There’s an endless list of other ways doctors can make money. Some of the best include consulting, research, telehealth, event speakers, and lecturers.

Telemedicine is one of the most interesting right now – more people want flexible work and from home. Telehealth means doctors can see more patients without incurring the costs of establishing physical offices. It’s like private clinics for the same money without the overheads. Telehealth comes with good returns, particularly specialist consultant services – some physicians earn over $150 an hour in such engagements.

Another exciting one is travel medicine, but not as many people have the flexibility to do that. There’s a lot of money to be made with travel medicine, and it’s an almost 24/7 holiday. We can see why young doctors might be interested in this.