Dr. Mark Soth (from The Loonie Doctor Blog) semi-retired in his 40s from working as an ICU doctor to focus on his blog. In this interview, I chat with him about his decision to step back from clinical practice and how he planned for this financially. We discuss his portfolio allocation, investments, and how he and his wife achieved financial independence together. He also gave me some great marriage advice.
Mark and I have been co-lecturing for a few years and our pre-lecture conversations have always been very valuable as we talk openly about our investments and investment strategies. I hope you find our conversation as valuable as I do!
𝗧𝗼𝗽𝗶𝗰𝘀 𝗰𝗼𝘃𝗲𝗿𝗲𝗱: 0:00 - Intro 1:07 - What Dr. Soth is doing in retirement now 5:38 - Dr. Soth's Career as an ICU Doctor 9:32 - Getting Married & Having Kids 13:14 - Starting The Loonie Doctor Blog on the Side 27:09 - When did you become Financially Independent? 32:24 - Talking to wife about retiring early 34:51 - Deep Dive into Dr. Soth's Tax-Efficient Investment Portfolio 39:36 - Asset Allocation of Dr. Soth's Portfolio 42:49 - Bonds - why don't you have them? 46:31 - Preparation before retirement 51:47 - Whole Life Insurance in Retirement Planning 56:32 - IPPs: Was that in your retirement planning? 58:58 - Best/Worst Investment? Marriage Advice?
𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: This content is for education and entertainment purposes only. Any information, views, and opinions expressed are solely those of the presenter and are not a substitute for financial advice specific to your personal situation. Dr. Stephanie Zhou has no personal conflicts of interest to disclose and was not paid by any parties to conduct this interview of Dr. Mark Soth. Her channel (Breaking Bad Debt) is monetized and may feature ads due to a change in Youtube policy to include ads regardless of whether monetization is turned on or not. Dr. Mark Soth's blog (looniedoctor.ca) receives a small commission from Qtrade Direct Investing from accounts opened using the affiliate link on the site. The commission goes towards offsetting the costs of running his blog.
