It surprises me how many healthcare professionals are clueless when it comes to finances and investing. We often spend too much time studying medicine that we fail to study finances and what to do with our income.
Most of the books below talk about some form of saving, spending, and investing. Here are the top finance books I enjoyed reading and recommend depending on your interests.
1. The White Coat Investor by Dr. James Dahle
Financial book targeted towards healthcare professionals on saving and investing.
2. I Will Teach You to be Rich by Ramit Sethi
I like this book because it doesn’t only talk about the obvious things like save save save. It talks about automating your finances so that you do not have to think about it too much, and how to spend on things that are most important to you.
3. The Simple Path to Wealth by JL Collins
Great book for someone that wants to invest in the stock market but doesn’t know where to begin. He talks about how you can easily invest in index funds and why index funds will always increase in value.
4. Set for Life by Scott Trench
This is a good read for young professionals because it shows you the power of saving your first $25k and how that provides you with options.
5. Retire Early with Real Estate by Coach Carson
For those that are looking into investing in real estate, this is an easy read in how to get started.
6. Quit Like a Millionaire by Kristy Shen and Bryce Leung
This is about a young Canadian couple that retired early at 30 years old. They are now spending less than $40k a year traveling full time. Great read for someone that wants to be nomadic and how to get there.
7. Die with Zero by Bill Perkins
Great read for those closer to retirement. It talks about how you need less money to retire than you think and why you should take multiple mini retirements while you are young and your body is able to do things you wouldn’t able to do when you are older. Such as hiking, adventure sports, and traveling.
8. Taking Stock by Jordan Grumet
Written by a hospice doctor that helps you figure out your purpose in life and how your finances can shape that.
9. Cashing Out by Julien and Kiersten Saunders
Written by an African-American couple on how everyone should have a 15-year career and then begin another chapter in their life as an entrepreneur or retired person.
10. Financial Freedom by Grant Sabatier
This book is geared towards millennials and an example of how one can reach financial freedom early in life.
Feel free to email me once you’ve read some of these books to let me know your thoughts!
