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The ATO is on a Mission! 223 SMSFs Trustees Banned!

If you would like to listen to this blog post in audio format, please click here. Oops….. looks like there are a few SMSF trustees that screwed up. That’s because the ATO disqualified a whopping 223 SMSF trustees in the September quarter. To be honest, that is a lot. It is also surprising that there […]

What’s the Next Step?

If you would like to listen to this blog post in audio format, please click here. As you all know, my wife thinks I am an imbecile. Except over the last few weeks, she also thinks I should now nominate myself for the madman of the year award. Come to think of it, there may […]

Crap…. You Just lost $4,546.

You can start crying because, yep…. Today, you lost $4,546. Let me explain. If you have ever read one of my budget updates, you will know that I am very skeptical of anything that they say will happen in the future. That’s because it rarely happens. And that’s because Governments are basically useless. That’s because […]

What Business Are You In?

On the face of it, this is such an easy question for medical professionals. Or is it? Because I can tell you this. Most of you in an instant will tell me what your medical business does. Yes, I understand it is healthcare or whatever specialist area you cover. But rarely will a business owner […]

The Secrets to Build Wealth

Medical professionals think there is a magic formula or there is a special thing that you need to do to become wealthy. As far as I know, there isn’t one. I do, however, know a formula that is tried and tested and works. In Australia, there’s a huge gap between the wealth levels of the […]

Passive Income – As Easy as it Sounds?

You have heard me or read constantly about passive income. When it comes to medical professionals, I bang on about it more. Why? Well, medical professionals are a bit unique. Their income can be directly related to how many hours they work. In many ways, earning passive income is almost too good to be true. […]

So you think you have some Challenges?

Have you ever wondered what a true challenge is? For me, it is this. Thinking that I am still twenty. I think I have the body of a twenty-year-old. I think that I look like a twenty-year-old too. And I think I can drink bottles of whisky just like a twenty-year-old. I know none of […]

Your Kids Mind – But Your Money!

I recently went on a course for accountants. This inevitably gives you visions of boring grey people hunched over tables, all keeping themselves to themselves. Except this one wasn’t quite like that. It was quite engaging, partly because there were some good key speakers. One of them was a brain expert talking specifically about the […]

10 Minutes of time….. $6K in More Taxes, Plus $50,000 Pain!

I know medical professionals hate paying taxes. I don’t blame them. In my time as an expert tax advisor to medical professionals, I have seen some insane tax bills. They are big enough to make me want to cry. And I’m not even paying for it. So, when it comes to medical professional clients, I […]

Follow Ikigai…..

When people find out I am a business advisor, I often get asked what business they should consider opening. When I get that question, I am reminded of a conversation I once had with a GP. He told me that when people found out at dinner parties that he was a GP, everyone wanted a […]