The Financially Intelligent Physician


Book Description

To be successful and keep your doors open in the ever-changing market, you must know how to run your practice effectively according to sound financial principles. Is it time you learned how to make your practice more profitable? All you need is for someone to show you a proven process.




The White Coat Investor


Book Description

Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!




The Doctors Guide to Real Estate Investing for Busy Professionals


Book Description

What You Don't Know About Real Estate Investing . . . . . . Could cause you to miss the greatest opportunity you'll ever have for growing passive income. As a busy professional, you can still have time to buy and manage a real estate investment--if you know how. It's no different from managing any other business: choose what you can do and hire someone to do the rest. With this book, you'll learn how to oversee a property management company and how to manage dozens of units yourself in less than 15 hours a month. In the fourth book of The Doctors Guide series, Dr. Cory S. Fawcett shows you how he managed five apartment complexes as a full-time surgeon-and what he learned along the way: -How to evaluate the profit potential of a real estate investment -How to create passive income without the restrictive IRS spending rules of a 401(k) -How the depreciation boosts your rental income "This is the book I wish I had before I started investing in rental properties. Everything a new investor needs to know is in this book." --Dan Lane, Rental Income Podcast "A book written with surgical precision on how to succeed in residential real estate investing." --J. Brant Darby, DDS Dr. Cory S. Fawcett is a consultant, speaker, award-winning author, entrepreneur, and repurposed general surgeon. He has been involved in more than two dozen business and real estate ventures. His passion for teaching personal finance and helping doctors lead happy and debt-free lives spans his entire career. His mission is to eliminate burnout, debt, and bankruptcy among physicians, dentists, and others in the healthcare industry through keynote speaking, writing, and one-on-one coaching.




The Physician's Guide to Investing


Book Description

I met Bob Doroghazi when he dropped the first draft of his manuscript of The Physician’s Guide to Investing: A Practical Approach to Building Wealth at my office. I will have to admit I was a bit skeptical: a physician writing a book on investments? During that first meeting with Bob, it became evident that he had been a successful physician and a successful investor, so I agreed to take a look at the book. I was in for a pleasant surprise. Bob’s manuscript was easy to read and had specific advice useful to physicians, interspersed with lots of practical tidbits for any investor. Having written three college-level finance and investment texts, I was excited to be in on a project aimed at offering practical investment advice to a more general, yet specialized, audience. I had high expectations for the book and am pleased to say that I believe Bob has delivered a book that every physician interested in building wealth and protecting assets should read. Bob is a straight shooter; he tells it like he sees it in his book. Some doctors might be indignant on reading his statements, such as “Physicians sometimes have no idea of their limitations. This type of arrogance and ego can result in investing disaster.” However, if you do have these limitations (and most professionals, even college professors, do), then reading Bob’s book will help you recognize situations in which they can lead to poor investment decisions.




What Doctors Feel


Book Description

“A fascinating journey into the heart and mind of a physician” that explores the doctor-patient relationship, the flaws in our health care system, and how doctors’ emotions impact medical care (Boston Globe) While much has been written about the minds and methods of the medical professionals who save our lives, precious little has been said about their emotions. Physicians are assumed to be objective, rational beings, easily able to detach as they guide patients and families through some of life’s most challenging moments. But understanding doctors’ emotional responses to the life-and-death dramas of everyday practice can make all the difference on giving and getting the best medical care. Digging deep into the lives of doctors, Dr. Danielle Ofri examines the daunting range of emotions—shame, anger, empathy, frustration, hope, pride, occasionally despair, and sometimes even love—that permeate the contemporary doctor-patient connection. Drawing on scientific studies, including some surprising research, Dr. Ofri offers up an unflinching look at the impact of emotions on health care. Dr. Ofri takes us into the swirling heart of patient care, telling stories of caregivers caught up and occasionally torn down by the whirlwind life of doctoring. She admits to the humiliation of an error that nearly killed one of her patients. She mourns when a beloved patient is denied a heart transplant. She tells the riveting stories of an intern traumatized when she is forced to let a newborn die in her arms, and of a doctor whose daily glass of wine to handle the frustrations of the ER escalates into a destructive addiction. Ofri also reveals that doctors cope through gallows humor, find hope in impossible situations, and surrender to ecstatic happiness when they triumph over illness.




Financial Freedom Rx


Book Description

"Financial Freedom Rx is a book directed toward physicians and their unique financial situation. This book provides specific guidance on where you should put your next dollar depending on where you are financially in life. The goal is to help readers achieve financial independence and peace of mind"--




The Young Physician's Guide to Money and Life: The Financial Blueprint for the Medical Trainee Undo


Book Description

Doctors thrust into residency usually must repay hundreds of thousands of dollars in student loans, but most do not have the financial or business education to help them on their journey. In The Young Physician's Guide to Money and Life, the authors share proven systems and strategies to help aspiring, new, and practicing physicians plot a path to financial freedom. Learn how to: - keep more of your hard-earned money while paying off school loans faster; - employ strategies that could save you tens of thousands of dollars; - avoid getting stuck in investment traps that cost you money; and - earn a higher income by following the ten commandments of contract negotiation. You'll also read two case studies that show how two different physicians paid off their student loans before turning thirty-five so they could retire when they were young and healthy.




Physician Suicide Letters Answered


Book Description

In Physician Suicide Letters-Answered, Dr. Wible exposes the pervasive and largely hidden medical culture of bullying, hazing, and abuse that claims the lives of countless medical students, doctors, and patients. Now-for the first time released to the public-here are private letters and last words from our doctors who could no longer bear the pain of an abusive medical system. What you don't know about medical training and culture can kill you. Dr. Wible takes you behind the white coat and into the mind, heart, and soul of our doctors-and provides answers.




Start with No


Book Description

Start with No offers a contrarian, counterintuitive system for negotiating any kind of deal in any kind of situation—the purchase of a new house, a multimillion-dollar business deal, or where to take the kids for dinner. Think a win-win solution is the best way to make the deal? Think again. For years now, win-win has been the paradigm for business negotiation. But today, win-win is just the seductive mantra used by the toughest negotiators to get the other side to compromise unnecessarily, early, and often. Win-win negotiations play to your emotions and take advantage of your instinct and desire to make the deal. Start with No introduces a system of decision-based negotiation that teaches you how to understand and control these emotions. It teaches you how to ignore the siren call of the final result, which you can’t really control, and how to focus instead on the activities and behavior that you can and must control in order to successfully negotiate with the pros. The best negotiators: * aren’t interested in “yes”—they prefer “no” * never, ever rush to close, but always let the other side feel comfortable and secure * are never needy; they take advantage of the other party’s neediness * create a “blank slate” to ensure they ask questions and listen to the answers, to make sure they have no assumptions and expectations * always have a mission and purpose that guides their decisions * don’t send so much as an e-mail without an agenda for what they want to accomplish * know the four “budgets” for themselves and for the other side: time, energy, money, and emotion * never waste time with people who don’t really make the decision Start with No is full of dozens of business as well as personal stories illustrating each point of the system. It will change your life as a negotiator. If you put to good use the principles and practices revealed here, you will become an immeasurably better negotiator.




Why Doctors Don't Get Rich


Book Description

Do you feel trapped or wish you had more control over your life? What would you do if you had the time and financial means to pursue your wildest dreams? Why Doctors Don't Get Rich is your first step to discover the answer. With Foreword by Robert Kiyosaki, author of Rich Dad Poor Dad, you will discover the wonders of passive income investing and the freedom it creates. Find your path to financial freedom with this beginner's guide to passive income, written by a doctor who has walked in your shoes and wants you to achieve greatness. Written for YOU - this self-help roadmap to wealth takes you on a journey that will transform your relationship with money and transport you to the life you always dreamed of.