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In this episode of the Medics' Money Podcast, hosts Dr. Tommy Perkins is joined by series veteran Ian Crompton to discuss crucial financial advice for medical professionals. They delve into common financial mistakes that doctors and dentists should avoid, including nuances related to valuations, types of finance, ownership issues, and succession planning. With Ian's extensive experience as an independent broker and consultant working with GPs, the conversation highlights the importance of getting expert advice to navigate the complexities of financial decisions in the healthcare sector. Tune in to learn how to make informed financial choices to ensure long-term success and stability.

 

00:00 Introduction to Medics Money Podcast

 

01:20 Welcoming Back Ian Crompton

 

02:04 Top Tips and Common Mistakes

 

05:03 Valuations and Financial Considerations

 

11:23 Understanding Different Types of Finance

 

16:04 Ownership Issues and Succession Planning

 

22:41 Hand Me Down Loans and Inheritance Loans

 

31:15 Summary and Final Thoughts