Medics Money podcast

Ep 303: FUN (serious) Money QUIZ (test) How did you £score?

In the penultimate episode of the Medics' Money Podcast for 2025, hosts Dr. Tommy Perkins and Dr. Ed Cantelo, along with team members Cyra, Andy, and Matthew, celebrate a successful year and engage in their annual end-of-year quiz. The quiz features a mix of questions about the team, financial achievements, and UK tax trivia, exploring topics like fiscal drag, VAT rates, and historical taxes. The team recalls their best moments of 2025, including record numbers of doctors assisted and popular YouTube videos. They also discuss significant changes in ISA limits set for April 2027. The episode wraps up with a thank you to their listeners for their continued support, along with wishes for a happy holiday season.

00:00 Welcome to the Medics' Money End of Year Quiz!

00:31 Meet the Team

02:28 Quiz Round 1: Medics Money Achievements

10:15 Quiz Round 2: Pet-Themed Fun

14:41 Quiz Round 3: Fiscal Drag and Finances

20:01 Reflecting on Fiscal Drag and Inflation

20:40 Investing in 2025: Navigating AI Bubbles and Market Volatility

23:36 Understanding Stock Market Volatility

26:33 ISA Limits and Government Policies

31:55 Tax Trivia: Unusual Historical Taxes

35:20 VAT Rates and Peculiarities

38:09 HMRC Excuses and Tax Return Deadlines

40:39 Wrapping Up: Medics' Money's Year in Review

Ep 302: AI opportunities for doctor founders

In this episode of the Medics Money podcast, Tommy interviews Angus Perry, a GP with a passion for integrating technology and lifestyle medicine into healthcare. Angus discusses his journey from being a GP to founding GeneralPractice.ai, a platform designed to create personalised management plans for chronic conditions and promote lifestyle changes. The conversation explores the challenges of implementing lifestyle medicine in a time-constrained environment, the importance of patient engagement, and the role of technology in modern healthcare. Angus shares insights on building a minimal viable product, the significance of passion in entrepreneurial endeavours, and offers advice for young clinicians looking to future-proof their careers in an evolving medical landscape.

Chapters

00:00 Introduction to Angus Perry and His Journey 02:32 The Importance of Lifestyle Medicine in General Practice 05:23 Challenges in Implementing Lifestyle Changes 08:05 Building a Solution: GeneralPractice.ai 10:45 The Mechanics of Creating a Health Tech Startup 13:38 How GeneralPractice.ai Works for Patients and Clinicians 16:26 The Role of Gamification in Health Management 18:59 Advice for Young Doctors and Future Trends in Medicine

Ep 301: How student loans are punishing new doctors??

Editors note: this episode originally aired on 'What Medical School Doesn't Teach Us' in 2024.

In this episode of Medics' Money's podcast, Cyra interviews Matthew to discuss the intricacies of UK student loan plans, particularly focusing on the differences between Plan 2 and the newly introduced Plan 5. They elaborate on loan repayment mechanisms, interest rates, and repayment terms for each plan. Matthew explains the concept of a graduate tax and addresses misconceptions about paying off student loans. The episode also touches on the financial burdens faced by students, the impact of loan repayments on future financial prospects, and the importance of evaluating the necessity of taking on such debt. Listeners are encouraged to consider their personal circumstances before committing to student loans. For questions, listeners can reach out via provided email contacts.

00:00 Introduction and Welcome

00:48 Understanding Student Loan Plans

01:16 Plan 2: The Graduate Tax

03:27 Plan 5: New Changes and Implications

05:14 Comparing Plan 2 and Plan 5

06:13 The Real Cost of Student Loans

07:16 Good Debt vs. Bad Debt

08:11 The Financial Burden on Students

12:25 Conclusion and Contact Information

Ep 300: Breaking Out of the NHS: Steps to a New Career

In this episode, Dr Kurar discusses the pressures faced by NHS doctors and the steps they can take to transition from clinical medicine to industry roles. Dr Kurar outlines the importance of financial education, the power of LinkedIn for networking, and the various transferable skills doctors possess. Additionally, they share personal experiences, including setting up a property investment venture and optimising company pension schemes. The conversation provides a comprehensive guide for doctors contemplating a career change, emphasising the significance of planning, LinkedIn optimisation, and leveraging existing skill sets.

 

00:00 Introduction: Transitioning from NHS to Industry

 

01:05 Dr Kurar's Background and Motivation

 

01:12 The Role of Financial Education

 

01:58 Discovering the Podcast and Initial Steps

 

02:42 Current Role in Regulatory Space

 

03:58 Maintaining Clinical Work and Side Hustles

 

04:41 Steps to Transition from NHS to Industry

 

06:41 Leveraging LinkedIn for Career Transition

 

11:28 Transferable Skills for Doctors

 

13:12 Financial Aspects of Transitioning

 

16:12 Property Investment Journey

 

20:39 Concluding Thoughts and Advice

Budget 2025 - The impact on doctors finances

In this episode of the Medics Money podcast, Ed Cantelo and Andy Pow discuss the recent budget announcements made by Chancellor Rachel Reeves. They delve into the implications of tax changes for healthcare professionals, including income tax thresholds, property income tax rates, and changes to ISAs. The conversation also covers NHS spending plans, pension taxation, and the introduction of new vehicle exercise duties. Ed and Andy provide insights into how these changes may affect listeners, particularly those in the medical field.

• 00:00:00 Introduction and Overview
• 00:00:00 Income Tax Changes
• 00:00:00 Property and Dividend Tax Updates
• 00:00:00 ISA Allowance Adjustments
• 00:00:00 NHS Spending and Pension Updates
• 00:00:00 Vehicle and Council Tax Changes
• 00:00:00 Conclusion and Listener Impact

Ep 299: Investing in Yourself: Dr. Hassan's Approach to Financial Success for Doctors

Empowering Medical Professionals: Financial Insights with Dr. Hassan In this episode of The Medics Money Podcast, Dr. Hassan makes his debut. He's an F2 doctor in the NHS, active on social media as Dr. Hassan Finance. Dr. Hassan discusses the importance of financial literacy for healthcare professionals, sharing insights on investment strategies, the significance of transparent financial discussions, and the concept of the FIRE (Financial Independence, Retire Early) movement. He also speaks about the current financial struggles in the NHS, including the need for fair pay and the upcoming doctor strikes. Additionally, the conversation covers practical advice on managing personal finances, maximizing income, and cutting unnecessary expenses for a balanced approach to financial wellness.

00:00 Introduction to Medics Money Podcast

01:24 Special Guest: Dr. Hassan on Financial Wellbeing

03:30 Breaking Financial Taboos in Medicine

07:27 Investing: Mindset Over Stock Picking

11:13 The Power of Compounding and Long-Term Investing

15:25 Time vs. Money: The Ultimate Wealth

18:22 The FIRE Movement and NHS Pension Concerns

23:59 Opting Out of the NHS Pension: Pros and Cons

24:26 The Financial Benefits of Staying in the NHS Pension

25:44 Considering Personal Circumstances and Financial Advisors

27:17 The FIRE Movement: Tips and Strategies

28:07 Balancing Income and Expenses for Financial Independence

29:34 The Importance of Having a Financial Plan

34:43 Social Media and Financial Advice for Doctors

40:25 Upcoming Resident Doctor Strikes

44:31 Conclusion and Final Thoughts

Ep 298: Inflation is making everyone poorer (except Bitcoin holders)

In this episode of The Medics' Money Podcast, Tommy dives into Bitcoin with guest Dr. Fahim. Dr. Fahim, a GP and finance enthusiast, critiques the financial system, explaining the historical context and the current monetary practices that make Bitcoin valuable. They discuss Bitcoin's role as a store of value, its volatility, and its potential in a diversified investment portfolio. The conversation covers the broader economic impact of inflation, central banking, and the technological trends shaping the future of finance. This episode is a comprehensive guide for professionals looking to understand Bitcoin's place in the market and its potential impact on their financial strategies.

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00:00 Introduction to Medics Money Podcast

01:22 Guest Introduction: Dr. Fahim

02:23 Understanding Bitcoin and Economic Systems

07:56 The History and Evolution of Money

12:36 Inflation and Its Impact on Wealth

19:45 Investment Strategies and Portfolio Management

22:58 Bitcoin's Role in Modern Portfolios

32:06 Bitcoin's Dominance in the Market

32:29 Questioning Bitcoin's Valuation

34:47 Fundamental Properties of Bitcoin

35:05 Bitcoin's Role in Global Conflicts

37:02 The Value of Decentralisation

39:38 Bitcoin as a Store of Value

41:04 Bitcoin's Adoption and Volatility

46:07 Comparing Bitcoin to Traditional Investments

50:27 The Future of Bitcoin and Technology

54:57 Final Thoughts and Investment Advice

Ep 297: How can you improve primary care workflows?

https://gptriage.com/

In this episode of The Medics Money Podcast, Dr. Tommy Perkins discuss the emerging role of artificial intelligence in primary care. The conversation explores the benefits of GP Triage, an autonomous triage and booking solution designed to improve patient access and streamline operations in GP practices. Key topics covered include the system's customization options, funding strategies, language accessibility, digital inclusion, and the future of AI in healthcare. The guests provide insights into how GP Triage was developed, its impact on practice efficiency, and its potential to enhance patient care and satisfaction. The episode concludes with predictions on the future transformation of primary care by AI technologies.

00:00 Introduction to Medics Money Podcast

00:51 Challenges in Primary Care

01:57 Meet the Guests

03:04 What is GP Triage?

04:57 How GP Triage Works

06:37 Customization and Benefits of GP Triage

08:41 Funding and ROI for GP Triage

15:34 Addressing Digital Exclusion

19:02 Future of AI in Healthcare

25:44 Getting Started with GP Triage

MDT: What is Reeves planning for the Budget?

Welcome to another episode of the Medics Money MDT Podcast!

Join us as our team members discuss the upcoming November 26th budget by Rachel Reeves. With a £30 billion black hole in public finances, we're speculating on potential government measures. Topics include the possibility of reintroducing the Lifetime Allowance for pensions, changes in VAT, income tax adjustments, national insurance reforms, and the future of ISAs. This episode is filled with insights from our specialists Andy Powell and Matthew, covering how these budget considerations could impact doctors and other professionals. Remember, this discussion is speculative and for informational purposes only. Stay tuned for our post-budget analysis!

00:00 Introduction and Podcast Overview

00:12 Speculation on Rachel Reeves' Upcoming Budget

00:58 Meet the Medics Money Team

02:18 Discussion on Pensions and Potential Changes

08:02 Impact of Inflation on Doctors' Pensions

09:48 Economic Implications of Inflation

13:14 VAT and Tax Policy Speculations

23:11 Tax Freeze and Allowances

25:03 National Insurance on Partnerships

31:59 Cash ISAs Speculation

39:09 Potential Tax Reforms and Speculations

41:50 Concluding Thoughts and Future Discussions

Ep 296: AI Scribes in healthcare and why THIS change will save you hours.

In this episode of the Medics' Money Podcast, hosts Dr. Tommy Perkins talks with Dr. Dom Pimento from Tortus AI about the revolutionary impact of AI in the healthcare system. They discuss Tortus' AI Scribe, its benefits in reducing cognitive load for clinicians, and its seamless integration with X-On's digital telephony. The episode covers the challenges of AI hallucinations, the importance of medical device regulation for AI, and the exciting potential of AI to transform healthcare practices. Real-world implementations and the future of AI in healthcare are also explored, with insights on starting AI-focused startups in the medical field.

00:00 Introduction to Medics Money Podcast

00:58 Mindset Shift and Overcoming Fear

01:13 Future of AI in Healthcare

01:23 Welcoming Dr. Dom Pimenta

02:23 Tortus AI Scribe: Basics and Integration

03:48 Real-World Impact of Tortus AI

12:00 Challenges and Rewards of Building a Startup

15:32 Encouraging Clinicians to Innovate

20:59 Implementing AI Scribe in Practice

24:13 Understanding ROI in Healthcare Technology

24:36 The Impact of AI on Healthcare Productivity

25:58 Adoption and Benefits of AI in Healthcare

27:49 Challenges and Solutions in AI Implementation

29:18 The Future of AI in Healthcare

32:02 AI's Role in Healthcare Consultations

33:51 Predictions for AI and Healthcare

37:10 Exciting Developments and Future Prospects

38:50 Addressing Challenges in AI-Driven Healthcare

45:49 Final Thoughts and Resources