Many of you who have been following along on this journey of mine will know that I’ve been working on The Physician Philosopher Book for the past 6-9 months. Well, after a lot of work, editing, and brow-furrowing over cover designs – the book will be published electronically on February 4th, 2019. That’s only a week from the day this post will be published!
You can pre-order a copy here, or subscribe to the blog email list to learn how to get a free copy.
As a bit of a teaser, I thought I’d share some details about the book to get all of you hotly anticipating its debut!
You may have also noted that I dropped the cloud of anonymity this weekend. If you want to read a primer on who I am, find that here. I’ll be writing a more thorough post about exactly who I am on 2/4/19 to accompany the book release.
Who Doesn’t Love a Free Book?
Before we get to the nitty gritty of the upcoming book, including who I couldn’t believe said yes to writing the foreword, I want to share a secret with you.
What you need to know is that after it comes out, I will be having a promotional offer to all of my email subscribers. For a limited time (sorry if you read this post late!), the book will be free for download on Amazon (Kindle).
So, if you are interested in snagging a free-copy or emailing your entire medical school or residency class to let them know when they can do the same, then I encourage you to subscribe to The Physician Philosopher email list. All you have to do is put your email in below.
That’s the only way you will know when you can snag your free copy. Otherwise, it’ll be retail price after that.
What’s in The Book?
Well, first, I should say that I couldn’t decide on the main title for a while. For 90% of the time I was writing, it was simply called “The Physician Philosopher Book”.
Despite the issues with the main title, I settled pretty early on the subtitle: “The 20% of Personal Finance Doctors Need to Know to Get 80% of the Results.” It’s based on the Pareto Principle (and respecting your time).
Based on the subtitle, you might be able to guess that the purpose of this book is to serve as a primer for physician finance. The target audience is the same for the book as it is for the blog – medical students, residents, fellows, and early career attending physicians – though many other medical professionals could also benefit from reading the book.
As you’ll be able to tell by the chapter titles, the book has a chronological nature to it such that anyone could pick up the book and find the pertinent information for them. While best read from cover to cover, it’ll remain an easy resource for people at various times in their training and practice.
Without further ado, here is the chapter list for the book:
- Introduction
- Personal Finance Basics
- Conflicts of Interest
- Financial Choices in Medical School
- The Pareto Principle for Residency
- Student Loan Debt Management Part 1: IDR and PSLF
- Student Loan Debt Management Part 2: Private Refinancing of Student Loans
- Personal Finance During Residency
- Live Like a Resident (AFTER residency)
- A Tale of Two Doctors
- Investing After Residency
- How much do I need?
- Asset Protection
- The Balance
Foreword by The White Coat Investor
One of the most exciting moments in writing this book, aside from when it was completed, was having Dr. Jim Dahle of The White Coat Investor agree to write the foreword for the book.
It must not be the worst book ever written after all! Maybe someday it’ll even make White Coat’s Recommended Books for Doctors!
All joking aside, I need to thank Jim for trailblazing this path that many of us are on, and for being willing to write the foreword despite his busy schedule!
In fact, when I asked him about sending him the final copy and how long it would take to have the foreword written to be able to anticipate a publication date, he told me to send him the rough copy.
He wanted to read the book and write the foreword while he was vacationing!
What Can I Expect to Learn?
The book will be about 200 pages in the paperback form, which will be published shortly after the e-book comes out. I think keeping it brief is critical given the limited time constraints that people have in medicine (and in general).
For the specifics on what you can expect, I’ll copy this straight from the introductory chapter in the book:
I will cover a lot of topics in this book in a relatively brief amount of time. Trust me, I know how busy you are and I am not trying to make your life any busier!
Here are some of the essential topics:
● Investing basics (compound interest, time in the market versus “timing” the market, etc.)
● Investing specifics (types of vehicles, solid investment plans, and examples)
● Specifics on how to attack your student loans
● Paying off debt versus investing (or both) at various stages
● Asset protection (life, disability, umbrella insurance, etc)
● Where to get financial advice and identifying where conflicts of interest exist
● Why lifestyle inflation matters after training and how it can wreck your lifeUltimately, this book is a “how-to guide” on achieving financial success without having to learn all of the intricacies. You will be able to do it all yourself. If that sounds daunting, just let me take you on a little ride. If by the end of it all you still feel overwhelmed, then by all means give me a shout and I’ll be happy to help point you in the right direction.
Take Home
A lot of work has been put into writing this book, and it is the one I would have wanted to read when I was a trainee.
So, I really hope that you will consider signing up for the email subscription list, and email blast all of your colleagues and learners with the opportunity to get a helpful book for free as well.
If you read it, and decide that it’s worth sharing rating it on Amazon would also be extremely helpful. That’s the best way to make sure it gets in front of the people who need to read it most.
Do you know people who would benefit from a book like this? Would you mind sharing it with them? If you want free access to it, then I encourage you to sign up for the email list.
TPP
Congratulations TPP. Has to be a very exciting time seeing all the hard work come to fruition and congratulations on getting Jim Dahle to write the foreword, that in itself is a great endorsement and high praise indeed.
It is also incredibly generous to offer it for free to email subscribers. I look forward to seeing it.
I just want the book to be helpful. Happy to give it away for free to get the word out in order for it to do that.
Excited to read your opus, see you “coming out” from behind the veil, and continue to thrive my friend. Look forward to telling my friends I knew you back when you were new and anonymous.
May you continue to practice medicine by choice,
CD
Haha I don’t think you will have to worry about that too much!
Congrats TPP! Exciting stuff. You are a polymath and I look forward to reading your book!
Good luck on the book tour ?
Maybe I’ll drop the veil too….nah
Thanks! Hope it is worth while for people.
Don’t know about that polymath stuff, though!
Congratulations, man! The book looks great and I can wait to read the final copy. The culmination of all your hard work, blood, sweat, and tears. Cheers!!!
Thanks, brother! I appreciate your help and support.
Thank You.
I am a follower of your comments on E S I articles.
They are very edifying comments. Please keep up the Good Work.
Thanks!
Dear TPP,
I am excited to pore over your book. You don’t want me, already and email subscriber, to subscribe again, do you? Or will I just see the instructions to download in the email I already get?
Thank you for your service to the physicians we depend on for our lives.
Janet
Hey Janet,
Instructions for when to download the book from Amazon for free were included in an email I sent out on Thursday to all subscribers and to the weekly email subscribers in today’s weekly email.
If you didn’t get either of these, let me know. That means there is an issue I might need to correct.
Shoot me an email at [email protected]
Congrats on publishing and spreading the word of Financial Literacy for all. Enjoyed your Podcast with Ryan Inman as well.
Thanks, Bill! You must be the one he was referencing about giving the hard time for him buying the truck 🙂 I enjoyed that story.