11 episodes

Medics' Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.

Medics Money podcast medicsmoney

    • Self Help
    • 5.0 • 10 Ratings

Medics' Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.

    Ep 10 - Using bitcoin to improve medical records with Dr Abdullah Albeyatti - Medicalchain

    Ep 10 - Using bitcoin to improve medical records with Dr Abdullah Albeyatti - Medicalchain

    In this episode we hear from Dr Abdullah Albeyatti, MBBS BSc MRCS (ENT) MRCGP who has used bitcoin technology to improve the sharing of medical records. He's raised $24 million, is the CEO of a large company, still works as a doctor and somehow also finds time to help Medics' Money.He's got some great insights in to developing a portfolio career with "side hustles" and even offers some top financial tips. Linkshttps://medicalchain.com/en/Abdullah on LinkedInhttps://uk.linkedin.com/in/dr-abdullah-albeyatti-mbbs-bsc-mrcs-ent-mrcgp-49916973 

    • 31 min
    Ep 9 - Ethical investing

    Ep 9 - Ethical investing

    Do you want to make money from smoking, petrochemical companies and other peoples misery? Nope, neither do I. In this episode we discuss making money ethically. More information on ESG herehttps://www.medicsmoney.co.uk/ethical-investing-advice-for-doctors/You can contact Guy Roper here https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/

    • 20 min
    Ep 8 - Using FIRE to avoid burnout for doctors

    Ep 8 - Using FIRE to avoid burnout for doctors

    On this episode we are joined by Medics' Money reader Dr Emma Thurston who has used the principles of FIRE (see Ep 7) to train LTFT and develop her interest in wellness. We talk about how money can bring you happiness. How breathing exercises can make a day on call less stressful and Emma shares her tips on how doctors can deal with burnout.Read more about Emma herehttps://www.medicsmoney.co.uk/wellbeing-for-health-care-professionals/Emmas website https://dremmathurston.comEmmas insta https://www.instagram.com/dremmathurston/

    • 42 min
    Ep 7 - The FIRE training doctors actually need

    Ep 7 - The FIRE training doctors actually need

    If FIRE training triggers thoughts of mandatory FIRE safety training, you’ll be relieved to hear I’m NOT about to patronise you on whether to use the powder or water extinguisher on a live electrical fire.The FIRE I want to tell you about is Financial Independence Retire Early. This is the FIRE training that can help doctors have the freedom to work when and how they want without worrying about money. https://www.medicsmoney.co.uk/fire-doctors-financial-independence/

    • 12 min
    Ep 6 - Why ALL doctors need a financial plan

    Ep 6 - Why ALL doctors need a financial plan

    In this episode we give you an overview of financial planning for doctors. Why you need a plan? How to make a plan? Why spending less than you earn paying yourself first are  important. How protect your future? What qualifications do financial advisers have and how can you find a reputable adviser? It's a long one and summarises a lot of topics.You can contact Guy Roper here https://www.medicsmoney.co.uk/accountant/sunrise-independent-financial-advisers/ Make your own financial plan using our free ebook herehttps://www.medicsmoney.co.uk/ebook/ 

    • 36 min
    Ep 5 - 10 financial tips for junior doctors

    Ep 5 - 10 financial tips for junior doctors

    10 high impact financial tips for junior doctors (and some Jaffa Cake tax trivia). All the 10 tips are summarised in our free ebook here https://www.medicsmoney.co.uk/ebook/From the Medics Money podcast studio ;-)  me and Ed relive our youth and reminisce about our F1 years.Tip 1 - Use ESR to keep your payslips, P60 and the ESSENTIAL pension document all doctors need.Tip 2 - Got student debt? Use pay yourself first to ease the pain of repaying it.Tip 3 - Get a HMRC Personal Tax account. Its free and essential to managing your tax codes, tax rebates etc. Download the guide here https://www.medicsmoney.co.uk/free-guide/Tip 4 - Are you spending £139,000 on hospital food? (you probably are)Tip 5 - Check your tax code and correct it yourself online. Tip 6 - Understand your pay and contract and the BMA may be useful for this.Interlude for tax trivia - Jaffa Cakes - the most tax efficient "biscuit" ever?Tip 7 - Claim a tax rebate on GMC/BMA/Royal college/exam fees to save up to 40% https://www.medicsmoney.co.uk/free-guide/Tip 8 - I don't insure my phone, my washing machine or my beloved bikes, BUT I do insure this.Tip 9 - Who needs an accountant and when?Tip 10 - Unless you want to work as a doctor until state retirement age(68 for me)  then you need a backup plan and investing may be that backup plan.Thanks guys for listening and sharing.  

    • 36 min

Customer Reviews

5.0 out of 5
10 Ratings

10 Ratings

Laurall10 ,

Incredibly helpful

I’m loving all these amazing financial tips and more recently an interview with a doctor practicing FIRE and one who is a CEO for a tech company as well as a GP. Look forward to more of these kind of podcasts.

Dr D 77 ,

Wish we had this before

This is a must listen for all junior doctors starting out.

LauBolt ,

Excellent Podcast

Thank you so much for this! If not already planned could you please discuss how to challenge a tax rebate that has been rejected. For example an exam resit or an exam that meets the EIM32535 criteria but isn’t on the approved list EIM32540 (or would you just recommend getting an accountant for this?)

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