Money Minutes for Doctors #23 - The Side Gig, Part 2 ~ Getting Started

“I wish to have no connection with any ship that does not sail fast; for I intend to go in harm's way.” ~ John Paul Jones, 1778

Last month we talked about the unique opportunities and benefits of the side gig with Ms. Katherine Vessenes, JD, CFP®, RFC, Founder and President of MD Financial Advisors. But like any long sea voyage worth taking, there should be a long process of planning and analysis. And make no mistake, It is daunting to consider casting off the lines and pointing your bow into unknown waters…there are shoals and storms a plenty! But the opportunities that exist over the horizon when considering accelerating the progress toward one’s financial goals and overall financial wellness may well be worth the journey. Dr. McAteer and Ms. Vessenes are back to discuss what it takes to begin this voyage with a sturdy and capable vessel!

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About Ms. Vessenes:

Ms. Vessenes works with over 300 physicians and dentists from Hawaii to Cape Cod. Her firm uses a team of experts to provide comprehensive financial planning to help doctors build their wealth and protect their wealth while reducing taxes now and in the future. Katherine is a longtime advocate for ethics in the financial services industry; and has written three books on the subject of investment strategies. She has received many honors and awards including: numerous tributes from Medical Economics as a top advisor for doctors, multiple 5-Star Advisor Awards, honored as a Top Woman in Finance, in addition to being selected to be on the CFP® Board of Ethics. Katherine can be reached at: Katherine@mdfinancialadvisors.com or 952-388-6317. Her website: www.mdfinancialadvisors.com.

QUICK SUMMARY: The Side Gig, Part 2 ~ Getting Started

  • Be clear in your reasons for pursing a side gig

  • Talk to your colleagues – they are your best assest in launching your new ventures!

  • Get on a Registry

    • Seak Expert Witness Directory & additional training for various side gig options. www. SEAK.com

    • Tasanet.com – Registry for expert witness

    • Recruiters  - can link you to temporary side employment

  • Generally be patient, don’t be afraid

  • Training – can attend training seminars to learn of options and received additional training. 

  • Select your business partners – accounting, lawyers

  • Choose a business entity – LLC, S corp, C corp

Money MinutesKristina McAteerComment