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Dev Raga Personal Finance
403 redundancy insurance, sole traders & tax, income protection inside vs outside super + more
Jan 30, 2024
The podcast discusses ethical dental practice, income goals, redundancy insurance, managing money owed to the ATO, and the importance of planning taxes. The host also addresses a review and encourages ratings.
24:13
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Quick takeaways
- Finding a balance between ethical practice, making enough money, and pursuing personal passions within and outside of a profession is a challenge.
- Redundancy insurance provides short-term coverage for job loss due to redundancy or business insolvency.
Deep dives
Finding a Balance Between Ethical Practice and Financial Success
Finding a balance between ethical practice, making enough money, and pursuing personal passions within and outside of a profession can be challenging. Ethical considerations in dentistry, for example, include working in the private sector, charging higher gap amounts, and servicing specific communities. Core principles in dentistry, such as patient autonomy, non-malfeasance, beneficence, justice, and truthfulness, guide ethical decision-making. When it comes to making enough money, it's important to determine the minimum amount needed to cover expenses and establish a fee structure that allows for financial stability with the least amount of working hours. Negotiating better percentages, specializing within a field, and honing skills can also contribute to financial success.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode