Your Rich, Fulfilling Life Show

Episode description not available.

Episode description not available.

In this episode of Your Rich Fulfilling Life Show, we tackle the lesser-discussed pitfalls of over-diversification in investment portfolios. Join us as we break down what over-diversified portfolios look like, common red flags to watch for, and the potential drawbacks of spreading investments too thin. We also discuss the essential role of taxation in your returns and how thoughtful financial planning can help you keep more of what you earn. Plus, learn strategies to take advantage of market dips for long-term gains. This episode is packed with insights to help you fine-tune your portfolio and achieve a more efficient path to your financial goals.

In this episode of Your Rich Fulfilling Life Show, hosts Saad Nadeem and Usman Jamal dive deep into the topic of early retirement and how it can be within reach with the right planning. They tackle common misconceptions surrounding early retirement and the importance of saving for your golden years.    Saad and Usman discuss practical strategies for managing debt and expenses, highlighting how certain types of debt can actually work in your favor. They share valuable insights on financial strategies that can help pave the way to early retirement, as well as the critical role taxes play both while you’re working and after you’ve retired.    Join us for an enlightening conversation that can set you on the path to achieving the retirement you’ve always dreamed of!

In Episode 32 of The Rich Fulfilling Life Show, we take a deep dive into what RFL Wealth Management is all about—our mission, the value we bring to our clients, and the unique problems we solve so they can live their rich, fulfilling lives today without sacrificing their future. We explore two common financial extremes: over-savers, who are too focused on tomorrow to enjoy today, and over-spenders, who live for now but jeopardize their long-term security. You'll learn how a comprehensive financial life plan can help strike the perfect balance, enabling you to retire on your terms, scale back your practice, and live the life you’ve always dreamed of. Whether you're looking to save more wisely or enjoy the fruits of your labor without guilt, this episode shows how RFL Wealth Management guides clients to financial peace and a fulfilling life.

Your Rich Fulfilling Life Show  Episode 31 - Dollar Cost Averaging Vs. Lump Sum Investing   Description:   In this episode of Your Rich Fulfilling Life Show, hosts Saad Nadeem and Usman Jamal break down two common investment strategies: dollar-cost averaging and lump sum investing. They explain what each strategy entails, the pros and cons of both, and how they compare in different market conditions. Whether you’re trying to decide which approach is best for your financial goals or looking to optimize your investment strategy, Saad and Usman share actionable insights on how you can build long-term financial success by choosing the right method for you.

Join Saad Nadeem and Usman Jamal in this episode of The Rich Fulfilling Life Show as they simplify estate planning. They cover the importance of wills, the role of Power of Attorneys (POAs), and the truth about living and testamentary trusts in Canada. Discover how proper estate planning not only protects your assets but also helps you build a lasting legacy, support your family, and contribute to your community. Tune in for a comprehensive guide to securing your legacy and ensuring your values live on.

In this episode of The Rich Fulfilling Life Show, hosts Usman Jamal and Saad Nadeem explore the smartest strategies for keeping your family cottage in the family for generations. They delve into the tax implications of selling versus gifting your cottage, including how to avoid double taxation pitfalls. The discussion also covers comprehensive estate planning and the role of insurance in ensuring your children can inherit the cottage without being burdened by a hefty tax bill. Tune in to learn how to efficiently preserve your family’s legacy and keep your cottage within the family.      Time Stamps  1:45: Dive into the taxes associated with cottage transfers  6:25 – How to avoid double taxation – selling the cottage for below market value  11:00 What happens when you gift the cottage to your children  13:20- The most efficient way to transfer your family cottage to your kids  16:00 – How to reduce your taxable rental income down to 0%

Description:   In this episode of The Rich Fulfilling Life Show, Saad Nadeem and Usman Jamal dive deep into the crucial question: Should doctors in Canada incorporate their practice? They explore the overwhelming tax benefits of incorporation, offering valuable insights into the best business practices for physicians considering this route. Saad and Usman break down the advantages and potential drawbacks, discuss the ideal timing for incorporation, and how to create a Medical Professional Corporation (MPC). Whether you're a physician considering incorporation or just curious about the topic, this episode is packed with expert advice and actionable tips.      Time Stamps  2:25 - Your 2 options to get paid as a physicians   4:05 – The biggest benefit of incorporating  8:00 – When is the right time to incorporate   10:00 - How to incorporate  12:30 – Additional benefits on incorporating  14:25 – The lowdown on family holding companies  16:50 – Drawbacks of incorporating

In Episode 27 of Your Rich Fulfilling Life Show, Saad and Usman explore "What is Your Retirement Age, Anyways?" by delving into the Globe and Mail's Retire Rich Roadmap. They offer invaluable insights for internationally trained physicians on crafting a diversified retirement nest egg. Learn how to confidently plan for a retirement that aligns with your dreams, ensuring you retire when you want and feel secure in your financial future. Don’t miss this essential guide to a rich and fulfilling retirement!      Time Stamps  2:00 – When should you retire?  4:00 – How much will your retirement cost?  11:50 – How to build your retirement nest egg

Interview with Dr. Vu, (Almost) Everything you need to know about Critical Illness

(Part 2) Taxable, Tax-Deferred & Tax Free - Knowing The Difference Will Save You Roughly $2.7M In Taxes  The Rich Fulfilling Life Show  Episode  26         Description:   In the second part of this enlightening series, Saad Nadeem and Usman Jamal take a deep dive into the tax-free bucket and its pivotal role in your financial strategy. Learn how to achieve the optimal balance between taxable, tax-deferred, and tax-free buckets to ensure a tax-efficient retirement. They also discuss the importance of selecting the right financial advisor to guide you through this intricate process. Discover how proper planning can help you save $2.7 million in unnecessary taxes over your lifetime. Don't miss this crucial episode for internationally trained physicians aiming for a secure and prosperous retirement.      Time Stamps  1:15 - Bucket #1 Lowdown on TFSAs  4:35 – Bucket #2 Insurance wrappers  10:55 – Bringing it all together  13:45 – Choosing the right type of advisor for the task   21:05 – How to build a tax-free retirement

The Rich Fulfilling Life Show  Episode 25         Description:   In this eye-opening episode of The Rich Fulfilling Life Show, Saad Nadeem and Usman Jamal delve into the crucial world of financial planning for internationally trained doctors. Join them as they explore two of the three essential financial buckets—taxable and tax-deferred—that play a pivotal role in crafting a tax-efficient retirement strategy. Discover how mastering the balance between these buckets can lead to significant savings, potentially reducing your tax bill by $2.7 million over your lifetime. Tune in to understand why thoughtful financial life planning is more important than ever and learn how to position your investments for maximum benefit. Don't miss this valuable insight that could transform your financial future!    Time Stamps  3:40: Bucket #1 The Taxable Bucket  8:30: How much to keep in your Taxable Bucket  12:40: Bucket #2 The Tax Deferred Bucket  18:40: The low down on RRSPs and why physicians should stay far away

Join Saad Nadeem and Usman Jamal on Episode #24 of the Rich Fulfilling Life Show as they dive into the Top 5 Lessons on Wealth, Greed, and Happiness. Discover practical insights on building wealth while staying true to your values, ensuring you achieve financial goals efficiently. Learn strategic planning tips for a successful future, empowering you and your family to live a Rich, Fulfilling Life starting today—not tomorrow. Tune in for actionable advice and inspiration.    Time Stamps  1:00 – Lesson 1: The importance of behaviour over knowledge  5:45 – How your rate of return differs when working with a financial planner  8:05 – Lesson 2: How living beyond your means can derail your financial goals  14:30 – Lesson 3: Don’t lose sight of what is truly important   19:25 – Lesson 4: Don’t think the future is far away  23:20 – Lesson 5: Everyone’s financial goals are different

Join Saad Nadeem and Usman Jamal on Episode 23 of the Rich Fulfilling Life Show as they delve into the recent hikes in capital gains tax and its impact on various sectors, particularly the healthcare industry. Discover the repercussions of these tax increases and how they are affecting our doctors and healthcare providers just when they need support the most. Gain insights into navigating financial strategies amidst changing tax landscapes. Tune in for a crucial discussion on taxation and its broader implications.

Episode description not available.

Join hosts Saad Nadeem and Usman Jamal as they dive into the pressing issue of inflation in Canada, exploring its recent surge and its impact on retirement planning. In this episode, they discuss strategies to navigate rising inflation while maintaining financial goals for retirement. Beyond inflation's uncontrollable eSects, discover actionable insights on mastering controllable factors like tax planning. Tune in to learn how to stay on track financially and live your Rich, Fulfilling Life despite economic ups and downs.

In Episode 20 of The Rich Fulfilling Life Show, hosts Saad Nadeem and Usman Jamal discuss pressing issues faced by Ontario's family physicians. They highlight an article from the Ontario College of Family Physicians calling for reduced administrative burdens to support doctors and patients effectively. The episode takes an emotional turn as Saad and Usman share a video clip featuring an 80-year-old physician reflecting on his life's regrets. The physician candidly discusses being too focused on his career and missing out on time with his family. Saad and Usman emphasize the importance of finding balance and urge physicians to plan financially so they can enjoy quality time with loved ones without waiting until retirement.

In episode 19 of the Rich Fulfilling Life Show, hosts Saad Nadeem and Usman Jamal delve into the impact of the new capital gains tax increase on Medical Professional Corporations (MPCs) in Canada. They explore how these changes directly aMect internationally trained doctors and share strategies to mitigate potential losses. With taxes on the rise, they emphasize the importance of proactive planning to ensure a Rich, Fulfilling Life both now and in the future, whether in retirement or beyond. Tune in to discover how to navigate these challenges and safeguard your financial well-being.

#18: Saad Hires a Financial Planner