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Your Kids Mind – But Your Money!
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Category: Article
12 Jan
2024

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..

03 Jan
2024

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..

03 Jan
2024

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..

19 Dec
2023

Tell the people you love how you feel.

My wife often tells me I am a buffoon, and to be quite honest, she may have a point. Generally, women tend to be practical about most things. They have friendships where they share everything. They are more open about their feelings, too. They are not afraid to show how much they love either. When..

19 Dec
2023

It’s Time We Talked

People do not like talking about money. They don’t like talking about their wealth or their money habits. So, talking to elderly parents about money is usually a no-go area. But having to talk to them about death AND money? We are going into ‘I would instead go into a tank full of starving sharks’..

12 Dec
2023

What is Wealth? It’s Not What You Think It Is

If you have emailed me recently, you will know from my autoresponder that I was away. Again. Yes, I was on leave, but did not see it as a holiday. The idea was to see my elderly mother, who is 84 years old, in India. Well, that is what I told everyone. But between you..

06 Dec
2023

Exit? … Do it with a plan!

Disastrous News! It seems about a third of medical business owners are planning to exit their business by selling up. That in itself is not a bad thing. But selling up without having an exit strategy in place? Yeah….. that’s not a wise thing to do. Why? Well, because experience says that if you do,..

05 Dec
2023

Insurance Companies … Profits, Claims & Survival

We have all seen the advertisements which show how much our insurance companies care about us. RACQ, which likes to show there is always a claim person on hand as soon as a disaster hurricane strikes. Or maybe AAMI, which is always beside the car, ready to pick you up the moment a tire comes..

29 Nov
2023

What is Your Identity? And Should You Have a Business Identity?

As you know, I am constantly trying to educate myself. That means I often go on courses. Some are good. Some are bad. And some are just awful. Most people think a course is bad because the subject is boring. I can tell you it has nothing to do with the subject. Accounting is boring..

24 Nov
2023

ATO – Showing Its True Colours!

As you know, I have been saying for some time that the ATO is about to show its true colours. And it looks like they have just started. It is something we noticed over time. Stricter telephone calls, unwilling to negotiate and quite happy to leave things as they are. But now we are seeing..