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Demetra: Is there anything you would recommend they do

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from a personal perspective to manage their finances?

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Calvin: Yeeh, that's a really good question,

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because of course you're right, they are totally intertwined.

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So, if you are cardiologist

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your income comes from one source.

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And therefore, once we factor in the business expenses,

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whatever's left over effectively is available for you and your family.

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And so, it's really a good time at this point in time

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to get a good handle on where you are

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financially, at a personal level.

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And so, really same sort of thing,

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cash flow is obviously critical,

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so if we see a decline, oftentimes

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certainly individuals and their families

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have a lot of set commitments as well.

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You know, if people have personal debt, including mortgages,

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obviously, have living needs and everything else like that too.

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So, when you got a squeeze at the top, in terms of revenue

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it does come down to the personal side.

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So, so really what we're sort of saying is that, you know,

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you should, if you have never done things such as budgeting,

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or having a handle on where exactly

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you spend your money as a family,

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this is a good time to take a look at that.

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Um, it's really a good time to maybe

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take a look, a step backwards,

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at your overall tax plan,

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so we are seeing a lot of questions around that.

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We got a lot of clients who are asking questions

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about their retirement planning,

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what exactly, where they're at in terms of debt,

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are they setting enough money aside for retirement,

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how can I maximize, maximize the amount of cash, after tax,

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and minimize things like my debt servicing costs

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on my mortgage and other, other things.

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So, so yeah, it's really important

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that people have a good handle on where they spend their money.

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And that, that would seem obvious to anyone,

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but oftentimes we've been fortunate,

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and cardiologists have been fortunate too, in that,

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you know, cash flow generally has been good

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and perhaps some of these things haven't been looked at as carefully.

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So, so I think it's a good time to take stock of where you're at

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and see if all of the expenditures that you are making

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are really, truly necessary.

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And at the same time, making sure that

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you're preparing for the future, because that of course,

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never stops in terms of,

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you should be planning all along for that.