beyond MD with Dr. Yatin Chadha

I'm very fortunate to host individuals like Dr. Ketan Kulkarni.

Dr. Kulkarni is an east coast pediatrician specializing in Hematology & Oncology. He wears many hats, having published >>100 papers, is a passionate entrepreneur, keen advocate for financial literacy, & a best-selling author.

His journey is inspiring & filled with valuable life lessons. Ketan talks about how striving for a broader identity has made medicine more enjoyable,  his experience with burnout, why creating internal yardsticks for success & living in line with one's core values is critical, his relationship with money, mental traps he is prone to & more.

I had the chance to read Ketan's best-selling book (published with Dr. Francis Yoo) called the Legendary Quest. This book is highly applicable to all physicians & professionals. It outlines common mental traps & offers solutions for a more fulfilling personal & professional life.

Ketan's book, the Legendary Quest can be found at:

https://www.amazon.ca/Legendary-Quest-Professionals-Excellence-Fulfillment/dp/B09TWPHFFR

Links:

Ketan's website:
https://www.savvyphysician.ca/

My LinkedIn Profile:
https://www.linkedin.com/in/yatin-chadha-29074b109/

My Website:
https://beyondmdpodcast.com/

Paper covering 1937-1938 (financial history):
https://www.nber.org/system/files/working_papers/w17595/w17595.pdf

Elan Weintraub from the Mortgage Outlet is back!

Discussion points:
- mortgage landscape (4:13)
- interest rate thoughts/predictions (7:21)
- variable rate vs adjustable rate mortgages, trigger rates, negative amortization (8:36)
- variable rate mortgage considerations (14:13)
- mortgage approval process today with focus on medical trainees (18:09)
- appraisals/refinancing in today's market (22:28)
- mortgages through Holding Company: rates, Helocs, joint ventures (25:52)
- HELOC - home equity line of credit (28:58)
- intro to commercial mortgages (33:18)
- final thoughts (35:20)

Links:

Elan's email: [email protected]

Mortgage Outlet: https://mortgageoutlet.ca/

Physician Financial Wellness Conference: https://www.eventbrite.ca/e/physicians-financial-wellness-conference-2022-tickets-382280389937

LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

In this interview I sit down with Mark Halpern, CFP, TEP, MFA-P.

Mark is CEO of Wealthinsurance.com & has been assisting professionals and many of Canada's most affluent families for decades with an expertise in insurance solutions and tax strategic philanthropy to enhance wealth and build generational legacies.

Discussion points:
- Mark's background (5:37)
- the reasons people pursue philanthropy (7:36)
- gifting of appreciated public securities (11:23)
- gifting through professional corporation/HoldCo has a triple benefit (15:13)
- who accepts appreciated securities? (17:12)
- gifting of appreciated private shares (18:31)
- RRSPs - tax implications, charitable strategies (21:02)
- CPP philanthropy (23:33)
- Additional insurance strategies (28:03)
- recognized for large gifts through life insurance (32:49)
- charitable receipts (37:19)

Resources/links from Mark:
website: https://wealthinsurance.com/
email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhalperncfptepmfap/

Samples from Mark's Monthly Tax Letter:
https://wealthinsurance.com/webdoc/TaxLetter-Seven-Defensive-Strategies.pdf
https://wealthinsurance.com/webdoc/TaxLetter-Preserve-Your-Wealth.pdf
https://wealthinsurance.com/webdoc/TaxLetter-Accidental-Philanthropy.pdf

List of all Tax Letter Publications:
https://docs.google.com/document/d/1hNhZ7CSeOr2NBNdwZXCs6nL5gsRZb1Eisht_D5JxfeY/edit

This episode is brought to your by taxpay.ca. Taxpay is a safe & user friendly online platform facilitating all of your tax payments (organized by yourself or your accountant). 

You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 month of free access.

Taxpay.ca website: https://taxpay.ca/user/accountant

Screenshots guiding set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

In this episode I interview Gareth Tingling, CFA, MBA, who is a Portfolio Manager at Foster & Associates.

Gareth's investment blog: https://www.wheelhouseresearch.com/

Discussion Points:
- Gareth's very interesting background (2:32)
- intro to buy & sell side analysts (9:53)
- early vs late sell side analysts, why the # of analysts is important (16:02)
- understanding analyst incentives, buy, hold, sell recommendations (24:21)
- key differences between buy & sell side analysts (28:20)
- examples of the buy & sell side (31:39)
- buy side: WALAR & TOMO (34:08)
- introduction to valuation (37:15)
- price to earnings multiples; earnings yield (40:35)
- Apple/AAPL (42:50)
- Equity risk premium, cost of equity, Beta (45:27)
- Trailing vs forward P/E ratios (51:35)
- historal P/E ratios (57:01)
- NVDA & understanding what you're investing in (58:23)

Reach out to me at [email protected]

LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

Instagram: https://www.instagram.com/beyond.md/

In this episode I sit down with Simon Mass, founder & CEO of the Condo Store.

Simon has more than 25 years of experience in real estate investing & is a true leader in the pre-construction space.

Condo store website: https://condostorecanada.com/
Simon's email: [email protected]

Discussion points:
- Simon's experience & journey in real estate (6:12)
- The Condo Store's business model (10:59)
- rising borrowing costs, interest rates (15:10)
- Pre-con basics, GTA corridors, masterplan communities (18:05)
- Selecting a builder, maintenance fees (22:55)
- Deposit structures (26:24)
- macro outlook, supply-demand, development challenges (31:36)
- condos vs single family homes (39:25)
- resale vs pre-con condos (42:54)
- condos are cash flow negative (47:30)

This episode is brought to you by taxpay.ca (30:08). Taxpay is a platform I use where you or your accountant can schedule all of your tax payments (personal tax, payroll remittances, corporate tax payments, GST & HST).  

Taxpay can help you simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.  

You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.

Taxpay.ca website: https://taxpay.ca/user/accountant

Article with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

Welcome to my 3rd solo episode! Today I discuss a topic that is deeply meaningful to me: the Arrival Fallacy.

More importantly, we will talk about overcoming the arrival fallacy and the implications this has for a more successful personal & financial life.

Summary:
- my past and where I went wrong (1:03)
- arrival fallacy definition (7:24)
- the role of dopamine (10:35)
- 5 ways to overcome the arrival fallacy (14:25)
- a tale of 2 doctors (20:51)
- spending on what you value (23:14)

This episode is brought to you by taxpay.ca (12:56). Taxpay is a platform I've been using where you or your accountant can schedule all of your tax payments. This includes personal tax, payroll remittances, corporate tax payments, GST & HST. 

Taxpay can help you to simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.  

You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.

Taxpay website: https://taxpay.ca/user/accountant

Article with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

This is THE episode many have been waiting for - a conversation with the founders of Physician Financial Independence (PFI) on facebook, Paul & Jane Healey.

We cover a broad spectrum of topics including:
- PFI behind the scenes
- how they work as a couple/team
- what they value in life
- the relationship between money and happiness
- talking to kids about money
- financial/investing lessons
- paying off debt vs investing

Thank you Jane & Paul for your unwavering effort in promoting financial literacy in the Canadian physician community!

I host Dr. Michael Warner, Medical Director of critical care at Michael Garron Hospital & President of Advisory MD in one of my favourite conversations to date.

Michael talks about the importance of maintaining passions outside of medicine, how an MBA helped him in medicine & beyond, the rewards & challenges of starting a business, his investment approach, & the most impactful life lessons he's learned.

Advisory MD: https://www.advisorymd.com/

Michael's email: [email protected]

My email: [email protected]

Follow me on LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

In this episode I host Amanda Doucette, TEP.  Amanda is a tax lawyer &  founder of the Tax Chick Podcast and Blog, which are wonderful resources for anyone wanting to learn more about tax and estate planning.

Discussion points:
- when to start estate planning (8;35)
- essential documents (11:12)
- durable vs springing power of attorney (14:05)
- POA: who to choose, including trust companies (16:00)
- summary of wills (18:45)
- what happens if you pass away without a will (21:16)
- what is probate? (23:19)
- pros/cons of joint ownership (28:44)
- beneficiary designations (32:47)
- choosing an executor (36:36)
- executor liability insurance (38:55)
- basic overview of tax considerations (40:39)
- RRSP: what happens (44:42)
- life insurance: what happens (45:39)
- preferential assets? (46:55)
- tips on communicating with your family (49:24)
- DIY estate planning vs getting professional help (51:14)
- questions to ask an estate lawyer (55:31)

Links to Amanda's work

• Tax Chick podcast - https://podcasts.apple.com/ca/podcast/the-tax-chick-podcast/id1525089244
• The Tax Chick Blog - https://taxchickca.wordpress.com;
• Connect with me by email: [email protected]
• LinkedIn: https://www.linkedin.com/in/amandasadoucette   
• Instagram: @tax.chick
• Sign up for my Newsletter, "Musings of a Tax Chick": http://eepurl.com/hNbXcb 

Resources discussed in the episode:

• WillPower: https://www.willpower.ca/
• Public Legal Education Association of Saskatchewan: https://www.plea.org/