PODCAST · business
How is my Financial Health, Doc?
by Vu Kiet Tran
A show where questions on personal finance from Healthcare Professionals are never a taboo.
Episodes
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Debunking Pension Myths and Misinformation (Part 1)
This episode was triggered and is a response to a Canadian physician who, on a podcast, discussed the difference between RRSP and IPP (Individual Pension Plan) and, in doing so, delivered numerous false information. When I listened to the episode, I quickly realized many so called financial…
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An update on Segregated Funds: What are they and who are they for?
Today we’re talking about seg funds, a type of investment that blends market growth potential with some built-in protection features. They’re offered by insurance companies and banks and can include things like maturity guarantees, death benefit protection, and in some cases creditor protection....
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You are a physician landlord. Do you know what to do when your tenant breaches the rental contract?
This is the second episode about being a physician landlord. We continue our conversation with Mr. Andrew Fortis who will share with us his advice and wisdom as a real-estate lawyer. To leave me with feedback or comments, please email me at [email protected]
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Be Intentional with the Geometry of Wealth
Wealth planning can be very complex if we want it to be. Many advisors make it very complex to the point it can be very intimidating for us, the healthcare professionals. But it does not have to be. Parth Shah had drilled it down to simple geometries that we all are familiar with: The Square, the...
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The future of the real-estate market in Canada and how Multi-family assets will perform?
You already know my penchant towards real-estate as an asset. It is a good asset to hold. Most Canadians believe so as well. But how healthy is our Canadian market? Where are the opportunities? What types of real-estate investments are available beyond owning a rental unit? This episode with Ray...
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Pitfalls to avoid if/when you become a physician landlord
This is the first episode of a 2-part series about the legal pitfalls of being a physician landlord. If/when you become a real-estate investor and desire passive income through rental properties, there are many traps to avoid. Prevention is really the best medicine. This episode complements the...
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Code Green Financial Conference Special: Do you aspire to be a "Physician Landlord"?
Physicians are busy enough at their regular day (and maybe) night job. We do not need another gig? or do we? Many aspire to own real-estate and make passive income from it. It is not easy. It can be fairly complicated or complex. Dr. Mike Long shares with us his 30 years of experience as a...
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Code Green Financial Conference Special: What are Electronic Traded Funds (ETF)?
In this episode, one of the co-founders of Code Green Financial Conference, Dr. Roger Sen, explains and discusses ETFs. The "What", "How" and "When" of investing in ETFs. To register for the Code Green Conference, please visit www.codegreenfinancial.com To leave me with your comments, please use...
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Alternative ways to invest in real-estate
Many people, including physicians, enjoy real-estate as an asset class. There are more than 1 way to invest in real-estate. Today, we discuss one of them. They Why, What, and How. To leave me with your feedback, please email me at [email protected] Please also visit www.codegreenfinancial.com…
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Inaccuracies promoted about The Healthcare of Ontario Pension Plan (HOOPP)
Since the Healthcare of Ontario Pension Plan (HOOPP) made itself available to incorporated physicians in Ontario, many experts and podcasters have discussed it in the public realm. I have heard many inaccuracies and my hope is to address them in this episode with the help of my friend and…
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Legal questions we should solve before purchasing real-estate property
Real-estate is an asset everyone wants to own in the investment portfolio. There are lots to like about owning real-estate. There are many legal questions that must be answered before signing on the purchase agreement's dotted line. Know what they are. To leave comments or feedback, please email…
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Have you thought about your own Will and Estate Planning, dear doctor?
It is very interesting that as healthcare professionals who deal with illness, disability, and Death everyday of our lives we very commonly are ill prepared ourselves to face these life events, especially when it comes to planning for legal matters. In tis episode, we will dive a bit into the...
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Conversation with the Savvy Physician himself Dr. Ketan Kulkarni
In this episode, we will pick the brain of the Savvy Physician, someone who has shared with our community his learnings throughout the years about personal finance. Dr. Kulkarni has written a book that is making very positive impact with colleagues. I hope we can absorb some of his wisdom today.…
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The original Finance Medical Teacher - Dr. Michael Varenbut
This episode, I am having a conversation with Dr. Varenbut about his impetus for writing his book about personal finance for Canadian physicians. We will learn from his experience and wisdom surrounding the topic of financial wellness among members of our community. I am certain many will walk…
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Financial Planning is like Advanced Care Planning in Palliative Care - just Essential!
We have a fireside chat with my good buddy Pratik and we discuss his approach to his career, personal life, and financial journey. Pratik shares with us his learnings and also many golden nuggets. Nobody teaches us these life lessons. We kinda have to learn these as we go. Sadly, many of us still...
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Physicians are more than just physicians - some of us are also entrepreneurs
Physicians have skills that can be applied to many industries and sectors of the economy. Many of us have followed our passion or calling. Many of us can still do this while working our day job. To leave me with your feedback or comments, please email me at [email protected] To reach me for...
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Oh doctor...don't forget about the taxes!
While I am not an accountant, I like to learn about taxes in Canada. This is because it allows me to better properly plan my financial life. I recognize many of us in the medical community shy away from learning about taxes that impact us. It is not in our best interest. It is essential to...
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Our International Medical Graduate (IMG) colleagues face different financial challenges
I have many colleagues who have done their medicine in other countries. They have struggled tremendously before succeeding here in Canada. Many of their struggles are not unlike the Canadian trained physicians. However, they face other additional challenges. In this episode, I am chatting with...
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Momentum for financial literacy among HCPs is rising - how to build on it?
In this episode, I am having a conversation with Dr. Milad Modabber, an ophthalmologist who shares the same interest and passion for making financial literacy a part of our medical training. We will understand why he thinks so and how we can work towards this goal. If you have any comments or...
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The future is so bright, I need to wear my shades (thanks to Trump's tariffs)
There is no doubt we are facing a scenario that no one has ever seen before. The tumultuousness of the economy and markets at the hand of 1 person and his policies is unparalleled. Despite the uncertainty, a few silver linings are beginning to emerge. The future in Canada, in the US, and across…
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The impact on the market (and your portfolio) from Trump and his Presidency
It is now official and Trump has been inaugurated as the President of the USA. Even before he was inaugurated, he had an impact on the stock market. He will continue to have impact on the market over the next 4 years (and maybe even beyond). What does this mean for your portfolio? What does this...
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Entrepreneurship intersects with Medicine
Many physicians I know have lots of great ideas and passion. Very few of us know how to convert these ideas and passion into reality. There are many explanations for this and I believe mindset is the major obstacle. Second is fear. Third is the lack of know-how. In this episode, we will have a...
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Physicians are investigating pension plans - they need to do their due diligence on Specified Multi-Employer Pension Plan (SMEPP)
**** Disclosure***** Myself (Vu Kiet Tran) and Mr. Jean-Pierre Laporte are co-founders of the Canadian Physicians' Pension Plan. Over the last 2-3 years, several pension plans for physicians have come onto the Canadian market. Physicians are now more concerned with their retirement and financial...
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What is the Healthcare of Ontario Pension Plan (HOOPP) and is it a good fit for incorporated physicians of today?
The Healthcare of Ontario Pension Plan (HOOPP) will welcome Ontario incorporated physicians on January 2nd, 2025. For more than 60 years, HOOPP has been providing secure pensions to Ontario healthcare workers. With more than 460,000 members and 670 participating employers across the province,...
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Infinite Banking - strategy revealed
Many have heard of the terms "Infinite Banking", "Bank on Yourself", and "Be Your Own Bank". They are the same and describes a strategy using Whole Life insurance. What is it? What are the benefits? What are the drawbacks? Who can use this strategy? We will reveal all this in this episode. The…
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Another tool in your corporate toolbox - What is a Health Spending Account (HSA)?
Small business owners (which incorporated physicians are) can help their employees with health and medical bills via a Health Spending Account (HSA). It is a benefit that is tax deductible to the corporation. How can it be used? What are the indications? Who can use it? What can it be used for?...
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What are Alternative Assets and should I consider them?
Most of us are invested in the "market" in traditional assets such as stocks, ETFs, and bonds. Our investment portfolio ride the roller-coaster that is the market. Can we invest in assets that are not correlated to this roller-coaster? The answer is "yes". One way to diversify our investment...
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Marketing inaccuracies about pension plans "designed" for physicians - Part 3
Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as...
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What does the increase in the Capital Gains Inclusion Rate mean for me and my family?
You have heard of the new Canadian federal budget that increased the Inclusion Rate on the Capital Gains tax. It finally went into effect on June 25th, 2024. Physicians were given the right to incorporate their practices in lieu of a salary increase. Consequently, many physicians saved their…
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Marketing inaccuracies about pension plans "designed" for physicians - Part 2
Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as...
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Marketing inaccuracies about pension plans "designed" for physicians - Part 1
Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as...
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Financial fluency for healthcare professionals - an intimate conversation with Sandy Pollack
We have Sandy back again to help us dive into understanding the importance of financial fluency for physicians and other healthcare professionals. If you want to leave me with feedback and comments, please email me at [email protected]
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Confession of your podcast host Vu.
In this episode, I am being interviewed by the David MacNicol, host of Lighthouse Outlook Podcast. We go into more private questions about me and how I came to create "How is my financial health, doc?". We also discuss the financial challenges of physicians and why this is so. I discuss the...
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Technical Analysis and investing in the market: a conversation with Dr. Roger Sen
I welcome my friend Dr. Roger Sen to share with us his most recent passion and joy, which has become an income source for him. Dr. Sen has learned a new skill. We all can learn a new skill. he has developed his passion. We can all develop and nurture our passion. Who knows, someday, it can even...
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Don't leave a mess - How to disaster-proof you family legacy. A conversation with Sandy Pollack
In this episode, we will have a very informative and generative discussion with my guest Sandy Pollack about what it means to make wise choices for your career and business that not only protect what you have worked so hard to build but reflect your why. Please send me your comments and feedback…
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If you are a researcher (big "R" and small "r"), you need to know this: SR&ED
Physicians typically do not just wear one hat. Many of us tries to wear many hats at the same time (to our detriment). Don't worry, I do this too. Some of us also wear the hat of a researcher (either big "R" or small "r"). However, most of us do not know we can be compensated by the government…
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The Options market: an awareness-building episode for most of us.
Some of us have learned how to trade in the market. However, many of us have never heard of the Options market. What is it? What does it do? This awareness building episode on Options is just the place to get acquainted with it. I am also launching my Executive/leadership/personal coaching…
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You don't think you need it until you actually need it: Disability Insurance (DI)
Disability Insurance (DI) is one of those things in life that you do not think you need it until you really need it. And by then, you wished you had it. We will dive deep into the topic of DI with Saad Nadeem. To leave me with feedback or comments, please email me at [email protected] To learn...
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Real-estate investing that can be aligned with the lifestyle of a busy healthcare professional: Pre-construction real-estate investing
With my real-estate agent and friend, Vy Ngo, we discuss the inner workings of investing in pre-construction real-estate. To leave me with feedback or comments, please email me at [email protected] To learn more about the conference... The Code Green Financial Literacy Conference. Feb 2nd…
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Promotional content: Code Green Financial Literacy Conference
Dr. Roger Sen, Dr. Michael Long, and myself created a financial literacy conference for physicians and dentists. The Code Green Financial Literacy Conference. Feb 2nd, 2024. Novotel Hotel, North York, Ontario Designed by physicians, for physicians. Early bird special until Dec 31st, 2023. Visit…
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Top 10 financial mistakes made by physicians in late-stage career - Part 2
We did episodes on "Top 10 financial mistakes" made by physicians in early and mid-stage career. Late-stage physicians need not feel left out. Here is an episode for the late-stage career physicians. It is important to recognize that most of the financial mistakes in late-stage career are...
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Top 10 financial mistakes made by physicians in late-stage career - Part 1
We did episodes on "Top 10 financial mistakes" made by physicians in early and mid-stage career. Late-stage physicians need not feel left out. Here is an episode for the late-stage career physicians. It is important to recognize that most of the financial mistakes in late-stage career are...
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Code Green Financial Literacy Conference for physicians
This is an advertisement for a financial literacy conference Dr. Sen, Dr. Long, and myself have created for physicians. This conference was designed by physicians for physicians, discussing person finance topics geared for physicians. Hope to see you there! The early bird special end on December...
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The new Canadian physician Multi-Employer Pension Plan (MEPP): What is really underneath the hood?
Canadian physicians have recently been heavily promoted on a new Multi-Employer Pension Plan (MEPP). What is this new MEPP? How is it structured? How do physicians fund it? What are the benefits? What are the drawbacks? Let's look beyond the sales and marketing information. Let's look underneath...
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Top 10 financial mistakes made by mid-career physicians
Physicians and almost all providers in healthcare have very poor financial literacy. It is very common for us to make financial mistakes. The sad news is that most of us are not even aware of them. As we progress in our career, we hope that we finally "arrived". We might have done so…
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Financial mistakes you did not even know you made - Where are your financial blind spots?
As physicians, we make a lot of financial mistakes. Some of us are aware, but most of us are not aware we are making them. This is because we have blinders on. We are lead astray by our cognitive traps. In this podcast, we discuss of some them with Dr. Ketan Kulkarni. To leave your comments…
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What was appropriate prior to 2014 is no longer applicable in 2023: Dividend only strategy
Many of our colleagues have been instructed by accountants to use a "Dividends Only" strategy to take money into the personal hands. This strategy may be valid for some, but not for most (at least not after 2014). Unfortunately, despite the changes in the law, our colleagues have not been...
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Things you should know about retail banking - Confessions of an Ex-banker (Part 2)
Many of us use banks. But most of us don't understand the banking industry. I surely don't understand fully the industry myself. That is why we have a guest on today to explain the underbelly of the banking industry and what the banks don't want you to know. This conversation with an ex-banker is...
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Special Edition 5: What is the Canadian Physicians’ Pension Plan (Question from accountants)?
We all Canadian physicians have been yearning for a pension plan for the profession for approximately 120 years. No one has taken the time or given the effort to create one for us. That time has come. I, the co-founder of the Canadian Physicians' Pension Plan, have designed one that meet the…
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Things you should know about retail banking - Confessions of an Ex-banker (Part 1)
Many of us use banks. But most of us don't understand the banking industry. I surely don't understand fully the industry myself. That is why we have a guest on today to explain the underbelly of the banking industry and what the banks don't want you to know. This conversation with an ex-banker is...
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Frequently Asked Questions
How many episodes does How is my Financial Health, Doc? have?
How is my Financial Health, Doc? currently has 100 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is How is my Financial Health, Doc? about?
A show where questions on personal finance from Healthcare Professionals are never a taboo.
How often does How is my Financial Health, Doc? release new episodes?
How is my Financial Health, Doc? has 100 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to How is my Financial Health, Doc??
You can listen to How is my Financial Health, Doc? on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts How is my Financial Health, Doc??
How is my Financial Health, Doc? is created and hosted by Vu Kiet Tran.
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