The Young Physician's Guide to Money and Life: The Financial Blueprint for the Medical Trainee
by Dave Denniston CFA and Amanda Liu MD
by Dave Denniston CFA and Amanda Liu MD
The Young Physician’s Guide to Money and Life by Dave Denniston, CFA and the late Amanda Liu MD is a real and honest financial guide that makes you feel as if you have spent a week with a trusted friend who has been through everything in life. Denniston is a knowledgeable and experienced financial advisor, and Liu, a physician superwoman who took calculated risks in her life and career, making resourceful and creative financial moves that most of the book’s readers would never imagine thinking of.
The result is a book filled with sage financial advice specifically tailored for young physicians that is sprinkled with true stories of professional and financial successes and failures. There are practical tips about student debt, buying your first home, physician employment contracts, investing, and buying different types of insurance. Written in a way that is accessible even if you are not familiar with the basics, the chapters help guide you so that you can become well informed in financial matters as you navigate sophisticated and complex decisions about your money.
The topics are divided into 6 major sections:
The Physician Millionaire Mindset
How to Become Debt Free
Your Insurance Guide
Investments
Home Buying
The Residents Guide to Contracts
Each section and the corresponding chapters can be read or referred to on its own, or in sequence, depending on your financial needs.
The topics are divided into 6 major sections:
The Physician Millionaire Mindset
How to Become Debt Free
Your Insurance Guide
Investments
Home Buying
The Residents Guide to Contracts
Each section and the corresponding chapters can be read or referred to on its own, or in sequence, depending on your financial needs.
Denniston, who has an approachable and realistic outlook, has experience in professionally advising physicians in financial matters. Liu, a mother and a radiology resident, built her own experience by learning everything she needed to know through hands on experience. She had a number of interesting side jobs and was able to pay down her educational debt before completing residency.
The financial issues that face physicians are different than those of the past. With an increasingly high cost of medical education, changing reimbursement schedules and more alternative ‘side gig” opportunities than ever before, physicians can sink or swim financially. Liu, was always dedicated to giving young physicians a financial life preserver. And Denniston’s combination of astute insight and genuineness helps make that happen with this project that they worked on together.
The financial issues that face physicians are different than those of the past. With an increasingly high cost of medical education, changing reimbursement schedules and more alternative ‘side gig” opportunities than ever before, physicians can sink or swim financially. Liu, was always dedicated to giving young physicians a financial life preserver. And Denniston’s combination of astute insight and genuineness helps make that happen with this project that they worked on together.