NHS Doctor on Money Management: 8 Strategies to Build Wealth (50k-100k Salary)

[@RONYBHOWMICK-o4c]

Dear Dr can you kindly make a video explaining about all the different types of insurances , I would definately appreciate your help as you explain in detail and in very clear concise manner, a long time follower of your channel

[@MONEYWISEDOCTOR]

Great idea about an insurance video! Many people struggle to understand different types of insurance. Dr. Suman is fantastic at breaking down complex topics clearly. @SumanPaul, what do you think? Happy to collaborate if that would be helpful! 🤝

[@Siddharthabhowmick-up9ft]

Sure Doctor but I don’t have a lot of experience with creating youtube videos or collaborating 😊

[@SumanPaulDoc]

Sure, that would be a learning experience for me as well.

[@dr.anusree8874]

hi thank u very much for this useful video do we need to get critical illness insurance while living and working in the UK? As we have the NHS .

[@SumanPaulDoc]

Critical illness cover is for income protection during illness. Not the same as in India to pay for treatment.

[@MONEYWISEDOCTOR]

@@SumanPaulDoc Well done! I'd just to add that Critical illness insurance is slightly different from income protection. - Critical illness insurance pays you a lump sum for specific diseases (cancer, stroke, heart attack.) and does not pay for any other illness that stops you from working. - Income protection pays you a monthly benefit if you can't work ( due to any illness). - NHS Pension provides 1) Death in Service Benefits which provides financial support to dependents in case of a Staff's untimely death. 2) Ill Health Retirement which offers protection if a staff becomes unable to work due to illness. I hope that helps Suman, Thanks for your detailed video

[@SumanPaulDoc]

It's best to listen to the explanation from @MONEYWISEDOCTOR. He is the expert

[@MONEYWISEDOCTOR]

@@SumanPaulDoc You are too kind! You have garnered a lot of experience yourself! Sir

[@SamJenkinsStephenson]

Suman, one mistake which everyone makes is post tax income vs pre tax salary. Though our salary is between 5-10k pa, post tax would be much less after ni even more less. So most of us would be middle income.

[@NishantKanitkarMusic]

Can we invest/trade in stocks on a Skilled Worker Visa?

[@SumanPaulDoc]

Yes

[@NishantKanitkarMusic]

@@SumanPaulDoc read somewhere that we can't own any businesses on the skilled worker visa and owning stocks means owning shares of companies which is prohibited. Any links or evidence from the authorities for the same? Thanks

[@SumanPaulDoc]

@@NishantKanitkarMusic www.gov.uk/skilled-worker-visa. This is the rule. It doesn't mention you can't own business.

[@NishantKanitkarMusic]

@@SumanPaulDoc thank you :)

[@govardhans4026]

Hello Dr.Suman Is there any option to do a fellowship in uk after md in India?

[@SumanPaulDoc]

Yes

[@aswinsuresh1435]

Dr Suman can we opt for single CCT instead of Dual, so that 1 year of our training will decrease

[@SumanPaulDoc]

Yes, but needs lot of effort

[@Ardhendu-nq1xe]

Sir please answer this 🙏🙏 Why everyone says there is saturation of FY2 jobs in uk? What is the main problem..please adress

[@SumanPaulDoc]

kzbin.info/www/bejne/l6C1o3icmNNlf8k Discussed here

[@aswinsuresh1435]

Doctor can u do a video on speciality training in UK Vs Ireland Vs Australia vs Canada vs USA

[@SumanPaulDoc]

No idea about any other countries except UK

[@aswinsuresh1435]

Congrats on being a consultant sir🎉.I am an Anesthesiologist in India and have seen an mti post advertised,but they have asked for full gmc registration 😢 (then why is the job an mti job)and secondly can I apply for the mti jobs even if I didn't pass the English exam or what is the deadline for passing the English test for applying to mti program.Pls reply sir

[@SumanPaulDoc]

Your MTI team will be able to advise about the English exam timelines. In medicine MTI, you can't even apply without an English exam.