Why Doctors And Dentists Should Put Their Finances On Auto-Pilot

Yves SchoofBusiness

Let’s face it, as a doctor or dentist you do not have the time to actively manage your finances. Even with the best intentions, you will fail to follow through after a while, if your money management requires active intervention and implementation. That is why for our clients, we set up automatic ongoing debt repayment and savings/investment plans. This could … Read More

Why Doctors And Dentists Should Not Ignore Super

Yves SchoofSuper

The start of a new financial year is a good time to review your superannuation arrangements:   Do you still have multiple funds and pay multiple fees?   Is your fund expensive in terms of fees?   How is your money invested?   What is the performance like?   Should you be contributing extra?     The trap for many … Read More

Warren Buffet’s Simple Retirement Advice

Yves SchoofInvestments

If you don’t like spending a lot of time and energy constructing an investment portfolio, then maybe you should take the advice from the world’s most well-known investor, Warren Buffet. Click HERE for the short but interesting read – it might just change your life.

Free Financial Education For Doctors And Dentists

Yves SchoofFinance

Our online video course, Medico CFO, is now available completely free. It has over 100 videos covering financial tips and strategies for medical and dental professionals. Please note that same rates and thresholds might be out of date, so you should always seek personal financial and tax advice. You can access the first chapter HERE I hope you enjoy it. … Read More

Buying a Medical/Dental Practice Vs Starting One

Yves SchoofBusiness

In this week’s infographic we explore the considerations you need to make when deciding whether to start or buy a practice. Both Mitchell Walmsley from Affluence Chartered Accountants as myself have a wealth of practical experience in assisting our medical and dental clients with these projects. Please contact us if you would like to discuss.

4 Signs When Doctors and Dentists Should Seek Advice

Yves SchoofFinance

Doctors and dentists seek our advice for many reasons, but typically one of the following underlying factors is at play:   The ultimate stakes of your financial decision are high Making the wrong decision will have a significant impact on your life and the lives of those important to you. You simply cannot afford to get it wrong. These decisions … Read More

Selling Your Healthcare Practice – How To Plan For The Proceeds

Yves SchoofPrivate Practice

We have been assisting various medical clients following the sale of their medical practice, often involving multiple millions of dollars. Below I have outlined the considerations that we go through in developing a personalised plan.   Debt repayment It makes sense to repay non-deductible debt (such as your home mortgage),as this provides a risk-free return that is quite attractive on … Read More