What's YOUR Passive Income Plan as a Doctor?

Italy, Passive Income Plans, Jobs, Burnout, Last Chance for Fellowship Superearlybird, Upcoming events and more..!

Ciao!

I’ve just returned from Italy from a family break where my little daughters got to spend time with their cousins, whilst we all ate a lot of piadinas, pizzas, cheese, gelato, pasta.. and more pasta.

What I loved about my trip - besides the awesome weather, was that it’s now part of my own passive revenue stream strategy as part of the Travel Doctorpreneurs Team.

Having been a doctor for nearly 20 years now, I reflect that as doctors;

❝

We’re great at knowing how to work for money..

but not so good at ensuring our money works for us.

Considering all doctors I speak to are seeking financial security, I see passive income as one of the most important areas to focus on to achieve that.

Solely relying on getting a better paid job in industry or equivalent, won’t cut it because it’s the same thing:

You get an income, you’re limited on a pay rise, if you don’t like it you’ll have to rely on having to find another job before you can leave first etc, or you can be fired or made redundant, or even go on long term sick with your salary being cut off at some point.

(This is also where getting a good financial advisor + accountant comes in..!)

Therefore opening up the discussion on passive income to achieve financial stability, I’d love to ask:

How many forms of passive income streams do you have as a doctor?

This is money that’s growing even if you stopped working, and a substantial amount to cover at least some of your living expenses?

This doesn’t include your pension :)

How many passive income streams do you have?

Login or Subscribe to participate in polls.

Let’s discuss the results of this next week!

We already have a super long article of Passive Income ideas on our website, but soon to be updated!

Doctors in Industry Fellowship™ 

Substantial breakthroughs amongst our Fellows this week!

  • 2 Fellows became keynote speakers - Faris at a Digital Health Conference, Karla at a B2B networking event held at Santander

  • Pietro, Critical Care Physician pivoted his AI product from Healthcare to the Finance world

  • Vanessa, Histopathologist has decided to focus on specialising in TV and Media production and making health ed fun

  • Oscar, still in Canada, is due to launch his Health Content app at a Google event this summer

  • 2 Fellows decided that Pharma wasn’t for them after attending a biotech event

Bringing us to next month of Personal Branding with our LinkedIn masterclass next week.

Want to be part of this?

We’re slightly extending our Super Earlybird to accommodate everyone returning from half term this week for the following - so if you want to stand out and wow hiring managers with your commercial knowledge and move to industry faster than your doctor competitors then join..

This popular online course is for doctors wanting to join the next cohort of the Doctors in Industry Fellowship.

In completing this course, you will be invited to join the Fellowship and get the cost of this off the full fellowship!

Applications before June 3rd get a whopping £300 off - so grab your spots now!

🗓️ Disrupting Doctors Careers™ Podcast

Aesthetics For Doctors - Side Hustle or Lucrative Career ?

This week we're joined by fellow doctorpreneurs Dr. Sieuming Ng and Dr. Subha Punj, the masterminds behind SafeAP; a one stop shop and growing marketplace connecting high quality aesthetics practitioners with great clients.

They unpack the secrets to building a lucrative aesthetics business; from tapping into the artistry in science to overcoming imposter syndrome, get ready for a trove of insights that promises to gear you up for success in the aesthetics realm.

💼 Featured Opportunities

Tackling Burnout for Career Change Success: Specialist Workshop

Wednesday, June 12th, 2024 | 7:00 PM - 8:30 PM BST

Speakers: Dr. Amy-Jo Farrow

Investment:

Paid MF Members and Fellows: It’s FREE. Check your emails for the signup!

Non-Members: Sign up as a Member to join. £39 per month, anytime cancellation. Registration will be in your signup email.

InCrowd: Get Paid for your Medical Expertise

Our new Partner InCrowd helps you earn a side income whilst making valuable contributions to medical research through micro-surveys.

On average a 5-minute micro-survey pays £6-10 with the potential for higher compensation based on survey length.

Find out more and.. Register Here!

Jobs.!

Upcoming Events

Weds June 5th - 7-8:30pm BST: LinkedIn Masterclass - Doctors in Industry Fellows ONLY

Friday, June 7th - 5-6 pm BST : Travel, Earn, Grow - with the Travel Doctorpreneurs Team - Everyone welcome - Register here

Weds June 15th 1pm BST: Commercial Doctors Mess - Selling for Doctors with Dr. Abeyna Bubbers-Jones - Commercial & Doctors in Industry Fellows ONLY

Weds June 12th 7-8:30pm BST: Tackling Burnout for Career Change Success - Specialist Workshop with Dr. Amy-Jo Farrow - MF Community/Premium & Doctors in Industry Fellows ONLY

July TBC: Coach your way into a Career you Love - LIVE Coaching with Dr. Jogisha Kukadia - MF Community/Premium & Doctors in Industry Fellows ONLY

August TBC: Financial Security in Career Change - with Nazia Haque - Financial Wealth Advisor with St. James’ Place - MF Community/Premium & Doctors in Industry Fellows ONLY

Investment:

Are you an MF Community / Premium Member or Fellow? Check your emails (or calendar if you’re DII) for the signup or reply to this email.

Non-Members: Sign up as a Member to join. £39 per month, anytime cancellation. Registration will be in your signup email - if not, please email us.

Now that getting into Occ Med is becoming increasingly competitive, I’m now mentoring a small group of doctors who want to develop their careers in Occupational Medicine including providing opportunities for shadowing with me.

This is for MF Members only.

If you want support on back-dooring your way to get into to the profession

Join our membership and email for further details to join this community.

As doctors, our lack of financial education and time has meant that we’re behind many of our other peers in achieving financial stability.

Therefore I’m on a mission to use this opportunity as a TOOL to LEVERAGE to help as many doctors as I can to escape the financial trap of remaining in jobs we hate (but remain in because we need the money!)

This will help us to achieve real career flexibility and autonomy - so that we can practice medicine as it should be practiced.. or make a bigger impact in healthcare and beyond - whilst helping others to do the same!

Doing this together as a genuinely supportive community who love travel is the best part of this journey.

Do you support this mission?

Career Coaches, Mentors & CV/LinkedIn Support

All paying MF Members get a discount off these services below!

If you need some career guidance moving forward, please check out our amazing team of career coaches who have a wealth of experience working with doctors across the world on all things alternative careers.

Not sure what coaching involves? Check this article out.

Non-Clinical Advantage: CV & LinkedIn Mastery with Dr. Abeyna Bubbers-Jones - Get your non-clinical job FAST with this VIP 1-1 mentoring & support.

Welcome to our New Members!! 🎉🎉🎉

We’re wildly celebrating doctors who are taking bold and courageous ACTION in becoming an MF Community or Premium Member. In doing so their contribution ensures we remain independent, inclusive and doctor-led!

Some of our most popular webinars available to members is:

Thank you all for joining and see you at our upcoming events

Key Stats

Combined Community Followers: 91,191 🢁

Podcast Downloads: 48,183 🢁

💁🏾 Our Partners

We are completely funded by the money we earn.

No investors pulling the strings to help us stay independent, women and black owned.

Buying from us or our partners below helps us to stay this way!

Beehiiv is the name - newsletters for creators is the game. Recommended for writers who want a side hustle income!

Travel Doctorpreneurs - Our partnership with Inteletravel and PlanNet is a fantastic opportunity for doctors (or anybody!) who travel and want a low risk way to start a business with an inbuilt supportive cheerleader community.

Hosting your own online course? Checkout Learnworlds - the content management platform we use to host our Doctors in Industry Fellowship. Easy to use and best value for money compared to others we found.

Don’t hesitate to SHARE this newsletter to help us achieve our mission. We are in the process of setting up a rewards system. Start early to get brownie points!

Your Mental Health

We want to remind you that you can access a wealth of resources for burnout and mental health. A good start for those in the UK is Practitioner Health

Until next week.. Warm wishes

Ola, Abeyna and the MF Team