How is my Financial Health, Doc?

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

Capital Dividend Account (CDA) - The biggest unkown planning opportunity for corporations

I have heard of the CDA account many times. It did not register with me until the third time. Then, it hit me like a ton of bricks. Do you know about it? Do you understand it? It is a very powerful estate planning tool for incorporated professionals.

 

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

Confession of a Certified Financial Planner (part2): interview with Galen Nuttal

As busy healthcare professionals, we are very good at caring, treating, and healing others. However, how good are we are managing our own personal finances and planning for financial security? It is really a rhetorical question. We really are not. We should be good at it and educate ourselves. This however does not exclude needing the help of a professional. In this episode, Galen shares with us his profession and a look behind the scenes.

 

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

Confession of a Certified Financial Planner (part 1): Interview with Galen Nuttal

As busy healthcare professionals, we are very good at caring, treating, and healing others. However, how good are we are managing our own personal finances and planning for financial security? It is really a rhetorical question. We really are not. We should be good at it and educate ourselves. This however does not exclude needing the help of a professional. In this episode, Galen shares with us his profession and a look behind the scenes.

 

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

Mea Culpa (The Host - Vu - Mistake #2) - RESP plans

I am the host of this podcast because I earned it! I have made enough financial mistakes that I can about for an entire day. But for now, just avoid this one. Learn from my mistake and you can avoid yours. Enjoy.

I am not alone - physician mutant Dr. Yatin Chadha shares his thoughts about personal financial literacy for physicians

I thought I was alone like Wolverine. But I found another physician mutant willing to discuss personal finance in healthcare. Our lives may be in danger now as the rest of the medical community want to lock us up or rehabilitate us. But Yatin was courageous enough to expose himself as well. We are following our dream of educating the masses and hopefully one day, we can all live together in harmony. One day, we will be accepted by society.

Please listen to Yatin as he shares his thoughts about personal financial literacy for healthcare professionals.

Yatin's podcast is "Beyond MD with Dr. Yatin Chadha" on all podcast platforms.

If you would like to provide feedback or comments, please email me at hmfhd2020@gmail.com

How to pay down your mortgage faster and still have more for retirement? The Smith Maneuver demystified.

Canadian homeowners are somewhat disadvantaged in comparison to our American neighbours because we cannot right off the mortgage interest. We also think of debt in 1 (only one) way. We are taught this by our parents, cousins, neighbours, and our dog. But after centuries of doing it 1 way, we have not improved our overall financial security. There must be another way?

 

Yes, there is.

 

Please learn about the Smith maneuver and see if this strategy may be a good fit for you. It may not be, but at least, you will know what it is.

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

 

 

One of the best kept financial solution secret for incorporated individuals: Retirement Compensation Arrangement (RCA)

100% of my colleagues have accountants.

99% of my colleagues are not aware of private individual pension plans.

What a huge disconnect!!

And 100% of the 99% are also obviously not aware of the Retirement Compensation Arrangement (RCA). It is one of the best kept secret in personal finance.

Incorporated individuals should learn about this solution and figure out if this is an appropriate fit for their situation.

Don't miss out!

 

If you ave any feedback or comments, please email me hmfhd2020@gmail.com.