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Physician mortage loans

5 Best Physician Mortgage Loans

Physician mortgage loans (also known as doctor loans) have been specially designed with doctors in mind. Doctors often have a massive student loan debt. Plus, their work experience may not reflect their true earning potential, particularly the ones who have just finished their residency. Doctor loans help physicians get as much as $1 million from lenders based on their unique financial needs.

spousal gap

Spousal Income Gaps: When Only One Spouse Is A Physician

In the United States, there is a significant difference in income between doctors and non-doctors. In fact, according to one study, the average physician makes $242,000 while the average American earns just over $48,000. When both spouses are physicians, this income gap continues to exist, but it may not be as significant. However, when only one spouse is a physician (and often they’re female), there is often an economic disparity that can potentially lead to marital stress and divorce.

paycut

10 Reasons To Consider A Pay Cut With A New Job

When deciding to take a new job, many factors must be considered, such as the job title, job responsibilities, potential for future growth, benefits, and salary. A doctor could be looking for more work-life balance, or they may need to relocate their home and family, or an opportunity for advancement.

alternative income for physicians

Alternative Income for Physicians: 24 Lucrative Options

Physicians have a lot of opportunities to make money outside of the clinic. However, many physicians don’t know how to find these opportunities or even if they exist in the first place. That said, it does always come down to investing additional time or money.

moonlighting for residents

Moonlighting For Residents

For instance, some contracts forbid employees from practicing within the same geographic location, specialization, or through locum tenens and telemedicine. The feasibility depends on the parameters of the training program.

non clinical jobs for doctor

44 Non-Clinical Jobs For Doctors (5 Scenarios To Get You Started)

The duties and responsibilities as a physician are expanding rapidly with a troubling trend showing decreased job satisfaction and compensation. There are quite a few non-clinical opportunities for doctors who have a background and experience in the medical and healthcare industry. 

The Watering Hole – August 2019

This inaugural issue of The Watering Hole focuses on earning more income, improving your online reputation, getting up to speed with state of telemedicine, and preventing burnout.

Evading the physician hourly wage trap

Evading the physician hourly wage trap

We tend to spend a lot of our professional lives trading time for money. Make physician hourly wage a thing of the past with these six tips, which hold true whether you’re a full-time employee or self-employed, and whether you’re practicing clinical medicine or do nonclinical work.

alternative sources of income for doctors

Now is a great time to start a side gig

There are so many alternative sources of income for doctors and medical professionals. It’s a great time to get started with a side hustle. Here are five reasons why, and how you can use them to your advantage.

Alternative investment options for doctors

Alternative investment options for doctors

‘Alternative investment’ is a broad term, though it generally refers to any number of investments that fall outside of traditional stocks and bonds. Alternative investments include investing in private companies (such as startups), peer to peer lending, real estate and real estate crowdfunding, investing in assets that have value (such as precious metals, hedge funds, and others.

Physician salary comparison

Nonclinical physician salary comparison

Uncertainty about income is one of the main hesitations among physicians considering a transition to a nonclinical position. Average physician salary by specialty is easy to find, but is largely drawn from surveys of physicians practicing in traditional clinical settings. This post aims to provide a ballpark physician salary comparison for the most popular nonclinical jobs.

Earn Extra Income with Expert Consulting

Earn extra income consulting with expert networks

The demand for expert network services has grown steadily in the past decade. As a physician, you can earn a high hourly rate by simply talking about your areas of expertise on the phone. Learn about the best expert networks for medical professionals to join.

Businesses doctors can start

Non-clinical B2B service businesses for physicians

A B2B business involves you, as your own small company, making a transaction with another business instead of with an individual consumer. One of the best parts of starting a service-based business is that the barriers to entry are very low. Physicians have a great breadth and depth of knowledge that is an excellent foundation for services tangentially related to healthcare, but without the red tape and regulation of opening a medical practice.

Non-clinical service businesses doctors can start

Any doctor start and run and successful, profitable business. Small businesses that offer a service as their product are a perfect solution for many physicians wanting to earn extra income, share their knowledge, help with peoples’ challenges faced by people or companies, and have more autotomy in their work.