Physician Empowerment
Kevin Mailo, Wing Lim, Dimitre Ranev
All episodes
Best episodes
Top 10 Physician Empowerment Episodes
Goodpods has curated a list of the 10 best Physician Empowerment episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Physician Empowerment for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Physician Empowerment episode by adding your comments to the episode page.
58 - Revisiting Capital Gain Investments with Jason Pisesky
Physician Empowerment
12/30/24 • 34 min
PhE is headed to Cancun this February 23 to March 2 for our Health and Wealth Summit! We'd love to have you join: https://www.physempowerment.ca/cancun
—
Dr. Kevin Mailo and Dr. Wing Lim welcome Masterclass faculty member Jason Pisesky back to the show to talk about the recent capital gains changes in Canadian tax policy. Jason is a tax expert with KPMG and he breaks down for Wing why the changes sparked widespread concern among professionals, small business owners, and investors. He and Wing examine the actual impacts, where they were felt most, and what the practical implications of the changes are.
The conversation focuses on the government’s decision to increase the capital gains inclusion rate from 50% to two-thirds for amounts exceeding $250,000 annually, meant only to affect the top 0.13% of Canadians. Jason explains that the policy affects those with significant investments, corporations, and trusts, while individuals have some exemptions. The nine-week notice period left people rushing for solutions, leading to a variety of overreactions, like liquidating assets too early, and responses such as corporate stripping. Jason advises caution against unnecessary asset liquidations that could trigger large, immediate tax bills. Despite the initial panic, Jason reassures listeners that the tax increases are manageable for most with proper planning, emphasizing the importance of consulting experts to avoid unnecessary financial losses.
About Jason Pisesky:
Jason is a tax lawyer with an international accounting firm, KPMG. His practice background is extensive and includes personal and corporate tax planning as well as litigation and dispute resolution. Whether you are scaling up your practice or winding it down, proper coordination between a tax lawyer and your accountant can ensure you're doing it right.
__
Jason Pisesky:
Physician Empowerment:
- Attend an upcoming Empowerment Retreat
- Join the Physician Empowerment Masterclass now
- Website: PhysEmpowerment.ca
55 - Behind the Curtains: Common Threads amongst the Ultra-wealthy
Physician Empowerment
11/15/24 • 42 min
PhE is headed to Cancun this February 23 to March 2 for our Health and Wealth Summit! We'd love to have you join: https://www.physempowerment.ca/cancun
—
Dr. Wing Lim introduces Physician Empowerment Masterclass faculty members Jason and Simon in a feature called “Behind the Curtain”. Jason Pisesky is a tax lawyer and Simon Wong is a wealth planner and they’ll both be discussing what the ultra wealthy do, a topic which is also a focus in the upcoming Mexico Health and Wealth Summit.
Simon and Jason talk with Wing about how the wealthy deal with their finances and what the current mindsets are. Some things they address are the shift from wealth accumulation to wealth preservation, mitigating risk, investment strategy and remaining level-headed, and how to select the right financial advisors for a team designed to manage assets for us. They detail who should be on the wealth building and planning team and why, and they discuss how to align wealth intentions to planning an end goal. This episode is full of sound advice and serves as an example of the in-depth topics covered in the Mexico summit.
About Jason Pisesky:
Jason is a tax lawyer with an international accounting firm, KPMG. His practice background is extensive and includes personal and corporate tax-planning as well as litigation and dispute resolution. Whether you are scaling up your practice or winding it down, proper coordination between a tax lawyer and your accountant can ensure you're doing it right.
About Simon Wong:
As an Integrated Wealth Planner, Simon's expertise lies in simplifying complex financial concepts into clear, actionable insights, forming the cornerstone of his Financial Plans.
Simon specializes in navigating individuals and businesses through the intricate landscape of tax planning and investing, utilizing his extensive knowledge and experience to foster their financial success and stability.
—
Physician Empowerment:
- Join the Physician Empowerment Masterclass now
- Website: PhysEmpowerment.ca
48 - Mythbusters in the Financial Marketplace with Nick Giovannetti
Physician Empowerment
07/30/24 • 45 min
Dr. Wing Lim hosts Physician Empowerment Masterclass Faculty Member and Certified Financial Planner Nick Giovannetti in a myth-busting conversation on the financial marketplace. Win and Nick discuss the good and bad aspects of the industry, what to look for, how to verify information, and why research is important before entrusting your wealth to an advisor or team.
Nick Giovannetti explains that the relative ease with which licensing can be attained in the financial industry leads to some advisors not being proficient in areas where they may claim proficiency. He advises anyone looking to work with a financial advisor to perform due diligence - to search how long somebody has been insurance licensed or, if they are less experienced, do they have a good team around them. It’s alright to ask questions about somebody’s abilities. Wing and Nick talk about why everyone should background check where information is coming from, perform peer review, encourage the financial team members to work together, and why we should not be afraid to explore other financial planning options if we’ve outgrown our current team. This episode myth-busts common misconceptions, addresses concerns, and offers sound advice on everything in the financial marketplace.
–
About Nick Giovannetti:
Nick is a Certified Financial Planner® with a fully Integrated Wealth Planning Team. His approach to financial planning centers around a deep understanding of clients' goals and objectives, fostering long-term relationships built on trust and transparency.
Nick is one of the professional Masterclass Faculty members of Physician Empowerment.
__
Contact Nick Giovannetti:
Physician Empowerment:
- Attend an upcoming Empowerment Retreat
- Join the Physician Empowerment Masterclass now
- Website: PhysEmpowerment.ca
47 - Implementing AI in the Medical Practice
Physician Empowerment
07/15/24 • 25 min
Dr. Kevin Mailo is joined by physician and entrepreneur Dr. Amjed (AJ) Kadhim-Saleh. AJ has a remarkable story to share because he is not only a family physician in Toronto who built his own clinic in his second year of residency, but an AI entrepreneur as well. He and his wife are the founders of Pippen, an AI technology specifically designed to ease the administrative notes burden of physicians. He tells Kevin all about how it works and why it will revolutionize physician lives.
Dr. Kadhim-Saleh describes how building and managing his own clinic from the ground up was a big challenge that added an extra administrative burden to his days. He says that one of the largest unpaid administrative burdens is one that faces all physicians: taking patient notes. The extra time drain from that pushed him towards burnout. So he and his wife created an AI that works in the background of patient conversations, transcribes, and takes notes. It frees physicians from being stuck to a screen taking notes instead of facing patients and conversing and eases the burden. AJ describes the potential of AI for physicians to Kevin, explaining all the ways in which it is already making their lives easier and the ways it will be incorporated into practices and clinics in the future.
–
About Dr. AJ (Amjed) Kadhim-Saleh:
AJ is a community family physician and clinic owner in Toronto. AJ has a deep understanding of the joys and pains of practicing family medicine, building an efficient practice, and creating workflows that work for family physicians. AJ developed Pippen [AI] so that family physicians could claim back their time, feel supported, and have a great day at work. AJ also wants to help physicians discover the wonder of AI, which is poised to revolutionize how physicians deliver care.
__
Dr. AJ (Amjed) Kadhim-Saleh:
Physician Empowerment:
- Attend an upcoming Empowerment Retreat
- Join the Physician Empowerment Masterclass now
- Website: PhysEmpowerment.ca
46 - Journey to Financial Freedom
Physician Empowerment
06/30/24 • 39 min
Physician Empowerment Masterclass Faculty Member Simon Wong joins Dr. Wing Lim for a conversation about financial freedom. Simon dissects how the interchangeable terms of financial freedom, financial independence, and financial security actually hold rather different meanings and how there are philosophical mindset factors that affect where people see themselves as finally achieving freedom or security. What are the quality of living goals, retirement goals, and wealth ambitions? Simon walks Wing through how all of these affect financial freedom.
Dr. Wing Lim asks the question “When are we free?” which leads Simon to explain that financial freedom is almost impossible to 100% achieve because life will always contain risk. Even a passive income real estate portfolio carries the innate risk of rising interest rates or damage to a property due to fire. But Simon also points out that feeling 100% secure in whatever the projected “freedom” rate is for each individual isn’t necessary because one can experience a sense of financial freedom at 70% certainty or 90% certainty. Simon and Wing discuss all the factors that affect financial freedom, how to think about it, what to set up to make it a future reality, and why a financial planner can assist in setting the right goalposts for hitting that freedom.
–
About Simon Wong:
As an Integrated Wealth Planner, Simon’s expertise lies in simplifying complex financial concepts into clear, actionable insights, forming the cornerstone of his Financial Plans. He specializes in navigating individuals and businesses through the intricate landscape of finance, utilizing his extensive knowledge and experience to foster their financial success and stability.
Simon’s academic and professional credentials, including an MBA in Accounting and a prestigious trio of designations - Certified Financial Planner, Chartered Investment Manager, and Chartered Life Underwriter - empower him to provide holistic and strategic financial advice. His career spans beyond traditional wealth planning, enriched by collaborations with elite asset management firms and a notable tenure at a leading accounting firm.
__
Physician Empowerment:
- Attend an upcoming Empowerment Retreat
- Join the Physician Empowerment Masterclass now
- Website: PhysEmpowerment.ca
43 - Key Skills as We Grow in Our Practice Lives with Dr. Dimitre Ranev
Physician Empowerment
05/15/24 • 27 min
Dr. Kevin Mailo welcomes close friend Dr. Dimitre Ranev back to the podcast to share some practice lessons learned in the past months. Dimitre addresses the value of delegation to medical practice and for mental health. Physician Empowerment has touched on the topic of delegation before but Kevin believes hearing about a subject that is key to growth from different perspectives is a major factor in determining happiness. Delegation can be a challenge but both Dr. Mailo and Dr. Ranev believe it is incredibly valuable.
Delegation, as defined, is the transferring of the responsibility of a task from oneself to somebody else. In studies of health professionals, doctors, and professionals in general, Dimitre found evidence of the advantages of delegating. What Dimitre and Kevin explore is how to delegate, which tasks to consider moving to somebody else, and vitally, who to delegate to. Building a trusted team is the path to being able to delegate with confidence. Having others contribute to getting tasks done increases available time and, by extension, revenue. But it also relieves stress, improves wellness, and allows a focus on the most valuable aspects of the work.
–
About Dr. Dimitre Ranev:
Dr. Ranev is a duly qualified medical practitioner in the province of Ontario and Quebec. His primary practice is in Gatineau, Quebec. He currently specializes in sexual health, LGBTQ+ health, and fertility health. He also provides private consulting for Telus Health in preventative care. He has past experience with home and palliative care as well as Geriatric rehabilitation medicine at Gatineau Hospital. In Ontario, Dr. Ranev has past experience with home care, nursing home care, and student health. He has a special interest in Medical Education being the co-host for the Primary Medicine Podcast and holding a position of Faculty Lecturer at McGill University.
__
Interested in going further in your financial journey? Join our national conference and meet the PhE team live in Toronto this May 25 and 26th: https://www.physempowerment.ca/live
__
Physician Empowerment:
- Register for the Physician Empowerment Live Conference in Toronto on May 25 - 26, 2024
- Join the Physician Empowerment Masterclass now
Bonus Episode - 2024 Federal Tax Budget & Changes - what you must know with Cherry Chan, CPA
Physician Empowerment
05/14/24 • 35 min
Dr. Kevin Mailo introduces Cherry Chan, a renowned author and expert in real estate taxation, who discusses the implications of the 2024 federal budget alongside Dr. Wing Lim. They delve into how the budget targets the wealthy but inadvertently affects the middle class, particularly through the increase in capital gains inclusion rates. Their discussion explores how the changes penalize not just the ultra-rich but also ordinary Canadians who have invested in properties or stocks for long-term financial security.
Cherry Chan and Dr. Wing Lim dissect the budget's effects on both unincorporated individuals and incorporated professionals. They explain how the changes disproportionately affect those who have incorporated their businesses to benefit from lower tax rates, as now, even the first dollar of capital gain within a corporation is subject to the elevated inclusion rate. This shift undermines the previous tax advantages of incorporation, significantly impacting investment strategies and financial planning for professionals like themselves. Cherry’s insights help unpack the changes being instituted and how to approach them.
–
About Cherry Chan, CPA:
As a real estate tax expert, Cherry provides specialized advice to a wide spectrum of clients in the real estate sector, from investors to agents, ensuring tailored solutions for their unique needs. Concurrently, at OTUS Group, she contributes to revolutionizing financial management for non-profits and associations, offering strategic oversight akin to a CFO's role. Cherry’s dual involvement reflects a deep commitment to delivering expert financial guidance across diverse sectors.
__
Interested in going further in your financial journey? Join our national conference and meet the PhE team live in Toronto this May 25 and 26th: https://www.physempowerment.ca/live
__
Physician Empowerment:
- Register for the Physician Empowerment Live Conference in Toronto on May 25 - 26, 2024
- Join the Physician Empowerment Masterclass now
42 - T4 vs T5: Battle of the Taxes
Physician Empowerment
04/30/24 • 41 min
Physician Empowerment Masterclass Faculty Members Nick Giovannetti and Simon Wong, both Certified Financial Planners, join Dr. Wing Lim as he referees a battle royale between T4s (represented by Nick) and T5s (represented by Simon). What’s best for incorporated professionals to pay themselves and why? What are the features of T4s and T5s? What do two financial planners advise? This episode will answer all these questions and prepare for more in-depth explorations in a future Masterclass.
Accountants historically didn’t offer choices between T4s and T5s but the wind is changing, and now there are different champions for each camp. Nick Giovannetti explains Canada Pension Plan benefits that come with a T4 while Simon explores the potential to do better investing on their own, as made possible by a T5. Nick and Simon debate the benefits, challenges, expenses, and lower personal tax rates between the T4 and T5, showcasing both pros and cons from a financial and accounting perspective. This episode seeks to break down in simple terms who would be best served by a T4 versus who would do better with a T5 and why there is such a split between accountants. The information here is expansive, solid, and based on extensive mutual experience. Don’t miss this episode or the Masterclasses each Faculty Member contributes to in the future.
–
About Nick Giovannetti:
Nick is a Certified Financial Planner® with a fully Integrated Wealth Planning Team. His approach to financial planning centers around a deep understanding of clients' goals and objectives, fostering long-term relationships built on trust and transparency.
About Simon Wong:
As an Integrated Wealth Planner, Simon’s expertise lies in simplifying complex financial concepts into clear, actionable insights, forming the cornerstone of his Financial Plans. He specializes in navigating individuals and businesses through the intricate landscape of finance, utilizing his extensive knowledge and experience to foster their financial success and stability.
Simon’s academic and professional credentials, including an MBA in Accounting and a prestigious trio of designations - Certified Financial Planner, Chartered Investment Manager, and Chartered Life Underwriter - empower him to provide holistic and strategic financial advice. His career spans beyond traditional wealth planning, enriched by collaborations with elite asset management firms and a notable tenure at a leading accounting firm.
__
Interested in going further in your financial journey? Join our national conference and meet the PhE team live in Toronto this May 25 and 26th: https://www.physempowerment.ca/live
__
Physician Empowerment:
- Register for the Physician Empowerment Live Conference in Toronto on May 25 - 26, 2024
- Join the Physician Empowerment Masterclass now
41 - Staying inspired through community and shared experience
Physician Empowerment
04/15/24 • 26 min
Physician Empowerment co-founders Dr. Kevin Mailo and Dr. Wing Lim address why the events and masterclasses they hold are key to the foundations of Physician Empowerment overall. The promotion of wellness, health, and transformation in all areas of a physician’s life - mental, financial, leadership, practice - is the impetus behind everything they do. This translates into how they approach events and the focus of masterclasses.
As Wing Lim reminds listeners in this episode, Physician Empowerment was created to form a community and network for peer-to-peer empowerment. He reiterates the four foundational pillars of its existence: 1. Physician wellness, 2. Financial health, 3. Leadership development, and 4. Practice transformation. Those pillars factor into how they present learning in a conversational and community-friendly way. Kevin Mailo stresses that it isn’t just about being better in the future but having that better life now. Wing and Kevin address what they’ve learned from mentors, what they hope to impart to the community, how the masterclasses are designed not just to impart facts but shape a different way of thinking, and their hopes that everyone can share their journeys together.
__
Interested in going further in your financial journey? Join our national conference and meet the PhE team live in Toronto this May 25 and 26th: https://www.physempowerment.ca/live
__
Physician Empowerment:
- Register for the Physician Empowerment Live Conference in Toronto on May 25 - 26, 2024
- Join the Physician Empowerment Masterclass now
53 - The Burnout Crisis in Canada’s ERs
Physician Empowerment
10/15/24 • 25 min
Dr. Kevin Mailo welcomes Dr. Kerstin de Wit, a Professor of Emergency Medicine at Queen’s University and a very active clinician and researcher practicing both emergency medicine and thrombosis medicine. Dr. Kerstin de Wit was interviewed for an article in the National Post that featured survey data from her latest research into high levels of burnout amongst emergency physicians. Her research was published in June’s edition of the Annals of Emergency Medicine and it reveals the levels of emotional exhaustion and depersonalization aspects of burnout spiking in emergency medicine personnel.
Dr. de Wit’s study compared physician burnout levels during 2020, the first year of the pandemic, to levels reported in October 2022. The initial survey revealed that roughly 50% of physicians participating in the survey exhibited high levels of burnout already. In 2022 the levels had increased significantly. Emotional exhaustion, one of the two measured elements of burnout, had increased by an absolute 16% of the cohort, and depersonalization had increased by an absolute 12% of the cohort. Dr. Mailo and Dr. de Wit discuss how alarmingly high the revealed levels of burnout are, the realities and consequences of depersonalization, the quotes from the study that revealed how people feel about the broken state of healthcare in Canada today, and what can be done to lessen the burnout and mend the damaged healthcare and ER departments across Canada. This is a key episode about emergency medicine and the burnout crisis that will take serious intervention to turn around.
About Dr. Kerstin de Wit, MD:
Kerstin de Wit holds a Tier 1 Canada Research Chair in Emergency Venous Thromboembolism and is a Professor in the Department of Emergency Medicine at Queen’s University. She works clinically as an emergency physician and thrombosis physician at Kingston Health Sciences.
Dr de Wit was trained in internal medicine, emergency medicine, and research in the UK. She completed a Thrombosis Fellowship in Ottawa in 2013. Since then, she has worked in both emergency medicine and thrombosis. She leads a research program which focuses on the diagnosis of bleeding and clotting disorders in the emergency department and is funded by CIHR.
Dr de Wit is the Queen’s University Clinician Investigator Program Director and the Research Director for the Department of Emergency Medicine.
__
Resources discussed in this episode:
- “A Longitudinal Survey on Canadian Emergency Physician Burnout” Annals of Emergency Medicine, Volume 83, Issue 6, P576-584, June 2024, by Kerstin de Wit, MBChB, MD; Anna Tran, BSc; Natasha Clayton, CRA, RA; Caroline Gérin-Lajoie, MD; and Mathew Mercuri, PhD, PhD
- “‘I don’t think I’ll last’: How Canada’s emergency room crisis could be killing thousands” by Sharon Kirkey, National Post, July 19, 2024
__
Dr. Kerstin de Wit:
- Queen’s University Emergency Medicine Faculty: Dr. Kerstin de Wit, MD
- Kerstin de Wit on X/Twitter
Physician Empowerment:
- Attend an upcoming Empowerment Retreat
- Join the Physician Empowerment Masterclass now
- Website: PhysEmpowerment.ca
Show more best episodes
Show more best episodes
FAQ
How many episodes does Physician Empowerment have?
Physician Empowerment currently has 55 episodes available.
What topics does Physician Empowerment cover?
The podcast is about Doctor, Health & Fitness, Management, Leadership, Medical, Wellness, Medicine, Physician, Podcasts, Finance, Business and Wellbeing.
What is the most popular episode on Physician Empowerment?
The episode title '48 - Mythbusters in the Financial Marketplace with Nick Giovannetti' is the most popular.
What is the average episode length on Physician Empowerment?
The average episode length on Physician Empowerment is 33 minutes.
How often are episodes of Physician Empowerment released?
Episodes of Physician Empowerment are typically released every 15 days.
When was the first episode of Physician Empowerment?
The first episode of Physician Empowerment was released on Sep 30, 2022.
Show more FAQ
Show more FAQ