You are in the early stages of your journey as a medical professional, and planning for life after work is probably the last thing on your mind. But consider this:
1. Live on Less Than You Earn – Aim to Save a Minimum of 10% of Gross Income Use a reliable app to track your monthly income and categorise expenses.
You might not realise it, but if you’re a doctor, you have special powers to make your wealth journey truly successful… You have the potential to earn as much income
Before making any investment, it is crucial to understand the impact of taxes on interest from investments. Taxes can significantly alter the true value gained from investing or borrowing money.
Compound interest is the eighth wonder of the world. “He who understands it, earns it… he who doesn’t… pays it.” ― Albert Einstein. Warren Buffett has said that compound interest
We see a common story among medical professionals – brilliant minds dedicated to healing others but struggling with their own financial well-being because it’s hard to carve out time and
In the labyrinth of financial complexities, finding the path to wealth creation can seem like an overwhelming expedition. Amidst a sea of options, strategies, and uncertainties, doctors tell us they
In the field of tailored advice specifically for medical professionals, Wealthmed’s focus is on comprehensive support and strategic planning. At its core lies the Integrated Advice Model, a meticulously crafted
Just as the Grinch stole Christmas, excess spending can rob us of all of the yuletide happiness. Seasonal credit card splurges can create ballooning long-term debt, while unnecessary consumption inevitably
Currently, only one in 20 Australian fathers choose to take primary leave, but with many organisations updating their parental leave policies to remove gender biases, an increasing number of families
It is commonly assumed that seeking financial advice is for the wealthy, and it only helps the rich become richer, yet financial advice can prove useful to anyone who wishes
If you were paid the average annual wage of $89,003[1], you could potentially earn over $10,751,000 over a 40-year working life[2]. You would use this money for daily living, for
A study conducted by the Australian Stock Exchange reported that nearly 25% of investors over the past two years were aged 18 to 24. These young Australians were found to
Australia has a progressive income tax system. This simply means that higher income earners pay a greater proportion of their income in tax than low-income earners. It is achieved by
When it comes to getting the most (money) from your annual tax return, there is usually a lot to think about, so we’ve identified a few options that could open
One of the keys to financial success is to adopt the right strategy at the right time. As you move through the stages of life here are some tried and
When most people think of salary sacrifice they think of superannuation. It’s pretty easy to see why. If someone earning $100,000 a year takes the last $10,000 of that amount
As we move towards the end of yet another year and ponder how fast the last 12 months have come and gone, many of us find ourselves thinking about the
When we get to the end of another year, we often feel the stress and events of the last 12 months weigh on us. As we head into the holiday
Investing in different asset classes such as equities, commodities, and fixed-income assets is a great way to accumulate wealth, but it is important to have a sound investment strategy in
Have a good money stream coming in, yet you still don’t have any savings? The world is constantly dangling temptations before our eyes, and it’s never been easier to buy
Wealth protection through the ages Insurance plays an important role in any wealth creation and management strategy. There is little point in accumulating wealth if you don’t protect it, or
We want the best for you and your tenants during these difficult times. Therefore, we suggest you follow the below checklist for Landlords with Tenants requesting lower rent: Has the
We have been talking to a few IT businesses and been noticing a massive increase of cybercrime activity trying to take advantage of the current COVID-19 situation. There are a number
Below information is a summary of events and our house view from one of our investment committee members Andrea Ciaccio, Portfolio Manager AZ Sestante: The US has changed its narrative and
Well, we are in the first stage of a lockdown. Hopefully, this will be enough to flatten the upward trajectory of infections, take the pressure off the health system and
In light of a crazy weekend, the majority of the banks have advised effectively immediately, assistance will be put in place to help both home loan and business customers manage
It’s a tricky time for everyone and we really appreciate the wonderful dedicated people who put themselves on the line to care for others. Do you have questions about your
The government is temporarily expanding eligibly to income support payments and establishing a time-limited Corona-virus supplement to be paid at a rate of $550/fortnight. Paid to both existing and new
The measures in this package are designed to assist Australian businesses and economic growth in the short term, and encourage a stronger economic recovery following the Corona-virus outbreak. The government
You might be wondering what insurance cover you have if you contract COVID-19 It’s a tricky time for everyone and we really appreciate the wonderful dedicated people who put themselves
This is a significant opportunity as value has returned to the market Massimo Guiati Global CEO of Azimut International It is becoming increasingly apparent that the Corona-virus is far more
A health crisis can occur at any time of life, but the risks obviously increase as we age. Unfortunately, due to this increased risk of illness or injury the cost
The dawn of a new year sees many people setting new year’s resolutions such as losing some weight or giving up smoking. Similarly, the beginning of a new year is
Christmas….. the time seems to fly from one year to the next! While it’s a joyful time for children and a wonderful time for family to be together, it can
Most of us have the desire to be in control of our finances, but taking the first step towards getting financial advice can sometimes be hard. Depending on which life
Teaching your child good money habits and the value of money should start early. Parents can influence how their children view money in different ways. Teaching your children to manage their money allows them to not
At Wealthmed, we create services that are simple to use while being detailed enough to meet compliance obligations with the ATO. In this blog post, we will discuss three key
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