How many income streams do you have? How many income streams do you think you should have? 

In this physician focused episode, I answer the listener question, “how many income streams is really the right number? And how did you decide?” Then I take it further and explain four key reasons why the number you have in mind may not be the right number!  I know this episode is longer than usual but trust me, you’ll wanna stick around until the end. 

In this episode of The Career Rx we’ll discuss:

• What being overextended means for your side-gig 
• What’s the magic number? There’s real, peer-reviewed science at work here.
• Putting social comparison into perspective.
• How credible sources build credible businesses.

You’ve been told that you need a bunch of side gigs and income streams. Being a doctor isn’t enough these days. But, if you’re feeling exhausted and burned out and all those things, your reality check is here. By the end of this episode, you will have an understanding of what income streams you need (or don’t need). These real-world examples will guide you through your feelings of burnout, buying happiness, the pressure of  social comparison, and the most important thing to get right if you DO decide you need more income streams.

“There's a million things you could do, but only a few that you really should do.” - Marjorie Stiegler

In this Episode: 

[1:35] Stop hustling.
[4:40] If it’s not about the income, then what’s it all about?
[6:00] A purely professional point of view
[7:50] Falling victim to the outsourcing paradigm
[9:30] “Just be a doctor.”
[11:15] The magic number that ‘buys happiness’
[15:30]  Mo Money, Mo Problems
[17:50] Social media is a highlight reel - and you’re comparing to your inner critic 
[21:21] The right reasons to start a business
[23:00] Irony alert - from a doc with lots of income streams...
[25:10] My gift to you - we can celebrate together!
[26:00] You’ll wanna hang around for this news

Links and Resources: 

The Branding Rx 18 hours of CME, mastering digital strategies for advancing your career, building your business, and growing your professional brand

The Speaking Rx learn the business of professional public speaking to establish yourself as a thought leader you are, and get paid for your speaking expertise

Industry Insider - 12 hours of CME, what to know about landing a nonclinical career without a new degree, a foot in the door, prior experience, or a pay cut

Launch an Online Course on Any Budget - know your course will sell before you spend any time or money to create it; plus, the exact logistical blueprint to get paying customers and a way to deliver your course without spending a dime (ready to scale up when you are!)

The How of Happiness 

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