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Your financial health, with Tom Grunsell from Westminster Wealth (a must listen for the chiropractors)
Manage episode 379354112 series 2853217
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Episode 78: Financial health episode. The aim was to provide some really useful information to chiropractors, anyone who is self employed or business owners about a topic that may be perceived as a bit dull. If you make it through this episode you will walk away with valuable tools to make your financial life much easier and provide a clear path to building wealth and saving tax.
We start by defining what is wealth? We tackle the concept of why 'profit' is often a dirty word in healthcare.
Then we cover the below topics....
Financial services
Accountants and IFAs - differences and how do you find a good one?
How much do you need to earn to warrant using an IFA?
Given the slice they take from the investments why should we use them over just winging the investments ourselves?
Wealth planning and cash flow forecasting.
Self employment.
Being a sole trader vs starting a company (we run through the tax brackets)
Tax planning
ISA’s, Pensions and other efficient ways to save tax as a high earner
Property
Mortgages and buying property (more complicated when self employed)
Renting vs Owning a property
You can find Tom here
Tom.Grunsell@westminster-wealth.com
https://www.westminster-wealth.com/tom-grunsell
These details will be important if you make it towards the end of our chat for a chance to win free beer....
Thanks Tom and Westminster for sponsoring this episode of the pod, hope you find the content useful.
Instagram @chirolondonpod
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