Medics Money podcast

Ian Crompton, a seasoned healthcare finance expert and former Lloyds Bank executive, shares vital financial insights for medical professionals. He tackles common pitfalls like surgery valuations, the effects of rising interest rates, and the intricacies of ownership and succession planning. Ian emphasizes the importance of expert advice, especially regarding the risks of inheriting loans and navigating bank requirements. He concludes with key strategies to ensure smart financial decision-making for long-term stability in practice.

Free live financial training  https://medicsmoney.co.uk/live/ In this episode of the Medics' Money podcast, the team discusses their 2025 financial resolutions and sets new ones for 2026. With contributions from Dr. Tommy Perkins, Andy Pow, Dr. Ed Cantelo, Matthew, and Dr Cyra Mackintosh, they reflect on their successes and challenges over the past year. Andy shares the success of starting a new business, while Cyra discusses the challenges of maintaining savings and planning for a new baby. Dr. Tommy Perkins talks about his physical recovery, despite not meeting his resolution fully. The episode also delves into the importance of ethical investing and accurately managing pension records, offering valuable insights and advice for doctors and other professionals looking to improve their financial well-being in the coming year. The podcast ends with a reminder of upcoming live events in January to help structure and improve finances for 2026. 00:00 Introduction and Upcoming Events 00:51 Team Introductions and 2025 Resolutions Recap 02:25 Tommy's 2025 Resolution and Future Plans 07:57 Andy's 2025 Resolution and New Business 10:51 Cyra's 2025 Resolution and Personal Updates 13:48 Matthew's 2025 Resolution and Financial Plans 15:51 Ed's 2025 Resolution and Pension Focus 22:47 Final Thoughts and Upcoming Live Sessions

In the penultimate episode of the Medics' Money Podcast for 2025, hosts Dr. Tommy Perkins and Dr. Ed Cantelo, along with team members Cyra, Andy, and Matthew, celebrate a successful year and engage in their annual end-of-year quiz. The quiz features a mix of questions about the team, financial achievements, and UK tax trivia, exploring topics like fiscal drag, VAT rates, and historical taxes. The team recalls their best moments of 2025, including record numbers of doctors assisted and popular YouTube videos. They also discuss significant changes in ISA limits set for April 2027. The episode wraps up with a thank you to their listeners for their continued support, along with wishes for a happy holiday season. 00:00 Welcome to the Medics' Money End of Year Quiz! 00:31 Meet the Team 02:28 Quiz Round 1: Medics Money Achievements 10:15 Quiz Round 2: Pet-Themed Fun 14:41 Quiz Round 3: Fiscal Drag and Finances 20:01 Reflecting on Fiscal Drag and Inflation 20:40 Investing in 2025: Navigating AI Bubbles and Market Volatility 23:36 Understanding Stock Market Volatility 26:33 ISA Limits and Government Policies 31:55 Tax Trivia: Unusual Historical Taxes 35:20 VAT Rates and Peculiarities 38:09 HMRC Excuses and Tax Return Deadlines 40:39 Wrapping Up: Medics' Money's Year in Review

In this episode of the Medics Money podcast, Tommy interviews Angus Perry, a GP with a passion for integrating technology and lifestyle medicine into healthcare. Angus discusses his journey from being a GP to founding GeneralPractice.ai, a platform designed to create personalised management plans for chronic conditions and promote lifestyle changes. The conversation explores the challenges of implementing lifestyle medicine in a time-constrained environment, the importance of patient engagement, and the role of technology in modern healthcare. Angus shares insights on building a minimal viable product, the significance of passion in entrepreneurial endeavours, and offers advice for young clinicians looking to future-proof their careers in an evolving medical landscape. Chapters 00:00 Introduction to Angus Perry and His Journey 02:32 The Importance of Lifestyle Medicine in General Practice 05:23 Challenges in Implementing Lifestyle Changes 08:05 Building a Solution: GeneralPractice.ai 10:45 The Mechanics of Creating a Health Tech Startup 13:38 How GeneralPractice.ai Works for Patients and Clinicians 16:26 The Role of Gamification in Health Management 18:59 Advice for Young Doctors and Future Trends in Medicine

Explore the complexities of UK student loans as experts break down the differences between Plan 2 and the newly introduced Plan 5. Learn how these plans affect repayments, interest rates, and the financial future of new doctors. Discover whether student loans resemble a graduate tax rather than a standard loan. The discussion delves into the real costs of education, the burden on students, and the vital need for evaluating loan necessity. Finally, they tackle the value of degrees and the implications of recent university strikes on student finances.

In this episode, Dr Kurar discusses the pressures faced by NHS doctors and the steps they can take to transition from clinical medicine to industry roles. Dr Kurar outlines the importance of financial education, the power of LinkedIn for networking, and the various transferable skills doctors possess. Additionally, they share personal experiences, including setting up a property investment venture and optimising company pension schemes. The conversation provides a comprehensive guide for doctors contemplating a career change, emphasising the significance of planning, LinkedIn optimisation, and leveraging existing skill sets.   00:00 Introduction: Transitioning from NHS to Industry   01:05 Dr Kurar's Background and Motivation   01:12 The Role of Financial Education   01:58 Discovering the Podcast and Initial Steps   02:42 Current Role in Regulatory Space   03:58 Maintaining Clinical Work and Side Hustles   04:41 Steps to Transition from NHS to Industry   06:41 Leveraging LinkedIn for Career Transition   11:28 Transferable Skills for Doctors   13:12 Financial Aspects of Transitioning   16:12 Property Investment Journey   20:39 Concluding Thoughts and Advice

In this discussion, guest Andy Powell, a specialist medical accountant, breaks down the recent budget changes that impact healthcare professionals. He discusses the implications of frozen income tax thresholds and new rates for property, savings, and dividends. The conversation highlights the lack of changes to NHS pensions and warns of future caps on salary sacrifice. Listeners also learn about planned NHS spending on digital investments and new health centres, alongside changes in vehicle duties and council tax for luxury homes.

Empowering Medical Professionals: Financial Insights with Dr. Hassan In this episode of The Medics Money Podcast, Dr. Hassan makes his debut. He's an F2 doctor in the NHS, active on social media as Dr. Hassan Finance. Dr. Hassan discusses the importance of financial literacy for healthcare professionals, sharing insights on investment strategies, the significance of transparent financial discussions, and the concept of the FIRE (Financial Independence, Retire Early) movement. He also speaks about the current financial struggles in the NHS, including the need for fair pay and the upcoming doctor strikes. Additionally, the conversation covers practical advice on managing personal finances, maximizing income, and cutting unnecessary expenses for a balanced approach to financial wellness. 00:00 Introduction to Medics Money Podcast 01:24 Special Guest: Dr. Hassan on Financial Wellbeing 03:30 Breaking Financial Taboos in Medicine 07:27 Investing: Mindset Over Stock Picking 11:13 The Power of Compounding and Long-Term Investing 15:25 Time vs. Money: The Ultimate Wealth 18:22 The FIRE Movement and NHS Pension Concerns 23:59 Opting Out of the NHS Pension: Pros and Cons 24:26 The Financial Benefits of Staying in the NHS Pension 25:44 Considering Personal Circumstances and Financial Advisors 27:17 The FIRE Movement: Tips and Strategies 28:07 Balancing Income and Expenses for Financial Independence 29:34 The Importance of Having a Financial Plan 34:43 Social Media and Financial Advice for Doctors 40:25 Upcoming Resident Doctor Strikes 44:31 Conclusion and Final Thoughts

In this episode of The Medics' Money Podcast, Tommy dives into Bitcoin with guest Dr. Fahim. Dr. Fahim, a GP and finance enthusiast, critiques the financial system, explaining the historical context and the current monetary practices that make Bitcoin valuable. They discuss Bitcoin's role as a store of value, its volatility, and its potential in a diversified investment portfolio. The conversation covers the broader economic impact of inflation, central banking, and the technological trends shaping the future of finance. This episode is a comprehensive guide for professionals looking to understand Bitcoin's place in the market and its potential impact on their financial strategies. Follow @thesecretdoc 00:00 Introduction to Medics Money Podcast 01:22 Guest Introduction: Dr. Fahim 02:23 Understanding Bitcoin and Economic Systems 07:56 The History and Evolution of Money 12:36 Inflation and Its Impact on Wealth 19:45 Investment Strategies and Portfolio Management 22:58 Bitcoin's Role in Modern Portfolios 32:06 Bitcoin's Dominance in the Market 32:29 Questioning Bitcoin's Valuation 34:47 Fundamental Properties of Bitcoin 35:05 Bitcoin's Role in Global Conflicts 37:02 The Value of Decentralisation 39:38 Bitcoin as a Store of Value 41:04 Bitcoin's Adoption and Volatility 46:07 Comparing Bitcoin to Traditional Investments 50:27 The Future of Bitcoin and Technology 54:57 Final Thoughts and Investment Advice

https://gptriage.com/ In this episode of The Medics Money Podcast, Dr. Tommy Perkins discuss the emerging role of artificial intelligence in primary care. The conversation explores the benefits of GP Triage, an autonomous triage and booking solution designed to improve patient access and streamline operations in GP practices. Key topics covered include the system's customization options, funding strategies, language accessibility, digital inclusion, and the future of AI in healthcare. The guests provide insights into how GP Triage was developed, its impact on practice efficiency, and its potential to enhance patient care and satisfaction. The episode concludes with predictions on the future transformation of primary care by AI technologies. 00:00 Introduction to Medics Money Podcast 00:51 Challenges in Primary Care 01:57 Meet the Guests 03:04 What is GP Triage? 04:57 How GP Triage Works 06:37 Customization and Benefits of GP Triage 08:41 Funding and ROI for GP Triage 15:34 Addressing Digital Exclusion 19:02 Future of AI in Healthcare 25:44 Getting Started with GP Triage