Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Wing Lim welcomes Galen Nuttall, a Certified Financial Planner specializing in working with medical professionals, to the podcast to discuss the vital role of insurance in financial planning for physicians. Galen explains how insurance protects income, mitigates risks, and serves as a strategic tool for long-term financial security. He emphasizes the importance of understanding different types of insurance, such as life, disability, and critical illness, and how they fit into different career stages. He and Wing highlight the need for physicians to take a proactive approach to financial planning, ensuring they are properly protected while advancing their wealth and tax goals.

Dr. Lim and Galen Nuttall focus on how insurance can be more than just a safety net. They explore how it can also be a powerful tax and investment tool. Galen shares personal anecdotes, including how his perspective on life insurance shifted after witnessing its real-life impact. The conversation touches on common misconceptions, the importance of structuring policies correctly, and how physicians can build a strong financial foundation by integrating insurance into their overall financial plans. 

About Galen Nuttall, M.Ed, CFP: 

Galen is a teacher turned Certified Financial Planner. He lives in Belleville, Ontario with his wife, two children, and crazy dog Taco. He grew up watching his dad (a now-retired nephrologist) struggle to make good decisions around his money. It felt like everyone wanted time with him to pitch the latest and greatest financial product. 

As a CFP who also has a Masters in Education, Galen loves making complex financial concepts simple - usually by using stick figure drawings. He is a partner at the Maxim Advisory Group and works with skilled financial planners with many years of experience. He loves spending his time interviewing fascinating people for his podcast and getting outdoors, whether it be on the backyard rink or going to the beach with his family.

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Resources discussed in this episode:

• Podcast: A Clean Bill of Wealth Podcast with Galen Nuttall, M.Ed, CFP

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Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Galen Nuttall, M.Ed, CFP:

• Website: GalenHelpsDocs.com
• LinkedIn

Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Kevin Mailo welcomes returning guest Jayna Amadasun, MD - ethicist and founder of Ember Impact Global - to the show to discuss Bill 83. Bill 83 is a legislative measure in Quebec that mandates that doctors who receive their training in the province must work in the public healthcare system for five years; if they don’t, they face substantial fines of up to $200,000 per day. Jayna and Kevin critique this policy, calling it coercive and relating it to indentured servitude. They discuss the impacts the bill could have on the healthcare system. 

Dr. Mailo and Dr. Amadasun highlight certain systemic problems in the medical profession, including the exploitation of residents, student debt burdens, and a lack of respect for physicians' contributions. Rather than imposing restrictive measures, they believe policymakers should improve working conditions by collaborating with doctors. Jayna explains why physicians, like other professionals, deserve fair treatment, and ultimately concludes that governments should prioritize physician well-being to ensure quality patient care. The conversation around Bill 83 focuses on the need for physician empowerment, collective advocacy, and a system reform to regain a more sustainable and equitable healthcare system. 

About Jayna Amadasun, MD: 

Jayna Amadasun is a dynamic ethical strategist and consultant who coaches Black medical professionals. With an M.D. from the Dominican Republic, Jayna brings a wealth of experience, having worked as an R.N. in the Bahamas and trained in the U.S. healthcare system. She holds a Master’s in Law and Medical Ethics from the University of Edinburgh and is committed to creating equitable healthcare environments. Her unique perspective, shaped by years in emergency and flight medicine, allows her to address the complex issues facing healthcare systems today.

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Resources discussed in this episode:

• Episode 52: Real Change in Our Healthcare System with Jayna Amadasun, MD, LLM

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Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Jayna Amadasun, MD:

• Website: Ember Impact Global
• LinkedIn: Jayna Amadasun
• Instagram: EmberImpact
• Calendly: Jayna Amadasun

Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Kevin Mailo welcomes Kate Post to the show to discuss her dental practice consultancy firm and how she works with hundreds of Canadian dentists to assist them in optimizing their practices. Kate has 25 years of experience working in dental practices and dental management, and she shares her insights on what it takes to instate systems that improve efficiency and the patient experience. 

Optimizing medical practices is not something that doctors and dentists are given a lot of instruction on but it’s key to creating better patient outcomes and making for a happier, healthier practice overall. Kate details her process for Kevin, explaining how she assesses the practice needs through observation, discussion, and evaluating newly instated processes. Kate touches on revenue streams, tax strategies, employee contracts, delegation, and the human dynamic intrinsic to any successful practice. Kevin explores the challenges Kate faces in coming into practice as an outside voice and how she works with the medical practitioner to inform and support what is ultimately their decision.  

About Kate Post: 

Kate Post is highly skilled at streamlining operations, increasing revenue and reducing costs to maximize business profits. A decisive and strategic leader with demonstrated track records of success in single-owner multiple dental practice environments, Kate has successfully worked in a variety of dental practices throughout Ontario over the past 22 years with over 1500 team members.

Kate has the ability to adapt to the varying needs of entrepreneurs and a variety of business types with previous experience in retail start-ups, the service industry and the dental business. With the compliment of recently completed Project Management courses, she has the skills to work with entrepreneurs in planning out their future goals, guiding teams towards the future and achieving quantifiable results.

Kate Post on LinkedIn

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Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Wing Lim talks with financing expert Gaurav Sobti about the real estate investment financing landscape. They explain the differences between residential and commercial financing, heading into a deeper exploration of the complexities involved in financing the different types of real estate. Wing and Gaurav’s discussion highlights the variety of lenders beyond traditional banks, including credit unions, insurance companies, and non-bank lenders. They also explore the complexities of commercial lending and the role of personal and group guarantees. 

A major topic covered is the CMHC Select program, a government initiative to encourage multifamily housing development through favorable loan terms. The program aims to promote affordability, accessibility, and energy efficiency in housing. Wing and Gaurav talk about how this initiative has significantly impacted the real estate market, making multifamily investing more attractive and accessible. They also examine market volatility, interest rate trends, and the importance of working with knowledgeable professionals in financing. This episode serves as a guide for Canadian investors looking to strategically navigate the real estate lending process.

About Gaurav Sobti, CPA, CA, CFA: 

Gaurav Sobti has 10+ years of financial services experience across real estate, investments, finance and accounting.

Gaurav’s most recent formal role was with a national real estate finance firm where he was responsible for originating and underwriting commercial mortgage transactions with a specialty on CMHC-insured (multi-family) financing. Prior to that, he spent 4+ years at a private investment fund which had a mortgage investment fund. Prior to that, Gaurav worked at Alberta Teacher’s Retirement Fund Board on the private investments team focused on private equity transactions. Gaurav was part of a top-performing team that managed a $3Bn institutional grade portfolio. Gaurav started his career at Deloitte, one of the largest accounting/advisory firms in Canada and worldwide.

By training, Gaurav is a designated CPA, CA and CFA Charter holder. Gaurav is a licensed mortgage associate.

• Gaurav Sobti on LinkedIn
• Create Commercial Mortgage Services

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Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Kevin Mailo welcomes Dr. Susannah Ward to the show to talk about self-acceptance and her work in changing the culture of medicine. Dr. Ward is a fellow with the College of Physicians, a specialist in rehabilitation medicine, and the Founder of Ataraxia Collective which promotes the well-being of doctors. Susannah and Kevin discuss the pressures and demands of medicine and how awareness around taking care of ourselves first should become a priority. 

Dr. Susannah shares some of her stories and reflects on the stress, lack of autonomy, sexism, and constant pressures of her journey through training and work. She points out that doctors face the reality of burnout around the world and it helps to understand they’re not alone. Susannah and Kevin talk about what can be done when someone identifies their burnout: everything from seeing their own GP to avoiding numbing coping mechanisms like alcohol and taking care of personal nutrition and sleep. Susannah and her work shine a spotlight on the importance of identifying our need for self-care, allowing ourselves to be human and prioritizing our own well-being.

About Dr. Susannah Ward:

Dr Susannah Ward qualified as a rehabilitation physician in 2018 with the Basmajian Award for best fellowship clinical exam performance. She has over 15 years of experience working in public and private hospitals across Australia. She has diverse clinical experience including general medical and surgical care, palliative care, geriatrics and rehabilitation. She has rehabilitation experience working in brain injury, spinal cord injury, chronic pain, geriatrics, palliative care, orthopaedic rehabilitation, stroke, amputation and general rehabilitation. She has private clinics at The Wellness Place Blacksmiths. She also offers telehealth appointments and home visits. She has a special interest in acquired brain injury. She has an expert understanding of the behavioural, psychological and social challenges faced by people & the impact of environment, upbringing & social determinants of health.

Dr Ward is passionate about holistic health and lifestyle, behavioural and psychological rehabilitation. She likes to incorporate evidence-based wellness tools like mindfulness, healthy eating, exercise and social/lifestyle prescription into her goal-directed and patient-centred care. She promotes the key message that living with illness or injury need not be a barrier to feeling well or living life to the full. Dr Ward’s therapeutic emphasis is to support a client to self-compassionately accept themselves and acquire self-mastery skills to maximise their functional ability and quality of life. She aims to help empower clients to independently self-care and optimally manage their circumstance using wellness tools and adopting a healthy lifestyle.

Dr Ward has always been an advocate of health professional wellbeing & promoting a more supportive & nurturing medical culture that facilitates wellbeing & sustainable careers. She founded Ataraxia Collective in 2018 as a creative adjunct to her clinical practice hosting retreats & workshops show casing powerful holistic tools like mindfulness & yoga. She currently runs doctor wellbeing & CPD retreats. She is the Chair of the Royal Australasian College of Physicians Member Health & Wellbeing Committee & director for the not for profit charity Mood Active. She enjoys professional writing on topics related to doctor wellbeing & is publishing her first self-care book Mastering Real Wellness this year.

Website: AtaraxiaCollective.com.au

Book: “Mastering Real Wellness” by Dr. Susannah Ward

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Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Wing Lim hosts the first webinar of 2025 with Masterclass faculty member Simon Wong. Wing and Simon discuss legacy donation and tax efficiency. Wing will get Simon’s professional advice on decisions around the specifics of donating to a charity organization, gifting, legacy, and foundations including in-kind and insurance. They talk about the philosophical and philanthropic aspects of charitable donations in addition to the tax benefits.

Simon Wong says that people often don’t spend time planning charitable donations in the ways they plan vacations or research buying a car and that planning donations at the end of the tax year is an important thing to do. Simon explains the federal tax credits and provincial tax credits available, what’s available to physicians in a high marginal tax rate, and lays out numbers to illustrate what’s on offer. Wing asks about donating insurance plans which Simon breaks down for listeners and they also touch on how to set up donor advised funds (DAFs) as well as ensuring donations are made to a qualified charity that ensures the donation gets tax credits. This episode is a good map for starting to plan now for 2025 donations.

About Simon Wong:

As an Integrated Wealth Planner, Simon's expertise lies in simplifying complex financial concepts into clear, actionable insights, forming the cornerstone of his Financial Plans. 

Simon specializes in navigating individuals and businesses through the intricate landscape of tax planning and investing, utilizing his extensive knowledge and experience to foster their financial success and stability.

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Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

PhE is headed to Cancun this February 23 to March 2 for our Health and Wealth Summit! We'd love to have you join: https://www.physempowerment.ca/cancun

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In this episode, Dr. Wing Lim introduces a discussion with Diana Choi, team lead to a group of portfolio managers, about professional investment strategies. Diana Choi explains her investment philosophy; looking at the unpredictability of the future and the importance of focusing on quality businesses. She tells Wing that successful companies are ones that can perform well in various market conditions, thriving in good times and surviving in downturns. Through this approach, refined over 25 years, risk-adjusted returns can be delivered by identifying strong businesses that are resilient to market fluctuations.

Dr. Lim and Diana Choi also explore the idea that investment decisions should not hinge on short-term events or political cycles, such as presidential elections. Quality companies transcend political changes and Diana points to the example of CCL Industries, a label-making firm with strong cash flow and growth potential. This strategy makes robust fundamentals a priority and not trends, fads, or short-term gains. The conversation highlights the disciplined effort that is needed to assess and maintain investments, with a focus on the value of patience, diligence, and durable business models.

Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

PhE is headed to Cancun this February 23 to March 2 for our Health and Wealth Summit! We'd love to have you join: https://www.physempowerment.ca/cancun

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Dr. Kevin Mailo and Dr. Wing Lim welcome Masterclass faculty member Jason Pisesky back to the show to talk about the recent capital gains changes in Canadian tax policy. Jason is a tax expert with KPMG and he breaks down for Wing why the changes sparked widespread concern among professionals, small business owners, and investors. He and Wing examine the actual impacts, where they were felt most, and what the practical implications of the changes are.

The conversation focuses on the government’s decision to increase the capital gains inclusion rate from 50% to two-thirds for amounts exceeding $250,000 annually, meant only to affect the top 0.13% of Canadians.  Jason explains that the policy affects those with significant investments, corporations, and trusts, while individuals have some exemptions. The nine-week notice period left people rushing for solutions, leading to a variety of overreactions, like liquidating assets too early, and responses such as corporate stripping. Jason advises caution against unnecessary asset liquidations that could trigger large, immediate tax bills. Despite the initial panic, Jason reassures listeners that the tax increases are manageable for most with proper planning, emphasizing the importance of consulting experts to avoid unnecessary financial losses.

About Jason Pisesky:

Jason is a tax lawyer with an international accounting firm, KPMG. His practice background is extensive and includes personal and corporate tax planning as well as litigation and dispute resolution. Whether you are scaling up your practice or winding it down, proper coordination between a tax lawyer and your accountant can ensure you're doing it right.

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Jason Pisesky:

• Jason Pisesky at KPMG
• Jason Pisesky on LinkedIn

Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

PhE is headed to Cancun this February 23 to March 2 for our Health and Wealth Summit! We'd love to have you join: https://www.physempowerment.ca/cancun

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Dr. Kevin Mailo introduces another episode in the Medical Entrepreneurship Series. Dr. Wing Lim interviews guests Dr. Adenike (Nike) Olowu and her husband, Daniel Ashaolu, masterclass members and entrepreneurs. Dr. Olowu is a full-time family physician and her husband Daniel manages their growing real estate portfolio. They tell Wing about their journey of coming to Canada, setting up practice, and how they are not just thriving but soaring. 

Dr. Adenike Olowu went to medical school in Nigeria, where she did her residency at University College Hospital before coming to Canada in 2017. She practiced for six years prior to immigrating and she describes the process of getting certified to practice in Canada. By January of 2020 she was practicing here. Daniels explains why they chose Canada and then Alberta, how the move worked for their children, and how they decided to start their real estate investing journey. Wing explores the fascinating process of how the pair dove into entrepreneurship and investing and what steps they took to ensure success.

About Dr. Adenike (Nike) Olowu:

Dr. Ashaolu Adenike Oluwatoyin Mulikat, also known as Dr. Ashaolu [Ash-a-loo], is a family medicine physician working out of the Elk Point Healthcare Centre and the Ayobami Oyebode Medical Clinic. She became the third family physician to practice in town. Dr. Ashaolu comes to Elk Point from Winnipeg. She arrived in Canada in September 2017 after completing her medical training and residency in Nigeria.

With plans to specialize in geriatric medicine, Dr. Ashaolu enjoys cooking and hiking as well as spending time with her husband Daniel Ashaolu and their three children: Joshua, Jemimah and Joy.

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Physician Empowerment: 

• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

PhE is headed to Cancun this February 23 to March 2 for our Health and Wealth Summit! We'd love to have you join: https://www.physempowerment.ca/cancun

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Dr. Kevin Mailo welcomes lifetime Masterclass member Dr. Iuliaa Povieriena as his guest in this episode to talk about mindfulness. This episode is part of a new podcast segment called “You As the Most Important Investment”. Iuliaa introduces mindfulness with the definition of “observing what’s present in the moment without judgment or expectation”. She and Kevin discuss the importance of mindfulness to overall health and emotional wellness.

Dr. Povieriena describes the “most important investment” that mindfulness is and how to approach mindfulness as being a more objective perspective. Instead of saying “I’m angry”, we could say “I’m experiencing anger”. Being mindful of the present moment not only aligns with personal wellness but also improves patient relations. Kevin and Iuliaa explore the practices of mindfulness such as meditation, body scans, and breathing exercises, how a even short mindfulness practice can be extremely helpful, and why investing in mindfulness supports our personal health and improves daily life.

About Dr. Iuliia Povieriena:

Dr. Povieriena is a Hospitalist at Georgetown Hospital and has been a physician since 2020. She is a primary care physician with a strong interest in inpatient care, and palliative and geriatric medicine. Iuliia finds her work very meaningful and enjoys spending time with patients. She also has experience in GP psychotherapy, which she says was one of the best jobs she ever had.

Dr. Povieriena is a firm believer that everyone deserves an equal opportunity to pursue their passion in medicine and would like to express gratitude to all women who have paved the path for the female physicians of today.

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Resources discussed in this episode:

• Mindfulness Meditation 3 Minute Breathing Space
• Insight Timer app
• Tara Brach
• “The Mind Illuminated: A Complete Meditation Guide Integrating Buddhist Wisdom and Brain Science for Greater Mindfulness” by John Yates PhD, Matthew Immergut PhD, and Jeremy Graves
• “Attending: Medicine, Mindfulness, and Humanity” by Ronald Epstein, MD

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Dr. Iuliia Povieriena:

• Iuliia Povieriena, MD on LinkedIn
• Calming Chamomile on YouTube

Physician Empowerment: 

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca