beyond MD with Dr. Yatin Chadha – Details, episodes & analysis

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.ca
• https://PoynerFinancial.ca
• https://dividendstrategy.ca/blog-2/

Yatin:

• Email: beyondmdpodcast@gmail.com 
• LinkedIn: Yatin Chadha

Episode Links:

• https://dividendstrategy.ca/blog-2/
• https://postcall.ca/subscribe?ref=YJc1MtZLsq&_bhlid=f71f181c85b22d7c236a5b072534f69e25f99241
• https://rhombus-butterfly-rwgm.squarespace.com/updatesininpatientmedicine
• https://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 Chadha
Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Mark Halpern:
https://wealthinsurance.com/
https://powerofplatinum.com/
https://www.linkedin.com/in/markhalperncfptepmfap/
mark@wealthinsurance.com

Links from this episode:
https://wealthinsurance.com/webdoc/TaxLetter-The-Entrepreneurial-Philanthropist.pdf
https://mycharityfund.ca/
https://www.givewise.ca/

Ways to support beyond MD:
Share beyond MD with your network
Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Today I discuss some of my investments. There have been wins along with some subpar performances. I've also caught myself occasionally falling into common investing traps. Today I address it all and what I've learned from my experiences.

Discussion points:
- #1: focusing too much on price (4:46)
- #2: the importance of understanding what you are investing in (9:48)
- #3: sometimes it pays to take less drastic action (17:35)
- #4: investing in the market at all time highs (25:54)

Companies discussed: DIS, CVS, SIA.TO, NVDA
ETFs: XAW.TO

Links:
Yatin's Links:

• Email: beyondmdpodcast@gmail.com 
• LinkedIn: Yatin Chadha
• Book recommendation: Balance by Andrew Hallam

Today I welcome Kim GC Moody, one of our country's top tax experts, to discuss AMT (Alternative Minimum Tax) changes for 2024 & beyond and the potential implications for high income earners in Canada.

The podcast has 3 segments:
1) AMT history & mechanics
2) AMT changes
3) AMT Scenarios

Discussion Points:
AMT basics (0:47)
Table of contents (2:07)
Kim Moody's bio (2:41)
Intro (3:58)
AMT intro, history, & mechanics (6:33)
How are tax decisions made in Canada? (12:12)
How has AMT changed in 2024? (15:45)
Are more people leaving Canada due to excess tax? (20:00)
AMT - there is a provincial part, no impact on corporations (24:32)
Impact of AMT on capital gains (25:20)
Impact of AMT on carrying forward capital losses (27:08)
No impact on eligible dividends (27:55)
Impact of AMT on lifetime capital gains exemption (28:35)
Impact of AMT on charitable gifting (30:05)
Impact of AMT on stock options (36:12)
Impact of AMT on trusts (37:14)
Impact of AMT on carrying forward interest charges for rental properties (38:00)
AMT calculations for specific scenarios (39:34)

• capital gains
• capital gains + carry forward capital loss
• capital gains, eligible dividends, + charitable donation

What % of people will be impacted by AMT? (47:42)
Closing remarks (50:15)

Kim Moody:
website: https://moodysprivateclient.com/
LinkedIn: https://www.linkedin.com/in/kimgcmoody/
email: kgcm@kimgcmoody.com
Kim's podcast: https://kimgcmoody.podbean.com/

Yatin Chadha:
beyondmdpodcast@gmail.com
https://www.linkedin.com/in/yatin-chadha-29074b109/

I'm thrilled to host Dimitre Ranev, MD. Dimitre is a savvy mind when it comes to DIY investing. I've benefitted from his wisdom over the years & I'm excited to pick his brain on his investing approach today.

 This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. I can get commissions that will be used to offset the costs of running this podcast :)

Discussion Points:

Guest Introduction (3:13)
An overview of Dimitre's portfolio & investing approach (8:30)
Dimitre's process behind analyzing a company (12:54)
Dividend investing - what to consider (16:58)  
Payout ratios, valuation, P/E ratio relative to historical norms  (20:12)  
Investing during inflationary times (23:30)
Time required to invest in individual companies (29:36)
Behavioural tendencies, having the right investor psychology, minimizing irrational behaviour (30:44)
The importance of rebalancing your portfolio (35:47)
Financial considerations as we pivot from early to mid career (39:05)
Dimitre's preferred resources for learning about investing (41:50)
Rapid fire (47:25)
Dimitre’s advice on building wealth (49:28) 

 
Dimitri’s Links:

• LinkedIn: https://www.linkedin.com/in/dimitre-ranev-he-him-0b941495/
• Primary medicine podcast: https://podcasts.apple.com/ca/podcast/primary-medicine-podcast/id1022330537

Yatin:

• Email: beyondmdpodcast@gmail.com 
• LinkedIn: Yatin Chadha
  
  

I'm thrilled to welcome back our colleague, Dr. Ketan Kulkarni, who is a pediatrician, coach, author, & entrepreneur.

This is a fun and wide ranging interview. We discuss Ketan’s new book, Soar: A Soul's Quest (link below), what a rich & successful life means to us, how to stick to our core values, time management, financial needle movers, bringing out the best in our kids, & more.

Discussion Points:

Ketan’s new book, Soar (2:48)

Lessons learned after writing 2 books (9:45)

Tips for writing a book (15:34)

Navigating through multiple interests, beating burnout, & establishing your metrics for success (18:12)

Strategies for living a life aligned with your core values (21:54)

Ketan's thoughts on seeking coaching & advice during the journey (24:25)

Beating limiting thoughts & breaking through (26:20)

Specializing vs thriving through multiple pursuits (28:38)

Deep learning as a remedy for burnout (32:24)

Time management hacks to live a balanced life (35:04)

What financial practices have been most impactful for Ketan?  (38:35)

Parenting & bringing out the best in your kids (43:57)

Favourite books (49:40)

Ketan’s Links

●      Soar: A Soul's Quest by Ketan Kulkarni, Christopher Morris, and Francis Yoo

●      The Legendary Quest: ForProfessionals Seeking Inner and Outer Excellence and Authentic Fulfillment by Dr. Ketan Kulkarni and Dr. Francis Yoo

●      Limitless Expanded Edition Upgrade Your Brain, Learn Anything Faster, and Unlock Your Exceptional Life by Jim Kwik

●      The 5AM Club: Own Your Morning. Elevate Your Life by Robin Sharma

●      The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company by Robert Iger

Yatin:

●      E-mail: beyondmdpodcast@gmail.com

●      LinkedIn: Yatin Chadha

Thanks for tuning in to part 2 of multiple streams of income with Dr. Stephanie Zhou.

One thing I hope people can take away from these interviews is that it's possible for many of us build a diverse and rewarding career....the multiple streams of income is the cherry on top.

Discussion Points:

Getting paid to offer advice in your area of expertise (0:37)

Steph's approach to venture capital (6:08)

Income through traditional investments (12:52)

Income potential through social media (16:05)

Exploring the distinctions between podcasting and YouTube in terms of monetization (19:35)

Real estate investments and their relationship to a potential recession (22:40)

Physician Financial Wellness Conference (26:46)

Stephanie Zhou:

•Stephanie’s Instagram

•Stephanie’s LinkedIn

•Stephanie’s Youtube Channel

•HaloHealth

My Links:

•LinkedIn: Yatin Chadha

Join Dr. Stephanie Zhou in today's episode as she dives into her diverse career and the streams of income that come with it. 

Dr. Steph specializes in addictions medicine at Sunnybrook Hospital, leads the Financial Literacy Curriculum at the University of Toronto, started the annual Physician Financial Wellness Conference, and was recognized among Canada's 100 most influential women in 2022.

Tune in for an insightful conversation on multiple streams of income!

Discussion Points:

 The different types of income streams (4:30)

How Dr. Steph’s practice is structured and the various streams of income that comes within it  (6:37)

Does doing a variety of things lead to burnout or sustenance? (12:37)

Doing non-destructive focused work  (13:24)

How admin work gives you time and geographical freedom (19:23)

Asking professional compensation when getting invited to speak in talks and conferences (20:13)

Managing your time (24:00) 

How income works in board memberships (27:10)

Stephanie Zhou:

•Stephanie’s Instagram

•Stephanie’s LinkedIn

•Stephanie’s Youtube Channel

•Thinking Fast and Slow by Daniel Kahneman

•Deep Work by Cal Newport

 My Links:

•E-mail: beyondmdpodcast@gmail.com

•LinkedIn: Yatin Chadha

Hello all! We decided to add a few details to Part 4 on Permanent Life Insurance with Jeff Bernstein (CLU, MFA-P).

While some may elect to cancel policies, there are also options for navigating policies without fully exiting, which are covered here in a quick summary:

1. APL (Automatic Premium Loan)
2. RPU (Reduced Paid-Up Option)
3. Premium Offset

beyondmdpodcast@gmail.com
jeffbernstein@seligman.ca

Thank you for joining me on the final segment of permanent life insurance with Jeff Bernstein, CLU, MFA-P, owner & managing partner of Seligman Insurance.

Discussion Points:
- The White Coat Investor & permanent life insurance (1:26)
- Who can benefit from permanent life insurance? (3:44)
- Commissions on permanent life insurance (8:14)
- How do commissions impact your policy? (19:18)
- Exit strategies, Canceling a policy (22:15)
- Closing remarks (25:51)

This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. I can get commissions that will be used to offset the costs of running this podcast :)

Jeff Bernstein:
https://www.linkedin.com/in/jeffreymbernstein/
jeffbernstein@seligman.ca
https://seligman.ca/

My links:
https://www.linkedin.com/in/yatin-chadha-29074b109/
beyondmdpodcast@gmail.com