My friend told me she knew an anesthesiology resident/ attending (can't remember) who did moonlighting on the side and made an extra $100,000. He said he made so much money he didnt know what to do with it. What does this consist of? Is this really true? Can I really pay off my loans through this? I'll try a search for this too. Thanks guys!
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Moonlighting- What does it consist of?
Started by fj25
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fj25 said:My friend told me she knew an anesthesiology resident/ attending (can't remember) who did moonlighting on the side and made an extra $100,000. He said he made so much money he didnt know what to do with it. What does this consist of? Is this really true? Can I really pay off my loans through this? I'll try a search for this too. Thanks guys!
Everyone I know in medicine has at least story of how some resident made an insane amount of money doing this, that, or the other on the side. Are they true? Who knows, but it's at least conceivable that they are.
The truth is that after finishing internship, most residents still don't feel confident enough to moonlight without attending back-up until they're well into their training or even almost finished.
Throw in the fact that everyone values their free time and that many programs have restrictions (or at least they make it a bureaucratic nightmare to get approval) and moonlighting isn't really all that great, imho. sure, you can make some extra dinero for a new tv or that trip abroad, but i wouldn't count on ditching those loans until you're an attending.
Just thought I'd throw in some more rumor. I was told by an attending that he had moonlighted during his ER residency. He had done 2 - 3 36 hr ER shifts per month in yrs 2,3,and4 of his residency, @ $100/hr. Maybe an exageration, maybe not. But, thats $7200-$11,000 per month on top of his resident salary. Said he never once saw anything he hadn't seen 10 times.
The director of the gas residency also discussed moonlighting with a small group she was leading. She said that 2nd year Anesth residents can moonlight in the program for $50?-75 /hr within the program... so, there's an attending just around the corner if you need help.
The director of the gas residency also discussed moonlighting with a small group she was leading. She said that 2nd year Anesth residents can moonlight in the program for $50?-75 /hr within the program... so, there's an attending just around the corner if you need help.
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I'll make almost $25,000 before taxes moonlighting this year.
B
Blade28
Just out of curiosity, how do you get paid during moonlighting? In cash? A check? Or is the extra pay reflected in your paycheck/direct deposit stub?
I've been warned about making too much money and taking yourself out of deferment/forebarance for your student loans. If it's not enough money to offset the new loan payment or not regular enough, is it worth it in practical terms, especially with time off at such a premium?
If you're moonlighting by working extra for your residency then your pay goes into your regular check. If you're working for someother entity then you get a seperate check. If anyone wants you to work for them for cash run away.Blade28 said:Just out of curiosity, how do you get paid during moonlighting? In cash? A check? Or is the extra pay reflected in your paycheck/direct deposit stub?
fj25 said:My friend told me she knew an anesthesiology resident/ attending (can't remember) who did moonlighting on the side and made an extra $100,000. He said he made so much money he didnt know what to do with it. What does this consist of? Is this really true? Can I really pay off my loans through this? I'll try a search for this too. Thanks guys!
Here's an example of what can be offered:
http://www.fwmep.edu/curriculum/moonlighting.htm
Soup said:I've been warned about making too much money and taking yourself out of deferment/forebarance for your student loans. If it's not enough money to offset the new loan payment or not regular enough, is it worth it in practical terms, especially with time off at such a premium?
I think that works on a sliding scale though, where to lose 100% of your forbearance you have to make 113K+. Besides, paying off your loans and having the same amount of money is better than accrueing interest.
Vox Animo said:I think that works on a sliding scale though, where to lose 100% of your forbearance you have to make 113K+. Besides, paying off your loans and having the same amount of money is better than accrueing interest.
I see what you're saying and agree with you. At the same time, everyone needs to decide what is worth more to them -- the money moonlighting gives to save on the accrueing interest or the time off with family or relaxing.
I have been moonlighting now since I am a second year and have more free time (only 3 1/2 call months as a second year 🙂 ) Moonlighting in our hospital basically consists of doing H&Ps. You usually end up getting sucked into some cross-cover issues, but it's mostly just admissions. And for this we get paid $60 an hour. I have moonlighted (moonlit?) 3 times and have made about $1000. We get paid separate checks for moonlighting than our regular paychecks. So it's definitely a nice way to supplement your income, especially when you are on a rotation that is "easier" and allows more moonlighting time.
Blade28 said:Just out of curiosity, how do you get paid during moonlighting? In cash? A check? Or is the extra pay reflected in your paycheck/direct deposit stub?
I did not want to write this BUT.
Have you ever held a job? How do you get paid from a company at any job?
YES THEY ARE GOING TO REACH INTO THE CASH REGISTER AND HAND YOU A BUNCH OF MONEY AT THE END OF YOUR SHIFT. NO, NO, THE PATIENTS ARE GOING TO HAND YOU THE CASH AS THEY LEAVE THE CLINIC. IF THEY ARE UNDER THE GAS, YOU WILL HAVE TO WAKE THEM IN ORDER TO GET PAID.
sdn4em said:Anyone know if the specialties working more hours in residency, ex. surgery, etc. get opportunities to moonlight or if that's by and large restricted to non-surgical residencies?
thanks.
Depends on the program. Mine banned residents on clinical rotations (ie, anything but the lab years) from moonlighting. Even out-of house or while on vacation.
In-house moonlighting counts toward your 80 hrs so most surgical residents would not have the time while on clinical rotations. Technically, out of house (ie, at another facility besides your primary training site) hours don't count, but that doesn't mean it isn't done - depends on what the program will allow.
docB said:Emergency Medicine - Saving the world from seeing its primary care doctor. QUOTE]
Awesome!
loveumms said:docB said:Emergency Medicine - Saving the world from seeing its primary care doctor. QUOTE]
Awesome!
ER docs are primary care doctors on caffine.
My program (IM) only lets us moonlight during our third year because we have a lot less call that year. Basicall, you work on the "B-service" overnight, which consists of doing a whole bunch of H&Ps. Occasionally, you may have to cross cover some of the IM patients who are not on a resident service. They pay $60 an hour.
erichaj said:I did not want to write this BUT.
Have you ever held a job? How do you get paid from a company at any job?
YES THEY ARE GOING TO REACH INTO THE CASH REGISTER AND HAND YOU A BUNCH OF MONEY AT THE END OF YOUR SHIFT. NO, NO, THE PATIENTS ARE GOING TO HAND YOU THE CASH AS THEY LEAVE THE CLINIC. IF THEY ARE UNDER THE GAS, YOU WILL HAVE TO WAKE THEM IN ORDER TO GET PAID.
Upon request can you get a bag with a dollar sign on it, or maybe a nondescript briefcase?
Vox Animo said:Upon request can you get a bag with a dollar sign on it, or maybe a nondescript briefcase?
For you, sure man. I'll even throw in a pair drug rep pens.