A FIRE’d surgeon, Cory Fawcett, MD, has written many finance books aimed directly at physicians. DH and I have enjoyed Dr. Fawcett’s books. The latest one, Navigating a Financial Crisis, is just as good, if not better than his previous books.
Bonnie Koo, MD of Wealthy Mom MD has written a finance book for females. Before I tell you about my book review, let me tell you about Dr. Koo. She’s a board-certified dermatologist best known for being passionate about teaching personal finance strategies designed specifically for women physicians since 2016. Dr. Koo has gone on to become a certified life coach with The Life Coach School.
I’ve been so excited for years for this book to come out because I knew she had a great money book for women—and the specific challenges women face with money—in her. So I eagerly loaded Dr. Koo’s book up the first chance I got and listened to it while driving from Tampa to Gainesville.
“If you don’t make time for exercise, you’ll probably have to make time for illness.”-Robin Sharma.
As I went about trying to Improve my overall health these past eighteen months, I focused on reading books about habits and how to think better. That’s because I knew if I could control my thoughts and manage my daily habits, then I’d see the quality of my life improve tremendously—which it has.
Only the most helpful books made it onto this list. Don’t worry, I won’t tell you about all 128 books I’ve read since the start of the pandemic. 😉 There are a lot of strategies I employed to be able to read so many books. First, I rarely watch TV and I read before bed.
The biggest reason I was able to ‘read’ so much was that I finally acclimated to audiobooks. I use the Overdrive or Libby apps with audio loans from our local library. On Amazon Prime Day, I also bought audio books on sale that our local library didn’t have.
If you’re burnt out from Covid and contemplating exploring nonclinical options, this book is for you. 50 Nonclinical Careers for Physicians is full of information on finding fulfilling, meaningful, and lucrative alternatives to direct patient care.
Dr. Sylvie Stacy wrote a much more comprehensive, and up-to-date book than this book review I did here.Physicians in Transition was a dated compilation of twenty-five interviews with physicians who quit clinical medicine and explored other ventures as ways to not only make money, but find more fulfilling careers.
“It is unlikely that your actual path through life will match the exact journey you had in mind when you set out. It makes no sense to restrict your satisfaction to one scenario when there are many paths to success.” – Atomic Habits
This post may sound a bit tone-deaf in our current climate, as it explores physicians leaving clinical medicine. However, this blog was written last fall and is only now seeing publication as I have a one week break in my regular (fiction) writing schedule. And judging by the eye-popping number of “I quit” posts from doctors that I’ve seen recently in my Facebook feed—as well as reading a thought-provoking blog by a pharmacist who’s taking a COVID Sabbatical—I decided to go ahead and publish this post.
Often when a blogger drops off the face of the earth, it’s because something happened, like divorce or else health issues, like a Glioblastoma. For DH (Dear Husband) and I, it’s been something else entirely. Or somethingS else. Over the past few months, I feel like we’ve been barely treading water with massive waves overcoming us. But, like a Chumbawamba song, every time we get knocked down, we’llget back up again.
Does anyone else have fond recollection of the classic Hasbro board game Monopoly? I was playing it the other day with my two children who adore the game. Both of them particularly loved being affectionately labeled “money bags” when they were doing well—a term given to me on a few occasion in my distant memories from childhood.
The game is pretty straightforward: you buy good properties, try to maximize their earning potential with plastic green houses and red hotels. Eventually you reap the rewards when others rent them and have to pay you. It was simple. As a child, I envisioned doing the same someday in real life.
I want my readers to think of themselves as being fully capable of learning about finances so they can take control of their money and hence live their fullest lives. By living your fullest life you can meaningfully contribute to society and change the world. So I say: start today, take that first step, commit to reading your first (or your fortieth) book on finance this week, promise yourself you’ll have it done by next week. Put it on your to-do list and go change the world. And if you’re looking for where to start, take a look at The White Coat Investor’s (WCI) Financial Boot Camp.