Stop the Insanity: Working Just One Job for One Employer is Holding You Back

The Conversation That Opened My Eyes

I was at a business meeting when I met a young physician in his final year of combined Internal Medicine and Emergency Medicine training. He had a noble calling: to serve underserved populations both nationally and globally while conducting research on health interventions for vulnerable communities.

He was about to embark on a month-long rotation at an Indian Reservation out west—a soft job interview for an ER role requiring ten shifts per month. The position came with W-2 employment benefits, including Public Service Loan Forgiveness (PSLF) eligibility, a fantastic perk for someone still carrying significant student debt.

But what truly excited me was his plan to job stack—working as a W-2 employee at the reservation while taking on independent contractor (1099) work back home on the East Coast. His plan allowed him to:

• Eliminate debt efficiently

• Stay true to his mission-driven career

• Maintain professional autonomy

• Develop multiple income streams

• Optimize his tax strategy through a micro-corporation

This is the future of medicine, and more physicians need to embrace it.

The Rise of Job Stacking in Medicine

More and more physicians, especially younger doctors, are rejecting the outdated model of working one full-time job for a single employer. Instead, they’re strategically blending W-2 and 1099 work to maximize their income, flexibility, and professional fulfillment.

Job stacking isn’t just about money—it’s about control. Here’s how it changes the game:

1. Preserves Your Professional Autonomy

One employer shouldn't have complete control over your career and the trajectory it takes. Imagine the freedom and empowerment that comes from stacking jobs, a strategy that allows you to diversify your work life and expand your horizons.

By having multiple sources of income and opportunities, you ensure that no single entity dictates how, when, or where you work. This approach not only gives you the flexibility to explore different industries and roles but also keeps you in the driver's seat of your professional journey with an exhilarating sense of autonomy and control. You become the architect of your own career path, designing it with creativity and purpose while embracing a world full of thrilling opportunities!

2. Maximizes Your Tax Efficiency

Your W-2 income often feels like it's under siege by taxes, with deductions seeming as elusive as a mirage in a desert. The limitations can be frustrating, leaving you with little room to maneuver and save more of your hard-earned money. However, imagine transforming the way you handle your 1099 income by channeling it through a micro-corporation.

This savvy move opens up an exciting world of financial possibilities where tax deductions abound like treasures waiting to be claimed. Not only do you gain access to an array of deductions that can lighten your tax burden significantly, but you also unlock the potential for enhanced retirement benefits and expense write-offs that make managing your finances far more efficient. It's like discovering a secret passageway in the labyrinth of tax regulations that leads straight to improved financial health and prosperity!

3. Builds a Thriving, Sustainable Lifestyle

Imagine breaking free from the constraints of a traditional 40+ hour workweek and embracing a more flexible, dynamic approach to your professional life. Instead of being tied down by rigid schedules, you have the exhilarating opportunity to batch shifts in a way that maximizes efficiency and productivity. This newfound flexibility allows you to take meaningful time off, where you can truly relax and recharge, rather than just squeezing in rest between endless tasks.

You have the power to structure your work life in a manner that not only supports but also enhances your well-being and aligns with your personal priorities. Whether it's spending more time with family, pursuing hobbies, or simply enjoying moments of peace, this approach empowers you to live a balanced life filled with joy and purpose.

4. Accelerates Wealth Building

When you blend the reliability of a steady W-2 salary with the lucrative potential of high-revenue 1099 work, you embark on an exhilarating journey toward boosting your income at an unprecedented pace. This dynamic combination allows you to accelerate your financial growth and swiftly transition from a negative net worth—often a familiar scenario due to burdensome med school debt—to achieving financial independence far more quickly than you might have imagined.

With each paycheck and contract payment, you're not just earning; you're building a robust financial future that empowers you to take control of your life’s trajectory and pursue the dreams you've long envisioned.

The Key to Job Stacking Success: Your Micro-Corporation

To make job stacking work, you need a micro-corporation—a simple legal structure that allows you to channel your 1099 income through a tax-efficient business entity.

With a micro-corporation, you can:

• Deduct business expenses (e.g., licensing, CME, equipment)

• Pay yourself strategically to minimize taxes

• Set up powerful retirement savings accounts

• Protect yourself with corporate liability shielding

This isn’t just theory—it’s a proven strategy that countless physicians are already using to take control of their careers and finances.

Make the Leap: Join SimpliMD Today

If you’re ready to stop the insanity of working just one job for one employer and start designing a career that works for you, SimpliMD is here to help.

Become a SimpliMD member today for just $99 and gain access to over $2,500 worth of business products designed to help you launch and optimize your micro-corporation.

👉 Join Now

Learn How to Build Your Micro-Corporation

Want step-by-step guidance on creating your Practice Without Walls? My $199 course, Creating a Practice Without Walls, walks you through setting up a micro-corporation, helping you gain agency in the marketplace and escape the traditional employment trap.

👉 Enroll in the Course

Stop Settling

Stop settling for less than you deserve! It's time to seize the reins of your career and take control of your professional journey. Embrace the exciting concept of job stacking, where you don't just rely on a single job or income stream but strategically layer multiple roles or gigs to maximize your potential and earnings.

Imagine how empowering it would be to diversify your skills, expand your network, and increase your financial stability by exploring various opportunities simultaneously. Job stacking is not just a trend; it's a dynamic approach to work that encourages you to think outside the box and redefine what success looks like in today's fast-paced world. So why wait? Dive into the thrilling world of job stacking and watch as new doors open, offering endless possibilities for growth and achievement!