Medics Money podcast

Exploring the inception and growth of the Medic's Money Podcast, reflecting on impactful episodes and financial tips, discussing the benefits of Lifetime ISA and NHS pension contributions, insights into UK Inheritance Tax and tax planning strategies for healthcare professionals.

Exploring the success of a podcast aiding doctors in financial management. Discussing challenges in monetizing content and providing tailored financial advice for healthcare professionals. Debating free vs paid information and addressing the psychological aspect of money management in healthcare.

This podcast discusses investment risk and covers topics such as risk assessments, active vs. passive investment strategies, risk profiling, fees and advice in financial planning, the role of bonds in portfolios, long-term investing challenges, and investing with data and fees for long-term success.

Tommy and Steve from Nichols & Co talk about limited companies for tax savings, including income-spreading strategies and the myth of tax efficiency. They discuss the importance of understanding salary limits, maximizing state pension benefits, and checking National Insurance record. They also mention the benefits of having a paper round job in youth for NI record and touch on taking a salary and its ancillary benefits.

Tommy and Will Ellis from BW Healthcare Surveyors sit down today to talk about GP premises and why you might need a surveyor.  Get in touch with Will - will.ellis@bwhsurveyors.co.uk https://bwhsurveyors.co.uk/ Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney Music credit: MetzMusic on YouTube.

The podcast discusses wealth building strategies such as minimizing taxes, understanding investments, and comparing pensions to ISAs. It offers tips on NHS pensions and common questions related to wealth building. The Medics Money GP Partnership course is promoted, along with a discussion on tax rates and work-life balance. It emphasizes valuing time, budgeting for taxes, and staying organized. The concept of opportunity cost in subscriptions is explored, as well as cash flow modeling and investment options.

Exploring the latest updates on the McLeod remedy in the NHS pension system, discussing the complexities and implications for members. Highlights include understanding pension changes, navigating financial advice for NHS workers, and the impact of the McCloud case on pension scheme members.

Dr Cyra Mackintosh joins Tommy to explore the persistent gender pay gap in modern medicine.  Submit one thing you’ve learned from the Medics’ Money Podcast HERE —> www.medicsmoney.co.uk/1million Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney Music credit: MetzMusic on YouTube.

Find your Financial Early Warning Score: https://www.medicsmoney.co.uk/  In this episode, Tommy and Ed unveil a new financial score tool that helps you assess your financial health and set New Year's resolutions. The episode covers various topics, including the importance of saving and controlling spending, paying down bad debts, protecting finances, investing for wealth accumulation, maximizing tax efficiency, and organizing finances. We emphasize the need to take action and overcome financial worries to achieve financial goals. In this conversation, Tommy and Ed discusse the importance of organizing financial records and setting new year's resolutions. He shares his experience with the Help to Buy loan scheme and his goal of paying off debt. Tommy also talks about his resolution to get fit and the challenges he faced due to an injury. He discusses his investment strategy and the possibility of transferring his cash LISA to a stocks and shares LISA.   Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter https://twitter.com/medicsmoney Follow us on Instagram https://www.instagram.com/medicsmoney

A short episode from Ed all about the changes to income tax in Scotland in 2024. Submit one thing you’ve learned from the Medics’ Money Podcast HERE —> www.medicsmoney.co.uk/1million Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney Music credit: MetzMusic on YouTube.