7 with David Hazlewood
October 5, 2015
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DavidHazlewoodName: David Hazlewood
Hometown: Sydney
Occupation: Wealth Manager – I help successful medical specialists and their families make smart decisions with their money.
Family Profile: Married to Jenn with two daughters (Savannah 8 & Eliza 6), a dog, cat and two chickens
What book are you currently reading?
I’m sure you won’t be surprised that much of my reading is focussed on business. There are three books that I am reading at present:

  • The Opposite of Spoiled: Raising Kids Who are Grounded, Generous and Smart about Money
  • Happy Money: The New Science of Smarter Spending
  • Small Giants: Companies that Choose to Be Great Instead of Big

On a recent holiday I did get some time to indulge though, and loved re-reading To Kill a Mockingbird.

What is something that most people are surprised to find out about you?
One of the things I spend a lot of time talking about professionally is risk, and managing risk. So many people are surprised to find out that I love riding motorbikes. I don’t get much of a chance to ride for pleasure lately but have had some fantastic trips on bikes – the most memorable would have been riding a Harley from LA up the Pacific Coast Highway to San Francisco, out to Yosemite National Park then through Death Valley to Las Vegas.

You have just released the eBook “Clinical Trials”. How did you come to write the book?
It goes back to when my wife Jenn was pregnant with Savannah. About halfway through the pregnancy our Obstetrician told us that he couldn’t deliver our baby – he had developed a heart condition and his Cardiologist had told him he could no longer deliver babies. I remember thinking how devastating that must have been after all of the time and effort he put into his career, but I also worried about his and his family’s financial well-being – after all, there is not generally much call for an Obstetrician who can’t do deliveries. I wanted to be able to do something for him and people like him to ensure that if something like that happened to them they would be ok. This book is my attempt to help more people than I can help directly through my practice.

Can you briefly describe what the book is about?
The book looks at the current state of the medical profession and the people who work within it. We start with an overview of conditions and review details such as working hours, holidays and income, including details of how earnings change over time. This is based on information collected from over 6,000 Australian Doctors, both Specialists and GPs.
We then move on to explore the financial issues and difficulties faced by doctors and their families, and the broader issues of well-being and work-life balance.
Finally we look at how the profession has changed and how it might change in the future, and explore the impact that this might have on the doctors working within it.

In the book you note that “Spouses (both male and female) are becoming more central to operational and strategic issues relating to family wealth and/or business”, why do you think that is?
Part of it I think is that people are generally more educated than previous generations, and the division of labour in families no longer occurs along traditional stereotypical lines but is more along the lines of interests and expertise. For instance in my household I do most of the cooking because it is something that I love doing, whereas my mother always did that at home.
In terms of non-medical spouses increasingly managing the family wealth this is certainly a factor. But I think it also comes down to practicality and levels of interest. Given the professional demands on the time of medical professionals, if their spouse can manage these issues it allows them to spend their time outside of work in other areas, be it family or leisure. There are also many people who are just not interested in money and finance, so if their spouse has more interest or expertise in this area it is more appropriate to let them handle it as it will probably be done better.

What is the biggest financial mistake young medical families make when starting out?
Probably one of the biggest is not planning – but then I would say that.
What I mean by this is that once training is complete and you start working and earning there is a real acceleration in income. Having struggled on little money for so long there is a danger of becoming like the starving person who is offered food and eats so much they make themselves sick. There is no doubt that you need to reward yourself and your family for having survived the training process, but if overdone, this can have long term financial implications that can prevent you getting the things you really want. Having a plan provides a framework to assist in making these sorts of decisions, plus provides confidence that making such trade-offs will be rewarded in the longer term.

Why should ADSN members read “Clinical Trials”?
Doctors and their families have invested considerably in a career in medicine and will continue to do so throughout their working life. There are significant professional and financial rewards available to those who do well, but these are not without risk. It is important to invest some time considering these issues, and how you will manage them now and into the future. “Clinical Trials” is a good starting point on this journey. In the words of an anaesthetist who read it:
‘You are absolutely correct in your observation that we spend so much time getting there, that little energy is spent working out an exit strategy…a timely reminder to get our shit together.’

7 with Tiffany Auvinen
September 1, 2015
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tiffheadshotName: Tiffany Auvinen
Hometown: Woodman’s Point, New Brunswick Canada
Occupation: Mompreneur
Family Profile: I met my charismatic hubby 14 years ago while he was in residency and I was studying PR and marketing. Now we have two children and Dr. C is a busy ENT and head and neck cancer surgeon, and we also own www.nexgenhearing.com and you can get a free online hearing test!

What book are you currently reading? Blogs like yours.

What is something that most people are surprised to find out about you? I was on CTV’s Owl TV science show as a child.

Why did you create the Doctor’s Wives Living Online Magazine? I wanted to create an innovative online company while I was busy chasing my babies while also continuously learning and helping women all over the world.

What type of content does the magazine have? You can read advice on how to deal with your Type A partner, how to choose the best real estate, get recipes as well as learn about which resorts are the best for your family. Get rich with wisdom!

Many Australian doctors travel to Canada for Fellowship, what one piece of advice would you give to their spouses? Canadians are very humble and do not boast. Canadians put their families first and value nature and the simple things in life.

What is the best thing about running an online magazine? Being creative and meeting new people every week. I also love that I can do the work if I’m on a family vacation or at the kids’ activities. I love multi-tasking!

Have you been to Australia? 
I have never been to Australia, but I hope to take my family when my children are teens. I’m very happy in my life right now and truly enjoy Disneyland, so I would love to go there every year!

7 tips to help your partner prepare for their next medical job application
June 25, 2015
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If you’re a partner of a healthcare professional, you may have found your highly intelligent, very confident partner rocking in the corner, traumatised by a medical job or college application process. You might have heard cries of:

“Please help me practice for my interview”
“Read my CV”
“What do you think of this application letter?”
Although you may have been less than enthusiastic, you have probably taken some time to help your partner prepare for a medical job interview, or specialist college selection process. It can be a stressful time not just for the candidate but for the entire family unit. Often, success or failure in the process will determine the next career step, a salary bump, or a big move. After years and years of training, there can still be a lot riding on a fifteen minute interview.

When you’re helping someone prepare for the process, any help is generally better than none. That said, from a professional recruitment perspective, there are some ways you can help that are better than others.

1. Be Supportive

If you’re both truly on board with the decision to apply for this job or training program, be supportive of your partner’s need for help, their nerves, and bad moods around interview day. The more supportive you are, the more positive they will come across in the interview.

2. Don’t Give Unqualified Advice

When you’re helping your partner prepare – whether the job they’re applying for is for a General Surgeon, Registered Nurse, or even just a locum position – stick with what you know. Don’t go outside of your scope of knowledge or understanding of the subject matter. For example, if you are practicing an interview with your partner, and it is a very clinically oriented or technical interview (and that is not your profession) ask your partner to write down the ‘ideal’ answer (in dot point) to interview questions so you know how close the answer is to the mark. In terms of feedback, stick to more general stuff.

3. Proof Read

Simply proofreading an application can be a tremendous help. First, look for obvious spelling, syntax, and grammatical errors. Then, review the structure of the application. Finally, read it as an entire document and make sure it flows well. Again, if it is of a highly technical nature, encourage your partner to enlist a colleague in the field to review it too.

4. Find Partners Who Have Been There Before

Chances are that someone else has helped their partner prepare for their application and interview for the physician training program, for General Practitioner training, or whatever the job is. Reach out to people you know to ask for advice, or access an already established group like the Australian Doctors Spouse Network, or a professional medical or healthcare recruitment agency like Beat Medical.

5. Be An Interview Coach

When you’re helping your partner prepare for their medical interview, take the role of coach. To do this, you need to:

Understand the rules of the game – know what the job description and selection criteria are
Know what to look for:
Are they answering the question as asked?
Are they being brief and clear in their answers?
Are they coming across as confident or self-deprecating?
Sufficient eye contact?
Body language- open, closed, defensive?
Are they using the right keywords? Or overusing certain phrases or words?
Any noticeable or annoying mannerisms?
Be a critic – let them know (non-judgementally) what you have observed. Help them work on their weaknesses.
Be a fan – give them lots of positive feedback
The more you can practice with them, the better. To really nail an interview, your partner should practice for a lot of hours. However, avoid scripting interview responses, as seasoned interviewers will see pre-prepared answers from a mile away. Encourage them to have key points to cover in their answers, but to make a natural response every time.

6. Make A Home Video

Set up your smartphone facing your partner when you are running through a practice interview. It will give them some instant evidence (yes, doctors like proof) of the feedback you are giving them, and help them see their improvement as you progress. Keep the videos to compare different responses down the track.

7. Be A Shoulder To Cry On

Not everyone wins, and you’ll be the one they turn to if things don’t go as hoped. Use it as an opportunity to regroup, and reassess whether that path is right for them. If it is, help them by getting started all over again. It’s important for your partner to find out where they could have improved in the process, so you can help them to get ready for the next attempt.

Shaun Hughston: Managing director at Beat Medical – A Medical recruitment agency. 

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7 with Steven Macarounas
June 12, 2015
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SEM Name: Steven Macarounas

Hometown: Sydney + Kalymnos – our ancestral island home in Greece

Occupation: Having completed a Bachelor of Commerce majoring in Marketing I started my working life as a Marketing Manager for a multinational Oil Company. Some years later, in the mid- eighties, I applied for a job as a financial adviser for a medico-specialist financial advisory firm in Sydney. After serving my apprenticeship there, left to set up my own business with a couple of partners in 1992. This business, Fintuition, has now evolved in to a business and financial education and resource centre for medical professionals – I am its course director.
Family Profile: Married to the lovely Michelle for 13 years this September. We have 9 year old twins Manoli and Emanuella

What book are you currently reading?
The Shoes of the Fisherman by Morris West. First published in 1963 (the year of my birth), the book’s been sitting on my bookshelf for years (since I was a teenager) and I finally dusted it off after seeing the movie again (possibly for the 5th time) a couple of weeks ago. The story is pure genius – a Ukrainian Catholic Bishop (newly released from a Russian Gulag) is elected as Pope and in his attempts to avoid a nuclear catastrophy and Chinese famine edges the church towards revolution.

What is something that most people are surprised to find out about you?
Despite an often gregarious façade, I am actually very shy.

How did you come to specialise in medical education?
After over 20 years as a financial adviser to healthcare professionals it was abundantly clear that doctors and their families lifestyles were terribly compromised by their lack of business knowledge. Why is it that when I ask every group of course delegates the question “what is the most often quoted regret of retiring doctors?”, there is a sea of hands up and, a rush by half the room to answer in unison, “not enough time with family! – the problem is a lack of understanding of sound principles in business, financial and lifestyle management – our mission is to turn this around, through education and resources, to give doctors and their families their lives back.

What types of courses does The Private Practice run?
The Private Practice offers courses and workshops designed to prepare trainees, recent fellows, and staff specialists for the challenges involved with establishing and managing a successful medical practice.

Our programs are also designed to provide a forum for the established practitioner and practice principal to review and benchmark current systems, procedures, arrangements and knowledge in all areas of business, financial and lifestyle management, and to provide facilitation and coaching for meaningful, effective change.

What are some of the biggest mistakes young doctors make when venturing into private practice?
How long have we got ?!
Seriously though, younger doctors are starting to understand the importance of training in business and that the models of the past just don’t cut it anymore.
Having said that, most old and new medical practices rely on the disparity between demand for medical services and supply of them for their success. The most common model is working hard because they don’t know how to work smart. They haven’t been taught how to set up and run a business that efficiently and effectively serves its community, whilst simultaneously provides the financial framework for an appropriate lifestyle.
So the biggest mistakes made by young doctors are:
· Not acquiring the education and subsequent knowledge around business and financial management from which to make informed decisions
· Not investing in and building a team of specialist business and financial consultants/advisers from the very start
· Procrastination and lack of planning

Why should a doctor’s spouse be interested and invested in their partner’s business?
Every small business and in particular a medical practice, is a family business, whether the spouse or other family members are working there or not. If the practice is going well and the principals are relaxed with little stress, then this is mirrored in family life. If the practice is chaotic, hectic, constantly putting out fires, poorly organised and dysfunctional, then it’s a fair bet the home and the important relationships in our lives will be the same !!!

Most trainees and new fellows are short on cash and time. Why do you think it’s important to invest in a program like yours?
The most important bit of advice I can provide young doctors starting out is to start with the end in mind !
The decisions you make and operational models you follow at the beginning of your business lives will greatly determine how everything else follows. The wrong decision can be very costly in terms of dollars and time.
Just as you would not attempt to conduct surgery or prescribe treatment plans without thousands of hours of study and practice under your belt, so it should be for setting up and running a business.

Whilst I’m not advocating that doctors become accountants, financiers, lawyers or financial advisers, it is crucial that you know enough about the business and financial world to know what it takes to be successful, to whom to go for advice and the language and understanding to make sense of the options presented and make decisions from an informed perspective.

Smart doctors understand that you need to invest money to make money and invest time to make time.

7 with Julie Newman
May 20, 2015
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JulieNewman2bName:    Julie Newman
Hometown:    Phoenix, Maryland, USA (currently). I’ve actually lived in many places but consider my real hometown Vienna, Virginia, just outside Washington DC)
Occupation: Formerly an accountant, now? CEO/CFO/COO/CTO/HVAC Expert/Plumber/Chauffeur/Chef/Activities Director of my medical family. Oh, and incoming president of the AMA Alliance
Family Profile: Husband, Jack, is a noninvasive cardiologist. Daughter Hannah is teaching English in Seoul, South Korea. Son Matthew is on a pre-med track at the University of North Carolina – Chapel Hill, entering his third year. We have one adorable orange cat, Woody, and will be getting 2 new labradoodle puppies later this summer.

What book are you currently reading? Just finished Jarrettsville, still in the middle of Bringing Up the Bodies and Miss Peregrine’s Home for Peculiar Children. Several on “hold” for our beach holiday in June.

What is something that most people are surprised to find out about you? I don’t like ice cream. Aside from that, I’m pretty average. Completely left-handed, I do very little with my right aside from type and use the calculator.

What is the AMA Alliance? The AMA Alliance is the largest network of physician spouses and their families in the United States!

How did you come to be the President-Elect of the Alliance and what do you hope to accomplish during your tenure? It was a long path, slowly developing my leadership abilities over the years through participation at the local and state levels. I was then offered opportunities to contribute to the National dialogue, which helped to refine my vision of what an organization can do to help support and connect physician families. Our lives are very different from our other “civilian” friends’. No one truly understands except another physician family. During my tenure I hope to continue to focus strategically on those benefits and services we can deliver to physician families. We need to grow our membership; to do that, we need to prove value and remain relevant to today’s spouses, who are busier than ever but still need support, guidance, information, connection.

Many Australian doctors travel to the USA for Fellowship, how can the Alliance help international spouses? If you know you’re coming to the US, join our organization online at www.amaalliance.org. Once you’re a member, we will hopefully be able to help you locate other physician family members in your training area. Even if we don’t have a warm body there, you’ll still have access to all the other resources available on our website. And who knows? Perhaps you’ll be the spark to start something new and sustainable in your neighborhood!

What is the best thing about being involved with the AMA Alliance? I have to say the connections and friendships. Because, honestly, where would we all be without those friends who will listen to you vent about Dr. Control Freak, nod knowingly, and give you the line to say “You know, I am not your scrub nurse/staff”? (Yes, that shuts them down pretty quickly!)

Have you been to Australia? 
I have NOT been to Australia yet despite a pretty full passport and so want to visit! My mother-in-law and her sister traveled there about 10 years ago and remarked they had never met friendlier, sunnier, happier people in all of their journeys. I will go anywhere and see anything, honestly. Even Perth.

Fellowship Spouse Life
April 17, 2015
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Fellowship Spouse Life

We made it.

4 months ago we left beautiful sunny Sydney and moved to Cincinnati, Ohio. My husband started his 18 month ENT pediatric fellowship and my children (7,5,4) jumped into year 2 and preschool.  The craziness of moving is over.  We made it.

I’ve moved a lot in the past 15 years. Too many times to count.  Since marrying my doctor husband 11 years ago  I’ve moved 8 times and had 3 kids along the way.  This move was by far the most difficult, the most stressful.

Some of you have done the fellowship thing, some of you will do it in the future.  All of our circumstances are different but I wanted to take a minute and share some lessons I have learned so far…

Lesson learned: Take a chance. How impossible does it seem to find a house to rent when you live on the other side of the world?  About 6 months out from the move, I joined a Cincinnati Mums Facebook group.  When I found a house online the agent told me I must have a representative see it in person.  I took a chance and posted in the Facebook group asking for someone to look at the house.  I offered to pay them for their time.  A lovely girl responded.  She was home on maternity leave and happy to check out the house.  She took a ton of pics and sent me a long email about the place.  We are now in the house, thrilled with it and she refused to let me pay her!

Lesson learned: Buy the IKEA drill. When moving into an unfurnished home, splurge and get the drill for 9.99$. We bought two.  We also stocked the entire kitchen (dishware, glasses, wine glasses, platters, pots and pans, etc) from a thrift store.  Everything in our lives right now is temporary so we are living with the bare minimum of furnishings.  Some days I really want to buy curtains but have to remind myself that we will be packing up to move in a year and we’ll be flying out with just 2 suitcases each.

Lesson learned: Months 4-6 generally suck. I figured this one out a few years ago. The first few months of a move are exciting, stressful and there’s so much to do you don’t have time for much else.  It’s months 4-6, when things get a little quiet, and you realise you have no friends, and nothing on your schedule. This has always been the most difficult period for me. I think knowing ahead of time that it’s coming does help.  Last week I started feeling a bit miserable so I committed to going somewhere new at least twice a week and chatting with anyone who was open to it.  Striking up conversations at school pick-up, at the park, around the neighbourhood.  Reaching out to anyone I’ve met and scheduling a kids play date, a coffee or even inviting the neighbours around for a drink.  These things are harder than they sound but they do work!

Lesson l’m working on: Enjoy this time, live in the moment.I find myself constantly counting down the months until we head back to Australia and we start our “real life”. But hey, this IS real life. Slow down, explore, experience new things, and create memories. Life is about the journey, not about the destination.
Kenna Jefferson
ADSN Co-Founder

For more from Kenna on the US Fellowship follow her on Twitter AusDrSpouseNtwk #FellowshipLife

What is Wealth Management?
February 23, 2015
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Money means different things to different people and each of us has different goals. While our attitudes may change depending on our age, and stage in life, money is often about possibilities and the choices that are available to us because of it.

Let’s look at an example. Sean and Alexandra are a young, successful couple. Both are medical professionals and they have a family of four children, aged between eight (8) and two (2) years. Alexandra works part time, enabling her to keep up her professionals skills, while also spending more time with the children while they are younger.

Money has enabled them to make decisions about their ideal work/life balance. It allows them, and their children, to experience the world and all it has to offer, rather than focussing on the accumulation of things. It provides them with financial security, and ultimately will allow them to stop work, having provided their children with an exceptional education, and raised them to be independent adults.

Whatever your goals, you need a framework for making wise decisions about your money that will enable you to achieve all that is important to you. A broad range of financial issues calls for a broad, comprehensive outlook. It is for this reason that many successful individuals want help with more than just investments. They want real wealth management—a complete approach to addressing their entire financial lives.

Our clients, which includes doctors and other professionals, tell us that when considering financial matters, they are predominantly concerned with 5 key areas:

1. Making smart investment decisions.
2. Mitigating the impact of taxation.
3. Protecting their assets.
4. Ensuring assets are transferred to the appropriate people and entities at the appropriate time. 5. Philanthropy, or giving back to the community.

Expressed another way, you can look at wealth management as being the end result of a formula that addresses all of these issues:

WM = IC + AP + RM

Investment Consulting (IC), the first component of this formula, can be defined as the astute management of investments over time. The second element, Advanced Planning (AP), relates to concepts such as philanthropy, and the enhancement, transfer, and protection of wealth. The final factor in this equation is Relationship Management (RM). This refers to management of relationships with clients, the advisor’s network of financial professionals, and also the clients’ other professional advisors.

Once you understand your needs, you must then work out how you want them to be addressed. Are you happy to do it all yourself? Would you prefer to co-ordinate various individual specialists? Do you want someone to take care of this for you, allowing you to spend your limited free time on the people and things that you enjoy?

If you decide to work with a specialist advisor be aware that there are those in the financial services industry today that call themselves wealth managers, but offer little more than investment management. How then will you know whether you are dealing with a true wealth manager? Understanding what the advisor is able to offer is essential. A wealth manager should offer a full range of financial services, including the four areas of advanced planning. Their manner, and the language they use, should indicate a desire to work with you on a long-term, consultative basis.

Finally, you want to know exactly who you are dealing with. Is your relationship with an individual or an institution? Who do you have ongoing contact with and how long can you expect to deal with this person. In order to understand your goals, the advisor you entrust with your wealth management must first understand where you are coming from. Talk to the prospective advisor about your own experience and gauge their reaction. Make sure your philosophy and theirs are aligned, both business and investment management. For example, you may own your practice and place a high value on long term, personal relationships. In this case you may feel most comfortable working with a wealth advisor who is similarly structured and whose focus is on working with you over the longer term.

Money can provide us with opportunities and choices throughout every stage of our lives. Making the most of this hard-earned wealth requires forethought, planning and ongoing management. A true wealth manager can help to develop a roadmap that will take you to where you want to go; will simplify the process, and give you confidence that you are in control.

If you would like a second opinion on your finances, feel free to call David Hazlewood of Western Pacific on 02 9959 0510.

Warning: Western Pacific Financial Group Ltd AFSL No 224662 is a wholly owned subsidiary of IOOF Holdings Limited (IOOF). This document contains general advice and/or information prepared without taking into account your investment objectives, financial situation or needs. You should, before taking any action, consider whether any general advice is appropriate having regard to your financial objectives, situation or needs. This document has been prepared in good faith and with reasonable care. Neither IOOF nor any other person make any representation or warranty, express or implied, as to the accuracy, reliability, reasonableness or completeness of the contents of this presentation (including any projections, forecasts, estimates, prospects and returns and any omissions from this document). To the maximum extent permitted by law, IOOF and their respective officers, employees and advisers disclaim and exclude all liability for any loss or damage (whether foreseeable or not foreseeable) suffered or incurred by any person acting on any information (including any projections, forecasts, estimates, prospects and returns) provided in, or omitted from this document. We recommend that you consult with your own legal, tax, business and/or financial advisers in connection with any investment decision.

Western Pacific Financial Group Pty Ltd • ABN 35 050 159 156 • Australian Financial Services Licence No. 224662

Address Level 18, 50 Bridge Street, Sydney, NSW 2000
Email advice@westernpacific.com.au • Website www.westernpacific.com.au

What are the Financial Issues for Doctors?
February 23, 2015
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Does this sound familiar?

Suzanne and Michael are both doctors. She is a specialist working in the hospital system while he runs a busy suburban GP clinic. Both work long, and sometimes unsociable hours. They are raising two young children, but sometimes it seems like they only get to spend any time with them and each other on the weekend – assuming neither of them have to work.

They are both earning good money, paying down their mortgage and their super funds are growing with their contributions.

In many respects they are doing well financially, but they are not feeling comfortable. They don’t have an extravagant lifestyle, but they still seem to spend a lot of what they earn, and they don’t seem to be getting ahead as much as they thought they would – or as they feel they should.

When they have a moment to pause and think about it, they are worried about how far their income needs to stretch. At the most basic level, there is the mortgage that they want to pay off, private school fees to pay for their children and they want to be in a position to stop work at some stage, all the while maintaining their lifestyle.

The biggest issue for them is that they don’t know what is possible and they don’t feel in control. Converting salary and income into a desired lifestyle, while also building wealth is not easy.

Medical professionals face a unique challenge, with up to a decade removed from their earning potential, due to a relatively long period of study and training. With a shorter working life than most professionals, the potential for high earnings is limited to a specific window of time. For female doctors the challenge can be even greater, with the period of education and specialist training coinciding with the optimum time to have children and raise a family. The decision to start a family can either extend the period of training or result in an Olympic level juggling effort just to get through – both of which will have a financial impact.

If your passion is for medicine, does this leave any time for personal wealth management?

Balancing the demands of a professional career with maintaining a family and social life, means finding time to actually sit down and think about your finances can be difficult. What is important to you? What do you want to be able to do? What are your concerns? And how do you develop a comprehensive plan that deals with all of these issues, yet is simple enough for you to actually implement? This is not to say that doctors are not capable of doing such work, it is just that their professional training has helped them deliver medical care rather than navigate the intricacies of the financial system.

Our research indicates that when considering financial matters, doctors and other successful professionals are predominantly concerned with 5 key areas:

  1. Making smart investment decisions.
  2. Mitigating the impact of taxation.
  3. Protecting their assets.
  4. Ensuring assets are transferred to the appropriate people and entities at the appropriate time.
  5. Philanthropy, or giving back to the community.

For time pressed doctors, one of the most important roles a wealth manager can play is providing the space and time for you and your spouse to stop and consider these issues, and to develop a list of priorities. This will clarify what is important for you and your family. They can then develop a plan that will maximize the chances of you achieving these things. Importantly for busy medical families, working with a wealth manager should simplify your life.

Addressing these concerns, and converting potential into wealth requires forethought, planning and ongoing management. All financial advisors provide investment consulting advice. Few provide a complete wealth management service that deals with all of these issues.

If you would like a second opinion on your finances, feel free to call David Hazlewood of Western Pacific on 02 9959 0510.

Western Pacific Financial Group Ltd AFSL No 224662, is a wholly owned subsidiary of SFG Australia Limited ABN 81 006 490 259 (SFG). This document contains general advice and/or information prepared without taking into account your investment objectives, financial situation or needs. You should, before taking any action, consider whether any general advice is appropriate having regard to your financial objectives, situation or needs. This document has been prepared in good faith and with reasonable care. Neither SFG nor any other person make any representation or warranty, express or implied, as to the accuracy, reliability, reasonableness or completeness of the contents of this presentation (including any projections, forecasts, estimates, prospects and returns and any omissions from this document). To

the maximum extent permitted by law, SFG and their respective officers, employees and advisers disclaim and exclude all liability for any loss or damage (whether foreseeable or not foreseeable) suffered or incurred by any person acting on any information (including any projections, forecasts, estimates, prospects and returns) provided in, or omitted from this document. We recommend that you consult with your own legal, tax, business and/or financial advisers in connection with any investment decision

ADSN Branding
February 23, 2015
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logoRecently there have been some visual changes to the Facebook page and website- hopefully you’ve noticed!  Many people have been asking us how and why we got help with our “branding”.  The story is fun, so I thought I’d share it.

Back in May I came across a post on Facebook for a competition to win branding services.  It was put on by Work At Home Mum Branding Network (WAHMBN) and to be honest, I wasn’t entirely sure what branding was.  I did know that businesses, companies, and non-profits pay a lot of money for great branding.  Submitting the entry was easy, I simply described ADSN, why we created it and what we were all about.  I pressed send and promptly forgot about it.  Low and behold I received an email on May 15th saying I’d won a complete Branding Starter Package!  Again, I wasn’t sure what it all meant but we won something!  I texted Amanda the good news.

When Jane Weinert from WAHMBN and I spoke for the first time she explained why branding was so important and exactly what she was going to do for us.  Her portfolio was impressive.  She was professional, articulate and creative.  We spoke on the phone and exchanged emails about ADSN.  Jane wanted to get to the core of what the Australian Doctor’s Spouse Network was all about.  Amanda and I filled out a thought provoking questionnaire that re-energized our vision for the network.  It was exciting.  Jane compiled our information and came up with 3 different logos.  Each design was visually appealing, relevant and creative.  After some debate we settled on the one you see!  And she’s not done yet- Jane is currently putting together ADSN business cards and electronic letterhead for us!

We are so happy with WAHMBN’s work and we know how fortunate we are to have won these services.  Having a professionally designed logo gives ADSN a polished look.  Amanda and I are excited about the future.  Big things are happening at ADSN and we will share them with you when the time is right.  Until then, if you’d like to be involved or you have any comments or suggestions for us please don’t hesitate!

XKenna

If you’d like to contact Jane and her team please find them at WAHMBN

Building Support Networks in A New City
February 23, 2015
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Moving to a new city can be equal parts exciting and daunting. For those in the medical field, moving to a new city usually represents a good professional opportunity. Oftentimes, if there is a trailing spouse and family, they may feel like they’re just along for the ride. However, it doesn’t necessarily have to be this way. There will always be challenges when you uproot yourself from a comfortable, familiar location, but following a few handy tips here will help smooth the transition.

Every relocation story is different, but much of your success will depend on your attitude, as well as your family’s, towards change. Remember that things are never going to go 100% smoothly, and know that no matter what happens, you are going to get one heck of an education – as St. Augustine said, “The world is a book, and those who do not travel read only a page.”

Get involved!

Upon arriving in a new city, the best thing to do is get involved in as many clubs and organizations as you can handle. Although your intuition may be to wade into the proverbial waters of your new location slowly, you can always cut back after you discover where you fit in best. Many people seek out the familiar when they relocate. Searching for a church group of your preferred denomination, or sports club with your favorite activity is a very good start. You’re likely to find supportive kindred spirits with shared interests.

Don’t forget, though, that moving to a new city is also a great opportunity to re-invent yourself. Take up a new hobby that you’ve always wanted to try (or even one you’ve never heard of!). In general, people taking part in more off-the-wall activities tend to be more open, and inclined to embrace new friends. Whether it’s books, motorcycles, skydiving, knitting, running, etc., relocating offers a great chance to pursue a new interest.

School ties

Having school-aged children is a great way to instantly dive in to a new community. Volunteering, fundraising, and guest lecturing are just a few things that you can do. Reach out to your school’s administration to determine what they need, and let them know what you have to offer. For example, what biology teacher wouldn’t love to have a practicing physician visit the classroom to give a presentation?

Even if you don’t have children of your own, any school can always use volunteers. In addition to the magnanimous feeling that can be gained from giving to your new community, it will allow you to gain access to an existing support network, too.

Promise you’ll write (sometimes)

Any time you move locations, you’ll be leaving family, friends, and your old community behind. Thanks to the wonders of modern technology, keeping in touch with people around the world is as simple as pushing a button. You’ll have to resist that urge sometimes.

Instead of ‘Skype-ing’ your old tennis buddy every day, get down to the courts and find a new partner. Reluctance to accept that your old life is gone will just make your transition harder. Sure, keep in touch with old friends. Rely on them in tough times, and be supportive when they need you. However, bear in mind that you may be preventing yourself from opening up to your new community. Challenge yourself to talk to people, even if that might not be your natural inclination. You never know where you’ll find a new friend, and if not – no harm done!

Be humble

It’s only human nature to compare your current situation to your previous one, but be aware of how your comments might sound to your new neighbors. Nobody wants to hear how your hometown has better restaurants, schools, cultural amenities, sports pitches, or anything else (at least not on a regular basis).

If you’re moving from a “higher status” to a “lower status” location, it can be difficult to resist the temptation to make comparisons. Don’t do it! Remember that everything you do in your new situation is a valuable educational experience – and nobody appreciates arrogance or condescension.

Make an attempt to “go local”

It is much easier to join a community of fellow expatriates with similar experiences. All of you will understand what it feels like to be away from home. However, in some cases that might not be possible, and you’ll have to “go local.”

Be aware that in many cases the local community may be reluctant to bond with short termers – having transient friendships may not be appealing to people whose relationships can be measured not just in years, but in generations. Still, it never hurts to try. Bear in mind the advice listed above and find common ground with your new people. When you truly feel that you’re a part of your new community, you will be glad that you did!

Neil Raymond