Defining Wealth for Women by Bonnie Koo, MD: A Book Review

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.

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Why a FIRE Doctor Wants to Continue Working After We Re-enter our New Normal

(FIRE=Financial Independence Retire Early/Recreational Employment)

Why would a FIRE doctor who came out of retirement to work during a global pandemic want to continue working once it’s over?

Glad you asked. 😉

The first two blogs of this three-part series were the most emotionally difficult blogs I’ve written to date. Thankfully, this third blog was much easier to write since I have so many reasons why I want to stay in the medical workforce:

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Spending Habits for Professionals Who Want to FIRE: I wrote a book just for you.

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’ll get back up again.

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The Doctors Guide to Real Estate Investing for Busy Professionals: A Book Review by DH (a.k.a. Dear Hubby)

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.

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Why You’ll Be Happier if You Only Look at Your Portfolio Every Six Months

Today’s post is brought to you by DH, aka “Dear Husband,” though I’ve taken to calling him my “BHE” (Best Husband Ever). The timing of checking one’s net worth was a subject we were discussing while on Sabbatical in Colombia, and he decided to put it the why’s and how’s into written form, hoping you all would benefit from his research: Continue reading “Why You’ll Be Happier if You Only Look at Your Portfolio Every Six Months”

For the sake of your finances, you should read STRETCH

If you own a business or you ever felt like there’s more to life than just obtaining stuff, you should read STRETCH by Scott Sonenshein.*

 

The premise of this book is by unlocking the power of less, you’ll achieve more than you ever imagine—lifelong satisfaction can be gained from stretching resources instead of chasing more. He gives many examples of businesses who chased more resources ended up bankrupt, versus others that triumphed from stretching their existing resources.

 

A book summary (as my friends sometimes ask me for):

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