Side Hustle Spotlight 1.6.19

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

A new year means new beginnings, and your favorite doc bloggers were kind enough to share their New Year’s Resolutions.  Will White Coat Investor finally bury the hatchet with whole life insurance salesmen?  Will Rogue Dad MD finally get tenure as Tweeter Emeritus?  Check them out and see which one is your favorite.

After more than 100 posts, I’m starting to get a better sense of where this blog is headed.  What’s the Point? is a look at the 4 things I hope this site can help you do:  earn more money, laugh, celebrate medicine and invest smarter.  (They happen to be 4 of my favorite things to do too).

The beginning of a new year is a good time to reflect on the past and plan for the future.  Look for Zebras gives advice on taking concrete steps to achieving your career goals in New Year’s Career Goals for Doctors.  If you didn’t accomplish all your goals in 2018, read this post and start planning the year ahead.

Passive Income MD knows that the most important step in finding side hustles is deciding to get started.  How to Find Your Side Hustle shares several good pointers on how to get your side gig off the ground.  Buyer beware:  once you figure out how to find side hustles you start seeing them everywhere.  It’s a superpower you can’t turn off.

You don’t really understand someone until you meet their parents.  After reading Millennial Doc‘s post titled How to Move On With Your Life:  Quit Your Parental Guilt, I feel like I understand her a little better now.  You will always be a child in your parents’ eyes, and how you deal with that will either hold you back or set you free.  Is guilt holding you back from the life you want?

It’s no secret that I’m a big fan of Doc G, his blog DiverseFI and now his podcast What’s Up Next.  The most recent episode, Episode 10:  Should You Quit Your Job Post FI might be my favorite one yet.  This week’s panelists included White Coat Investor, Chief Mom Officer and Retirement Manifesto.  They discuss the merits of work and why they all continued to work after achieving financial independence.  Bottom line:  find meaningful work and continue doing it as long as it makes you happy.

Maybe you’ve fallen out of love with your job.  Crispy Doc thinks It’s Time to Rekindle Your Love for Medicine.  You don’t have to light candles or leave a trail of rose petals.  Falling back in love with medicine can be as simple as cutting back your hours so you enjoy your job more.  You may have lost that lovin’ feeling, but that doesn’t mean you can’t get it back.

Dr Cory Fawcett knows that Success is Not Measured by Income.  There is nothing sadder that someone in the top 1% of income who is still living paycheck to paycheck. High income is meaningless if it’s paired with high spending. The sooner doctors realize this, the sooner they can buy their freedom.

Accidental FIRE knows that saving doesn’t come naturally to everyone.  He asks Is Saving Money Your Lifestyle or a Task?  Earning and saving money is such a big part of my identity, but I don’t realize it until I discuss money with “normal” people.  Take the quiz and see where you fall on the Personal Saving Orientation scale.  You just might be an oddball like me.

The Physician Philosopher takes it a step further and compares the financial independence community to Joining a Cult.  Living below your means, rejecting consumer culture and saving to achieve FI at an early age are certainly counter-cultural ideas.  If I’ve got to join a cult, it might as well be one that makes me wealthier.

My favorite post of the week is an instant classic.  Budget Kitty combined two of my favorite things with Homer Simpson’s Top Side Hustle Ideas.  You can call Homer Simpson fat.  You can call him dim-witted.  The one thing you have to admit is he was always coming up with new income streams.  This is the kind of post that makes me jealous I didn’t think of it first.

My new year’s resolutions are simple:  sleep and exercise more, spend more time with my family and find more great articles to share with you.  I hope you enjoyed these great posts as much as I did.

Keep hustling,

Side Hustle Scrubs

 

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