The DocWealth Podcast - Investing, Finance & Wealth Strategies For Doctors

On this show Kym has talked about how doctors are preferred clients for the banks, and Kym explains in this episode that doctors will often only need to fund a 10 percent deposit for a house (instead of 20 percent like most other people). But if you're new to the property market, finding that cash still isn't easy. So how do you boost your savings to get your house deposit? Kym shares his ideas.

** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

When it comes to buying a house, it's pretty straight forward, right? Find something you like around your budget, negotiate, do the deal and move in. Wrong!

There is a MUCH smarter way to go about it for doctors. Kym Nitschke says it is the greatest opportunity for tax planning. Tune in to find out more.

** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

Kym Nitschke addresses the top question he gets asked by doctors - "how can I pay less tax?" Tune in for tax minimisation strategies for doctors.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

The most common questions, and often the most difficult, that we face as medical accountants are around personal services income for doctors. Kym Nitschke talks through the big topic.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

Doctors know that the unexpected can come at you pretty quick. If you no longer had the capacity to manage your financial affairs, who will make these key decisions for you? This is where a little known document comes in - the Enduring Power of Attorney.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

Death is a morbid topic, and doctors know this better than most, but it is the conversation we need to have on this episode. Wills are crucial for everyone, but particularly doctors.

Estate planning is typically more complex for doctors, who often have more business, investment and tax considerations to factor in along with all of the usually challenges involved in setting out your Will according to your wishes.

Strangely enough, there are also tax opportunities to those who go through this process effectively.

Tune in now.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

Depending on how organised you are, and the team of experts you're working with, the end of financial year can often be a stressful and expensive period. At the start of every financial year, many doctors plan to "do it differently this year", but often don't know where to start. Kym Nitschke talks about how to start the new financial year right (and here's a tip - you can reset and re-start any time of the year, not just June 30).

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

Living through a pandemic has brought about a wake up call for many people, including doctors. "What would I do if I lost my income?"

Find out how to protect yourself from the risks.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

A doctor's wealth trajectory often starts further back than most people. This is because, generally speaking, doctors study for longer and therefore start their careers later - with more student debt.

So, how do you deal with debt and fast track your financial growth? Kym Nitschke explains.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com

Kym Nitschke talks about salary packaging for doctors and healthcare workers, which is effectively a tax break where your employer can cover some of your living expenses.

Find out what this could mean for you.

*** FREE RESOURCE FOR LISTENERS! Download our tax deduction tracker for doctors, so you won't miss another tax deduction. Access here: https://docwealth.com.au/resources/ ***

Hosted by medical wealth experts Kym Nitschke and Morgan Griffin. Make sure you subscribe to the show and connect with us at https://docwealth.com.au.

DocWealth puts doctors on the path to financial freedom with a holistic approach that includes wealth strategy, financial planning, accounting and finance.

DocWealth's experts work exclusively with medical professionals. They understand your specific needs, opportunities and your industry.

Find out more and get in touch at https://docwealth.com.au.

Produced By Apiro Media - https://apiropodcasts.com