In this episode I welcome Rounak Langhe, MBA, CFA, founder of Durham Asset Management. Rounak is an expert in fixed income investing. The aim of the this episode is to cover the fundamentals of bonds. Discussion Points: - Rounak's background (3:35) - what is a bond? Understanding the the 3 C's & coupon rate, maturity, and payment dates (8:40) - overview of bond types: government, corporate, junk/high-yield & bond rating agencies (13:04) - lower risk for higher yields in the bond market t...
Oct 19, 2023•42 min•Season 1Ep. 56
This episode provides a deep dive into donor advised funds, a lesser known philanthropic strategy. I'm happy to have Mark Halpern, CEO of WealthInsurance.com back on the pod. Discussion points: - what is a donor advised fund/DAF (5:23) - what can flow into a DAF? (8:23) - transferring appreciated corporate securities to a DAF (11:50) - rules around tax deductions on (DAF) contributions (15:32) - others contributing to your DAF (17:10) - DAF contribution rules (18:39) - setting up a DAF (22:30) -...
Sep 28, 2023•45 min•Season 1Ep. 55
Today I host Ricky Zhang, founder of the Prince of Travel. This is a deep dive on understanding & optimizing travel rewards so that we can travel the world by spending less! Discussion Points: Ricky's background & the origin of Prince of Travel (3:45) How does the points system work? (7:07) Earning points rapidly through credit cards (11:14) Credit score fundamentals (19:07) Should we keep our credit cards for the long term? (22:40) The credit card game isn't for everyone - who should av...
Sep 07, 2023•1 hr 3 min•Season 1Ep. 54
Thank you for joining me for part 2 with the Loonie Doctor (Dr. Mark Soth). Discussion points: - summary of sources of corporate tax drag (1:44) - how does Mark invest his own money? (3:55) - optimal salary & dividend mix (6:39) - Mark's view on individual pension plans/IPPs (8:42) - What's moved the needle most for Mark? (11:29) - Decumulation overview (13:19) - Lessons for the kids (17:10) - Closing thoughts (19:29) Mark's blog: https://www.looniedoctor.ca/ My links: beyondmdpodcast@gmail....
Aug 17, 2023•22 min•Season 1Ep. 53
Due to popular demand, finally overcoming my procrastination, and finally getting more comfortable with my knowledge base, I am thrilled to welcome Dr. Mark Soth (aka The Loonie Doctor) to beyond MD. This is corporate tax and corporate investment optimization 101. Discussion Points: The mission behind the Loonie Doctor Blog (2:41) Mark's evolution (6:17) Corporation taxation basics (8:29) What are the main advantages of incorporating? (10:46) RDTOH basics (12:45) Canadian/eligible dividends earn...
Aug 10, 2023•37 min•Season 1Ep. 52
Today I sit down with Dr. Michael Fralick, who is a Clinician-Scientist at the University of Toronto to talk about locuming as a physician. Mike and his brother, John Fralick, host the Rounds Table podcast , bringing summaries of the most relevant randomized controlled trials to practicing physicians. Table of Contents: My opinion on the benefits of locuming (0:48) Dr. Mike Fralick's background (4:37) Mike's experiences locuming to date (5:45) Where to locum, how to sign up for locums (7:48) The...
Jul 28, 2023•31 min•Season 1Ep. 51
Welcome to my 50th episode! Today we focus on the most important insurance policy we all need: disability insurance (DI) . The discussion focuses on fully understanding the policy & key riders, and optimizing the policy for your needs (as well as cost). Please note: DI basics are covered in episode 2 for anyone seeking a refresher. My guest: Kristen Fazio from Professionals' Insurance Centre. Discussion Points: How much DI coverage do we need? (3:54) Max coverage, strategies for high earning...
Jul 14, 2023•39 min•Season 1Ep. 50
Thanks for joining me on part 2 of my money mistakes.....too many to count ;) After discussing the highlights from my California road trip, I talk about 6 more mistakes that have cost me big & what we can learn from them. The first mistake starts at (6:09). This year we made a conscious decision to travel the world more & live our best lives today. I'm learning more about optimizing travel rewards & am sharing the link to my preferred card below: Amex platinum credit card (business o...
Jun 23, 2023•23 min•Season 1Ep. 49
Thank you for tuning in to my 4th solo episode. We all make our fare share of mistakes & I am no exception. In fact, I've made so many financial mistakes that it will take at least 2 episodes to cover them all. Links to content covered in this episode: Amex platinum credit card (business owners & sole proprietors): https://americanexpress.com/en-ca/referral/yATINC4uFw?XLINK=MYCP Please note: I use this card myself & will receive travel points through this link. You can support beyond...
Jun 16, 2023•24 min•Season 1Ep. 48
Jamie Golombek is back!!! This time to discuss a frequently requested topic: TRUSTS Outline: Jamie's background (1:48) Basic overview of trusts (3:15) Big picture: why would one want to open a trust? (6:12) Trusts nitty gritty (contributions, assets, taxes, corporate transfers) (7:45) Income splitting using a trust (11:09) Tax implications for trust income (14:45) Investment strategies for a trust (15:47) Deferral of capital gains (16:42) Estate freeze - mechanics & role of a trust (17:50) O...
May 25, 2023•33 min•Season 1Ep. 47
It's my pleasure to host Stefan Scott, a fee-for-service (flat-fee) Financial Planner. He is a valued voice on the Physician Financial Independence Facebook group & is exceptionally well versed on the First Home Savings Account (FHSA). Discussion points: - Stefan's background (6:42) - FHSA overview (9:10) - Eligibility, definition of first time home buyer (10:27) - How long can an account stay open for? (12:54) - Carrying forward contributions, over contribution penalties (13:36) - Tax deduc...
May 04, 2023•48 min•Season 1Ep. 46
Next to our volatile markets, guaranteed income certificates (GICs) have been one of the most discussed topics over the last year. In this episode I sit down with Mahima Poddar of EQ Bank to dissect these in a bit more detail. Mahima Poddar is the Senior Vice-President & Group Head of Personal Banking at Equitable Bank (EQ), which has now grown to $8 Billion in deposits and over 300K customers. Discussion Points: - what is a GIC? (6:15) - payment frequency (6:36) - reinvesting interest (7:11...
Apr 20, 2023•26 min•Season 1Ep. 45
I'm thrilled to host my colleague & friend, Dr. Matt Poyner. Matt is a former ER physician who paved his way to financial independence in his 40's. He made the decision to leave medicine, travel the world with his family, and to pursue his new passion of teaching other physicians about money. Matt is also currently pursuing his CFP designation. Matt's story is one of taking chances, carving out a different path, & striving to enjoy life today (not tomorrow). He was able to achieve a lot ...
Mar 31, 2023•59 min•Season 1Ep. 44
Welcome to part 4 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Refinancing. Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million. Discussion Points: - What makes a worthwhile BRRRR? (0:47) - Preparing for the appraisal (5:23) - Appraisal timing & mortgage considerations (10:55) - Variable or short ...
Mar 16, 2023•21 min•Season 1Ep. 43
Welcome to part 3 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Renting. Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million. Discussion Points: - Understanding debt coverage ratio, the multiple benefits of positive cashflow (2:10) - Quentin's comprehensive checklist & process for screening and sel...
Mar 09, 2023•30 min•Season 1Ep. 42
Welcome to part 2 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Renovation. Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million. Discussion points: - Strategies for inspecting rental units & getting cost estimates (3:25) - Project timelines & high yield renovation planning tips (9:44) - Conside...
Mar 02, 2023•25 min•Season 1Ep. 41
Welcome to part 1 of a 4 part series on the BRRRR (buy, renovate, rent, refinance & maybe repeat) method of real estate investing featuring Quentin D'Souza. Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million. Discussion points: - Quentin's inspiring story & background in real estate investing (3:45) - Developing the real estate investor mindset (11:46) - Introduction...
Feb 23, 2023•35 min•Season 1Ep. 40
My exploration of investing continues today with Jeremy Donath, LL.B, CIM. Jeremy co-runs the Donath & DiSabatino Wealth Management Group in BMO Private Wealth. Today's topic covers Liquid Alternative Investments. Discussion points: - Jeremy's background & experience (7:06) - Basic investment approach (8:08) - What is a liquid alternative investment? (10:46) - Sectors and asset classes covered by liquid alts (12:34) - Accessed by individuals or institutions? (13:46) - RRSP eligibility (1...
Feb 02, 2023•51 min•Season 1Ep. 39
It's an honour to host Sasha Cucuz, CEO of Greybrook Securities on this episode. The focus : understanding real estate development based investing Discussion points: - Sasha's very interesting path (2:40) - Greybrook's healthcare investments (6:00) - How Greybrook is structured...greybrook capital, realty partners, & securities (7:57) - Overview of types of projects & key markets, investment strategy (9:08) - How a development project works start to finish, how returns are generated (12:...
Jan 12, 2023•57 min•Season 1Ep. 38
I'm very fortunate to host individuals like Dr. Ketan Kulkarni . Dr. Kulkarni is an east coast pediatrician specializing in Hematology & Oncology. He wears many hats, having published >>100 papers, is a passionate entrepreneur, keen advocate for financial literacy, & a best-selling author. His journey is inspiring & filled with valuable life lessons. Ketan talks about how striving for a broader identity has made medicine more enjoyable, his experience with burnout, why creating...
Dec 15, 2022•59 min•Season 1Ep. 37
Elan Weintraub from the Mortgage Outlet is back! Discussion points: - mortgage landscape (4:13) - interest rate thoughts/predictions (7:21) - variable rate vs adjustable rate mortgages, trigger rates, negative amortization (8:36) - variable rate mortgage considerations (14:13) - mortgage approval process today with focus on medical trainees (18:09) - appraisals/refinancing in today's market (22:28) - mortgages through Holding Company: rates, Helocs, joint ventures (25:52) - HELOC - home equity l...
Nov 25, 2022•39 min•Season 1Ep. 36
In this interview I sit down with Mark Halpern, CFP, TEP, MFA-P. Mark is CEO of Wealthinsurance.com & has been assisting professionals and many of Canada's most affluent families for decades with an expertise in insurance solutions and tax strategic philanthropy to enhance wealth and build generational legacies. Discussion points: - Mark's background (5:37) - the reasons people pursue philanthropy (7:36) - gifting of appreciated public securities (11:23) - gifting through professional corpor...
Nov 04, 2022•42 min•Season 1Ep. 35
In this episode I interview Gareth Tingling, CFA, MBA , who is a Portfolio Manager at Foster & Associates. Gareth's investment blog: https://www.wheelhouseresearch.com/ Discussion Points: - Gareth's very interesting background (2:32) - intro to buy & sell side analysts (9:53) - early vs late sell side analysts, why the # of analysts is important (16:02) - understanding analyst incentives, buy, hold, sell recommendations (24:21) - key differences between buy & sell side analysts (28:2...
Oct 20, 2022•1 hr 12 min•Season 1Ep. 34
In this episode I sit down with Simon Mass , founder & CEO of the Condo Store . Simon has more than 25 years of experience in real estate investing & is a true leader in the pre-construction space. Condo store website : https://condostorecanada.com/ Simon's email : Simon@condostorecanada.com Discussion points: - Simon's experience & journey in real estate (6:12) - The Condo Store's business model (10:59) - rising borrowing costs, interest rates (15:10) - Pre-con basics, GTA corridors...
Sep 30, 2022•56 min•Season 1Ep. 33
Welcome to my 3rd solo episode! Today I discuss a topic that is deeply meaningful to me: the Arrival Fallacy. More importantly, we will talk about overcoming the arrival fallacy and the implications this has for a more successful personal & financial life. Summary: - my past and where I went wrong (1:03) - arrival fallacy definition (7:24) - the role of dopamine (10:35) - 5 ways to overcome the arrival fallacy (14:25) - a tale of 2 doctors (20:51) - spending on what you value (23:14) This ep...
Sep 09, 2022•29 min•Season 1Ep. 32
This is THE episode many have been waiting for - a conversation with the founders of Physician Financial Independence (PFI) on facebook, Paul & Jane Healey . We cover a broad spectrum of topics including: - PFI behind the scenes - how they work as a couple/team - what they value in life - the relationship between money and happiness - talking to kids about money - financial/investing lessons - paying off debt vs investing Thank you Jane & Paul for your unwavering effort in promoting fina...
Aug 12, 2022•52 min•Season 1Ep. 31
In this episode I host Joseph Bakish (CFA, CLU, TEP), wealth & investment advisor, portfolio manager from Bakish Wealth at Richardson Wealth. Joe has abundant experience in the industry, accolades include top under 40 advisor in 2020 and being recognized among Canada's top 50 advisors in 2021. Discussion points: - basic approach to alternatives, discussion of CPP (3:50) - rationale for alternatives (14:08) - are alternatives uncorrelated from stocks? (17:02) - private lending (18:28) - the i...
Jul 21, 2022•52 min•Season 1Ep. 30
I host Dr. Michael Warner, Medical Director of critical care at Michael Garron Hospital & President of Advisory MD in one of my favourite conversations to date. Michael talks about the importance of maintaining passions outside of medicine, how an MBA helped him in medicine & beyond, the rewards & challenges of starting a business, his investment approach, & the most impactful life lessons he's learned. Advisory MD: https://www.advisorymd.com/ Michael's email: michaelwarner@advis...
Jun 28, 2022•40 min•Season 1Ep. 29
In this episode I host Amanda Doucette, TEP. Amanda is a tax lawyer & founder of the Tax Chick Podcast and Blog, which are wonderful resources for anyone wanting to learn more about tax and estate planning. Discussion points: - when to start estate planning (8;35) - essential documents (11:12) - durable vs springing power of attorney (14:05) - POA: who to choose, including trust companies (16:00) - summary of wills (18:45) - what happens if you pass away without a will (21:16) - what is prob...
Jun 09, 2022•59 min•Season 1Ep. 28
I'm thrilled to have Dr. Wing Lim join me for this episode. Wing has achieved incredible personal, professional, and financial success. One of his impressive accomplishments is co-developing the Synergy Wellness Centre in Alberta, which provides care for more than 500,000 patients annually. We discuss the challenges of medicine, financial mistakes, the importance adopting a growth mindset for success, the wealth mindset, taking/balancing risk, investing, the importance of our dreams, and more. W...
May 13, 2022•44 min•Season 1Ep. 27
