Rid yourself of debt. Grow your wealth.
And create a beautiful, rich life that’s designed around what you desire—because here’s the secret: you can.
When you have six-figure student loans, an inbox full of bills, and a savings account with only $83.85 in it…the idea of wealth sounds so distant, you’d have to board a SpaceX rocket to reach it.
(Or maybe you’re “okay” financially. Your bills are paid...but you had to pick up a ton of extra shifts to pull this off, and you know if anything happened, you’d have to make those sacrifices again.)
The truth is: no matter what your financial situation is, wealth is available to you. You just need a trusted guide and mentor to show you how to get there.
There’s a big difference between me and most of the people giving out financial advice on the internet: I’ve been in your well-worn Danskos.
Hi, I’m Bonnie Koo, MD. I’m a board-certified dermatologist who’s passionate about teaching personal finance strategies designed specifically for women physicians. Just like you, I had to work harder to become and prove myself as a physician, just because I was a woman in a male-dominated field.
I wasn’t born or raised wealthy. In fact, I was born in South Korea, but my decidedly lower-middle-class family and I immigrated to New Jersey when I was two. My parents had the immigrant mindset of work hard, study hard, and become a doctor.
After majoring in biochemistry at Barnard College, I actually worked in the IT department of Morgan Stanley for four years. I made a six-figure salary by age 23. But I realized I really did want to help people, so I pursued my medical degree at Columbia University, and completed residency by age 38.
During that time, I went from riches to rags.
By the time I finished residency, I was living paycheck to paycheck, and using my credit card to fill in the gaps. I accumulated $20,000 of credit card debt and more than $200,000 in student loans. About 10 years prior to that, I had cashed out my 401(k) plan at Morgan Stanley.
See, I was well-educated, but I knew very little about money. (They certainly don’t teach anything about it in medical school.)
So what changed? In my last year of residency, I overheard a few residents discussing money and investing. I was intrigued, and they told me to read the White Coat Investor book. I did, and I was hooked. I began reading everything I could find to learn more.
I put my hard-won financial education to work and deep-sixed the debt and the loans...and rather than working hard for my money, I made my money work hard for me.
A few years later, I found myself answering everyone’s financial questions in a Facebook group. I didn’t know it then, but a business was born. Ever since, I’ve been teaching women medical students, residents, and physicians like you about personal finance.
I’ve also switched from running an inpatient dermatology service at a major academic institution, to practicing medicine in a way that feels rewarding for me. In the recent past that meant “living la vida locums” across the United States (most recently: Hawai’i!).
Best of all, I don’t have to work for someone else anymore. I get to spend my time how I want to.
And you know what? You—yes you—can have this too.
No matter what debt you have.
No matter which specialty you chose.
No matter where you live, or who you married (or divorced), or how many kids you have.
You can be wealthy.