Should You Take Time Off Work To Manages Your Finances?

Yves SchoofFinance

This was the premise of a news article I recently read.

The idea is that you take regular time off work to actively manage your money, find the best deals, monitor your investments, etc.

Whilst on the surface this may seem like a good idea for most people, for doctors and dentists there is tremendous opportunity cost (i.e. lost income at a high hourly rate). In addition, managing your money is not as simple as it seems.

For example, how do you analyse your cash flow and tax position, how do you decide whether to pay off your mortgage faster, or instead make more super contributions? Should you save for your children’s school fees? Should you invest in property, shares or managed funds, etc. ?

Don’t get me wrong, I am all for taking an active interest in your financial position and future, but there are better ways to do this.

Why not take limited time off work and find a trusted adviser to outsource the analysing, strategizing and implementing to?

After all, you are a specialist in your own field. You refer to other specialist colleagues when that is in the patient’s best interests. Why not take the same professional approach with your finances?

We deal with clients like yourself every day and have an experienced team of people ready to assist you.

Don’t spend hours on the phone to your insurance or superannuation provider, you have far more valuable things to do.

Feel free to give us a call on 08 9381 2704 or email me directly at Yves@affluenceprivate.com.au if you would like to get more out of your money.

Yves Schoof
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Yves Schoof

Author | Specialist Adviser for Medical Specialists and Surgeons at Affluence Private Wealth
I specialise in managing and coordinating the financial affairs of medical professionals and have been recognised as one of the best financial planners in Australia. I am a Certified Financial Planner and member of the Financial Planning Association of Australia.

As I understand your time is extremely valuable and scarce, I am able to offer flexible meetings times, including outside business hours and during the weekend. I can even come and meet you somewhere convenient, or talk via videoconference on Skype.

My first consultation is free. I allocate up to 90 minutes to discuss your personal circumstances and to establish how I may best assist you. Where you already have an existing adviser, I would be happy to offer a second opinion. I always quote a fixed dollar fee before we start working together.

Please contact me on yves@affluenceprivate.com.au or call me direct on 0432 885 295. You can follow me on Twitter @YvesSchoof or connect with me on LinkedIn to receive new articles.

DISCLAIMER
Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313. 

The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.
Yves Schoof
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