The Doctors Guide to Eliminating Debt

The Doctors Guide to Eliminating Debt will show medical professionals how to pay off debt faster than imagined—including the mortgage. Too many doctors carry perpetual debt and give away a large chunk of each paycheck as interest. Being in debt does not have to be a default condition, and it’s never too late to change the course of a financial condition. Being debt-free is empowering, liberating, and invigorating, but most doctors don’t realize they can do it without significant sacrifice.

There is a way out from being trapped by financial obligations. This book lays out practical steps to:

• Stop drowning in debt in four easy steps
• Pay off student loans and your house—faster than expected
• Help recognize biased financial advice
• Balance spending, loan repayment, and investing
• Make compound interest work for you, instead of against you
• Retire sooner than expected

This second book in The Doctors Guide series shows how to establish control of your money—and ultimately one’s life. See how it can help any healthcare professional navigate their way out of debt.

Praise for The Doctors Guide to Eliminating Debt:

"The best way I can describe this book is Dave Ramsey for doctors . . . If you're a high-income professional and you have debt of any kind, I think you ought to read this book." —James M. Dahle, MD, The White Coat Investor

“I wish I had read this way earlier in my journey to learn about finances… I highly recommend it to anyone trying to get started with understanding money.” –The Frugal Physician

“Do yourself a favor and let Dr. Fawcett’s excellent book be your guide to get out from the financial hole you found yourself in.” –The Wealthy Doc

“Repurposed” general surgeon Dr. Cory S. Fawcett is on a mission to eliminate burnout, debt, and bankruptcy among physicians, dentists, optometrists, nurse practitioners, and others healthcare professionals through keynote speaking, writing, and one-on-one coaching. Throughout his career, he’s been passionate about helping doctor's live healthy, happy, and debt-free lives and regain control of their practices, their time, and finances. Dr. Fawcett is a consultant, speaker, award-winning author, and entrepreneur. He has been an owner, founder, or partner in more than two dozen business and real estate ventures. Dr. Fawcett can be found at www.financialsuccessmd.com.

Dr. Cory S. Fawcett is a consultant, speaker, award-winning author, entrepreneur, and recently repurposed general surgeon. He has been an owner, founder, or partner in more than two dozen business and real estate ventures. His passion for teaching personal finance and helping doctors lead happy and debt-free lives spans his entire career. His mission is to eliminate burnout, debt, and bankruptcy among physicians, dentists, optometrists, nurse practitioners, and others in the healthcare industry through keynote speaking, writing, and one-on-one coaching. With his financial interest and background knowledge, he has served on several boards and financial committees throughout the years. He has been involved as owner, founder, or partner in more than two dozen business and real estate ventures. The lack of surgeons in rural areas and his desire to work less led him to the decision to retire from his twenty-year practice, in a town with ten general surgeons, and assist in underserved areas. In February 2014 he began working part-time in rural Oregon towns with only one or two surgeons. With just one surgeon in town, the call burden of 24/7 availability is unsustainable. Dr. Fawcett provides them with a needed break from their pager, helping to keep rural surgeons healthy. His current mission is teaching doctors to have healthy, happy, and debt-free lives-to regain control of their practice, their time, and their finances. He is writing, speaking, and coaching in an effort to improve the lives of his colleagues. Burnout, suicide, debt, and bankruptcy are increasing among physicians, dentists, optometrists, chiropractors, pharmacists, nurse practitioners, and others in the healthcare industry, and he focuses on halting the progression of these unnecessary outcomes. Dr. Fawcett is an award winning author, speaker, personal finance coach, and now semiretired general surgeon. He completed his bachelor's degree in biology at Stanford University, his doctor of medicine at Oregon Health Sciences University, and his general surgery residency at Kern Medical Center. After completing his training, he returned to southern Oregon to practice for twenty years in a single specialty, private practice group in Grants Pass. Since 1988 he has shared his home with his lovely bride Carolyn. They have two boys: Brian, who graduated from college with a degree in economics, and Keith, who is currently working on a degree in mobile development.