In this episode of the Medics Money podcast, Ed Cantelo and Andy Pow discuss the recent budget announcements made by Chancellor Rachel Reeves. They delve into the implications of tax changes for healthcare professionals, including income tax thresholds, property income tax rates, and changes to ISAs. The conversation also covers NHS spending plans, pension taxation, and the introduction of new vehicle exercise duties. Ed and Andy provide insights into how these changes may affect listeners, particularly those in the medical field.
00:00:00 Introduction and Overview
00:00:00 Income Tax Changes
00:00:00 Property and Dividend Tax Updates
00:00:00 ISA Allowance Adjustments
00:00:00 NHS Spending and Pension Updates
00:00:00 Vehicle and Council Tax Changes
00:00:00 Conclusion and Listener Impact
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Ep 299: Investing in Yourself: Dr. Hassan's Approach to Financial Success for Doctors
Empowering Medical Professionals: Financial Insights with Dr. Hassan In this episode of The Medics Money Podcast, Dr. Hassan makes his debut. He's an F2 doctor in the NHS, active on social media as Dr. Hassan Finance. Dr. Hassan discusses the importance of financial literacy for healthcare professionals, sharing insights on investment strategies, the significance of transparent financial discussions, and the concept of the FIRE (Financial Independence, Retire Early) movement. He also speaks about the current financial struggles in the NHS, including the need for fair pay and the upcoming doctor strikes. Additionally, the conversation covers practical advice on managing personal finances, maximizing income, and cutting unnecessary expenses for a balanced approach to financial wellness.
00:00 Introduction to Medics Money Podcast
01:24 Special Guest: Dr. Hassan on Financial Wellbeing
03:30 Breaking Financial Taboos in Medicine
07:27 Investing: Mindset Over Stock Picking
11:13 The Power of Compounding and Long-Term Investing
15:25 Time vs. Money: The Ultimate Wealth
18:22 The FIRE Movement and NHS Pension Concerns
23:59 Opting Out of the NHS Pension: Pros and Cons
24:26 The Financial Benefits of Staying in the NHS Pension
25:44 Considering Personal Circumstances and Financial Advisors
27:17 The FIRE Movement: Tips and Strategies
28:07 Balancing Income and Expenses for Financial Independence
29:34 The Importance of Having a Financial Plan
34:43 Social Media and Financial Advice for Doctors
40:25 Upcoming Resident Doctor Strikes
44:31 Conclusion and Final Thoughts
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Ep 298: Inflation is making everyone poorer (except Bitcoin holders)
In this episode of The Medics' Money Podcast, Tommy dives into Bitcoin with guest Dr. Fahim. Dr. Fahim, a GP and finance enthusiast, critiques the financial system, explaining the historical context and the current monetary practices that make Bitcoin valuable. They discuss Bitcoin's role as a store of value, its volatility, and its potential in a diversified investment portfolio. The conversation covers the broader economic impact of inflation, central banking, and the technological trends shaping the future of finance. This episode is a comprehensive guide for professionals looking to understand Bitcoin's place in the market and its potential impact on their financial strategies.
Follow @thesecretdoc
00:00 Introduction to Medics Money Podcast
01:22 Guest Introduction: Dr. Fahim
02:23 Understanding Bitcoin and Economic Systems
07:56 The History and Evolution of Money
12:36 Inflation and Its Impact on Wealth
19:45 Investment Strategies and Portfolio Management
22:58 Bitcoin's Role in Modern Portfolios
32:06 Bitcoin's Dominance in the Market
32:29 Questioning Bitcoin's Valuation
34:47 Fundamental Properties of Bitcoin
35:05 Bitcoin's Role in Global Conflicts
37:02 The Value of Decentralisation
39:38 Bitcoin as a Store of Value
41:04 Bitcoin's Adoption and Volatility
46:07 Comparing Bitcoin to Traditional Investments
50:27 The Future of Bitcoin and Technology
54:57 Final Thoughts and Investment Advice
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Ep 297: How can you improve primary care workflows?
https://gptriage.com/
In this episode of The Medics Money Podcast, Dr. Tommy Perkins discuss the emerging role of artificial intelligence in primary care. The conversation explores the benefits of GP Triage, an autonomous triage and booking solution designed to improve patient access and streamline operations in GP practices. Key topics covered include the system's customization options, funding strategies, language accessibility, digital inclusion, and the future of AI in healthcare. The guests provide insights into how GP Triage was developed, its impact on practice efficiency, and its potential to enhance patient care and satisfaction. The episode concludes with predictions on the future transformation of primary care by AI technologies.
00:00 Introduction to Medics Money Podcast
00:51 Challenges in Primary Care
01:57 Meet the Guests
03:04 What is GP Triage?
04:57 How GP Triage Works
06:37 Customization and Benefits of GP Triage
08:41 Funding and ROI for GP Triage
15:34 Addressing Digital Exclusion
19:02 Future of AI in Healthcare
25:44 Getting Started with GP Triage
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MDT: What is Reeves planning for the Budget?
Welcome to another episode of the Medics Money MDT Podcast!
Join us as our team members discuss the upcoming November 26th budget by Rachel Reeves. With a £30 billion black hole in public finances, we're speculating on potential government measures. Topics include the possibility of reintroducing the Lifetime Allowance for pensions, changes in VAT, income tax adjustments, national insurance reforms, and the future of ISAs. This episode is filled with insights from our specialists Andy Powell and Matthew, covering how these budget considerations could impact doctors and other professionals. Remember, this discussion is speculative and for informational purposes only. Stay tuned for our post-budget analysis!
00:00 Introduction and Podcast Overview
00:12 Speculation on Rachel Reeves' Upcoming Budget
00:58 Meet the Medics Money Team
02:18 Discussion on Pensions and Potential Changes
08:02 Impact of Inflation on Doctors' Pensions
09:48 Economic Implications of Inflation
13:14 VAT and Tax Policy Speculations
23:11 Tax Freeze and Allowances
25:03 National Insurance on Partnerships
31:59 Cash ISAs Speculation
39:09 Potential Tax Reforms and Speculations
41:50 Concluding Thoughts and Future Discussions
The 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.