Planning Beyond the Paycheque: Dr. Mark Soth on Financial Literacy, Values & Physician Well-being

Season 2 - Episode 5

In this episode of The Hat Rack, host Dr. Bill McCauley sits down with Dr. Mark Soth, a critical care physician and creator of The Loonie Doctor, to explore the intersection of financial literacy, physician wellness, and career satisfaction. Drawing from personal experience and years of financial education outreach, Dr. Soth shares how financial independence isn't just about retirement—it's about reclaiming time, reducing burnout, and aligning your career with your values. From recognizing the hidden costs of physician culture to understanding the psychology of regret, this episode offers practical guidance for physicians at all stages of their careers. Whether you're early in practice or planning for retirement, this conversation will inspire you to be more intentional with your time, money, and purpose.

Referenced Resources:

• The Loonie Doctor – Dr. Soth's blog offering physician-focused financial education, tools, and perspectives. Available at looniedoctor.ca

• The Money Scope Podcast – Co-hosted by Dr. Soth and evidence-based portfolio manager Ben Felix, this podcast discusses financial topics through a physician-friendly lens. Available via podcast platforms or looniedoctor.ca/moneyscope

• Reboot Your Portfolio by Dan Bortolotti – A physician-friendly introduction to investing with practical strategies.

Find Something to Hang Your Hat On!

Listen to The Hat Rack podcast, where physicians in practice gain access to the strategies that CME/CPD experts and influencers use to effectively plan CME and implement change in their professional practice. The Hat Rack guests draw from their extensive experience as developers, contributors and promoters of CME/CPD, providing insights at local, provincial, national and international levels. 

Hosted by Dr. Bill McCauley, CPD Associate Dean at the Schulich School of Medicine & Dentistry, Continuing Professional Development, Western University in London, Ontario, Canada.

Questions, Comments, & Suggestions can be directed to [e-mail].