Book Review

 

ADVANCED WALLET

LIFE SUPPORT

How to Resuscitate Your Finances

(And Your Sanity) During

Medical Training

by Joshua Feblowitz MD, MS

Paul Jansson MD, MS

About the Authors:

Joshua Feblowitz MD, MS: Dr. Feblowitz is a medical professional with expertise in managing the financial challenges faced by healthcare workers. His background combines clinical experience with knowledge in financial planning, making him uniquely qualified to address the concerns of residents in training.

Paul Jansson MD, MS: Dr. Jansson shares a similar passion for enhancing the financial literacy of medical professionals. With his medical training and insights into the specific pressures of residency, he contributes significantly to the discussion on achieving financial well-being in the healthcare sector.

Advanced Wallet Life Support is an essential guide for medical professionals navigating the complexities of financial management during their demanding training periods. Authored by Joshua Feblowitz and Paul Jansson, this book addresses a critical gap in the educational landscape for healthcare workers, delivering practical, actionable advice on financial health.

The book expertly balances the need for financial guidance with the unique pressures faced by medical residents. It begins with a well-crafted introduction that sets the tone for understanding personal finance, emphasizing the importance of knowledge accumulation over time. Key concepts such as budgeting, saving, and loan management are presented in a clear and straightforward manner, making them accessible to readers who may find finance intimidating.

One of the standout features of the book is its emphasis on risk management and future planning, particularly highlighted by the challenges posed by the COVID-19 pandemic. This context not only enriches the content but also makes it relatable and timely for current and future medical professionals.

The chapter on insurance considerations is particularly eye-opening, covering not just life and disability insurance but also liability and umbrella insurance—topics often overlooked in medical training. Additionally, the authors do an excellent job providing resources for budgeting tools and investment accounts, which can be invaluable for long-term financial success.

Overall, Advanced Wallet Life Support is a must-read for any medical resident looking to take charge of their financial health. It encourages individuals to seek assistance and mentorship, reinforcing the book's dedication to the well-being of healthcare workers. This book is not just about managing finances—it's about supporting a brighter future in both personal and professional aspects.

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Rating: ⭐⭐⭐⭐

Why deeplife recommends it?

This book resonates you, with themes often explored to have a sound lifestyle  by emphasizing the importance of financial health as a component of overall well-being. Just as  deeplife   promotes balanced living and personal growth, this book focuses on helping medical professionals here to achieve financial stability during a challenging phase of their careers.

Both sources highlight the need for self-care and mental health awareness, suggesting that managing one’s finances can significantly impact quality of life. Additionally, the guidance provided in the book complements the holistic approach of lifestyle blogging, encouraging readers to take charge of their financial futures while nurturing their personal and professional growth. 

FAQ'S:

1. iS IT ONLY FOR MEDICAL RESIDENTS? The suitable readers includes medical residents and professionals looking to improve their financial literacy and stability during their training and careers.

2. What is the background of the book?The book originated as a lecture in 2019 for residents at Harvard and evolved into a published work during the COVID-19 pandemic, emphasizing the importance of risk management and future planning.

3. Where can I find additional resources?Additional resources can be found on the book's website: advancedwalletlifesupport.com.

4. Is there a contact for inquiries?Yes, for inquiries, you can reach out via email at resuscitateyourwallet@gmail.com.