Today I want to do a quick review of an PoorMD‘s eBook titled First Aid for Personal Finance: What Every Medical Student and Resident Should Know
The best thing about this book is it only costs $0.99 and hopefully the small price you pay will pay for itself in with the knowledge in the book. Note, you can only buy the book in electronic format at this time (You’ll need either a Kindle or the kindle app on your computer or smartphone)
The book is divided into 10 sections + 1 bonus section. The first few parts are pretty general knowledge about how to keep your debt low in medical school, how to save on school textbooks and what types of scholarships/funding is available for medical students. Where the book really shines is when it talks about residency and how to save some money while doing your interviews, how to help pay for moving costs and how to start a family during medschool/residency. There are also sections on more technical financial advice including insurance, retirement savings and tax planning.
Dr. Chang offers practical tips as well as his personal philosophy when it comes to finances. In a profession where “money talk” is so common, First Aid Personal Finance is a quick and easy read with implementable strategies. It’ll take you about an hour to read the book from cover to cover.
Overall, it was a buck well spent and I hope the ideas and advice I found will help me manage my finances better during residency. Get your copy of First Aid for Personal Finance: What Every Medical Student and Resident Should Know at Amazon
Dr. James Chang is currently a radiology resident and his blog PoorMD.com currently features his medical webcomics.