beyond MD with Dr. Yatin Chadha

I am delighted to re share the most popular episode of all time, featuring international best selling author, Andrew Hallam

We have a wide ranging discussion on the pillars of a successful life, the relationships between money & home ownership & happiness, spending money to enhance life satisfaction, evidence-based investing for success & simplicity, relationships, purpose, & lessons learned living abroad.

Discussion Points/Chapters:
- Andrew's background (1:28)
- The requisites of a balanced & successful life (5:23)
- The relationship between income and happiness (7:18)
- How should we spend our money? (10:28)
- The desert island litmus test (15:43)
- Is home ownership associated with happiness? (17:53)
- Is our happiness impacted by the neighbourhood we live in? (21:47)
- How much of our income should we spend on a home? (24:58)
- Why our investment horizon should be 30+ years (26:58)
- Should you lump sum invest now or wait? (31:18)
- Andrew's take on one stop shop ETFs (37:48)
- My investment approach & challenges (42:18)
- Key questions to as a financial advisor (46:09)
- How to think less about $$ and embrace balance (49:48)
- Why relationships are so important (52:47)
- Meaningful relationships in a world where social media is ubiquitous (54:26)
- Lessons from living abroad, advice for those considering it (58:48)
- The power of giving (1:02:18)
- Finding your purpose (1:04:23)
- My perspectives (1:09:03)

Andrew's books:
https://www.amazon.ca/Balance-Invest-Happiness-Health-Wealth/dp/1774580756
https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069
https://www.amazon.ca/Millionaire-Expat-Wealth-Living-Overseas/dp/111941189

Yatin Chadha:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: yatin@beyondmd.ca

Welcome to office hours on beyond MD where I answer the most popular questions I have been receiving.

Question 1: How do I get unstuck and find more joy at work?
Method 1 - shift expectations (0:17)
Method 2 - a dose of perspective (3:08)
Method 3 - find new rabbit holes at work (5:38)
Method 4 - connect work to your life view (9:56)
Method 5 - maintaining our outside interests (13:13)

Question 2: How can one make time for creative work while practicing clinically? (15:25)
The anatomy of an energy audit (17:47)

Question 3: What pushed you do do a fellowship outside of Canada? (22:04)

Yatin Chadha:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: yatin@beyondmd.ca

Today I welcome Jordant Arndt, a Certified Financial Planner from Saskatoon to talk about the science, happiness, and finance behind charitable giving.
Discussion Points:
Jordan's intro (2:07)
How Jordan's interest in charitable giving developed (4:41)
Making charity part of our financial fabric (6:24)
What are key reasons people want to give? (8:51)
Happiness and giving - the evidence (9:58)
Where to begin with finding a charity? (14:35)
Questions to ask charities (17:07)
Finances behind giving - donation tax credits & deductions (18:51)
Writing off taxable income and carry forward (22:08)
Tax efficient donating from corporation (23:05)
Donor advised funds, set up (26:07)
DAF mechanics (28:38)
Closing thoughts (35:00)

This episode is brought to you by Clever Consult: https://www.cleverconsult.ai/

Papers, talks, resources from this episode:
https://wellbeing.research.mcgill.ca/publications/Aknin-et-al-JPSP2013-prosocial-spending-happiness-with-appendix.pdf
https://www.ted.com/talks/elizabeth_dunn_helping_others_makes_us_happier_but_it_matters_how_we_do_it
DAFs:
https://www.givewise.ca/blog/giving-philanthropy/donor-advised-fund-canada-checklist
https://kciphilanthropy.com/wp-content/uploads/2023/05/DAFs-in-Canada-KCI-CAGP-Report-May-2023-2.pdf

Jordan Arndt:
Linkedin: https://www.linkedin.com/in/jordan-arndt-cfp/
Email: jordan@ennsbaxter

Yatin Chadha:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: yatin@beyondmd.ca

Discussion points:
- Assuris history correction (1:00)
- High cash values in early years (2:15)
- Interest on the loan (3:40)
- Life and liquidity (5:32)
- Other considerations (7:25)
- Summary (9:10)

I welcome Donny Mangos - father, entrepreneur, author, and podcaster. Donny shares his perspectives on participating whole life (WL) insurance, with a focus on how to optimize policies and use them while alive.
Discussion points:
Donny's intro (2:35)
Broad perspectives on whole life (WL) insurance (4:55)
When Donny begin to learn about WL (6:55)
Quick overview on WL (9:30)
WL attributes for wealth strategy (12:35)
Other aspects of WL (16:00)
Investments, risk (19:35)
Understanding WL through an illustration (27:44)
Growth rates (37:18)
Good vs bad policies (38:37)
Advisors and commissions (41:44)
Must ask questions (44:29)
"In the money" (45:54)
Liquidity (46:44)
Using a corporate policy personally (53:19)
Multiple buckets (56:52)
Personal vs corporate loans (58:50)
Grey areas (1:00:22)
Who should not do this (1:02:54)

Donny's Links:
Book: https://www.amazon.ca/Get-Wealthed-Up-Build-Mansion/dp/1998528197
Podcast: https://podcasts.apple.com/us/podcast/wealthed-up-with-donny-mangos/id1825202487
Site: https://wealthedup.com/
Email: donny@wealthedup.com

Yatin's Links:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: yatin@beyondmd.ca