SIDE HUSTLE

Are you a physician looking to start a profitable side hustle this year?

You’re not alone! Many physicians are searching for ways to diversify their income and take advantage of new opportunities to leverage their wisdom and expertise Some obvious benefits of a side hustle include: • With the changing economic landscape and the uncertainty of the future, having a side-hustle can provide a financial buffer for physicians. • Starting a side-hustle can also provide a sense of fulfillment and give physicians more flexibility in their schedules. • Ability to diversity your income Make your new year resolution to explore how you might richen your life with stimulating side gigs. With the right know-how and resources, you can make this year the year you start your own side hustle and reap the rewards. You probably didn’t succeed in your medical profession without doing the work. Starting any new venture can be intimidating but it doesn’t have to be. The key to a successful beginning is to do research and create a plan, understand the industry and what it takes to succeed, and definitely get

Hustle and Bustle

The financial rewards of a side hustle can be just the beginning

a mentor that has “been there, done that.” Take the time to network with professionals in the industry and learn as much as you can. Once you have a better understanding of what you are doing, create a plan that includes our goals, timeline and budget. Finally, take action and follow your plan. Remember to be patient and consistent. It may not happen overnight but with dedication, you can reach the goals you have set. Having both active and passive income streams from side hustles can provide much-needed financial stability and open up new avenues for income. Active income from side hustles can provide short-term income, while passive income can give long-term financial stability. If you seek out these opportunities with a plan and purpose you will likely discover the second big benefit to side hustles—a new joy in your chosen career. Let’s be realistic: Clinicians generally love their careers but hate their jobs. Everyone got into medicine for a reason. It might be the satisfaction of helping patients and positively impacting society. It could be the intellectual pleasure of working with skilled peers and maintaining a lifetime of education. Or it might be the satisfaction of accomplishment from building things and overcoming obstacles. With some research and a bit of creativity, anyone can get started on their side hustle journey. Looking forward to seeing you on the road. n

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