Book Recommendation for Destitute Doctor?

**fairy74** · 03-21-2007, 08:00 AM

All Your Worth, very simple formula to follow...

**creditcardfree** · 03-21-2007, 08:07 AM

I just sent my nephew Standard and Poor's Guide to Understanding Personal Finance. The topics were as basic as how to write a check to as complex as buying and selling a home. Looks like they have a Retirement savings book as well.

**Aleta** · 03-21-2007, 08:10 AM

I agree that All Your Worth is a good basic place to see where you are in your finances. There are so many good books out there. I liked the Wealthy Barber as well. I also Joe Dominguez's Your Money or Your Life. I read Andrew Tobias - The Only Investment Guide You'll Ever Need. I'm presently reading Jane Bryant Quinn's Making the MOst of Your MOney.

Some of these books may be too much information for your friend, but I do think that All Your Worth is an easy read and so is The Wealthy Barber ( Told in story book form.)

All Your Worth took me out of my complacency about our finances.

**LuxLiving** · 03-21-2007, 08:17 AM

Oh geeeeeee -- tell him to stay out of the animal food aisle! How hard is it to find tuna on sale for 50 cents a can? Ramen at 6/7 for $1?

Why would someone do this? I'd have to agree with your suggestion that it was probably done (if it was actually done) more for the shock factor than this is all I can afford! GAHHHH!!! Right now Homeland in our area has dried beans and rice for 50 cents a bag. No need for someone to shop the dog food aisle!

Looks like you already have some great book tips, I was going to say Wealthy Barber too, but Aleta already beat me to it.

Maybe he was fishing for a dinner invite? Maybe a good pscyh exam referral???

Sorry, that doesn't sound too compassionate on my part but golly, these days there are foodbanks in nearly every church in most towns....

**Broken Arrow** · 03-21-2007, 08:30 AM

That's one strange doctor.

**Scanner** · 03-21-2007, 09:02 AM

Yeah, there were a bunch of us who grew up together, hung around, and he was our "shock" guy - he always did things to just shock people and get a cheap laugh. He went to DO school, one friend went to DDS school, I went to DC school, and the other went to medical school and is an anethesiologist at Fox Chase in Philly. One went entirely seperate and opened his own ISP (my best man in my wedding). He's probably done the best of all of us.

You ain't kidding he's strange.

I told him if needs cheap protein (I am an Atkins' devotee) that eggs he can get for 12 for $1.00.

Wealthy Barber.

Is that really basic?

Sounds a bit like "I'm a barber and got rich quasi-spiritual" type of book just on it's title.

The Standard and Poor's Book sound interesting.

**Scanner** · 03-21-2007, 09:08 AM

You know. . .maybe I am being a little too stringent. Maybe he needs to examine his financial picture from a spiritual/motivational perspective so he can be inspired to take control and build wealth.

I am more a "nuts and bolts" kind of guy but not everyone is hardwired like me or JimOhio and will want raw information.

**Aleta** · 03-21-2007, 09:12 AM

The wealthy barber is written in a story book form. It talks about different fiends with different needs and this barber (who is wealthy) is teaching them about finances and money.

What I liked about the book and what I took away from it that one size doesn't fit all. I have always thought that it was a given to own a home rather than rent. The book gives different reasons to do or not to do something. Renting is better for some people, although I would not have thought about it like that. So, for everyone out there, you have to know where and what you want so you can have a map to go by.

All in all, I think that it is an easy read and entertaining. I didn't want to put it down. It holds your interest.

**LuxLiving** · 03-21-2007, 09:25 AM

The S & P book is more of the nuts & bolts w/comic like pictures. BASIC Financial Education 101 - very solid information and not just lightweight stuff either. The Wealthy Barber isn't spiritual necessarily, but more thoughtful in style as say in comparison to the esoteric stylings of Richest Man in Babylon - which is the one that got me off my keaster!

Dif'rant strokes my friend! Another decent one is Mary Hunt's Debt Proof Living.

**baking23** · 03-21-2007, 09:34 AM

Um instead of eating dog food he could become vegitarian and eat tofu for a while, healthier possibly, especially with that wheat thing killing animals right now.

I personally like anything by Jean Chatsky, simple easy to read.

**disneysteve** · 03-21-2007, 10:35 AM

Originally posted by Scanner View Post

He went to DO school... and the other went to medical school

Hey, Scanner. You should know better. Allopathic (MD) schools and Osteopathic (DO) schools are BOTH medical schools. Whether a doctor is an MD or a DO, he is still a doctor with equal training, rights and privileges.

As for your nephrologist friend, I wonder how much of what you describe is self-induced. I think all the book recommendations so far are good ones. I don't think anyone mentioned Suze Orman, particularly "Young, Fabulous and Broke."

**fairy74** · 03-21-2007, 12:49 PM

Originally posted by Broken Arrow View Post

That's one strange doctor.

Agreed!

**Ima saver** · 03-21-2007, 01:21 PM

The wealthy barber is one of the first I read. very good and easy to understand. I also like Tobias' the only other investment guide you will ever need.

**Scanner** · 03-21-2007, 03:16 PM

DisneySteve,

Actually, I don't usually delineate the differences either between DO and MD but you have seem to brought it up in the past so that's the only reason I did (and to just illustrate the different paths/schools of my childhood group of friends). I actually don't know why the two just don't merge but that's another topic, another forum. . .

I like Suze's book on 7 Steps to Financial Freedom too. . .I may still have that laying around actually.

Book Recommendation for Destitute Doctor?