DECEMBER 10, 2021 | 5 min read
Books to Jumpstart Your Financial Freedom Journey
We spend most of our life earning money, but how much time do we actually spend learning about how to manage it?
One of the most important things I did in the past years was spend time reading books to help me escape from a life that didn’t feel right. I would wake up early every day, trade some time for money, spend that money, go home tired only to start again the next day. Being a medical professional is fulfilling but the system can easily lead to burnout and makes you feel like running on a hamster wheel that just never stops.
I wanted to practice medicine on my own terms. Luckily for me, there were amazing books I could learn from to achieve my new goals. These books set me on my path to becoming financially free.
That’s why I’m sharing them with you. By investing in yourself and in your knowledge, you’ll finally stop worrying about money and actually use it as an instrument to build your wealth.
When I read the first of these books and then discovered the others, I didn’t know how much they would help me towards embracing happiness and following my true dreams. I hope you will find them as inspirational and life-changing as I did.
1. Why Doctors Don’t Get Rich – Tom Burns MD
You see, as physicians, we were never taught to be rich. We were taught to be “poor.” – Tom Burns. ⠀
According to Dr Burns, “poor” doctors live pretty well, however, they spend what they earn, leaving little room to actually be wealthy. They have to work really hard and sell their time to maintain that standard of living. ⠀
On the other hand, a “rich doctor” is financially educated, enjoys financial independence and practices medicine on their own terms. No need to sell time here. ⠀
I think he’s right. Most doctors receive no financial education. Many of us start living “the good life” before we truly have the means to afford it. ⠀
Focusing on long-term goals like financial independence will give us so much more than spending our income on things that are mandatory to have “the good life”. More often than not, we’re tricked into believing we actually need all these things. We don’t. Just like we don’t need to sacrifice our time. ⠀
2. Rich Dad, Poor Dad – Robert Kiyosaki
In this book, Robert Kyosaki talks about how he grew up and learned about money from two very different dads. The very different ideas of his not-so-wealthy dad compared to his wealthy dad’s friend reveal very different ideas on life and wealth.
This book made me realize how important financial education is and how little we are taught about it when we are young. The difference between assets and liabilities and the importance of having money working for you, instead of you having to work for money is the biggest lesson we can learn from “Rich Dad, Poor Dad”.
3. The One Thing – Gary Keller
The biggest lesson I learned from this book is the importance of focus. I relate to this book a lot because I also believe in taking action. When we have so many options and things to do it’s hard to focus and more often than not we end up doing nothing. It’s just really difficult to make progress this way. So what does the book teaches? Just get one thing done, stop thinking, and once it is done you can move on to the next one. Simple. Yet, this simple idea holds so much power and has been one of the most fundamental strategies that have allowed me to move forward in my investing career as a medical professional who is always busy. I know many of you can relate to this.
4. Who Not How – Dan Sullivan
Essentially, this is a book about delegation. Most of us, when faced with a challenge, ask ourselves, how will I do this? Whether it’s fixing our website planning meals for the week or booking a trip. But instead of asking how we should really be asking who. Because there is likely someone out there who can do it better, faster with less stress, more scale, and potentially cheaper, than we could do it ourselves.
This book is one of the reasons why I started hiring virtual assistants. It’s all about investing our time in things that really matter to us! In the past, I used to invest a lot of time into things I didn’t really enjoy doing. Hiring a Virtual Assistant can be ideal for those tasks you can delegate.
There are people who actually enjoy doing those tasks! If you’re one of those people who’s always busy. If you’re growing your business and there are tasks that require your full attention, then this is a no brainer! I strongly recommend this book
5. Never Split The Difference – Christopher Voss
This book blew my mind. As medical professionals, negotiations are part of our lives. This book is a great read, full of actionable advice—not just for high-stakes negotiations, but also for handling everyday conflicts at work and at home.
6. Traction – Gino Wickman
This book is business-oriented. If you are starting a business or if you’re a newish business owner this book can really make an impact. Highly recommended!
Ready to kickstart your road to financial freedom?
I hope these financial freedom books will inspire you as much as they have inspired me! Start learning today about how you can improve your wealth.
Money isn’t the most important thing in life, but knowing how to manage it will really set you free!
AUG 7, 2021 | 5 MIN READ
House Hacking for Medical Professionals
Sometimes it feels like we are trading our precious time by working tirelessly to get paid. Yes! We do love what we do, but we all know burnout is huge among healthcare professionals. The solution is within your reach.
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