Saving for the Near-Term: High Interest Savings Accounts & Beyond
When you earn more income than you spend, the next question is what to do with that extra money. You[…]
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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.
Make a Loan Repayment Plan to Trash Your Debt
Debt can be overwhelming. Particularly when you have multiple different loans. The preceding posts showed how to put debt into[…]
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Income & Happiness: Your Mindset Matters
In the preceding article on income and happiness, I reviewed multiple studies examining the relationship between happiness and income. Increased[…]
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Physician Empowerment Conference 2023
One of the planks of The Loonie Doctor mission is to collaborate with others who share my passion for empowering[…]
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Insurance: Playing the Game Like a Professional
Using insurance to appropriately protect our wealth is part of a comprehensive financial plan. Even though you must interact with[…]
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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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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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