“Money makes the world go ‘round.”
Whether you believe this or not, it’s a hard truth. Money is ubiquitous—its pervasive effect is felt in everyday life. And money is the primary language of business. So, I’m still shocked to hear “pretty much nothing” when I ask residents what they’re taught about money and business these days.
I’ve lectured on money and business to medical students and residents, teaching them basic business concepts, the bare-bones fundamentals every doctor ought to know, not only to keep them from making huge financial blunders, but more importantly, to help them develop a secure and rewarding financial future. I don’t proclaim any genius-level investing advice or magical wealth-building schemes, but discuss simple business concepts from the perspective of a doctor.
The lecture handouts have been written, rewritten and expanded, with the intent that anyone reading them will understand the concepts even if they’ve never attended the lecture. This morphed into a mini-book, written in a narrative format meant to educate AND entertain, since much of retained learning is often accomplished by such means. This parvum opus became a guidebook well over 100 pages, which I make available gratis to residents and medical students or anyone interested in learning about business basics. It’s downloadable from my website page at https://www.randallfong.com/education-resources.html. Just follow down the page to the graphical link Business Basics for Physicians.
The guidebook is meant to be a work in progress, evolving and updated, corrected and expanded. So if you see any errors or have suggestions for improvement, please don’t hesitate to comment on the blog.
©Randall
S. Fong, M.D.
For more topics on
medicine, health and the weirdness of life in general, check out the rest of
the blog site at randallfong.blogspot.com
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