Ep 276: Living above a takeaway to $15million founder
In this episode of the Medics' Money podcast, Dr. Shun Pang, co-founder of Anima Health, shares his inspirational journey from a 7-year-old immigrant from China to founding Europe's fastest-growing health tech company. He discusses his experiences in medicine, the challenges he faced, and what prompted him to transition into the tech industry. Dr. Pang elaborates on the potential impact of AI in healthcare over the next 10-15 years and highlights the importance of resilience, first-principles thinking, and a growth mindset for success. This conversation also provides valuable insights for doctors interested in transitioning to health tech.
00:00 Introduction: The Journey Begins
00:07 Founding Anima: The Seed of Conviction
00:30 Anima's Rapid Growth and Recognition
01:17 Shun Pang's Early Life and Challenges
01:54 Educational Path: From Grammar School to Cambridge
06:45 The Struggles and Failures Along the Way
09:57 The Birth of Anima: A Turning Point
15:03 Overcoming Obstacles: The Road to Success
25:36 Reflections on Resilience and Being an Underdog
28:02 The Role of Childhood Trauma in High Performance
29:07 Frameworks for Tackling Massive Challenges
29:34 First Principles Decomposition Explained
33:45 The Future of AI in Healthcare
45:51 Transitioning from Medicine to Health Tech
56:57 Advice for Aspiring Health Tech Innovators
--------
1:00:33
Ep 275: How FU Money = Financial Independence??
NOTE this was recorded before the change in terminology to 'Resident Doctor' from 'Junior Doctor'.
Achieve Financial Independence with FU Money: A Doctor's Journey In this video, we explore the concept of financial independence (FI) and how FU money can serve as a stepping stone toward achieving it. The speaker, once heavily indebted as a resident doctor, shares his personal journey from debt to financial stability. He explains the concept of FU money, which is enough savings or resources to allow for short-term freedom from a main job. Using examples from his own life, including a three-month surfing trip to Hawaii and the founding of 'Medics Money,' the speaker demonstrates how strategic financial planning and disciplined saving can make even seemingly unachievable goals attainable. The video highlights key financial skills such as optimizing tax, controlling spending, and setting mini-goals, ultimately providing viewers with practical steps to start their own journey toward financial independence.
00:00 Introduction to Financial Independence
01:14 Understanding Financial Independence
02:22 The Concept of FU Money
04:55 Personal Journey to FU Money
07:38 Building Medics Money
09:13 Lessons Learned and Final Thoughts
10:57 Bonus Content: NHS Pension
--------
11:26
Ep 274: Are you burning out?
Website - https://youarenotafrog.com/
Instagram - https://www.instagram.com/drrachelmorris/
LinkedIn - https://www.linkedin.com/in/dr-rachel-morris/
Facebook - https://www.facebook.com/DrRachelMorris
YouTube - https://www.youtube.com/@youarenotafrog
Our FREE Am I Stressed, Overwhelmed or Burnt Out Toolkit - https://www.shapestoolkit.com/stressed-overwhelmed-burnout-toolkit (please note that this is due to go live on Monday, 12 May)
Stress Curve Handout - https://www.shapestoolkit.com/handout-the-stress-curve-2024
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
--------
36:52
MDT: Active underperforms passive investing AGAIN, unemployed doctors and pay restoration FAIL
Navigating Resident Doctor Pay Cuts, Investing Insights, and Financial Strategies
In this episode of the Medics' Money MDT Podcast, hosts discuss various pressing issues affecting the medical community. Dr. Cyra Mackintosh, who recently secured a training job, and Mr. Andy Pow, a senior medical accountant, join to explore the significant challenges of unemployment facing many doctors. They break down the complications around the resident doctor pay offer and the psychological contract between doctors and the NHS. The team also underscores the pitfalls of active versus passive investing, spotlighting the Spiva Scorecard, which shows that passive investments historically outperform active funds. Lastly, they touch on the importance of financial habits, like taking advantage of cashback offers, in reinforcing long-term financial health.
00:00 Introduction and Guest Introductions
01:41 Discussing the Stock Market Crash
03:56 Investment Strategies and Media Influence
12:40 Resident Doctor Pay Offer and Job Security
23:54 Real Pay Trends in the Private Sector
25:25 Addressing Workforce Issues in Government
25:59 Educational Assistants and Pay Disparities
29:13 The SPIVA Scorecard: Active vs. Passive Investing
33:39 The Importance of Financial Confidence
40:08 Cashback Tips and Financial Savviness
--------
43:52
Ep 273: How to protect your most valuable asset...
Is your financial safety net complete? Join this webinar on June 3rd at 7pm with expert speaker Mike Harms. Register here.
Navigating Financial Protection in the Face of Adversity: A Personal Journey
In this episode, Tommy shares his personal ordeal of a severe hand injury that temporarily sidelined his medical career. Through this deeply personal narrative, he stresses the importance of financial planning, specifically how his carefully tailored protection plans, including sick pay, income protection, emergency funds, and life insurance, provided a crucial safety net. Tommy also highlights the importance of reviewing partnership agreements and the role of wills and power of attorney in ensuring financial security. Expert financial advisor Mike Harms joins to provide comprehensive insights into these financial strategies. This episode underscores the significant peace of mind that effective financial planning can offer, even in the face of unexpected life-altering events.
Want the latest financial tips for doctors and exclusive invites? Join 64,000 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
Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
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