Investing For Doctors Podcast

Federal Budget 2026 Just Killed The Trust Strategies You've Been Using For Years

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors [https://facebook.com/groups/investingfordoctors]  ----- In this episode of Investing for Doctors, Dr Bi breaks down the most significant overhaul of trust taxation in Australian history. The 2026 Federal Budget has fundamentally changed the rules for anyone running a discretionary trust, and if you have a family trust, a bucket company, or a testamentary trust in your estate plan, this episode is essential listening. We unpack the new 30% minimum tax on discretionary trust income, why the bucket company strategy is now dead, what happens to the CGT discount inside a trust, and the critical traps buried in the testamentary trust carve-outs that most people have completely missed. Most importantly, we walk through the three-year restructuring window, what rollover relief actually means in practice, and why you need to start planning now rather than waiting for the legislation to be finalised. This episode is a clear, numbers-driven analysis of what has changed, who it affects, and what you should be doing about it today. ----- TIME STAMPS: 00:00 Intro/Hook 00:56 What a Trust actually is 02:06 Types of Trusts: Fixed vs. Discretionary 03:33 New Tax Rules for Discretionary Trusts 07:41 Impact on Tax Burden and Income Splitting 13:19 Who Does the New Tax System Affect? 16:08 Testamentary Trusts and Estate Planning 22:52 Capital Gains Tax Changes 29:28 Restructuring Options and Rollover Relief 35:38 Government Support and Practical Considerations 40:00 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  https://doctorbi.com.au/ [https://doctorbi.com.au/]  https://au.linkedin.com/in/mian-bi [https://au.linkedin.com/in/mian-bi] -----   LISTEN TO THE PODCAST   Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN [https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN]  Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 [https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608]  Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast [https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast]  -----   FIND US HERE   Website: https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  Facebook Group: https://www.facebook.com/groups/investingfordoctors [https://www.facebook.com/groups/investingfordoctors]  Facebook Page: https://www.facebook.com/investingfordoctors [https://www.facebook.com/investingfordoctors]  -----   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.

2026 Budget: What Every Investor Must Know NOW

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors [https://facebook.com/groups/investingfordoctors]  ----- In this episode of Investing for Doctors, Dr. Bi cuts through the political noise to explain exactly what changed in the 2026 Federal Budget and what it means for your financial future as a property investor. We unpack the end of the 50% capital gains tax discount, the move to cost-based indexation, the new 30% minimum tax on gains, and what the restriction of negative gearing on established properties really means in practice. We explore who these changes affect, what has been grandfathered, why new builds are now the preferred vehicle for property investors, and how company structures may become the new default for serious investors. Most importantly, we run the actual numbers to show whether these changes are as damaging as the headlines suggest. This episode is a clear, rational, numbers-driven analysis of what has changed, who it hits hardest, and what smart investors should be doing right now. ----- TIME STAMPS: 00:00 Intro Hook 00:42 Changes to Capital Gains Tax Discount 03:26 Transitional Protections and Special Carve-Outs 05:34 Impact on Speculative Investing and Income Support 11:06 Reforms to Negative Gearing 17:52 Impact on Investment Strategies 25:23 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  https://doctorbi.com.au/ [https://doctorbi.com.au/]  https://au.linkedin.com/in/mian-bi [https://au.linkedin.com/in/mian-bi] -----   LISTEN TO THE PODCAST   Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN [https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN]  Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 [https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608]  Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast [https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast]  -----   FIND US HERE   Website: https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  Facebook Group: https://www.facebook.com/groups/investingfordoctors [https://www.facebook.com/groups/investingfordoctors]  Facebook Page: https://www.facebook.com/investingfordoctors [https://www.facebook.com/investingfordoctors]  -----   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.

Not as Safe as You Think: The #1 Financial Risk for Doctors | EP 73

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors [https://facebook.com/groups/investingfordoctors]  ----- We're re-releasing this episode with Roger Wheelahan, Managing Director and Financial Adviser at Smart Financial Services, because the content is simply too valuable to be missed. Whether you're hearing it for the first time or coming back for a refresher, it's just as relevant today as when we first aired it. Roger reveals why your income is your most valuable asset and why protecting it should come before paying off HECS, buying property, or investing in shares. We cover the four key types of cover every doctor needs — income protection, life insurance, TPD, and trauma — plus the traps hiding in default super and how small changes can save you thousands. 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 build a 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 —--- SHOW NOTES LINKS https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  https://doctorbi.com.au/ [https://doctorbi.com.au/]  https://au.linkedin.com/in/mian-bi [https://au.linkedin.com/in/mian-bi] https://www.linkedin.com/in/roger-wheelahan-8ba53149/ [https://www.linkedin.com/in/roger-wheelahan-8ba53149/] -----   LISTEN TO THE PODCAST   LISTEN TO THE PODCAST: Spotify: https://spoti.fi/3FoBRAy [https://spoti.fi/3FoBRAy] Apple Podcast: https://apple.co/4iks50N [https://apple.co/4iks50N] Amazon Music: https://amzn.to/3DoyJnP [https://amzn.to/3DoyJnP] -----   FIND US HERE   Website: https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  Facebook Group: https://www.facebook.com/groups/investingfordoctors [https://www.facebook.com/groups/investingfordoctors]  Facebook Page: https://www.facebook.com/investingfordoctors [https://www.facebook.com/investingfordoctors]  -----   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.

Think You’re Bad With Money? Here’s Why That’s a Myth for Doctors | Ep. 72

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors [https://facebook.com/groups/investingfordoctors]  ----- Financial advice shouldn't be a luxury, but for 80% of Australians, it is. We're resharing this one because the insights are just as relevant today as when it first aired. In this episode, join me, Dr Bi Mian, together with Jessica Brady, a maverick financial advisor who sold her award-winning practice to create accessible money programs for the people the traditional system left behind. Jessica talks about why traditional financial advice now costs up to $8,100 annually, why the "I'm bad with money" mindset is quietly holding women back from building wealth, and why waiting for the perfect time to start is a trap. If you want quality money education without the hefty price tag of traditional advice, make sure to listen to this episode! -----   SHOW NOTES LINKS https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  https://doctorbi.com.au/ [https://doctorbi.com.au/]  https://au.linkedin.com/in/mian-bi [https://au.linkedin.com/in/mian-bi] https://jessicabrady.com.au/ [https://jessicabrady.com.au/]  https://www.instagram.com/jessbrady_financialadvice/ [https://www.instagram.com/jessbrady_financialadvice/]  https://au.linkedin.com/in/jessica-brady-21165812 [https://au.linkedin.com/in/jessica-brady-21165812]  https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994 [https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994]  -----   LISTEN TO THE PODCAST   Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN [https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN]  Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 [https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608]  Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast [https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast]    -----   FIND US HERE   Website: https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  Facebook Group: https://www.facebook.com/groups/investingfordoctors [https://www.facebook.com/groups/investingfordoctors]  Facebook Page: https://www.facebook.com/investingfordoctors [https://www.facebook.com/investingfordoctors]  -----   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.

3 Financial Goals Every Young Doctor Needs to Set Now (Don't Start Your Career Without Them) | Ep. 71 [Encore]

Join 29,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors [https://facebook.com/groups/investingfordoctors]  ----- With the second clinical term now underway, interns and junior doctors can finally come up for air. And there's no better time to start getting your finances sorted. We're revisiting this episode because the timing feels just right! In this episode, join me, Dr Bi Mian, and returning guest Jessica Brady, Money Educator and Financially Fierce Podcast Host, who built accessible online money programs to help everyday Australians after selling her award-winning practice. Jessica covers conscious cash flow planning, automating your banking for effortless wealth building, goal-setting psychology, insurance considerations for medical professionals, and how to approach your first property purchase as a doctor. If you want to build sustainable wealth and avoid the money mistakes that trap many young doctors, this one's for you. -----   SHOW NOTES LINKS https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  https://doctorbi.com.au/ [https://doctorbi.com.au/]  https://au.linkedin.com/in/mian-bi [https://au.linkedin.com/in/mian-bi] https://jessicabrady.com.au/ [https://jessicabrady.com.au/]  https://au.linkedin.com/in/jessica-brady-21165812 [https://au.linkedin.com/in/jessica-brady-21165812]  https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994 [https://podcasts.apple.com/au/podcast/financially-fierce/id1727968994]  -----   LISTEN TO THE PODCAST   Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN [https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN]  Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 [https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608]  Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast [https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast]    ----- FIND US HERE   Website: https://ifdgroup.com.au/ [https://ifdgroup.com.au/]  Facebook Group: https://www.facebook.com/groups/investingfordoctors [https://www.facebook.com/groups/investingfordoctors]  Facebook Page: https://www.facebook.com/investingfordoctors [https://www.facebook.com/investingfordoctors]  ----- 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.