Prescribing Prosperity

John and Alex Soutsos
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Welcome to Prescribing Prosperity, with your hosts John and Alex Soutsos from Med-Wealth Financial Services, operating through IPC Securities Corporation. In this podcast, we provide unique insights into wealth management, the psychology of financial decisions, and help listeners place the capital markets into perspective. Our aim is to help physicians, business owners, and other medical professionals to live their dream. Life is to live and enjoy so we’ll also cover health & lifestyle-related topics such as food, dining, travel, and unique experiences. Learn how global trends shape our investment strategy as we help you assemble your roadmap to prosperity.

  1. Sep 24

    Is Globalization Ending? Manufacturing Reshoring and Global Trade with Mike Steger – Part 1 (Ep. 73)

    Is globalization ending, and what could reshoring manufacturing mean for physicians, business owners, and investors? How could shorter supply chains affect business costs, economic growth, and investment markets? In this episode, John and Alex Soutsos discuss globalization with Mike Steger, co-founder of Promethean Action. They examine why manufacturing moved overseas, what supply chain disruptions revealed, and whether advanced production can return to North America. They explore how robotics, artificial intelligence, base load energy, intellectual property, China’s industrial growth, and the post-Bretton Woods trading system could affect corporate earnings, business planning, and investors. This first part looks at how the system developed and sets up what comes next. John, Alex, and Mike discuss: How corporate influence and lower labor costs encouraged companies to move manufacturing production offshore Why global supply chain disruptions exposed economic vulnerabilities across North America during the pandemic How robotics, artificial intelligence, and advanced production could support manufacturing reshoring efforts Why domestic manufacturing can strengthen innovation, protect intellectual property, and support higher wages How reliable base load energy, China’s industrial growth, and Bretton Woods shaped global trade policies And more! Listen to Part 1 to learn why manufacturing moved overseas, what reshoring could mean for businesses and investors, and which economic questions will carry into Part 2. Follow Prescribing Prosperity so you don’t miss the rest of the conversation. Connect with Med-Wealth Financial Services: Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1-888-568-1170 Connect with Mike Steger: Promethean Action LinkedIn: Promethean Action YouTube: Promethean Overviews Instagram: @stegerMG X: @stegerMG About Our Guest: Mike Steger is the co-founder of Promethean Action and host of Promethean Overviews. He has an academic background in economics and has spent years studying political systems, physical economics, manufacturing, energy, technology, and global trade. Through Promethean Action, Mike works to make large political and economic questions easier for the public to understand.

  2. Sep 10

    RRIF Meltdown Strategy: Can It Reduce Retirement Taxes for Canadians? (Ep. 72)

    If you’re a Canadian physician, business owner, or high-income professional approaching retirement, is a RRIF meltdown strategy worth the added investment risk?  In this episode, John and Alex Soutsos explain how a RRIF meltdown strategy works and examine whether the potential tax savings justify the borrowing costs and investment risks involved. For physicians, business owners, and other Canadians approaching retirement, they consider whether reducing taxes supports the flexibility, financial independence, and retirement lifestyle they actually want. John and Alex discuss: How an RRSP converts into a Registered Retirement Income Fund (RRIF) How mandatory RRIF withdrawals affect taxable retirement income Why RRIF income may trigger an Old Age Security (OAS) clawback How investment loans and potentially deductible interest are used in a RRIF meltdown strategy The benefits of preserving tax-deferred compound growth And more! Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1- 888-568-1170

  3. Aug 20

    The Retirement Crisis Beyond Money: Purpose, Identity, and Life After Your Career (Ep. 71)

    You’ve spent decades building a career and preparing financially for retirement.  But what happens when you’ve reached your number and still aren’t sure you’re ready to walk away? In this episode of Prescribing Prosperity, John and Alex Soutsos explore the retirement challenges that extend far beyond investment balances and withdrawal strategies. They discuss why retirement is as much a psychological transition as a financial one, examining the loss of purpose, identity, routine, and relationships that many professionals experience after leaving their careers.  They also explain why longevity, inflation, portfolio design, and thoughtful planning all play important roles in creating the freedom to enjoy retirement on your own terms instead of simply leaving the workforce. Key takeaways: How purpose and identity often become the biggest retirement challenges after a long career Why financial independence doesn’t automatically make retiring the right decision How longer life expectancy changes retirement planning and income needs Why losing a spouse can create emotional and practical challenges later in retirement How retirement planning should prepare you for both financial and personal transitions And more! Resources: Book: Stocks for the Long Run by Jeremy Siegel Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1-888-568-1170

  4. Aug 6

    Financial Planning for Young Physicians: The Money Decisions That Matter Most (Ep. 70)

    Should you pay off your mortgage or start investing? How much house can a young physician really afford? Should doctors invest through their corporation or personally? These are some of the biggest financial questions early-career physicians, dentists, and incorporated professionals face. The decisions you make in your 30s can shape your ability to build wealth, achieve financial independence, and create more choices later in life. In this episode, John and Alex Soutsos discuss the financial priorities they believe every young physician, dentist, and incorporated professional should consider around age 35. They explain how to balance buying a home with investing, why not all debt is created equal, when paying down your mortgage may not be the best use of your cash flow, how corporate investing compares with personal investing, and why insurance, asset allocation, and working with a financial advisor early can help support a stronger long-term financial plan. John and Alex discuss: Why physicians and incorporated professionals should start financial planning early, even before they feel they’ve accumulated significant wealth. How buying a modest first home can create more opportunities to invest, build wealth, and avoid lifestyle pressure early in your career. The difference between productive and unproductive debt, and whether paying off your mortgage should always come before investing. When physicians should invest personally versus through a corporation, and how each strategy can fit into a long-term financial plan. And more! Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1- 888-568-1170

  5. Jul 23

    The 10 Biggest Financial Mistakes That Can Keep You From Building Wealth – Part 2 (Ep. 69)

    Why do successful professionals still make costly financial mistakes? It’s rarely because they don’t work hard or earn enough. More often, it’s because common beliefs about money, investing, and retirement quietly shape decisions that can limit long-term financial independence. In this episode, John and Alex Soutsos continue their discussion on the most common investing mistakes, exploring how emotions, behavioral biases, and conventional thinking can lead investors off course. From believing your home is your best investment to chasing headlines, avoiding estate planning, or confusing retirement with financial independence, they explain why disciplined investing and a clear financial plan are essential to building lasting wealth. If you’re a physician, business owner, or other high-income professional looking to make smarter financial decisions and avoid costly mistakes, this conversation will help you think differently about how to build, protect, and enjoy your wealth. John and Alex discuss: Why your home may not be your best investment, and the risks of becoming overconcentrated in real estate. How behavioral biases, such as chasing headlines and emotional investing, can lead to costly financial mistakes. Common estate planning mistakes, RRIF misconceptions, and strategies to help protect your family. Why financial independence matters more than retirement age, and how to build a strategy that supports long-term freedom. And more! Resources: The 10 Biggest Financial Mistakes That Can Keep You From Building Wealth – Part 1 (Ep. 68) PODCAST  YOUTUBE Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1- 888-568-1170

  6. Jul 9

    The 10 Biggest Financial Mistakes That Can Keep You From Building Wealth – Part 1 (Ep. 68)

    You can build a successful career, earn a high income, and still wonder why you’re not building lasting wealth. If you’re thinking about how to grow your investments, how much cash you should keep, or whether you’re taking the right amount of investment risk, the answer may have less to do with the market and more to do with the financial habits behind your decisions. In this episode, John and Alex Soutsos discuss the first five financial mistakes that can keep physicians, business owners, and other high-income professionals from building long-term wealth. They explain why earning more doesn’t automatically create wealth, why compound growth and compound interest reward people who start investing early, why over-diversification can create unnecessary complexity, how inflation affects the purchasing power of cash, why longevity may be a greater financial risk than stock market volatility, and why tax planning should support your investment strategy instead of driving your financial decisions. John and Alex discuss: Why earning a high income doesn’t automatically build wealth, and why saving is the foundation of long-term financial growth. How compound growth rewards people who start investing earlier, even if they contribute less over time. Why over-diversification and using multiple investment firms can add complexity without meaningfully reducing investment risk. Why holding too much cash can reduce purchasing power over time as inflation quietly erodes its value. Why longevity, not short-term stock market volatility, may be the greatest financial risk during retirement planning. Why tax planning should support your investment strategy instead of becoming the primary driver behind financial decisions. And more! Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1- 888-568-1170

  7. May 28

    What Really Drives Economic Growth? with Tim Doescher – Part 2 (Ep. 67)

    What actually drives economic growth, and what happens when governments try to control it? In this episode, John and Alex Soutsos continue their conversation with Tim Doescher, diving deeper into the real-world impact of economic policy, from Reagan-era tax cuts to today’s debates around tariffs, inflation, and central banking. John and Alex discuss: A breakdown of supply-side economics and why it gained traction during the Reagan administration How modern monetary theory abandoned empirical evidence to justify government spending, debt, and inflation Why tax systems matter, including the case for a flat tax and the unintended consequences of complex tax codes The reality of tariffs in a global economy, including trade tensions with China, and the balance between fairness and free markets The future of the Federal Reserve, including Kevin Warsh’s potential leadership and what it could mean for interest rates, inflation, and economic growth And more. Resources: What Really Drives Economic Growth? with Tim Doescher – Part 1 (Ep. 66) Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1- 888-568-1170 Connect with Tim Doescher: Unleash Prosperity X: @TimothyDoescher LinkedIn: Unleash Prosperity About Our Guest:  Tim Doescher is the Executive Director at Unleash Prosperity, a policy organization focused on advancing free market economic principles. With a background in political campaigns, public policy, and economic research, Tim works closely with leading economists and policymakers in Washington, D.C., helping shape conversations around taxation, regulation, and economic growth.

  8. May 14

    What Really Drives Economic Growth? with Tim Doescher – Part 1 (Ep. 66)

    What actually drives economic growth, and why do so many policies seem to do the opposite?  In this episode, John and Alex Soutsos sit down with Tim Doescher, Executive Director at Unleash Prosperity, to challenge how most people think about taxes, government spending, and the real engine behind prosperity. They unpack the fundamentals of supply-side economics and how policy decisions shape real-world outcomes for businesses, investors, and everyday families. Together, they break down what supply-side economics actually means in plain terms, and why reducing barriers like taxes and regulation can lead to greater investment, hiring, and overall economic growth. They also explore real-world examples, including migration trends between states, the impact of rising minimum wages, and how incentives, not intentions, ultimately drive behavior.  This episode is about more than theory. It’s about understanding the forces shaping the economic environment you’re operating in, and why those forces matter for your long-term financial plan. Tim Doescher discusses: His unconventional path into economic policy and Unleash Prosperity What supply-side economics really means, and why production drives growth Tax policy, incentives, and how behavior changes when costs rise The Laffer Curve and why higher taxes don’t always mean higher revenue And more! Connect with Med-Wealth Financial Services:  Med-Wealth Financial Services LinkedIn: John Soutsos LinkedIn: Alex Soutsos LinkedIn: Med-Wealth Financial Services X (formerly Twitter): Med-Wealth Financial Services info@med-wealth.ca 905-568-2000 1- 888-568-1170 Connect with Tim Doescher: Unleash Prosperity X: @TimothyDoescher LinkedIn: Unleash Prosperity About Our Guest:  Tim Doescher is the Executive Director at Unleash Prosperity, a policy organization focused on advancing free market economic principles. With a background in political campaigns, public policy, and economic research, Tim works closely with leading economists and policymakers in Washington, D.C., helping shape conversations around taxation, regulation, and economic growth.

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About

Welcome to Prescribing Prosperity, with your hosts John and Alex Soutsos from Med-Wealth Financial Services, operating through IPC Securities Corporation. In this podcast, we provide unique insights into wealth management, the psychology of financial decisions, and help listeners place the capital markets into perspective. Our aim is to help physicians, business owners, and other medical professionals to live their dream. Life is to live and enjoy so we’ll also cover health & lifestyle-related topics such as food, dining, travel, and unique experiences. Learn how global trends shape our investment strategy as we help you assemble your roadmap to prosperity.

Information

  • Creator
    John and Alex Soutsos
  • Years Active
    2023 - 2026
  • Episodes
    73
  • Rating
    Clean
  • Copyright
    Copyright © 2023 Prescribing Prosperity
  • Show Website
    Prescribing Prosperity