Advertise on podcast: The Chiro Money Show

A doc told Scott that the RRSP is a bad deal: tax rates will only go up, and the more it grows, the more you're penalized taking it out. Scott and Chris take both claims apart in Part 1 of our RRSP series. Not sure where you stand? Take the Financial Clarity Assessment below. Alberta's income tax isn't flat; it has six brackets, from 8% to 15%. Capital dividends from a corporation are tax-free too, not just TFSA withdrawals. Net self-employment income builds RRSP room, not just salary. And $190,000 a year from a RRIF in Ontario, as your only income, is taxed at about 31% on average (2026 rules), not 29%. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Four conferences this fall, a banner that says exactly what we do, and the first question at every booth was still: "So... what do you do?" Scott and Chris share how they answer it, then work through the questions chiropractors ask next. What kind of returns can you get me? Can you save me tax? How should I pay myself? Where is all my money going? Am I on track? To finish, Chris walks through what working with a financial planner actually looks like, from the first call to three meetings a year. Enjoyed it? Rate and review the show. It helps other chiros find it. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Chris and Scott each brought one trick and one treat for Halloween. Chris's trick: pay yourself first, automatically. Scott's: private equity as a Kinder Surprise. You pay more for less chocolate, can't see what's inside, and can't easily get out. The treats: couples on the same page, the RESP and the TFSA. Then two horror stories. The $80 billion and $30 billion are in Canadian private real estate funds, not private equity** The 7–8% mentioned is illustrative, not a forecast. $109,000 is total TFSA room for 2026; next year's limit will increase by $7,500 to $116,500. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

If you didn't come home tomorrow, who would be short, and by how much? That's the whole question behind life insurance, and it's where Chris and Scott start. They size the cover for a made-up family, then explain why term insurance suits a need that ends and what permanent insurance is actually for. They also look at the life insurance a bank offers with your mortgage, line of credit or credit card, and why your cover deserves a review every year or two. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Money is just a backyard ultra unless you draw the line. Last weekend Chris ran a race with no finish line, where you keep running loops until you decide you've had enough. Most practice owners are running one too, as 100 visits a week becomes 150, then 250. Chris and Scott talk about why the goalpost keeps moving, a client who asked whether they could scale back and still reach their goals, what the research says about money and happiness, George Kinder's three questions, and what Joseph Heller told Kurt Vonnegut at a billionaire's party. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Your grandkids will never ask what your net worth was. So why do we have every client update theirs each fall? Chris and Scott explain what a net worth snapshot is for, why October and November beat December for a money review, and how to explain what changed over the year instead of just reading the number. Then they look ahead: what three quarters of real numbers from your practice and your household can tell you about 2027. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Welcome back for part 2 of the mini Q&A interviews we did down at Future Proof in Huntington Beach a few weeks ago! Enjoy! CHAPTERS 00:00 Part two from a money festival 01:55 Julia Chung — nobody admires grandpa's tax return 08:59 Markus Muhs — the cash piling up in your corporation 15:00 Cam Smith — the markets are voodoo 24:24 Connor Hewson — there is no secret sauce 27:48 Mark Gochnour — is the banana overvalued? 34:42 Where we'll be in October IN THIS EPISODE Julia Chung — Spring Planning, Vancouver Markus Muhs — Canaccord Genuity / Muse Wealth Partners, Edmonton Cam Smith — Clarify Wealth, Mississauga Connor Hewson — PWL Capital, Saskatchewan Mark Gochnour — Dimensional Fund Advisors The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Are you going to be okay? That's the question underneath almost every money conversation, so we took the mic to Future Proof in California and put it to five people who do this for a living. Five planners and advisors from both sides of the border, at what's billed as the world's largest wealth festival, Future Proof — four days outdoors on the beach. Why saving turns out to be easier than spending, what a financial plan is actually for, who needs to be in the room when it gets made, and what the research really says about money and happiness. Pt. 2 is out next Thursday. IN THIS EPISODE Adam Chapman — Yes Money Herman Chan — Crimson Financial Steph O'Mahoney — Vale Wealth Jennifer Strymecky — Transition Financial Shaun Maslyk — 🎙️ You Potential Podcast The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

There are two ways to get this wrong. Sit still, or floor it at something random — a random act of finance. They look like opposites, and they're the same problem: no plan underneath means nothing to say no to. Scott's client had a great practice, a good advisor, and a high six-figure cash pile in his corporation nobody had ever decided to do anything with. Chris runs the math on what that costs over five years, then admits he sat on his own house sale proceeds for weeks. The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

To join TIGER 21 you need twenty million dollars in investable net worth. Not your house. Not your business. Twenty million, liquid. Dr. Laurence Tham chairs two of those groups — one in Portugal, one global. Twelve to fifteen members meet every month, and at each meeting one member opens their entire portfolio to the room: net worth, allocation, everything they're in and everything they're getting into. In part two of our conversation, Laurence tells Scott and Chris what actually happens in that room. Almost none of it is about investments. It's about the difference between being frugal and spending on what you value, the pressure and guilt that show up after the money arrives, and why wealth creation and wealth preservation are two completely different skills. He also delivers the line that matters most for a practice owner: your practice is the engine, not the wealth. You will never get wealthy from chiropractic cash flow itself — you get wealthy from what you do with it. And he's honest about his own worst financial decision, which wasn't the quarter of a million dollars he lost in 2008. It was the decade of not investing that followed. Part one is in the feed if you missed it. FIND DR. LAURENCE THAM 🌐 His website → https://drlaurencetham.com/ 🤖 Align OS → https://app.getalignos.co/ 📸 Follow Laurence on Instagram → https://www.instagram.com/laurencetham/ The Chiro Money Show is hosted by Scott Campbell and Chris Scheele, financial planners with Align Wealth. We help chiropractors make better financial decisions so they can build stability in their finances and a lifestyle they love. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Ninety-four point seven percent of Dr. Laurence Tham's new patients came from referrals. He ran no new patient marketing to get there. Laurence graduated from CMCC in 2002 and has never practiced a day in Canada. One week after his board exams he flew to Australia with his new wife, five thousand dollars, and three months of locum work. Twenty years later he had built one of the largest chiropractic practices in Western Australia. In part one of our conversation, Laurence walks Scott and Chris through the decision that changed his life, the three pillars every practice runs on — attraction, conversion, retention — and why the one most chiropractors ignore is the one with the most upside. He makes the case that conversion and retention are communication problems, not marketing problems, and that a script will never do the job. He also shares his three rules for failure, why owning a practice is a different skill set than being a great practitioner, and where he thinks AI actually fits — which is not where you'd expect from someone building an AI tool for chiropractors. Part two comes out next Thursday: Laurence works inside TIGER 21 with families whose net worth starts at twenty million dollars, and we get into what carries over from those rooms to a chiropractor building a practice. FIND DR. LAURENCE THAM 🌐 His website → https://drlaurencetham.com/ 🤖 Align OS → https://app.getalignos.co/ 📸 Follow Laurence on Instagram → https://www.instagram.com/laurencetham/ — 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

You can absolutely build a low-cost, globally diversified portfolio on your own — that part of investing has been solved, and we're not arguing against it. But investing is only one of the six areas of financial planning, and for an incorporated chiropractor the other five are where the real money gets made or lost. In this episode, Scott and Chris break down the difference between DIY investing and DIY financial planning, why one decision like salary versus dividends can swing your net worth by six figures, and where AI actually falls short when it comes to building and implementing a real plan. They also lay out the profile of someone who genuinely can go it alone — and the signs that it's time to stop. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Money can only ever do two things: be spent now or be spent later. In this episode, Chris and Scott unpack what that simple truth means for chiropractors at every stage of their career, from the debt-heavy student years through practice growth, peak earnings, and eventually a practice sale. They share real client stories, including couples who are objectively crushing it but still feel like they should be doing more, and make the case for why spending money to buy back your time might be the highest-return investment you can make. You'll also get practical guardrails to keep it balanced, like the 50% raise rule and building guilt-free spending into your cash flow plan. If you've ever felt guilty hiring a house cleaner or taking a real vacation while carrying debt, this one's for you. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

Most practice owners believe the path to more income is more volume — more new patients, more visits, more everything. Dr. Jamie Richards built a practice doing over $1 million a year while being in the office every other Wednesday, and he says that belief is exactly what's keeping doctors stuck. In this conversation, Jamie breaks down his Retention Based Practice™ model: why a 100-visit-per-week practice should need only five new patients a month, how raising prices transformed a 400-visit practice into a more profitable 150-visit one, and the "acceptance mindset" that took his completion rates to 97%. He also opens up about $400K in business mistakes, building a team of associates that let him step back from the table, and why the first question is never "how do I grow?" but "what do I actually want?" Whether you're a seasoned practice owner or new associate fresh out of school, this episode will change how you think about growth. Connect with Dr. Jamie Richards: 🌐 Life by Design for Chiropractors → https://www.lifebydesignforchiropractors.com 📸 Instagram → https://www.instagram.com/lifebydesignforchiropractors ▶️ YouTube → https://www.youtube.com/@lifebydesignforchiropractors 💼 LinkedIn → https://www.linkedin.com/in/dr-jamie-richards-050756157 🏥 The Life By Design Centre → https://lifebydesigncentre.com 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca

A lot of chiropractors assume that incorporating unlocks a new world of tax efficiency — that anything remotely business-related can now be run through the corporation. This episode breaks down what a legitimate write-off actually is, using the CRA’s two real tests: was the expense necessary to earn income, and is the amount reasonable? We walk through the biggest gray areas — vehicles, home office, meals and entertainment, and golf — and explain the piece almost nobody understands: what “non-deductible” really means, how add-backs work at tax time, and why your corporation can still pay for things it can’t deduct. We also share a client story where tens of thousands of dollars in expenses got reattributed back as personal income, creating a surprise tax bill and a cycle that repeated year after year. If you’ve ever wondered whether you’re leaving money on the table — or quietly setting yourself up for a headache — this one will give you a clear framework and a much simpler system to follow. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp 🌐 Learn more about Align Wealth → www.alignwealth.ca