Friday, 25 August 2017 09:00
Want to moonlight but you also have a family? Here are the challenges and what you can expect
Written by Mitul K.
Moonlighting is great for many reasons. I think that its important to pursue moonlighting for its many immediate and future benefits. I’m here to discuss one of the tougher parts of moonlighting, moonlighting while you have a family. Moonlighting is a time intensive activity that will most likely take you away from your family at times that they are likely going to be home (nights and weekends mostly when you’re in training).
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Moonlighting
The idea of multiple options for additional moonlighting income during training is obviously appealing. First of all, more money at a younger age has a multitude of benefits. Second, you have options, so you can pick the jobs that fit what you’re looking for at any given time. Third, you get experience in multiple settings and this gives you a better perspective of the “real world” of medicine. Unfortunately, there are some downsides of juggling multiple moonlighting gigs during training. This is not to say that it is not worth it, but it is important to understand them when signing up…
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Moonlighting
Thursday, 22 June 2017 14:20
Life Hacks - a scheduling tool for adding work shifts onto your Google calendar
Written by Jerry H.
Do you ever get tired of manually putting in work shifts onto your calendar? Do you work a sporadic schedule where you often have multiple shifts a month, but the days are not neatly arranged? Do you moonlight a lot, like I do,and need an easy way to put all those shifts onto your calendar? If so, continue reading to learn about how I solved this problem for myself. I can even help you do the same.
Published in
Moonlighting
Sunday, 29 November -0001 16:00
How I increased my moonlighting income from a few thousand dollars a year to six figures!
Written by Jerry H.
This is the story of my moonlighting journey for the past five years. It included a lot of hustling to find more shifts, a manageable workload, and better paying jobs. How much can you make moonlighting as a physician in training? In the past five years, I went from making a few thousand dollars a year to breaking six figures. Read more to find out my strategies and how you can do the same.
Published in
Moonlighting
Tuesday, 20 June 2017 12:08
Why I preferentially choose 1099 income over W-2 income
Written by Jerry H.
Having 1099 income in addition to W-2 income provides you with a lot of flexibility in terms of retirement accounts and tax deductions. Prior to diving deeper into this topic let me explain that I do already have a day job that is W-2 income and provides all the benefits you would expect, including health and disability insurance, retirement benefits, etc. My preference in choosing 1099s over W-2s is with regards to additional income outside of my day job.
Published in
Moonlighting
Monday, 19 June 2017 08:16
What are the tax implications of receiving 1099 income?
Written by Jerry H.
Just as a refresher, W-2 income is generally the payment type when you are an employee while 1099 is the payment type when you are an independent contractor. The fundamental difference between receiving 1099 income and W-2 income in the purview of the federal government is the distinction between being employed or self-employed. There are some major differences in tax calculations and how taxes are paid, which I plan to discuss in the rest of this post.
Published in
Moonlighting
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