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This book addresses both the philosophical and more tangible actionable components of attaining financial well-being as a medical professional. In an engaging, narrative-driven format, it relays the importance of managing one's finances-even with the high salary of a doctor.
Money Matters in Medicine is an accessible, invaluable resource for early-career physicians who wish to incorporate intelligent money management skills in their development as medical professionals. Chapters include information on becoming financially literate, how to approach insurance, creating a savings rate, and the top mistakes most doctors make with their money. Though there are many financial self-help books in the market, this book stands out, as it rests on philosophies and core standards held by those in the medical community. It presents the strategies to promote financial well-being and ultimately help doctors become more effective physicians with financial freedom.
Thebook includes easy-to-understand guidelines and intuitive steps for readers to take massive action in their lives to improve their financial well-being.
List of contents
Chapter 1: Why do doctors need to know about personal finance?.- Chapter 2: Top mistakes that doctors make with their money.- Chapter 3: Becoming a financially literate physician.- Chapter 4: What is your why? .- Chapter 5: Protecting yourself is the first step.- Chapter 6: Learn to keep score.- Chapter 7: Harvesting net worth from our income starts with a budget.- Chapter 8: Dealing with our biggest liabilities.- Chapter 9: Securing your nest egg in 5 steps.- Chapter 10: Investing your money the right way.- Chapter 11: Invest in the right places.- Chapter 12: Spending is the key to your wealth.- Chapter 13: Increasing your clinical and non-clinical compensation.- Chapter 14: How doctors can successfully invest in real estate.- Chapter 15: A primer on taxes.- Chapter 16: Putting your personal plan together.
About the author
Jordan Frey, MDUniversity at Buffalo School of MedicineDepartment of Plastic & Reconstructive Surgery
Erie County Medical Buffalo, NY USA
Jordan Frey MD is a plastic surgeon in Buffalo, NY with a focus on complex microsurgery and breast reconstruction. At the end of his 11 years of medical training, Jordan realized that he was a burned out poor physician despite his high income with >$500.000 in debt, no savings or investments, and no financial education. That’s when Jordan and his wife, Selenid, began their financial comeback, increasing their net worth by over $1,000,000 in less than 2 years. The best surprise though was how improved financial well-being impacted their overall well-being and made Jordan a better doctor. Jordan then founded and runs The Prudent Plastic Surgeon blog with a goal of helping all healthcare professionals improve their financial well-being and achieve financial freedom.
Summary
This book addresses both the philosophical and more tangible actionable components of attaining financial well-being as a medical professional. In an engaging, narrative-driven format, it relays the importance of managing one’s finances—even with the high salary of a doctor.
Money Matters in Medicine is an accessible, invaluable resource for early-career physicians who wish to incorporate intelligent money management skills in their development as medical professionals. Chapters include information on becoming financially literate, how to approach insurance, creating a savings rate, and the top mistakes most doctors make with their money. Though there are many financial self-help books in the market, this book stands out, as it rests on philosophies and core standards held by those in the medical community. It presents the strategies to promote financial well-being and ultimately help doctors become more effective physicians with financial freedom.
Thebook includes easy-to-understand guidelines and intuitive steps for readers to take massive action in their lives to improve their financial well-being.
