Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors

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With the second clinical term now underway, interns and junior doctors can finally come up for air. And there's no better time to start getting your finances sorted. We're revisiting this episode because the timing feels just right!

In this episode, join me, Dr Bi Mian, and returning guest Jessica Brady, Money Educator and Financially Fierce Podcast Host, who built accessible online money programs to help everyday Australians after selling her award-winning practice.

Jessica covers conscious cash flow planning, automating your banking for effortless wealth building, goal-setting psychology, insurance considerations for medical professionals, and how to approach your first property purchase as a doctor.

If you want to build sustainable wealth and avoid the money mistakes that trap many young doctors, this one's for you.

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SHOW NOTES LINKS

https://ifdgroup.com.au/

https://doctorbi.com.au/

https://au.linkedin.com/in/mian-bi

https://jessicabrady.com.au/

https://au.linkedin.com/in/jessica-brady-21165812

https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994

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LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN

Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608

Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast

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FIND US HERE

Website: https://ifdgroup.com.au/

Facebook Group: https://www.facebook.com/groups/investingfordoctors

Facebook Page: https://www.facebook.com/investingfordoctors

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DISCLAIMER

The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors

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We're bringing this one back. You've been asking these questions and this episode has the answers!

In this episode, join me, Dr Bi Mian, and Roger Wheelahan, a financial advisor with over 25 years of experience helping individuals and businesses with succession planning, risk management, and retirement strategies.

Roger shares how doctors can protect their medical practices with strategic buy-sell agreements, why risk insurance is the forgotten foundation of financial planning, and the impact of the Royal Commission on financial advice quality and accessibility in Australia.

He also talks about the truth about superannuation as a tax structure rather than an investment vehicle, the differences between financial advisors and consultants, and the innovative ways to maximise retirement benefits while potentially qualifying for pension cards.

If you want to understand how to properly structure your finances and create tax-efficient wealth strategies that work specifically for medical professionals, then make sure to listen to this episode!

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SHOW NOTES LINKS

https://ifdgroup.com.au/

https://doctorbi.com.au/

https://au.linkedin.com/in/mian-bi

Roger Wheelahan’s Links

https://www.linkedin.com/in/roger-wheelahan-8ba53149/
https://smartstartfs.com.au/

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LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN

Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608

Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast

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FIND US HERE

Website: https://ifdgroup.com.au/

Facebook Group: https://www.facebook.com/groups/investingfordoctors

Facebook Page: https://www.facebook.com/investingfordoctors

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TIME STAMPS

00:00 - INTRO

00:43 - Roger's Background

05:55 - The Royal Commission Being Like "The Wild West"

08:10 - The Catalyst For the Royal Commission

10:31 - The Transformation of the Financial Planning Industry

12:12 - "Principal Agency Dilemma"

22:09 - FINANCIAL ADVISOR vs FINANCIAL PLANNER

22:52 - AFSL (AUSTRALIAN FINANCIAL SERVICES LICENSE)

24:46 - Financial Advisor: Who Are They Really?

29:01 - Risk Insurance

34:15 - Retirement Planning

40:38 - "Poor Financial Advice Can Make a Huge Difference"

41:52 - Financial Advisor Costs

46:34 - Service Percentage Fee

48:31 - Conclusion

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DISCLAIMER

The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

In this episode of Investing for Doctors, Dr. Bi Mian sits down with Dr. Amandeep Hansra, RACGP digital health leader and co-founder of Medical Angels, to discuss one of the most exciting opportunities for clinicians today, investing in the healthcare startups changing medicine from the ground up.

We unpack how Medical Angels grew from a coffee shop conversation into Australia's largest clinician-led investment syndicate, what seven years of backing healthcare startups has taught them about picking the right founders, and why the rise of AI makes this the most critical moment for doctors to be at the table.

This episode is for any doctor who has ever wanted to shape healthcare from the outside, not just as a clinician, but as an investor backing the people solving the problems they face every single day.

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TIME STAMPS:

00:00 Hook/Intro

01:19 Medical Angels

02:33 Dr. Bi and Dr. Amandeep's Creative Career Journey

13:35 Investing in health care startups/Finding the right co-founders

20:35 What Dr. Amandeep is looking forward to invest

23"27 Conclusion/Outro

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SHOW NOTES LINKS

If you're interested in learning more about the Medical Angels Venture Fund, visit:

https://medangels.com.au/venture-fund/

https://ifdgroup.com.au/

https://doctorbi.com.au/

https://au.linkedin.com/in/mian-bi

https://www.linkedin.com/in/dr-amandeep-h-b2092623/

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LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN

Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608

Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast

-----

FIND US HERE

Website: https://ifdgroup.com.au/

Facebook Group: https://www.facebook.com/groups/investingfordoctors

Facebook Page: https://www.facebook.com/investingfordoctors

-----

DISCLAIMER

The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.