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Millionaires Unveiled

93: Net Worth of 1.0M - The Loonie Doctor, Don't get Financially Hosed

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8872 Ratings

🗓️ 5 August 2019

⏱️ 41 minutes

🧾️ Download transcript

Summary

Today's interview features the Loonie Doctor, a Canadian physician who blogs at https://www.looniedoctor.ca/. He discusses his investment allocation (and why he's chosen that allocation), why doctors are notoriously bad with money, how investment vehicles in Canada differ from those in the US, his experience with financial advisors, and why it's important to keep learning and trying new things.

Transcript

Click on a timestamp to play from that location

0:00.0

You can't go back and make up for a decade of lost compounding returns.

0:04.4

But as you get older, some of the things that were new and exciting art is new as exciting anymore.

0:09.0

And your body, even though your mind is willing, just can't keep up to that pace anymore.

0:13.2

You don't want to find out at that point that now you have to work harder because you didn't

0:17.4

save money to set yourself up.

0:20.3

You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday millionaires.

0:28.0

We'll unveil their decisions, their strategies, and their current portfolio allocation.

0:35.0

Now to your hosts, Clark Sheffield and Jace Matinson.

0:40.0

Alrighty, hello and welcome back to the Millionaires Unveiled Podcast where we tell the stories and strategies

0:45.8

of everyday millionaires and unveil their current portfolio allocations.

0:50.6

This is episode number 93. On today's show we have Looney Doctor.

0:55.0

He is a millionaire with over a million in investable assets.

0:58.0

That's even after converting from the Canadian dollar to the US dollar.

1:02.0

Last week on the show we had Chris Benson.

1:04.3

Chris works in self storage and got into the nitty gritty of self storage investing.

1:09.4

Everything from how to get started to the size of units, the price of rentals, and the types of self-storage units, and how you

1:15.7

can bundle that investment with U-Haul rentals and boxes.

1:19.2

So a really, really interesting interview.

1:21.7

Before we get in today's episode with Looney Doctor, I just want to thank our sponsor, Obsidian Capital

1:26.6

for supporting the show.

1:28.6

Creating passive income is one of the quickest ways to create and establish wealth.

1:33.2

At Obsidian capital, their core philosophy is to enable qualified investors to create long-term

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