How is my Financial Health, Doc?

Feb 01 2025 100 ep. 44 mins 18
How is my Financial Health, Doc? Podcast artwork

A show where questions on personal finance from Healthcare Professionals are never a taboo.

  Business  Health & Fitness
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Entrepreneurship intersects with Medicine

Feb 01 2025 57 mins  
Many physicians I know have lots of great ideas and passion. Very few of us know how to convert these ideas and passion into reality. There are many explanations for this and I believe mindset is the major obstacle. Second is fear. Third is the lack of know-how. In this episode, we will have a fire-side chat with Dr. Mike Long who is himself a physician and an entrepreneur. Let'

Physicians are investigating pension plans - they need to do their due diligence on Specified Multi-Employer Pension Plan (SMEPP)

Jan 18 2025 53 mins  
**** Disclosure***** Myself (Vu Kiet Tran) and Mr. Jean-Pierre Laporte are co-founders of the Canadian Physicians' Pension Plan. Over the last 2-3 years, several pension plans for physicians have come onto the Canadian market. Physicians are now more concerned with their retirement and financial wellness (and they should be), especially with the most recent announcement by the fe

What is the Healthcare of Ontario Pension Plan (HOOPP) and is it a good fit for incorporated physicians of today?

Jan 02 2025 63 mins  
The Healthcare of Ontario Pension Plan (HOOPP) will welcome Ontario incorporated physicians on January 2nd, 2025. For more than 60 years, HOOPP has been providing secure pensions to Ontario healthcare workers. With more than 460,000 members and 670 participating employers across the province, HOOPP’s membership continues to grow. Physicians play an important role in Ontario’s h

Infinite Banking - strategy revealed

Dec 21 2024 68 mins  
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

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

Dec 07 2024 45 mins  
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 feed

What are Alternative Assets and should I consider them?

Nov 16 2024 61 mins  
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, co

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

Oct 14 2024 42 mins  
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. T

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

Sep 21 2024 46 mins  
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

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

Sep 08 2024 33 mins  
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. T

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

Sep 01 2024 33 mins  
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. T