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The Doctors Guide to Eliminating Debt
The Doctors Guide to Eliminating Debt will show medical professionals how to pay off debt faster than imagined—including the mortgage. Too many doctors carry perpetual debt and give away a large chunk of each paycheck as interest. Being in debt does not have to be a default condition, and it’s never too late to change the course of a financial condition. Being debt-free is empowering, liberating, and invigorating, but most doctors don’t realize they can do it without significant sacrifice.There is a way out from being trapped by financial obligations. This book lays out practical steps drowning in debt in four easy stepsPay off student loans and your house—faster than expectedHelp recognize biased financial adviceBalance spending, loan repayment, and investingMake compound interest work for you, instead of against youRetire sooner than expectedThis second book in The Doctors Guide series shows how to establish control of your money—and ultimately one’s life. See how it can help any healthcare professional navigate their way out of debt.Praise for The Doctors Guide to Eliminating "The best way I can describe this book is Dave Ramsey for doctors . . . If you're a high-income professional and you have debt of any kind, I think you ought to read this book." —James M. Dahle, MD, The White Coat Investor“I wish I had read this way earlier in my journey to learn about finances… I highly recommend it to anyone trying to get started with understanding money.” –The Frugal Physician“Do yourself a favor and let Dr. Fawcett’s excellent book be your guide to get out from the financial hole you found yourself in.” –The Wealthy Doc“Repurposed” general surgeon Dr. Cory S. Fawcett is on a mission to eliminate burnout, debt, and bankruptcy among physicians, dentists, optometrists, nurse practitioners, and others healthcare professionals through keynote speaking, writing, and one-on-one coaching. Throughout his career, he’s been passionate about helping doctor's live healthy, happy, and debt-free lives and regain control of their practices, their time, and finances. Dr. Fawcett is a consultant, speaker, award-winning author, and entrepreneur. He has been an owner, founder, or partner in more than two dozen business and real estate ventures. Dr. Fawcett can be found at www.financialsuccessmd.com.
- GenresFinance
172 pages, Kindle Edition
Published October 17, 2016
83 people are currently reading
69 people want to read
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Displaying 1 - 10 of 10 reviews
February 26, 2017
Biggest take home point was eliminating all debt, including mortgage. "Once you grow accustomed to having debt, it becomes easier to accept debt in other areas of your life."
The beginning was good, and relating debt to workup of a medical condition "debtmentia" and "malignant credit carcinoma" got a chuckle. I also liked the catchy ideas like, "every phase of your life: learning years (school), earning years (working), and burning years." The end seemed to get a bit repetitive. A good read.
The beginning was good, and relating debt to workup of a medical condition "debtmentia" and "malignant credit carcinoma" got a chuckle. I also liked the catchy ideas like, "every phase of your life: learning years (school), earning years (working), and burning years." The end seemed to get a bit repetitive. A good read.
May 25, 2020
A Wonderful Guide to Prioritizing Financial Goals
I loved this book. I especially loved the way Dr. Fawcett tackled the financial advisor trope about investing before paying debt because “you make more interest investing.” Not true when you factor in how much more you have to earn to hold onto that debt long term. (Not to mention the current situation on Wall St.) I also like the plan he lays out. I did my calculations and I’ll be done w/debt very soon. I never even entertained the concept of paying off my mortgage, but now I understand it’s do-able. Thanks Dr. Fawcett!!
I loved this book. I especially loved the way Dr. Fawcett tackled the financial advisor trope about investing before paying debt because “you make more interest investing.” Not true when you factor in how much more you have to earn to hold onto that debt long term. (Not to mention the current situation on Wall St.) I also like the plan he lays out. I did my calculations and I’ll be done w/debt very soon. I never even entertained the concept of paying off my mortgage, but now I understand it’s do-able. Thanks Dr. Fawcett!!
September 14, 2019
I appreciate your responsible perspective
I am a CRNA. I find some of the financial advice meant for generally lower income individuals to not be applicable to me & my income. I find some of the advice for physicians to be irresponsible. Your book is a happy medium. I appreciate you putting into consideration the higher income audience that you are targeting while also encouraging debt payoff before aggressive investing. Thank you
I am a CRNA. I find some of the financial advice meant for generally lower income individuals to not be applicable to me & my income. I find some of the advice for physicians to be irresponsible. Your book is a happy medium. I appreciate you putting into consideration the higher income audience that you are targeting while also encouraging debt payoff before aggressive investing. Thank you
May 13, 2023
Five stars!
Although not an MD, I am an NP who values the information in this book. If only all of our colleagues were better educated earlier in our careers, I do feel things could be very different for a lot of us. Such valuable info, easy to read ~ very thankful to have stumbled across this book and all of its knowledge. Helped me to refocus my plan at a time when the debt became completely overwhelming.
Although not an MD, I am an NP who values the information in this book. If only all of our colleagues were better educated earlier in our careers, I do feel things could be very different for a lot of us. Such valuable info, easy to read ~ very thankful to have stumbled across this book and all of its knowledge. Helped me to refocus my plan at a time when the debt became completely overwhelming.
June 14, 2018
Its a fine book...there’s nothing wrong with it. The problem is that there’s absolutely zero new info here if you’ve been around the debt-free or personal finance community for longer than 30 seconds. It’s the same info regurgitated over and over again.
July 2, 2017
Student loans be gone!
A quick, inspiring read. I'm already working on eliminating debt, but this book essentially acts as a cheerleader! Worth the small amount of time to read.
A quick, inspiring read. I'm already working on eliminating debt, but this book essentially acts as a cheerleader! Worth the small amount of time to read.
April 15, 2018
Recommend!
Eye opening and motivating. This is a quick read that can really help you set up a plan to get out of debt fast and forever.
Eye opening and motivating. This is a quick read that can really help you set up a plan to get out of debt fast and forever.
October 13, 2020
Good book on the basics of debt management and the mindset to get debt free. The Dave Ramsey of doctor debt. Bit too basic especially after having read others.
January 18, 2022
A good book for a younger doctor or med student. Gives more of a general guideline in how to go about tackling debt.
October 11, 2018
It’s motivating. I’ve heard debt free radio before but this does put it in a different perspective. My goal was to eliminate loans quickly but now I will look at mortgages differently .
Displaying 1 - 10 of 10 reviews