beyond MD with Dr. Yatin Chadha

Welcome to the journey to financial independence. These are conversations with our colleagues to understand the good decisions, mistakes, & lessons learned along the way.

Today I'm delighted to host Dr. Mark Soth, aka the Loonie Doctor.

Discussion points:

When did Mark start to get interested in finance? (2:15) 

The Loonie Doctor blog (3:22) 

Mark's most popular blog posts (4:30) 

Mark's definition of time freedom (6:50) 

Core decisions leading to a strong financial foundation (10:42)

Less common financial moves that helped Mark (14:36)

How Mark rebalances his investment portfolio (20:03)

Financial mistakes (23:12)

Golden handcuffs in medicine (29:22)

Making money decisions with your spouse (35:42)

What does the Loonie Doctor like to spend on? (42:20)

Mark's ideal life 5-10 years from now (46:10)

Teaching the kids about money (47:42)

The best advice Mark has received (51:00)

Mark's advice to new physicians (52:37)

Mark Soth:

Blog: https://www.looniedoctor.ca/

Money Scope pod: https://open.spotify.com/show/7lc6NYl4ZdLtIg8uzDbuwD

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]a

Amex cobalt: https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCBnmM&XLINK=MYCP

Welcome to hardest and most important thing in investing!

Chapters:

- the panicked investor (00:49)

- let's hibernate (4:29)

- the fidgety investor (6:57)

- 2 patient investors (12:01)

- the 8th wonder of the world (14:36)

- stay invested (16:03)

This episode is brought to you by Clever Consult: https://www.cleverconsult.ai/

Papers & books:

VIX:

https://www.linkedin.com/pulse/opportunity-volatility-analyzing-sp-500-returns-vix-entry-miller-ojtec/

Winning the Loser's Game:

https://www.amazon.ca/Winning-Losers-Game-6th-Strategies/dp/0071813659

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]

Radiology Courses for Clinicians:

https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Amex credit card referral link:

https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

I used AI to generate a financial plan & life roadmap and then I gave this to 2 experts for review. Today I'm thrilled to host Mark McGrath, CFP, and Aravind Sithamparapillai, CFP, on the show.

Mark McGrath is a leading Canadian voice in evidence-based finance & founded his own advice-only practice called Phynance, where he helps physicians with financial planning. He is also co-author of “Wealthier: The Investing Field Guide for Canadian Millennials.”

Aravind Sithamparapillai is a financial planner and founder of AMA wealth. Last year, Aravind earned his CFP® designation with the highest exam score in the country, placing him at the top of the CFP® Exam President’s List. He was also selected for FP Canada’s Emerging Leader’s Award.

Discussion Points:

Part 1 

- introductions (2:24)

- my AI inputs and outputs (5:18)

- Mark & Aravind's initial reflections (9:25)

Part 2 - Limitations (26:17)

- knowing how much one will spend in retirement, stress testing, compensation strategies

Part 3 - Tax efficiency

 - RRSP debates (43:05)

- Individual pension plan (46:01)

- Home equity line of credit/HELOC (51:15)

- Permanent life insurance (58:40)

Part 4 - Top priorities - (1:07:32)

Mark McGrath:

phynance.ca 

https://www.linkedin.com/in/markmcgrathcfp/

Aravind Sithamparapillai:

https://amawealth.ca/

https://www.linkedin.com/in/sithamparapillai/

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]

Radiology Courses for Clinicians:

https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Amex credit card referral link:

https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Today we dive into Self-Storage investments.

My guest is Clint Harris. Clint is a former medical sales professional turned real estate investor and co-host of the podcast, Truly Passive Income. After spending 16 years working alongside physicians and clinical teams, Clint gained firsthand insight into the demanding schedules, pressures, and financial challenges healthcare professionals face. While still working full time in medical sales, Clint began building passive income through real estate investing, ultimately transitioning into large-scale commercial projects. Today, he is a General Partner at Nomad Capital, where he helps develop and operate cash-flowing commercial assets and has helped raise capital for over $150 million in stabilized properties. Clint now focuses on educating busy medical professionals on how to invest passively - allowing them to continue practicing medicine while their money works for them. His approach emphasizes simplicity, diversification, and long-term financial stability without sacrificing time or patient care  

Discussion points:

- Clint's introduction and exposure to storage investing (2:30)

- meeting his partners (10:01)

- Nomad Capital (13:00)

- Mid-long term storage thesis (15:49)

- Optimizing margins in storage (24:43)

- Cost control measures (29:24)

- Occupancy trends in storage (32:56)

- Headwinds & tailwinds (35:21)

- Syndications & the tough questions to ask (38:22)

- Timelines (44:32)

- Closing thoughts (46:11)

Clint Harris:

Website:  https://nomadcapital.us
LinkedIn: www.linkedin.com/in/clint-harris-543265139
YouTube: https://www.youtube.com/channel/UCe0F1abrRXQX2KpSl5qEnoA
Podcast: https://podcasts.apple.com/us/podcast/truly-passive-income/id1693667029

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]

I'm thrilled to interview Mathieu Martin (CFA) to discuss his approach to investing in microcap stocks.

Mathieu is the portfolio manager for the microcap fund at Rivemont.

Discussion points:

- Mathieu's introduction (1:18)

- Lesson's from poker (3:40)

- Why microcaps (5:13)

- Rivemont microcap fund overview (6:32)

- Mathieu's 3 key investing pillars (10:58)

- How to screen for opportunities (14:04)

- Mathieu's research process (16:46)

- Old economy businesses vs software companies (20:26)

- When to sell a losing position (23:45)

- Mathieu's best investment (26:40)

- Unsuccessful investments & lessons (33:01)

- D-Box Technologies, DBO.TO (39:28)

- Zedcor, ZDC.V (46:50)

- Firan Technology Group, FTG.TO (49:50)

- Lotus Creek Exploration, LTC.V (53:48)

- BQE Water, BQE.V (56:09)

- Medicure, MPH.V, (1:01:31)

- Kits eyecare, KITS.TO (1:02:55)

- How to approach investing in microcaps (1:08:20)

- Who should not invest in microcaps? (1:10:00)

- Where you can learn more about Mathieu's fund, blog (1:12:18)

This episode is brought to you by Clever Consult: https://www.cleverconsult.ai/

Mathieu Martin:

[email protected]

https://www.linkedin.com/in/mathieu-martin-cfa-abb9a6b0/

https://stocksandstones.substack.com/

https://rivemont.ca/en/

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter

Website: https://www.beyondmd.ca/

LinkedIn: https://www.linkedin.com/in/yatin-chadha/

Email: [email protected]

I am delighted to re share the most popular episode of all time, featuring international best selling author, Andrew Hallam

We have a wide ranging discussion on the pillars of a successful life, the relationships between money & home ownership & happiness, spending money to enhance life satisfaction, evidence-based investing for success & simplicity, relationships, purpose, & lessons learned living abroad.

Discussion Points/Chapters:
- Andrew's background (1:28)
- The requisites of a balanced & successful life (5:23)
- The relationship between income and happiness (7:18)
- How should we spend our money? (10:28)
- The desert island litmus test (15:43)
- Is home ownership associated with happiness? (17:53)
- Is our happiness impacted by the neighbourhood we live in? (21:47)
- How much of our income should we spend on a home? (24:58)
- Why our investment horizon should be 30+ years (26:58)
- Should you lump sum invest now or wait? (31:18)
- Andrew's take on one stop shop ETFs (37:48)
- My investment approach & challenges (42:18)
- Key questions to as a financial advisor (46:09)
- How to think less about $$ and embrace balance (49:48)
- Why relationships are so important (52:47)
- Meaningful relationships in a world where social media is ubiquitous (54:26)
- Lessons from living abroad, advice for those considering it (58:48)
- The power of giving (1:02:18)
- Finding your purpose (1:04:23)
- My perspectives (1:09:03)

Andrew's books:
https://www.amazon.ca/Balance-Invest-Happiness-Health-Wealth/dp/1774580756

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

https://www.amazon.ca/Millionaire-Expat-Wealth-Living-Overseas/dp/111941189

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter

Website: https://www.beyondmd.ca/

LinkedIn: https://www.linkedin.com/in/yatin-chadha/

Email: [email protected]

Welcome to office hours on beyond MD where I answer the most popular questions I have been receiving.

Question 1: How do I get unstuck and find more joy at work?

Method 1 - shift expectations (0:17)

Method 2 - a dose of perspective (3:08)

Method 3 - find new rabbit holes at work (5:38)

Method 4 - connect work to your life view (9:56)

Method 5 - maintaining our outside interests (13:13)

Question 2: How can one make time for creative work while practicing clinically? (15:25)

The anatomy of an energy audit (17:47)

Question 3: What pushed you do do a fellowship outside of Canada? (22:04)

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter

Website: https://www.beyondmd.ca/

LinkedIn: https://www.linkedin.com/in/yatin-chadha/

Email: [email protected]

Today I welcome Jordant Arndt, a Certified Financial Planner from Saskatoon to talk about the science, happiness, and finance behind charitable giving.

Discussion Points:

Jordan's intro (2:07)

How Jordan's interest in charitable giving developed (4:41)

Making charity part of our financial fabric (6:24)

What are key reasons people want to give? (8:51)

Happiness and giving - the evidence (9:58)

Where to begin with finding a charity? (14:35)

Questions to ask charities (17:07)

Finances behind giving - donation tax credits & deductions (18:51)

Writing off taxable income and carry forward (22:08)

Tax efficient donating from corporation (23:05)

Donor advised funds, set up (26:07)

DAF mechanics (28:38)

Closing thoughts (35:00)

This episode is brought to you by Clever Consult: https://www.cleverconsult.ai/

Papers, talks, resources from this episode:

https://wellbeing.research.mcgill.ca/publications/Aknin-et-al-JPSP2013-prosocial-spending-happiness-with-appendix.pdf

https://www.ted.com/talks/elizabeth_dunn_helping_others_makes_us_happier_but_it_matters_how_we_do_it

DAFs:

https://www.givewise.ca/blog/giving-philanthropy/donor-advised-fund-canada-checklist

https://kciphilanthropy.com/wp-content/uploads/2023/05/DAFs-in-Canada-KCI-CAGP-Report-May-2023-2.pdf

Jordan Arndt:

Linkedin: https://www.linkedin.com/in/jordan-arndt-cfp/

Email: jordan@ennsbaxter

Yatin Chadha:

Newsletter: https://www.beyondmd.ca/newsletter

Website: https://www.beyondmd.ca/

LinkedIn: https://www.linkedin.com/in/yatin-chadha/

Email: [email protected]

Discussion points:

- Assuris history correction (1:00)

- High cash values in early years (2:15)

- Interest on the loan (3:40)

- Life and liquidity (5:32)

- Other considerations (7:25)

- Summary (9:10)

I welcome Donny Mangos - father, entrepreneur, author, and podcaster. Donny shares his perspectives on participating whole life (WL) insurance, with a focus on how to optimize policies and use them while alive.

Discussion points:

Donny's intro (2:35)

Broad perspectives on whole life (WL) insurance (4:55)

When Donny begin to learn about WL (6:55)

Quick overview on WL (9:30)

WL attributes for wealth strategy (12:35)

Other aspects of WL (16:00)

Investments, risk (19:35)

Understanding WL through an illustration (27:44)

Growth rates (37:18)

Good vs bad policies (38:37)

Advisors and commissions (41:44)

Must ask questions (44:29)

"In the money" (45:54)

Liquidity (46:44)

Using a corporate policy personally (53:19)

Multiple buckets (56:52)

Personal vs corporate loans (58:50)

Grey areas (1:00:22)

Who should not do this (1:02:54)

Donny's Links:

Book: https://www.amazon.ca/Get-Wealthed-Up-Build-Mansion/dp/1998528197

Podcast: https://podcasts.apple.com/us/podcast/wealthed-up-with-donny-mangos/id1825202487

Site: https://wealthedup.com/

Email: [email protected]

Yatin's Links:

Newsletter: https://www.beyondmd.ca/newsletter

Website: https://www.beyondmd.ca/

LinkedIn: https://www.linkedin.com/in/yatin-chadha/

Email: [email protected]