Money Matters: Financial Wellness for Doctors

Led by Drs. Jane and Paul Healey

This event will be virtual.

Summary of Presentation

Drs. Jane & Paul Healey, founders of Physician Financial Independence (PFI) will lead this presentation that teaches physicians how to take control of their personal finances. PFI is an online discussion forum that allows physicians to teach each other without the industry bias and hard-sell tactics of the Canadian financial industry. Better financial management is an important tool that helps avoid the increasing burnout epidemic facing today’s physicians. The presentation will teach participants how to contextualize their spending to maximize happiness and to describe the different options available to invest and reach financial independence.

Learning Objectives 

• Recognize the relationship between burnout, quality patient care and personal finance.
• Discuss the lack of financial education in physician training and how increasing financial literacy can positively impact overall physician health and happiness.
• Calculate the time spent in clinical, administrative, educational and managerial roles and use this estimate to objectively protect your time and avoid burnout.
• Describe major concepts in finances and investing relevant to physicians at various stages of their careers in an evidence-based way and without industry bias 
• Appraise the evidence supporting different investing approaches.

Bios

Dr. Jane Healey is a hospital-based paediatrician at Trillium Health Partners in Mississauga. Dr. Paul Healey is an emergency physician at Oakville Trafalgar Memorial Hospital. Together they created the Physician Financial Independence online community in 2017. It is a space where physicians can teach each other about personal finance and happiness that does not accept any advertising and is free from industry bias. Jane & Paul are strong advocates for promoting financial literacy and reducing burnout in medicine. They pride themselves on being a neutral, non-biased source of information for Canadian physicians.