Home » E-News » News

Categories

Accountant Allied Health Annuity Asset Finance Asset Planning Asset Protection Asset Protection Strategies Assets Assets and Risks Ato Bas Binding Death Benefit Nominations Binding Financial Agreement Bonds Brexit Budget Budgeting Business Business Registrations Business Support Business Tax Deduction Business Value Capital Gains Tax Capital Protection Catherine Frost Cgt Checklists Commercial Property Community Corporate Trustee Cryptocurrency Death Benefit Nomination Debt Debtors Deceased Estate Depreciation Director Director Id Divorce Economic Update Economy Emily Kermac Employees Estate Planning Executor Fbt Federal Budget Finance Finances Financial Advice Financial Plan Financial Update Franking Credits Government Grants Gst Home Office Hybrid Unit Trust Individual Ownership Information Session Insolvency Insurance Interest Rates Investment Loan Investment Loans Investment Property Investments Janet Kohan Jobkeeper Jobmaker Joint Ownership Ken Burk Land Tax Lending Market Update Mortgage Broking Mygov Negative Gearing Overseas Gifts Parental Leave Paris Financial Pat Mannix Payg Payg Variation Pension Practice Practice Valuations Private Wealth Property Rebecca Mackie Record Keeping Research & Development Retirement Retirement Planning Retirement Savings Salary Sacrifice Scams Self Managed Superannuation Self Managed Superannuation Fund Self Managed Superannuation Fund Borrowing Shares Small Business Smsf Smsf Borrowing Smsf Self Managed Superannuation Fund Steve Wildes Strategic Business Structuring Structures Succession Plan Superannuation Superannuation Fund Tax Tax Benefits for Super Tax Concession Tax Deduction Tax Losses Tax Offset Tax Planning Tax Savings Temporary Full Expensing Tenants in Common Tfe Training Trust Trusts Will Working from Home

Trained Professionals: Get Pelted With Easy Money

Trained Professionals: Get Pelted With Easy Money

Are you a trained professional looking to go into public practice? Well, I have some advice for you.

This is for accountants, lawyers, doctors, and allied health professionals.

You can get money really easily if you just look in the right spots. Where’s the right spot?

Financiers.

There are some really specialist financiers out there who can get you what you need to get started.

In particular, you should be looking at:

  • Bank of Queensland
  • ANZ Bank
  • Medfin, who are owned by NAB.

If you’re looking to get out there and set up yourself as a professional service business, these banks will literally throw money at you.

No kidding – because you’re a trained professional, they will just give you capital to get you started.

It all started in the late ‘80s and the early ‘90s when a few South African fellows came out and lobbed here in Australia. They decided they could trust trained professionals. They believed the risk of actually losing money to them would be very low. Trained professionals can be trusted because of the professionalism and ethics they’ve learnt over their years of training.

If you’re just a standard business out there and are not a professional, you’ll have to dig up money elsewhere. This will most likely mean accessing equity from your principal place of residence, an investment property, or taking some of Mum and Dad’s money.

But doctors, allied health, accountants, lawyers and the like, you’re the lucky ones.

So go set yourself up with one of these banks.

Oh, and one more thing: get a mortgage broker to make sure they all stay honest.

 

Pat Mannix, Partner, Paris Financial