Preparing your children to be well-informed about financial decisions is a tough undertaking! Financial advisers often hear from clients that they did not receive much financial education. Money in general is a personal topic with aspects that are often not discussed with close friends and even with family. Your personal relationship with money is often […]
Are you educating your kids about money? Read More »
Brighten up, there is still hope for first home buyers who have been scrimping and saving in order to generate the necessary deposit to purchase their first home. Beginning on 1 January 2020, the First Home Loan Deposit Scheme is a government initiative aimed at getting young Australians into their first home sooner, with as
The first home loan deposit scheme explained Read More »
There are many hurdles that a doctor in training will navigate throughout their training program, one being whether you should or will apply for an overseas fellowship before taking on a consulting role. That comes with a number of financial considerations that a doctor should be aware of before commencing an overseas fellowship. Income expectations
Funding your overseas fellowship Read More »
We are excited to announce the arrival of Paid Parental Leave at DPM! Our Board of Directors & Executive team have given their endorsement for a new Parental Leave Policy, which means we can now offer 8 weeks of Paid Parental Leave. We are super excited about this great addition to our suite of employee
Paid Parental Leave at DPM Read More »
Investing in the equity market can be an intimidating experience for a novice. Common concerns include losing money, when to enter the market and what to buy. This article addresses these concerns within a framework of understanding the risks & uncertainty around investing. Uncertainty can be considered random and unpredictable, while risk can be measured,
Risks & uncertainty around investing: how to get started Read More »
Marketing a medical practice in Australia requires very careful planning. Unlike businesses in most other industries, medical practices are tightly regulated when it comes to marketing and advertising. In this article, we’ll explain how word-of-mouth marketing, branding and local SEO can help your medical practice find and connect with more of the right patients. But
How to market a medical practice? Read More »
Setting up a new private medical practice is effectively setting up a new business. Being your own boss comes with great perks, but there are a lot of things to consider when doing it alone; one of the first ones is around your brand, starting with business name registration. What’s in your business name? You’ve
Private Practice | Business name registration; your rights & the risks Read More »
Granted, it is not necessarily something anyone wants to talk about, but with nothing more certain than death, it is worth addressing. What happens to my Super when I die? First and foremost, you may not be aware that superannuation is not actually an estate asset. What does that mean? Well, in the event of
What happens to my Super when I die? Read More »
In addition to varying mortgage rates – different home loans offer different features and what is best for you may not be the best for another home buyer. A home loan tailored to your financial situation can be as important as finding the right home that fits your lifestyle. Understand your home loan better The
What’s the difference between an offset and a redraw? Read More »
Burnout is characterised by emotional exhaustion, cynicism and ineffectiveness in the workplace, and by chronic negative responses to stressful workplace conditions. With so many things competing for our time, it’s easy to become overwhelmed by the demands of work, family and maintaining our health. But this doesn’t mean that we should neglect the need to
How to avoid burnout | managing life flow Read More »
Having been asked this question many a times, we always say – the best way to structure your private medical practice depends on your personal and business objectives and circumstances. The most common different business structures – legal entities to choose from include Partnerships Companies Hybrid trusts Self managed super funds (SMSF) Most people are
What is the best way to structure my private medical practice? Read More »
If you are dreaming of owning a private medical practice now or in the near future, there are two main options to consider: Setting up a new private medical practice Buying an established practice (or into one) Setting up a new private medical practice The process of setting up a medical practice can be quite
Setting up a new private practice vs buying an established practice Read More »
