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On this episode
Do you fully understand your payslips, taxes, or how to manage what you earn? For healthcare professionals especially, money worries can pile onto an already stressful job, affecting our wellbeing and productivity.
In this episode, Dr Tommy Perkins from Medics Money shares practical advice to help us feel more secure about money – no finance degree needed.
It begins with calculating your net worth, creating a budget, and paying off bad debts, and continues over time with wealth-building through saving and investing.
It’s easy to bury our head in the sands when it comes to money, but that stress can lead to anxiety which can affect our job. Financial worries often hold us back from making important decisions. But taking a small action today – just by calculating your net worth – can help you start to feel more in control of your money and your future.
Show links
Learn more about the Medics Money Financial Wellbeing Course
*Please note that the You Are Not a Frog podcast is a Medics Money affiliate and will earn a small commission from any sales completed through the above link.
More episodes of You Are Not a Frog:
- How to Stop Your Finances Controlling Your Career – Episode 142, with Dr Tommy Perkins
- How Money Holds Us Back – Episode 213, with Agnes Otzelberger
- How to Change Your Life One Tiny Step at a Time – Episode 248, With Dr Hussain Al-Zubaidi
About the guests
Reasons to listen
- For practical steps on budgeting and reducing debt
- To understand why financial stress impacts mental health, productivity, and decision-making
- To get actionable advice on creating a net worth calculation and prioritising spending to align with personal values and long-term goals
Episode highlights
What is financial wellbeing?
How Medics Money began
Start with your net worth
How to make more money
Pay yourself first
Investing your money yourself
What big-ticket items can you eliminate?
Don’t put off getting your finances in order
Episode transcript
[00:00:00] Rachel: When was the last time that you took a good hard look at your finances? Now, I’m not asking this to guilt or shame you, but actually to see if we could take money off our stress list. As doctors, we really aren’t taught about managing our finances or what things like national insurance contributions are, let alone how we can look after our finances wisely. [00:00:21] Rachel: In this episode, I’m joined once again by Dr. Tommy Perkins, co-host of the Medics Money podcast, and this week we are talking about how you can understand what you…
