The Chiro Money Show

A trillion dollars is expected to transfer from Baby Boomers to their children between 2023 and 2026 — one of the largest generational wealth transfers in Canadian history. But should that change how you're managing your own finances today? In this episode, Scott and Chris unpack what the data actually shows about inheritances in Canada, why building your retirement plan around one is risky, and what to do instead. They also dig into the conversations most families avoid having — the ones that can make or break how smoothly wealth gets passed on. If you're expecting an inheritance someday, or wondering how to think about your parents' estate, this one's worth a listen.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Dr. Parm Rai — chiropractor, founder of Lux Talks, and 22-year practice veteran — joins Scott and Chris to unpack the difference between looking rich and actually being wealthy. From his origin story in El Salvador (where he watched a woman walk for the first time in years after a Gonstead adjustment) to his decade-long delayed gratification on a Porsche 911, Dr. Parm shares the mindset that's shaped both his practice and his personal finances.This conversation is a must-listen if you've ever felt the pull to show success before you've actually built it. Dr. Parm breaks down why "balance" is really just trade-offs, why weekly meetings with his wife and business partner are non-negotiable, and why running worst-case scenarios is the foundation of real financial freedom. If you're a chiropractor or practice owner trying to build something that lasts — without sacrificing family dinners or your sanity — this one's for you.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.caConnect with Dr. Parm Rai🌐 RAI Chiropractic → Restore. Align. Inspire. https://www.instagram.com/raichiropractic/https://www.instagram.com/drparmrai/🎤 Lux Talks → www.luxtalks.ca | https://www.instagram.com/luxtalks.ca/

Twenty years of financial planning experience between two advisors is bound to change a few opinions. In this episode, Scott and Chris get candid about the advice they used to give — on TFSAs, insurance riders, savings rates, cash flow planning, and paying into CPP — and how their thinking has shifted over time. Some of these are subtle evolutions, others are full 180s.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

If you had to hire a chiropractor tomorrow to come in and take over your patient volume — just the adjustments, not the management, not the business decisions — what would you have to pay them? And after that, would there be anything left over?In this episode, we walk through a real-world example of a practice owner (we'll call him John) who's bringing in about $300,000 a year in revenue, carrying 60% overhead, and paying himself $100,000. That's only 35% of what he's actually generating — which is less than what most associates would accept as a split.We break down how to think about your compensation in three parts: what you're worth as a chiropractor, what you should earn for managing the business, and what profit you deserve for taking on the financial risk of ownership. We also talk about the Profit First system, why "whatever's left over" isn't a pay strategy, and whether practice ownership is actually the right path for everyone.If you've never done the napkin math on your own replacement cost, this episode will make you think.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Should you throw your extra cash at the mortgage or put it to work in the market? On pure math, investing that extra $500/month wins by almost $80,000 over 20 years — but the math doesn't account for how you'll actually behave when markets drop 30%. We break down the numbers decade by decade, talk about why Morgan Housel calls paying off his mortgage the best money decision he ever made despite it being the worst financial one, and help you figure out which side of this debate is right for your situation.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Running a chiropractic practice means you're also running a business — but most practitioners were never taught how. In this episode, we sit down with April Stroink, certified CFO and founder of the Money Fix Institute, to talk about what it actually takes to get a handle on your practice finances. April shares her own hard-won story of financial chaos in a retail business she owned, and how that experience shaped her mission to help health and wellness practitioners build real financial systems.We cover what it means to be the Chief Financial Wellness Officer of your own practice, how to build a wealth care team (bookkeeper, CPA, advisor) that actually works together, why chasing top-line revenue often makes cash flow problems worse, and why margin of safety — not just more patients — is the move in 2026. If you've been avoiding your numbers, this one's for you.Learn more and connect with April Stroink!🌐 Website → https://aprilstroink.ca/💼 LinkedIn → https://www.linkedin.com/in/april-stroink-2b11a411a/📸 Instagram → https://www.instagram.com/aprilstroink/📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Most chiropractors have some version of a financial team — an accountant, an advisor, maybe an insurance broker. But knowing who's on your team is very different from knowing whose side they're actually on. The professionals in your financial corner aren't all incentivized the same way, and if you've never stopped to ask how they get paid, you might be surprised by what you find. In this episode, Scott and Chris break down how to evaluate the people managing your money — and make sure their interests are actually aligned with yours.They cover what a great accountant really does (it's not just saying yes to everything), the January 2026 regulatory changes now requiring investment statements to clearly show advisor fees in dollar terms, and the four questions every chiropractor should ask before hiring any financial professional. If your advisor can't clearly explain how they get paid — that's your answer.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Is critical illness insurance actually critical to have? In this episode, Scott and Chris dig into what a CI policy is, how it works, and whether it deserves a place in your financial plan — even if you're young, healthy, and think you've got it covered. Scott makes the case for why he's had coverage in place since age 25, shares a personal story about his mom's cancer diagnosis, and breaks down key considerations like corporate vs. personal ownership and how CI can work alongside your disability policy. Chris comes in as the skeptic — and might just leave a convert.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Every investor has opinions — but do you have actual guiding principles? In this episode, we walk through a real client conversation that revealed a critical gap between having an investment philosophy and actually following it when things get interesting. We break down the six guiding principles that drive every investment decision we make at Align Wealth, from avoiding market timing to managing your behavior when markets get scary. If you've never written down your investment mandate, this episode will show you exactly why you need one — and what it should include.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

In this episode, Scott and Chris sit down with Dr. Kyla Butz, a newly licensed chiropractor and Palmer graduate who has been documenting her journey from chiropractic student to first-year practitioner. Dr. Kyla opens up about the real financial realities of studying in the U.S. as a Canadian student — navigating exchange rates, student loans, and unexpected startup costs that hit the moment she graduated. She also shares how building her personal brand on Instagram helped her hit the ground running in practice, and why mentorship has been one of the most valuable investments she's made in her career. If you're a chiropractic student, new grad, or early-career chiropractor wondering what the transition really looks like, this one is for you.Follow Dr. Kyla Butz on Instagram → https://www.instagram.com/chirokyla/📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Can ChatGPT actually replace your financial advisor? In this episode, Scott puts AI to the test — feeding a detailed chiropractor scenario into an AI tool to see what kind of financial plan it would produce. The results were surprising, sometimes solid, and sometimes way off base. Tune in to hear what AI got right, where it fell short, and why "it depends" will always be the most important phrase in personal finance.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

With the Olympics underway, Scott and Chris put a fun spin on personal finance by drafting their ultimate "starting lineups" for financial success — using hockey positions. From offense (growth mindset, global investing, strong fundamentals) to defense (emergency funds, disability insurance, resilience) to the all-important goalie (life insurance, estate planning, and accountability partners), this episode breaks down what it really takes to win gold in your financial life. Tune in to see which lineup you'd draft.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth →www.alignwealth.ca

2025 was a wild ride in the markets—from Liberation Day chaos to all-time highs just 12 weeks later. In this episode, Scott recaps the year's biggest surprises, including why emerging markets beat the S&P 500 for the first time since 2017, what happened with Bitcoin and gold, and the critical behavioral lessons every long-term investor needs to remember heading into 2026.Chapters:0:00 – Introduction & Listener Shoutout3:45 – 2025 Market Overview: A Year of Headlines6:20 – Silver, Gold & Bitcoin: The Speculative Standouts10:15 – The Best Performing Asset Class of 202513:40 – Liberation Day: Market Crash to Recovery in 12 Weeks17:50 – The Bumpy Road to Long-Term Averages21:30 – Action Items: Portfolio Check, Strategy & Ignoring the Noise📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Warren Buffett retired as CEO of Berkshire Hathaway at age 95, ending six decades of legendary investing. We break down three timeless lessons from the GOAT that every chiropractor can apply to their wealth-building journey.What we cover: ✓ Time in the market beats timing the market ✓ Keep costs low and avoid complexity (plus his $1M bet against hedge funds) ✓ Behaviour matters more than strategyPlus: Buffett's $3 McDonald's breakfast, his five-Coke-a-day habit, and why he still lives in his $31,000 house from 1958.Key Takeaway: You don't need to be Warren Buffett. You just need to follow the simple principles he recommends—low-cost index funds, long holding periods, and disciplined behavior.

Tax planning doesn’t have to be complicated — but it does have to be intentional.In this episode of The Chiro Money Show, Scott Campbell and Chris Scheele from Align Wealth walk through foundational tax planning for chiropractors at every stage of their career — from new grads and associates, to practice owners in the long middle, all the way to those thinking about scaling back or exiting practice.This isn’t about loopholes, fancy write-offs, or pushing the limits with the CRA. It’s about understanding how tax planning actually works, avoiding common mistakes, and building systems that reduce stress and create long-term flexibility.In this episode, we cover:The difference between tax planning and tax filingWhat new grads and associates need to get right earlyWhen (and why) incorporating actually makes senseWhy using your practice like an ATM causes tax headachesSalary vs dividends and how compensation decisions compound over timeHow RRSPs, TFSAs, FHSAs, CPP, and corporate investing fit togetherCommon mid-career tax mistakes we see chiropractors makeWhat to start thinking about years before selling or exiting a practiceIf you want fewer tax surprises, better clarity around your income, and a long-term plan that supports both your lifestyle and your future — this episode is for you.

Why do personal finance topics get so heated? In this episode, we tackle five controversial debates that often spark intense disagreement—renting vs. buying, dividend investing, the FIRE movement, permanent insurance, and more. We break down the math, the emotions, and the identity pieces that make these topics so polarizing.From understanding why renting isn't "throwing money away" to exploring the hidden costs of homeownership, debunking dividend investing myths, and examining the extreme frugality of FIRE, we're giving you both sides so you can make informed decisions that work for YOUR life—not what society tells you to do.Chapters:0:00 - Intro & Updates (RIP Tamagotchi)1:11 - Why These Topics Are So Controversial1:29 - Renting vs. Buying: The Identity Question14:43 - Dividend Investing: Free Money or Tax Trap?23:33 - FIRE Movement: Financial Independence or Life Sacrifice?29:52 - Permanent Insurance: Investment Strategy or Oversold Product?36:40 - Wrap Up: Personal Finance is Personal📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Market crashes are inevitable—but are you prepared? In this episode, we break down how to build a portfolio and mindset that can weather any storm. We explore why crashes happen more often than you think (every 3-4 years on average), the psychology behind investor panic, and five essential pillars to help you stay invested for the long haul. Whether you're a seasoned investor or just getting started, this episode will help you understand that the best crash-proof strategy isn't avoiding crashes—it's being positioned to handle them when they come.📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp🌐 Learn more about Align Wealth → www.alignwealth.ca

Should you try to time the market or just stay invested? In this episode, we break down why successful investing isn't about finding the next hot stock or timing market crashes—it's about sticking to a strategy that already works. We explore the three fundamentals of evidence-based investing, why professional fund managers can't consistently beat the market, and how emotions destroy more wealth than bad investments ever could. If you've been waiting for the "right time" to invest or wondering if your strategy is too simple, this episode will change how you think about building long-term wealth.Chapters:0:00 - Welcome back & New Zealand highlights2:05 - Why we finally need to talk about investing4:10 - Why we invest in the first place7:58 - The three fundamentals: Why investing is "solved"10:34 - Active vs. passive management explained15:05 - The March 2020 story: When timing the market backfires19:52 - The emotional roller coaster of investing25:16 - What evidence-based investing really means29:34 - Setting up your investment strategy31:18 - Common objections: "It feels too simple" & "What if markets crash?"📊 Take the Financial Clarity Assessment 📸 Follow Scott Campbell on Instagram 🌐 Learn more about Align Wealth

Why Your Investment Returns Are Lower Than You Think (And What To Do About It)Most investors believe success comes from picking winning stocks or timing the market perfectly. But the data tells a different story: the average equity investor earns 2-3% less per year than their actual investments return. The culprit? Human behavior.In this episode, we break down the most common behavioral biases that sabotage long-term investment success—from overconfidence and recency bias to the sunk cost fallacy and home country bias. Through real conversations with chiropractors and clients, we reveal how these mental traps show up in everyday investing decisions and, more importantly, how to build a strategy that keeps you on track.If you're serious about building wealth, this episode will shift how you think about investing forever.Chapters:00:09 - Welcome & Introduction02:45 - The Behavior Gap: Why Investors Underperform Their Own Investments05:20 - Seven Common Investment Biases Explained08:15 - Real Story #1: The 100% US Equity Investor11:30 - Real Story #2: All-In on Cryptocurrency14:45 - Real Story #3: Holding Onto Losing Stocks17:20 - Home Country Bias: Why Canadians Overweight Canada20:35 - Seven Takeaways for Better Investing26:10 - Closing Thoughts & Mailbag Invitation📊 Take the Financial Clarity Assessment Here📸 Follow Scott Campbell on Instagram 🌐 Learn more about Align Wealth

Why does financial alignment with your spouse matter more than perfect investment returns or tax strategies?In this episode, Chris and Scott break down why the happiest couples aren't necessarily the richest—they're just the most aligned. Drawing from real client examples, they explore what true financial partnership looks like and share the powerful 5Cs framework for making major financial decisions together.Whether you're the spreadsheet person or not, this conversation will help you build a stronger financial team with your partner.CHAPTERS:00:00 - Introduction00:20 - Why Financial Alignment Matters More Than Returns01:27 - What an Aligned Couple Looks Like03:26 - The Disconnected Couple: Red Flags to Watch For05:07 - Money Fights & Divorce: Why Even Billionaires Struggle06:47 - Minimum Financial Knowledge Every Partner Should Have08:25 - Getting Aligned on Vision, Spending & Visibility11:15 - Communication, Roles & Division of Labor12:52 - The 5Cs Framework for Financial Decisions21:04 - Consequences: Best & Worst Case Scenarios23:09 - Common Objections: "My Spouse Isn't Interested"27:00 - What to Do When Money Talks Cause Fights28:11 - Key Takeaways & Action Steps📊 Take the Financial Clarity Assessment Here 📸 Follow Scott Campbell on Instagram 🌐 Learn more about Align Wealth

Most people spend their lives saving for “someday.” But what if you’re saving so much for the future that you’re missing the best years of your life right now?In this episode, Scott and Chris unpack the core ideas from Die With Zero by Bill Perkins — how to find the balance between living fully today and planning responsibly for tomorrow. They dive into the relationship between money, health, and time; how to build life “buckets” for experiences; and why the most thoughtful inheritance might be the one you give (or live) while you’re still here.If you’ve ever wondered how to spend intentionally without guilt — or when you’ve finally done enough saving — this one’s for you.Take the Financial CLARITY Assessment here.

Most chiropractors don’t need another budget—they need a system that actually works with how humans spend.In this episode, Scott and Chris break down behavioural cash flow planning—a practical system designed to help you spend better, stress less, and finally feel in control of your money.They’ll walk through a real case study to show how separating your committed expenses from your spendable money creates clarity, confidence, and progress toward your goals.Whether you’re tired of tracking every dollar or just want a better way to manage your finances, this is your roadmap to financial calm.Take the Financial CLARITY Assessment here.

Salary vs. dividends—what’s the smartest way for an incorporated chiropractor to pay themselves? In this episode, Scott and Chris break down why treating your corp like an ATM creates CRA surprises, how the “dividend tax trap” happens, and why predictable owner’s pay beats random draws. We unpack salary vs. dividends in plain English (CPP isn’t a “tax,” RRSP room matters), how Profit First helps stabilize your paycheque, and why the right answer depends on your stage of practice and a 30-year tax plan—not just this year’s refund. Canadian context throughout.You’ll learn:• How random draws lead to anxiety, lumpy saving, and surprise tax bills• A simple tax set-aside rule to avoid the dividend trap• When salary often wins (CPP + RRSP room + tax diversification)• Why lifetime tax planning > one-year minimizationChapters:02:00 Corp ≠ ATM08:30 The Dividend Tax Trap (+ an easy fix)12:45 Predictable pay → predictable investing16:00 CPP & RRSP realities (Canada)21:30 Tax diversification and future “levers”23:30 Think 30 years, not 12 months26:30 Takeaways + next stepsTake the free Financial CLARITY Assessment.If you enjoyed this episode, please follow, rate, and share with a chiro friend!

A big income doesn’t equal financial freedom. In this episode, Scott and Chris unpack the real difference between looking rich and building wealth — and show how chiropractors can close the gap without sacrificing the life you want today.You’ll hear how to shift from the no-plan plan to a simple, automated system: pay yourself first, invest consistently, and align your investing with an overall financial and tax plan. We talk habits over hype, why wealth is mostly invisible, and how to start even if you’ve got student debt or a full schedule.Highlights00:00 Welcome and quick banter01:07 Topic setup: income vs freedom01:42 Rich life vs wealthy life03:45 Client story: high income, low wealth05:40 Mapping a plan that builds confidence06:47 Why this happens: time, change, not knowing where to start08:21 There’s never a perfect time — start the habit11:18 Should you invest if you have debt12:19 Liquidity and optionality matter13:01 Rule of thumb: save and invest 15–20 percent of income14:13 Automate deposits so it actually happens17:16 Where to invest and what to buy18:34 The simple philosophy: diversify, keep fees low, stick with it19:44 When to leverage a real planner22:31 Three action steps: awareness, pick an amount, automate24:54 Financial Clarity Assessment and next stepsIf this helped, share it with another chiropractor and leave a quick rating so more docs can find the show.Links📊 Take the Financial Clarity Assessment📧 Book a chat with Scott and Chris📸 Follow Align Wealth on IG: @scottcampbell.fp

What Profit First Looks Like In a Chiro Practice (Without the Headaches)Ever log into your clinic account, see one big number, and make decisions from that alone? That’s bank balance accounting—and it’s why cash flow feels chaotic. In this episode, Scott and Chris break down a simple, behaviour-friendly system (inspired by Mike Michalowicz’s Profit First) that turns your banking into a clear dashboard: profit, owner’s comp, expenses, taxes, and a vault for stability.You’ll learn how to set up the six key accounts, choose starting allocation percentages, create an allocation rhythm, and use real-time feedback to rein in overhead, avoid tax surprises, and pay yourself consistently. We also share a couple of baby steps so you can start today.Highlights00:00 Intro and why cash flow comes first04:14 Scenario 1 vs. 2: bank balance accounting to dashboard clarity08:35 Why we use Profit First and what it is10:44 The small plates idea and the turkey analogy19:11 The six accounts you need24:03 Picking allocation percentages that fit your clinic27:17 Your monthly rhythm for transfers28:24 Outcomes: fewer tax shocks, higher owner’s pay, better control32:54 Baby steps: start with one Profit or Tax accountIf this helped, share it with a chiropractor who’s ready for calmer cash flow and leave a quick rating so more docs can find the show.Resource! PDF to Profit First Structure

You’re seeing patients all day, the clinic looks busy, and revenue’s higher than ever… but somehow, your paycheque still fluctuates — and the stress never goes away. Why does that happen, even when your practice looks successful from the outside?In this episode, Scott and Chris unpack why more revenue doesn’t always equal more stability. They dive into how inconsistent income, messy bookkeeping, and “bank balance decision-making” quietly create chaos — and share the system they use to help chiropractors finally take control of their pay.You’ll hear how simple financial structures (like consistent pay, clear accounts, and a 12-month P&L review) can bring calm to your clinic and confidence to your personal finances. No jargon. No spreadsheets. Just clarity.Share this episode with another chiropractor who’s ready to stop reacting and start leading their finances with intention.Timestamps00:00 – Why money still feels messy, even when practice is good03:40 – The myth of “out-earning” your problems08:13 – Why inconsistency causes stress10:17 – How to create a steady paycheque15:19 – What to review on your P&L18:54 – The power of separating business and personal expenses

You’re seeing patients, paying bills… but does your financial life actually feel stable? In this kickoff episode, Scott and Chris unpack what success really looks like for chiropractors—and how to build it on purpose.You’ll hear the big outcomes we want for every chiro: confidence in decisions, systems that make cash flow calm, an investment plan you can stick to, and the peace to focus on the impact you care about—without sacrificing your future self.If you’ve ever felt “busy but broke” or unsure what to do next, this episode gives you a clear picture of the destination and the first simple step to get moving: awareness.Highlights00:00 – Why start with the end in mind03:31 – Confidence: making strong practice & life decisions06:36 – Systems over budgeting: cash flow you can trust (practice + personal)07:43 – “Living the dream”: designing a life that matches your values11:02 – Investments: the real edge is sticking with the plan13:59 – Peace of mind so you can do the work you love15:26 – “Enough” and work–life balance for owners17:48 – The first step: get awareness of where money goes18:38 – Wrap + what to do nextIf this helped, share it with another chiropractor and leave a quick rating so more docs can find the show.

Welcome to The Chiro Money Show! In this short teaser episode, we introduce ourselves (Chris & Scott), share why we launched this podcast, and what you can expect from upcoming episodes. Our mission is simple: help Canadian chiropractors make smarter financial decisions so you can build stability, profitability, and a lifestyle you love.