Ep 305: Essential Financial Mistakes to Avoid for Medical Professionals (especially GPs!)

PocketSmith is proud to sponsor this episode of Medics Money. If you want clarity and confidence in managing your money, plus 50% off your first two months of PocketSmith, head to: https://www.pocketsmith.com/medics-money/ In this episode of the Medics' Money Podcast, hosts Dr. Tommy Perkins is joined by series veteran Ian Crompton to discuss crucial financial advice for medical professionals. They delve into common financial mistakes that doctors and dentists should avoid, including nuances related to valuations, types of finance, ownership issues, and succession planning. With Ian's extensive experience as an independent broker and consultant working with GPs, the conversation highlights the importance of getting expert advice to navigate the complexities of financial decisions in the healthcare sector. Tune in to learn how to make informed financial choices to ensure long-term success and stability. 00:00 Introduction to Medics Money Podcast 01:20 Welcoming Back Ian Crompton 02:04 Top Tips and Common Mistakes 05:03 Valuations and Financial Considerations 11:23 Understanding Different Types of Finance 16:04 Ownership Issues and Succession Planning 22:41 Hand Me Down Loans and Inheritance Loans 31:15 Summary and Final Thoughts

Mentioned in this episode:

**Terms and Conditions apply. Capital at risk. You must remain invested for 12 months to retain the welcome bonus. One Bonus per client. These are affiliate links and Medics Money may get a commission at no cost to you if you go onto open an account.** Personal Investing: https://investengine.com/affiliate-welcome/?utm_medium=Affiliate&utm_source=Medics%20Money&utm_content=Podcast Business Investing: https://investengine.com/affiliate-business-welcome/?utm_medium=Affiliate&utm_source=Medics%20Money&utm_content=Podcast

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(377)

[MDT] NHS Pension £7.4 BILLION surplus, £1.1 trillion cash bonfire, stealth tax traps continue..

Current money issues for doctors: the £100k tax trap, cash drag, and the NHS pension surplusA Medic's Money MDT episode with Tommy Perkins, Dr Cyra Asher, Andy Pow, and Ed. The team breaks down three ...

4 Sep 48min

Ep 340: TRUST ME, I'm an expert in IHT

In this episode, Cyra sits down with Shivali, a senior private client lawyer at Talbots specialising in wills, estates, trusts, and tax, for a deep dive into inheritance tax (IHT). They cover the basi...

1 Sep 35min

Ep 339: These tax tips can save Doctors £THOUSANDS in tax

You could save £thousands with our free guide - https://medicsmoney.co.uk/free-guide/In this episode, Ed GP, chartered accountant and tax advisor) and Andy Pow (specialist medical accountant with 30+ ...

25 Aug 25min

Ep 338: NHS loses Thousands of Doctors abroad — Asterix health is bringing them back

Check Aserix out here: https://asterix.health/Tommy is joined by Julian, co-founder of Astrix Health, a startup tackling the NHS GP shortage by bringing GMC-registered doctors working abroad back into...

18 Aug 29min

Ep 337: NHS Pension for New (and current) Doctors: The £7 Billion Question

Join Medics' Money with a free guide here: https://medicsmoney.co.uk/free-guide/In part two of the Medics' Money New Doctors' Finance series, Dr. Ed Cantelo sits down with specialist medical accountan...

11 Aug 26min

Ep 336: Budgeting, Investing & Surviving Your New Rotation

Get your free guide here: https://medicsmoney.co.uk/free-guide/Starting a new rotation, or FY1, is exciting, overwhelming, new payslips, and filled with a whole lot of new questions. In this episode, ...

5 Aug 20min

Ep 335: Why is buying/selling my house taking so long??

This week, Cyra (a chartered accountant and doctor) interviews Donna Butler, a technical support solicitor at Talbots Law, about why buying and selling property is so slow and stressful. Donna outline...

4 Aug 51min

Ep 334: From bad to worse? GP contract update

Cyra (a doctor and chartered accountant) hosts GP Dr Steve Taylor and specialist medical adviser Andy Pow to discuss UK general practice finances. They describe long-term underfunding, noting average ...

21 Jul 35min