A Clean Bill of Wealth with Galen Nuttall
Business:Investing
Welcome to my first solo episode!
I talk about why traditional financial planning does not work for Canadian physicians.
I have a private Facebook group specifically for Canadian Physicians and I opened up a poll in there asking which concepts people wanted me to cover.
The ones that rose to the top were
- Paying off debt or investing
- How to make the most of my corporation
- Whole life versus term life insurance
- How to create my own pension
I will cover those, but realized before I do, it's very important to understand why so much of the advice out there does not apply to the reality of the Canadian physician.
The main reason is because of the corporate structure. Most physicians I meet are incorporated or should be incorporated. This adds a layer of complexity that makes simple questions now more complex.
Once a physician is incorporated, a whole new slew of questions arises. How much should I pay myself and how? Should I retain earnings in my corporation? How can I invest inside of my corporation in a way that is tax efficient?
I will cover these topics in future episodes, but first this episode is all about framing financial advice in a way that works for physicians.
If you have any questions about the work I do, or would like to schedule a no-obligation call to see if you are a good fit for my services, go to: www.galenhelpsdocs.com
Physician Empowerment and Real Estate Investing with Kevin Mailo, MD
A Female Physician’s Perspective on Personal Finances and Intergenerational Wealth
Coaching for Physicians who feel disconnected from their purpose with Dr. Randy Cook
The Art and Science of Sleeping Better with Sleep Coach Janet Whalen
What to do when the hospital doesn‘t love you back with Dr. Jimmy Turner, The Physician Philosopher
Building Trust and Teamwork in a clinical setting with Michele Hannay
Helping overachievers find clarity and get unstuck from overwhelm with Dr. Annie Gallie
Eletronic Health Records Software That Actually Works with Dr. Sam Gharbi of Arya Health
Beating Burnout and Overcoming Anxiety with Dr. Ana Blake
Ep 21. Launch or Grow Your Side Business with Dr. Dena George
Spend less time charting and more time doing what you love with Dr. Sarah Smith
Enhanced Productivity and the Four Tendencies with Gretchen Rubin
Weight Solutions for Physicians: Take Back Control with Dr. Siobhan Key
Making better money decisions using Behavioural Economics with Dr. Michelle Hilscher
'Fair Play' with NYT bestselling author, Eve Rodsky
Gender pay gap in the house of medicine. Origins, actual situation, and next steps with Dr. Michelle Cohen
Pursuing passion projects and financial planning tips for physicians with Dr. Ken Milne
Money Mindset with financial coach and strategist Tawny Powell
Relationships and Love for Busy Professionals with Sabrina La Vista
Mistakes couples make with their money! With David Parker
Create your
podcast in
minutes
It is Free
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast