178: Practicing Medicine in Australia

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 1 October 2020

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What is it like to practice medicine in Australia? Our guest in this episode walks us through the training and practicing of physicians in the land down under. We talk about what the medical system is like in Australia as well as how physicians are compensated. From time to time we bring doctors on the show from other countries, we've had a British physician and a doctor who trained in Venezuela on. It is fun to dive into the medical world of another country. Sometimes in the U.S. we get these almost blinders on and think we're the only country in the world. We don't really realize that there are a lot of lessons that could be learned from other countries, that we can really apply in our own lives to simplify both our medical system and our financial system. I think you will find this interview really interesting.

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Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here's your host, Dr. Jim Dolly.
0:18.0	This is White Code Investor Podcast number 178, practicing medicine in Australia.
0:23.0	Now is the time to start thinking about whether your current tax plan is truly tax-efficient
0:27.0	and keeping more of your hard-earned money in your pocket.
0:30.0	As cerebral tax advisors, they focus on all-year proactive tax planning.
0:33.0	As a spousive physician, their founder, Alexis Galady, has over 18 years of experience using court-tested IRS approved tax strategies to lower your effective tax rate and increase your wealth.
0:42.0	Her services are flat rate and she will show you your return on investment before you invest in cerebral services.
0:48.0	If you'd like to find out more or schedule a free consultation, visit their website at www.serebraltaxadvisors.com
0:55.0	or check out Alexis' new book, Advanced Tax Planning for Medical Professionals, available on Amazon.
1:00.0	We'll put links to both of those in the show notes.
1:03.0	Which you should check out by the way. They're excellent, very well done.
1:06.0	They run on Thursdays on the blog, same day this podcast drops.
1:11.0	It is September 21st. We're recording this to run on October 1st.
1:15.0	It's going to be a great episode. I think you're really going to enjoy it.
1:18.0	You know, from time to time, we've brought on doctors from other countries.
1:22.0	The White Co-investor, both the blog and the podcast, does have an international readership and viewership.
1:28.0	It's the vast majority as US docs.
1:31.0	But there are people from other countries that read and listen to the White Co-investor.
1:36.0	So it's a lot of fun, I think, to bring people on from other countries ever now and then and give you a sense for what it's like to practice medicine in another country.
1:43.0	In the past, we've had a doc from the UK on here.
	...

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