Written by the best-selling author of The White Coat Investor, A Doctor's Guide to Personal Finance and Investing, Financial Boot Camp contains step by step instructions that will take you from zero to hero in twelve easy steps. Despite not receiving any business, financial, or investing education during the long years of school and residency, a minority of doctors become financially literate and convert their high income into real wealth. That wealth then allows them to practice medicine or dentistry free from the financial constraints of their peers. They can focus on their patients, their families, and their health. They can build lives of purpose, meaning, and happiness. This financial independence dramatically reduces the financial stress and burnout that plagues modern medicine and dentistry. Financial Boot Camp will teach you what you need to know to joint the ranks of these financially secure doctors. It starts at the very beginning and is filled with straight talk and clear explanations. Although appropriate for the financial novice, it also contains advanced concepts unknown to many financial advisors. Besides giving you the information you need, the included anecdotes from real doctors will also inspire you to finally take action and get control of your financial life. This book will show you how Take a look at the first pages of the book by clicking on the Look Inside feature! Praise For Financial Bootcamp "This book should be required reading for every medical student and physician" – Bonnie Koo, MD "A high yield overview of how to get your finances in order, applicable to both new residents/fellows and experienced attendings" – Jimmy L. Kerrigan, MD "An invaluable resource for educating yourself on how to become a financially savvy and independent physician without over complicating things" – Genell and Rachel Wheeler, DO "This is the first time we actually started acting and taking control of our finances and we now have a financial plan" – Laura Money "I graduated dental school knowing less then nothing about investing and financial planning. Your book has been instrumental in giving me the keys to become financially independent within 7-10 years" – Alexander Bogler, DDS "It is hard to overestimate how much better off my family is financially due to the education I received from Dr. Dahle" – Kyle Myers, MD Scroll up, click the buy button, and get started today!
This book is excellent for its category—personal finance for young physicians. If you are a resident, or a young attending, you need to read this book. Or instead you can read 50 other books on investing and personal finance. Or just work an extra 10 years to make up for the financial mistakes you’ll make. It’s up to you. I know you have a ton of material to read already, but this is high yield, and well worth the time.
Read in 2019 and reread in 2023. Still high yield.
A great sequel to the first one, which provided more of a historical background and overview/primer on various financial topics. This book gave a little more depth in some areas, but less depth in others. I think it complements the first book well in this way. Both are great for covering a broad range of financial topics in an easy to understand and practical way.
Solid book. The only way I know to undo a bad career decision of choosing medicine or to find freedom from the hard work is financial independence. Apparently there is another way, to find the kind of work which you enjoy do much that it's not considered work. I've looked, haven't found it yet.
It has more than the first book. I would say just read this one instead of the first book. It does have some actionable things but it doesn't really teach you enough about investing. It's mostly telling you the importance of buying disability insurance and then ways to reduce debt so that your earning potential can be unlocked.
As with all things from the Dahle/white coat investor, you’ll get good sound advice that is well presented.
If you’re new to personal finance this is a great place to start. If you’ve been following his blog and read his other book, there’s not much more to learn from this book. There are some nice checklist and examples of financial plans.
As with the blog, there are some clear examples in this book where he’s encouraging you to use his sponsors. I understand he has vetted these sponsors and this is how he makes money but it does appear almost as a conflict of interest.
This is a nice book to understand the basics of finances. I think this is a good first book to read as it explains various terms and gives the advice that is necessary to get financial affairs in order. I think if you read Dahle's first book early on enough, you will have a good plan already. This book touches on more mistakes and lessons for practicing physicians but both of his books, if read during medical school, would be very beneficial for many students.
Practical, comprehensive overview of areas that need to be addressed and managed starting from residency and going through retirement. Gives tangible examples and solid explanations without getting too bogged down. Also gives references for more in depth reading.
Such a well written book. This should be a requirement for medical students before graduation.
A surgeon was teasing me for my poor financial literacy, then recommended I read this book. A good look at the common missteps that young physicians make in their career (namely, spending like a wealthy physician immediately when they get their first big boy paychecks). I probably should come back to this later in residency 😬
I'm just starting to learn more about the importance of financial planning, not just budgeting. This is a wonderful resource for getting started. It's straightforward and honest. Plus the huge amount of references/further reading listed for each category is tremendously helpful.
The book is great, meant for people who are starting with almost no knowledge of how to handle their money. They have great QR codes to more detailed articles on their blog. Buying the book isn't totally necessary as all of the information is on the WCI website, but this provides it in a very organized way for beginners. Definitely recommend for any medical students and residents.
This book is an absolute must-read for medical students, residents, and early attendings. So much more insightful than the more general book we all received from WCI as medical students early on. This covers disability/life/malpractice/umbrella insurance, student loan plans, retirement accounts, common financial pitfalls of physicians, etc. Highly, highly recommend to anyone in medicine!!
If you are looking for an easy to read, step by step, do-it-yourself guide to securing your financial future, this book is perfect for you. Don’t bother if you are looking for get rich quick solutions or complicated schemes that might beat the market.
Maybe just updates from the OG white coat investor book would have been better but then this book would have been 10 pages and hard to sell. Okay review tho and likely great as an alternative intro to finance... Same purpose as the other book by author lol 3.5 stars
I have the same problem I had with the previous book. It needs more details on how to do things. I'm not talking about the excel math equations he places on the chapters. I'm talking about how to find a good lawyer or do things like an investment. It's still too basic.
Great follow-up read about 5 years after I read his first book in residency as I'm transitioning into mid-career having changed jobs a few times and gone through a partnership track.
Wonderful primer on getting the big picture financial items in order. No gimmicks. Must read not only for young doctors and professionals but probably everyone
Excellent book for the graduating medical student or resident with simple, concise instructions and helpful info for getting your finances in order. Good info about common pitfalls to avoid.
Great book for starting investing. Covers many of the intro concepts, goes deep where needed, and provides further resources for those wanting a deeper dive.