Why would a physician consider a side gig? If you're still in training, you can go from making $15 an hour to 6-8x that. Someone who's completed training may take on work to supplement their income.

Moonlighting could look like anything from expert witness testimony work to medical record reviews. Whatever the dollar amount is, you have to remember you'll have to set money aside for taxes. If you don't plan for taxes at the outset, you'll end up with a large tax bill.

What else do you need to know before you start moonlighting? We cover three important topics in this episode of Physician Cents.

You will want to hear this episode if you are interested in...

• Tip #1: Do some tax planning[1:23]
• Tip #2: Consider your investment opportunities [12:58]
• Tip #3: Consider additional insurance [19:47]

Resources & People Mentioned

• Tax payments to the IRS

Connect With Physician Cents

• WealthKeel LLC
• Olson Consulting LLC
• Tyler Olson on Twitter
• Chad Chubb, CFP®, CSLP® on Twitter

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