Finance for Physicians Our Personal Finance Book and Pod Recommendations
Jan 6, 2026
Join Certified Financial Planner Theresa Scheu as she shares valuable insights on personal finance books and podcasts. Discover why classics like The Richest Man in Babylon and The Millionaire Next Door remain relevant, along with newer favorites like The Psychology of Money. Theresa highlights the importance of behavior over technical brilliance and discusses the significance of mindset in wealth-building. From kid-friendly money books to intentional spending strategies, the conversation is packed with practical recommendations to enhance your financial journey.
39:32
Just Keep Buying
- Keep investing regularly regardless of market timing; dollar-cost averaging beats waiting for the 'perfect' moment.
- Treat investing as a habit: set it up and continue even when markets feel high.
Wealth As A Ladder
- Think of wealth as a ladder with rungs that change what matters financially at each stage.
- Decide intentionally which rung you want to reach instead of always chasing more.
Seven Timeless Money Habits
- Pay yourself first, control expenses, and then invest so your money works for you.
- Protect capital by avoiding speculative get-rich-quick schemes and seek wise counsel when needed.
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Intro
00:00 • 26sec
Why curate finance books for physicians
00:26 • 2min
Nick Maggiulli: Just Keep Buying & Wealth Ladder
02:46 • 4min
The Money Guy Show recommendation
06:18 • 1min
The Richest Man in Babylon lessons
07:24 • 4min
Carl Richards' behavior-focused podcast
11:21 • 2min
The Millionaire Next Door themes
13:02 • 5min
Ad break
17:39 • 1min
Marketplace podcast for economic context
18:49 • 2min
The Psychology of Money impact
21:05 • 5min
Nick Murray: long-term investing and planners
26:09 • 2min
Money for Couples with Ramit Sethi
27:46 • 3min
Kid-friendly money books
31:15 • 2min
Die With Zero and spending intentionally
33:35 • 2min
Think and Grow Rich: mindset for success
36:03 • 56sec
Common themes across recommendations
36:58 • 2min
Outro
39:12 • 17sec
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The Golden Quest
Your Journey to a Rich Life
David Delisle
#144
• Mentioned in 124 episodes
The millionaire next door
William D. Danko
Thomas J. Stanley
The book challenges the common perception that millionaires live in affluent neighborhoods and instead shows that many wealthy individuals live modestly in middle-class and blue-collar areas.
The authors identify seven common traits among these millionaires, including being dedicated to a vision, making appropriate career decisions, valuing financial security over social standing, and efficiently spending time and money.
The book also distinguishes between 'Under Accumulators of Wealth' (UAWs) and 'Prodigious Accumulators of Wealth' (PAWs), emphasizing the differences in their spending and saving habits.
#64247
Milton the Money Savvy Pup
Ashley Lawson
Jamie Bosse
#34
• Mentioned in 264 episodes
Die with Zero
Bill Perkins
Die with Zero presents a provocative philosophy and practical guide on how to get the most out of your money and your life.
Bill Perkins argues against over-saving and under-living, advocating for investing in experiences early and maximizing positive life experiences.
The book introduces concepts like 'time-bucketing,' 'net worth curve,' and 'fulfillment curve' to help readers optimize their life stages and make the most of their resources.
Drawing from his own life experiences and insights from psychological science and behavioral finance, Perkins makes a compelling case for living large and accumulating memorable experiences rather than wealth.
#23665
• Mentioned in 2 episodes
Simple Wealth, Inevitable Wealth
How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds
Nick Murray
In 'Simple Wealth, Inevitable Wealth', Nick Murray outlines a simple yet challenging path to wealth creation.
He emphasizes the importance of equities over bonds, the role of financial advisors, and the critical need for patience and discipline in investing.
Murray argues that wealth is inevitable if one adheres to these principles, focusing on behavior rather than specific investment choices.
#21
• Mentioned in 331 episodes
The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions.
The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes.
Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation.
He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge.
#
Grandpa’s Fortune Fables
Will Rainey
#345
• Mentioned in 70 episodes
The Richest Man in Babylon
George Clason
This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation.
Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline.
The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds.
Key principles include paying yourself first, living within your means, and making money work for you through wise investments.
Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.
#1259
• Mentioned in 28 episodes
The Art of Spending Money
Morgan Housel
Morgan Housel's "The Art of Spending Money" delves into the psychology of financial decisions, exploring how our emotions and biases influence our spending habits.
The book challenges conventional wisdom about saving and investing, emphasizing the importance of aligning our financial goals with our values and life experiences.
Housel uses compelling narratives and real-world examples to illustrate the complexities of money management, offering practical insights for readers of all financial backgrounds.
The book encourages readers to develop a more mindful and intentional approach to spending, helping them make choices that enhance their overall well-being.
Ultimately, it aims to empower readers to make informed financial decisions that lead to a more fulfilling life.
#16
• Mentioned in 368 episodes
Think and Grow Rich
Napoleon Hill
Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre.
The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford.
Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality.
These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind.
The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success.
It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.
#719
• Mentioned in 42 episodes
Just Keep Buying
Nick Maggiulli
#936
• Mentioned in 34 episodes
The Wealth Ladder
Nick Maggiuli
Every year, we hear the same question from physicians: What should I read or listen to if I want to get better with money without drowning in jargon?
In this episode, we step back from tactics and spreadsheets to talk about the personal finance books and podcasts our planning team consistently recommends.
Daniel Wrenne is joined by Theresa Scheu to walk through a curated list of books and shows that have shaped how our planners think about money, behavior, and decision-making.
Rather than technical investing manuals, these recommendations focus on habits, mindset, values, and long-term perspective.
The conversation spans classics like The Richest Man in Babylon and The Millionaire Next Door, newer favorites like The Psychology of Money and The Wealth Ladder, and podcasts that help make sense of both personal decisions and the broader economic landscape.
Listen in to hear why so many of these recommendations emphasize behavior over brilliance, how thinking intentionally about spending can be just as important as saving, and common themes that show up again and again.
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- Of Dollars And Data
- Money For Couples with Ramit Sethi
- The Money Guy Show
- 50 Fires
- Marketplace Business News Podcast
- “Just Keep Buying” by Nick Maggiulli
- The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life by Nick Maggiulli
- The Richest Man in Babylon by George S. Clason
- The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley & William D. Danko
- The Psychology of Money by Morgan Housel
- The Art of Spending Money by Morgan Housel
- Simple Wealth, Inevitable Wealth by Nick Murray
- The Golden Quest: Your Journey to a Rich Life by David Delisle
- Grandpa's Fortune Fables by Will Rainey
- Milton the Money Savvy Pup by Jamie Bosse
- Die With Zero by Bill Perkins
- Think and Grow Rich by Napoleon Hill
- Get Rich Slowly by William T. Spitz
- Connect with Theresa Scheu
- Connect with me on my LinkedIn
- Contact Finance for Physicians
- Finance for Physicians
- To schedule a call with one of our awesome planners, book HERE.