The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed (The White Coat Investor Series)
O**T
Your Complete Financial Game Plan
This book is excellent in its thorough yet concise layout. As compared to Dr. Dahle's first book, 'The White Coat Investor: A Physicians Guide to Personal Finance and Investing,' this book is certainly more comprehensive, with notably more revisions from financial professionals along with fellow physicians. Both books have their place as strong resources, and, if you're in medicine, ideally start with the first book before or during medical school, and then read this book before (ideally) or during residency. More than his first book, The WCI's Financial Boot Camp applies to a wider range of high-income professionals, with personal anecdotes throughout across numerous ages and stages of financial situations. The appendices and terminology glossary are particularly useful if you're new to the subculture of finance, as I have been over the past few years. Having read many financial books in those years - getting caught up for my lack of financial education in years prior - this book would easily be a single, one-stop-shop starter-and-end-point outline to maximize your preparedness and monetary resource management. It has the advantage of being a quick read - I finished it in just under 3 hours and I'm not a particularly fast reader - and detailed enough to go back and revisit key chapters as they apply to your situation (not all steps will apply to you at all times). Would I buy this book again? Absolutely. Have I already bought several additional copies? Yes: some for medical students, residents, new-to-practice docs - LIVE LIKE A RESIDENT - and even one for my folks, who are just starting retirement. Dr. Dahle's contribution to approachable, honest, accurate, financial resources for contemporary professionals, particularly those in the medical and surgical arts, is arguably unparalleled. Need more info in any given area applicable to you? Lots of additional books listed following each chapter, several of which I’ve read, and each well-written. Many thanks to Dr. Dahle, the WCI network, and the WCI community readership who contributed their time, insight, and personal stories to make this book great.
E**D
Great Info
Awesome book with invaluable information for anyone, but especially doctors because it's focused on that situation. Great breakdown of all the financial highlights and steps necessary right out of school or during your career. Highly recommend this book!!
A**R
The Most Important Things You Were Never Taught
I really never write reviews for anything, but this book absolutely blew me away and since it doesn't have many reviews at this time, I felt it necessary to assist future purchasers in making a great decision. Buy this book!Dr. Dahle has managed to bring me completely up to speed on everything finance related, within a couple hours of high-yield reading. I'm a 4th year medical student with literally zero previous finance knowledge. My parents never taught me anything about taxes, budgeting, insurance, literally nothing. Nor did my schooling. All of this was new to me. Disability insurance? Never knew anything about it. It's literally the first chapter in the book and probably the most important thing you can take away from the book, explained fully and clearly within a few pages of text.You'll also learn about a ton of other things you definitely need to know but were never taught: life insurance, proper budgeting, avoiding taxes lawfully, the cheapest way to pay off your loans, the cheapest and most efficient ways to invest your money, how to save for big ticket items like a house or your kids schooling, how to not lose everything you worked so hard for in a divorce or lawsuit, etc.I cannot recommend this book enough. It's simple, easy to read, high-yield, and will certainly save you many orders of magnitude more than the $25 it costs. I will certainly be referencing the book and all its helpful resources for years to come. From just this one read, I likely know more than most of my medical student peers about managing and protecting my wealth.Thank you Dr. Dahle, you financially saved me.
R**.
Time spent reading this is a high return on investment
I’ve read more than 50 books on personal finance and investing, and this book is one of the very best I’ve read. The reason is that every page has useful information, so the time spent reading the book is a high return on investment. The writing is clear, and the author covers all the essential topics for getting your financial affairs in order. Although the book is catered for high income professionals like doctors and dentists, I think those making more modest incomes can benefit enormously from reading this book. I especially found chapters 7 and 8 on retirement plans and investing to be especially helpful—the author makes many excellent points and teaches important concepts in a very clear and effective way. The quality of the writing is evidence that the author understands personal finance and investing at a very deep level — this is impressive given the fact his day job is being an emergency room doctor. I highly recommend this book.
A**R
What you would expect
As with all things from the Dahle/white coat investor, you’ll get good sound advice that is well presented.If you’re new to personal finance this is a great place to start. If you’ve been following his blog and read his other book, there’s not much more to learn from this book. There are some nice checklist and examples of financial plans.As with the blog, there are some clear examples in this book where he’s encouraging you to use his sponsors. I understand he has vetted these sponsors and this is how he makes money but it does appear almost as a conflict of interest.
B**E
this book literally saved thousands of dollars for me
read this book right after we graduated from dental school, it really helped us to lay a good foundation for our financial success! highly recommend.
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