Passive Income Doctor

Doctors are well-educated, so naturally should be excellent when it comes to managing their finances right. Right?
Unfortunately this is not always the case.
I share some tips about money management, Why I DON'T budget, and what I do instead.
And the hidden dangers of credit cards and reward points.
Finally, I share my Mindset Minute of the day.
Resources/links:
Comparison Jack and Jill-9 Charts Showing Why You Should Invest Today (usnews.com)
Step 2 Set Up Your Buckets — The Barefoot Investor - Scott Pape
What is credit card hacking, and what are the risks? - ABC Everyday
Why Doctors don't get Wealthy
Music credit: Bass Nation

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810
Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

What are common financial mistakes for junior doctors and new grad nurses? In today’s episode, I discuss 7 tips I wished I knew before I started my healthcare career. What to check on payslips, money saving ideas, salary packaging, which insurances to get, and much more.
Also in today's mindset minute, I share some personal struggles.
Just a reminder, this podcast is for entertainment purposes, nothing here is financial advice. Please speak to your trusted professional advisers. Views expressed by podcast participants are solely their own.
Other resources:
Doctors-in-Training Pay Guide - Australian Medical Association (NSW) (amansw.com.au)
Industry Super Vs Retail Super Funds | Canstar
APRA Changes to Income Protection due to take effect 1st October 2021 (insurancewatch.com.au)
Income protection Explained (chat with advisor Jason Hugo)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810
Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

What is the link between burnout and finances? Why do high income professionals often end up with poor financial outcomes?
In this episode, we also talk about the 5 aspects of financial health, and tips to manage your finances better.
Just a reminder, this podcast if for entertainment purposes, nothing here is financial advice. Please speak to your trusted professional advisers. Views expressed by podcast participants are solely their own.
Resources/links:
193: Cure Physician Burnout with Dr. Dike Drummond - White Coat Investor Podcast | Podcast on Spotify
Avant - Dealing with burnout
Why Doctors don't get Wealthy

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810
Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Today we chat with Dan Sofo, Sydney buyers agent who covers bluechip areas such as the highly desired Eastern suburbs. We cover his journey from hospitality to real estate, his investing philosophy. Stay tuned to learn some tips on property negotiation.
-long hours, and managing 70 staff in hospitality business
-importance of assets outside of business
-solving problems as a buyers agent
-Dan's own portfolio, and investing philosophy
-outside of Sydney, where in Australia he is seeing value?
-3 constraints of supply: geography, heritage, planning
-storytime: excellent purchase (where essentially got the dwelling for free!)
-tips on property negotiation
-Dan's plans for the future
Resources/links:
connect with Dan Sofo - Buyers Agent Sydney I Buy Better, Buy Faster With Agent Dan Sofo (unicornbuyersagents.com.au)
My own property journey- Buying my first property at 23 years old

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810
Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Why the trend is from bulkbilling to mixed/private billing?
The Medicare rebate freeze, and effects on general practice sustainability.
The rising costs of running a small business.
Steps doctors and practices can implement to transition to private billing:
1. meeting to discuss
2.advertise in advance- notice to patients
3. train reception staff, implement processes.
Info for patients/community members- why is there a gap:
Fees Gap Poster.pdf (ama.com.au)
Other resources/links:
Private Billing GP (Interview with the Meat Medic)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810
Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos