Doctors Office Cash in a Check Funny

Please note that this is a growing list of physician side hustles as I come across new ideas and receive submissions as well. So check back often and feel free to submit your own ideas down below.

If you'd like to talk about these topics in real-time, feel free to join our private FB groups, Passive Income Docs & Passive Income Professionals.

With the ever-changing state of medicine, the increasing burden of student loan debt, and
the dissatisfaction and burnout that comes along with all of it, physicians seem to be searching for alternatives or other ways to make income.

Perhaps it's to supplement/replace their current incomes or perhaps it's a way to transition out of medicine altogether. Either way, the notion of the "side hustle" or "side gig" seems to be growing in acceptance amongst the physician community.

To qualify as a side hustle, it must be something that you can initially start while continuing your day job as a physician.

Why Even Have a Side Hustle?

(Related: 5 Reasons Why Doctors Should Have a Side Hustle)

Make more money.
Hedge against changes in medicine or your current job.
Increases your bottom line to help you achieve financial independence quicker.
Maybe it's just something you're passionate about and enjoy doing.

Is It Worth It?

At the end of the day, that's a personal decision. You have to figure out whether it's worth it to you after answering the following questions amongst many others:

How much can you make?
What's your time worth?
Should you just work more at your current day job?
Will it help you create your ideal life?
Is it something that you're interested in and passionate about?

Ultimately I believe that side hustles start with having the right attitude. Your success will be predicated on your drive and determination, which, if you've made it this far in your medical career, you already have plenty of.

There might be obstacles you face while trying to pursue a side hustle as a physician, but it might be absolutely worth it.

In fact, NOW might be the perfect time to get started!

Without further ado, here's my growing List of Physician Side Hustles (with some examples of doctors doing those very things):

Make Extra Money Using Your Medical Degree (Non-Clinical)

Medical consulting: McKinsey
Retail consulting: Advisor for retail/cosmetic company
Physician advisor:
Telemedicine: American Telemedicine Association , MDlive , Doctor On Demand , HealthTap. I also wrote a review on a great course to get you started in telemedicine.
Expert witness: SEAK , American Medical Experts
Chart/Utilization review: SEAK , Dane Street, Advanced Medical Reviews
Pharm/Clinical trials
Review and offer opinions on medical cases: Best Doctors
Medical surveys: InCrowd, ZoomRX (For a complete list, check out our Paid Medical Surveys page)
Review health insurance claims: NAIRO
Disability Insurance Evaluation : ABIME , IAIME

Clinical

Locum tenens: National Assoc. of Locum Tenens Org., Equal Access Health
Pick up shifts at an urgent care center or start your own
On-demand doctor visits: Heal , Pager
Concierge doctor: SignatureMD
Physicals for the military: MEPS
Medical review officer, drug & alcohol testing: AAMRO
Medical director: home health/hospice, infusion centers, IV hydration clinics
Clinical lab director

Educate Others

Write a book: You can take a course like this to get started. Some examples of books by doctors: The House of God , Complications , Drug Dealer, MD
Write an eBook: Self-publish
Create an online course: Kajabi, Udemy, Teachable
Create guides to help students with exams: First Aid for the USMLE
Create online quiz banks
Teach at a university or medical school
Tutoring

Real Estate Opportunities

Invest in direct ownership of rental property: single-family, multifamily apartments
Invest in crowdfunding real estate: CrowdStreet , EquityMultiple.(Check out our list of the best real estate crowdfunding sites.)
Invest in syndications
Invest in private equity real estate funds
Learn how to invest in syndications & funds by joining the Passive Real Estate Academy.*
Rent out your own home: Airbnb
Invest in tax liens
Get your real estate license

Businesses

Purchase a franchise
Start a multi-level marketing business
Start a locum tenens company

Online Businesses

Start a blog: How to start a blog
Affiliate marketing: Amazon Affiliates, CJ Affiliate, Affiliate Marketing Course
Sell items on Etsy or eBay
Direct to consumer products: L3O Soaps
Create online store/dropshipping like this blogger: My Wife Quit Her Job

Patent / Invention

Create invention & patent it, collect royalties: BareEase
Create an app – Can use BuildFire , iBuildApp . ex. CallSimplified
Patent an idea for a medical device specifically

Investing in Companies

Angel investing – AngelList , Microventures
Venture capitalist: Work and consult for a venture capital firm that funds medical innovation – Artiman Ventures

Stock Market

Invest in the stock market
Day trade

Writing

Medical writing – SEAK
CME content writer
Medical journal editor

Traditional Media / Online Media / Social Media

Medical expert on-air or radio: Dr. Sanjay Gupta, Dr. Kien Vuu
Social Media Influencer: Dr. Mike
Film/TV/Media consultant: ReelMD
Podcasting: 10 Podcasts Doctors Should Really Be Listening To
YouTube & video blogging: ZDoggMD

Public Speaking

Pharmaceutical industry lecturer
Paid guest lecturer at conferences

Aesthetics

Start a medi spa
Aesthetics clinic: Aesthetics Pro Workshop
Create your own skincare line: MD Glam

Transportation

Drive Uber or Lyft (Believe it or not, I've actually heard of some docs doing this.)
Rent out ad space on your car: Wrapify
Rent out your car: Turo, Getaround

Coaching

Athletes, training, & nutrition: AthletesRX
Weight loss: Dr. Katrina Ubell
Health and wellness
Life/Business/Career: Life Coach School, Dr. Sunny Smith (Empowering Women Physicians)
How to get into med school: Medical School Headquarters
Just about anything and sites to get started on:
- Blinktoll.com
- GLG
- Clarity.fm

Lending

Invest in peer-to-peer lending – Lending Club , Prosper
Be a hard money lender

Freelancing

Upwork
Fiverr

Others

Teach yoga/pilates
Photography
Other online surveys – Swagbucks, Survey Junkie
Make money by referring student loan refinancing companies to your friends

Any that you'd like to add to the list of physician side hustles – your own, your colleague's, etc? Feel free to share below, message me, or join the discussion on our Facebook group (Passive Income Docs and Passive Income Professionals). Thanks!

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Source: https://passiveincomemd.com/list-physician-side-hustles/