The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is ...
Find out how much Tommy made through investing :O https://youtu.be/kBe_p4Nowzk?si=2_Xxx56Q90D0PBTH
Why Expert Stock Market Predictions Usually Fail and What to Do About It In this video, Dr. Tommy Perkins from MedicsMoney discusses why expert predictions for the stock market, including those for 2025, are often incorrect. By reviewing major financial institutions' predictions for 2024, he demonstrates the consistent inaccuracies of these forecasts and highlights the cost implications for investors relying on active fund managers. Instead, Dr. Perkins advocates for evidence-based investing through low-cost passive funds, which historically outperform actively managed funds. He also shares his personal investment strategy and invites viewers to reflect on their own approaches for 2025.
00:00 Introduction to Expert Predictions
01:34 Why Expert Predictions Matter
02:42 The Cost of Active Management
04:00 Reviewing 2024 Predictions
06:51 Evidence-Based Investing
08:32 Looking Ahead to 2025
09:10 Conclusion and Viewer Engagement
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Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
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9:24
Ep 251: 3 Rules of Wealth for your Children!
This podcast episode is a replay of a bonus session from the Financial Wellbeing course, featuring Will Rainey, a children's author. The discussion centers on the importance of teaching children about finance, covering practical aspects like tax-efficient investments for kids and how to talk to children about money using engaging stories. Will Rainey, author of 'Grandpa's Fortune Fables,' shares his journey from the corporate financial world to creating educational stories for children. He emphasizes the power of storytelling in imparting financial wisdom to kids, explaining concepts like saving, investing, patience, and the hazards of gambling and scams. The episode also delves into effective methods for giving pocket money, teaching compound interest, and the pros and cons of giving children cash versus digital money. The session concludes with a note on upcoming sessions and resources for further learning.
00:00 Introduction to Financial Education for Children
01:59 Meet Will Rainey: Author and Financial Educator
07:01 The Concept of Financial Forests
13:49 Teaching Financial Prudence to Teenagers
18:42 Pocket Money: To Link or Not to Link with Chores?
25:03 The Importance of Cash for Kids
25:37 Transitioning to Digital Money
27:38 Educational Tools and Apps
28:49 Engaging Financial Stories for Kids
29:22 Lessons on Scams and Patience
32:33 Understanding Spending and Saving
39:30 The Power of Compound Interest
44:00 Final Thoughts and Resources
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
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47:18
Ep 250: Rich Doc v Poor Doc - financial habits of wealthy doctors and how you can learn them
Dr Trapped vs Dr Wealthy. Which do you feel most aligned to? If Dr Trapped, what can you do about it??
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
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14:42
Ep 249: An expert came on our course... here's what happened
Transform your financial future in just 8 weeks
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
Donate to Robbie's charity bit.ly/NM-Sponsor
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
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55:26
Ep 248: 5 financial resolutions to improve your finances in 2025
The Medics' Money team join forces to give their personal New Years' Resolutions as well as general tips to improve your finances. Happy New Year everyone!
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/
Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com
Want to improve your finances fast? Then come on our course
https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
GP partner looking to improve your practice/ Then come on our course
https://www.medicsmoney.co.uk/gp-partnership-programme/
Follow us on Instagram
Follow us on Twitter
2025 Financial New Year's Resolutions for Doctors
In this special New Year's episode of the Medics' Money Podcast, the team dives into their personal financial resolutions for the coming year. Without Ed's physical presence, but with his voice edited in, the team includes Tommy, Cyra, Andy, and Matthew. They share their goals and advice for 2025, discussing topics like handling emergency funds, contributing to ISAs, improving credit scores, reviewing direct debits, and exploring offset mortgages. The team offers practical advice for doctors on automating savings, investing smartly, and ensuring financial well-being. Tune in to get inspired and kickstart your financial goals for 2025 with expert insights from Medics' Money!
00:00 Introduction and New Year's Greetings
01:09 Cyra's Financial Resolution: Managing the Emergency Fund
01:56 Tommy's Insights on Emergency Funds and Investments
07:05 Matthew's Resolution: First-Time Home Buyer Tips
09:16 Andy's Resolution: Starting Something New
13:55 Ed's Inserted Segment: Overpaying Mortgages and Direct Debits
21:26 Tommy's Personal and Financial Resolutions
25:32 Conclusion and Looking Ahead to 2025
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26:55
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The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.
UK