Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will a...
Think You’re Bad With Money? Here’s Why That’s a Myth for Doctors | Ep. 05
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, join me, Dr Bi Mian, together with Jessica Brady, a maverick financial advisor who, after selling her award-winning practice, created accessible online money programs to help the 80% of Australians who couldn't access financial advice.Jessica talks about why traditional financial advice has become prohibitively expensive, with fees reaching $8,100 annually, how damaging money narratives particularly affect women's financial confidence, and why breaking free from the "I'm bad with money" mindset is vital for building wealth.She also discusses her innovative approach to making financial education fun and gamified, why waiting for the "perfect time" to start learning about money is a trap, and how bringing diversity to financial services can better serve all Australians.If you want to learn how to access quality money education without the hefty price tag of traditional advice, then make sure to listen to this episode!-----TIME STAMPS:0:00 - Intro02:03 - Changing Landscape of Financial Advice06:37 - Demographic Changes in our Society09:45 - Misconceptions About Women and Money15:51 - Jessica on Giving up Personal Advice23:39 - Taxes and Deductions.26:34 - The Barefoot Investor30:44 - Overriding Natural Bias toward Stability and Security32:59 - Concept of Knowing Yourself43:05 - Conclusion-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://jessicabrady.com.au/ https://courses.jessicabrady.com.au/investingfordoctorscall https://www.instagram.com/jessbrady_financialadvice/ https://au.linkedin.com/in/jessica-brady-21165812 https://m.facebook.com/61552351622335/ https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994 Jessica Brady (also known as Jessica Gerken) is an authorised representative of Paragem Pty Ltd. All comments made in the podcast are general in nature and do not take into account your objectives, financial situation or needs. Authorised Representative No. 001259972 | AFSL | 297276 ABN | 16 108 571 875 | Corporate Authorised Representative No. 1305567.-----LISTEN TO THE PODCASTSpotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast -----FIND US HEREWebsite: https://ifdgroup.com.au/<
-------- Â
44:18
Australian State Taxes Explained: The Best Property Investment Strategy for Doctors | Ep. 04
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, join me, Dr Bi Mian and Munzurul Khan, Chairman at KHI Partners, as we demystify state-based taxes in Australia and share insider strategies that could save doctor investors thousands in unnecessary tax payments.We talk about why land tax varies between states (and how to use this to your advantage), the truth about joint property ownership that most doctors don't know, and the hidden opportunities in stamp duty planning that could reduce your tax burden.We also explore the controversial shift from stamp duty to land tax systems currently being debated, why payroll tax seems to punish business growth (and what to do about it), and the strategic ways doctors can structure their property holdings to maximise tax thresholds.If you want to master the state tax landscape and make smarter property investment decisions, then make sure to listen to this episode!-----TIME STAMPS:00:00 - Intro01:02 - Why Are We Paying At a State & Federal Level?03:24 - Land Tax12:37 - Joint Venture & Land Tax Nuances14:50 - Stamp Duty25:22 - Payroll Tax29:44 - Inheritance Tax33:52 - Conclusion-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://khipartners.com.au/ https://au.linkedin.com/in/munzurul-khan-7ba6a318 -----LISTEN TO THE PODCASTSpotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast -----FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors -----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.Â
-------- Â
36:07
Why Do Australian Doctors Pay So Much Tax? (And What to Do About It) | Ep. 03
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, join me, Dr Bi Mian and Munzurul Khan, Chairman at KHI Partners, as we share important tax fundamentals that every doctor needs to know to optimise their tax position and maximise their earnings.We talk about why Australia's self-assessment tax system creates unique opportunities and responsibilities, how the widely misunderstood marginal tax rate system actually works in your favour, and the strategic advantage of superannuation's concessional 15% tax rate.We also discuss the clever ways to leverage capital gains tax discounts for wealth building, how franking credits can boost investment returns, and why international doctors with overseas assets must be extra careful with their tax planning.If you want to make smart financial decisions that could save you thousands in taxes as a medical professional in Australia, then make sure to listen to this episode!-----TIME STAMPS:00:00 - Intro01:47 - Tax Obligations / How an Accountant Thinks About Taxes04:58 - Deep Dive Into Aus Tax System06:26 - Income Tax Tiers09:14 - Superannuation Tax / Concessional Contribution13:28 - How Are Things Taxed Within a Superfund?14:47 - Superfund Tax17:18 - Capital Gains Tax23:25 - Dividends / Franking Credit29:35 - International Association / Deemed Capital Gain31:39 - GST34:40 - Conclusion-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://khipartners.com.au/ https://au.linkedin.com/in/munzurul-khan-7ba6a318 -----LISTEN TO THE PODCASTSpotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast -----FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors -----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
-------- Â
35:45
Are You Being Underpaid as a Doctor? Here’s What to Look Out For | Ep. 02
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, join me, Dr Bi Mian and Munzural Khan, Chairman at KHI Partners, as we share important financial tips that could save early-career doctors from costly employment mistakes and missed entitlements.We talk about the elements every doctor should check on their first payslip, the complexity of medical overtime payments and penalties, and why HECS obligations can create unexpected tax headaches if not properly managed.We also discuss the differences in doctor pay scales between Australian states, how enterprise bargaining agreements can significantly impact your earning potential, and a real-world case where a doctor discovered years of underpayment due to incorrect pay grade classification.If you want to protect yourself from common employment pitfalls, ensure you're being paid correctly, and maximise your financial benefits as a medical professional, then make sure to listen to this episode!-----TIME STAMPS:00:00 - Intro01:36 - Finishing Med School, Becoming an Intern / Pivotal Point09:06 - Working Overtime Payment + Super10:56 - NSW Health Workers Not Being Paid Enough / Looking at Payslips18:10 - Doctors Double Dipping on Cash Threshold21:38 - Doctors Paying Tax23:05 - Claim Salary Packaging / Pushing You up for Hecs24:29 - Looking at Different States / Enterprise Bargaining Agreements30:05 - Employment Perspective / Pearls of Wisdom from Munzural33:07 - Conclusion34:10 - Outro-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://khipartners.com.au/ https://au.linkedin.com/in/munzurul-khan-7ba6a318 -----LISTEN TO THE PODCASTSpotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast -----FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors -----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.Â
-------- Â
34:35
The Money Lessons Medical School Never Taught You | Ep. 01
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In our first episode of Investing for Doctors Podcast, join me, Dr Bi Mian and Munzural Khan, Chairman at KHI Partners, as we share our insights about the unique financial opportunities and challenges medical professionals face.We talk about how doctors can shift their mindset from solely earning income to building wealth, why having a solid financial team is essential for long-term success, and how understanding finances can lead to career optionality.We also discuss the surprising ways doctors' financial decisions can impact patient care, the smart tax management strategies they can leverage, and some exciting future plans for Investing for Doctors.If you want to learn how to grow your wealth without feeling financially trapped by your medical career, then this episode is for you!----- SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://khipartners.com.au/ https://au.linkedin.com/in/munzurul-khan-7ba6a318 -----LISTEN TO THE PODCASTSpotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast -----FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors -----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.Â
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Australia