Passive Income Doctor

Today, we interview Dr Anurag Ganugapati, an Emergency doctor based in Victoria, and founder of app StatDoctor. We discuss his journey into medicine, what experiences he has had in New Zealand and Australia. From Otago University, to busy ED departments in Victoria, to locum life.
We also talk about his money backstory, and investing philosophy.
Finally, Dr Anu shares his tips for medical students and junior doctors in regards to medical career, and how to earn 3-4 times more with locuming.

Dr Anu:  [email protected]

Video version of interview:
How locum doctor beat burnout

Resources/links:
Side hustles as a doctor (Revisited)
Doctor and Entrepreneur Tom Lee (Hopmedic founder)

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 talk about what happens once you've found the property you wish to put an offer on. What steps need to happen to ensure a smooth settlement process.
Topics covered include: auctions, building and pest inspection, cooling off period, gazumping. And then checklist for pre-settlement inspection (what to look out for).
And finally, some differences between NSW, QLD, WA.

Resources/links:
Buying property at an auction | NSW Fair Trading
Pre-Settlement Inspection Checklist - realestate.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

How much do doctors in Australia make? We breakdown the earnings, from 1st year junior doctor, all the way to consultant.  I also compare earnings by states- NSW, Queensland, Victoria, South Australia, Canberra, Australian Capital Territory etc. WE discuss the range of earnings of different specialties. GPs, surgeons, anaesthetists just to name a few. Finally we explore the pathways for IMG doctors wanting to work in Australia.

Resources/links:
MABEL study on GP and specialist earnings-Melbourne Institute Working Paper No. 12/2010 (unimelb.edu.au)
NSW doctors in training pay guide-DIT-Pay-Guide_March-24_3_22.pdf (amansw.com.au)
IMG doctors entry to Australia-Overview of assessment pathways (amc.org.au) 
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

This was an insightful interview with Michael Hughes, founder of mortgage broking and financial advice firm AHK. We discuss mistakes doctors and other professionals make with finance and property investing.
He shares his experience with doctors obtaining 95% and even 100% loans without LMI.
Some top tips from the episode
1. Think long term in regards to property strategy, including where owner occupier home fits into the picture
2. Set up loan structure correctly from the START

Check out Michael's website at: Strategy + Mortgage + Insurance (ahkfinance.com.au)

Resources/links:
Passive Income with 2.5Million dollar portfolio (Dr JL part1)
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

Today, we interview Dr Kelvin, a Sydney-based GP. We discuss his journey into medicine, what it's like working as a General Practitioner in Australia.
We also talk about his money backstory. Then we discuss his journey into property investing, and strategy in growing a substantial property portfolio.
He shares his tips for investing, as well as tips for medical students and junior doctors in regards to medical career.

Resources/links:
7 Money tips for Junior Doctors (and New Grad Nurses)
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

In this episode, we give an overview of Australia's health system, including Medicare, public vs private hospitals.  Also we talk about pros and cons of private health insurance, and finally explore Medicare levy and Medicare Levy Surcharge (MLS).

Other resources:
The Australian health system | Australian Government Department of Health and Aged Care
What is the Medicare Levy Surcharge? - H&R Block Australia (hrblock.com.au)
How much do Doctors earn in 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

UPDATE: interesting to look back and see what actually happened to property prices- so much negativity at the time in the media.
10 consecutive interest rate rises, the most aggressive tightening since 1994.
What's in store for the rest of 2023?
And how do you know when it's the bottom of the property market?

Resources/links:
Australia’s Property Markets Forecast to Rebound in 2023 | Shore Financial
Interest Rates and the Property Market | Speeches | RBA
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

What actually makes property prices go up? Is it as simple as Interest rates?
In this episode, we explore 9 factors driving house prices in Australia.
Inflation, demand and supply, availability of credit are some crucial factors affecting the property market, as well as rental legislation.

Other resources:
Rising interest rates will over time reduce demand & send house prices lower: RBA (marketindex.com.au)
A perfect storm: Australia’s rental crisis – part one - Property Investment Professionals of Australia - PIPA
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

Why is Australian real estate so attractive for many? What are the pros and cons for doctors looking at property investing?
We talk about unique advantage for doctors in regards to LMI. We also explore Land to Asset ratio, and illustrate this with a case study.
We also talk about the 3 steps how beginners can get started in property investing.

Other resources:
Why higher Land-to-Asset Ratio means a better investment for you - Lend Power
Home Loans For Medical Professionals (homeloanexperts.com.au)
Cashed-up foreign buyers still seek Australian property, but are they really to blame for price rises? - ABC News
Why Doctors don't get Wealthy
Buying my first property at 23 years old

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

Today we discuss the importance of setting financial goals. We also delve into the world of salary packaging, and how it can help reduce your tax.
And in today's mindset minute, we discuss about designing your life plan.

Other resources:
Salary packaging - HealthShare NSW
How to create SMART financial goals | Westpac
Tax for doctors
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