Insurance: Basic Rules of the Game
Most people know that they need some insurance. Protection is part of making a comprehensive financial plan. You must buy[…]
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Personal finance blog for Canadian doctors and other high income professionals.
A Canadian physician blog for helping other Canadian physicians learn to manage and improve their financial health, invest, and build wealth to support them in having fulfilling careers and lives.
Video Episode: My Retirement Planning
Join Dr. Zhou & I as we discuss how my wife and I navigated early career, financial independence, our portfolio, and retirement planning.
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Strategies to Withdraw Big Money From Your Corporation Tax Efficiently
Canadian Controlled Private Companies (CCPCs), such as professional corporations, are excellent tax-deferred investing vehicles. However, to withdraw money from a[…]
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Income Splitting Strategies for Canadians
Spreading the income between both partners keeps marginal tax rates as low as possible. Like a sprinkler. Less evaporates via the tax bill and more soaks into the soil of the family plot to nourish your family. Learn how to plan your household’s financial irrigation system to grow your family’s financial garden. Even in the Canadian climate.
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Pay Debt vs Start Your TFSA, RESP, or RRSP?
Most early career professionals are torn by competing priorities. Paying debt vs investing is one of the big dilemmas. Some[…]
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My Net Worth Dropped. My Financial Goals Were Met.
In the preceding post, I unpacked my net worth for you to see and share my insights from that. One[…]
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Unpacking My Net Worth
Net worth is commonly used as a measure of wealth. It is simple to calculate (assets minus liabilties) and the[…]
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Highlights of Year 5: My Blog is Back Alive
When I started the Loonie Doctor in the fall of 2017, I was in oscillating stages of burn-out. Fortunately, the[…]
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Medical Student Debt Repayment in Early Practice
Hopefully, you minimized debt during medical school and controlled it as a resident. Despite that, most physicians will still have[…]
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Dealing With Medical Student & Resident Debt
Medical training comes with a high upfront basic cost. However, you do have choices of how you handle the costs beyond those basics, both now and in the future. I will give some suggestions of how you can make it easier to be okay. Not just okay now, but to make yourself a financial super-power for the rest of your career.
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