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Medics Money podcast

Latest episodes

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Jul 30, 2024 • 39min

Ep 223: Medics Money MBA - the £1billion business in doctors' pockets

Medics Money MBA Part 1 Get paid for your Opinion here!  In this episode, Tommy is joined by special guest Sanay Goyal to explore the world of business through the lens of the Blue Light Card. They discuss the financial success of Blue Light Card, a 50 million pound a year business, and delve into its operations, profitability, and potential growth. The episode covers other business concepts such as cash flow, revenue, gross profit, and vertical integration, illustrating how understanding these concepts can help professionals in the healthcare space make informed financial decisions. 00:00 Introduction to Medics Money MBA 01:13 Introducing Private Practice 3.0 01:36 Meet Sanay 02:32 Exploring Business Models 03:26 Understanding Companies House 03:57 Breaking Down the Blue Light Card 05:24 Financial Insights and Profit Margins 18:41 Understanding Profit Margins 20:03 The Power of Network Effects 20:32 Exploring the Blue Light Card Business Model 24:57 Gymshark's Negative Cash Cycle Explained 29:51 Potential Growth and Risks for Blue Light Card 37:51 Conclusion and Call to Action 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
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Jul 23, 2024 • 44min

Ep 222: Anaesthetist with a £plan - investing, protection and the problem with BLEEP advisors.

Robbie, one of our listeners, joins Tommy today to talk about everything he's learned from Medics' Money and his own financial plan. 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.
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Jul 16, 2024 • 54min

Ep 221: Active v passive investing, simple portfolio = better, the problem with restricted advisers and insure what you can’t afford to lose.

Tommy and Ed were lucky enough to be invited onto the Century Plan Podcast recently with Sarah Steele and Dennis Hall.   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 Check out the Century Plan Podcast here --> https://yellowtail.co.uk/the-century-plan-podcast-human-behaviour-and-financial-planning/ Music credit: MetzMusic on YouTube.
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Jul 9, 2024 • 21min

Ep 220: How to run a happy, profitable, successful GP Partnership

Sign up for our upcoming GP Partnership Course here: http://www.medicsmoney.co.uk/gpcourse Join us in this insightful episode where we chat with Dr. Hannah Robbins, a GP partner who shares how she revolutionized her practice by utilizing effective systems and processes. She discusses reducing her daily administrative workload, claiming £18,000 in extra income without additional work, and applying the Team Sky marginal gains approach to improve practice operations. Learn about her journey from anesthetist to GP partner, leveraging her side hustles, and the significance of networking, finance management, and embracing change for career growth. 00:00 Introduction to Today's Podcast 01:47 Meet Dr. Hannah Robbins 02:20 Journey to Becoming a GP Partner 05:02 Innovative Systems and Processes 07:25 Impact of MedicsMoney Course 08:34 Financial Insights and Community Benefits 15:13 The Power of Networking and Mentorship 18:16 Advice for New GP Registrars 20:04 Final Thoughts and Wrap-Up 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
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Jul 4, 2024 • 13min

TRIAGE: Resolutions for your Financial Plan

Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew! Original Episode: https://www.youtube.com/watch?v=8JubSp4dn-Y Subscribe to our YouTube: https://www.youtube.com/@MedicsMoney Want to stay up to date with the latest financial information for doctors? 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.
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Jul 2, 2024 • 46min

Ep 219:12 tax hacks including moving to Dubai tax free, directors loans and family tax efficiencies

Tommy is joined by TikTok legend Steve Nichols today, sadly without a Hawaiian shirt, to talk through 14 of your most asked questions. 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.  
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Jun 27, 2024 • 19min

TRIAGE: Could you start your own business?

Medics' Money Triage aims to give you bite-sized popular topics from our main episodes, hosted by me, Matthew! Original Episode: https://open.spotify.com/episode/7qCWyVE9iyYvnGv7FxaBw8?si=a8507e1d96b3492e Subscribe to our YouTube: https://www.youtube.com/@MedicsMoney Want to stay up to date with the latest financial information for doctors? 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.
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Jun 25, 2024 • 38min

Ep 218: Unveiling GP Practice Structures: Partnerships, Limited Companies, and LLPs with Expert Kate Perry

Cyra welcomes back RBP to the podcast by talking with Kate Perry all about GP Practice Structures. 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.
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Jun 18, 2024 • 43min

Ep 217: 2024 Election - What needs to change for NHS workers?

This week, Tommy, Ed, Matthew, Cyra and Andy sit down to discuss crucial financial changes needed in political manifestos to support healthcare workers. We cover FIVE main topics: student loan forgiveness, stealth taxation, marginal rates of tax, lifetime and annual allowances, and resolving pay and industrial action issues. We also debate the current financial burdens on doctors, nurses, and dentists, and suggests potential reforms that could alleviate these pressures.   TIMESTAMPS 00:00 Introduction and Breaking Conventions 00:19 Meet the Hosts and Guests 00:49 Financial Changes for Healthcare Workers 02:18 The Student Loan Crisis 09:53 Stealth Taxation Explained 15:43 Marginal Rates of Tax 23:53 Pension Tax Charges: Annual and Lifetime Allowance 31:58 Pay and Industrial Action 40:39 Final Thoughts and Key Takeaways   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
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Jun 13, 2024 • 20min

TRIAGE: Cornerstones of Financial Wellbeing You Might Have Missed

Learn about essential financial advice for medical professionals, budgeting, debt management, and wealth building strategies. Discover the importance of NHS pension and managing it effectively, government support, student loan challenges, investing, and clinical documentation burden. Explore graduate tax, student loan repayment terms, and resources like the Medics Money Financial Wellbeing Course.

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