Passive Income

# 22: Job security in medicine is a myth


The debate over whether a doctor guarantees job security or not has taken a while, but it has become evident in these uncertain times when many doctors across the country go on vacation and let go – job security in medicine is a myth.

Every lever that we once had as doctors is completely gone. Doctors are increasingly becoming goods that can be replaced by cheaper suppliers and even by automation.

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It is time to live your life and practice medicine on your own terms.

Now let's look at five things you will learn about how job security is a myth in medicine!

  • How one Learn from years of real estate experience in just four months.
  • As a doctor, are you in control of your time and income?
  • How the field of medicine and the title of a doctor have changed
  • Creation of a system so that medicine is not your only source of income
  • Become financially free and make medicine your hobby

Here's a breakdown of how this episode develops …

As you know, doctors now have a huge student debt burden. And this ratio of where in terms of how much you owe your student loan debt versus how much you earn and the cost of living, especially in some areas where people live. Don't work as much in your favor as before. And that's how I know a lot of doctors, and I've talked in the past that paycheck to paycheck is stressed month to month to find out if they can cover their expenses that might support their lifestyle.

I’m honest, there’s probably a certain pride that you as a doctor wear. It was definitely not easy to get here, and you spent so much time and money on your degree during all those hours of training. They expect you to be at the top of the ladder and I think most of us felt like we couldn't be replaced, especially because of the shortage of doctors. We felt that there was great demand on our side. And of course there is wages for overtime prices because demand and supply are low. They know that as doctors we would be in even greater demand and that our salaries would increase. Unfortunately, that was not the case. Society and medicine in general have learned to elevate others to the role of a doctor.

I think as doctors we tend to think that we can never be replaced by automation technology. However, I totally think that is wrong. You are already starting to see it. You see how AI, especially when it comes to reading films. The technology is increasing significantly. They saw how they tried to develop machines that took the place of many doctors.

What I sometimes say about medicine is to make it a hobby. Once you're in this position, it doesn't matter what happens in medicine – it doesn't matter whether your job security is a myth, it doesn't matter what changes in regulations occur, it doesn't matter if you work in medicine Conditions you are not happy about. Because you can change it at any time. Let's face it, most of us don't change the situation we're in with our work for financial reasons. So if this is done through other income streams, you can really choose your ideal life career.

Let me tell you, it's absolutely possible. If anything, if any of you was part of it Leverage and growth summit We had that recently, there are so many doctors doing things outside of medicine while still practicing medicine who are able to create finances, provide financial security and be able to really thrive and things to do that they love passionately – all while still staying a doctor.

Be proactive, humble, and know that there is so much more to learn out there. Take it in your hand and just say, "I will no longer be trapped by medicine when it comes to finance. I will create my own financial security."

If you enjoyed this episode, here's another one you would love too! How much is your time worth?

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