Side Hustle Spotlight 12.16.18

The Side Hustle Spotlight is a weekly roundup of interesting posts and articles about medicine, side hustles and personal finance.

Spotlights illuminate empty stage with dark background. 3d rendering

This week, I shared a terrifying blood-curdling tale – The Hospitalist.  Edgar Allan Poe had his Raven, and I have my stubborn stonewall hospitalist.  I had a blast writing it and I hope you enjoyed reading it.

I also discussed Cash Drunk: 10 Ways Your Money Addiction is Like Being an Alcoholic.  You can’t deny that whether your vice is money, alcohol, drugs or gambling we all have some things in common.  Take the quiz and see how deep your addiction goes.

The Financial Samurai knows that Once the Money is Gone Your Tolerance for B.S. Disappears.  Most people (physicians included) will put up with a lot of B.S. as long as the money keeps flowing.  For me it means continuing to work nights, weekends and holidays.  What would happen to your B.S. tolerance if you suddenly took a 50% pay cut?  Suddenly that turd sandwich doesn’t look as appetizing.

The Physician Philosopher asks Will More Money Make Me Happier?  He talks about the art of contentment and how the things we own often end up owning us.  It may be the money addiction talking, but I do think money can buy happiness in an indirect way.  Spent money can’t buy happiness, but saved money buys security.  Last time I checked, security has happiness on a long-term lease.  What do you think?

It’s amazing how big opportunities can come when you least expect them.  One of my favorite side hustlers, Doc G of DiverseFI, knows that Opportunities Will Come.  Two of his biggest financial boons (nursing home work and hospice medicine) were completely unplanned.  Being open to new business opportunities can pay off big time.  Have you ever stumbled into a great paying gig?

Once again, I find myself compelled to read each one of Crispy Doc‘s “Docs Who Cut Back” interviews.  This week he interviewed Wealthy Doc – the man, the myth, the legend.  Of all the subjects in this interview series, I think I relate to Wealthy Doc the most.  He clearly is a driven guy with a tendency to overwork.  It makes it all the more remarkable that he was able to cut back and find a better work/life balance.  Maybe there is hope for me after all.

Accidental FIRE asked How Much Has State Spending on Healthcare Increased?  You may be surprised to learn that this year is the first time since 2010 that healthcare spending outpaced inflation.  Once again A.F. has created some awesome maps packed full of interesting data.  The cost of healthcare is probably the top concern amongst early retirees – including many physicians.  Is the cost of healthcare holding you back from early retirement?

I know 2 docs with big plans to retire early – Physician on FIRE and Miss Bonnie MD.  This week Bonnie was featured on PoF’s Christopher Guest Post.  Amongst the many things we learned from this interview was a shocking revelation – there is a place in this country where a dermatologist is available for inpatient consults.  Check out the interview and see what makes this blogging dermatologist tick.

Dr. Mo of Urgent Care Career has previously discussed How to Get Started in Healthcare Consulting.  This week he wrote about the most important part – Getting Paid.  He shares some lessons he learned the hard way so you can avoid his mistakes.  Deciding your payment model and getting it in writing are important parts of this lucrative side gig.

Christmas is only 9 days away, which means I better start thinking about Amazon Priming some gifts.  I hope you enjoyed these great posts as much as I did.

Keep hustling,

Side Hustle Scrubs

 

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