How is my Financial Health, Doc?

Are you aware of Real-estate development investing through a Limited Partnership?

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.

When it comes to your financial health, are you dealing with a ”bike salesman” or a ”personal trainer”? Are you getting ”suitable” or ”best interest” advice?

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.

What is pre-construction real-estate?

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. 

 

In this episode, Dr. Dimitre from Physician Empowerment, interviews Dr. Tran, an experienced pre-con owner, about all you need to know before investing in this market.

 

If you want to provide me feedback or comments, please email me at hmfhd202@gmail.com

What is debt and how to USE it to build wealth? (Part 2)

We are brought up to hate debt and to pay-off every single dollar as fast as we can so we do not have debt. That is the common teaching. But using debt is different from having debt. We are not familiar nor comfortable with this concept. It does take a different mindset to absorb this. In this episode, we start with defining debt and OPM (Other People's Money). Then, we discuss how to leverage OPM. Enjoy the learning carefully!

 

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

What is debt and how to USE it to build wealth? (Part 1)

We are brought up to hate debt and to pay-off every single dollar as fast as we can so we do not have debt. That is the common teaching. But using debt is different from having debt. We are not familiar nor comfortable with this concept. It does take a different mindset to absorb this. In this episode, we start with defining debt and OPM (Other People's Money). Then, we discuss how to leverage OPM. Enjoy the learning carefully!

 

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

What is Participating life insurance? Let’s take a deep dive into the question with an insider.

There is great debate going on in the wider financial community about life insurance. There is really 2 schools of thought out there: only buy Term insurance and invest the difference (BTID) vs Whole life insurance. There are indications (medical lingo used here) for both types of insurances. We should take some time to understand them. This one is on Participating Life insurance. Please enjoy the learning responsibly!

 

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

 

Physicians are not just physicians. We can be so much more - a chat with Dr. Thanasi Tsiodras

Many physicians feel they are trapped. I know many of these physicians. They cannot do anything else other than medicine (and their own specialty). The reality is that physicians have acquired throughout their studies many skills that are transferrable to other careers. However, at times, we are too emotionally trapped to recognize the spectrum of skills we have. We do have them. of course, we also need to learn new skills to embark into new adventures. With the rising rates of burnout among physicians and healthcare professionals, what could be the solutions? Is non-clinical work (and alternative method of making an income) part of the solution? The answer is a resounding "Yes!". Please see what opportunities are possible by learning from Dr. Tsiodras.

 

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

 

What is Arm’s length lending with your RRSP?

Physicians know much about investing (in the Market). Many are not aware about Arm's length private lending. What is this and what does it eat in the winter? We are going to bring this to your awareness today. Enjoy the learning!

 

Please lave me feedback or comment at hmfhd2020@gmail.com

How to get started in real-estate investing for healthcare professionals

I hear a lot of my colleagues talk about real-estate investing and earning passive income via real-estate. Many have talked about it. Very fews have actually done it. Maybe because of lack of knowledge. Maybe because of fear. Maybe just procrastination. Whatever the reason, there is no more excuse after this episode.

 

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

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