The Allied Health Financial Podcast: Personal Finance, Budgeting, Debt Repayment, Insurance and Investing
Are You Covered?  Exploring Liability Insurance With Zensurance

Are You Covered? Exploring Liability Insurance With Zensurance

August 9, 2022

Professional liability insurance is the most commonly purchased financial product by Canadian healthcare providers. Do you know what you're buying?

  • Meet Ryan Insalaco from Zensurance (1:13)
  • Who is Zensurance (2:37)
  • What is Professional Liability Insurance? (6:15)
  • What does your Professional Liability Insurance cover?
  • TIP: When purchasing Professional Liability Insurance outside of an Association (10:17)
  • How to avoid overpaying for Professional Liability Insurance (12:03)
  • A potential out-of-pocket expense: Regulatory Defense (15:10)

Resources:

Everything You Need to Know About Living Benefits

Everything You Need to Know About Living Benefits

August 2, 2022

Extended health benefits, critical illness and disability insurance are essential for your financial plan.  Are you covered?  Learn more about living benefits with the President and CEO of BioBenefits Inc, Madison McKimm.

  • Meet Madison Madison McKimm (1:16)
  • Do you need Disability Insurance? (3:36)
  • Why insurance is difficult to purchase online (5:10)
  • Disability vs. Critical Illness Insurance (7:47)
  • Underwriting: what it means for your insurance and benefits (10:43)
  • The beauty of group plans: lower cost and no underwriting (15:14)
  • TEASER: How we’re improving access to insurance and benefits products for you (17:09)

 

Resources:

A Behind the Scenes Look at Robo-Advisors With Justwealth

A Behind the Scenes Look at Robo-Advisors With Justwealth

July 26, 2022

We talk to The Globe and Mail's top-ranked robo-advisor about how robo-advisors work and who should use them to invest.

  • Who is Justwealth? (0:52)
  • Robo-advisors: How do they work? (3:57)
  • Robo-investing - is anyone watching my back? (7:20)
  • Why do robo-investors use ETFs vs. mutual funds? (11:52)
  • Investing during a recession, straight from the experts (16:53)
  • How to get started investing with Justwealth + BONUS teaser! (20:07)

 

Resources:

 

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

 
The Truth About Entrepreneurship with Emma Jack

The Truth About Entrepreneurship with Emma Jack

July 19, 2022

Start a business, build a website, get rich...nope. Emma Jack of Press Play takes us behind the scenes of what it really looks like to start a business. Spoiler alert: overnight success takes a long time.

  • Emma’s Banff Coaching Retreat (1:28)
  • Make time for what energizes you (4:50)
  • Press Play reorganizes its time: Balancing work and life  (9:37)
  • Emma takes her own advice – when more is not better (13:23)
  • Success is an iceberg (14:24)
  • Looking for a change? Advice from EJ (18:51)
  • What’s next for Press Play (24:47)
  • The most important quality for an entrepreneur to have (27:10)
  • Who’s winning? Gunner vs. Chair (28:29)

Resources:

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

 

How to Prepare Yourself for the Potential Recession (Part 2)

How to Prepare Yourself for the Potential Recession (Part 2)

July 12, 2022

Last week you learned how to preserve your wealth during a recession. In this episode, we go on the offensive and explain how you can earn huge returns coming out of a recession.

  • Stocks on sale! (0:45)
  • Investing during a downturn? – consider your risk tolerance (3:40)
  • Dollar cost averaging – not a bad strategy (5:40)
  • Protect your backside first (6:43)
  • BONUS: How have our financial plans changed with the economic slow down? (9:25)
  • TEASER: Somethings coming…. (14:45)

 

Resources:

 

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

How to Prepare Yourself for the Potential Recession (Part 1)

How to Prepare Yourself for the Potential Recession (Part 1)

July 5, 2022

With record-high inflation numbers, it can be hard to manage your finances. We'll show you how to prepare yourself, financially and mentally, to breeze through the looming recession.

  • BONUS: Find out how Ryan’s first sprint triathlon went (0:44)
  • BONUS: Ryan’s superpower (1:36)
  • Is this your first recession? You’re not alone (4:02)
  • Preparing for a recession: offence vs. defence (5:05)
  • Recession defence 101: preserving your wealth (6:29)
  • What’s the worst that could happen without good defence? (11:15)

Resources:

 

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

What is a Recession, and Should you be Worried?

What is a Recession, and Should you be Worried?

June 28, 2022

What you need to know about recent fluctuations in the market, and how a looming recession will change things for Canadian healthcare providers.

  • Business cycles 101 (1:57)
  • Measuring business cycles: GDP (2:31)
  • Recessions: What are they? (5:32)
  • Are we in a recession? (6:29)
  • Staring down a potential recession – what does it mean for healthcare providers? (8:25)
  • Should you be worried? (9:43)

 

Resources:

 

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

 

 

Will You Get Burned With a Variable Rate Mortgage?

Will You Get Burned With a Variable Rate Mortgage?

June 21, 2022

Canada’s red-hot real estate market is finally cooling. Interest rates are jumping up and the Bank of Canada is showing no signs of stopping. What does this mean for you and your mortgage? Whether you’re refinancing or purchasing your first property, the decision of fixed vs variable rate can make a HUGE impact on your finances. Do you know which one is right for you?

  • A surprising stat on how rising interest rates have affected the ability of Canadians to make mortgage payments (1:24)
  • Recap: What is a mortgage and when do you get one (1:49)
  • What affects your mortgage payment (2:32)
  • What is a fixed-rate mortgage? (4:03)
  • What is a variable rate mortgage? (5:07)
  • Do variable rate mortgage holders pay more if the interest rates increase? (6:27)
  • Fixed vs. Variable – What has been better in the past? (9:00)
  • Pros and Cons of a fixed mortgage (9:55)
  • Pros and Cons of a variable mortgage (11:42)
  • Factors in your decision to choose fixed or variable (12:35)

Show Notes: www.alliedhealthfinancial.ca/episode118

Resources

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

The Financial Plan Face-Off

The Financial Plan Face-Off

June 14, 2022

There is only one way to set up your financial plan...right? Not quite. Listen to our hosts battle it out in our epic financial plan showdown!

- Meet Erika (1:41)

- Short-term needs and long-term goals (2:30)

- The budget: gross vs take-home income (2:50)

- New-grad debt repayment strategy (3:25)

- Defence is the best offence: insurance (6:46)

- Buying used vs leasing a new car [BONUS: find out what our hosts drive] (8:58)

- Chicken or fish? Saving for a wedding (13:17)

- Playing house: how to save for a new home (15:38)

- What to save when you’re expecting (17:06)

- Making money while you sleep by investing (19:05)

- Closing thoughts (20:14)

 

Resources:

- Download the Financial ToolKit

- Episode 110: Savings Accounts and GICs

- Episode 97: EI Special Benefits vs Disability Insurance

- Episode 91: Employment Insurance Special Benefits

- Episode 83: How to Plan for Parental Leave with Emma Jack

- Episode 57: Should I Pay Off Debt or Invest?

- Episode 54: RRSP vs TFSA - Which Account is Right For You?

- Episode 42: Do I Need Disability Insurance?

- Episode 41: Do I Need Life Insurance?

- Episode 19: Understanding Tax Deductions: Buying vs. Leasing a Car

- Contact Us

 

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

Do Electric Vehicles Save You Money?

Do Electric Vehicles Save You Money?

June 7, 2022

With gas prices and environmental concerns on the rise, more Canadians are considering the switch to electric vehicles. But do they save you money? This episode compares fuel savings on electric vehicles versus hybrid and gas-powered vehicles. Will the electric vehicle save you more? Listen to find out!

 

- Government of Canada 2022 Fuel Consumption Guide

- Toyota Canada

- Tesla Model 3

- Electrek: How Much Does it Cost to Charge a Tesla?

- Contact Us

 

Theme Music: Pamgaea Kevin MacLeodLicensed under Creative Commons: By Attribution 3.0 License

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