Investing For Doctors Podcast

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- Munzurul Khan, Chairman of KHI Partners and our resident accountant, joins us again to go back over the May 2026 budget now that the dust has started to settle. We recorded this at the end of September 2026, so some of it will keep moving. We start with negative gearing. Munzurul explains the 12 May 2026 cut-off, what grandfathered means for properties you already own, and why negative gearing has been quarantined rather than abolished, with exceptions for new builds and commercial property. He also covers converting an owner-occupied home into an investment property, the unresolved edge cases around death and separation, and why losses now sit in one pool with your capital gains. Then we look back. Munzurul walks through what happened when negative gearing was taken away in 1985 and brought back around 1987, then turns to capital gains tax and the move from the 50% discount back to indexation on 1 July 2027. He does the maths on whether it's fair, why commercial property is getting more attention, and why he tells clients to get a valuation for 30 June 2027 and let their accountant run it both ways. If you own property, or you're thinking about buying or selling, and the headlines have left you confused, start here. ----- TIME STAMPS: 00:00 Intro/Hook 01:48 Season two: why we're revisiting the budget 02:56 Munzurul's first reaction to the budget 04:34 Politics, the numbers in both houses, and why the laws won't change easily 07:35 Negative gearing: before and after 12 May 2026 08:55 Grandfathering and quarantining, with exceptions for new builds and commercial 10:24 Converting an owner-occupied home to an investment property 11:05 Death, separation and the edge cases still unresolved 14:38 One pool: property, capital gains and losses 17:38 What negative gearing actually means (and what happened in New Zealand) 19:25 The 1985 attempt to take away negative gearing 23:47 Rents rising now 24:32 Capital gains tax: the move back to indexation 26:50 Valuing your property on 30 June 2027 28:02 Is it fair? Doing the maths on 50% vs indexation 29:43 Why commercial property is getting more attractive 31:58 CGT items still unresolved: small business and startups 32:39 What happens to your base cost if markets fall 33:43 Why you should still get the valuation 34:19 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://www.linkedin.com/in/munzurul-khan-7ba6a318 https://khipartners.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- Roger Wheelahan, principal at IFD Financial Planning, our in-house financial planning team, joins us to go through the May 2026 budget changes one by one. We recorded this in late September, while a lot of it is still in draft legislation, so think of it as a snapshot of where things stand right now and what we're telling clients to do about it. We start with the change doctors have called about the most, the new 30% tax on family trusts. Roger explains what the government is actually trying to stop, why the latest draft lets you fix a beneficiary once, and why that means bucket companies aren't dead after all. He also walks through how a bucket company really works, why no one can own a trust, and how he structures his own businesses. Then we get into capital gains tax and the move back to the indexation method. Roger breaks down why there will be two calculations, why so many properties will need a valuation on 1 July 2027, and what share price counts on the day. He shares how one IFD client hedged their trust and bucket company ahead of the changes, why share portfolios are looking more favourable than property right now, and why the first question is always who owns the asset. If you've got a family trust, a bucket company or an investment portfolio and you're not sure whether to act yet, start here. ----- TIME STAMPS: 00:00 Intro/Hook 00:59 May 2026 budget 01:29 Roger and IFD Financial Planning, one year in 02:08 Why we're time stamping this episode 02:48 Taxing unrealised gains, then the family trust shock 03:29 Why we told clients to stay calm for now 04:22 The three big changes: negative gearing, capital gains tax and family trusts 05:48 What the government is really trying to stop with trusts 09:25 A minimum 30% tax on investment earnings 09:58 Fixing a beneficiary, the latest draft 11:04 Why bucket companies aren't dead 13:30 Would you send everything to the bucket company? 14:58 Case study: how one client hedged their trust and bucket company 17:06 How a bucket company works, and why no one can own a trust 19:49 How Roger structures his own businesses 20:42 Capital gains tax and the move back to indexation 21:26 Valuations, the 50% discount and your base cost on 1 July 2027 22:38 What share price counts on the day 24:18 Property prices sliding and new builds down 20% 27:05 How clients are reacting to the CGT changes 27:57 SMSFs and investment bonds back in focus 28:37 Why share portfolios are looking more favourable 30:11 Who owns the asset comes first 31:26 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi Roger Wheelahan: https://www.linkedin.com/in/roger-wheelahan-8ba53149/ Smart Start Financial Services: https://smartstartfs.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- Alissa Childs is back, and this time we're talking about what we've been building together at IFD Lending, our in-house mortgage broking business made for doctors. After 12 months of working with doctors from the group week in and week out, Alissa explains why medical lending is in its own category, and why so many branch lenders get it wrong. Doctors rarely have one simple payslip. A locum here, VMO work there, 0.8 in a hospital and ABN income turning over six figures a quarter, all sitting in one application. We get into how banks look at PAYG, ABN and VMO income differently, the medico lending teams that even some bank staff don't know about, how to borrow before your new income hits a tax return, and why short term ABN income is the hardest deal to get over the line. Then we get to the part that could save you thousands. Alissa walks through Beat Your Rates, where IFD Lending goes to your current bank and asks for a lower rate on your behalf, why every loan they write gets repriced every six months, the SMSF and commercial loans that quietly creep up in the background, and the client who spent 20 years paying 9% on $2.5 million before moving to 6% and saving $3,000 to $4,000 a month. If you haven't looked at your rate in a while, this is your reminder. Five basis points on a $2 million loan adds up fast. ----- TIME STAMPS: 00:00 Intro/Hook 01:35 Alissa is back, 12 months of IFD Lending 05:55 What makes doctors' finances so different 06:48 Medico lending and the bank teams most people don't know exist 07:37 Why going straight to the bank often goes wrong 08:29 PAYG vs ABN vs VMO, how banks view each type of income 09:13 Borrowing before your new income hits a tax return 09:56 Have lenders changed how they view doctors? 11:50 The hardest deals, short term ABN income and locums 14:03 Inside the first meeting, getting the whole picture 15:17 Why we try to reprice your existing loan first 17:51 Beat Your Rates, getting a lower rate without lifting a finger 18:20 Repricing every six months so your rate never falls out of market 19:05 Don't forget your SMSF and commercial loan rates 20:47 How to get your rate reviewed 21:43 Case study: the client paying 9% for 20 years 22:42 Rate rises and out of cycle increases 24:17 Why every basis point counts 25:01 Why each bank's appetite changes week to week 25:50 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi Two Birds One Loan: https://www.twobirdsoneloan.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- This is part two of our conversation with Grace Mathew, Managing Director of WeThink Group. If you haven't watched part one yet, start there, we cover what a family office actually is and why succession planning fails even at the billion dollar level. In this episode, we get practical. Grace breaks down how family offices are actually reacting to the recent tax changes, why concentrating your investments in what you genuinely understand can beat blind diversification, and why doctors have a real, unfair advantage when investing alongside their own profession. We get into real numbers from inside the family office deal flow, including a fund that returned 70% in a single year, and why Australia's legal definition of a sophisticated investor has almost nothing to do with actual sophistication. Most importantly, Grace shares her honest advice on how doctors and their families can start borrowing these exact strategies, no matter their net worth. That means having the money conversation before you think you need to, understanding why family disputes are one of the biggest decimators of generational wealth, and avoiding the one mistake almost every family makes when passing money down. ----- TIME STAMPS: 00:00 Intro/Hook 1:12 Back into it, how family offices are reacting to the tax changes 2:29 Why Australia is so over-allocated to property 3:53 How family offices use leverage on non-property assets 5:36 Why concentration in what you know can beat diversification 7:02 The doctor's unfair advantage, and why financial advisors are wired for loss aversion 10:31 Inside the deal flow, the fund that returned 70% in one year 12:44 Why owning your own home could legally make you a sophisticated investor 13:14 What family offices are investing in right now, AI, data centres and resources 14:10 Why Australian founders are moving overseas 17:02 Why family offices don't always chase the highest return 20:47 How doctors can actually get into this mindset, Grace's real advice 24:51 Family disputes, one of the biggest decimators of wealth 27:52 The biggest mistake heirs make with inherited money, and how to guard against it ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi WeThink Group: https://www.wethink.group/ Grace Mathew: https://au.linkedin.com/in/gracemathew- ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr Bi sits down with Grace Mathew, Managing Director of WeThink Group, to unpack what family offices actually do differently and why succession planning fails even at the billion dollar level. Grace spent years running investment strategy inside a single family office linked to the family behind Coca Cola, before going independent to advise family offices, funds and ultra high net worth families around the world. We cover what a family office actually is, how it differs from simply having a lot of money, why less than a third of family offices managing over $1 billion have a proper succession plan, and why the biggest wealth transfer in human history is about to land on a generation that was never taught how to manage it. We also break down single versus multi family offices, what it actually costs to set one up or join one, and why family office structure is just as much about protecting wealth as it is about growing it. This is part one of a two part conversation. In part two, Grace and Dr Bi get practical, how doctors can start borrowing these exact strategies no matter their net worth. ----- TIME STAMPS: 00:00 Intro/Hook 1:31 Meet Grace Mathew, Managing Director of WeThink Group 2:00 Grace's origin story into the family office world 3:04 What a family office actually is 5:46 How she became Managing Director of a family office linked to the Coca Cola fortune 8:59 The real numbers, family offices manage over $1 billion yet most still fail to plan 10:36 The biggest wealth transfer in history is coming, and most heirs aren't ready 12:26 Single family offices vs multi-family offices 16:56 What it actually costs to set up or join one 19:23 What family offices actually invest in (hint, it's not ETFs) 20:26 Family office vs. high-net-worth individual, what's really different 23:49 Family office structure isn't just about growing wealth, it's about protecting it 24:38 Why family offices are now looking offshore ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi WeThink Group: https://www.wethink.group/ Grace Mathew: https://au.linkedin.com/in/gracemathew- ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr. Bi sits down with Alissa Childs, principal at Two Birds One Loan and IFD Lending, to unpack what has actually changed in the lending and property landscape since the 2026 Federal Budget. After 20+ years in finance, Alissa says this is the most significant shift she's seen in the industry, and the numbers back her up: one doctor's approved purchase price dropped from $1.2 million to $850,000 once negative gearing was stripped out of the servicing calculators. We break down the real difference between negative gearing before and after the Budget, why established properties are now treated completely differently to new builds, and what's happened to borrowing capacity for anyone buying today. We also cover the surprise ban on SMSFs purchasing residential property, why trust and company structures remain the one area still largely untouched, and what's actually happening in the market right now, from auctions with zero bidders to banks quietly repricing loans to hold onto clients. This episode is a clear, numbers-driven analysis of what has changed, who it hits hardest, and what doctors should be doing about it right now. ----- TIME STAMPS: 00:00 Intro/Hook 00:46 Guest Intro: Alissa, Two Birds One Loan & IFD Lending 02:07 Before vs After the Budget: What's Actually Changed 04:06 What Negative Gearing Actually Means 07:34 Established Properties vs New Builds 08:59 How Banks Have Rewritten Their Servicing Calculators 09:44 Case Study: A Doctor's Borrowing Power Drops $350K 12:14 How Loan Structures Are Changing 13:19 Trusts and Company Structures: Still the Same Gameplay? 14:24 Market Impact: Softening Prices and Stalled Auctions 18:26 The Surprise SMSF Property Ban 20:34 Recap: What's Dead vs What's Still Standing 23:25 Interest Rates, Bank Retrenchments & the HSBC-Pepper Deal 25:09 Refinancing and Repricing Your Existing Loan 27:08 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi Two Birds One Loan: https://www.twobirdsoneloan.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- Investing for Doctors is back for season two, and we're starting off by jumping straight into the 12 May 2026 Federal Budget, which rewrote the rules on capital gains tax, negative gearing and trust structures. In this solo episode, Dr. Bi breaks down exactly what's now law as of 1 September 2026, and what's still just proposed. The headline changes: the 50% CGT discount is gone from 1 July 2027, replaced with CPI indexation and a new 30% minimum tax, which means every long term asset needs a valuation before that date. Negative gearing on established property is being quarantined to rental income only, new builds are exempt, and SMSFs are now banned from borrowing to buy residential property. Still to come: a proposed 30% minimum tax on discretionary trusts and a three year restructuring window. Dr. Bi closes with his read on inflation, interest rates, and why the smart move is to rethink your structure, not stop investing. If you hold property, run a trust, or invest through an SMSF, this one's for you. ----- TIME STAMPS: 00:00 Intro/Hook 04:22 CGT Discount Abolished and the New 30% Minimum Tax 09:18 Negative Gearing on Established Property Quarantined 14:41 SMSF Property Loans Banned and Small Business CGT Concessions 19:59 Proposed 30% Minimum Tax on Discretionary Trusts 25:02 Innovation Business CGT Concessions and Restructuring Advice 29:37 Macroeconomic Outlook, Will This Get Reversed? 33:16 Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- What does it take to build a health tech investment portfolio with zero failures across 32 companies? In this episode, we sit down with Dr Amandeep Hansra and Dr Bi Mian, the two clinicians behind Medical Angels, Australia's largest clinician syndicate, now transitioning into a formal $40 million fund. We hear how it all started from a Facebook group, why traditional VCs have historically struggled to invest in health tech, and what clinician-led investing actually looks like in practice. We also unpack how doctors can get involved as LPs, what the ESVCLP tax structure means for them, and why the founders believe that being on the clinical frontline is their single greatest investment edge. If you're a doctor who's ever wondered what it looks like to back the future of healthcare, rather than just work inside it, this conversation is for you. ----- TIME STAMPS: 00:00 Intro 01:03 Who Are Dr Amandeep and Dr Bi? 02:42 How They Met: A Cold DM and a Coffee 04:01 The Gap They Spotted in Health Tech Investing 06:22 The Facebook Group That Started It All 07:24 Balancing Medicine and Running a Fund 10:19 Why Clinician-Led Investing Beats a Generalist VC 13:06 How Their Clinician Network Powers Due Diligence 15:22 Move Fast AND Be Safe: The Health Tech Challenge 17:25 How They Evaluate Startups: Painkillers vs Vitamins 47:24 Formalising Into a $40M Fund: What That Means 48:30 The ESVCLP Tax Benefits Explained 53:17 What Does Success Look Like for Australian Healthcare? 57:16 Why They Do This: Impact at Scale 01:01:18 Final Message to Doctors Considering the Fund ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr Bi breaks down the most significant overhaul of trust taxation in Australian history. The 2026 Federal Budget has fundamentally changed the rules for anyone running a discretionary trust, and if you have a family trust, a bucket company, or a testamentary trust in your estate plan, this episode is essential listening. We unpack the new 30% minimum tax on discretionary trust income, why the bucket company strategy is now dead, what happens to the CGT discount inside a trust, and the critical traps buried in the testamentary trust carve-outs that most people have completely missed. Most importantly, we walk through the three-year restructuring window, what rollover relief actually means in practice, and why you need to start planning now rather than waiting for the legislation to be finalised. This episode is a clear, numbers-driven analysis of what has changed, who it affects, and what you should be doing about it today. ----- TIME STAMPS: 00:00 Intro/Hook 00:56 What a Trust actually is 02:06 Types of Trusts: Fixed vs. Discretionary 03:33 New Tax Rules for Discretionary Trusts 07:41 Impact on Tax Burden and Income Splitting 13:19 Who Does the New Tax System Affect? 16:08 Testamentary Trusts and Estate Planning 22:52 Capital Gains Tax Changes 29:28 Restructuring Options and Rollover Relief 35:38 Government Support and Practical Considerations 40:00 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr. Bi cuts through the political noise to explain exactly what changed in the 2026 Federal Budget and what it means for your financial future as a property investor. We unpack the end of the 50% capital gains tax discount, the move to cost-based indexation, the new 30% minimum tax on gains, and what the restriction of negative gearing on established properties really means in practice. We explore who these changes affect, what has been grandfathered, why new builds are now the preferred vehicle for property investors, and how company structures may become the new default for serious investors. Most importantly, we run the actual numbers to show whether these changes are as damaging as the headlines suggest. This episode is a clear, rational, numbers-driven analysis of what has changed, who it hits hardest, and what smart investors should be doing right now. ----- TIME STAMPS: 00:00 Intro Hook 00:42 Changes to Capital Gains Tax Discount 03:26 Transitional Protections and Special Carve-Outs 05:34 Impact on Speculative Investing and Income Support 11:06 Reforms to Negative Gearing 17:52 Impact on Investment Strategies 25:23 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- We're re-releasing this episode with Roger Wheelahan, Managing Director and Financial Adviser at Smart Financial Services, because the content is simply too valuable to be missed. Whether you're hearing it for the first time or coming back for a refresher, it's just as relevant today as when we first aired it. Roger reveals why your income is your most valuable asset and why protecting it should come before paying off HECS, buying property, or investing in shares. We cover the four key types of cover every doctor needs — income protection, life insurance, TPD, and trauma — plus the traps hiding in default super and how small changes can save you thousands. If you're an intern, registrar, or early-career consultant, this episode will show you how to avoid costly insurance mistakes, structure your cover properly, and build a financial foundation that protects everything you're working for. TIME STAMPS: 00:00 Intro/Hook 01:42 Guest Introduction 02:24 Role of Financial Advisor and Misconceptions 03:59 The important asset is YOU 05:44 Understanding Debt and HEX Debt 09:15 Insure yourself 13:54 5 D Approach of Risk 15:24 Types of Insurance and Their Importance 24:33 Financial Planning for Married Doctors 33:52 Value of the Financial Adviser 41:14 Structuring Assets and Tax Incentives 49:47 Conclusion/Outro —--- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://www.linkedin.com/in/roger-wheelahan-8ba53149/ ----- LISTEN TO THE PODCAST LISTEN TO THE PODCAST: Spotify: https://spoti.fi/3FoBRAy Apple Podcast: https://apple.co/4iks50N Amazon Music: https://amzn.to/3DoyJnP ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- Financial advice shouldn't be a luxury, but for 80% of Australians, it is. We're resharing this one because the insights are just as relevant today as when it first aired. In this episode, join me, Dr Bi Mian, together with Jessica Brady, a maverick financial advisor who sold her award-winning practice to create accessible money programs for the people the traditional system left behind. Jessica talks about why traditional financial advice now costs up to $8,100 annually, why the "I'm bad with money" mindset is quietly holding women back from building wealth, and why waiting for the perfect time to start is a trap. If you want quality money education without the hefty price tag of traditional advice, make sure to listen to this episode! ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://jessicabrady.com.au/ https://www.instagram.com/jessbrady_financialadvice/ https://au.linkedin.com/in/jessica-brady-21165812 https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994 ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- With the second clinical term now underway, interns and junior doctors can finally come up for air. And there's no better time to start getting your finances sorted. We're revisiting this episode because the timing feels just right! In this episode, join me, Dr Bi Mian, and returning guest Jessica Brady, Money Educator and Financially Fierce Podcast Host, who built accessible online money programs to help everyday Australians after selling her award-winning practice. Jessica covers conscious cash flow planning, automating your banking for effortless wealth building, goal-setting psychology, insurance considerations for medical professionals, and how to approach your first property purchase as a doctor. If you want to build sustainable wealth and avoid the money mistakes that trap many young doctors, this one's for you. ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://jessicabrady.com.au/ https://au.linkedin.com/in/jessica-brady-21165812 https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994 ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- We're bringing this one back. You've been asking these questions and this episode has the answers! In this episode, join me, Dr Bi Mian, and Roger Wheelahan, a financial advisor with over 25 years of experience helping individuals and businesses with succession planning, risk management, and retirement strategies. Roger shares how doctors can protect their medical practices with strategic buy-sell agreements, why risk insurance is the forgotten foundation of financial planning, and the impact of the Royal Commission on financial advice quality and accessibility in Australia. He also talks about the truth about superannuation as a tax structure rather than an investment vehicle, the differences between financial advisors and consultants, and the innovative ways to maximise retirement benefits while potentially qualifying for pension cards. If you want to understand how to properly structure your finances and create tax-efficient wealth strategies that work specifically for medical professionals, then make sure to listen to this episode! ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi Roger Wheelahan’s Links https://www.linkedin.com/in/roger-wheelahan-8ba53149/ https://smartstartfs.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- TIME STAMPS 00:00 - INTRO 00:43 - Roger's Background 05:55 - The Royal Commission Being Like "The Wild West" 08:10 - The Catalyst For the Royal Commission 10:31 - The Transformation of the Financial Planning Industry 12:12 - "Principal Agency Dilemma" 22:09 - FINANCIAL ADVISOR vs FINANCIAL PLANNER 22:52 - AFSL (AUSTRALIAN FINANCIAL SERVICES LICENSE) 24:46 - Financial Advisor: Who Are They Really? 29:01 - Risk Insurance 34:15 - Retirement Planning 40:38 - "Poor Financial Advice Can Make a Huge Difference" 41:52 - Financial Advisor Costs 46:34 - Service Percentage Fee 48:31 - Conclusion ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

In this episode of Investing for Doctors, Dr. Bi Mian sits down with Dr. Amandeep Hansra, RACGP digital health leader and co-founder of Medical Angels, to discuss one of the most exciting opportunities for clinicians today, investing in the healthcare startups changing medicine from the ground up. We unpack how Medical Angels grew from a coffee shop conversation into Australia's largest clinician-led investment syndicate, what seven years of backing healthcare startups has taught them about picking the right founders, and why the rise of AI makes this the most critical moment for doctors to be at the table. This episode is for any doctor who has ever wanted to shape healthcare from the outside, not just as a clinician, but as an investor backing the people solving the problems they face every single day. ----- TIME STAMPS: 00:00 Hook/Intro 01:19 Medical Angels 02:33 Dr. Bi and Dr. Amandeep's Creative Career Journey 13:35 Investing in health care startups/Finding the right co-founders 20:35 What Dr. Amandeep is looking forward to invest 23"27 Conclusion/Outro ----- SHOW NOTES LINKS If you're interested in learning more about the Medical Angels Venture Fund, visit: https://medangels.com.au/venture-fund/ https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://www.linkedin.com/in/dr-amandeep-h-b2092623/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors , Dr Bi breaks down one of the most emotionally charged and economically important topics in Australia today, the cost of housing. We unpack whether Australian property is expensive purely because of supply and demand, or whether our tax settings have played a major role in shaping the market we see today. We explore how capital gains tax actually works, why the 1999 reforms changed investor behaviour, what the 50% CGT discount really means in practice, and how negative gearing allows property losses to offset high income. Most importantly, we examine how these two policies interact to create powerful incentives for leveraged property investing and long-term capital growth. This episode is a structural, system-level discussion, not a moral debate about landlords versus renters. It is a clear, rational analysis of the incentives embedded in Australia’s tax framework, who benefits most from them, and whether those incentives may have contributed to housing affordability challenges facing younger Australians today. ----- TIME STAMPS: 00:00 Intro/Hook 01:10 Introduction of the speakers 02:13 Rayn from Archangels Ventures Background and Experience 04:09 Dina Tikova's Role at UNSW Founders/Background and Experience 06:37 Amandeep Hansara's Journey and Medical Angels 10:50 The Role of Angel Investors in the Ecosystem 22:29 Rayn's experience in Investing Deep Tech 24:17 Q&A 41:10 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://www.archangel.vc/ https://www.linkedin.com/in/raynong/ https://www.dochansra.com/ https://www.linkedin.com/in/dr-amandeep-h-b2092623/ https://medangels.com.au/ https://www.linkedin.com/in/dinatitkova/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page:

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- What do venture capitalists actually look for when someone pitches them? And more importantly, should doctors even be paying attention to startup investing? In this episode recorded live at the FICO Conference, we sit down with two VCs and a founder who just went through an acquisition to get the unfiltered truth. Samar Mcheileh from Scale Investors, Ben Armstrong from Archangel Ventures, and Michael Wang from Telecare hold nothing back from war stories about deals that didn't work out, to why women-led startups are quietly outperforming everyone else with 35% higher returns. We cover everything from how VCs actually make decisions, the difference between angel investing and a venture fund, the tax incentives most doctors don't know about, and why your medical background might actually give you an edge that even the top investors don't have. If you've ever been curious about startup investing but had no idea where to start, this one's for you TIME STAMPS: 00:00 Hook/Intro 01:07 Introduction of the Panel 01:51 Samar's Background and Introduction 07:18 Ben's Background and Introduction 09:45 Michael's Background and Introduction 11:38 Challenges in Venture Capital 19:21 What is Venture Scale? 24:04 Venture Capital Stories 33:00 The difference between Angel Investing and Venture Funding 45:35 Structure and Tax Incentives in Venture Funding 49:35 Question and Answer Portion 55:22 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://www.linkedin.com/in/samarmcheileh/ https://scaleinvestors.com.au/ https://www.linkedin.com/in/benarms/ https://www.archangel.vc/ https://www.linkedin.com/in/michael-wang-8857ba6a/ https://www.telecare.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/inves

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr Bi breaks down one of the most quietly destructive forces eating away at every Australian's wealth right now — inflation. If you've ever looked at your bank account and wondered why the same amount of money just doesn't go as far as it used to, this episode is going to explain exactly why that is, how it's measured, and why the number you see in the news probably feels nothing like what you're actually experiencing day to day. We get into the real drivers behind inflation. From rising production costs to government money printing, why the RBA's interest rate hikes can only do so much, what the Consumer Price Index actually captures and what it conveniently leaves out, and how inflation hits different Australians in completely different ways depending on whether you own assets, hold cash, or are still paying off a mortgage. We also break down which investments actually protect your wealth when inflation rises and which ones quietly bleed you dry without you even noticing. This episode isn't about predicting where prices are heading next. It's about understanding the mechanics of the silent tax. Who it hurts most, who quietly benefits from it, and what you can actually do right now so your wealth grows faster than inflation can erode it. ----- TIME STAMPS: 00:00 Intro/Hook 00:53 What is inflation? 01:56 Causes of Inflation: Demand-Pull and Cost-Push 06:06 Monetary Expansion and Its Role in Inflation 06:59 Measuring Inflation: The Consumer Price Index (CPI) 12:28 Understanding the CPI and Its Limitations 21:24 Impact of Inflation on Different Groups 25:36 Inflation and Investment Strategies 28:38 Interest Rates and Inflation: The Role of the RBA 41:20 Supply-Side Inflation and Its Challenges 43:25 Final Take-home message 47:16 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr Bi hosts a panel discussion from the FICO Conference on one of the most important but often overlooked foundations of financial planning: managing risk. While many professionals focus on building wealth through investing, this conversation highlights why protecting your ability to earn an income should come first. Dr Bi is joined by Roger Wheelahan, Managing Director of Smart Start Financial Services, Chris Jurukovski, NSW Adviser at Experien Life Insurance, and Sabrina Walmsley, State Manager at PPS Mutual. Together, they discuss the role of risk insurance including income protection, trauma cover, total and permanent disability (TPD), and life insurance, and why these policies form the foundation that supports long-term financial plans. This episode is for doctors and high-income professionals who want to better understand how risk insurance works, why it matters, and how protecting your income helps safeguard your broader wealth strategy. ----- TIME STAMPS: 00:00 Intro/Hook 01:18 Introduction of speakers and their backgrounds 10:27 Importance of Trust 11:47 Importance of conversation 12:49 Client case study 15:20 Change in Insurance System 20:02 Mental Health Claims 24:33 What to look for in an adviser 28:33 Losing a relationship with an adviser 32:22 Income Protection increasingly unaffordable issue 39:10 Reinstatement Options 42:03 Market Consolidation 42:48 Helpful Resources 46:24 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://www.experien.com.au/ https://smartstartfs.com.au/ https://au.linkedin.com/in/roger-wheelahan-8ba53149 https://www.ppsmutual.com.au/ https://au.linkedin.com/in/sabrina-sequeira-walmsley-26a2b024 ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors , recorded live at the FICO Conference, we host a dynamic debate on one of the biggest questions facing high-income professionals: Property or Shares — which one actually builds more wealth? Joining the discussion are Jessica Brady (Money Educator and host of the Financially Fierce Podcast ), Roger Wheelahan (Managing Director of Smart Start Financial Services), Munzurul Khan (Chartered Accountant and Chairman of KHI Partners), and Rich Harvey (CEO & Founder of Property Buyer). Bringing both perspectives head-to-head, the panel explores leverage versus liquidity, diversification versus concentration, behavioural bias, volatility, tax efficiency and the mathematics of long-term compounding. The shares side makes the case for flexibility, global exposure and ETF scalability, while the property side argues for tangible assets, borrowing power, manufactured growth and the structural advantages of leverage. Through real-world examples and live rebuttals, the conversation helps doctors and high-income earners better understand how each asset class behaves over time, and how to make more intentional, informed decisions about building long-term wealth. ----- TIME STAMPS: 00:00 Intro/Hook 01:07 Property vs Shares: Introducing the panellist 03:27 Roger Wheelahan - Shares & ETF Side 08:34 Munzurul Khan - Property Side 14:18 Jessica Brady - Shares & ETF Side 19:39 Rich Harvey - Property Side 23:19 Questions and Answers 44:54 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi https://au.linkedin.com/in/jessica-brady https://jessicabrady.com.au/ https://au.linkedin.com/in/munzurul-khan-7ba6a318 https://khipartners.com.au/ https://www.propertybuyer.com.au/ https://au.linkedin.com/in/sydney-buyers-agent https://au.linkedin.com/in/roger-wheelahan-8ba53149 https://smartstartfs.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.