Today, I respond in detail to this question from a listener:
I have been really into personal finance for about 5 years now and am considering becoming a financial advisor, specifically with a large company like you used to work for.
I am currently a 31 year old physician making around $150,000. I have spent a long time preparing for my career, but I am always drawn to becoming a financial advisor.
The medical field is becoming increasingly draining with charting, liability, decreasing reimbursement, increased regulations etc.
The problem is in my career I can only make so much money. I can see some more patients everyday, but eventually you can only work so much and with that will just take more time.
I already work from 8am-8pm everyday not even including my commute. More patients would just add more time to that. Quite frankly, with the liability and difficult patients I see all the time, I don't think I am paid enough of a premium to take on the risks I take.