Why Join the Medical Finance Academy Ltd.
'Let's reach financial independence together!
Cheers to your success!'
At Medical Finance Academy, I provide 1-to-1 in-person tailored coaching service to educate you on everyday financial literacy, introducing you to the world of asset allocation and generational wealth. I am Simon Wong, a Urology registrar & money enthusiast working in the NHS. As an investor and money enthusiast for over 15 years, and a proud father of 2 teenage boys, I have made all the money mistakes one needs to experience in a lifetime. The subsequent corrections after intense studying and reading has completely altered me and my family's path to financial independence. I wish someone could have sat me down and taught me all this 20 years ago! Now I have compacted all my knowledge & experience into a Simple Framework that could be easily adapted by anyone working in the NHS. This is the Path of Least Resistance to fast-track you through your financial journey! Regain your own control of your financial freedom, and ultimately TIME! I will empower you to build a Self-managed Low cost, Low risk and Low stress Investment asset portfolio, accumulating assets through time, making money work for you, whilst you continue to provide your service & skills in the NHS. Topics covered in the Medical Finance Academy coaching: - Educating you on the financial system in the UK - Understanding the financial requirement to reach financial independence/retirement/financial freedom - The importance of, and how to get to your 'F*** You Money' - Debunk any common misconceptions of money management and investing - Highlight many Unspoken Issues with Our NHS Pay and money challenges that everyone will face with a career in the NHS - Teaching the variety of investment assets available for everyday tax-paying working people in UK, and why some assets may be more suitable for wealth building over others. - Learn the difference in Good vs Bad debt - Strategies in debt management - Optimising credit management to Improve Credit Score - Setting up the all-important Emergency Fund - Setting up Zero-based budgeting, putting every penny to work - Understanding and getting comfortable with the stock market. - Education in Fundamentals of stock market investing - How to choose between different savings/investment accounts - Improving tax efficiency whilst optimising returns in the UK banking system. - Understanding and maximising your NHS Pension - Decipher Psychology of Money with establishing good money discipline and habits. - Importance of Avoiding lifestyle inflation and the mathematics behind it, not letting your new money journey justify your high spending - Create an All-weather portfolio with the lowest-possible risk, lowest-possible cost/fees and lowest possible emotional stress to build generational wealth through time to achieve Ultimate Financial Independence
SPECIALTIES
Money Psychology
Analyse your current earning power and efforts you have made to maximise NHS earnings
Saving & Budgeting
Save before you spend! Being aware of your spending habits in order to identify areas where you can maximise your saving potential.
Income management & Tax Rebate
Analyse your current earning power to maximise NHS earnings and explore side hustles to boost your income
Investments & Investment Psychology
Feeling confident in knowing where to invest your money yourself.
Whether that's running your own portfolio or contributing to low cost funds.
Budgeting
Understanding your potential or current running costs to work in our profession. Licence fees (NMC/GMC), exams, conference/courses fees, uniform fees etc.
Security & Pensions
No one expects unforeseen circumstances to happen but if they do, it's great to know that you are covered.
The 'Sleep Well' money
Financial Freedom
How do we get to that goal, whatever form that may be for you!
As J Collins calls it,
The 'F***-You' money.