Episodes
Sunday Jul 02, 2023
Sunday Jul 02, 2023
We all Canadian physicians have been yearning for a pension plan for the profession for ages. No one has taken the time or given the effort to create one for us Canadian physicians. That time has come. I, the co-founder of the Canadian Physicians' Pension Plan, have designed one that meet the needs of Canadian physicians. It is designed specifically for us.
98% of us are in RRSP, a vehicle designed for middle income individuals. It is not the ideal retirement vehicle and tax tool for Canadian physicians. A pension plan is.
Here is why.
If you have any comments or feedback, please email me at hmfhd2020@gmail.com
If you want to understand more about the Canadian Physicians' Pension Plan, please visit www.canadianphysicianspensionplan.ca
Sunday Jul 02, 2023
Sunday Jul 02, 2023
We, all Canadian physicians, have been yearning for a pension plan for the profession for ages. No one has taken the time or given the effort to create one for us Canadian physicians.
98% of us are in RRSP, a vehicle designed for middle income individuals. It is not the ideal retirement vehicle and tax tool for Canadian physicians. A pension plan is.
Here is why.
If you have any comments or feedback, please email me at hmfhd2020@gmail.com
If you want to understand more about the Canadian Physicians' Pension Plan, please visit www.canadianphysicianspensionplan.ca
Saturday Jul 01, 2023
Saturday Jul 01, 2023
Healthcare professionals are very good at what they do, but are very bad at personal finance. We go through our professional and private lives without knowing these major financial concepts. This lack of knowledge is severely detrimental to our financial wellbeing. It is imperative we correct this.
Saturday Jun 17, 2023
Saturday Jun 17, 2023
Healthcare professionals are very good at what they do, but are very bad at personal finance. We go through our professional and private lives without knowing these major financial concepts. This lack of knowledge is severely detrimental to our financial wellbeing. It is imperative we correct this.
Saturday Jun 03, 2023
There are many ways to invest in real-estate for the HCP. Is BTRSFR right for you?
Saturday Jun 03, 2023
Saturday Jun 03, 2023
Many of us look to include real-estate in our investment portfolio. There active ways to invest in real-estate. There are more passive ways. Investing with a Limited Partner (LP) may be right for you. How much do you understand of LP real-estate investing. What do you know about BTRSFR? It is time to upgrade your knowledge!
Saturday Apr 22, 2023
Financial Anonymous: are you really good?
Saturday Apr 22, 2023
Saturday Apr 22, 2023
"I am good" is what I often hear from colleagues who either do not want to deal, do not want to be bothered, do not feel confident, or feel embarrassed about their own personal finances. Many are heading towards a path of financial hardship in the future because they haven't learned how to properly plan for the future. Physicians make a good income but physicians also like to spend. We have so-called "experts" helping with our finances. We often ask them for advice. The advice is not always in our best interest. But I am not sure that physicians can pick that up. Physicians have serious financial problems. Most physicians do not recognize it nor acknowledges it. Physicians need "financial anonymous".
Please leave your comments and/or feedback at hmfhd2020@gmail.com
Sunday Apr 16, 2023
Sunday Apr 16, 2023
We have been told by our accountants to take as little salary as possible and leave the rest of the corporate income in the corporation as retain earnings. Then we were told to invest these retain earnings in a non-registered investment account. Many of us have done this. It is no longer tax efficient to do so. Were you aware of it? Now learn the reasons why it is no longer advisable to do this. What are the potential solutions? How should I implement them?
If you would like to leave me comments or feedback, please email me at HMFHD2020@gmail.com.
Saturday Apr 08, 2023
Are you aware of Real-estate development investing through a Limited Partnership?
Saturday Apr 08, 2023
Saturday Apr 08, 2023
As I mentioned several times, people in the healthcare industry loves to invest in real-estate. In fact, who doesn't? While most are familiar with buying a primary residence, many are still learning about alternative ways to invest in real-estate. Have you considered real-estate development investing through a Limited Partnership? Did you know what it was? If not, well, here is your chance to learn more about it.
To leave me your comments or feedback, please email me at HMFHD2020@gmail.com.
Saturday Mar 18, 2023
Saturday Mar 18, 2023
I hear this very commonly from my peers: "I will discuss this with my advisor/accountant". I know for a fact that most of my colleagues who say this have never questioned whether their advisor/accountant has the knowledge or expertise to opine on the question at hand. However, they believe the "experts" without a second thought. Are they getting "best interest" or "suitable" advice? Does the expert have the appropriate knowledge to provide "best interest" advice? It is something we do not ask ourselves too often. We eventually pay dearly financially for the questions we did not ask or have avoided to ask.
If you have any comments or feedback, please email me at HMFHD2020@gmail.com.
Sunday Mar 05, 2023
What is pre-construction real-estate?
Sunday Mar 05, 2023
Sunday Mar 05, 2023
Purchasing real estate is still a wonderful investment strategy. However, it is big decision and often an even bigger financial commitment. Thankfully, pre-construction condominiums are an accessible way for investors to get into the physical real estate market. They can invest with a reasonable down payment, and throughout construction, their investment grows in value. So, by the time their building is ready for occupancy, their investment has already increased in value, and they can start making a passive income by renting out their unit to tenants.
If you want to provide me feedback or comments, please email me at hmfhd202@gmail.com