Passive Income Doctor

Age old question, buying own home vs investment property? And which one first?
Where rentvesting sits in the picture?
It is a personal question, however in this episode I explore some things you may have not considered before.

Resources/links:
Property Investing for Doctors
Buying my first property at 23 years old

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

Holidays and taking timeout is important for doctors. How to optimise this, and how it can help you be a better doctor.
Also I talk about my (controversial opinion) on points hacking, and some hidden dangers.

Other resources/reference:
Why Physician Vacation Time is Vital | JAMA Career Center (jamanetwork.com)
Historic change to Declaration of Geneva | Australian Medical Association (ama.com.au)
Choosing a credit card - Moneysmart.gov.au
How Credit Card Rewards Devaluations Can Eat Into Your Rewards (fool.com)
Self-Care as a Doctor

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

In this episode, we explore basics behind index funds and ETFs- rising popularity over last few decades. Also, how it stacks up against active/managed funds.
As always, please note this is general information, and not personalised financial advice.

Resources/links:
What Are Index Funds, and How Do They Work? (investopedia.com)

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

Theres a common saying "Its time in the market, not timing the market". I believe long term horizon for investing is important, however timing entry into a market is also important- to get early wins, to give some confidence; also to avoid buying at a peak and experience big falls.
In this episode, I talk about market cycles, presidential cycle, property clock, and much more.

Resources/links:
Market Cycles: The Key to Maximum Returns (investopedia.com)
Month in Review - Herron Todd White (htw.com.au)
Buying my first property at 23 years old

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

In this episode, I interview Claire Lim, medical student and co-founder of ScriptAI, an artificial intelligence tool to help doctors write notes. We discuss her entrepreneurial journey, including sourdough, Electronic Medical Records and AI tools.  Importance of pivoting, and creating solutions for challenges in everyday life and clinical medicine.

Resources/links:
Check out ScriptAI-scriptai.co
Side hustles as a doctor (Revisited)

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

In this episode, I chat with Eamon, a medical recruiter looking after locum doctors all around Australia. We start by discussing the motivations and benefits for locum doctors, then explore some challenges/pitfalls that can happen- sudden cancellations, doublebooking, job not accurately advertised.
We touch on some challenges facing rural healthcare in Australia, and I ask about what makes some doctors quit locuming, and what makes some rural hospitals excel in attracting regular returning doctors.

Connect with Eamon- (Eamon Murray (MRCSA) | LinkedIn

Other resources/interesting articles:
Five-Point Plan to Build Rural Medical Workforce | Australian Medical Association (ama.com.au)
7 Side Hustle ideas for doctor (Locum 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

How can busy doctors set up their personal finances to maximize chance of success?
Todays episode, I share 5 steps that you can take to simplify your finances.
1. Assess your current situation
2. Set a compelling goal
3. Develop habits (track spending, regular self-education, monitor savings rate)
4.Action plan
5. Reassess/re-evaluate

Resources/links:
 Some “Thing” to Talk About? Differential Story Utility From Experiential and Material Purchases - Amit Kumar, Thomas Gilovich, 2015 (sagepub.com)
Why Doctors don't get Wealthy
Property Investing for Doctors
Tax 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

Today, we review what property prices did in 2023, and what factors are shaping the Australian property market for 2024.
I also discuss some key announcements from the 2023-2024 Budget regarding healthcare, and discuss trends with General Practice, healthcare spending, and private health insurance.

Resources/links:
Will house prices go up in 2023? The answer largely depends on interest rates - ABC News
20.11.23 Housing Boom and Bust report 2024.pdf (sqmresearch.com.au)
RACGP - Government’s key Medicare Budget measures kick in
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

Today we chat with Dan Sofo, Sydney buyers agent who covers bluechip areas such as the highly desired Eastern suburbs. We cover his journey from hospitality to real estate, his investing philosophy. Stay tuned to learn some tips on property negotiation.

-long hours, and managing 70 staff in hospitality business
-importance of assets outside of business
-solving problems as a buyers agent
-Dan's own portfolio, and investing philosophy
-outside of Sydney, where in Australia he is seeing value?
-3 constraints of supply: geography, heritage, planning
-storytime: excellent purchase (where essentially got the dwelling for free!)
-tips on property negotiation
-Dan's plans for the future

Resources/links:
connect with Dan Sofo - Buyers Agent Sydney I Buy Better, Buy Faster With Agent Dan Sofo (unicornbuyersagents.com.au)
My own property journey- Buying my first property at 23 years old

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

Margaret Lomas is a recognised Australian property expert, and the best-selling author of nine property investment books, including 20 Must Ask Questions for Every Property Investor.

Dr Dan shares his thoughts, and some key takeaways:
1. Identifying tomorrow's blue chip areas can boost your returns.

2. Appealing to families is important- owner occupiers tend to drive capital growth.

3. Avoid small towns, especially if centred around 1 industry

4. Do your due diligence.

Links/resources:
The 20 questions to ask before you buy an investment prop... (urban.com.au)
20 Must Ask Questions for Every Property Investor - Margaret Lomas - Google Books
Another book review: Happy Money (Ken Honda book review)
Buying my first property at 23 years old

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