Passive Income Doctor

Today we interview Dr Jason Yu, GP and Co-Founder of MissionMed, which provides UCAT and medicine interview training. •why chose medicine (and personal story) •undergraduate vs graduate medicine •medicine entry getting more competitive •journey into med school, his UMAT/UCAT score, how failed first time interview •what is working as a doctor really like, how to know if right for you •common interv...

Han and AIlinh, from running optometry business to now buyers agents. Humble beginnings, working locum jobs, and growing to 40+ property portfolio.  •day-to-day juggling tasks, getting great deals  •growing up in South Western Sydney, saving way to first deposit  •how mentor helped avoid Off the plan disaster  •riding the 2004-2007 Perth wave, doubling in 3 years  •often doctors/optometrists/healt...

Gail Carmody helps doctors and healthcare workers pass high stake exams and job interviews.  From early days working as a nurse at St Vincent's in Sydney, to Director of Nursing, CEO and then Business Development Manager roles in the private healthcare sector in multiple countries- New Zealand, Singapore, Malaysia, Indonesia, UAE. What are the differences in health care systems, and what are...

Munzural Khan, accountant, and founder of KHI Partners, sits down in a behind-the scenes interview. He shares his philosophy of service in his business, also property journey to a sizeable portfolio, and finishes with a case study on a high-earning doctor who felt was paying too much tax!  •helping new doctors, all the way to multi-centre clinic owners  •starting out own business in the shadow of...

We revisit this hot topic-How much do doctors in Australia actually make? And is there a pay gap between the states? (NSW, Queensland, Victoria, South Australia, ACT, NT, Western Australia, Tasmania)  Which are the high paying specialties?  Finally, we explore the pathways for IMG doctors to work in Australia. Resources/links: MABEL study on GP and specialist earnings- Melbourne Institute Working...

In this episode, we have a behind the scenes chat with Dr Angela Kwong- GP and founder of Enlighten Me-a doctor designed meal replacement shake for weight loss. Not only do we discuss the weight loss industry in Australia, but also Angela's journey in medicine and also investing. Migrant background, working hard, investing with her first paycheck, and now launched not one, but 2 startups! Fin...

 •Dr Anu's experience with locuming, and how StatDoctor can revolutionise this space  •leaving steady pay-check, to zero pay security with building a start-up  •building a brand  •how StatDoctor can make it easier for doctors, and cost-effective for hospitals  •developing an app  •AUSCEP(Australian Clinical Entrepreneur Program)  •locum rates collapse-what's going on? Check out: Home - S...

Phil retired at 53 years old, but found retirement mind-numbingly boring, and so he decided to draw on his experience to help others buy commercial property- specialising in retail shops. I thank Phil for sharing in depth behind-the-scenes how he finds deals.  •the extensive due diligence required for commercial property  •keeping in contact with agents  •how he values a deal  •finding out about t...

WARNING: Controversial topic. But you may be a doctor wondering why you just can't get ahead.  High single or dual incomes but high expenses:  mortgage, insurance, CPD and registration, private school fees for kids, new care, a couple of holidays here and there- it all adds up! Not to mention medical school HECS debt. ...and most doctors don't earn high incomes until their 30s (or even l...

Personal insurances often something put in the 'too hard' basket, but to kick of the new year- good time to reflect and review. In this episode with Bluerock insurance advisor Jason Hugo, we explore:  • when should you consider getting insurance (tip: easier to get when younger/healthier)  •differences with income protection, TPD, trauma insurances  • level vs stepped premiums, breakeven...

Inspiring in-depth interview with Dr Tom, founder of a telehealth and locum job portal. His medicine and entrepreneurial journey has been full of ups and downs.  •big life decision to move from NZ to Australia, to pursue dream of medical school  •shock when entering junior doctor workforce  •locum opportunities  •active trading: shorting the share market, and making 50X returns  •personal portfoli...

In part 2 of my chat with Dr JL: •personal philosophy on property investing.  •cashflow vs capital gains.  •Perth market.  •exit plan for property?  •Dr JL passive income funding his travel!  •Dr JL first hand experience with MLM Take home tips: Paying yourself first. Taking action. Other resources/links Buying my first property at 23 years old Music Credit: Bass Nation. New episode every fortnigh...

Dr JL, GP shares his career journey, and investing journey.  •BPT background to currently working General Practice  •humble beginnings to now passive income  •Rich Dad Poor Dad, Barefoot investor, How to Create an income for life (Margaret Lomas)  •property portfolio 2.5M  •property spruiker story (what red flags to look out for)  •first investment property bought for $330k in Adelaide  •managed f...

Hot topic is SMSF (Self Managed Super Fund) •what minimum balance to start SMSF •what assets do doctor clients invest inside SMSF •property and SMSF, how can be powerful tool to growth retirement savings •case study- commercial property. growing from 1 to 6 million! Disclaimer- as always, speak to your own licensed advisor. Other resources/links: Entrepreneurial Professional Services Firm | BlueRo...

Part 2 in chat with Dr Kristal Lau. having lived and worked in many countries, she shares her experiences and perspectives on healthcare and business differences. Also she shares how she is dominating her niche area and growing a community.   Some topics covered include: •differences between US and Australian healthcare system •her experience living in Germany and France, •setting up consulting bu...

In this episode, we interview Dr Kristal Lau- journey from medicine to entrepreneurship and postpartum wellness consulting. •medical school, BPT •geriatrics specialty, and a sad story about palliative care •life changes, military spouse, Masters of Public Health •psychology of money- drop in come as stay at home spouse •becoming an author •USMLE Find out more about Kristal: Website: www.bridgesinh...

Another insightful episode with property investor and BA Richard Bharata. We cover age old debate "capital growth vs cashflow"  •Richard's recent purchase Melbourne, how yield compares to regional QLD  •resi vs commercial  •some cashflow strategies- granny flat, duplex, unit blocks, NDIS, rooming homes  We talk about some common sayings "Cashflow keeps you in the game but capit...

In Part 2 of chat with Dr Anna Pham, we discuss •resi vs commercial property cashflow numbers •thoughts on buyers agents •building a community of doctors to take interest in investing (LifeCycle Projects) •teaching children importance of finances •investing in 10 year cycles Connect with Dr Anna Pham- Anna Pham | LinkedIn Other resources/links: Profiting from Market Cycles Music Credit: Bass Natio...

We have a special guest- Dr Anna Pham- GP, entrepreneur, property investor. In Part 1 of this interview, we discuss: •medical school, and choice of specialty •how lending has changed over last 2 decades •Anna's impressive property portfolio •philosphy on Principal and Interest repayments •mindset, investing as a single mum •commercial property •acting on opportunities when others can't g...

In this part 2 of interview with locum agent Max, we discuss: •do locum agents really prioritise one doctor over another? •last minute cancellations! •Max's 3 strike rule •media perception that locum agencies are driving up healthcare costs •workforce planning for healthcare services •tips for locum doctors, and how to get in touch with Max: mdrakeley@wave.com.au Other resources/links: Interv...

In this chat with locum agent Max, we discuss: •which medical specialties get the highest rates •doctor preferences for lifestyle and shorter stints post-COVID •behind the scenes look at the work locum agents need to do •how GPs can upskill to do rural generalist roles •urgent care, telehealth, and the challenges... Part 2: Locum doctor cancellations (3 strike rule, with Max Drakeley Part 2) Other...

"Multiple income streams" is often stated as way to get ahead financially. In this episode, we explore some side hustles that doctors can do, including: • locuming (especially rural locations) • consulting • medicolegal work • writing (for medical journals, developing guidelines for primary health network) • cosmetics Additional note- as of 2025, anecdotally the locum market has changed...

We are back for part 2 interview with Perth buyers agent David Hall.  •dark side of rental growth  • horror story about self-managing a property  • more strategies (e.g. combining duplex lots)  • tips for negotiating with a seller  • how a junior doctor bought their first property for 740k, with development potential. Resources/links: Why is Australia Suffering From a Rental Shortage? 2023 (buyers...

How much does mining, oil and gas influence Perth's property market? What is driving the current boom? In this interview with Perth buyers agent David Hall, we discuss overview of Perth market, his personal investing philosophy and much more. •difference between current market 2024 and last boom 2004-2007) •what is a balanced market for Perth •retain and build strategy •HMO strategy •WA econo...

Property investing involves assets worth hundreds of thousands to millions of dollars- so choosing someone to manage this asset is so important. We have all heard stories about difficult tenants, and property managers missing things and even not contactable! Property managers have a difficult task, and also have high turnover. I have learnt over the years questions to ask. In this episode, I share...