Passive Income Doctor

In this chat with Dr Jason Yu, we discuss money story, journey through junior doctor years, and becoming a GP with special interest in alleriges. •choosing a business partner •money backstory-humble beginnings, parents working a stall at Haymarket in Sydney •inefficiencies in the hospital system •own allergies health story •being a patient making you a better doctor •skin prick testing •nasoendoscopy •immunotherapy •rhinolight, haytoxFind out more-Meet Dr Jason YuAnother episode with Dr Jason Yu- how to enter med school:BuzzsproutMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Today we have a special Guest- Dr Avi Charlton, GP and founder of Melbourne Low Carb Clinic.Graduated From Melbourne Uni 2000, GP since 2003. She has done extensive education with Low Carb Down Under and Nutrition Network. She has done additional training with The Australasian College of Nutrition and Environmental Medicine (ACNEM). Also recently become a speaker•how does a GP develop a special interest in weight management? •only 12% population metabolically health •types of diet- low carb, keto, carnivore •myths around "5veg, 2 fruit" and is margarine better than butter? •insulin resistance •calories- but quality of the calories •healthy fats •breathwork •social media and doctors •having an open mind as a doctorFind out more:Dr. Avi Charlton - Melbourne Low Carb ClinicDr Charlton's podcast- Prescribing Lifestyle with Dr Avi Charlton - Podcast - Apple PodcastsOther similar episodes-GP to Weight loss entrepreneur (Dr Angela, Enlighten Me)Music Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Today we interview Dr Jason Yu, GP and Co-Founder of MissionMed, which provides UCAT and medicine interview training.•why chose medicine (and personal story)•undergraduate vs graduate medicine•medicine entry getting more competitive•journey into med school, his UMAT/UCAT score, how failed first time interview•what is working as a doctor really like, how to know if right for you•common interview questions (and mistakes)•how partnered up to deliver MissionMed programs•is the interview something you can actually train for?• differences between UNSW, Western Sydney University, University of Newcastle/New England, James Cook UniversityFind out more:Meet Dr Jason YuUCAT Extended Mastery Program | MissionMedMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Han and AIlinh, from running optometry business to now buyers agents. Humble beginnings, working locum jobs, and growing to 40+ property portfolio. •day-to-day juggling tasks, getting great deals •growing up in South Western Sydney, saving way to first deposit •how mentor helped avoid Off the plan disaster •riding the 2004-2007 Perth wave, doubling in 3 years •often doctors/optometrists/healthcare workers too busy to focus on building wealth •Logan Brisbane development from 1 to 8 dwellings. getting up at 4am to visit the site, and flying back same day •goal to get to 50 properties this yearFind out more:About Us Your Leading Perth Buyers Agent - Focus Buyers Agentother large portfolio stories:Dr Anna Pham's Property JourneyInterview with Property Investor Richard BharataMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Gail Carmody helps doctors and healthcare workers pass high stake exams and job interviews. From early days working as a nurse at St Vincent's in Sydney, to Director of Nursing, CEO and then Business Development Manager roles in the private healthcare sector in multiple countries- New Zealand, Singapore, Malaysia, Indonesia, UAE. What are the differences in health care systems, and what are the common struggles for doctors across the world? •how healthcare and business worlds come together •16 hour days •her morning routine, and importance of 'controlling the day'  •doctors not taught how to run private business, get appointed to work in private hospitals •debate: public health vs private health system? • what was nursing training like back in the day? (living on hospital campus, and thrown into the deep end) •1.5yr into nursing training, buying own home •tips for going for leadership roles in healthcare- case studies • starting a weight loss business in another country •asking for help •changing mindset, when faced with not knowing the answer to a problem. • breathwork- box breathingFind out more about Gail at:Coaching for Healthcaregail@coachingforhealthcare.comOther podcast episodes:GP to Weight loss entrepreneur (Dr Angela, Enlighten Me)Music Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Munzural Khan, accountant, and founder of KHI Partners, sits down in a behind-the scenes interview. He shares his philosophy of service in his business, also property journey to a sizeable portfolio, and finishes with a case study on a high-earning doctor who felt was paying too much tax! •helping new doctors, all the way to multi-centre clinic owners •starting out own business in the shadow of the Global Financial Crisis •Day 1 with just 5 clients, projected yearly revenue $15,000(but yearly rent $35,000!). 18 properties at the time. •without a grand masterplan, still managed grow to 25 partners, 7 offices, 140 members •story how he got into 1st property (with encouragement from parents) •long term holding property •case study on an anaesthetist, and the importance of playing within the rules with tax. Holistic planning with the wealth creation journey- property, shares, SMSF, wills and estate planning.Find out more:                                                                      https://khipartners.com.au/advisory-board/ - KHI Partners                Munzurul.Khan@khipartners.com.auOther similar episodes:Tax for doctorsDoctor Salary Australia | Which specialty earns the most?Music Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

We revisit this hot topic-How much do doctors in Australia actually make? And is there a pay gap between the states? (NSW, Queensland, Victoria, South Australia, ACT, NT, Western Australia, Tasmania) Which are the high paying specialties? Finally, we explore the pathways for IMG doctors to work in Australia.Resources/links:MABEL study on GP and specialist earnings-Melbourne Institute Working Paper No. 12/2010 (unimelb.edu.au)Medrecruit article-Discover the highest paying doctor jobs in Australia in 2025IMG doctors entry to Australia-Overview of assessment pathways (amc.org.au) Check out another episode: Why Doctors don't get WealthyMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

In this episode, we have a behind the scenes chat with Dr Angela Kwong- GP and founder of Enlighten Me-a doctor designed meal replacement shake for weight loss.Not only do we discuss the weight loss industry in Australia, but also Angela's journey in medicine and also investing. Migrant background, working hard, investing with her first paycheck, and now launched not one, but 2 startups!Find out more about what Dr Angela is up to:https://enlightenme.com.auhttps://linkedin.com/in/drangelakwonghttps://facebook.com/drangelakwonghttps://instagram.com/drangelakwonghttps://tiktok.com/drangelakwonghttps://youtube.com/@drangelakwongMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

 •Dr Anu's experience with locuming, and how StatDoctor can revolutionise this space •leaving steady pay-check, to zero pay security with building a start-up •building a brand •how StatDoctor can make it easier for doctors, and cost-effective for hospitals •developing an app •AUSCEP(Australian Clinical Entrepreneur Program) •locum rates collapse-what's going on?Check out:Home - StatDoctor(1) Dr Anu Ganugapati

Phil retired at 53 years old, but found retirement mind-numbingly boring, and so he decided to draw on his experience to help others buy commercial property- specialising in retail shops.I thank Phil for sharing in depth behind-the-scenes how he finds deals. •the extensive due diligence required for commercial property •keeping in contact with agents •how he values a deal •finding out about the all about the lease (duration, terms, security/guarantee, is it a net lease •be wary of expenses left off by selling agent(backflow testing, public liability, annual audit) •zoning •body corporate minutes •why sees value in SE Qld •views on office space •types of retail he likesFind out more at:ABOUT THE BOOK – Engines of WealthOther similar podcast episodes:Steve Palise- Commercial Property MythsMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

WARNING: Controversial topic. But you may be a doctor wondering why you just can't get ahead.  High single or dual incomes but high expenses:  mortgage, insurance, CPD and registration, private school fees for kids, new care, a couple of holidays here and there- it all adds up! Not to mention medical school HECS debt. ...and most doctors don't earn high incomes until their 30s (or even later once achieved Fellowship), compared to other professions who have had a head start earning and investing in their 20s.In this episode (revisted), I explore why some doctors are not as financially well off. Then I explore the opposite: how doctors CAN get wealthy.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.comFollow me on Instagram for first peek at new content, and follow me on my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Personal insurances often something put in the 'too hard' basket, but to kick of the new year- good time to reflect and review. In this episode with Bluerock insurance advisor Jason Hugo, we explore: • when should you consider getting insurance (tip: easier to get when younger/healthier) •differences with income protection, TPD, trauma insurances • level vs stepped premiums, breakeven points •insurance changes since October 2021 •agreed value vs indemnity value •cancer diagnoses being common event for claims •case studies •is there such a thing as over-insurance?Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Inspiring in-depth interview with Dr Tom Lee, founder of Hopmedic, a telehealth and locum job portal.His medicine and entrepreneurial journey has been ups and downs. •big life decision to move from NZ to Australia, to pursue dream of medical school •shock when entering junior doctor workfoce •locum opportunities •active trading: shorting the share market, and making 50X returns •personal portfolio, including crypto •businesses (hint: pivoting leads to success)- ranging from sneakers, to arancini balls, to a mobile app that delivered CBT therapy for pre and post-operative pain. •Hopmedic, hitting 1 million in revenue in 6 monthsReach out to Tom on Linkedin, and find out more about his company here: Hopmedic ⋅ Best jobs from top agencies in one placeMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In part 2 of my chat with Dr JL:•personal philosophy on property investing. •cashflow vs capital gains. •Perth market. •exit plan for property? •Dr JL passive income funding his travel! •Dr JL first hand experience with MLMTake home tips:Paying yourself first.Taking action.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Dr JL, GP shares his career journey, and investing journey. •BPT background to currently working General Practice •humble beginnings to now passive income •Rich Dad Poor Dad, Barefoot investor, How to Create an income for life (Margaret Lomas) •property portfolio 2.5M •property spruiker story (what red flags to look out for) •first investment property bought for $330k in Adelaide •managed funds and index funds, and shares (in lead up to GFC) •owner occupied property •mining share (Lynas rollercoaster) •latest Perth purchases (rent return from $330 to $570/wk) (Dr Dan): In other news: I've been receiving few property related questions lately, keep sending them in and I will do a Q+A session.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Hot topic is SMSF (Self Managed Super Fund)•what minimum balance to start SMSF•what assets do doctor clients invest inside SMSF•property and SMSF, how can be powerful tool to growth retirement savings•case study- commercial property. growing from 1 to 6 million!Disclaimer- as always, speak to your own licensed advisorMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Part 2 in chat with Dr Kristal Lau. having lived and worked in many countries, she shares her experiences and perspectives on healthcare and business differences.Also she shares how she is dominating her niche area and growing a community. Some topics covered include:•differences between US and Australian healthcare system•her experience living in Germany and France,•setting up consulting business- and solving a gap in the market regarding postpartum wellness.•mindset on frugality, investing•having the 'money talk' with your partner•aging population and is relying on the government pensions for retirement wise?•transferable skills from medicine to business•tips for female doctorsUS Healthcare System Explained (youtube.com)Website: www.bridgesinhealth.comLinkedIn: www.linkedin.com/in/klyqlYouTube: www.youtube.com/@drkristallauMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this episode, we interview Dr Kristal Lau- journey from medicine to entrepreneurship and postpartum wellness consulting.•medical school, BPT•geriatrics specialty, and a sad story about palliative care•life changes, military spouse, Masters of Public Health•psychology of money- drop in come as stay at home spouse•becoming an author•USMLEFind out more about Kristal:Website: www.bridgesinhealth.comLinkedIn: www.linkedin.com/in/klyqlYouTube: www.youtube.com/@drkristallauMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Another insightful episode with property investor and BA Richard Bharata.We cover age old debate "capital growth vs cashflow" •Richard's recent purchase Melbourne, how yield compares to regional QLD •resi vs commercial •some cashflow strategies- granny flat, duplex, unit blocks, NDIS, rooming homes We talk about some common sayings "Cashflow keeps you in the game but capital growth gets you out of the rat race"If you are a doctor and keen to chat about property- email passiveincomedoctors@gmail.com or reach out to me on socials.If you wish connect with Richard and find out about how he can help:iProperty Finder – Australia Wide Buyers Agent richard@ipropertyfinder.com.auMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In Part 2 of chat with Dr Anna Pham, we discuss•resi vs commercial property cashflow numbers•thoughts on buyers agents•building a community of doctors to take interest in investing (LifeCycle Projects)•teaching children importance of finances•investing in 10 year cyclesConnect with Dr Anna Pham-Anna Pham | LinkedInMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

We have a special guest- Dr Anna Pham- GP, entrepreneur, property investor.In Part 1 of this interview, we discuss:•medical school, and choice of specialty•how lending has changed over last 2 decades•Anna's impressive property portfolio•philosphy on Principal and Interest repayments•mindset, investing as a single mum•commercial property•acting on opportunities when others can't get financeConnect with Dr Anna Pham-Anna Pham | LinkedInMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this part 2 of interview with locum agent Max, we discuss:•do locum agents really prioritise one doctor over another?•last minute cancellations!•Max's 3 strike rule•media perception that locum agencies are driving up healthcare costs•workforce planning for healthcare services•tips for locum doctors, and how to get in touch with Max:mdrakeley@wave.com.auMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this chat with locum agent Max, we discuss:•which medical specialties get the highest rates•doctor preferences for lifestyle and shorter stints post-COVID•behind the scenes look at the work locum agents need to do•how GPs can upskill to do rural generalist roles•urgent care, telehealth, and the challenges...Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

"Multiple income streams" is often stated as way to get ahead financially.In this episode, we explore some side hustles that doctors can do, including:• locuming (especially rural locations)• consulting• medicolegal work• writing (for medical journals, developing guidelines for primary health network)• cosmeticsAdditional note- as of 2024, anecdotally the locum market has changed in Australia, with downward pressure on rates. This could be variety of reasons- from more doctors coming from overseas, and also state governments tightening spending.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

We are back for part 2 interview with Perth buyers agent David Hall. •dark side of rental growth • horror story about self-managing a property • more strategies (e.g. combining duplex lots) • tips for negotiating with a seller • how a junior doctor bought their first property for 740k, with development potential.Resources/links:Why is Australia Suffering From a Rental Shortage? 2023 (buyersagencyco.com.au)Contact David at: Contact Buyers Agency Co Perth | Property Buying SpecialistsMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

How much does mining, oil and gas influence Perth's property market?What is driving the current boom?In this interview with Perth buyers agent David Hall, we discuss overview of Perth market, his personal investing philosophy and much more.•difference between current market 2024 and last boom 2004-2007)•what is a balanced market for Perth•retain and build strategy•HMO strategy•WA economy, and trends for energy- green hydrogen etc•prediction: 20% growth for rest of 2024!Resources/links:Perth house prices to boom then bust - MacroBusinessHMO Investing & Management Services | Buyers Agency Co.What is green steel and how can it help us reach net zero? | World Economic Forum (weforum.org)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Property investing involves assets worth hundreds of thousands to millions of dollars- so choosing someone to manage this asset is so important.We have all heard stories about difficult tenants, and property managers missing things and even not contactable! Property managers have a difficult task, and also have high turnover.I have learnt over the years questions to ask. In this episode, I share 5 tips when selecting a PM.Other resources:What landlords should look for when choosing a property manager (domain.com.au)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this episode, I give an update on Passive Income Doctor, and how portofolio is faring- interest rates in last 2 years gone from 2% to 6.5%. Headline inflation has been 7%p.a but when I see property prices, grocery prices, it seems more like 10-20%.I also talk about finance challenges- obstacles in obtaining lending. I discuss the current 3% interest rate servicing buffer, DTI limits.I finish with some practical tips how to get through difficult financial times, and finish with mindset minute of the week: "Wealth is the transfer of money from the impatient to the patient. "Articles of interest:Overview | Statement on Monetary Policy – May 2023 | RBAWhy Is the Consumer Price Index Controversial? (investopedia.com)APRA holds 3% serviceability buffer - Mortgage BusinessMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this episode we chat with Dr Urzula Carr, histopathologist, and life coach.We discuss journey from Poland to UK, working in the NHS, and then life in Australia.We talk about some property wins including granny flat/studio, feasibility studies for property development.Finally we discuss her journey, how life coaching and self development helped her through some dark times, and how she intends to help doctors with burnout.Find out more about Urszula at: Home - MedicReviveMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

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 discuss2.advertise in advance- notice to patients3. train reception staff, implement processes.Info for patients/community members- why is there a gap:Fees Gap Poster.pdf (ama.com.au)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

We have back on the show Richard Bharata, property investor and buyers agent. We catchup on what's happened in the last 12 months, some recent cracker deals. Also he shares some common investor mistakes, and also some tips for interstate investing. Finally we discuss Perth property market, and also predictions for what areas and price points will do well.Check out Richard at: iProperty Finder – Australia Wide Buyers AgentMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Age old question, buying own home vs investment property? And which one first?Where rentvesting sits in the picture?It is a personal question, however in this episode I explore some things you may have not considered before.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Holidays and taking timeout is important for doctors. How to optimise this, and how it can help you be a better doctor.Also I talk about my (controversial opinion) on points hacking, and some hidden dangers.Other resources/reference:Why Physician Vacation Time is Vital | JAMA Career Center (jamanetwork.com)Historic change to Declaration of Geneva | Australian Medical Association (ama.com.au)Choosing a credit card - Moneysmart.gov.auHow Credit Card Rewards Devaluations Can Eat Into Your Rewards (fool.com)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this episode, we explore basics behind index funds and ETFs- rising popularity over last few decades. Also, how it stacks up against active/managed funds.As always, please note this is general information, and not personalised financial advice.What Are Index Funds, and How Do They Work? (investopedia.com)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Theres a common saying "Its time in the market, not timing the market". I believe long term horizon for investing is important, however timing entry into a market is also important- to get early wins, to give some confidence; also to avoid buying at a peak and experience big falls.In this episode, I talk about market cycles, presidential cycle, property clock, and much more.Other resources:Market Cycles: The Key to Maximum Returns (investopedia.com)Month in Review - Herron Todd White (htw.com.au)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this episode, I interview Claire Lim, medical student and co-founder of ScriptAI, an artificial intelligence tool to help doctors write notes. We discuss her entrepreneurial journey, including sourdough, Electronic Medical Records and AI tools.  Importance of pivoting, and creating solutions for challenges in everyday life and clinical medicine.Check out ScriptAI-scriptai.coMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

In this episode, I chat with Eamon, a medical recruiter looking after locum doctors all around Australia. We start by discussing the motivations and benefits for locum doctors, then explore some challenges/pitfalls that can happen- sudden cancellations, doublebooking, job not accurately advertised.We touch on some challenges facing rural healthcare in Australia, and I ask about what makes some doctors quit locuming, and what makes some rural hospitals excel in attracting regular returning doctors.Other resources/interesting articles:Five-Point Plan to Build Rural Medical Workforce | Australian Medical Association (ama.com.au)Connect with Eamon- (Eamon Murray (MRCSA) | LinkedInMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

How can busy doctors set up their personal finances to maximize chance of success?Todays episode, I share 5 steps that you can take to simplify your finances.1. Assess your current situation2. Set a compelling goal3. Develop habits (track spending, regular self-education, monitor savings rate)4.Action plan5. Reassess/re-evaluateOther resources: Some “Thing” to Talk About? Differential Story Utility From Experiential and Material Purchases - Amit Kumar, Thomas Gilovich, 2015 (sagepub.com)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Today, we review what property prices did in 2023, and what factors are shaping the Australian property market for 2024. I also discuss some key announcements from the 2023-2024 Budget regarding healthcare, and discuss trends with General Practice, healthcare spending, and private health insurance.Thanks to your support for 2023, wishing everyone well in their endeavours into 2024.Resources:Will house prices go up in 2023? The answer largely depends on interest rates - ABC News20.11.23 Housing Boom and Bust report 2024.pdf (sqmresearch.com.au)RACGP - Government's key Medicare Budget measures kick inMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

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 futureResources:connect with Dan Sofo - Buyers Agent Sydney I Buy Better, Buy Faster With Agent Dan Sofo (unicornbuyersagents.com.au)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Margaret Lomas is a recognised Australian property expert, and the best-selling author of nine property investment books, including 20 Must Ask Questions for Every Property Investor.Dr Dan shares his thoughts, and some key takeaways:1. Identifying tomorrow's blue chip areas can boost your returns.2. Appealing to families is important- owner occupiers tend to drive capital growth.3. Avoid small towns, especially if centred around 1 industry4. Do your due diligence.Links/resources:The 20 questions to ask before you buy an investment prop... (urban.com.au)20 Must Ask Questions for Every Property Investor - Margaret Lomas - Google BooksMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Awesome interview with Steve Palise, commercial buyers agent.Some highlights:•first property purchase going from 230k to 330k in 1 year!•making the switch from residential to commercial•myths around capital growth of commercial•how you can get into commercial from as low as 150k purchase price•doctors often setting unrealistic passive income goals•pros and cons of CommercialListen to the end, to find out how to get Steve's book for free!paliseproperty.comMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Common scenario- household with 1 or 2 doctors,  high incomes but high expenses:  mortgage, insurance, CPD, private school fees for kids, some holidays, etc. And of course, most doctors don't earn the big money until their 30s (or even later), whilst other professions would have had a head start earning and investing in their 20s.In this episode, I explore why some doctors are not as financially well off as they could be. Then I explore the opposite: how doctors CAN get rich.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Controversial topic: GPs in Australia switching to private billing. In this continued interview with Dr Suresh Khirwadkar, he shares: • why more doctors are moving away from bulkbilling• benefits in private billing•fears around drop in patient numbers•social media! sharing about carnivore diet, growing his Youtube channel and podcastMore resources:Find more about what Dr Suresh is up to at: The Meat MedicDoctors can join 'Transition to Private Billing' Facebook groupA new report shows almost 65 per cent of GPs no longer offer bulk billing to patients | Sky News AustraliaMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Today Dr Suresh Khirwadkar shares his journey, from NHS in the UK, to working as a GP in Australia.We talk about how money lessons in childhood influence him today, turning $500 into $500,000 with a timely property decision, and then the challenges associated with constructing a house in post-COVID and higher interest rate world.Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Doctors are trained to put patients first, but how often do they take a moment to look after themselves?From unpaid overtime, to working through lunchbreaks, to extracurricular commitments to boost CV... self-care is important to prevent burnout.3 aspects of self-care I explore in this episode: physical, mental, financial.Other resources:Self-care-and-mental-health-resources-for-general-practitioners.PDF (racgp.org.au)Doctors Health Advisory Service https://doctorshealth.org.au/Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Common question I'm often asked, is how do you determine how much to offer for a property? The agent has listed a price guide, but what is it actually worth? Other topics covered:How to use comparable sales to your advantage.How to challenge a bank valuation.Mindset minute-  Risk comes from not knowing what you are doing.Other resources:How does a professional valuer assess what your property is worth? - OpenAgentMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Why is borderless investing on the rise?Investing interstate can mean professionals living in expensive cities, are able to get a foot on the property ladder.In this episode, I share experiences with investing in other cities,  factors to consider when choosing a suburb,  gentrification and a lot more.Resources:Can you predict which parts of Sydney will be next to gentrify? | Sydney | The GuardianGentrification - Picking Suburbs Set to Shine - May 2020 (propertybuyer.com.au)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Why are so many doctors unhappy? Why do some always struggle with money, whilst other people seem to have money under control? Today we explore ‘Happy Money'and lessons learnt from this bestseller book.Resources:Why are doctors so unhappy? - PMC (nih.gov)Happy Money: The Japanese Art of Making Peace with Your Money : Honda, Ken: Amazon.com.au: BooksMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

6 properties in 18months! Today I interview Richard Bharata, an investor who has turned his hobby into his own business, helping others purchase properties also.We talk about his professional background, his drive for passive income, and lessons he has learnt along the way.Resources:Buyers Agency – Buyers Agency (ipropertyfinder.com.au)Richard's email- richard@ipropertyfinder.com.auMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com

Scarcity vs Abundance mindset, this important concept influences our personal and financial life. Often feelings of jealousy or inadequacy arise when we see a colleague, or even a stranger having more success than us. Another aspect of scarcity mindset is frugality, and saving at all costs, and this may be ingrained from an immigrant background.And finally, we touch on how doctors are trained in a scarcity mindset, and how to break free to reach financial abundance.Resources:5 Ways To Go From A Scarcity To Abundance Mindset (forbes.com)Scarcity Mindset in Medicine - Dr. Rupa (drrupawong.com)Music Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com