Discover 17 Engaging Side Gigs: Turning Physicians and Doctors into Inspiring Multi-Dimensional Professionals
Side Hustles
Extra Earning Ideas for Doctors
By Marc Andre
Updated October 19, 2023
Despite earning substantial incomes, many doctors also look for extra income sources. They carry an enormous average student loan debt of $241,600, and some extra income can help to pay this off quicker.
Also, having something else to focus on outside of work can help manage stress and provide some fun. Additionally, some doctors who are keen on achieving financial independence look for cool activities they can engage in after retirement.
So let’s look at the top side hustles that doctors could consider:
1. **Online Medical Surveys:** Sites like Swagbucks and InboxDollars offer online surveys for extra income. Doctors can make a pretty penny from medical surveys on these platforms.
2. **Telemedicine:** You can offer telemedical services from your current practice or work as a locum tenens physician, providing care via video call or phone.
3. **Medical Advice or Guidance:** Platforms like JustAnswer and Best Doctors allow you to provide medical opinions and advice.
4. **Chart or Peer Reviewing:** Study patient charts, identify potential errors and ensure quality care.
5. **Become an Expert Witness:** If you’re experienced in a specific medical field, you could work as an expert witness in court cases or depositions.
6. **Investing:** Making your money work for you with stocks or real estate can yield solid passive income.
7. **Freelance Writing:** If you love writing, you can use your industry knowledge to create content for clients.
8. **Create an Online Course:** Your unique knowledge can be turned into a profitable online course.
9. **Start a Blog or Niche Website:** A content-driven website pertaining to your field can earn you money through ads, sponsored posts, or affiliate marketing.
10. **Write a Book or Ebook:** Your medical expertise can fill the pages of an informative book or ebook.
11. **Start a YouTube channel:** Create engaging videos on various health-related topics, and earn income from ads, sponsorships, and affiliate marketing.
12. **Podcasting:** Share your knowledge through engaging podcast episodes.
13. **Selling Printables:** Design creative printables and sell them on platforms like Etsy.
14. **Teaching or Tutoring:** Help guide the next generation of medical professionals by teaching or tutoring medical students.
15. **Speaking Engagements:** Speak at conferences or seminars to share your knowledge and earn extra income.
16. **Consulting:** Your expertise can be valuable to other medical and non-medical organizations.
17. **Invent Something:** If you have a creative idea for a new medical device or software, you could potentially turn it into a successful invention.
Is a Side Hustle Worth It?
While doctors earn an excellent salary, it’s still worth considering a side hustle not just for the money but also for its benefits in stress management and potential for post-retirement activity. Always ensure to understand the tax implications of your side hustle.
In conclusion, a side hustle is not just about the extra cash. Opt for something that tickles your interest and aligns with your goals and expertise.