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, by Dr. Cory S. Fawcett
Free Ebook , by Dr. Cory S. Fawcett
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Product details
File Size: 2060 KB
Print Length: 172 pages
Simultaneous Device Usage: Unlimited
Publisher: Aloha Publishing (October 17, 2016)
Publication Date: October 17, 2016
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B01MEGTP27
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Amazon Best Sellers Rank:
#72,534 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Dr. Fawcett nails it! I've always been "good" with money, but Dr. Fawcett teaches the average doctor/ healthcare practitioner how to be great in terms they can routinely understand. He helps both those on the fence about whether or not they can make the changes to become debt free as well as those who have committed but may be missing a few key factors. With hundreds of thousands of dollars in debt, a late start into the working world, and an expectation to keep up appearances, doctors need this information said in a certain way. As a surgeon by training, Dr. Fawcett tells it like it is from a place of compassion. The "Dr. Jones" of the world are going broke. Debt is a disease. The "stuff" we accumulate isn't usually worth what we pay for it in terms of lost time and stress. Thank you, Dr. Fawcett!
After spending many of years in medical school, residency and working for long hours as attendings, getting out of debt and reaching financial independence may not be second nature for many of us. As he mentions in this book: "We've become numb to debt". If you spent a lot of time and effort becoming a physician and earning your pay, the bank does not deserve it more than you. "Doctors Guide to Eliminating Debt" is loaded with genuine and helpful advice. Getting a spending plan, staying out of debt and moreover, making compound interest work in your favor will definitely help you to get ahead of the game for the years to come. Learning to recognize biased advice was a great tip at least for me from someone who shares the profession and understands physician-specific financial aspects we deal with. Highly recommended! Thanks again Dr. Fawcett!
I have read numerous books on debt management, financial management, physician debt management, etc, and this is the best one I have found. Dr. Fawcett makes a powerful case for getting out of debt as quickly as possible after residency, including paying off the mortgage early. The book is very motivating in a lasting way—I read this 9 months ago but still have the same fire and passion to be debt free that it reignited. Thank you, Dr. Fawcett!
I am a physician and maximize my tax deferred accounts but after I paid off my student loans I couldn't make up my mind what to do with the rest of my surplus of after-tax money . Conventional wisdom teaches us NOT to pay off our mortgage and instead invest it in other instruments to get a better return. So I was hesitant to get rid of this debt. I then purchased Dr. Fawcett's book and it was worth 100 times what I paid for it. Because it opened my eyes to the reality that becoming debt free beats any return in the markets.Reading Dr. Fawcett's book helped me clarify my number one financial priority - to have no debt by age 40. If I can manage to do this I will have so many options. I can quit my contacted position. Work locums. Work only day shifts. Spend more time with my child. Develop myself outside of medicine, even change careers. Take better care of my health. Options and freedom, not dollars are the real return of paying off debt, and are priceless.Thank you Dr. Fawcett for hitting this point home for me by sharing your experience and wisdom. You have certainly changed the trajectory of my life for the better.
Great read! Much of it is information that I already knew, but needed the reminder. There are a lot of useful gems in this book! I read it in my fourth year of medical school and plan to apply what I learned as I have just started residency.
I'm a dentist and an avid reader. I bought this book after seeing it mentioned on a blog (maybe white coat investor?). I read a lot of financial books and listen to a lot of dave Ramsey. Currently we are in the process of paying down massive debt. This book just reiterated all the concepts of building wealth and gave some good examples to keep the momentum going. I think it's a really good read for docs early in their careers to avoid some mistakes we made. However... there's something in it for everyone regardless of where you are on your journey.
I read this book in one sitting, but gained enough knowledge to feel I had been reading for days! A definite MUST read for any physician trying to turn the tide in his/her financial situation!
I really enjoyed this book. Dr. Fawcett makes a compelling argument for the benefits of living debt free and dispels a lot of myths about investing vs. paying down debt. An excellent companion piece with the WCI book. Thanks Dr. Fawcett!
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