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Someone who's played the game a lot more, may have a different opinion, but that's my 2 cents.
Edit: And having seen a new path opened up after Inspector Minor Victory that removed Physician from my options, the other thing you can do is "Purge Save" if you want to default back to initial game as if you never beat it.
By running G&G on repeat you can generate a stockpile large enough to depend on until you can use your newly acquired skills to become filthy rich (i.e. carry you through the middlegame).
The G&G job decays over time so it occupies your work slot unless you are willing to risk a demotion. That's why I usually give it up in the lategame when I need work for different things and can sustain myself through talking, studying and exploring.
A position at the institute gives you a reliable source of income as it does not decay. The funds at 2/60sec are somewhat lower than G&G can be. This might slow you down moneywise but does not give you the hassle with promotion & decay.
You can get G&G while keeping the position. If you want, you can just try it out and always can go back to your medical job.
Perhaps you should reconsider your spending habits instead. Are you buying books faster than you can read them? Do you constantly spend funds to counter Dread instead of getting rid of Restlessness before it decays? Do you set up Expeditions early and with poorly matching skillset on the members, so they have to try over and over and over again, dragging the expedition out and forcing you to heal them?
Once you've acquired some connections and learned enough lore, you can start doing comissions, which is a good way to get various currency. But you will be way past early game by the time you can rely on that.
Having one of them is a good investment.
If you want to level up your reason the fortune teller is a good investment, her augury often gives erudition.
Expenses out < money in. Physician is by far the easiest way to maintain a consistent cash flow. If you're low on money, just tone down your expenses for a little while.