I've been investing for 7 years. When the markets get volatile & uncertainty arises, I find it informative & reassuring to sit down with another savvy mind.

Today, I'm thrilled to chat with Paul Healey about questions people have related to investing in today's markets.

This is jam packed with practical insights and valuable lessons Paul has learned since he started investing in 2007.

Discussion Points:

- What are the main questions today? (2:10)

- Strategy - investing regularly vs buying the dips (7:45)

- How can we manage our emotions? (10:05)

- Paul's experience in 2008 (13:00)

- Cash cushions and emergency funds (18:20)

- Lump sum vs. dollar cost averaging? (21:20)

- Multiple ETFs vs. all in one ETFs (23:12)

- Asset allocation over time (25:08)

- The power of time & compounding (25:55)

- Closing thoughts (30:12)

- Investing = time freedom in the future (32:50)

CMPA Council Vote: https://www.cmpa-acpm.ca/en/about/governance/council-elections

Email: [email protected] 

LinkedIn: Yatin Chadha

Money is certainly something, but it's not everything.

Today I review one of the best books I've read on reaching a rich & balanced life:

The 5 Types of Wealth by Sahil Bloom

Chapters:

- Time Wealth (5:35)

- Social Wealth (14:20)

- Mental wealth (21:40)

- Physical Wealth (28:40)

- Financial Wealth (30:25)

CMPA vote: https://www.cmpa-acpm.ca/en/about/governance/council-elections

https://www.the5typesofwealth.com/

https://www.sahilbloom.com/newsletter

Today's interview features best selling author, Robin Taub. Robin's book is The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life

Robin is CPA by training & started her career at KPMG, pivoted into real estate, & then entered the complex world of derivatives marketing at Citibank Canada. Today, she’s a keynote speaker & award-winning author. 

Robin lives in Toronto, where she and her husband have raised two (mostly) money-smart young adults. She loves to snowboard, cycle &go to concerts (she even got backstage once and met Bruce Springsteen).

This episode is full of tips & stories relevant to parents with children of all ages.

Discussion Points:

- Robin's background (3:23)

- how to answer early questions about money (8:10)

- are cash and piggy banks still a good idea? (11:22)

- how parents can teach their kids - anchoring on values (15:40)

- the marshmallow test, delayed gratification, & SMART goals (19:45)

- allowance systems (24:15)

- when to open a bank account for kids (27:35)

- teachable moments (28:35)

- budgeting - a good idea? (32:30)

- what can kids learn from getting a job? (37:25)

- social media & comparison/consumption/birthday parties (42:25)

- how to talk to kids about compound interest (51:10)

Robin Taub:

https://robintaub.com/

https://www.thewisestinvestment.com/

https://awordfromthewise.substack.com/

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

Yatin:

• CMPA voting link: https://www.cmpa-acpm.ca/en/about/governance/council-elections
• Email: [email protected] 
• LinkedIn: Yatin Chadha

Today we revisit pensions with an exploration of the Healthcare of Ontario Pension Plan (HOOPP) for incorporated Ontario physicians.

My guest is Rachel Arbour, who is the Head of Plan Benefits, Design and Policy at HOOPP.  

Discussion points:

- HOOPP overview (2:28)

- What is a defined benefit pension? (4:13)

- How is the defined benefit calculated? (6:23)

- what to know about your best 5 years of earnings (9:35)

- Is there a ceiling to the defined benefit? (10:31)

- who is eligible to take part in HOOPP? (11:43)

- how are contributions calculated? (15:52)

- what about inflation adjustments? (23:13)

- fund investment returns (26:32)

- funded status (28:00)

- HOOPP's maturation over time (29:10)

- are special contributions possible with HOOPP? (31:47)

- pension administrative & investment costs (35:45)

- when can pension benefits begin? (38:15) 

- pulling out from HOOPP (39:38)

- what happens to contributions in years of fluctuating income? (41:40)

- income splitting, spousal benefit options (44:55)

- estate planning (47:09)

- disability benefits (50:07)

This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :)

HOOPP:

https://hoopp.com/join-hoopp/physicians-joining-hoopp

https://hoopp.com/news-and-insights/research-and-analysis/white-papers

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

I'm delighted to welcome back my friend and colleague, Dr. Michael Fralick, MD, PhD.

Mike is a creative spirit and has a knack for finding opportunities to positively impact others through his knowledge & expertise.

He is a clinician scientist, runs the Fralick lab (which covers the intersection of AI & patient care), and last year published his first book & launched his internal medicine review course.

I hope you enjoy this conversation which covers creativity, productivity & time management, and how to use our knowledge to drive impact & find meaning in medicine.

Discussion Points:

- Mike's book --> One Pagers for the Wards (1:40)

- Finding time for creative pursuits & balancing competing demands (7:05)

- Mike's motivation for writing the book (11:15)

- Mike's time management & productivity strategies (15:30)

- Strategies for navigating emails (23:00)

- Things to know if writing a book (27:35)

- Lessons learned from Mike's course - updates in inpatient medicine (31:10)

- Goals for 2025 (39:36)

- The most important lesson Mike has learned (42:48)

- Closing thoughts (43:50)

Medicine pods: https://medicinepods.com/

Michael Fralick:

• https://www.amazon.ca/One-Pagers-Wards-Michael-Figueroa-Fralick/dp/1068806605
• https://fralicklab.com/
• https://www.youtube.com/@Fralickmike
• https://www.linkedin.com/in/michael-fralick-203716231/

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

This is a big one - what happens when we receive a malpractice claim? Medicine is a challenging field with high stakes. We all know colleagues who have been in this situation.

I'm thrilled to welcome Dr. Todd Watkins, associate CEO of the CMPA (Canadian Medical Protective Association) for a 101 on what to do & what to expect if we get sued.

Discussion Points:

Dr. Watkins' intro (2:18)
What is the CMPA (3:05)
How would you hear about a case against you? (6:02)
What information is on a statement of claim (8:02)
Timelines for a valid malpractice claim (10:30)
Knowledge of events vs cause of action (12:30)
What should you do when you get a claim? (16:45)
How the CMPA offers support during this time (19:47)
Are the lawyers internal or external? (21:13)
Can one pick their own lawyer? (21:53)
Who covers all the legal fees? (22:38)
Occurrence based protection & alternatives (23:03)
The key elements of the pre-trial process (25:27)
Expert witnesses (27:11)
Mediation (29:53)
Key data points, what % of cases go to trial (31:39)
What happens behind the scenes at the CMPA (34:37)
Court set up (35:57)
Financial damages - who pays? (37:28)
Appeals (38:40)
Dues (39:32)
Residents/trainees - can they be implicated of malpractice (41:05)
Closing thoughts (43:00)

CMPA: 

https://www.cmpa-acpm.ca/en/home

1-800-267-6522

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Today I welcome back Sasha Cucuz, CEO of Greybrook Securities.

The focus today is to understand the variables impacting the margins (& expected returns) on investments in real estate development.

Discussion points:
- Greybrook's high rise model (2:19)
- understanding the value of land (3:30)
- what variables are controllable? (9:25)
- the outlook for pre-construction condos (15:25)
- how are margins impacted for condo projects? (24:25)
- has the southern Ontario investment thesis changed? (31:15)
- the anatomy of a USA value add project (37:50)
- what areas excite Greybrook in the US? (48:04)
- closing thoughts (53:02)

Greybrook: https://greybrook.com/

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

I've become fascinated with productivity over the last 2 years because it's another tool in our kit to effectively increase the time we have in our lives, so that we can live life on our own terms.

I share my experiences over the years & key learnings from 4 of my favourite productivity books (see below).

Discussion Points:
- why I'm fascinated by productivity (0:40)
- hack #1: set your goals & write them down (1:55)
- hack #2: figure out your next action step (4:18)
- hack #3: plan & structure your day (6:22)
- hack #4: cluster your tasks (9:33)
- hack #5: deep work & avoid task switching (11:21)
- hack #6: tackling technology & optimizing your environment (15:14)
- hack #7: figure out how to capture your ideas (18:14)
- hack #8: create an accountability partner (20:14)
- hack #9: being productive while you rest (21:57)
- hack #10: make it fun (24:04)
- hack #11: embrace the 2 minute rule (25:25)
- the 4 books I cited in this episode (26:28)

This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :)

4 Great Productivity Books:

https://www.feelgoodproductivity.com/

https://www.goodreads.com/book/show/25744928-deep-work

https://www.amazon.ca/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776

https://www.amazon.ca/Getting-Things-Done-Stress-Free-Productivity-dp-0143126563/dp/0143126563/ref=dp_ob_image_bk

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Ways to support the show:

Amex Business Platinum referral:
https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC7UzU&CPID=100560249

Amex Cobalt referral:
https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&CPID=100560249

Hey gang - this is a re-release of one of the most popular episodes ever.

Not out of laziness, but because several listeners have reached out to ask about which credit cards will allow them to elevate their travel game.

There's no better time than the start of the new year to talk travel :)

I interviewed my guest, Ricky Zhang (founder of Prince of Travel), in the summer of 2023. Most of what's discussed here is still very relevant today.

CRITICAL: In the conclusion I summarize key changes you will want to know before you sign up any cards.

Summary:
Ricky's background & the origin of Prince of Travel (5:05)
How does the points system work? (8:27)
Earning points rapidly through credit cards (12:34)
Credit score fundamentals (20:27)
Should we keep our credit cards for the long term? (24:00)
The credit card game isn't for everyone - who should avoid it? (28:14)
Other ways to rack up points at a faster pace (33:00)
The best credit card for Canadians: Amex Cobalt (34:07)
Credit cards for small business owners, why Amex points are so versatile (35:05)
Understanding the RBC Avion point system (38:24)
Redeeming points efficiently, dynamic pricing, ideal booking windows (41:07)
Example of redeeming points - Toronto to Portugal (46:46)
Prince of Travel Concierge services (51:27)
Aeroplan elite status (53:35)
How to get started (55:00)
Rapid fire, including a strong credit card portfolio (56:39)
How many credit cards does Ricky have? (60:18)
Closing thoughts (61:40)
CRITICAL - updates on rewards (62:49)

Credit card links (cards I use & benefit from):

Amex Business Platinum:
https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC7UzU&CPID=100560249

Amex Cobalt:
https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&CPID=100560249

Social media links & email:

Yatin:
[email protected]
https://www.linkedin.com/in/yatin-chadha/

Ricky:
https://princeoftravel.com/
https://www.youtube.com/@PrinceofTravel

Today I welcome Aravind Sithamparapillai (MBA), who is an associate at Ironwood Wealth Management. Aravind is becoming known as a tax ninja - he breaks down complex topics nicely for listeners of all levels.

While the focus of this episode is meant to be CPP (Canada Pension Plan) & its relevance to business owners, we cover a lot of ground that includes salary vs dividends & tax basics.

Discussion Points:
Aravind's background (4:18)
The basics of tax integration (5:00)
Tax integration by province/territory (6:42)
Tax credit & deduction on the employee portion of CPP (9:16)
Employer portion of CPP - tax deductible (14:13)
What is the true cost of CPP? (16:30)
Understanding the dividend gross up & dividend tax credit (22:05)
Income based benefits that can be impacted by the dividend gross up (26:15)
CPP vs investing yourself in the corporation (31:13)
Salary + dividend vs salary only approach (39:10)
What about the IPP (41:35)
Other CPP benefits - disability, children, survivor (43:30)

Post call newsletter: https://postcall.ca/

Aravind:

• https://www.linkedin.com/in/sithamparapillai/
• [email protected]

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Ways to support beyond MD:

• Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP
• https://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&XLINK=MYCP