White Coat Investor Podcast

WCI #253: What to Do with Extra Money and Life After Covid

Mar 10, 2022
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INSIGHT

High Earners Often Lack Written Plans

  • Only 48% of the audience had a written financial plan despite high incomes and net worths among listeners.
  • A written plan simplifies decisions and reduces monthly uncertainty over "extra" income.
INSIGHT

Pandemic Increased Clinician Burnout

  • Burnout levels rose during the pandemic, with 57% currently feeling burnout that impacts work.
  • This trend underscores growing need for wellness and burnout-focused resources for clinicians.
ADVICE

Check Contract Before Doing Locums

  • Read your employment contract to see if moonlighting or locum work requires disclosure or is forbidden.
  • If allowed, ensure you do not steal employer time and fulfill full-time duties before taking outside work.
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