You go through years of medical school, residency, and training, focused on one goal – to finally become a doctor. But what happens when after everything you’ve been through, you feel like being a doctor isn’t your calling anymore? That you don’t feel the same fire or passion as you did on your first day of medical school? Are you confined to the medical industry or are there more paths available?
In this episode of Prosperous Doc, host Shane Tenny speaks with Michelle Mudge-Riley, a.k.a. The Doctor’s Doctor, about her experience leaving clinical practice and how she’s helping other doctors do the same. She shares her story of leaving medicine and created a business by helping other doctors who’ve been through similar situations.
A number of factors, both internal and external, can leave clinicians feeling like a failure for wanting to leave medicine. Because medicine requires a laser focus, doctors often fail to realize that there are a multitude of options available for people with their education and training. (9:25) She says, “Once you realize what's out there, you then realize how much more is out there.” (10:00)
Not all doctors Michelle works with want to leave medicine, some are simply burned out and seeking change or supplemental non-clinical work. With that in mind, she shares some of the key indicators she uses to help doctors discern the right path for them. Michelle says “the most important thing is to hear their story and to talk with them and to provide a safe place for them to talk things out, because ultimately at the end of the day, each person sort of knows which path they need to take.” (15:07) Not everyone needs or wants to completely transition out of medicine – they just need to understand that other avenues exist and are available to them. (27:00)
Michelle provides closing advise for anyone feeling lost in their career and considering leaving medicine, “there's no shame in looking at what's out there, what the options are. You don't have to make any commitments. But, the biggest and most important thing is,: don't lose confidence in yourself and you're not a failure.” (28:42)
In this episode’s financial wellness tip, Will Koster discusses insurance as part of your financial foundation. It is imperative that you review your policies frequently to determine if they are still adequate for your current needs. Your home, life, and disability insurance, for instance, may not be sufficient compared to when you first purchased them early in your career. Re-evaluate them and make sure they’re in order so that the foundation of your financial plan continues to be stable and strong. To learn more check out our blog post Insurance Planning for the Good and the Bad.
Prosperous Doc podcast by Spaugh Dameron Tenny highlights real-life stories from doctors and dentist to encourage and inspire listeners through discussions of professional successes and failures in addition to personal stories and financial wellness advice. Spaugh Dameron Tenny is a comprehensive financial planning firm serving doctors and dentist in Charlotte, NC. To find out more about Spaugh Dameron Tenny, visit our website at www.sdtplanning.com. You can also connect with our host, Shane Tenny, CFP at firstname.lastname@example.org or on Twitter.