Books. Read & Learn
In 2020, I wrote this book to help some colleagues understand the basics of investing for retirement.
It’s free to read if you have Kindle Unlimited. It’s also available as a Kindle e-book or on paperback for a nominal price. Click here or on the cover image if you are interested!
The concepts in the book are universal, even if you are not a physician. Physicians do not have magic financial tools not available to others.
Do keep in mind that finance books are a dime a dozen, and there are no hidden secrets to financial independence. The internet contains almost all the information you will ever need on any topic, for free. My goal was to condense a lot of that information, data, and research into a digestible, pocket-sized guide. It’s been well-received by colleagues who have read it. If you enjoyed the articles on this site and want to read more of my ramblings, please check it out! I appreciate the support.
Happy investing!
3/23/2023 update: I am in the process of updating the book. A lot has happened in the past 3 years in terms of both stock and bond markets, inflation, alternative asset classes, and new ways to model retirement. I’ve also grown as a writer. I feel the message in my book remains valid and you’re more than welcome to pick up a copy, but I am working on an updated edition so you may want to wait for that. It’s taking a little longer than expected...
Other Recommended Books
Here are some other books that I recommend without reservation, in no particular order. I have read all of these books myself and in my opinion, these are some of the best books out there in the field of personal finance and investing. I believe that these books will be as relevant in 100 years as they are today. If you believe in investing in yourself, do yourself a favor and start reading.
The Little Book of Common Sense Investing by John Bogle
A Frugal Doctor says:
A classic guide about the fundamentals of investing from John Bogle. John Bogle is the legendary founder of Vanguard Group and inventor of the low-cost index fund, a tool which has allowed millions of ordinary Americans to participate in the free markets to build tremendous wealth. John Bogle’s contribution to the world of investing cannot be overstated, and his “little red book” is fondly regarded by many as the Bible of investing. At less than 270 pages and extremely easy-to-read, this may very well be the only investing book that anyone ever needs.
A Random Walk Down Wall Street by Burton G. Malkiel
A Frugal Doctor says:
Another classic investing book by famed author and economist Burton Malkiel. A Random Walk Down Wall Street is simultaneously a fascinating history lesson, a crash course on financial theory, a textbook on asset pricing models, a brief teaser of derivative trading, and even a practical guide on how to invest with actual sample portfolios, ticker symbols and asset allocations. It is truly astonishing how much information Malkiel packs into less than 500 pages. It is denser and more technical than the other books on this list, but the knowledge in this book is worth its weight in gold.
The Millionaire Next Door by Stanley & Danko
A Frugal Doctor says:
The Millionaire Next Door has almost nothing to do with investing. It has everything to do with frugality. In this famous study of the highly affluent in America, the authors reveal the true lifestyles, occupations, and incomes of millionaires and multi-millionaires. The results have been surprising to readers for decades. See for yourself how much millionaires actually spend on things like vacations, clothes, and cars. This blog is not called A Frugal Doctor for no reason, because when it comes to successfully building wealth, frugality trumps everything else. Some of the data presented in this book feels dated, but it doesn’t detract from the message. In an age dominated by flaunting lifestyles on social media, this book is as timely as ever.