We often get asked by our young medical and dental clients what they should be doing to work towards their financial security. Typically, the following 4 simple strategies form an integral part of their plan: 1) Ensure you can pay off your home mortgage in approximately 10 years. Having too much non-deductible debt presents a tremendous opportunity cost. 2) Focus … Read More
How Does Your Wealth Compare To The Average Australian?
(Image source www.news.com.au – read the full article HERE) I thought you might find this information interesting, as most people like to get an idea of how their wealth compares to other people. The Australian Bureau of Statistics released its Survey of Income and Housing 2017/18 recently, and it gives people a snapshot of the assets and debts of Australians. … Read More
Asset Protection For Doctors And Dentists – Video Series
Asset protection is a common and legitimate concern for many doctors and dentists. In this very digestible video mini-series I cover the most important aspects of asset protection and how to achieve it. Click HERE to watch. P.S. Whenever you are ready, here are 4 ways I can help you optimise your finances: 1) Grab a free ebook HERE or … Read More
Recognition For Our Client Servicing And Goals Based Focus
Affluence Private Wealth is proud to announce that our Principal, Yves Schoof, has been shortlisted as a finalist for two ifa Excellence Awards categories in 2019, in the categories of Client Servicing Individual of the Year and Goals-Based Adviser of the Year. Yves continually strives to offer the very best in financial advice and client services, and these awards are … Read More
Why Doctors And Dentists Should Put Their Finances On Auto-Pilot
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
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
Buying Vs Leasing Medical Or Dental Rooms
If you are considering purchasing or leasing rooms for your medical or dental practice, feel free to contact us to discuss in detail.
12 Things To Consider Before Buying A Practice
Some important considerations before purchasing a medical or dental practice. If you would like to discuss your plans, please feel free to contact Mitchell Walmsley or myself.
Warren Buffet’s Simple Retirement Advice
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.
5 Mistakes When Starting Your Own Medical/Dental Practice
What are the 5 most common mistakes to avoid when starting your own medical or dental practice? Feel free to contact myself or Mitchell Walmsley to discuss your practice plans.