It goes without saying that you should be learning and reading books. But your DrSpouse works a ton, you’re juggling everything, and your to-do list is a mile long. There’s just not enough time in the day.
So if I am going to go out and suggest books to you, they have changed my life and they are going to change your life, too.
Without further ado, here’s the life-shattering list of books you need to read.
The holy trinity* of physician personal finance
My friend Crispy Doc dubbed three books as the holy trinity of physician personal finance. I couldn’t agree more. I have read all of them and they will teach you all you need as a new attending.
*don’t worry, it’s lowercase 🙂
1. Bogleheads’ Guide to Investing by Mel Lindauer, Michael LeBoeuf & Taylor Larimore
If you had to get just ONE book on finances, this would be it. It was the “a ha” moment that changed my life. Bogleheads is a tribe of people who have a very active Boglehead forum, which is like Wikipedia. Most of the information in that massive forum is condensed in this book. The book is a perfect mixture of technical with story-telling and it has enough information so you can act upon it to start investing.
2. The Four Pillars of Investing by William J. Bernstein
3. The White Coat Investor by Dr. James Dahle
Other great books that will change your life
The Final Hurdle by Dennis Hursch, Esq.
The Final Hurdle is about physician employment contracts and it’s imperative you read this before or as you interview. Even if you are planning to hire a contract attorney to review your contract, you need this book. The secret sauce to getting an amazing contract is that you must bring up negotiation points before the contract is written. Once the contract is written and handed to you, it’s mostly a done deal. Read this book, get an upper hand at negotiating. Read my book review here.
The Doctors Guide To Book Series by Dr. Cory S. Fawcett