‘Freelance’ Doctors: Pros and Cons of Working as a Locum

locum doctor finance

‘Locum doctors’ (also known as Locum Tenens doctors) are usually ‘freelance’ doctors who experience the world of medicine in a very different way compared with full-time doctors. They trade in the routine of employment for the flexibility of substituting for others who are off because of illness, maternity leave or holiday.

Why Doctors Need Financial Planning

doctor financial planning

Doctors need financial planning more than anyone. As a medical professional, you’re an expert in your field. That doesn’t mean you’re an expert in finance, accounting or investment, though. Add that to the fact that you’re earning more than most, which usually brings more challenges. Not only that, you’re extremely time poor. These things can […]

Budget and Cash Flow Modelling for Doctors

cash flow modelling doctors

Doctors earning a high income face the temptation to spend in line with their pay packet. But without a good budget and an understanding of your cash flow, problems can arise quickly. In addition to paying for some luxuries, you also have to make large payments in other areas such as funding your mortgage, kids’ […]

Why Doctors Need Income Protection Insurance

doctors income protection insurance

You do your best to live a healthy lifestyle and ensure that your family does too. But not even the best preventative steps can give you immunity from all potential accidents and illnesses. As a doctor, you know this better than anyone. Even healthy, educated, well-paid and hard-working doctors like you need to have sufficient […]

8 Mistakes Doctors Make With Their Personal Finances

doctor financial mistakes

As a doctor, you work hard to solve other people’s problems and most of the time you earn good money doing it. But a large salary doesn’t always guarantee financial security. Like many other doctors, you’re at risk of major financial problems. Based on our extensive experience working with medical professionals, here’s eight of the […]