In this episode, we’re once again joined by Roger Wheelahan, Managing Director and Financial Adviser at Smart Financial Services. Roger explains why mid-career is one of the riskiest times financially for doctors — your income is higher, your responsibilities are stacked, and small mistakes can now cost six figures.
We break down the most common mid-career money mistakes, from being underinsured as your salary and liabilities grow, to letting finances cause friction with your partner, and relying too heavily on property without diversifying. Roger also unpacks why “risk” is really about timeframe, not fear, and how to structure your investments to build lasting wealth.
You’ll also learn how to protect your earning power with the right cover, create financial harmony at home with simple account structures, and think like a future-proof investor who’s preparing not just for your own retirement, but for your kids and even your parents.
If you’re a doctor in your 30s, 40s, or 50s, this episode will show you how to avoid expensive missteps, balance your growing responsibilities, and take control of your financial future with confidence.
TIME STAMPS:
00:00 Intro/Hook
02:00 Mid-career investment journey
03:50 Making sure insurances are up to date
05:05 Managing Financial Tensions and Diversification
12:55 Value of having an Adviser, Property Investment and Financial Advisors
21:18 Risk and Volatility in Investing
31:47 Diversification and Asset Allocation
35:22 Planning for Future Generations
40:45 Retirement Planning for Parents
45:27 Navigating Aged Care and Estate Planning
48:54 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.linkedin.com/in/roger-wheelahan-8ba53149/
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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
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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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.
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