May 4th, 2023
When it comes to investing for doctors, understanding your risk tolerance is crucial. Risk tolerance encompasses two distinct factors: your willingness and ability to take risks. While your ability to take risks can be objectively assessed, your willingness is a more personal and subjective matter. As a doctor, it’s essential to recognize both aspects of […]
Continue readingAugust 14th, 2017
As a medical doctor, you can reduce your risk exposure by taking out appropriate personal and practice insurance. Personal insurance like income protection, life and disability, and trauma products can protect you against unexpected events. Public liability and medical indemnity insurance shields you and/or your practice against professional risks. Knowing when to review your insurance […]
Continue readingJune 19th, 2014
As a doctor, starting your own practice is an accomplishment that ranks alongside earning your medical degree. Finally, you can enjoy free reign of your schedule and have unlimited earning potential.
Continue readingJune 18th, 2014
As a medical doctor in Melbourne, it’s normal to find yourself stressed with trying to balance the performance of your profession and the management of your business─ especially since your practice is both. In this crisis, you should look into hiring reputable medical accountants from Melbourne firms like MEDIQ Financial; otherwise you might find yourself […]
Continue readingJune 17th, 2014
When it comes to professions, being a doctor has got to be one of the best– even in Victoria’s most populous city, you can easily stand out amongst those being well-paid for what they do. However, being high up on the career ladder also means that you are prone to spending more than you should. […]
Continue readingMay 28th, 2014
You’ve studied for several years and after seemingly endless bouts of hard work and sleepless nights, you’ve finally become a full-fledged medical doctor. Life is supposed to get a little easier now that you’re earning six-digit wages every year, right?
Continue readingMay 26th, 2014
Taxes are the lifeblood of the economy. However, if you’re a medical practitioner in Australia, you’ll still want to reduce the taxman’s burden on you in some way. Amanda Bryan of Medical Journal Australia writes:
Continue readingApril 12th, 2014
“Doctor, heal thyself” is an advice that many medical professionals just seem to ignore, in their desire to provide the best possible care for their patients. Recognizing this syndrome, the Australian Medical Association has come up with a position paper that reinforces the need for doctors and medical students to look after their own health, […]
Continue readingApril 11th, 2014
One of the common notions about medical practitioners is that they are among the highest earning professionals anywhere. True enough, after spending years of training and studying to perfect their skills, doctors often reap the rewards of their labour once they have established a successful practice. However, as in any other profession, financial problems can […]
Continue readingApril 10th, 2014
Not all Australian taxpayers can afford private health care insurance. Many rely on Medicare to get medical services either for free or with rebates. Medicare is a health care system designed to subsidise whole or part of certain medical services to eligible Australian citizens.
Continue reading