How is my Financial Health, Doc?

Infinite Banking - strategy revealed

Many have heard of the terms "Infinite Banking", "Bank on Yourself", and "Be Your Own Bank". They are the same and describes a strategy using Whole Life insurance. What is it? What are the benefits? What are the drawbacks? Who can use this strategy? We will reveal all this in this episode.

 

The Code Green Financial Conference registration is now open at www.codegreenfinancial.com

Early Bird has been extended until Dec 31st, 2024.

$249.00 per person instead of $349.00 per person.

Register now!

 

To leave me with feedback or comments, please email me at HMFHD2020@gmail.com.

 

Another tool in your corporate toolbox - What is a Health Spending Account (HSA)?

Small business owners (which incorporated physicians are) can help their employees with health and medical bills via a Health Spending Account (HSA). It is a benefit that is tax deductible to the corporation. How can it be used? What are the indications? Who can use it? What can it be used for? Many of these questions will be answered in this episode.

 

To leave me comments or feedback, please email me at HMFHD2020@gmail.com.

 

To visit and register for the Code Green Financial Fluency conference on Feb 15th, 2025, please visit

www.codegreenfinancial.com

 

What are Alternative Assets and should I consider them?

Most of us are invested in the "market" in traditional assets such as stocks, ETFs, and bonds. Our investment portfolio ride the roller-coaster that is the market. Can we invest in assets that are not correlated to this roller-coaster? The answer is "yes". One way to diversify our investment portfolio is using Alternative Assets (also known as Private Equity). What are the pros, cons, caveats, and risks? We will address these questions in this episode.

 

To leave comments and feedback, please email me at HMFHD2020@gmail.com.

 

The Code Green Financial Conference will be on Feb 15th, 2025 in Toronto at the Old Mill Inn. Registration is now open! If you are interested in attending the Code Green Financial Fluency conference for healthcare professionals, please visit us at: https://codegreenfinancial.com/

 

Marketing inaccuracies about pension plans "designed" for physicians - Part 3

Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as being 100% truthful. Buyer beware. Physicians need to do do their own due diligence.

 

To leave me comments or feedback, email me at hmfhd2020@gmail.com

What does the increase in the Capital Gains Inclusion Rate mean for me and my family?

You have heard of the new Canadian federal budget that increased the Inclusion Rate on the Capital Gains tax. It finally went into effect on June 25th, 2024.

Physicians were given the right to incorporate their practices in lieu of a salary increase. Consequently, many physicians saved their money inside their corporation in the form of retained earnings and then invested it, as a way to save for retirement. Now, with the increase in the Capital Gains Inclusion Rate, this strategy is no longer as efficient. But what about all those physicians who used this strategy for the last 20 years? Is it all lost? Well, if no actions are taken, then "yes".

 

A few strategies to mitigate this increase exist. Listen to learn about them!

 

If you want to leave me comments or feedback, please email me at hmfhd2020@gmail.com.

Marketing inaccuracies about pension plans "designed" for physicians - Part 2

Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as being 100% truthful. Buyer beware. Physicians need to do do their own due diligence.

 

To leave me comments or feedback, email me at hmfhd2020@gmail.com

Marketing inaccuracies about pension plans "designed" for physicians - Part 1

Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as being 100% truthful. Buyer beware. Physicians need to do do their own due diligence.

 

To leave me comments or feedback, email me at hmfhd2020@gmail.com

 

Financial fluency for healthcare professionals - an intimate conversation with Sandy Pollack

We have Sandy back again to help us dive into understanding the importance of financial fluency for physicians and other healthcare professionals.

 

If you want to leave me with feedback and comments, please email me at hmfhd2020@gmail.com

 

Confession of your podcast host Vu.

In this episode, I am being interviewed by the David MacNicol, host of Lighthouse Outlook Podcast. We go into more private questions about me and how I came to create "How is my financial health, doc?". We also discuss the financial challenges of physicians and why this is so. I discuss the importance of financial wellness for healthcare professionals. I highlight the common mistakes made by medical professionals, such as neglecting personal finance, not understanding financial products, and falling victim to scams. Finally, I emphasize the need for financial fluency and the impact it has on preventing burnout among healthcare providers

Please enjoy.

 

Leave me your feedback at hmfhd2020@gmail.com.

 

Technical Analysis and investing in the market: a conversation with Dr. Roger Sen

I welcome my friend Dr. Roger Sen to share with us his most recent passion and joy, which has become an income source for him. Dr. Sen has learned a new skill. We all can learn a new skill. he has developed his passion. We can all develop and nurture our passion. Who knows, someday, it can even become an income source.

Let's learn a little bit about Technical Analysis and investing in the stock market.

 

If you want to reach out, please email me at hmfhd2020@gmail.com.