Money is not the reason most of us choose medicine, but it shapes the life you can build. In this Med Path episode, Dr. Dave Watson gives a clear look at physician pay in 2025 and turns big questions into simple next steps.  You will hear how specialty choice affects income, why geography changes your take-home, what to know about persistent pay gaps, and when private practice can outperform employment. We also cover student loan strategies that actually help, realistic income growth over time, and four practical money rules for new attendings. What you will learn: - Which specialties sit at the top of the pay scale and why procedure volume matters - How location, taxes, and cost of living change real take-home pay - How and why demographic pay gaps persist, and what to do when you negotiate - Private practice vs employment, including risk, reward, and autonomy - The programs that move the needle on loans, including PSLF and state options - How physician income typically grows in years 5 to 10 - Four simple money rules that buy you freedom and options For the numbers and links mentioned, see the companion guide in the notes. Show notes  - Companion guide: https://medicalaid.org/blog/how-much-do-doctors-make-physician-salaries/ —  - https://www.spreaker.com/podcast/med-path-with-dr-dave-watson-podcast--6605276 —  Disclaimer: Salary figures discussed are broad summaries and may vary by role, market, contract, and productivity. This episode is for education, not financial or legal advice. Additional Reading - https://medicalaid.org/blog/medical-school-prep-pros-cons-pitfalls-and-tips/ - https://medicalaid.org/blog/useful-tips-to-help-you-become-a-nurse/ - https://medicalaid.org/blog/how-healthcare-verification-protects-and-empowers-health-professionals/ - https://medicalaid.org/blog/will-grad-school-help-you-get-into-medical-school/ - https://medicalaid.org/blog/why-should-you-complete-a-pre-med-program/

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