beyond MD with Dr. Yatin Chadha

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: [email protected]

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

Welcome to part 4 of the wealth formula, which focuses on understanding our definition of enough.
We begin with a more philosophical discussion and move to rough numbers later only to help illustrate concepts.
Discussion points:
- introduction (1:33)
- Businessman & fisherman (2:43)
- Research on happiness, income (5:26)
- Understand and visualize your ideal life (11:50)
- What our life could cost (14:04)
- Withdrawal rates, portfolio size (15:52)

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

The 5 Types of Wealth: https://www.the5typesofwealth.com/

Links to videos:
Ben Felix:
https://youtu.be/S9InNdQhFwc?si=RTCDG1wUWvEV7vva 
https://youtu.be/1FwgCRIS0Wg?si=7GKWwIB7r_fyUh23 
Blueprint Financial: 
https://youtu.be/BhlWUkwZoRo?si=ai66rrz0DqV7iGCq 

Yatin's Links:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]
Radiology courses for clinicians:
https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course
https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Papers cited in this episode:
A wandering mind is unhappy:
https://greatergood.berkeley.edu/images/uploads/A_Wandering_Mind_Is_an_Unhappy_Mind.pdf
Income satiation and turning points:
https://www.flightfromperfection.com/files/post_attachments/jebb_et_al_2018.pdf

I love under-discussed & relevant topics, so I'm thrilled to host Dr. Nikhil Patil to discuss SR&ED (Scientific, Research & Experimental Development) credits for Canadian professionals.
Discussion points:
- introduction (1:37)
- what are SR&ED credits? (6:01)
- eligibility with examples (7:42)
- qualifying activities (14:15)
- Impact of other grants (16:22)
- How much can be claimed? (17:31)
- What the SR&ED claim process looks like (21:57)
- Best practices to reduce audits (28:38)
- Where does one start? (34:18)
- Closing thoughts (37:00)

Dr. Nikhil Patil:
[email protected]
https://www.innovotis.com/
https://www.linkedin.com/in/nikhilpatilmd/

Yatin:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]

Many of us have substantial equity in our homes. How can we use it to grow our wealth?
I'm joined by Matt Lee & Ming Lim from Volition properties to unpack HELOCs (home equity line of credit), the Smith Manoeuvre (routine and supercharged), & reverse mortgages.
The episode kicks off by discussing life goals & our why, which is critical to nail down before embarking on any wealth strategy.

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

Discussion points:
Goal setting & our Belize (3:03)
My goals (13:50)
Risks & mitigation in real estate investing (15:55)
HELOCs (24:45)
The Smith Manoeuvre (29:05)
The supercharged Smith Manoeuvre (33:45)
Why the Smith Manoeuvre is not for everyone (39:25)
Reverse mortgages (46:19)
Trends in Toronto multifamily investing (54:54)

Volition Properties: 
https://www.volitionprop.com/
[email protected]
[email protected]

Yatin's Links:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]
Radiology courses for clinicians:
https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course
https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Welcome to part 3 of the wealth formula - investing.
Investing allows us to plant seeds for the live we wish to live - both today and later.
Discussion points:
- Japan (00:00)
- The wealth formula (1:23)
- Return vs effort (2:43)
- The power of time (5:00)
- Focusing on what's in our control (9:48)
- Signal vs noise (11:25)
- Valuation/CAPE ratio (12:56)
- Investing during lost decades (15:50)
- Geographical diversification (18:52)

Useful websites:
https://www.lynalden.com/shiller-pe-cape-ratio/
http://www.econ.yale.edu/~shiller/

Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: [email protected]
Radiology courses for clinicians:
https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course
https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course
Amex credit card referrals: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINCnPBE&XLINK=MYCP