Recommended Reading: Where To Start

Here are some books that have been helpful in our journey towards financial independence (I will update as I find more gems):

The White Coat Investor: A Doctor’s Guide To Personal Finance And Investing
Where everything started for me in terms of my interest in personal finance. An excellent starting point for any physician interested in personal finance.

If You Can: How Millennials Can Get Rich Slowly: A newer e-book offering by William Bernstein (a retired neurologist). This is a great introduction to personal finance for anyone intimidated by investing. Dr. Bernstein’s other books and articles are also excellent. He writes in plain, common-sense language that is easily understood.

How to Think About Money: Another common sense book, written by long-time WSJ columnist Jonathan Clements. Eminently readable, this makes a great introduction to personal finance.

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy: Thomas Stanley and William Danko’s classic book that makes a compelling argument against lifestyle creep. A recommended read for the senior resident/junior attending.

A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing: Burton Malkiel’s classic, updated. I was initially intimidated by the size of this book and Dr. Malkiel’s academic pedigree but this is a readable and even entertaining look at investment strategy and why passive investing through index funds is a proven winner.

The Doctor’s Guide to Eliminating Debt: While conventional wisdom would tell you to invest as much as possible and forego paying off low interest debt, Dr. Cory Fawcett makes a compelling argument for the benefits of paying off your mortgage as soon as possible (along with all other debt).