Buying Your Rooms Through Super

Yves SchoofPrivate Practice

Buying your rooms through super has become a very popular strategy among Medical Professionals, and it is not hard to see why. Under the right circumstances it can be an excellent wealth creation strategy. However, it can also be a rather complex arrangement and it is not necessarily right for every Medical Professional. As part of our collaborative series “Avoiding … Read More

Financial Advice For Doctors – Our Process

Yves SchoofFinance

financial advice for doctors

We have built a considerable expertise in providing financial advice for doctors. We work with doctors in their late 20’s and 70’s and any age in between. This gives us a particular insight in the different financial issues affecting you throughout your career. We work with Surgeons, Specialists and GP’s as well as other healthcare professionals such as dentists and … Read More

5 Key Areas Where Doctors Need To Spend Money To Make Money

Yves SchoofPrivate Practice

There is a saying that goes ‘you need to spend money to make money. There is definitely some truth in this, also for doctors. In this article we will look at 5 key areas where you as a doctor can make beneficial investments. 1) Education and training It goes without saying that as doctors specialise in a particular area, your … Read More

Why Doctors Need a Team Of Advisers

Yves SchoofFinance

Many Doctors don’t work with advisers and still try to manage their own financial and tax affairs, or rely on the same (limited) service provider they used when they worked as an intern. However, with the financial complexities many doctors are facing nowadays, rather than making an ad hoc decision and hoping it’s in your best interests, making sure you … Read More

Doctors and financial stress

Yves SchoofFinance

Do doctors experience financial stress as well, despite their higher than average incomes? Yes, in fact I believe that many doctors do experience financial stress, whether it is as a result of a lack of time or knowledge to manage your financial affairs, or whether it is because your lifestyle is putting pressure on your cash flow. Doctors are like … Read More

Key financial issues for doctors in private practice

Yves SchoofFinance

There is no doubt that doctors in private practice face many different challenges and complexity. Let’s have a look at some of the most important financial issues you will be facing when running your private practice. Superannuation If you are not employed in any way, and run a private practice, personal deductible contributions would allow you to grow your super … Read More