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82% of doctors are making at least 4 of the 6 financial mistakes

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CEO

For the third time, physicists have detected a gravitational wave: a tiny ripple in the fabric of space-time. Like the two previous detections, it came from two colliding black holes, but this pair was much further away and may have been spinning in different directions.

The Exceptional Wealth Model

  • 1.

    Private Wealth Manager

    When you engage with MedCapital you will be matched with the most appropriate Private Wealth Manager. All our Private Wealth Managers are both accountants and financial planners so they are exceptionally qualified to assess and manage your wealth.

  • 2.

    Clarify your goals

    Most people manage their money without a clear target. Because money is something that impacts all areas of your life our first step is to understand your personal and financial aspirations.

  • 3.

    Where are you now?

    A map is of no use if you don’t know where you are. Step three is to therefore do a deep dive into your current financial position and to uncover if you are making any of six most common mistakes doctors are making.

  • 4.

    Create your plan

    Now that we know your aspirations and your current situation, we can create a robust financial plan for you. We use an evidence-based model that we tailor to your personal situation to provide certainty to you.

  • 5.

    Execute your plan

    To effectively execute any financial plan commonly requires in excess of eight different specialists. At MedCapital these people are part of one team, so the final step is to let your Private Wealth Manager coordinate these specialists in the effective execution of your plan.

Learn More About The Exceptional Wealth Model

Lorem Ipsum

CEO

For the third time, physicists have detected a gravitational wave: a tiny ripple in the fabric of space-time. Like the two previous detections, it came from two colliding black holes, but this pair was much further away and may have been spinning in different directions.

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Why wealth management matters
as a doctor

Financial stress is the number two stressor of doctors. Career is number one. Dr Sam Hazledine has for years been focusing on how to help doctors live exceptional lives. He has successfully lobbied the World Medical Association to include the health and wellbeing of doctors in the Declaration of Geneva, “The Physician’s Oath.” MedCapital’s process is designed to both achieve financial wellbeing and to remove the stress associated with managing your finances.

Register to get a Complimentary Assessment of your cash flow, risk profile, financial position and structures by one of our specialist Private Wealth Managers

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Founders

Dr-Sam-Hazledine-MedCapital

Dr Sam Hazledine

As the internationally recognised advocate for doctor wellbeing and its importance to practice good medicine, Dr Sam Hazledine is passionate about the wellbeing of doctors and evolving how they live and work. He has successfully lobbied the World Medical Association to include doctor health and wellbeing in the Declaration of Geneva, medicine’s modern day Hippocratic Oath.

The Ernst & Young – Young Entrepreneur of the Year and Sir Peter Blake Leader is the founder and Managing Director of Australasia’s largest medical recruitment company, MedRecruit, the wealth management company for doctors MedCapital, and the wellbeing organisation MedWorld.

Sam trained at Otago Medical School and graduated as a doctor in 2003.

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David Le

David is the founder of multiple successful financial services and accounting firms. He is a genius when it comes to finance and wealth.

David has seen that an integrated approach to wealth is critical to achieving financial independence and knows that with an holistic approach to wealth doctors can achieve financial independence safely and responsibly.

As a doctor you earn more money than most people and you work such long hours that often planning for your financial future gets put off.

Because you earn so much during your lifetime we have created a wealth mastery model just for doctors like you, that we call Exceptional Wealth, and is built on the core principle of ‘do no harm.’

Today, wealth is disproportionately distributed to ‘insiders’ – people with the inside knowledge and access to ‘wholesale’ investment opportunities.

What Every Doctor Ought To Know About Strategically Creating Financial Independence

Dr. Sam Hazledine, Founder of MedCapital

 

How To Overcome The Three Personality Traits That Tend To Cause Doctors Financial Problems

Dr. Sam Hazledine, Founder of MedCapital

60%
Top Earners Who Are Doctors
48%
Doctors Aren't Where They Want to be Financially
35%
Doctors Who Have No Estate Plan
100%
Doctors Engaged with MedCapital Who Rate Our Service as Exceptional

Frequently Asked Questions

When you consider the fact that as a doctor you earn a lot more money than most people it probably won’t come as a great surprise that the single most important thing when it comes to your financial health is the same as the single most important thing in medicine – do no harm.

Warren Buffet has two rules for investing:

  1. Don’t lose money
  2. See rule number one

If you start  saving when you’re 25 and investing 10% of your income at a 10% return, then you’ll have $15M when you retire.

You can live a very high quality of life both now and when you retire if you don’t do anything stupid, if you don’t take unnecessary risks, and you apply a model so you can systematically and responsibly build your wealth.

Yes, and no.

Generally accountants will process your tax returns, but they don’t help you create a total financial plan for your life.

We help you get clear on what you want and how much income that will require, then we apply the Exceptional Wealth model of Protection, Growth, and Enjoyment, so you can have the best chance of getting what you want at the lowest risk.

And yes, we are accountants and will also process your tax returns!

If you don’t have a plan for your money then someone else probably does.

As a doctor you earn a lot of money, but that alone won’t make you set for life. It’s critical to have a financial plan, and to execute on that plan, to build income producing assets in a low risk environment to ultimately replace your income when you retire.

If you save just 10% of your income and build it at a 10% rate of return, you’ll retire with $15M. You don’t have to do anything silly or take risks to have an exceptional quality of life.

The life of a medical student and junior doctor is one of deprivation. Long hours, debt, personal sacrifices, and little sleep. It’s no wonder doctors want to reward themselves when they start work.

And there’s no shortage of people looking to accept that money from you so you can live the life you ‘deserve’; to get the big house, the flash car, to reward yourself with an expensive holiday. Despite having huge student debt.

The big problem this causes is that it delays you structuring your finances and investing for your future. To put this in perspective, if you save $20 a day and invest 10% of your income at a 10% rate of return, if you start at age 25 you’ll have $3.8M when you retire. If you delay until you’re 35 you’ll have just $1.3M. And if you are really smart and invest 10% of your income from age 25 then you’ll retire with $15M. The power of compounding is huge, any delay very costly.

Doctors are used to being the best and not failing. You are well above average in terms of raw intelligence and income, and it can be tempting to think you can size up investment s as quickly as you can take a patient through triage.

So many doctors think they can ‘beat the market’, but generally speaking no one beats the market. Warren Buffet has a bet going with ten of the top hedge funds that they can’t beat the market through actively trading it. They are seven years into the bet and the market is up three times that of the top hedge fund. If they can’t beat the market with their teams of experts and researchers, then what chance do you have

It’s not about timing the market, it’s about time in the market and having an asset allocation strategy that means you’ll do well when the market is growing, you’ll mitigate loses when the market is falling, you’ll be OK in inflation, and you’ll be OK in deflation.

The first thing we need to do is to get together to understand you; your goals, your aspirations, and you financial situation.

We will then apply the Exceptional Wealth model to build you a plan to have a great quality of life both now and after you retire. The plan will be a responsible one that obeys the principal of ‘do no harm’ to growth your wealth systematically and responsibly.

Your plan will cover the foundations of Protection, Growth and Enjoyment.

With regards to protection we’ll create a plan for you, ensure you have the right structures for Business, Investing and Retirement, and ensure you have the most appropriate insurances for your income and your assets. We’ll then take ownership of reviewing that plan with you regularly, and reviewing the parts of the plan such as your insurances to ensure you are getting the best deal.

With regards to growth that’s about investment and debt management. We’ll ensure your investment portfolio has a sound asset allocation strategy to protect you not matter what the market does, and we’ll review your debt regularly to ensure you have it in the most tac effective structure and are paying the best rates.

With regards to enjoyment we’ll create a pre-retirement distribution strategy so you have a great quality of life you, so you enjoy the journey and stick with the plan, and a post-retirement distribution strategy so that when your income stops you have adequate income from your assets to replace it so you can maintain an exceptional quality of life.

Register to get a Complimentary Assessment of your cash flow, risk profile, financial position and structures by one of our specialist Private Wealth Managers

Get Started