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
