Bookstores are bursting at the seams with personal finance reads.

From conquering student debt to planning for early retirement (and everything in-between), you have a never-ending stream of new options at your fingertips. But oftentimes the best finds are timeless classics with lessons that are as valuable now as the day they were published.

When it comes to managing money, here are 10 renowned books that physicians may be able to learn a thing or two from.

Get Rich Carefully by Jim Cramer

In Get Rich Carefully, Cramer — the host of “Mad Money” on CNBC — lays out a guide to high-yield, low-risk investing.

The main idea of this book is that people can attain great financial success in a “prudent, methodical way.” It seeks to offer simple, low-risk, yet successful methods of accumulating wealth.

As a bonus, the book is highly readable and entertaining without a lot of confusing jargon.

Personal Finance for Dummies by Eric Tyson

Tyson is a nationally recognized personal finance counselor who has also written “for Dummies” books on:

  • Home buying.
  • Investing.
  • Mutual funds.

As you may expect, Personal Finance for Dummies offers a deep dive into the essentials, like:

  • Tracking expenses.
  • Reducing spending.
  • Saving for college.
  • Saving on taxes.
  • Getting out of debt.

Tyson also breaks down more complex topics, such as the risks and returns of various investment strategies.

Rich Dad, Poor Dad by Robert T. Kiyosaki

Kiyosaki's Rich Dad, Poor Dad is one of the best-selling personal finance books of all time. Here, he reflects upon his upbringing — namely the differences between his his friend’s rich father and his own poor father. He explains the lasting impact they had on his beliefs about money and investing.

The main theme of this book is simple and easy to subscribe to:

You do not need an expensive education or large income to be rich.

Rather, financial success comes from how you handle the money you do have, which includes smart investing. The book also offers instruction on how to teach your kids about money.

The Intelligent Investor by Benjamin Graham & Jason Zweig

First published in 1949 by economist Benjamin Graham, Warren Buffett praised The Intelligent Investor as "the best book ever written on the topic of investing".

And such high praise should come as no surprise. After all, Graham himself is considered the father of value investing – developing long-term investment strategies that prevent investor error.

The book coaches readers to develop a rational plan for investing that rules out emotional decisions. It was recently re-published financial journalist Jason Zweig, whose new contributions includes perspectives on today’s markets.

The Little Book of Common Sense Investing by John C. (Jack) Bogle

In his 2014 Berkshire Hathaway shareholders letter, Buffett recommended that all investors read The Little Book of Common Sense Investing.

Authored by Jack Bogle (founder of The Vanguard Group and creator of the world’s first index fund), this "little book" helps readers get comfortable with the fundamental rules of investing.

In doing so, Bogle helps readers identify investment fads and the dangers of pursuing them.

The Millionaire Next Door by Thomas Stanley & William Danko

This best-seller from the late '90s documents the habits of individuals with net worths of at least $1 million. Stanley and Danko's intensive study pinpoints seven common traits of people who accumulate this level of wealth.

The Millionaire Next Door concludes that most people have low net worths compared to their income, which is often caused by over consumption. To build wealth, people must settle for lifestyles that are below their means.

The Total Money Makeover by Dave Ramsey

For anyone looking to ditch their debt, The Total Money Makeover just may be the best instructional book out there. Best-selling author and popular radio host Dave Ramsey offers a seven-step plan to pay down debt, no matter its source.

He also covers:

  • Myths about money.
  • How to create an emergency fund.
  • How to save for retirement.
  • How to pay off your mortgage.

Above all, Ramsey emphasizes how you must change your behavior to conquer debt and save money.

The Truth About Retirement Plans & IRAs by Ric Edelman

This book aims to help people get over their confusion about retirement saving vehicles. In doing so, they can now take advantage of all that these tools actually have to offer.

Edelman, an independent financial advisor, offers you a step-by-step guide in The Truth About Retirement Plans and IRAs. He explains how to:

  • Contribute to your retirement plan even if you don’t think you can.
  • Convert your plan into retirement income.
  • Make smart investment choices.

Think and Grow Rich by Napoleon Hill

Though it was published in 1937, the lessons in Think and Grow Rich are still very much applicable today. The book is based on interviews Hill conducted with the most successful people of his time, including:

  • Henry Ford.
  • John D. Rockefeller.
  • Charles Schwab.

The book was updated in 2005 by Arthur R. Pell, who conducted similar interviews with:

  • Bill Gates.
  • Mary Kay Ash.
  • Dave Thomas.

The classics encourages people to pursue their financial dreams, so as long as they are willing to share their wealth.

Your Money or Your Life by Joe Dominguez & Vicki Robin

Joe Dominguez retired at the age of 31 after working as a financial analyst on Wall Street. Your Money or Your Life outlines the nine-step program that empowered him to do so. His co-author, Vicki Robin, also followed the program after a career in film and theater.

Throughout the book, Dominguez examines the relationship between time and money with concepts like:

  • People should measure their money in the number of hours it takes to accumulate.
  • People should measure their spending by how many hours of work it took to make those purchases.

Needless to say, this read can truly transform the way you view your personal finances.

Key takeaways

In today's saturated digital world, we have access to more resources than we know what to do with. To help you cut through the noise, we created our own recommended reading list just for doctors:


But don't just take our word for it — give them a read yourself.

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