Passive Income Doctor

Doctors are well-educated, so naturally should be excellent when it comes to managing their finances right. Right?
Unfortunately this is not always the case.
I share some tips about money management, Why I DON'T budget, and what I do instead.
And the hidden dangers of credit cards and reward points.

Finally, I share my Mindset Minute of the day.
 
Resources/links:
Comparison Jack and Jill-9 Charts Showing Why You Should Invest Today (usnews.com)
Step 2 Set Up Your Buckets — The Barefoot Investor - Scott Pape
What is credit card hacking, and what are the risks? - ABC Everyday
Why Doctors don't get Wealthy

Music credit: Bass Nation

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

What side hustles can doctors do? In this episode, we talk about locuming, consulting, teaching,  alternate roles, medicolegal writing, and so much more.  What are the pros and cons of locum life? Who is locum life not suited for?
I then discuss some tips for locum doctors, before sharing Mindset Minute of the day.

Other resources:
Medrecruit | The pros and cons of working as a locum doctor (medworld.com)
The 17 Best Side Hustles for Doctors: Money Making Physician Side Gigs (sidehustlenation.com)
Locum doctor roles (Interview with agent Max Drakeley)
Interview with Anu (Locum Doctor Australia)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Story time! Today I’m sharing my first step into property investing, as a 23 year old junior doctor. What influenced my decision-making, what resources I found helpful, the highs and lows or my first purchase.
I also share what I learnt from my mistakes.

Resources/links:
Who is eligible for no LMI- https://www.ratecity.com.au/home-loans/mortgage-news/qualify-lmi-waiver-you-doctor-accountan
Buying my first property at 23 (Investment Property Australia)
Property Investing for Doctors

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Who pays the most tax? Which specialty is the highest earning doctor in Australia? We talk about ways high income earners can legally minimise their tax. We cover tax deductions, property and a lot more. Listen to the end, where I share my mindset shift around tax.

Resources/links:
Individual income tax rates | Australian Taxation Office (ato.gov.au)
Tax Deductions Every Doctor Should be Claiming - MEDIQ Financial
Why Doctors don't get Wealthy

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

What are common financial mistakes for junior doctors  and new grad nurses? In today’s episode, I discuss 7 tips I wished I knew before I started my healthcare career. What to check on payslips, money saving ideas, salary packaging, which insurances to get, and much more.
Also in today's mindset minute, I share some personal struggles.

Just a reminder, this podcast is for entertainment purposes, nothing here is financial advice. Please speak to your trusted professional advisers. Views expressed by podcast participants are solely their own.

Other resources:
Doctors-in-Training Pay Guide - Australian Medical Association (NSW) (amansw.com.au)
Industry Super Vs Retail Super Funds | Canstar
APRA Changes to Income Protection due to take effect 1st October 2021 (insurancewatch.com.au)
Income protection Explained (chat with advisor Jason Hugo)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

What is the link between burnout and finances? Why do high income professionals often end up with poor financial outcomes?
In this episode, we also talk about the 5 aspects of financial health, and tips to manage your finances better.

Just a reminder, this podcast if for entertainment purposes, nothing here is financial advice. Please speak to your trusted professional advisers. Views expressed by podcast participants are solely their own.

Resources/links:
193: Cure Physician Burnout with Dr. Dike Drummond - White Coat Investor Podcast | Podcast on Spotify
Avant - Dealing with burnout
Why Doctors don't get Wealthy

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Is the FIRE movement dead? Should doctors and healthcare workers even aim to retire early anyway?
We talk about LEAN FIRE and FAT FIRE.
At the end I share my personal thoughts on FIRE.

Just a reminder, this podcast is for entertainment purposes, nothing here is financial advice. Please speak to your trusted professional advisers. Views expressed by podcast participants are solely their own.

Resources/links:
What Is Fat FIRE Vs. Lean FIRE? 2 Different Ways to Retire Early (businessinsider.com)
Aussie Firebug blog on F.I.R.E - Aussie Firebug | Financial Independence Retire Early
Passive Income with 2.5Million dollar portfolio (Dr JL part1)

Music credit: Bass Nation

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

What is passive income, why do healthcare workers need it?
Join me on my mission to improve the financial health of doctors and healthcare workers. As we spend so much time caring for others, often we don’t take the time to look after our own physical, mental, and financial health. By attaining passive income streams, we can achieve financial freedom and have more choice- choice on the type of work we do, the number of hours we work, and the amount of leave we take.

Just a reminder, this podcast if for entertainment purposes, nothing here is financial advice. Please speak to your trusted professional advisers. Views expressed by podcast participants are solely their own.

Resources/links:
Why Doctors don't get Wealthy
Passive Income with 2.5Million dollar portfolio (Dr JL part1)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube