Why read this book?
Physicians have to play catch up
The average U.S. physician begins their career with almost $200,000 in debt. There is also a delay to earning an attending salary. These two factors result in doctors falling behind in investing and growing wealth, despite their high earning potential.
Physicians are not financially prepared
Medical education may teach you everything about the human body, but most doctors learn about finances through a combination of self-study and trial-and-error. This book seeks to help you avoid mistakes by giving you the financial education our field never provided.
Growing wealth does not have to be complicated!
Frankly, most physicians are intimidated by the alphabet soup of acronyms and terms littering the financial world. However, growing wealth can be distilled down to a simple, step-wise plan. Our book provides that plan as well as a checklist to keep track of your progress.
Financial Freedom Rx: The Physician’s Guide to Achieving Financial Independence is a step-by-step guidebook for doctors and other medical professionals about growing and preserving wealth. Financial Freedom Rx: The Physician’s Guide to Achieving Financial Independence gives physicians all the tools necessary to manage their own finances.
Medical professionals, especially doctors, spend many years in training as they accumulate debt and delay their earnings. This book presents a time-tested formula that students and established professionals can follow at any stage during their careers to achieve fiscal peace of mind. Students will learn how to budget and adopt disciplined financial practices. Residents and other trainees will learn how to defend against calamity with various insurances and how to manage debt. Junior professionals will acquire the skills needed to invest and grow their portfolios, while senior professionals will better understand the essentials of estate planning and retirement.
We wrote this text to guide physicians where to put their next dollar. This is particularly important during the financial uncertainties brought by COVID-19 and insurance cuts. Financial Freedom Rx sets forth principles that will pilot medical professionals towards financial independence.
Chapters include useful advice on topics such as:
Financial planning
Investing and asset allocation
Jobs and contracts
Taxes and insurance
Student loans and debt
Retirement savings and distributions
Financial Freedom Rx: The Physician’s Guide to Achieving Financial Independence serves as a timeless blueprint for financial planning that medical professionals will follow throughout their careers, and as a reference that readers will revisit again and again as they progress through the various stages of life. We appreciate you visiting our website, where you can learn more information about the book and the authors. You can also contact us with any questions using the form below. Good luck!