beyond MD with Dr. 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.

In this engaging discussion, Ricky Zhang, the founder of Prince of Travel, shares his expertise on optimizing credit card points for travel. He explains the intricacies of how points systems work and offers tips for rapidly accumulating them. Ricky highlights the best credit cards for Canadians, such as Amex Cobalt, and discusses efficient redemption strategies. He emphasizes responsible credit management, suitable for various traveler types, and offers insights into utilizing shopping portals. Listeners will learn to navigate travel rewards like pros!

Aravind Sithamparapillai, an associate at Ironwood Wealth Management and known as a tax ninja, dives deep into the Canada Pension Plan and its implications for small business owners. He simplifies complex tax topics like salary vs dividends and discusses tax integration across provinces. Fascinatingly, he compares CPP contributions with personal investment strategies, highlighting the long-term security CPP offers. He also sheds light on lesser-known CPP benefits, including disability and family support, making financial planning more accessible for listeners.

Today I'm thrilled to host Dr. Neel Chadha. Neel is a family physician who made the bold decision to go all in on developing retirement residences for seniors.This is a story of embracing new opportunities, taking calculated risks, & pursuing a focused life to find success.Discussion Points:Introduction (1:35)From family medicine & geriatrics to developing senior homes (5:15)Neel's decision to leave the hospital & go all in on senior living (6:55)Neel's retirement residence community (9:35)Senior living in Canada - status quo, supply/demand (12:00)Investing in senior living - key metrics to track (16:25)Navigating interest rates & other challenges in 2023 - key takeaways (18:42)Why a focused life is critical for success (23:30)The importance of mentorship (26:05)What Neel wants to be known for (30:25)Closing remarks (31:10)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 :)Neel:https://lanarklifestyles.ca/https://www.linkedin.com/in/dr-neel-chadha-44829013b/Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin ChadhaWays to support beyond MD:Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCPhttps://americanexpress.com/en-ca/referral/cobalt?ref=yATINCYEoc&XLINK=MYCP

The idea for today's pod was born after a riveting conversation on a flight to Florida. I'm happy to host Matthew Lee & Ming Lim from Volition Properties to learn how they've built wealth through investing in multifamily properties in the Toronto core.Discussion Points:- Introductions - worth it, I promise (1:30)- Introduction to Volition (8:15)- The investment thesis for multifamily in Toronto (10:35)- Investment locations (19:50)- Why tenants are so critical to the business model (23:45)- Are there opportunities currently in Toronto? (25:30)- What about areas outside the city core primed for more gentrification? (29:55)- How do you turn properties into meaningful cash flow later? (33:30)- The numbers behind a recent deal (44:55)- How many properties does one need to exercise this strategy? (48:10)- Price per square foot, the reason for 2-3 bedroom suites (51:00)- 101 on laneway suites & the status quo in Toronto (53:20)- Parting words (1:01:15)Volition Properties:FREE Monthly investor meetup:https://www.meetup.com/Volition/Detailed info on the condominiumization meetup Oct 29th, 2024https://www.meetup.com/volition/events/302351457/?eventOrigin=group_events_listContact info: info@volitionprop.com www.volitionprop.com 1-877-416-BRRRwww.facebook.com/VolitionPropwww.instagram.com/volitionpropertieswww.ca.linkedin.com/company/volitionpropwww.youtube.com/@VolitionPropertiesPhysician Financial Wellness Conference:https://www.physiciansficonference.com/Yatin Chadha:Email: beyondmdpodcast@gmail.comLinkedIn: Yatin ChadhaWays to support beyond MD:Share beyond MD with your networkAmex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

In a unique twist, Sima Acharya interviews her husband, Dr. Yatin Chadha, a radiologist and podcaster passionate about financial literacy. They discuss life lessons, the evolution of their financial alignment, and the importance of personal development. Dr. Chadha shares transformative investment strategies and reflections on their parenting journey. The couple also reveals insights from influential reads that have shaped their views and expresses excitement about future podcast topics, creating a blend of humor and wisdom.

Today I host my friend & colleague, Dr. Matt Poyner. Matt breaks down the Registered Education Savings Plan (RESP) & other ways to optimize finances when it comes to our kids' education.Matt is a long time blogger at dividendstrategy.ca, physician, & is now passionate about offering flat fee financial planning.Discussion Points:- Matt's journey & foray into financial planning (2:34)- Basic RESP overview (14:15)- RESP set up - family vs specified (21:05)- Optimal RESP contribution strategy (23:09)- Investing approach inside an RESP (31:32)- RESP withdrawals & understanding the RESP buckets (37:26)- RESP options if your child doesn't go to school (44:00)- Thoughts on optimizing student financial aid (48:44)- Spending time with the kids - Matt's perspectives (57:50)Matt:matt@PoynerFinancial.cahttps://PoynerFinancial.cahttps://dividendstrategy.ca/blog-2/Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin ChadhaEpisode Links:https://dividendstrategy.ca/blog-2/https://postcall.ca/subscribe?ref=YJc1MtZLsq&_bhlid=f71f181c85b22d7c236a5b072534f69e25f99241https://rhombus-butterfly-rwgm.squarespace.com/updatesininpatientmedicinehttps://www.looniedoctor.ca/2023/04/21/resp-contribution/https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4092/registered-education-savings-plans-resps.html

Mark Halpern (CFP, TEP, MFA-P) is one of the top voices in tax efficient philanthropy in Canada. Earlier this year, Mark interviewed me on the reasons to give, and I came up with 4 reasons important to me that I hope you will find useful.Discussion Points:- my background & journey (3:00)- the journey of beyond MD (6:02)- how my interest in philanthropy evolved (11:20)- reason #1 to give: giving makes is happier - what is the evidence? (13:10)- reason #2 to give: imparting valuable lessons to our children (20:05)- how to talk to our kids about giving (25:56)- reason #3 to give: networking & entrepreneurship (29:00)- reason #4 to give: financial benefits (33:20) - numerical example of transferring appreciated stock from your corporation (35:30)- how to make your charitable gifts more meaningful (39:30)Yatin Chadha:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin ChadhaAmex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCPMark Halpern:https://wealthinsurance.com/https://powerofplatinum.com/https://www.linkedin.com/in/markhalperncfptepmfap/mark@wealthinsurance.comLinks from this episode:https://wealthinsurance.com/webdoc/TaxLetter-The-Entrepreneurial-Philanthropist.pdfhttps://mycharityfund.ca/https://www.givewise.ca/Ways to support beyond MD:Share beyond MD with your networkAmex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

I'm thrilled to host my friend & colleague, Arjun Saraf (CPA, CA, EMD). We focus on Mortgage Investment Corporations, with a focus on understanding the challenges in the current environment & key considerations when navigating this investment strategy.Discussion points:- Arjun's professional background (5:33)- Quick overview on New Haven's MIC (6:57)- Understanding equity based lending (8:50)- How does a high interest interest rate environment impact a MIC? (12:00)- The MIC business landscape today (15:07)- Tax treatment of MIC investment income (17:41)- Current trends on arrears (18:25)- Thoughts on interest rates (25:45)- Risk mitigations strategies within a MIC (29:40)- Key lessons learned running a business in this environment (35:13)- MICs vs other fixed income investment strategies today & when rates fall (36:30)- 3 Key questions to ask before investing in a MIC (39:40)- Time to liquidity/getting your money out (43:20)- Arjun's most valuable lesson (47:25)- My perspectives (49:50)Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin ChadhaArjun:asaraf@integratedequities.comhttps://www.linkedin.com/in/arjun-saraf-cpa-ca-emd-b0667022/https://www.newhavenmortgage.com/

Justin Manning, a licensed life and health insurance broker, shares his expertise on Health Spending Accounts (HSAs). He explains how HSAs can utilize pre-tax dollars for medical expenses, making them advantageous for many. Justin discusses eligibility criteria and what services are covered, including travel insurance. He also highlights the flexibility of HSAs compared to traditional insurance plans and addresses potential pitfalls, such as fraud. His insights help demystify HSAs, making them appealing for both individuals and businesses.