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For Doctors Only: A Guide to Working Less & Building More 3rd Edition
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Rarely do four authors combine to create a cohesive text that readers will find accessible and useful outside of an academic text. Maybe that's why For Doctors Only, A Guide to Working Less and Building More (Guardian Publishing, Cincinnati, 2007) works so well, precisely because it is constructed as a series of 10 lessons for doctors to apply to their professional and financial life.
Why For Doctors Only? Chris Jarvis and his co-authors make the case that the needs of doctors and dentists today are unique, even among highly compensated individuals. Physicians and dentists on the whole have substantially higher incomes than typical university graduates. This grants them unique potential for significant asset accumulation during their lifetimes. On the negative side, medical professionals also have to be concerned that their assets may be at risk because of the potential for significant personal liability in medical malpractice. Doctors are typically in the highest tax brackets and are distracted by extensive regulation of their billing and other means of generating income related to medical practice. As they get gray in the temples they wonder how to sell their practices or profit from them after they retire.
Despite their stresses, medical professionals also have the potential for great reward and professional satisfaction, begging unique treatment to attain success. See a book by financial professionals and you might think it's all about making money. Returns are important of course, but the authors are not eager to hand out any pat answers (good advice these days).Read more ›