The 2024 Federal Budget was announced on Tuesday, 14th May. It remains to be seen whether the government can avoid the Budget spending stoking inflation, and any resultant impact on interest rates.

Australia’s insurance regulator, APRA, is set to mandate further regulatory changes that will have a major impact on Doctors seeking income protection cover. So, what does this mean going forward?

Let’s consider the third wealth creation mistake Doctors can make: not remaining disciplined and managing their emotions and its impact on growing and protecting wealth.

In Part 1 we considered the first of the biggest wealth creation mistakes Doctors make: Procrastination. Now let’s consider the second – poor choice of investment strategy.

What are some of the biggest mistakes you should avoid to create wealth, achieve financial security and enable you enjoy your life more? Over a three-part blog series we unpack how to maximise your financial opportunity and grow wealth.