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Financial Strategy

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The Essential Guide to Starting Your Own Medical Practice

Posted in Financial Strategy,19th June 2017

  Are you a GP or specialist thinking about setting up your own medical practice? Taking the next step into independent practice enables you to achieve your lifestyle and wealth-building goals. However, making the leap from employment to running your own business can be daunting, and you’ll want to make sure you’re ready and supported

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Loan Savings on Mortgages for Medical Professionals

Posted in Loans & Financing,17th August 2015

  As a medical professional, there are a number of savings that might be on offer to you from some of the major financial institutions in Australia. While this is not common knowledge, it is definitely something that is worth looking into as you could experience significant savings compared to standard loan and mortgage offerings

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Year Starter Financial Tips for Doctors

Posted in Financial Strategy,16th January 2014

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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Doctor’s Guide to Good Debt and Bad Debt

Posted in Financial Strategy,26th November 2013

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 Management Tips for Doctors

Posted in Financial Strategy,23rd October 2013

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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Financial planning for Doctors – More than just Advice

Financial planning for Doctors – More than just Advice

Posted in Accounting & Taxation,04th March 2013

Financial planners are often the first port of call for doctors that are seeking advice on investing a lump sum of money. However, that is just the tip of the iceberg. A professional medical financial adviser has the knowledge and skills to help you achieve your goals and objectives by tailoring strategies to specifically address

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Interest Rates - To Fix or Not to Fix

Interest Rates – To Fix or Not to Fix ?

Posted in Loans & Financing,22nd October 2012

There is a lot of hype in the market for finance at the moment. Why? Because fixed rates are at a 20 year low. See the graph below in regard to 3 year fixed rates and the path they have taken over the last 2 decades. This of course has led to a great deal

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Finance for GPs

Finance for GPs

Posted in IQ+,02nd February 2012

Being a GP is an opportunity to access one of the most stable incomes in the medical world and perhaps even the whole professional world. There is a range of incomes within general practice, with procedural GP’s (e.g. those who do anaesthetics, obstetric care, minor ops, skin cancer work) having access to increased financial rewards

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Risk Profiling for Medical Professionals

Risk Profiling for Medical Professionals

Posted in Investments & SMSF,02nd February 2012

With limited exception, a meeting with a financial planner will always involve a discussion around the risk profile of the client. This usually takes the form of several structured question to determine the client’s perception of how they view investment ‘risk’ and how volatility in their investments might impact their emotions and decisions. An aggressive

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A good time to review your mortgage or mortgage provider

A good time to review your mortgage or mortgage provider

Posted in IQ+,02nd February 2012

Just as the global capital markets continue to thaw out following the GFC, so too is the competition returning to the mainstream mortgage and investment debt markets. Following 3 months of contracting mortgage figures, May showed a solid recovery with mortgage sales increasing by 18.8% according to the AFG Mortgage Index. Property markets around the

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