Docs Outside The Box - Ordinary Doctors Doing Extraordinary Things

Money Trap #3: Getting paid less than your coworkers #301

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Synopsis

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii and Renée continue the conversation on money traps that doctors fall into with Money Trap #3: Doctors not negotiating their worth and not maximizing or diversifying their income.  Things to expect in this episode:Doctors trading time for dollars and finding that sweet spot in pay and lifestyleActive versus passive incomeRenée’s experience negotiating her contract vs. using an attorneyMedscape Study shows that burnout among physicians is up 47%Health Affairs study shows a significant gender pay gap between female and male physiciansEpisode 170 - Dr. X Files #2 – I became a martyr for medicine and my careerEpisode 293 - Women physicians make $2 Million less than male physicians?!Studies Talked About:Female Physicians Earn An Estimated $2 Million Less Than Male Physicians Over A Simulated 40-Year CareerAAMC 2021: Exploring Faculty Salary Equity art U.S. Medical Schools by Gender and Race/EthnicityComparison of Hospital Mor