Financial Planning Handbook For Physicians And Advisors

3 Responses to “Financial Planning Handbook For Physicians And Advisors”

1. Brian says:

   September 13, 2010 at 12:08 am

   This text is the best financial plotting book I have found specifically written for the involved physician. Although many plotting issues are universal, Dr. Marcinko points out the unique considerations facing the physician. The theme matter covered is comprehensive, from basic definitions and debt management to complicated tax matters, and from early career issues to late career and post-retirement matters. This book will serve as a resource for many years to come.

   Brian J. Knabe, MD CMP
   
   Rating: 5 / 5
2. Eddie says:

   September 13, 2010 at 1:47 am

   In his book Financial Plotting Handbook for Physicians and Advisors, Dr. David E. Marcinko, MBA, CMP, CFP provides us with a simple and yet very complete view on the basics of financial plotting that every physician should know in order to maximize our chances for success in the financial aspect of our medical careers and private lives. The book is well structured, organized and simple to read. Divided in ten chapters, it covers vital aspects of private financial plotting such as insurance, home mortgages, retirement plans, auto buying, taxes and more.

   In an era where doctors must have a solid understanding of the basics of financial management, this book is a must-have on every physician’s private book collection. Although not a use instead for a formal business education, this book will help physicians navigate effectively through the hurdles of day-to-day financial decisions with the help of an accountant, financial and legal advisors.

   This book would make an brilliant reference for teaching medical students and residents the basics of monetary management. I highly urge this book and commit Dr. Marcinko and the Institute of Medical Business Advisors, Inc. on a job well done.

   Manuel J. Colón, MD
   Rating: 5 / 5
3. Anonymous says:

   September 13, 2010 at 3:51 am

   The “Financial Plotting Handbook for Physicians and Advisors” is essentially a “how-to book” on finance, financial plotting and correlated topics for healthcare providers. Opportunely for patients, medicine requires a high degree of professional training, both in terms of science and technology. Unfortunately for providers, it affords small time for learning about financial or investment plotting.

   More to the top, this is an unusual textbook on financial plotting for two reasons. First, it is a detailed guide for physician’s seeking the complex road to success and profit in the confusing healthcare industrial complex. Seldom does one see such clarity of presentation, without the usual jargon that often discourages those trying to learn such a foreign and forbidding theme, as finance. Second, the theme matter is focused for medical providers who work in one of the fastest growing industries in the United States. The contributors hope that by integrating the disciplines of financial plotting, they will help foster affordable and profitable healthcare for our nation, which is so entrepreneurial, yet aging.

   In my thirty-five years on Wall Street, I have experimental that physicians are particularly disadvantaged when it comes to anything regarding finance. Most medical professionals have enough on their mind involved their specialty and maintenance up with healthcare technology and do trends, that plotting for their financial future is often forgotten. Financial plotting and excellent investment practices require a solid background of how corporations work in the “real world”, and an awareness of how they function within the economy. These economic essentials are vital to understanding do, as principles like budgeting, risk management, cash flow analysis, fiscal benchmarking and rudimentary accounting are presented in this book. Furthermore, the necessity of maintenance up with state and federal insurance legislation, tax laws, retirement, and estate plotting is evident, and included.

   “Financial Plotting Handbook for Physicians and Advisors” focuses on financial plotting and how the healthcare professional can increase private knowledge and skills in this area. The coverage is both broad and yet detailed, ranging from basic macroeconomic factors that affect our national economy, such as the Yucky Domestic Product (a single figure that summarize the business activity of the US), to the more mundane activities of maintaining cash flow, college funding, tax reduction strategies, home mortgages and even correcting credit card reporting errors. More sophisticated topics include: debt and equity investment vehicles, derivatives, mutual fund and hedge fund investing, portfolio management and risk analysis, and the new laws on tax, retirement, and estate plotting. The book rightly concludes with do succession plotting for doctors and a chapter on the psychological meaning of money itself.

   It seems to me that all those in healthcare are well-served by reading this book with it’s format and step-by-step setup administer for financial success, in terms of starting and ultimately surviving in a complicated business full of pitfalls and misinformation. Most helpful will be the extremely detailed table of contents that allows the user to quickly pinpoint an area of interest, and get ongoing answering a problem.

   Simply place, my recommendation is to read the: “Financial Plotting Handbook for Physicians and Advisors”, and “reap”.

   Frank A. Cappiello
   President, McCullough, Andrews & Cappiello, Inc.
   10751 Falls Road Suite 250
   Lutherville, MD 21093
   Distinguished Visiting Professor of Finance
   Loyola College, Maryland
   Rating: 5 / 5