beyond MD with Dr. Yatin Chadha

Dr. Mamta Gautam, known as "The Doctor’s Doctor," is a leading psychiatrist and author specializing in physician well-being since 1990. In this engaging discussion, she shares her captivating career journey and the importance of pursuing growth at work. Key signs of burnout are explored, along with preventative measures and the role of financial literacy in combating stress. Mamta introduces the "5 C's" for building resilience and emphasizes self-care as essential for a sustainable career, encouraging listeners to prioritize their mental health.

Farrah Khimji, a business strategist and founder of The Wellth Experience, empowers high-achieving women to build purpose-driven businesses. She shares her journey from corporate constraints to entrepreneurial freedom, highlighting the struggle against imposter syndrome. The conversation delves into her unique 'flow framework,' designed to help individuals align passions with business ideas. Farrah discusses the importance of community support and offers strategies for monetizing ideas while encouraging listeners to trust their vision and take action.

Today I'm thrilled to welcome Dr. Benjamin Hutten-Czapski, founder of Rewards MD to discuss a topic that can benefit each and every one of us......traveling the world by paying less through optimizing credit card rewards.You will want to listen to the end. Key links are at the bottom.Discussion Points:- introduction (2:18)- Rewards MD & how it's different (5:44)- what makes a good keeper credit card? (7:55)- a summary of the various ecosystems (10:18)- Amex platinum: worth it? (13:48)- A framework for accumulating points (16:53)- sign up bonuses (23:12)- cards for sustainable point earning in Canada (27:27)- Visa infinite vs. privilege - key considerations (30:50)- aeroplan e-store optimization (33:38)- Aeorplan status - why is this significant? (37:55)- Paying taxes with credit cards (40:20)- Amex business gold benefits (44:16)- Risks of audits? (46:25)- Chexy - pay taxes, rent, utilities (48:41)- How to handle lump sum expenses (51:00)- Approach to redeeming points (53:06)- Building the ideal credit card wallet (57:45)- Closing thoughts (59:50)Dr. Benjamin Hutten-Czapski: www.rewardsmd.ca consultations  PointsYeahhttp://chexy.co/rewardsmdsmallbusiness@chexy.co Dr. Yatin Chadhabeyondmdpodcast@gmail.com LinkedIn: Yatin ChadhaAmex referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

In this discussion, Jason Yee, an engineer and financial analyst passionate about the Canada Pension Plan (CPP), reveals why contributing to CPP is crucial. He delves into the enhancements made in 2019 and 2024, explaining how they benefit future retirees. Jason addresses common misconceptions, shares insights on timing contributions, and what factors influence your CPP benefits. He also highlights how small business owners can strategically use CPP for retirement planning, making a compelling case for its importance in ensuring financial security.

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