A Financial Prescription For Doctors And Dentists: Strategies For Achieving Your Personal And Career Goals
- Publish Date: 2014-12-28
- Binding: Paperback
- Author: David I. Katz
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The financial facts of life have never been more important for doctors, dentists and other medical professionals. The nation's healthcare system is undergoing a dramatic change - and many physicians are woefully unprepared to deal with the new reality. A Financial Prescription for Doctors and Dentists - Strategies for Achieving Your Personal and Career Goals by financial advisor and wealth manager David I. Katz addresses that knowledge gap. It provides a clear, easy-to-read guide to help medical professionals address the many business challenges in their practices and the financial issues in their personal and family lives. When doctors are in medical school, they focus on learning about the human body, not finances. But residents and new doctors need to learn how to manage money, particularly since high debt loans are a big problem for so many people. ~ Stuart L. Markowitz, MD, Senior Associate Dean for Student Affairs, Charles E. Schmidt College of Medicine, Florida Atlantic University. With an estimated 850,000 physicians, 195,000 dentists and millions of other healthcare professionals in the US, this book has a wide audience. In fact, the financial lessons from the book also apply to attorneys, accountants and other professionals who never received formal training in business or finance - much less key issues like asset protection and estate planning. One of the biggest problems for physicians and dentists is failing to look at their practices as businesses. In general, they give way too much thought to going into a professional relationship and not enough thought to coming out of it later in life. Certainly, how you share income and overhead costs is important, but what happens when one of the partners says it's time to leave? ~ Jeffrey L. Cohen, president and CEO, Florida Healthcare Law Firm. For busy medical professionals Katz's book is an easy read, presenting key lessons in an appealing, understandable manner. Rather than boring the reader with fac