Medics Money podcast

• Ep 292: Urologist with side hustle(s) Property investing + Stocks investing + Asthetics

  In this podcast episode, a urologist and multi-faceted investor, Randeep Dhariwal, joins as a guest to discuss his ventures in property investment, stocks and shares, and his new aesthetics business. The conversation dives deep into comparing property investing versus stock investing, balancing these pursuits with a medical career, and the importance of financial education for doctors. Randeep shares insights into how he chose his specialty in urology, the significance of fellowships, and offers advice on starting and managing investments. His upcoming aesthetics business and the importance of networking and continuous learning are also highlighted. This episode is valuable for medical professionals interested in expanding their financial knowledge and exploring diversified income streams. 00:00 Introduction and Guest Overview 01:39 Career Journey and Specialisation 03:01 Choosing Urology and Fellowship Insights 06:47 Personal Finance Beginnings 08:12 Property Investment Strategies 10:13 Stocks vs. Property: Pros and Cons 14:05 Financial Education for Doctors 16:30 New Business Ventures in Aesthetics 23:44 Final Thoughts and Future Plans

  --------  

  25:05

  --------

  25:05
• Ep 291: HALLOWEEN EARLY? Pension and Payroll DISASTERS

  In this episode of the Medics' Money podcast, Cyra, a doctor and chartered accountant, hosts guests Hanlie and Andy to discuss common pension and payroll issues within the NHS. Hanlie, a full-time consultant anesthetist, shares her personal experience of encountering pension growth discrepancies and a significant annual allowance tax charge due to payroll errors. Andy, a specialist medical accountant, explains the intricacies of the NHS pension scheme, how small data errors can cause large financial consequences, and actionable steps for identifying and correcting these errors. The discussion emphasises the importance of verifying pension data, understanding annual allowance calculations, and seeking professional advice when needed. The episode aims to raise awareness about financial wellbeing among NHS staff and provide practical advice for navigating pension-related problems. 00:00 Introduction and Guest Introductions 01:45 Understanding the Annual Allowance 05:23 Hanlie's Pension Nightmare 11:03 Identifying and Correcting Errors 18:44 Advice for Doctors on Pension Issues 30:36 Conclusion and Final Thoughts

  --------  

  34:08

  --------

  34:08
• MDT: Footballers (and doctors) get scammed, how tax traps change behaviour and disaster for GP partners.

  In this episode of the Medics' Money podcast, Ed, Andy, and Tommy discuss the impact of current UK tax policies on productivity, particularly focusing on fiscal drag and marginal tax rates. They highlight how tax traps are affecting both the public and medical professionals, especially those earning around the £100,000 mark. The team delves into budget speculations, including potential changes in national insurance that could impact GP partners. They also reflect on the V11 scandal involving Premier League footballers to draw parallels with how doctors can be vulnerable to poor financial advice. Key points include the dangers of high-pressure sales tactics, promises of high returns with minimal risk, and word-of-mouth referrals without proper due diligence. They emphasise the importance of financial education and the necessity of using vetted advisors. Additionally, they touch on pension issues, tax-free allowances, and the upcoming Medics' Money Live event. 00:00 Introduction and Overview 00:50 Meet the Medics Money Team 02:09 The New Middle Class Tax Revolt 03:19 Marginal Tax Trap Explained 07:49 Pre-Budget Speculation and Concerns 09:40 State Pension and Triple Lock 13:56 Trump's Investment Strategy for Newborns 18:40 National Insurance and GP Partners 23:00 Government Budget Speculation 23:33 Targeting Wealthier Classes 24:40 Marginal Tax Rates and Policy Behaviours 27:03 GP Partnerships and Business Structures 29:41 Financial Vulnerability of Footballers and Doctors 33:08 Red Flags in Financial Advice 41:59 Final Thoughts and Upcoming Events

  --------  

  44:10

  --------

  44:10
• Ep 290: How Doctors Can Thrive: Partnerships, YouTube, and the Power of Community

  A course for GP Partners: https://www.medicsmoney.co.uk/gp-partnership-programme/ E-mails: Dr Dave Hindmarsh: [email protected] For anything YouTube related and if anyone is interested in getting started on YouTube. Dr Matthew Wickham: [email protected] If you are a doctor looking to get into private practice by yourself and need help setting this up. Website: www.docsupport.co.uk SystmOne: Auto-filling guide: https://www.docsupport.co.uk/product-page/systmone-auto-filling-user-guide YouTube: Doc Support: https://www.youtube.com/@DocSupportLtd Eaglescliffe Medical Practice: https://www.youtube.com/@eaglescliffemedicalpractice SystmOne Auto-filling guide: https://youtu.be/e4yWR98XE38 Presentation on utilisation of YouTube in practice (40 minute presentation): https://youtu.be/lJF3j5bWhZM In this episode of the Medics' Money Podcast, Dr. Dave Hindmarsh returns to discuss his journey from a GP trainer and NHS partner to a content creator on YouTube. He rebranded his YouTube channel to 'Doc Support' and collaborates with Dr. Matthew Wickham to provide valuable medical and business content for fellow clinicians. Dave shares insights on managing GP partnerships like relationships, the efficiencies of auto-filing with System One, and using social media to improve patient care. He also delves into the business side of YouTube, leveraging niche content, and the importance of diversifying income streams. The conversation highlights the multi-faceted nature of modern medical practices and the potential of digital tools and platforms in transforming healthcare. 00:00 Reconnecting with Dr. Dave Hindmarsh 00:47 Journey from Military to GP Partnership 03:16 The Importance of Partnership Dynamics 05:42 Building a Supportive GP Community 10:07 Leveraging Social Media for Patient Engagement 14:30 Innovative Approaches in General Practice 17:41 Efficiency and Automation in GP Practices 19:21 The Power of Auto Filing in Clinical Practice 20:26 Collaborative Efforts and Teamwork 23:26 Expanding Beyond NHS Work 26:02 Monetising YouTube in a Niche Market 29:18 The Reality of Being a YouTube Content Creator 33:33 Balancing Partnership and Personal Ventures 35:23 Conclusion and Future Plans  

  --------  

  36:04

  --------

  36:04
• Ep 289: Why you should die with zero...

  In this insightful episode, Tommy welcomes Dr. Laura Naidoo, a GP from Northern Ireland, for her podcast debut to discuss the thought-provoking book 'Die With Zero' by Bill Perkins. They explore themes like living life to the fullest, spending money on experiences over accumulating wealth, and balancing financial security with adventure, especially from the perspective of medical professionals. The conversation delves into the psychological aspects of money, generational differences in financial habits, and practical tips for maximizing enjoyment and financial health throughout life. Dr. Naidoo shares personal stories and learnings, emphasizing the importance of early financial education and the impactful approach of spending in alignment with one's values and health stages. 00:00 Introduction and Book Recommendation 00:53 Guest Introduction: Dr. Laura Naidoo 01:18 Discussing 'Die With Zero' 03:49 Key Concepts from the Book 06:14 Personal Reflections on Wealth and Experiences 15:21 Impact of Background on Financial Perspectives 18:35 Challenges for Modern Medical Students 20:16 Advice for New Graduates 20:57 Balancing Spending and Saving 21:34 Concerns About Running Out of Money 21:44 The Importance of NHS Pension 23:21 Psychology of Money 24:36 Emotional vs. Logical Financial Decisions 27:28 Taking Sabbaticals and Mini-Retirements 31:11 Traveling with Kids vs. Without Kids 34:25 Summary and Recommendations for 'Die with Zero' 36:18 Final Thoughts and Course Promotion   Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter Disclaimer: The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

  --------  

  38:21

  --------

  38:21

More Education podcasts

Trending Education podcasts

About Medics Money podcast