Physician assistant and NP burnout is on the rise. We work in a broken healthcare system and are often burdened with excessive workloads, long hours, and salaries that are not commiserate with our worth. Research by the American Academy of Physician Assistants indicates that 50.6 percent of PAs with 5-9 years of experience consider themselves exhausted at work and 32.6 percent would consider themselves burned out. Interestingly enough, this same group also had the highest level of professional fulfillment at 72.8 percent. This data could be a source of added stress and anxiety or it can be used to motivate you on your journey to financial independence.
Debt can be an incredibly and sometimes the effects of debt aren’t really understood until they are gone. This kind of stress is not unique to clinicians however. Data published in 2017 by the Journal of Accountancy over 56% of people in one survey stated that debt was negatively impacting their lives. The problem is, like chronic pain, until it is gone, you often don’t realize how much it is affecting your life. Becoming debt free is too important to your overall financial health to be ignored.
I just wanted to write a short post of encouragement this morning for anyone beginning this journey. Educating yourself about finances and investing can seem overwhelming at times as can the debt you are trying to pay off. But this pathway is a worthwhile one. Being debt free allows clinicians to have the freedom to leave an unhappy job situation, or to stop working so many hours. What each of you do is incredible and the work is invaluable. Keep working towards the goal of financial freedom, remember the reasons you went into medicine, and continue to provide the best care possible for each patient. You will get there, once step at a time.