Category: IQ+

Year Starter Financial Tips for Doctors

Welcome to 2014! The start of a new year is often seen as a chance to start afresh.  For 2014, why not start a resolution to stop rushing things and completing them a few days before the deadline and start planning ahead.  Having a proper financial plan helps you to ensure that your financial future […]

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Strategic Business Tips for Running a Medical Practice

Running a medical practice is essentially the same as running any other financial businesses.  Questions is, is your medical business “on track”? … However, not all medical practice groups can provide a clear-cut answer to this question.  Why?  Because they have not established the business objectives for their medical practice. Here’s a strategic business tip: […]

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Doctor’s Guide to Good Debt and Bad Debt

It is a common thought that we need to avoid debt, or pay off any debt we have as fast as possible. That is good, solid, but conservative advice.  Why conservative? Because you may be able to grow your financial assets faster by using what we call “good” debt. Let’s explain this: Good Debts vs […]

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Debt Management Tips for Doctors

Debt can be a wonderful slave but an unforgiving master. Australia, in common with many western countries, has an extraordinarily high level of consumer debt. The number of new credit card accounts opened in the 12 months prior to December 2012 increased by 210,000. But the scariest figure is the accruing interest on credit cards […]

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How Can Doctors Maximise Their Super?

Whilst employers including hospitals and medical clinics are required to pay a proportion of an employee’s salaries and wages into a superannuation fund, medical practitioners are encouraged to put aside additional contributions to their respective superannuation fund. The goal of superannuation is to accumulate money to provide you with an income in retirement. To achieve […]

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Medical Marketing for Doctors – Gaining the Edge for Your Practice

“Marketing takes a day to learn. Unfortunately it takes a lifetime to master.” ~ Phil Kolter   As a Doctor you have spent years earning your credentials and learning about your medical specialisation. Now you are finding that sustaining and growing your practice requires you to enter into competition with other Doctors or Healthcare Professionals […]

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End of Year Tax Tips for Doctors

The end of the tax year is edging closer.  If you haven’t planned how you will maximize your income and save some tax, take note! The most effective strategies are often the simplest and can be applied before 30 June this year whilst others should be considered for next year. Here are both categories to […]

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Doctor’s Guide to Borrowing via an SMSF to Invest

As Self Managed Superannuation Funds (SMSF) become more popular the demand for more investment opportunities within that structure increases. Changes now mean that as long as strict conditions continue to be met, your SMSF can now borrow to invest, thus further bolstering retirement savings. How does it work? Borrowing for investment within superannuation depends on […]

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Investment Properties for Doctors

Every now and then, doctors tend to forget the original intention of acquiring an investment property or simply not have time to be involved to maximise the investment.  You may have already acquired an investment property or is contemplating buying; the associated benefits should not to be overlooked.  Investment properties help the investor to maintain […]

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Budgeting for Doctors – surplus or deficit?

Each year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government intends to spend its revenue in the coming year – whether it can afford to give us tax cuts and whether it expects to spend more (deficit) or less (surplus) […]

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