beyond MD with Dr. 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.

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.