How is my Financial Health, Doc?

Occupational therapist gone entrepreneur! Passion beyond clinical work.

Many of us secretly dream of a non-clinical job or career. We struggle to figure out what that would look like but, more importantly, how to get there. As we face more burnout in our industry, it becomes an imperative to actually drive towards our passion that can become a signifcant side job in this GIG economy. Having a passion outside of clinical work is now, I think, a must to combat burnout. Julia Perreira, a very successful occupational therapist, shares with us how she did it and what tips she has for us. Julia serves as an inspiration to all of us.

 

Please leave me your feedback or comments at hmfhd2020@gmail.com

 

It’s not sexy, but it is important - Financial Planning for SECURITY!

Everyone loves to talk about investment and stocks. We love to talk about the latest and shiniest coin on the block. But it is really not as important as considering the entire financial plan. Focusing mainly on investments as your overall financial plan can lead to a failed plan. What else should we do then?

 

Please leave me with your feedback and questions at hmfhd2020@gmail.com

Build financial security, independence, and wealth with the Wealth Creator

Many think life insurance is only for the estate after our passing (journey to the clouds). That is a very limited and scarcity mindset view of what life insurance can do. Those who truly understand life insurance know many other strategies to build financial security, independence, and wealth. This is one of such very powerful strategies. It is not for everyone, but it is something to be at least be aware of.

 

if you would like to leave me feedback, please email me at hmfhd2020@gmail.com

Value should be your focus, not just cost!

We, in healthcare, are no different than everyone else when it comes to evaluating a product or service. Everyone, even people whose expertise is financial products and strategies, fall in the same trap. That is basing their assessment mainly focused on cost and fees. That is absolutely the wrong mindset. And it is very costly in the end. Life is a great teacher, but this teacher is very expensive. Learn to evaluate a product or service based on value, not cost.

 

Please email me at HMFHD2020@gmail.com if you ave any comments or feedback.

How we view money determines how successful financially and how happy we will be.

I am certain you have many views about money. Are those views yours? or have they been implanted into your consciousness by your parents, your in-laws, or your neighbours? How you understand and view money determines how successful financially you will be. It will also dictate how happy you will be. So, do not underestimate the impact of your view about money.

 

Please email me at HMFHD2020@gmail.com if you ave any comments or feedback.

The Enhanced Smith Maneuver: invest in your own corporation, build a corporate pension plan, and pay down your mortgage faster!

Ice cream is amazing on its own. Soda is also very tasty. The combination of ice cream with soda in an ice cream float is even more amazing! Well, here, we will discuss another amazing combination.

What is the Enhanced Smith Maneuver?

We will dive into this combination and understand how they can be synergistic for incorporated healthcare professionals.

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com

A frank conversation with a ”strategic accountant” - what does one look like?

Are you engaged with a strategic accountant? In addition to filing your taxes, does your accountant educate and engage you in a discussion about financial planning for the future? As healthcare professionals, we rely on the expertise of others to manage our personal finance. One of the major player among these experts are the accountants. If they do not talk to us about things we are not aware of, how are we supposed to be aware? It is not so much what is said that is important. It is what is not said. So, are you having conversations with your accountant about things that are not said?

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com

Buy term insurance and invest the rest! Is that the perfect strategy for everyone?

There is an age-old debate between two camps: "Buy term and invest the rest" vs the Whole Life insurance. Many financial gurus and social media financial contributors who favor "Buy term and invest the rest". But what does it mean? How does it play out in the long-term? We will take a deep dive with a more analytical method. Please enjoy responsibly.

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com

Confession of a podcast host - Vu Kiet Tran

I had a great interview with Galen Nuttall, a CFP and a podcaster. Hear my deepest thoughts about how we, as a community, are doing financially on a personal level.

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com

How does divorce impact your financial security?

No one gets married with the expectation of having a divorce. But life happens. A divorce is devastating on so many levels. One of them is financial (for all parties involved). We will discuss this briefly with my good friend David.

 

If would like to leave any comments or suggestions for future episodes, please email me at hmfhd2020@gmail.com