.I recently picked up the The White Coat Investor: A Doctor’s Guide to Personal Finance by James M. Dahle, MD.
The White Coat Investor website is pretty popular amongst medical professional seeking to gain financial savviness; whether early or late in their career. The website has been mentioned in various aspects (conversation, online chat, FB groups, etc) and applauded for the wealth of information it provides. For the most part I believe I am doing fine with my current financial holdings. However, there are other avenues which I am not aware of especially as someone working under “IC” (Independent Contractor) status. Sadly, I fell off the wagon in terms of being a consistent follower of the WCI site.
Dr. Dahle states “The information contained in this book is not a secret.” So what made me decide to order the book? I appreciated that the author is a physician able to provide unique information that’s relevant to other practicing physicians. Plus I wanted to give the book as gift to recent graduate from residency. Many shy away from handling their own financial portfolio due to lack of know-how, Dr. Dahle advocates to those who wish to gain more control over their situation. After browsing through the positive reviews, my own interest to read the book grew. Since I have not been on the WCI website in over year, a succinct recap was what I wanted.
The book is very easy to read. If you already follow the blog www.whitecoatinvestor.com religiously, then the book will likely not add much more to what you have learned via the website. I purchased the Kindle version because life on the road is just easier without another object to have to lug around.
Even if you are not a Medical Doctor, I believe the information from The White Coat Investor book (and website) is of value; especially if you work in the healthcare profession. Those who are very new to investing/saving would benefit most from reading this. More complicated books are out there; but this book gives you a smooth foundation that you can then go build on and it is relevant to those in medicine. I agree with the emphasis that the earlier you start financial planning, the better.
A worth while advice given in the book is to read 1-2 finance books per year. I prefer to subscribe to Money magazine or Kiplinger finance; these cater better to my attention span.
The book can be purchased here on Amazon.com It has a 4.8 out of 5 star rating.