100 episodes
The Allied Health Financial Podcast Allied Health Financial: Personal Finance for Canadian Healthcare Professionals
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- Business
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5.0 • 1 Rating
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Personal finance education and evidence-based financial for Canadian allied health professionals. Over the years you have spent countless hours mastering your skills to ensure your patients receive the best care possible. Financial literacy and your personal wealth deserve the same level of attention and care. From formulating a budget and developing an emergency fund to paying down debt and investing, we cover it all. We are two members of the allied health community, and we began our personal finance journey 6 years ago. After recognizing the lack of personal financial know how in the health care community, we got to work. We have put together all the information needed to make informed decisions, and resources to execute those decisions, all in the context of today’s health care worker. We hope you enjoy and learn!
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The Costs You Don’t Want to Cut
In the final episode of the fall season, we discuss the areas of your budget you want to avoid cutting down on. Cutting costs in some areas are more likely to leave you with remorse, and they may surprise you.
Your future self with thank you (3:19)
Where NOT to save: Investing (4:00)
Where NOT to save: Personal insurance (5:42)
Where NOT to save: Personal savings (7:37)
Where NOT to save: Debt Repayment (8:21)
Where you should try and save (10:15)
The happiness equation (11:00) -
3 Ways to use Your TFSA
We discuss three common ways to use your Tax-Free Savings Account (TFSA) and how you can maximize your returns with this tax-advantaged account.
TFSA review (1:28)
Tax free growth: The main TFSA advantage (3:09)
The power of the TFSA: An example (4:44)
How to save with the TFSA: As a savings account (6:43)
How to save with the TFSA: Short term savings (9:48)
How to save with the TFSA: Investing for long term growth (12:46)
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- Episode 110: Savings Accounts and GICs
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A New Way to Save for Your First Home
The Government of Canada has proposed the First Home Savings Account (FSHA) to help you save for your first down payment.
A new (proposed) registered savings account (1:15)
First Home Savings Account (FHSA) (1:57)
FHSA: The best of the RRSP and TFSA (3:59)
What happens to deposits not used for a first home? (5:17)
What’s in the fine print? (7:07)
How does the FHSA integrate with the Home Buyers Plan of the RRSP? (8:25)
Does unused contribution room carry forward? (10:17)
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How We Built This - Early Lessons
In this episode, we share our early takeaways from building and launching the new Allied Health Financial platform.
Know your WHY for motivation and guidance (2:32)
Our Why’s (5:15)
Get LOTS of feedback (8:17)
Our revised messaging: The Lite Membership (10:37)
Our revised messaging: The Plus Membership (11:23)
Make small calculated changes (12:48)
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Is it Really Cheaper to Buy a Property Right Now?
Prices have come down in most major Canadian markets, but interest rates are (still) on the rise. Is this the right time to get into the real-estate market?
Declining house prices versus rising interest rates (2:09)
Factor Number 1: Decline home prices (2:24)
Factor Number 2: Rising Interest rates (3:49)
Is it less expensive to purchase a home today? No! (4:42)
What if you put down the same down payment? Yes! (6:00)
What if I’m purchasing a less expensive home? No! But it’s closer (8:49)
What if I have a smaller down payment? No! And the effect is larger (10:23)
How do today’s interest rates compare to historically? (11:14)
Key take away points (12:52)
What would we prefer (14:45)
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- 118. Will You Get Burned With a Variable Rate Mortgage?
- 93. The True Cost of Selling Your Home -
The Loonie Hits a 2-Year Low. What Does it Mean for You?
We're used to the constant fluctuations of the Canadian dollar. But what does this new low mean for your money?
Exciting (personal) news from AHF! (0:55)
What is happening to the Canadian Dollar? (2:04)
Just how much ground has the Canadian dollar lost to the USD? (3:23)
Why has the Canadian dollar dropped (7:13)
How will this impact you? (10:10)
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