How is my Financial Health, Doc?

By Vu Kiet Tran

Business Investing Medicine

What's How is my Financial Health, Doc? about?

A show where questions on personal finance from Healthcare Professionals are never a taboo.

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How is my Financial Health, Doc? episodes:

04.27.2024
The Options market: an awareness-building episode for most of us.
Some of us have learned how to trade in the market. However, many of us have never heard of the Options market. What is it? What does it do? This awareness building episode on Options is just the place to...
04.18.2024
What is a Specified Multi-Employer Pension Plan (SMEP)? Should I know this?
In 2024, there are multiple options for pensions for Canadian physicians. In fact, there may be too many to chose from. Nonetheless, physician should want a pension plan. The issue is understanding all of them. In this episode, we will...
01.26.2024
You don't think you need it until you actually need it: Disability Insurance (DI)
Disability Insurance (DI) is one of those things in life that you do not think you need it until you really need it. And by then, you wished you had it. We will dive deep into the topic of DI...
12.26.2023
Real-estate investing that can be aligned with the lifestyle of a busy healthcare professional: Pre-construction real-estate investing
With my real-estate agent and friend, Vy Ngo, we discuss the inner workings of investing in pre-construction real-estate. To leave me with feedback or comments, please email me at [email protected] To learn more about the conference... The Code Green Financial Literacy Conference. Feb 2nd,...
12.24.2023
Promotional content: Code Green Financial Literacy Conference
Dr. Roger Sen, Dr. Michael Long, and myself created a financial literacy conference for physicians and dentists. The Code Green Financial Literacy Conference. Feb 2nd, 2024. Novotel Hotel, North York, Ontario Designed by physicians, for physicians. Early bird special until Dec 31st, 2023. Visit us at...
12.18.2023
Top 10 financial mistakes made by physicians in late-stage career - Part 2
We did episodes on "Top 10 financial mistakes" made by physicians in early and mid-stage career. Late-stage physicians need not feel left out. Here is an episode for the late-stage career physicians. It is important to recognize that most of...
12.04.2023
Top 10 financial mistakes made by physicians in late-stage career - Part 1
We did episodes on "Top 10 financial mistakes" made by physicians in early and mid-stage career. Late-stage physicians need not feel left out. Here is an episode for the late-stage career physicians. It is important to recognize that most of...
12.03.2023
Code Green Financial Literacy Conference for physicians
This is an advertisement for a financial literacy conference Dr. Sen, Dr. Long, and myself have created for physicians. This conference was designed by physicians for physicians, discussing person finance topics geared for physicians. Hope to see you there! The early...
11.13.2023
The new Canadian physician Multi-Employer Pension Plan (MEPP): What is really underneath the hood?
Canadian physicians have recently been heavily promoted on a new Multi-Employer Pension Plan (MEPP). What is this new MEPP? How is it structured? How do physicians fund it? What are the benefits? What are the drawbacks? Let's look beyond the sales and marketing information. Let's...
11.05.2023
Top 10 financial mistakes made by mid-career physicians
Physicians and almost all providers in healthcare have very poor financial literacy. It is very common for us to make financial mistakes. The sad news is that most of us are not even aware of them. As we progress in...
10.15.2023
Financial mistakes you did not even know you made - Where are your financial blind spots?
As physicians, we make a lot of financial mistakes. Some of us are aware, but most of us are not aware we are making them. This is because we have blinders on. We are lead astray by our cognitive traps....
09.16.2023
What was appropriate prior to 2014 is no longer applicable in 2023: Dividend only strategy
Many of our colleagues have been instructed by accountants to use a "Dividends Only" strategy to take money into the personal hands. This strategy may be valid for some, but not for most (at least not after 2014). Unfortunately, despite...
09.03.2023
Things you should know about retail banking - Confessions of an Ex-banker (Part 2)
Many of us use banks. But most of us don't understand the banking industry. I surely don't understand fully the industry myself. That is why we have a guest on today to explain the underbelly of the banking industry and...
09.01.2023
Special Edition 5: What is the Canadian Physicians’ Pension Plan (Question from accountants)?
We all Canadian physicians have been yearning for a pension plan for the profession for approximately 120 years. No one has taken the time or given the effort to create one for us. That time has come. I, the co-founder...
08.26.2023
Things you should know about retail banking - Confessions of an Ex-banker (Part 1)
Many of us use banks. But most of us don't understand the banking industry. I surely don't understand fully the industry myself. That is why we have a guest on today to explain the underbelly of the banking industry and...
08.13.2023
Financial teaching points for foreign trained physicians (and many others)!
This is an episode I recorded with my good friend Saad Nadeem, a CFP who helps foreign trained physicians in Canada. The concepts we talked about are not just for foreign trained physicians. Many of my colleagues trained in Canada...
07.28.2023
Seven Money Mindsets: which one(s) you have will determine your financial security and wealth
There are 7 Money Mindsets. Do you know which one(s) you subscribe to the most often? Which one you adopt in times of stress or major money/investment decisions? "Know Thy Self" is crucial to your financial success. For feedback or comments,...
07.15.2023
Roger’s story about Suitability vs Best Interest
I had the pleasure to have on my show Roger who shared with me his financial literacy journey and how he came to understand Suitability vs Best Interest Standard. Please email me if you have any comments or feedback at [email protected]
07.02.2023
Special Edition 4: What is the Canadian Physicians’ Pension Plan (Question from physicians) - Part 2
We all Canadian physicians have been yearning for a pension plan for the profession for approximately 120 years. No one has taken the time or given the effort to create one for us. That time has come. I, the co-founder...
07.02.2023
Special Edition 3: What is the Canadian Physicians’ Pension Plan (Question from physicians) - Part 1
We all Canadian physicians have been yearning for a pension plan for the profession for approximately 120 years. No one has taken the time or given the effort to create one for us. That time has come. I, the co-founder...
07.02.2023
Special Edition 2: The Canadian Physicians’ Pension Plan (CPPP) - Part 2: a pension plan truly designed for the physician in mind
We all Canadian physicians have been yearning for a pension plan for the profession for ages. No one has taken the time or given the effort to create one for us Canadian physicians. That time has come. I, the co-founder...
07.02.2023
Special Edition 1: The Canadian Physicians’ Pension Plan (CPPP) Part 1: a pension plan truly designed for the physician in mind
We, all Canadian physicians, have been yearning for a pension plan for the profession for ages. No one has taken the time or given the effort to create one for us Canadian physicians. 98% of us are in RRSP, a vehicle...
07.01.2023
Lack of financial education among healthcare professionals - ”I wish I knew” (Part 2)
Healthcare professionals are very good at what they do, but are very bad at personal finance. We go through our professional and private lives without knowing these major financial concepts. This lack of knowledge is severely detrimental to our financial...
06.17.2023
Lack of financial education among healthcare professionals - ”I wish I knew” (Part 1)
Healthcare professionals are very good at what they do, but are very bad at personal finance. We go through our professional and private lives without knowing these major financial concepts. This lack of knowledge is severely detrimental to our financial...
06.03.2023
There are many ways to invest in real-estate for the HCP. Is BTRSFR right for you?
Many of us look to include real-estate in our investment portfolio. There active ways to invest in real-estate. There are more passive ways. Investing with a Limited Partner (LP) may be right for you. How much do you understand of...
04.23.2023
Financial Anonymous: are you really good?
"I am good" is what I often hear from colleagues who either do not want to deal, do not want to be bothered, do not feel confident, or feel embarrassed about their own personal finances. Many are heading towards a...
04.16.2023
How and why your incorporated medical professional business can quickly lose its small business tax allowance?
We have been told by our accountants to take as little salary as possible and leave the rest of the corporate income in the corporation as retain earnings. Then we were told to invest these retain earnings in a non-registered...
04.08.2023
Are you aware of Real-estate development investing through a Limited Partnership?
As I mentioned several times, people in the healthcare industry loves to invest in real-estate. In fact, who doesn't? While most are familiar with buying a primary residence, many are still learning about alternative ways to invest in real-estate. Have...
03.18.2023
When it comes to your financial health, are you dealing with a ”bike salesman” or a ”personal trainer”? Are you getting ”suitable” or ”best interest” advice?
I hear this very commonly from my peers: "I will discuss this with my advisor/accountant". I know for a fact that most of my colleagues who say this have never questioned whether their advisor/accountant has the knowledge or expertise to...
03.05.2023
What is pre-construction real-estate?
Purchasing real estate is still a wonderful investment strategy. However, it is big decision and often an even bigger financial commitment. Thankfully, pre-construction condominiums are an accessible way for investors to get into the physical real estate market. They can...
02.26.2023
What is debt and how to USE it to build wealth? (Part 2)
We are brought up to hate debt and to pay-off every single dollar as fast as we can so we do not have debt. That is the common teaching. But using debt is different from having debt. We are not...
02.19.2023
What is debt and how to USE it to build wealth? (Part 1)
We are brought up to hate debt and to pay-off every single dollar as fast as we can so we do not have debt. That is the common teaching. But using debt is different from having debt. We are not...
02.09.2023
What is Participating life insurance? Let’s take a deep dive into the question with an insider.
There is great debate going on in the wider financial community about life insurance. There is really 2 schools of thought out there: only buy Term insurance and invest the difference (BTID) vs Whole life insurance. There are indications (medical...
01.28.2023
Physicians are not just physicians. We can be so much more - a chat with Dr. Thanasi Tsiodras
Many physicians feel they are trapped. I know many of these physicians. They cannot do anything else other than medicine (and their own specialty). The reality is that physicians have acquired throughout their studies many skills that are transferrable to...
01.24.2023
What is Arm’s length lending with your RRSP?
Physicians know much about investing (in the Market). Many are not aware about Arm's length private lending. What is this and what does it eat in the winter? We are going to bring this to your awareness today. Enjoy the...
01.13.2023
How to get started in real-estate investing for healthcare professionals
I hear a lot of my colleagues talk about real-estate investing and earning passive income via real-estate. Many have talked about it. Very fews have actually done it. Maybe because of lack of knowledge. Maybe because of fear. Maybe just...
01.06.2023
Occupational therapist gone entrepreneur! Passion beyond clinical work.
Many of us secretly dream of a non-clinical job or career. We struggle to figure out what that would look like but, more importantly, how to get there. As we face more burnout in our industry, it becomes an imperative...
12.23.2022
It’s not sexy, but it is important - Financial Planning for SECURITY!
Everyone loves to talk about investment and stocks. We love to talk about the latest and shiniest coin on the block. But it is really not as important as considering the entire financial plan. Focusing mainly on investments as your...
12.04.2022
Build financial security, independence, and wealth with the Wealth Creator
Many think life insurance is only for the estate after our passing (journey to the clouds). That is a very limited and scarcity mindset view of what life insurance can do. Those who truly understand life insurance know many other...
11.06.2022
Value should be your focus, not just cost!
We, in healthcare, are no different than everyone else when it comes to evaluating a product or service. Everyone, even people whose expertise is financial products and strategies, fall in the same trap. That is basing their assessment mainly focused...
10.30.2022
How we view money determines how successful financially and how happy we will be.
I am certain you have many views about money. Are those views yours? or have they been implanted into your consciousness by your parents, your in-laws, or your neighbours? How you understand and view money determines how successful financially you...
10.16.2022
The Enhanced Smith Maneuver: invest in your own corporation, build a corporate pension plan, and pay down your mortgage faster!
Ice cream is amazing on its own. Soda is also very tasty. The combination of ice cream with soda in an ice cream float is even more amazing! Well, here, we will discuss another amazing combination. What is the Enhanced Smith...
10.09.2022
A frank conversation with a ”strategic accountant” - what does one look like?
Are you engaged with a strategic accountant? In addition to filing your taxes, does your accountant educate and engage you in a discussion about financial planning for the future? As healthcare professionals, we rely on the expertise of others to...
10.01.2022
Are you using the ”suitability” standard or the ”best interest” standard when you are advising me? Part 2 - An Editorial
My personal take on the question of "suitability" vs "best interest" in regards to financial advice from advisors and accountants. If would like to leave any comments or suggestions for future episodes, please email me at [email protected]
09.26.2022
Are you using the ”suitability” standard or the ”best interest” standard when you are advising me? Part 1
Only a few of us have really spent time and energy thinking about the question regarding conflict of interest when it pertains to financial advisors. Some of us have recommended fee-only financial advisory services. But that really does not answer...
09.14.2022
Buy term insurance and invest the rest! Is that the perfect strategy for everyone?
There is an age-old debate between two camps: "Buy term and invest the rest" vs the Whole Life insurance. Many financial gurus and social media financial contributors who favor "Buy term and invest the rest". But what does it mean?...
08.22.2022
Confession of a podcast host - Vu Kiet Tran
I had a great interview with Galen Nuttall, a CFP and a podcaster. Hear my deepest thoughts about how we, as a community, are doing financially on a personal level. If would like to leave any comments or suggestions for...
08.15.2022
How does divorce impact your financial security?
No one gets married with the expectation of having a divorce. But life happens. A divorce is devastating on so many levels. One of them is financial (for all parties involved). We will discuss this briefly with my good friend...
08.07.2022
Capital Dividend Account (CDA) - The biggest unkown planning opportunity for corporations
I have heard of the CDA account many times. It did not register with me until the third time. Then, it hit me like a ton of bricks. Do you know about it? Do you understand it? It is a...
07.30.2022
Confession of a Certified Financial Planner (part2): interview with Galen Nuttal
As busy healthcare professionals, we are very good at caring, treating, and healing others. However, how good are we are managing our own personal finances and planning for financial security? It is really a rhetorical question. We really are not....

What's How is my Financial Health, Doc? about?

Download our free app to listen on your phone

How is my Financial Health, Doc? episodes:

The Options market: an awareness-building episode for most of us.

What is a Specified Multi-Employer Pension Plan (SMEP)? Should I know this?

You don't think you need it until you actually need it: Disability Insurance (DI)

Real-estate investing that can be aligned with the lifestyle of a busy healthcare professional: Pre-construction real-estate investing

Promotional content: Code Green Financial Literacy Conference

Top 10 financial mistakes made by physicians in late-stage career - Part 2

Top 10 financial mistakes made by physicians in late-stage career - Part 1

Code Green Financial Literacy Conference for physicians

The new Canadian physician Multi-Employer Pension Plan (MEPP): What is really underneath the hood?

Top 10 financial mistakes made by mid-career physicians

Financial mistakes you did not even know you made - Where are your financial blind spots?

What was appropriate prior to 2014 is no longer applicable in 2023: Dividend only strategy

Things you should know about retail banking - Confessions of an Ex-banker (Part 2)

Special Edition 5: What is the Canadian Physicians’ Pension Plan (Question from accountants)?

Things you should know about retail banking - Confessions of an Ex-banker (Part 1)

Financial teaching points for foreign trained physicians (and many others)!

Seven Money Mindsets: which one(s) you have will determine your financial security and wealth

Roger’s story about Suitability vs Best Interest

Special Edition 4: What is the Canadian Physicians’ Pension Plan (Question from physicians) - Part 2

Special Edition 3: What is the Canadian Physicians’ Pension Plan (Question from physicians) - Part 1

Special Edition 2: The Canadian Physicians’ Pension Plan (CPPP) - Part 2: a pension plan truly designed for the physician in mind

Special Edition 1: The Canadian Physicians’ Pension Plan (CPPP) Part 1: a pension plan truly designed for the physician in mind

Lack of financial education among healthcare professionals - ”I wish I knew” (Part 2)

Lack of financial education among healthcare professionals - ”I wish I knew” (Part 1)

There are many ways to invest in real-estate for the HCP. Is BTRSFR right for you?

Financial Anonymous: are you really good?

How and why your incorporated medical professional business can quickly lose its small business tax allowance?

Are you aware of Real-estate development investing through a Limited Partnership?

When it comes to your financial health, are you dealing with a ”bike salesman” or a ”personal trainer”? Are you getting ”suitable” or ”best interest” advice?

What is pre-construction real-estate?

What is debt and how to USE it to build wealth? (Part 2)

What is debt and how to USE it to build wealth? (Part 1)

What is Participating life insurance? Let’s take a deep dive into the question with an insider.

Physicians are not just physicians. We can be so much more - a chat with Dr. Thanasi Tsiodras

What is Arm’s length lending with your RRSP?

How to get started in real-estate investing for healthcare professionals

Occupational therapist gone entrepreneur! Passion beyond clinical work.

It’s not sexy, but it is important - Financial Planning for SECURITY!

Build financial security, independence, and wealth with the Wealth Creator

Value should be your focus, not just cost!

How we view money determines how successful financially and how happy we will be.

The Enhanced Smith Maneuver: invest in your own corporation, build a corporate pension plan, and pay down your mortgage faster!

A frank conversation with a ”strategic accountant” - what does one look like?

Are you using the ”suitability” standard or the ”best interest” standard when you are advising me? Part 2 - An Editorial

Are you using the ”suitability” standard or the ”best interest” standard when you are advising me? Part 1

Buy term insurance and invest the rest! Is that the perfect strategy for everyone?

Confession of a podcast host - Vu Kiet Tran

How does divorce impact your financial security?

Capital Dividend Account (CDA) - The biggest unkown planning opportunity for corporations

Confession of a Certified Financial Planner (part2): interview with Galen Nuttal

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