5 reasons why doctors cannot be complacent about their finances

Yves SchoofFinance, Investments

the financial affairs of medical professionals

More than any other profession, doctors have the ability to earn a significant amount of money throughout their career. Why then is it that many doctors do not retire as comfortably or as soon as they should? The very fact that you earn a high income can also be your financial downfall – you may become complacent about the management … Read More

3 ways doctors can build wealth and also save tax

Yves SchoofFinance, Investments

The number one frustration is undoubtedly that you pay too much tax. In fact, most doctors would pay 49% tax on the majority of their income. Whilst smart tax planning is essential to keep your fair share of your earnings, all too often people make financial decisions on the sole basis of a tax deduction. This can lead to costly … Read More

What you need to know about investing?

Yves SchoofInvestments

Understanding what you invest in A good way to minimise your risk is to only invest in what you understand. All too often people get carried away by flashy brochures and slick sales people who sell ‘exotic’ or ‘guaranteed high return’ investments. Yet, if you stick to what you know and understand, you can potentially avoid a lot of bad … Read More

Why set financial goals?

Yves SchoofInvestments

We all have ideas about what type of experiences we would like to have or things we would like to own. However, a goal is much more specific – you have decided what you want or want to achieve, when you want it, as well as how much it will cost you to get it, because after all, everything has … Read More

Why budgeting is so important

Yves SchoofInvestments

What is budgeting? Budgeting basically means looking at your income and expenses and deciding how much money you are going to spend, what you will spend it on, and how much you will actually save. Creating a budget is viewed to be a painful exercise by most people, which is why they never get around to it. And even when … Read More