In this episode, we’re joined by Roger Wheelahan, Managing Director and Financial Adviser at Smart Financial Services. Roger reveals why your ability to earn an income is the single most valuable asset you’ll ever own and why protecting it should come before paying off HECS, buying property, or investing in shares.
We break down the four key types of cover every doctor should know, income protection, life insurance, TPD, and trauma, along with the traps in default super and how small changes can save you thousands.
You’ll also learn how to match your insurance and asset structures to each stage of your career, why “you are the ATM” is the most important mindset shift for financial security, and how to set up your super for long-term growth from day one.
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 set up a solid 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
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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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