Prescribing Prosperity

When you’ve spent years building your retirement savings as a physician, medical professional, or business owner, watching your investment portfolio drop can feel unsettling. But does a decline from your portfolio’s highest value mean you’ve actually lost money? Understanding the difference between temporary market volatility and permanent investment loss can help you make more informed decisions when markets become unpredictable.

In this episode of Prescribing Prosperity, hosts John and Alex Soutsos unpack what it means to stay rational during periods of market turbulence. With a weaker-than-expected global jobs report, rising yields, and persistent inflation headlines all fueling investor anxiety, the conversation cuts through the noise to offer a grounded perspective.

John and Alex explore these challenges and share practical insights to help investors navigate market volatility:

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Why can an economy grow on paper while households and businesses still feel worse off? The answer may come down to productivity, wages, housing, energy, and how much the country still produces for itself.

In this episode, John and Alex Soutsos discuss globalization, Canada-US trade, and the future of North American production with Mike Steger, co-founder of Promethean Action and host of Promethean Overviews. They examine why Canada’s GDP can rise even as productivity and living standards fall, how tariffs and the USMCA could affect Canadian businesses, and why COVID exposed North America’s dependence on foreign manufacturing and supply chains.

The conversation also explores rising national debt, economic sovereignty, nuclear power for AI data centers, and whether the US dollar will remain the principal reserve currency. For Canadian physicians, medical professionals, business owners, and investors, it offers a closer look at the economic forces that could influence costs, purchasing power, business conditions, and long-term financial planning.

John, Alex, and Mike discuss:

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About Our Guest:

Mike Steger is the co-founder of Promethean Action and host of Promethean Overviews. He has an academic background in economics and has spent years studying political systems, physical economics, manufacturing, energy, technology, and global trade. Through Promethean Action, Mike works to make large political and economic questions easier for the public to understand.

Is globalization ending, and what could reshoring manufacturing mean for physicians, business owners, and investors? How could shorter supply chains affect business costs, economic growth, and investment markets?

In this episode, John and Alex Soutsos discuss globalization with Mike Steger, co-founder of Promethean Action. They examine why manufacturing moved overseas, what supply chain disruptions revealed, and whether advanced production can return to North America. They explore how robotics, artificial intelligence, base load energy, intellectual property, China’s industrial growth, and the post-Bretton Woods trading system could affect corporate earnings, business planning, and investors. This first part looks at how the system developed and sets up what comes next.

John, Alex, and Mike discuss:

Listen to Part 1 to learn why manufacturing moved overseas, what reshoring could mean for businesses and investors, and which economic questions will carry into Part 2. Follow Prescribing Prosperity so you don’t miss the rest of the conversation.

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Connect with Mike Steger:

About Our Guest:

Mike Steger is the co-founder of Promethean Action and host of Promethean Overviews. He has an academic background in economics and has spent years studying political systems, physical economics, manufacturing, energy, technology, and global trade. Through Promethean Action, Mike works to make large political and economic questions easier for the public to understand.

If you’re a Canadian physician, business owner, or high-income professional approaching retirement, is a RRIF meltdown strategy worth the added investment risk? 

In this episode, John and Alex Soutsos explain how a RRIF meltdown strategy works and examine whether the potential tax savings justify the borrowing costs and investment risks involved. For physicians, business owners, and other Canadians approaching retirement, they consider whether reducing taxes supports the flexibility, financial independence, and retirement lifestyle they actually want.

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You’ve spent decades building a career and preparing financially for retirement. 

But what happens when you’ve reached your number and still aren’t sure you’re ready to walk away?

In this episode of Prescribing Prosperity, John and Alex Soutsos explore the retirement challenges that extend far beyond investment balances and withdrawal strategies. They discuss why retirement is as much a psychological transition as a financial one, examining the loss of purpose, identity, routine, and relationships that many professionals experience after leaving their careers. 

They also explain why longevity, inflation, portfolio design, and thoughtful planning all play important roles in creating the freedom to enjoy retirement on your own terms instead of simply leaving the workforce.

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Should you pay off your mortgage or start investing? How much house can a young physician really afford? Should doctors invest through their corporation or personally? These are some of the biggest financial questions early-career physicians, dentists, and incorporated professionals face. The decisions you make in your 30s can shape your ability to build wealth, achieve financial independence, and create more choices later in life.

In this episode, John and Alex Soutsos discuss the financial priorities they believe every young physician, dentist, and incorporated professional should consider around age 35. They explain how to balance buying a home with investing, why not all debt is created equal, when paying down your mortgage may not be the best use of your cash flow, how corporate investing compares with personal investing, and why insurance, asset allocation, and working with a financial advisor early can help support a stronger long-term financial plan.

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Why do successful professionals still make costly financial mistakes?

It’s rarely because they don’t work hard or earn enough. More often, it’s because common beliefs about money, investing, and retirement quietly shape decisions that can limit long-term financial independence.

In this episode, John and Alex Soutsos continue their discussion on the most common investing mistakes, exploring how emotions, behavioral biases, and conventional thinking can lead investors off course. From believing your home is your best investment to chasing headlines, avoiding estate planning, or confusing retirement with financial independence, they explain why disciplined investing and a clear financial plan are essential to building lasting wealth.

If you’re a physician, business owner, or other high-income professional looking to make smarter financial decisions and avoid costly mistakes, this conversation will help you think differently about how to build, protect, and enjoy your wealth.

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You can build a successful career, earn a high income, and still wonder why you’re not building lasting wealth. If you’re thinking about how to grow your investments, how much cash you should keep, or whether you’re taking the right amount of investment risk, the answer may have less to do with the market and more to do with the financial habits behind your decisions.

In this episode, John and Alex Soutsos discuss the first five financial mistakes that can keep physicians, business owners, and other high-income professionals from building long-term wealth. They explain why earning more doesn’t automatically create wealth, why compound growth and compound interest reward people who start investing early, why over-diversification can create unnecessary complexity, how inflation affects the purchasing power of cash, why longevity may be a greater financial risk than stock market volatility, and why tax planning should support your investment strategy instead of driving your financial decisions.

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What actually drives economic growth, and what happens when governments try to control it?

In this episode, John and Alex Soutsos continue their conversation with Tim Doescher, diving deeper into the real-world impact of economic policy, from Reagan-era tax cuts to today’s debates around tariffs, inflation, and central banking.

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About Our Guest: 

Tim Doescher is the Executive Director at Unleash Prosperity, a policy organization focused on advancing free market economic principles. With a background in political campaigns, public policy, and economic research, Tim works closely with leading economists and policymakers in Washington, D.C., helping shape conversations around taxation, regulation, and economic growth.

What actually drives economic growth, and why do so many policies seem to do the opposite? 

In this episode, John and Alex Soutsos sit down with Tim Doescher, Executive Director at Unleash Prosperity, to challenge how most people think about taxes, government spending, and the real engine behind prosperity. They unpack the fundamentals of supply-side economics and how policy decisions shape real-world outcomes for businesses, investors, and everyday families.

Together, they break down what supply-side economics actually means in plain terms, and why reducing barriers like taxes and regulation can lead to greater investment, hiring, and overall economic growth. They also explore real-world examples, including migration trends between states, the impact of rising minimum wages, and how incentives, not intentions, ultimately drive behavior. 

This episode is about more than theory. It’s about understanding the forces shaping the economic environment you’re operating in, and why those forces matter for your long-term financial plan.

Tim Doescher discusses:

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Connect with Tim Doescher:

About Our Guest: 

Tim Doescher is the Executive Director at Unleash Prosperity, a policy organization focused on advancing free market economic principles. With a background in political campaigns, public policy, and economic research, Tim works closely with leading economists and policymakers in Washington, D.C., helping shape conversations around taxation, regulation, and economic growth.