Doctors, Money and Business and The Need to Know

 

“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.

www.randallfong.com

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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