1.4M
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The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.
Episodes
4 days ago
4 days ago
Navigating Resident Doctor Pay Cuts, Investing Insights, and Financial Strategies
In this episode of the Medics' Money MDT Podcast, hosts discuss various pressing issues affecting the medical community. Dr. Cyra Mackintosh, who recently secured a training job, and Mr. Andy Pow, a senior medical accountant, join to explore the significant challenges of unemployment facing many doctors. They break down the complications around the resident doctor pay offer and the psychological contract between doctors and the NHS. The team also underscores the pitfalls of active versus passive investing, spotlighting the Spiva Scorecard, which shows that passive investments historically outperform active funds. Lastly, they touch on the importance of financial habits, like taking advantage of cashback offers, in reinforcing long-term financial health.
00:00 Introduction and Guest Introductions
01:41 Discussing the Stock Market Crash
03:56 Investment Strategies and Media Influence
12:40 Resident Doctor Pay Offer and Job Security
23:54 Real Pay Trends in the Private Sector
25:25 Addressing Workforce Issues in Government
25:59 Educational Assistants and Pay Disparities
29:13 The SPIVA Scorecard: Active vs. Passive Investing
33:39 The Importance of Financial Confidence
40:08 Cashback Tips and Financial Savviness
Tuesday May 27, 2025
Tuesday May 27, 2025
Is your financial safety net complete? Join this webinar on June 3rd at 7pm with expert speaker Mike Harms. Register here.
Navigating Financial Protection in the Face of Adversity: A Personal Journey
In this episode, Tommy shares his personal ordeal of a severe hand injury that temporarily sidelined his medical career. Through this deeply personal narrative, he stresses the importance of financial planning, specifically how his carefully tailored protection plans, including sick pay, income protection, emergency funds, and life insurance, provided a crucial safety net. Tommy also highlights the importance of reviewing partnership agreements and the role of wills and power of attorney in ensuring financial security. Expert financial advisor Mike Harms joins to provide comprehensive insights into these financial strategies. This episode underscores the significant peace of mind that effective financial planning can offer, even in the face of unexpected life-altering events.
Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
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Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
Tuesday May 20, 2025
Tuesday May 20, 2025
The Allure of Dubai's Real Estate Market with Dr. Malek
In this episode of the Medics Money podcast, Cyra speaks with Dr. Jasmin Malek, a GP and seasoned real estate investor based in Dubai. Dr. Malek provides insights into her journey of investing in Dubai's property market, emphasizing the benefits of off-plan investments and the rapid returns facilitated by the city's continuous development. She discusses the security measures in place, including escrow accounts to safeguard investments. Additionally, Dr. Malek offers guidance for those interested in starting their property investment journey in Dubai and highlights the potential for obtaining residency visas through property investments. Listeners are encouraged to reach out via Instagram for personalised advice.
00:00 Welcome to Medics' Money Podcast
00:29 Meet Dr. Jasmin Malek: GP and Real Estate Investor
01:04 The Allure of Dubai's Real Estate Market
02:14 The Process of Off-Plan Investing
03:55 The Financial Benefits of Investing in Dubai
06:12 Ensuring Investment Security in Dubai
07:42 Getting Started with Property Investment in Dubai
08:43 Connect with Dr. Jasmin Malek
09:13 Conclusion and Farewell
Tuesday May 13, 2025
Tuesday May 13, 2025
Transform your finances in just EIGHT weeks! https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
Financial Well-being Tips for International Medical Graduates: Insights from Dr. Agne Meškauskienė In this episode of the MedicsMoney podcast, Dr. Agne Meškauskienėshares insights from her financial journey, enhanced by the Medics Money financial wellbeing course. Topics discussed include challenges and comparisons of working as a doctor in the UK vs Lithuania, understanding and valuing the NHS pension, essential budgeting techniques, and tips for managing debt and income protection. Dr. Agne also discusses her personal experiences with investing and the importance of financial planning for future flexibility and security. The podcast aims to help medical professionals better understand their finances and plan for a secure future.
00:00 Introduction and Overview
00:11 Challenges of International Medical Graduates
00:25 Understanding the NHS Pension
00:38 Budgeting and Financial Management
00:56 Course Information and Application
02:04 Guest Introduction: Dr. Agne Meškauskienė
02:19 Journey to the UK and Professional Differences
05:24 Financial Beginnings and NHS Pension Insights
08:50 MedicsMoney Course Experience
10:06 Investment Strategies and Behaviors
16:11 Future Financial and Career Plans
19:43 Conclusion and Final Thoughts
Friday May 09, 2025
Friday May 09, 2025
Resident Doctors, GP Funding, and Tax Trivia: Medics Money Podcast Episode In this Multidisciplinary Team (MDT) Medics' Money podcast episode, resident doctors voice frustrations regarding pay and working conditions, leading to discussions of potential industrial action. Dr. Cyra Mackintosh shares her personal experience with stressful specialty applications and her upcoming move for a histopathology training post. The episode also features contributions from specialist medical accountant Andy Pow and Dr. Ed Cantelo, who highlight major issues in GP funding, discrepancies in government financial support, and unravel the recent news surrounding VAT on Premium Bonds and trade agreements.
An entertaining segment dives into VAT trivia, emphasising premium bond efficacy and the implications of NAO and McCloud pension judgments on doctors' finances.
00:00 Introduction and Frustrations with the Government
01:08 Welcome to the Medics Money Podcast
01:32 Dr. Cyra Mackintosh's Exciting News
04:51 Discussion on Resident Doctors' Strike
15:43 Tax Trivia: VAT on Food and Medical Procedures
25:47 Pensions and McCloud Judgment Updates
27:59 Tax Refund Adjustments and Annual Allowance Charges
28:44 The Impact of Annual Allowance Tax on Doctors
30:03 Self-Identification for Annual Allowance Tax Refunds
31:11 Medics Money: Connecting Doctors to Specialist Advisors
32:57 UK-India Trade Agreement and National Insurance Exemptions
37:22 GP Funding and Contract Issues
46:07 Premium Bonds: Not an Investment
49:26 AISMA Conference and Final Thoughts
Tuesday May 06, 2025
Tuesday May 06, 2025
Fix your finances FAST: https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
In this episode of the Medics Money podcast, Dr. Rasha shares her journey into the field of palliative medicine and her experiences with financial education. She discusses her career choice, the importance of role models, and her lack of financial teachings in medical school. Rasha also opens up about her challenges and learnings regarding savings, investments, and tax efficiency. She explains how the Medics' Money Financial Wellbeing course helped her make informed financial decisions, covering topics like tax, pensions, and investments. Additionally, she reflects on her approach to teaching financial lessons to her children and plans for future financial security. This episode provides valuable insights and practical advice for healthcare professionals looking to improve their financial literacy.
00:00 Introduction and Early Financial Lessons
00:35 Guest Introduction
01:14 Career Path in Palliative Medicine
05:27 Early Financial Experiences and Lessons
07:37 Navigating Credit Cards and Investments
14:06 Discovering Medics Money and Financial Wellbeing Course
16:14 Key Learnings from the Financial Wellbeing Course
21:30 Future Financial Plans and Family Education
28:57 Conclusion and Final Thoughts
Tuesday Apr 29, 2025
Tuesday Apr 29, 2025
The Unexpected Benefits of a Declining Stock Market: A Doctor's Perspective
In this episode of the Medics' Money podcast, the host welcomes Dr. Simone Bruschi, an ophthalmology consultant, to discuss his intriguing view on market trends and investing. Simone shares his journey from being a self-taught investor to advocating for a long-term, globally diversified index fund strategy. They discuss why a declining market can be advantageous for regular, long-term investors. The conversation also delves into the psychological aspects of investing, the importance of automated investing, and the impact of personal finance education for doctors. Listeners will gain insights into why traditional market timing is challenging and how a disciplined, low-emotion approach to investing can yield significant benefits over time.
00:00 Introduction and Guest Welcome
01:57 Background on the YouTube Comment
02:47 Discussion on Market Timing and Investment Strategies
03:30 Simone's Perspective on Market Trends
09:13 Investment Strategies and Personal Experiences
19:03 Goals and Financial Planning
24:19 Final Thoughts and Conclusion
Friday Apr 25, 2025
Friday Apr 25, 2025
In this episode of our MDT (Multidisciplinary Team) podcast series, we delve into several pressing topics. We start with an update on the takeover of NHS property by a US private equity firm and what this means for the healthcare system. We then explore the global economic implications of US tariffs, particularly how they are impacting bonds and creating volatility in the market. Our economics experts also put forward their views on the theory of 'taxing wealth not work' as proposed by Gary Stevenson. Wrapping up, we discuss the ongoing NHS pension crisis, including a notable case where a doctor received compensation for pension maladministration and the latest delays in issuing pension saving statements due to the McCloud judgment. Join us as we unpack these complex issues and more
Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
Tuesday Apr 22, 2025
Tuesday Apr 22, 2025
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
In this episode of the Medics' Money podcast, the host welcomes Dr. Edmund Jack to discuss his financial journey and share valuable tips for fellow doctors. Approaching 1.4 million downloads, the podcast has been helping healthcare professionals improve their financial wellbeing. Dr. Jack, a GP from Devon, talks about his diverse career and the phases of his financial life, from debt accumulation to investment strategies. He highlights the importance of a structured approach to finances and the benefits of the Medics' Money Financial Wellbeing course. Key topics include sensible investing strategies, whether to pay off the mortgage or invest, and the psychological aspects of finance. Dr. Jack emphasizes the significance of having a clear financial plan, automating investments, and the long-term benefits of a diversified portfolio. Listeners also get insights into the ongoing debate about active vs. passive investing and tips for those just starting their financial journey.
00:00 Introduction and Podcast Milestone
01:53 Guest Introduction: Dr. Edmund Jack
02:13 Dr. Jack's Financial Journey
05:14 Discovering MedicsMoney
12:39 Key Learnings from the Financial Wellbeing Course
16:55 Investment Strategies: Active vs. Passive
31:30 Final Thoughts and Tips for Beginners
34:28 Conclusion and Upcoming Events
Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
Tuesday Apr 15, 2025
Tuesday Apr 15, 2025
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
In this episode of the Medics' Money podcast, hosts welcome Dr. Kate Rothwell, a haematology consultant, who shares her experiences from the Medics' Money Financial Wellbeing course. The discussion covers practical financial tips, including dealing with misallocated back pay and tax traps, and the significance of knowing when and how income should be taxed. Dr. Rothwell recounts battling payroll issues and the importance of proactively managing one's finances, especially regarding pensions and investment strategies. The episode emphasizes the value of collective knowledge and persistence in handling financial matters, highlighting stories of errors corrected and financial knowledge gained. Listeners are encouraged to openly discuss and manage their finances to make informed decisions, leveraging resources like Medics' Money to navigate their financial journeys effectively.
00:00 Introduction and Overview
00:16 Back Pay Issues and Tax Traps
00:40 Pensions Taxation Explained
00:46 Investing Mindset and Tips
00:53 Impact of Financial Wellbeing
01:58 Guest Introduction: Dr. Kate Rothwell
02:46 Personal Financial Journey
05:25 Navigating Tax Challenges
18:00 Persistence with HMRC
23:42 Investing and Financial Planning
28:05 The Importance of Financial Knowledge
42:02 Conclusion and Final Thoughts