beyond MD with Dr. Yatin Chadha

Today I welcome Promod Sharma & Jeevan Sharma to the show to discuss the immediate financing arrangement (IFA).Promod (actuary) & Jeevan (CFP) specialize in helping high-net-worth individuals & tackling their unique situations beyond basic insurance coverage. Discussion Points:What is an IFA? (2:17)Whole life (WL) vs Universal life (UL) - which is more suitable for an IFA? (3:41)What is the cash surrender value (CSW)? (7:35)How can policies be structured to allow for IFAs...Important (9:30)Who could benefit from an IFA? (16:55)IFA mechanism: - policy as collateral (23:23)- how large can the loan be? (24:42)- lenders (26:32)- personal vs corporate loans (27:57)- loan rates (30:58)- guarantee fees (31:35)Does IFA impact policy growth? (33:34)Using policy as collateral vs directly borrowing from the policy (34:20)How are IFAs tax efficient? (36:34)Loophole? (42:34)Fees (44:55)Ways to pay off the loan (45:44)Permanent life & IFA checklist - Important (46:25)When not to pursue an IFA (50:56)IFA risks (53:09)--------------------------------------------------------------------------------------------------------------This episode features Arya EHR - https://www.aryaehr.com/**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcastPromod Sharma & Jeevan Sharma:https://taxevity.com/ps@taxevity.comjs@taxevity.comhttps://www.linkedin.com/in/promod/https://www.linkedin.com/in/jeevanksharma/Yatin Chadha:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

Sometimes the answers are right in front of us. My guest today is Dr. Hasan Merali, MD MPH, author of Sleep Well, Take Risks, & Squish the Peas.We both believe kids hold the secret to a happier & richer life. Today, Hasan provides stories & evidence from the science of toddlers to back this up. He also discusses how we can incorporate certain practices into our day-to-day routines.Discussion Points:Hasan's introduction (2:40)Benefits of training in different places (4:10)How Hasan became fascinated with the science of toddlers (5:45)The difference between a toddler & adult brain (7:50)Toddler lesson #1: bedtime routines (9:35)Toddler lesson #2: giving (13:05)Toddler lesson #3: laughter (16:30)Toddler lesson #4: positive self talk (22:34)Toddler lesson #5: play (25:10)Hasan's book & the book writing process (26:35)Hasan's TEDx talk experience (35:30)How Hasan finds more purpose in his work (38:18)Goal setting & 5 year plans (42:30)Hasan Merali:Book: https://hasanmerali.com/book/   Website: https://hasanmerali.com/TEDx Talk. The best life lessons from toddlers: https://www.youtube.com/watch?v=C6l97BixokcX: https://twitter.com/Hasan_MeraliLinkedIn: https://www.linkedin.com/in/hasan-merali/Facebook: https://www.facebook.com/HasanMeraliMD/Popular Science Article: For better sleep, borrow the bedtime routine of a toddler: https://www.popsci.com/diy/how-to-sleep-better/TEDx talk by Angela Duckworth: https://www.youtube.com/watch?v=H14bBuluwB8Yatin Chadha:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

In this discussion, Dr. Paul Healey, co-founder of Physician Financial Independence and seasoned investor, shares insights gained from over a decade of investment experience. He tackles crucial questions on managing emotions during market downturns and the value of regular investing versus buying dips. Paul reflects on his 2008 experiences, advocates for cash cushions, and highlights the ease of all-in-one ETFs for beginners. He emphasizes the importance of time and compounding for achieving future financial freedom, urging patience amid market volatility.

Explore a rich and balanced life through five types of wealth: time, social connections, mental well-being, physical health, and financial resources. Discover how investing time in relationships can enhance overall satisfaction and productivity. Learn strategies to optimize focus and set personal growth goals. Reimagine wealth by emphasizing health and meaningful connections over mere financial success. Gain insights into smart investment strategies that align with your life ambitions while minimizing hassle.

Today's interview features best selling author, Robin Taub. Robin's book is The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for LifeRobin is CPA by training & started her career at KPMG, pivoted into real estate, & then entered the complex world of derivatives marketing at Citibank Canada. Today, she’s a keynote speaker & award-winning author. Robin lives in Toronto, where she and her husband have raised two (mostly) money-smart young adults. She loves to snowboard, cycle &go to concerts (she even got backstage once and met Bruce Springsteen).This episode is full of tips & stories relevant to parents with children of all ages.Discussion Points:- Robin's background (3:23)- how to answer early questions about money (8:10)- are cash and piggy banks still a good idea? (11:22)- how parents can teach their kids - anchoring on values (15:40)- the marshmallow test, delayed gratification, & SMART goals (19:45)- allowance systems (24:15)- when to open a bank account for kids (27:35)- teachable moments (28:35)- budgeting - a good idea? (32:30)- what can kids learn from getting a job? (37:25)- social media & comparison/consumption/birthday parties (42:25)- how to talk to kids about compound interest (51:10)Robin Taub:https://robintaub.com/https://www.thewisestinvestment.com/https://awordfromthewise.substack.com/https://www.linkedin.com/in/robintaub/Yatin:CMPA voting link: https://www.cmpa-acpm.ca/en/about/governance/council-electionsEmail: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

Today we revisit pensions with an exploration of the Healthcare of Ontario Pension Plan (HOOPP) for incorporated Ontario physicians.My guest is Rachel Arbour, who is the Head of Plan Benefits, Design and Policy at HOOPP.  Discussion points:- HOOPP overview (2:28)- What is a defined benefit pension? (4:13)- How is the defined benefit calculated? (6:23)- what to know about your best 5 years of earnings (9:35)- Is there a ceiling to the defined benefit? (10:31)- who is eligible to take part in HOOPP? (11:43)- how are contributions calculated? (15:52)- what about inflation adjustments? (23:13)- fund investment returns (26:32)- funded status (28:00)- HOOPP's maturation over time (29:10)- are special contributions possible with HOOPP? (31:47)- pension administrative & investment costs (35:45)- when can pension benefits begin? (38:15) - pulling out from HOOPP (39:38)- what happens to contributions in years of fluctuating income? (41:40)- income splitting, spousal benefit options (44:55)- estate planning (47:09)- disability benefits (50:07)This episode features Arya EHR - https://www.aryaehr.com/**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :)HOOPP:https://hoopp.com/join-hoopp/physicians-joining-hoopphttps://hoopp.com/news-and-insights/research-and-analysis/white-papersYatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

I'm delighted to welcome back my friend and colleague, Dr. Michael Fralick, MD, PhD.Mike is a creative spirit and has a knack for finding opportunities to positively impact others through his knowledge & expertise.He is a clinician scientist, runs the Fralick lab (which covers the intersection of AI & patient care), and last year published his first book & launched his internal medicine review course.I hope you enjoy this conversation which covers creativity, productivity & time management, and how to use our knowledge to drive impact & find meaning in medicine.Discussion Points:- Mike's book --> One Pagers for the Wards (1:40)- Finding time for creative pursuits & balancing competing demands (7:05)- Mike's motivation for writing the book (11:15)- Mike's time management & productivity strategies (15:30)- Strategies for navigating emails (23:00)- Things to know if writing a book (27:35)- Lessons learned from Mike's course - updates in inpatient medicine (31:10)- Goals for 2025 (39:36)- The most important lesson Mike has learned (42:48)- Closing thoughts (43:50)Medicine pods: https://medicinepods.com/Michael Fralick:https://www.amazon.ca/One-Pagers-Wards-Michael-Figueroa-Fralick/dp/1068806605https://fralicklab.com/https://www.youtube.com/@Fralickmikehttps://www.linkedin.com/in/michael-fralick-203716231/Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

In this engaging conversation, Dr. Todd Watkins, Associate CEO of the CMPA, sheds light on the complexities of medical malpractice claims in Canada. He discusses how physicians typically learn about a case against them and what steps to take upon receiving a statement of claim. Dr. Watkins elaborates on the role of the CMPA in providing crucial support, including legal representation and emotional guidance. He also tackles the significance of expert witnesses and the financial implications of malpractice lawsuits, making it an essential listen for medical professionals.

Today I welcome back Sasha Cucuz, CEO of Greybrook Securities.The focus today is to understand the variables impacting the margins (& expected returns) on investments in real estate development.Discussion points:- Greybrook's high rise model (2:19)- understanding the value of land (3:30)- what variables are controllable? (9:25)- the outlook for pre-construction condos (15:25)- how are margins impacted for condo projects? (24:25)- has the southern Ontario investment thesis changed? (31:15)- the anatomy of a USA value add project (37:50)- what areas excite Greybrook in the US? (48:04)- closing thoughts (53:02)Greybrook: https://greybrook.com/Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

Discover powerful productivity hacks that can transform your efficiency. Learn why setting and writing down your goals is crucial, and how structuring your day can enhance focus. Explore the benefits of task clustering and the importance of deep work without distractions. Find out how to tackle technology to optimize your environment and capture ideas effectively. Embrace the two-minute rule, create accountability partnerships, and remember to make productivity fun. These insights will help you achieve a better work-life balance and live on your own terms.