Stay ConnectedThe Your Financial Pharmacist Podcast is designed to empower pharmacy professionals to take control of their personal finances.
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Tim Ulbrich revisits his 2019 conversation with David Burkus, author of Friend of a Friend, to explore how we can rethink networking and build relationships that unlock new opportunities. This episode is brought to you by First Horizon.
Summary
In this week’s episode, YFP Co-Founder Tim Ulbrich revisits a 2019 conversation with David Burkus, best-selling author of Friend of a Friend, to explore how we can rethink networking and build relationships that unlock new opportunities. David, an expert in organizational behavior and network science, challenges traditional networking advice and highlights the surprising value of "weak ties"—connections we interact with less often but that can open unexpected doors.
He also explains the power of "dormant ties," structural holes, super connectors, and the importance of authentic engagement. Tune in for an insightful discussion on leveraging your network to drive success, both professionally and personally.
About Today's Guest
David Burkus is a best-selling author, a sought after keynote speaker, and Associate Professor of Leadership and Innovation. In 2017, he was named as one of the world’s top business thought leaders by Thinkers50.
His book, Friend of a Friend, offers readers a new perspective on how to grow their networks and build key connections—one based on the science of human behavior, not rote networking advice. He is also the author of Under New Managementand The Myths of Creativity. David is a regular contributor to Harvard Business Review and his work has been featured in Fast Company, the Financial Times, Inc magazine, Bloomberg BusinessWeek, and CBS This Morning.
David’s innovative views on leadership have earned him invitations to speak to leaders from a variety of organizations. He’s delivered keynote speeches and workshops for Fortune 500 companies such as Microsoft, Google, and Stryker and governmental and military leaders at the U.S. Naval Academy and Naval Postgraduate School. His TED talk has been viewed over 2 million times.
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Life insurance is essential for pharmacists to safeguard loved ones, cover student loans, and secure financial stability in the face of unexpected events. With significant debt and financial responsibilities, pharmacists require tailored coverage to meet their unique needs. In this episode, we tackle a listener's question about what to do once a 30-year term-life insurance policy ends.
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YFP Co-Founders Tim Baker and Tim Ulbrich discuss essential negotiation skills inspired by Chris Voss’s book Never Split The Difference, covering key strategies to boost your financial plan, mindset, and confidence.
Summary
In this episode, YFP Co-Founders Tim Baker and Tim Ulbrich have a valuable conversation on negotiation—an essential skill that impacts not only finances but also mindset and confidence. Inspired by Chris Voss's book Never Split The Difference, Tim and Tim explore negotiation techniques drawn from Voss’s experience as a former FBI hostage negotiator and break down why negotiation is vital for your financial plan, key goals, and practical strategies for navigating each step.
About Today's Guests
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
In this episode, we tackle a common question: what’s the best way to create and stick to a budget? There’s no one-size-fits-all answer, so it’s about finding a method that works for you. We’ll explore three popular approaches—No Budget, the 50/30/20 rule, and more—to help you discover a budgeting style you can stick with over time.
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Tim Ulbrich, YFP CEO, explores five often-overlooked areas of financial planning from credit, tax planning, emergency funds, insurance, and estate planning.
Summary
YFP CEO Tim Ulbrich dives into five critical—but often overlooked—areas of financial planning that deserve more attention. While these topics might not be as thrilling as investing, making big purchases, or debt reduction, they’re essential for a strong financial foundation. Tim covers the importance of: building and maintaining credit; proactive tax planning; establishing an emergency fund; reviewing health, life and disability insurance policies; and estate planning.
Learn how to give these areas the attention they deserve, helping you create a more resilient and well-rounded financial plan.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
In this episode, Tim Ulbrich shares his honest take on the popular Dave Ramsey 7 Baby Steps, what he thinks works and what doesn’t. Whether you’re new to these steps or already know them well, Tim reviews each step and breaks down the pros and cons from his perspective.
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Nate Hedrick and David Bright unpack the latest market trends, revealing how list prices can mislead, why appraisals tell the real story, and how smart renovations and a knowledgeable realtor can unlock hidden property value.
Summary
In this episode, hosts Nate Hedrick and David Bright dive into the latest twists and turns of the real estate market, giving an insider’s look at the fall slowdown and what’s really going on behind those flashy list prices. They reveal why the numbers you see don’t always tell the full story—and how true market value is actually determined through appraisals that factor in key details like location, size, age, and condition.
Nate and David also share their strategies for finding hidden value through smart renovations and why understanding local market trends can make or break an investment. Plus, they break down the critical role of a savvy realtor in spotting the right opportunities and navigating offers.
About Today's Guests
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends.
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Joe Baker, personal finance instructor, returns for inspiring conversation about purposeful living, the power of mentorship, and the enduring impact of a life well-lived.
Summary
In this episode, we welcome back Joe Baker, MBA for his third appearance on the show. Joe first joined us in 2019 with his former student Blake Johnson, where they shared the inspiring story of their debt-free journey, highlighting the pivotal role Joe played in Blake’s success. In 2020, Joe returned to discuss his book, Baker’s Dirty Dozen Principles for Financial Independence, sharing his expert insights on achieving financial freedom.
This time, we’re shifting focus to explore the themes of living and leaving a legacy. Joe opens up about the lasting impact he hopes to make through his teaching, his book co-authored with his daughter, Lindsey, and his dedication to giving back. He shares the story behind his two endowed scholarships, demonstrating his commitment to supporting and uplifting his community.
Join us for an inspiring conversation about purposeful living, the power of mentorship, and the enduring impact of a life well-lived.
About Today's Guest
Joe Baker is an instructor at the University of Arkansas for Medical Sciences College of Pharmacy, where he has been teaching personal finance for over twenty-five years. He holds a Bachelor of Business Administration from Southern Arkansas University and a Master of Business Administration from the University of Central Arkansas. Joe retired in 2019 from Pharmacists Mutual Company, where he spent twenty-eight years providing insurance and financial services to pharmacists across Arkansas.
As part of his commitment to giving back to the community, Joe has endowed two scholarships. The first supports students from his hometown of Emerson, Arkansas, who are enrolled at Southern Arkansas University. The second scholarship benefits students at the University of Arkansas for Medical Sciences College of Pharmacy who attended Southern Arkansas University.
Joe has been a guest speaker for academic and corporate groups nationwide, promoting financial literacy. Most recently, he co-authored a book on personal finance with his daughter, Lindsey Baker, titled Baker’s Dirty Dozen Principles for Financial Independence. Published in December 2020, the book is filled with humor and stories from contributors, offering a lively and engaging introduction to personal finance. It was ranked the #1 book by “Financial Education For Everybody,” a partner of Amazon, in their Financial Literature Category, and was also recognized by GoBankingRates.com as one of the “10 Financial Books That Will Change Your Life (and Finances).”
Joe and his wife Brenda reside in Little Rock, Arkansas.
Mentioned on the Show
Tim Ulbrich, PharmD, discusses the impact of recent federal interest rates on student loans, with a focus on how these changes affect borrowers currently attending school this fall.
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Tony Umholtz from First Horizon Bank returns to tackle the top 10 questions first-time home buyers often ask.
This episode is brought to you by First Horizon.
Summary
Tony Umholtz from First Horizon Bank returns to tackle the top 10 questions first-time home buyers often ask. With over 20 years of experience in the mortgage industry, Tony covers essential topics like when it's better to buy versus rent, the various lending options available, hidden costs beyond the down payment, how student loans impact your mortgage application, and more.
About Today's Guest
Tony Umholtz is the Senior VP of Mortgage Banking at First Horizon. He graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine.
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We all love our pets - but at what cost? YFP Co-Founders Tim Ulbrich and Tim Baker take a listener question on how to determine whether or not it makes sense to purchase pet insurance.
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In this episode, YFP Co-Founders Tim Ulbrich and Tim Baker tackle a question that has not gotten a lot of attention in recent years given the rise in interest rates, which is: “Should I refinance my mortgage and when is it a good time to refinance?”
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Tim Ulbrich and Tim Baker discuss the role of credit in financial planning: why it matters, how it works, what makes up a credit score, common credit misconceptions and more.
Summary
In this episode, Tim Ulbrich and Tim Baker discuss the role of credit in financial planning. They explore why credit matters, how it works, and how it influences important areas in your financial plan.
Tim and Tim break down the factors that make up a credit score, from payment history and credit utilization to the age of credit and hard inquiries.
They also dispel common credit myths, essential strategies for protecting your credit and identity, including the importance of monitoring credit reports.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Mentioned on the Show
In this episode, YFP Co-Founders Tim Ulbrich and Tim Baker dive into practical strategies for investors to navigate market volatility, especially in light of the turbulence we've experienced over the past year. They explore how to maintain a long-term perspective while acknowledging the real emotions—fear, anxiety, and uncertainty—that can arise during times of market fluctuation.
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Rich Delgado, Managing Director at DLP Capital, discusses passive real estate investing, particularly for pharmacists who may want to diversify their financial portfolio.
Summary
In this episode, Rich Delgado, Managing Director at DLP Capital, joins hosts David Bright and Nate Hedrick to explore passive real estate investing, particularly for pharmacists who may want to diversify their financial portfolio without the hassles of hands-on property management.
Rich explains how DLP Capital aligns investments with a focus on making a positive impact, turning financial success into lasting significance. The conversation dives into DLP Capital’s three primary activities: acquiring real estate, building new developments, and providing lending solutions to other real estate operators. Rich highlights how pharmacists can participate in these opportunities to create wealth while supporting meaningful community growth.
About Today's Guest
Rich Delgado is DLP Capital's Managing Director of Structured Products and Capital Markets. He has been with DLP for five years, raising debt and equity into DLP to finance the building of thriving communities and successfully scaling the company to over $1.3B in equity under management and $5.5B of Assets under Management. Before joining DLP, Rich enjoyed a 25+ year career in Structured Finance, mainly with two public companies, growing them each to over $600B in mortgage servicing rights. Rich is also a longstanding and active board member of Friends of Foster Children of Palm Beach, the American Heart Association's Executives with Heart, and the DLP Positive Returns Foundation.
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Dr. Brooke Griffin, founder of Bold Idea Group, shares her career journey in pharmacy academia to launching her own coaching business.
This episode is brought to you by First Horizon.
Summary
In this inspiring episode, Tim Ulbrich introduces Dr. Brooke Griffin, a coach, mentor, and founder of Bold Idea Group. Dr. Griffin shares her career journey in academia to eventually launching her own business, and opens up about the challenges and triumphs of her path, including the bold steps she took and valuable lessons she has learned along the way.
This conversation is packed with practical wisdom for anyone seeking career fulfillment and personal growth. Whether you're just starting your career or looking to make meaningful changes, Dr. Griffin’s journey and insights are sure to inspire you to take bold steps toward your own growth.
About Today's Guest
Brooke Griffin, PharmD, BCACP is a Professor of Pharmacy Practice and Vice Chair of Clinical Services at Midwestern University College of Pharmacy, Downers Grove. With over 20 years of experience in various ambulatory care clinics, she has worked on several multidisciplinary teams and precepted hundreds of students and residents.
She is a Professional Coach in Life & Work and is passionate about offering career support through a thought-provoking and creative process. She is a coach and mentor through several pharmacy organizations and speaks nationally on various professional development topics, including the importance of coaching and mentoring, time management, and work/life integration.
In 2022 she launched Bold Idea Group with a mission to inspire bold ideas from within. Her motivational podcast, Today’s Bold Idea, offers a five minute inspirational boost to start your day. She is on this self-development journey alongside all of you and believes “every pharmacist deserves a coach.”
Mentioned on the Show
On this week’s episode of the Rx Money Roundup, Tim Ulbrich, PharmD and YFP Co-Founder challenges listeners to think about and define what financial success looks like for them.
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Tim Baker, CFP® tackles 10 questions for those considering early retirement from sources of income, handling market volatility, health insurance options and more.
Summary
This week, Tim Baker, CFP®, RLP®, RICP® and Tim Ulbrich, PharmD are tackling 10 questions for those considering early retirement. They discuss sources of income in retirement, handling market volatility when no longer working, health insurance coverage options, timing to draw on Social Security, and much more.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Mentioned on the Show
On this week’s episode of the Rx Money Roundup, YFP Co-Founders, Tim Ulbrich and Tim Baker, take a question from Jacob in Cincinnati, OH: "How should I prioritize investing if my employer doesn't have a 401(k) match?"
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Kamren Gallon, PharmD shares how he is able to successfully flip and sell houses, the importance of mentors, and how he balances his real estate investments with his pharmacy career.
Summary
Kamren Gallon, PharmD returns to the show and shares his journey from flipping six to eight houses a year to 20-25 houses a year, emphasizing the importance of having a mentor. He also discusses the benefits of owner financing and how he balances his real estate investments with a full-time pharmacy career.
About Today's Guest
Kamren Gallon is a 3rd generation entrepreneur. He was introduced to real estate at a very early age. His father was a landlord in North Philadelphia and one day his life was tragically taken by a tenant. After this life changing event, Kamren was very eager to go into the medical field. After graduating pharmacy school from Hampton University in 2013, he spent the first few years of his career working overnight. It wasn't until 2017 after being robbed in the pharmacy that he realized one source of income was not enough. Shortly after that incident, Kamren put his childhood fears behind him and started to invest in real estate.
Kamren has successfully flipped and sold over 100 homes along with owning a 7 figure rental portfolio while working full time as a pharmacist and being a single father. He is currently on a mission to inspire and teach other busy professionals how to achieve the same level of success so they can also reach financial freedom through real estate investing.
Mentioned on the Show
Gathering wisdom from his own journey and those of many other pharmacists, Tim Ulbrich, YFP CEO, shares ten moves that are key in building a strong financial foundation.
Summary
YFP CEO and Co-Founder, Tim Ulbrich, distills the lessons learned from his own financial journey and from speaking with thousands of pharmacists about their financial plans into a list of ten moves that are key in building a strong financial foundation.
Whether you’re just getting started and have the opportunity to build a strong foundation from the beginning or you’ve been at it for a while and sense the need to reinforce that foundation, this week’s episode is for you.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
On this week’s episode of the Rx Money Roundup, YFP Co-Founder and CEO Tim Ulbrich, PharmD, discusses the point at which your savings should outearn your income as a pharmacist.
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Brandon Gerleman, PharmD shares the strategy for how he paid off $160k of debt.
This episode is brought to you by APhA.
Summary
Brandon Gerleman, a 2017 pharmacy graduate from the University of Iowa, shares his journey of paying off $160k of debt through not one, not two, but five refinances along the way. Brandon discusses his repayment strategy, why he decided for a more aggressive loan payoff, and what’s next for him and his family. He emphasizes the importance of living within your means, being aware of finances, and the impact of interest rates on repayment strategies. Brandon and his wife are now looking toward the future and he shares what other financial goals they are preparing for.
About Today's Guest
Brandon Gerleman, PharmD is a 2017 graduate of the University of Iowa College of Pharmacy. He currently works as a Senior Product Manager on the Pharmacy Product Team at Outcomes, where he manages products to help pharmacists practice at the top of their training and provides tools to help drive pharmacy campaigns and increase efficiencies. After graduating in 2017 with $161,000 in student loan debt, he paid it off in May 2024. Brandon and his wife, Mariah, have 2 children and live in a rural community in Iowa. He enjoys spending time with his family, golfing, and watching Iowa Hawkeye football.
Mentioned on the Show
On this week’s episode of the Rx Money Roundup, YFP Co-Founders, Tim Ulbrich and Tim Baker, discuss how potential interest rate cuts this September could impact you and your financial plan.
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Greg Zinis, PharmD, shares his journey into investing in real estate in and around his town of Norfolk, Virginia.
Summary
In this episode, Greg Zinis, PharmD shares his journey into investing in real estate in and around his town of Norfolk, Virginia. From buying his first property in 2010, a rental in Virginia Beach, to earning his Realtor’s license in 2024, Greg has expanded further into real estate investing. He also discusses the importance of his philanthropic goals.
About Today's Guest
Gregory Zinis was born and raised in the vibrant landscapes of Michigan, where his youth was filled with soccer games, hunting excursions, fishing trips, snowboarding adventures, and garage-building projects. Immersed in the state's rich outdoor culture, he developed a profound appreciation for adventure and craftsmanship. He pursued preliminary courses at Northern Michigan University before earning his Doctor of Pharmacy degree from Ferris State University. With a vision of escaping to a larger, sunlit city with surfing opportunities, he found his new home in Virginia.
Since 2009, Gregory has made a significant impact as a community pharmacist in Hampton Roads, where he has diligently supported patients with prescriptions, vaccines, health tests, and comprehensive medication therapy management. In 2010, he embarked on a new journey by purchasing his first home, which has been a versatile asset, serving as his primary residence as well as both short-term and long-term rental.
In his personal life, Gregory met and married his wife, Ashley, and together they have a bustling household of four children, two dogs, and two cats. During the pandemic, Gregory took a strategic year off amidst a company downsizing, which provided him with the opportunity to delve deeply into real estate and undertake a renovation of his primary residence in Ocean View, Norfolk. This transformative experience ignited a passion for real estate, leading him to earn his Realtor license in 2024. Now, Gregory is dedicated to helping others navigate the exciting journey of home ownership with the same enthusiasm and expertise that have defined his career.
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Tim Ulbrich interviews Emmanuel Ayanjoke, PharmD, on his journey to opening an independent pharmacy in Avondale, tackling challenges with vision, risk-taking, and community care.
This episode is brought to you by First Horizon.
Summary
In this inspiring episode, Tim Ulbrich interviews Emmanuel Ayanjoke, R.Ph, PharmD, MBA, a third-generation pharmacist with a passion for community care. Emmanuel shares his remarkable journey to opening an independent pharmacy in Avondale, Cincinnati. Driven by a desire to make a difference, he pursued a pain management and palliative care fellowship, gaining invaluable entrepreneurial experience along the way. Through the support of Project Oasis, a McKesson initiative aimed at addressing pharmacy deserts, Emmanuel was able to turn his vision into reality.
Despite facing significant financial challenges, including high student loan debt, Emmanuel underscores the importance of calculated risk-taking and the power of strong relationships. Emmanuel offers insights into the future of independent pharmacy and how he has strategically aligned his personal and business financial plans to achieve his goals. This episode is a must-listen for anyone interested in the evolving landscape of independent pharmacy and the bold steps required to succeed.
About Today's Guest
Dr. Emmanuel (Manny) Ayanjoke, R.Ph, PharmD, MBA is the proud owner of Altev Community Pharmacy in Cincinnati, Ohio. A graduate of University of Toledo College of Pharmacy, Dr. Manny has spent over 5 years serving various communities as a dedicated pharmacist. Before opening Altev, he worked at Ziks Family Pharmacy, honing his skills, and understanding the vital role of pharmacists in community health. His work as a clinical pharmacist at Ziks had notable success and he was featured as a keynote panelist at the American Pharmacist Association (APhA) 2022 conference. Alongside his clinical role at ZIKS Family Pharmacy, Dr Manny completed a fellowship in pain management and palliative care fellow at Cedarville University where he engaged in teaching, research, patient care, as well as creation of innovative ways to advance pharmacy practice.
Mentioned on the Show
On this week’s episode of the Rx Money Roundup, YFP Co-Founders Tim Ulbrich and Tim Baker discuss what the data has to say about the purchasing power of a pharmacist’s salary and whether or not it’s eroding to inflation and stagnant wages.
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In this episode of the Pharmacy Innovators series hosted by Dr. Corrie Sanders, we meet Dr. Aaron Emmel, a pharmacist with a diverse career path.
This episode is brought to you by YFP+.
Summary
In this latest episode of the Pharmacy Innovators series hosted by Dr. Corrie Sanders, we meet Dr. Aaron Emmel, a pharmacist with a diverse career path.
Dr. Emmel shares how open doors and opportunities led him on a journey from a community pharmacist to executive health system leadership and the pharmaceutical industry to entrepreneurship. With many lessons learned along the way, Dr. Emmel reflects on trusting his intuition, leaning on mentors, working hard and staying curious. Throughout his journey, he explored other income streams, including real estate investing, consulting and eventually launching Pharmacy Tech Scholar, an online education program for pharmacy technicians.
Dr. Emmel’s career journey exemplifies the extraordinary versatility and potential of a PharmD.
About Today's Guest
Aaron Emmel graduated with his Doctor of Pharmacy Degree from the University of Florida in 2007. After a short stint as a staff pharmacist at Walgreens, he was afforded an opportunity to work as a clinical pharmacist at his local community hospital. He developed a passion for critical care medicine and spent years as the dedicated ICU pharmacist. In 2015, he earned his Masters in Healthcare Administration from the University of North Florida. With a goal of moving into executive health system leadership, he transitioned into a role as the Director of the Clinically Integrated Network and ACO owned by the hospital and local physicians. He served in this role until 2018, when he made the decision to transition into the pharmaceutical industry where we worked in Medical Affairs roles until his decision to end employment in 2024.
Aaron launched his first business, SmarterMeds, in 2010. Focusing on MTM services, he learned many lessons on entrepreneurship and business before abandoning the effort in 2012. He first began consulting in 2014, and significantly increased this work following his departure from the hospital in 2018. In 2020, he launched Pharmacy Tech Scholar, an online education program for individuals interested in becoming certified pharmacy technicians. He also invests in real estate.
Aaron has been married to his high school sweetheart, Allison, since 2010. They have two amazing daughters, aged 8 and 11. In his spare time, Aaron loves traveling with the family, fishing, exercising, and fueling his coffee obsession.
Mentioned on the Show
This week, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, RICP®, discuss a question from the YFP community raised during a recent webinar: "What are the best ways to plan for healthcare costs in retirement?"
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Nate Hedrick, the Real Estate RPh, discusses six key steps in the homebuying process for first time buyers.
This episode is brought to you by Real Estate RPh.
Summary
Nate Hedrick, the Real Estate RPh, joins the show to talk about the pharmacist’s playbook to buying your first home. He discusses six key steps in the homebuying process including:
About Today's Guest
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
Mentioned on the Show
In the book The Millionaire Next Door, Dr. Tom Stanley writes: “One of the reasons that millionaires are economically successful is that they think differently.” So what is it that makes millionaires think the way they do and how can we learn to share a similar perspective?
Tim Ulbrich, YFP Co-Founder and CEO, breaks down the mindset of millionaires as shared in The Millionaire Next Door and how we can use Dr. Stanley’s observations to help us on our path toward financial success and freedom.
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Tim Ulbrich, YFP CEO, talks with the five recipients of the first YFP Gives scholarships.
Summary
This episode is filled with inspiration as we share the stories of the five winners of the first YFP Gives scholarship.
Let this episode be a ray of sunshine amidst some of the cloudy skies plaguing the pharmacy profession. If the future is in the hands of these outstanding students and new practitioners, then the future is bright. In this episode, you’ll meet:
Alyssa Falleni, clinical pharmacist who specializes in addiction treatment, HCV, and HIV and is currently working in HIV outpatient care at Hartford Healthcare
Momitul Talukdar, who after working in the radiology department at a hospital, discovered her calling as a nuclear pharmacist. Momi currently works at PETNET in Cleveland, OH
Perrigrine Garner, a pharmacy student at the University of Toledo with a passion for helping those in need and a dream of owning an independent pharmacy that caters to those with chronic medical conditions and disabilities
Ruth Adeyemi, a fourth-year PharmD/MPH Nigerian International student at the University of Florida College of Pharmacy and College of Public Health and Health Professions, with a deep-rooted commitment to improving health outcomes in underserved communities, particularly in her home country, Nigeria.
Ai Len Nguyen Phan, a Rutgers Industry Fellow at Roche Genentech in San Francisco, with a desire to work in medical affairs and give back to the pharmacy community through her mentorship to the Rutgers pharmacy students
About Today's Guests
Alyssa Falleni is a clinical pharmacist who specializes in addiction treatment, HCV, and HIV. After graduating from the University of Rhode Island, Alyssa went on to complete an ambulatory care residency at Hennepin Healthcare in Minneapolis, MN. Following residency, Alyssa completed a two-year VA Advanced Fellowship in Health Professions' Education, Evaluation, and Research (HPEER) at the VA in West Haven, Connecticut. She will be continuing her teaching with the Yale School of Medicine as she begins a new HIV specialty position with Hartford Healthcare.
Momi Talukdar, MS, PharmD Candidate 2024 is a graduate of Northeast Ohio Medical University College of Pharmacy. She's an incoming nuclear pharmacist at PETNET in Cleveland, OH. Along with her passion for nuclear pharmacy, she loves teaching nuclear pharmacy as an adjunct faculty at University of Wisconsin LaCrosse. In her spare time, Momi enjoys watching new films and art shows and trying out local coffee shops.
Ai Len (Aileen) Nguyen Phan is a second-year Rutgers Pharmaceutical Industry Fellow at Genentech, Inc. - Rare Blood Disorders Medical Science Liaison. She graduated from the University of Maryland, School of Pharmacy with her Pharm.D. and M.S. in Regulatory Sciences in 2023. She supported the US Medical Information & Communication Target Therapies teams during the first year of her fellowship. While Aileen has just recently started her industry career, she continues to give back to the pharmacy community through her mentorship to the Rutgers pharmacy students, such as supporting their scientific research on using artificial intelligence to assess oncology treatments.
Perrigrine Garner, a non-traditional student, and mother of three amazing daughters, is currently a P4 at the University of Toledo's College of Pharmacy and Pharmaceutical Sciences. Perrigrine is passionate about advocating for people with disabilities, especially in healthcare, as she is also a person with physical disabilities. Upon graduation, her dream is to help advance inclusivity in her community by opening an independent pharmacy that caters to those with chronic medical conditions and disabilities.
Ruth Adeyemi, a fourth-year PharmD/MPH Nigerian International student at the University of Florida College of Pharmacy and College of Public Health and Health Professions. Her journey in pharmacy is fueled by a deep-rooted commitment to improving health outcomes in underserved communities, particularly in my home country, Nigeria.
With this passion, she started The Compassionate Pharmacy Practice Project (TCPPP), a project dedicated to transforming the Nigerian pharmacy practice system. The goal is to ensure that Good Pharmacy Practice (GPP) and Compassionate Care are not just concepts but realities in both urban and rural areas, significantly improving health outcomes in these communities.
While Ruth is Nigerian, her commitment to improving health equity in underserved communities extends beyond borders. She is dedicated to her goal of ensuring that all patients, regardless of their neighborhood and built environment, receive the patient-centered, optimal, and compassionate care they deserve.
Mentioned on the Show
Tim Ulbrich, PharmD and Tim Baker, CFP®, RLP®, RICP® tackle a question received from a pharmacist on how confident we should or shouldn’t be in planning on social security benefits as a part of our retirement planning.
Mentioned on the Show:
Tim Ulbrich, YFP Co-Founder and CEO shares five wealth-building strategies to include in your own financial plan.
Summary
In this episode, Tim Ulbrich, YFP Co-Founder and CEO, shares five wealth-building strategies you can incorporate into your own financial plan. Drawing from his own financial journey, these strategies have been tested, refined, and used by Tim and his wife, Jess.
From setting savings goals to tracking net worth monthly to increasing your financial IQ, Tim makes setting up your financial path for success more attainable.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Tim Ulbrich, PharmD and Tim Baker, CFP®, RLP®, RICP® discuss a recent USA Today article titled, “Do we really need $1M in retirement savings? Not even close, one top economist says.”
Mentioned on the Show:
Bryan Neal, insurance agent, talks about the shifts in the insurance landscape and what real estate investors should consider to make sure their investments are protected.
Summary
Bryan Neal, insurance agent, returns to the YFP Real Estate Investing Podcast to talk about the shifts in the insurance landscape after COVID and what real estate investors should consider to protect themselves and their properties. He also shares his journey growing his own insurance business.
About Today's Guest
Bryan Neal, originally from Jonesboro, Arkansas, earned his bachelor’s degree from the University of Arkansas in Fayetteville. His career in the insurance industry began with a State Farm Agency, where he discovered his passion for the field. After a brief tenure with Farm Bureau, Bryan co-founded NRG Insurance. In 2021, Bryan sold NRG as he transitioned to launching a new agency, Treblestone Insurance.
Bryan and his wife, Rachel, welcomed their son, Nathan, in November 2020, and their daughter, Emma, in 2024. Bryan continues to expand Treblestone Insurance, with current focused marketing efforts in Tennessee.
Mentioned on the Show
Tim Baker, CFP and YFP Director of Planning answers questions from the YFP community on saving and preparing for retirement.
This episode is brought to you by First Horizon.
Summary
Planning and preparing for retirement can feel overwhelming. In this episode, Tim Baker, CFP®, RICP®, RLP®, makes the steps to planning for retirement more manageable. He answers three questions from the YFP community on retirement planning, including:
This episode is brought to you by First Horizon.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Mentioned on the Show
Sean Richards, CPA and Director of YFP Tax, talks about the 10 common tax blunders he saw and how to remedy those mistakes to optimize taxes in the year ahead.
Summary
July might not seem like the time of year to think about your taxes, but for Sean Richards, CPA and Director of YFP Tax, it’s a great time to make projections for the year ahead and remedy any blunders from last year’s return.
Reviewing 10 common mistakes he saw made with taxes in 2023, Sean breaks down ways to optimize your tax plan from utilizing HSAs, to adjusting withholdings, to making sure any side-income is planned for appropriately. Sean’s biggest piece of advice: planning ahead can help avoid these mistakes and can optimize your tax situation.
About Today's Guest
Sean Richards, CPA, received his undergraduate degree in Corporate Finance and Accounting, as well as his Master of Accountancy, from Bentley University in Waltham, MA. Sean has been a Certified Public Accountant (CPA) since 2015 and is currently pursuing his Enrolled Agent certification. Prior to joining the YFP team, Sean was the Senior Treasury Manager at PRA Group, a global debt buyer based in Norfolk, VA. He began his career at American Tower Corporation where, over 10 years, he held several positions in audit, treasury and accounting.
As the Director of YFP Tax, Sean focuses on broadening the company’s existing tax planning and preparation operations, as well as developing and launching new accounting offerings, including bookkeeping, payroll, and fractional CFO services.
Mentioned on the Show
Tim Baker helps parents navigate saving for their child’s college education, from projecting costs and balancing goals to 529 plans.
This episode is brought to you by First Horizon.
Summary
Most parents desire to contribute toward their child’s college tuition; however, knowing how much to save and plan for can be a bit of a moving target. How much is enough to save for college?
Tim Baker, YFP Co-Founder and Director of Financial Planning, lays out the financial roadmap to help parents navigate the complexities of college savings. Tim emphasizes the importance of prioritizing college savings, projecting future costs, and balancing these savings with other financial goals. He also breaks down the benefits of starting early and making consistent contributions to make the goal more attainable.
Learn more about education savings options, including 529 plans and Coverdale education savings accounts. Tim also shares the ⅓ rule for funding college education that listeners may find make the reality of saving for their child’s future education more attainable.
This episode is brought to you by First Horizon.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Mentioned on the Show
Nate Hedrick and David Bright outline six essential steps for maintaining and preparing properties between tenants to help minimize vacancy and maximize profitability.
Summary
In this episode, Nate Hedrick and David Bright delve into the intricacies of managing vacant rental properties. They outline essential steps for maintaining and preparing properties between tenants, emphasizing the importance of thorough inspections and necessary repairs or upgrades. The discussion includes:
Property Inspections: Conducting detailed video walkthroughs to document property conditions and compare them to original move-in lists.
Market Understanding: Analyzing market rent trends and comparable properties to set optimal rent prices.
Security Deposits: Managing security deposits in compliance with state laws to avoid legal issues and ensure fair treatment of tenants.
Property Upgrades: Planning and executing upgrades in advance to enhance property value and minimize vacancy periods.
Expense Tracking: Keeping detailed records of all expenses, including receipts and maintenance costs, for tax purposes.
Nate and David highlight the importance of being active in the management process to reduce vacancy periods and ensure a profitable investment. They also touch on the decision-making process between self-management and hiring a property manager, depending on personal preferences and circumstances.
Treating rental properties like a business, setting aside time for proper planning and execution during tenant turnover can help maximize profitability and create a safe living environment for future tenants.
About Today's Guests
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends.
Mentioned on the Show
Dr. Helen Sairany discusses the prevalence of burnout and trauma among pharmacists and the importance of addressing the root cause of trauma to lead to a path of healing.
Summary
Discussing the intersections of trauma, resilience, and identity, Helen Sairany, a pharmacist and author, explores the impact of childhood trauma on workplace functioning. Dr. Sairany discusses the prevalence of burnout and trauma among pharmacists and the need to address the root causes to ensure the well-being of the profession.
In this beautiful and powerful conversation, Dr. Sairany emphasizes the importance of recognizing the depth of human experience beyond labels and embracing coexistence, tracing back beliefs to their origins to overcome financial conflicts, and addressing the root causes of trauma to build healthier relationships.
About Today's Guest
As a 7-year-old Kurdish child in Iraq, a country torn by war and conflict, Helen was spotted by a U.S. Marine deployed to her country with a grenade in her hand, who saved her life by exchanging the grenade for a bag of candy. He later escorted her family and her out of war to seek refuge in the U.S.
Because of her turbulent childhood, she was diagnosed with complex PTSD in 2013. Thus, she aspire to live in a world where the vast majority are trauma-informed, feel psychologically safe and valued for the work they put out, and return home fulfilled.
Since the outbreak of the COVID-19 pandemic began, Helen have been open about her dormant childhood trauma. She have been traveling worldwide to give talks on topics such as trauma-informed care, leadership, and the workforce.
After having traveled to more than 100 countries worldwide, she developed an appreciation for the diverse mix of cultures, people, and traditions.
Her interest in trauma stems from personal experiences of living through wars, navigating complex relationships, and continually learning what it means to be human.
Mentioned on the Show
Tim Baker, YFP Director of Financial Planning, breaks down Medicare and long-term care insurance and what to consider when deciding on a policy.
Summary
Tim Baker, YFP Director of Financial Planning, breaks down the importance of long-term care insurance in retirement planning, highlighting the need to carefully consider the cost of these policies and how they fit into one's overall financial plan.
Tim also discusses Medicare parts A, B and D and the importance of understanding the enrollment period to avoid paying penalties.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Mentioned on the Show
Mike Byers, PharmD shares how he was able to achieve financial freedom and replace his retail pharmacist income through savings and real estate investments.
Summary
In this episode, Michael Byers, PharmD shares how he was able to achieve financial freedom and step away from his job as a retail pharmacist at age 42. Mike outlines how he went from a position of financial weakness to a position of financial strength through frugality and real estate investing. A father of two young boys, Mike talks about the importance of having options and flexibility in this season as he and his wife raise their family.
About Today's Guest
Mike Byers is a 2008 graduate of the University of Pittsburgh School of Pharmacy. He spent 16 years as a retail pharmacist for Giant Eagle where he worked as a staff pharmacist, a pharmacy team leader and a floater. After successfully investing in real estate for over 10 years, Mike decided to take a break from pharmacy in 2023 to spend time with his wife and two young boys. He loves his family, houses, outdoor adventure, and trying to find the right balance between YOLO and delayed gratification. He can be found on Instagram @DIYrentalGuy.
Mentioned on the Show
David Bright and Nate Hedrick share four creative strategies to consider when looking for investment properties in 2024.
Summary
As the housing market continues to be competitive with low inventory and high home prices, it can be hard to find those good investment deals. Drawing from their own experiences, David Bright and Nate Hedrick share four strategies to consider when looking for investment properties in 2024.
From looking at properties with problem tenants that landlords are looking to move on from; to properties that have been on the market for several days; to properties that are back on the market after failed inspections to finding properties with hidden potential, David and Nate share creative ways to find deals in this competitive real estate climate.
About Today's Guest
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends.
Mentioned on the Show
Dr. John Muchka, Founder of Pharm to Tables, talks about how he started the non-profit and its mission of helping end the hunger crisis in local communities.
This episode is brought to you by First Horizon.
Summary
In this episode, Tim talks with Dr. John Muchka, Founder of Pharm To Tables, a charitable organization uniting pharmacy professionals in a singular, focused mission of helping end the hunger crisis of our local communities
Dr. Muchka talks about how his service learning project during pharmacy school inspired the idea for Pharm To Tables, the why behind his passion to end hunger in local communities, how he was able to get his vision off the ground, and the lessons he has learned along the way.
About Today's Guest
Dr. John Muchka received his Bachelor’s degree in biochemistry from the University of Wisconsin- Madison followed by his Doctor of Pharmacy from South University School of Pharmacy in 2010.
Dr. Muchka is a seasoned clinical pharmacist with over 13 years of extensive experience in the healthcare field. Throughout his career, he has demonstrated a steadfast commitment to advancing pharmacy practice and improving patient care.
As a Pharmacy Residency Program Director, Dr. Muchka plays a pivotal role in shaping the next generation of pharmacy professionals. His dedication to mentorship and education has empowered countless pharmacists to excel in their careers and make meaningful contributions to the field.
In addition to his role as a clinical pharmacist and Residency Program Director, Dr. Muchka is also the Co-founder and president of Pharm to Tables Charitable Organization Inc. Under his visionary leadership, Pharm to Tables has emerged as a driving force in promoting overall community health by helping to end food insecurity.
Dr. John Muchka is a respected voice within the pharmacy community on a local and national level. He currently serves on the Pharmacy Society of Wisconsin Board of Directors. Dr. Muchka also represents Wisconsin in the American Society of Health-System Pharmacists House of Delegates. Through his active involvement in these organizations, Dr. Muchka advocates for policies and initiatives that elevate the profession of pharmacy and enhance the quality of patient care on a local, national and global scale.
Outside of work, John loves spending time outdoors with his wife Lindsey and two sons, Luke and Noah.
Mentioned on the Show
YFP CEO Tim Ulbrich talks with his dad, Tom Ulbrich, on entrepreneurship, fatherhood, and finances.
Summary
In celebration of Father’s Day, Tim Ulbrich talks with his own dad, Tom Ulbrich, to have a conversation on entrepreneurship, fatherhood, and finances.
During this wisdom-packed dialogue, Tom shares his career journey starting with running a family business, to developing an e-commerce business out of the basement of his home, to achieving his MBA in his 40’s, to his time in academia, and to now leading a large nonprofit in Western New York. Tom shares his thoughts on his two sons going from traditional to non-traditional career paths, how he and his wife, Lynn, have defined what it means to be living their rich life, and his take on redefining retirement and why it shouldn’t be a one-size fits all approach.
This special conversation highlights the generational throughline in the Ulbrich family of entrepreneurship and how career and life choices are about the journey, not the destination.
About Today's Guest
As a passionate advocate for small business and a former business owner himself, Tom Ulbrich intimately understands the power that entrepreneurship has to unlock human potential, create jobs, inspire wealth, and invigorate economies and communities across the globe.Tom is an entrepreneurial leader with broad-based management experience in both the for-profit and non-profit sectors. His passion for social innovation is focused on nurturing strong relationships and building consensus across diverse groups of stakeholders in the academic, for-profit, non-profit and government sectors.
During his prior tenure as an assistant dean at the University at Buffalo’s School of Management and School of Social Work he did extensive work in the field of social entrepreneurship with a focus on the emerging concept of the “entrepreneurial non-profit”. He retains an appointment at the UB School of Management as Executive in Residence for Entrepreneurship. He is a speaker and writer with a weekly newsletter titled Soar, Don’t Settle where he shares his thoughts about business, leadership and life. He is also a member of the Forbes Non-Profit Council and contributes content that you can find on Forbes.com. In May 2020, he became President and CEO of Goodwill of Western New York where he is working with a dedicated team to apply an interdisciplinary approach to social innovation in a real world setting.
Mentioned on the Show
Cory Jenks, PharmD, author, speaker and comedian talks about his newest book on fatherhood titled, “So I Guess I’m a Dad Now.”
Summary
On this episode, Tim talks with Cory Jenks, PharmD, a comedian, pharmacist, author, and speaker who helps create more adaptable, empathetic, and humanizing healthcare experiences. Cory shares his journey of writing his second book 'I Guess I'm a Dad Now', why he chose to write a book on fatherhood, the strategies he has employed in his journey of being a dad to three kids ages six and under, and why he and his wife Cassie used a Coast FIRE approach for their financial plan.
About Today's Guest
Cory Jenks is a convention breaking pharmacist, comedian, author, speaker, and dad from Tucson Arizona. Since earning his Doctor of Pharmacy degree in 2011 from the University of South Carolina, he has been on a mission to help people get off medications through lifestyle. Since 2013, he has taught, coached and performed improv comedy for thousands of people. And since 2022 when his 1st book Permission to Care: Building a Healthcare Culture that Thrives in Chaos, came out, he has been making readers laugh out loud while reading. His newest book, I Guess I’m a Dad Now, provides practical and hilarious tips, tricks, and stories to help new dads earn that "#1 Dad” shirt they will inevitably be gifted on Father's Day. With the little spare time he has, Cory enjoys harvesting rainwater, raising chickens, and attempting to play various sports with variable success. He is currently earning his Master’s Degree in Dad Jokes with the help of his daughter and two sons.
Mentioned on the Show
Tony Umholtz, Senior Vice President of Mortgage Banking at First Horizon, returns to discuss four questions prospective home buyers should consider.
This episode is brought to you by First Horizon.
Summary
Tony Umholtz, Senior Vice President of Mortgage Banking at First Horizon returns to discuss four questions that prospective home buyers must answer including buy now versus wait, rules of thumb lenders are using to determine lending limits, the potential impact of the recent settlement from the National Association of Realtors, and the current state of how student loan payments are being factored into the lending calculations.
About Today's Guest
Tony Umholtz is the Senior VP of Mortgage Banking at First Horizon. He graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots.
Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine.
Mentioned on the Show
Alex Cartwright, Founder and Managing Partner of HotelSHIFT, discusses a current hotel property that he is working to convert into affordable multifamily housing.
Summary
Nate Hedrick and David Bright talk with Alex Cartwright, PhD, Founder and Managing Partner of HotelSHIFT, a real estate investing firm that specializes in converting hotels into affordable multifamily housing. Alex, David and Nate discuss details about a hotel conversion property they are working on together in Houston, Texas.
Alex breaks down the project and his strategies for transforming struggling hotels into successful multifamily complexes. He gives tips on how to look for deals and mitigate risk. Alex also explains the benefits of economies of scale, syndication, and working with a team on large-scale real estate investments. Listen to learn more about why Alex plans to keep investing in the niche market of hotel conversion.
About Today's Guest
Alex Cartwright, PhD is the Founder and Managing Partner of HotelSHIFT, a real estate investing firm that specializes in converting hotels into affordable multifamily housing. Alex conducts macroeconomic analysis on target markets and conducts the underwriting for HotelSHIFT offerings. He is an experienced multifamily investor and has served as lead GP on multiple syndications. Alex has worked as a consultant with one of the biggest mobile homeowners in the country.
Alex is the Chair of the Management Department and Associate Professor of Economics in the College of Business at Ferris State University where he teaches classes on Managerial Economics, Economic Growth, and International Business. His Economics research has been published in several scholarly outlets, including The Cambridge Journal of Economics. Alex is an affiliated scholar with multiple Think-Tanks and has served as an Economic advisor to congressional candidates in Peru. Alex received a B.S. in Mathematical Economics from Hampden-Sydney College where he graduated Phi-Beta-Kappa, Summa Cum Laude and first in his major. He earned an M.A. and PhD in Economics from George Mason University where he was the F.A. Hayek Fellow in the program for advanced study of Philosophy, Politics, and Economics at George Mason University’s Mercatus Center.
Mentioned on the Show
Brentsen Wolf, PharmD, Founder and President of the nonprofit RxTeach, shares his journey of starting and leading a nonprofit organization.
Summary
On this episode, Tim Ulbrich connects with industry pharmacist Brentsen Wolf, PharmD about his journey starting RxTeach, a nonprofit organization dedicated to providing scholarships in the areas of advancing preventative medicine education and cancer research. Brentsen discusses the motivations behind starting RxTeach, how he was able to go from idea to getting it off the ground and shares the lessons he learned along the way. He also discusses his thoughts on the future of the organization and the efforts RxTeach is supporting.
About Today's Guest
Brentsen Wolf graduated with his PharmD from the Southern Illinois University of Edwardsville in 2021. He then completed a 2-year post-doctoral medical affairs fellowship through the Rutgers Pharmaceutical Industry Fellowship Program at Merck. Brentsen currently works as an MSL in thoracic malignancies in the pharmaceutical industry.
Brentsen is the President and Founder of RxTeach, a 501(c)(3) nonprofit organization dedicated to providing scholarships in the areas of advancing preventative medicine education and cancer research. Brentsen has a passion for health and fitness, professional development, and research. You can connect with him via LinkedIn and read all of his articles here.
Mentioned on the Show
Dr. Jamie Wilkey shares her entrepreneurial journey of building and selling a business on this episode of the Pharmacy Innovators series hosted by Corrie Sanders.
This episode is brought to you by YFP+.
Summary
In our YFP Podcast Pharmacy Innovators with Corrie Sanders series, Dr. Jamie Wilkey joins Corrie to discuss her entrepreneurship journey, emphasizing the importance of thinking big, pushing boundaries, and utilizing education to achieve success.
Dr. Wilkey shares her journey of transitioning from a community pharmacist role to building a successful pharmacogenomics practice, highlighting the importance of validating ideas, leveraging scrappy methods, and empowerment through helping others. Dr. Wilkey also shares her experience with selling a pharmacy business and valuable insights on their professional journey, emphasizing the importance of adapting to the changing landscape of the pharmacy industry and embracing digital business ownership.
About Today's Guest
Dr. Jamie Wilkey is a PharmD who loves what she does and brings passion and happiness to the pharmacy profession.
Jamie has had a varied career from working retail pharmacy, to owning, scaling and selling her own company, and to working as a consultant for top universities and companies. Jamie is optimistic about the future of pharmacy and knows great things are in store for those pharmacists who are willing to push boundaries, to think big, and to use the full extent of their education.
You can find her happily living debt-free with her 4 boys being outside as much as humanly possible and enjoying Utah's National Parks. Or reading. A lot.
Mentioned on the Show
YFP Co-Founder and Director of Financial Planning Tim Baker discusses six financial moves for mid-career pharmacists, including re-evaluating the vision for the financial plan.
Summary
Tim Ulbrich is joined by YFP Co-Founder and Director of Financial Planning, Tim Baker to discuss various financial planning strategies for mid-career pharmacists, including resetting the vision for the financial plan, prioritizing retirement planning and emergency funds, and reevaluating, reviewing and updating insurance policies.
Regularly reviewing and adjusting these funds to account for the various life changes ensures that policies align with current financial goals and circumstances. Tim and Tim also address the importance of having those uncomfortable conversations, such as end-of-life care and inheritance to avoid potential legal and financial issues in the future.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).
Mentioned on the Show
Nate Hedrick and David Bright discuss strategies for increasing property value through repurposing unused spaces.
Summary
Turning a hotel into apartments. Expanding a single-family house from a three-bedroom to a four-bedroom home. Converting warehouses into self-storage units.
Nate Hedrick and David Bright discuss strategies for increasing property value through repurposing unused spaces. Before jumping into a property conversion, David and Nate share the importance of understanding zoning laws and local market conditions to successfully execute these transformations. Tune in for ideas on how you can creatively repurpose your property for the best return on your investment.
About Today's Guests
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends.
Mentioned on the Show
Tim Ulbrich, PharmD (YFP Co-Founder & CEO) covers five questions that you should ask related to your emergency fund to determine whether or not it is adequately funded and optimized.
This episode is brought to you by First Horizon.
Summary
This week we’re diving deep into a financial fundamental that often flies under the radar: the emergency fund, also known as the rainy day fund.
Saving for unexpected expenses isn’t easy. It requires discipline, patience, and a leap of faith to stash away money for something you can’t predict. Especially when other financial goals, like paying off debt or investing, are competing for your attention.
In this week's episode, we explore why having an emergency fund is crucial. From unexpected medical bills to home repairs or sudden job loss, life throws curveballs when we least expect it. But having a well-stocked emergency fund isn’t just about having the dollars to cover these surprises; it’s about gaining peace of mind and confidence.
Join host, Tim Ulbrich, PharmD, as he covers 5 questions you should ask related to emergency fund to determine whether or not it is adequately funded and optimized. Remember, when life throws you a curveball, your emergency fund will be there to catch you.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Tim Ulbrich, PharmD (YFP Co-Founder & CEO) digs into how to successfully navigate finances with your partner and shares 25 questions you can use to frame conversations around money.
This episode is brought to you by First Horizon.
Summary
On this episode, we're talking about love and money! Discussing finances with your spouse, partner or significant other can be tricky sometimes. Tim Ulbrich shares 25 financial discussion questions to help you navigate these important conversations along with a free resource you can download to help get you started. From reflecting on your “money classroom” and the way you were raised to understand money to how you feel about debt, savings, and other important goals, Tim guides you through these important conversations. There is no one-size-fits all to managing finances in a relationship - but sharing the same vision and goals with your partner can set you up for success. This episode is brought to you by First Horizon.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
YFP Co-Founder & CEO, Tim Ulbrich, PharmD shares five key elements for building a strong financial foundation after graduation.
This episode is brought to you by YFP+.
Summary
On this episode sponsored by YFP+, host Tim Ulbrich outlines five key elements for building a strong financial foundation. Whether you are a pharmacy student looking ahead, a soon to be 2024 graduate, or a resident, fellow, or new practitioner trying to find solid financial footing, Tim shares what it means to build a strong financial foundation, no matter where you are in your career.
With the average pharmacist facing staggering student loan debt and often lacking financial knowledge, Tim shares practical strategies to help pharmacists begin to navigate debt management, investing, insurance coverage and retirement planning.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Dr. Ayush Gupta, founder of MD House Hacking, shares his journey into real estate investing and how it has helped him pursue financial independence.
Summary
In this episode of the podcast, hosts Nate Hedrick and David Bright welcome Dr. Ayush Gupta, a pediatric emergency room physician and seasoned real estate investor and founder of MD House Hacking.
After witnessing his colleagues lose their jobs and investments during the COVID-19 pandemic, Dr. Gupta felt prompted to explore other income opportunities, specifically in real estate investing. Dr. Gupta illuminates the concept of "house hacking" and its financial benefits, drawing from his own experience of purchasing a four-unit building with a minimal down payment and renovating it for profit.
Dr. Gupta shares his journey of acquiring multiple properties, including invaluable tips for negotiating with contractors, finding and financing deals, scaling investments and navigating market conditions.
About Today's Guest
Dr. Ayush Gupta, is a Pediatric Emergency Medicine Physician. He was born and raised in India. He moved to the US in 2012 to complete his Residency and Fellowship. Soon after Fellowship, he moved to New Orleans where he works Full time in the emergency department. But he isn't your average doctor. Witnessing COVID burnout, he started investing in real estate through househacking, living rent-free while empowering other healthcare heroes with house hacking and financial freedom tools. Now, he shatters the "just a doctor" label, advocating for multiple income streams and crafting an identity beyond medicine.
Mentioned on the Show
Derek Schwartz, PharmD, returns to talk about his debt free journey and his path toward FI/RE: Financial Independence, Retire Early.
Summary
On this episode, we check back in with Derek Schwartz, PharmD, on his debt free to FIRE journey. Derek was an early guest on the podcast back in 2017 when he was working toward becoming debt free by ambitiously paying off $180,000 in student loan debt.
Today, Derek returns to share a life update after successfully eliminating his student loan debt - from getting married to owning a home to becoming a father of two - Derek explains how he continues to save and view spending and how his journey toward an early retirement evolves as he pursues FIRE. Derek shares encouraging advice for new grads and anyone looking to pay down debt and what it can mean when you are truly financially free.
About Today's Guest
Derek Schwartz, PharmD, RPh is a 2014 graduate of Ohio Northern University Raabe College of Pharmacy who currently works with the Kroger Company in the Cincinnati, OH area. After graduating in 2014 with over $180,000 in debt, he paid it off in March 2018. Derek and his wife, Jessica, married in October 2020, and have two children: Julia, age 2, and Calvin, 8 months old. The family of four have a happy and busy life in Cincinnati, Ohio.
Mentioned on the Show
Nate Hedrick, The Real Estate RPH, discusses how to avoid the trap of becoming house poor, the ever-lively debate of renting vs buying a home, the costs of buying a home, and how to determine how much house you can afford.
Summary
In this episode sponsored by Real Estate RPh, host Tim Ulbrich chats with pharmacist and real-estate agent Nate Hedrick, CEO and founder of Real Estate RPh all about the costs of home buying. Beyond the initial down payment and monthly mortgage payment, there are a lot of expenses with home ownership. Some expenses can be expected and planned for, others can catch you by surprise, as Nate and Tim have both learned.
Hear valuable insights and resources for pharmacists looking to purchase a home, covering topics such as down payment assistance options, planning for those unexpected expenses, and creative ways to help achieve the goal of home ownership.
About Today's Guest
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since.
After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
Mentioned on the Show
In another episode of the Pharmacy Innovator series, Dr. Kelley Carlstrom, CEO and founder of KelleyCPharmD, discusses entrepreneurship in oncology pharmacy.
Summary
On this episode, we have another segment of the YFP Podcast's Pharmacy Innovator series! Hosted by Corrie Sanders, PharmD, this series is tailored for pharmacists venturing into entrepreneurship, featuring stories and strategies for aspiring pharmacy entrepreneurs.
This week, we delve into the dynamic world of entrepreneurship within oncology pharmacy with Dr. Kelley Carlstrom. Kelley is a board-certified oncology pharmacist and CEO and founder of KelleyCPharmD, which addresses crucial gaps in clinical oncology training. Dr. Carlstrom shares her experiences working in traditional and non-traditional settings, healthcare technology, insights on her transition from employee to entrepreneur, her evolving business model, and opportunities in oncology for pharmacists. Kelley also discusses how to monetize your expertise and the value of communities when starting a business.
About Today's Guest
Kelley Carlstrom is the CEO and founder of KelleyCPharmD, an education company that fills the considerable gap in clinical oncology training. She is passionate about democratizing oncology pharmacy education and increasing accessibility and inclusion through her unique L.E.A.R.N Oncology Method.
Kelley received her Doctor of Pharmacy from The University of Colorado and completed post-graduate residency training at Beth Israel Deaconess Medical Center and Dana-Farber Cancer Institute in Boston, MA.
She is a board-certified oncology pharmacist that has worked in a variety of traditional and non-traditional settings including at large academic and small community cancer centers, as a consultant for a large electronic medical record implementation, and in the healthcare technology space helping create digital products for oncology clinicians and patients.
Kelley is also a prolific content creator, sharing clinical and motivational pearls about oncology. She is part of the LinkedIn Top Voices program, an invitation-only program that recognizes and celebrates the most influential and engaging professionals on LinkedIn.
Mentioned on the Show
Hosts David and Nate break down the NAR settlement and what it means for the future of buying and selling homes.
Summary
On March 18, 2024, the National Association of Realtors (NAR) announced it had reached a $418 settlement in an antitrust lawsuit. NAR, which represents over one million Realtors, agreed to put in place a new set of rules, including changes to the typical 6% of the sale price paid by sellers toward a fee split between the buyer’s agent and seller’s agent. Hosts David Bright and Nate Hedrick, who is a licensed real estate agent himself, break down the ramifications of this ruling and what it means for the way Americans buy and sell homes.
About Today's Guests
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends.
Mentioned on the Show
Tim Ulbrich discusses the importance of creating a legacy folder to organize essential financial documents for access during emergencies and peace of mind.
Summary
In this episode, YFP Founder and CEO, Tim Ulbrich, delves into the critical aspect of establishing a "legacy folder" to efficiently organize essential financial documents and accounts. This folder serves as a vital resource in emergencies, streamlining access for loved ones and averting confusion or delays. Drawing from personal experience, Ulbrich shares how he and his wife maintain their financial plan and essential documents in a shared electronic folder and a secure physical safe at home, ensuring accessibility and peace of mind during unforeseen circumstances.
Tim explores the contents of the legacy folder, which encompass a comprehensive checklist, electronic copies, and hard copies of vital papers such as birth certificates and social security cards and other critical documents like insurance policies and estate planning materials.
Learn how to proactively organize your financial affairs to safeguard against unforeseen events, ultimately fostering financial peace of mind and security.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Tim Gauthier, a pharmacist and entrepreneur of two learning platforms shares advice for pharmacists seeking to monetize their clinical expertise. This episode is sponsored by APhA.
Summary
This week on the YFP Podcast, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, welcomes antimicrobial stewardship pharmacist and fellow pharmacy entrepreneur, Tim Gauthier.
Tim is the creator of IDStewarship.com and LearnAntibiotics.com. During the show, Tim and Tim discuss the genesis for creating these two learning platforms, how Tim has monetized his clinical experience to create passive streams of income, and how he manages to stay consistent in entrepreneurship while balancing a full-time pharmacy career and fulfilling personal life.
Listeners will hear about Tim's pathway to pharmacy, what drew him into the profession, his passion for infectious disease pharmacy, and what he was hoping to accomplish with his learning platforms, IDStwardship.com and LearnAntibiotics.com. Tim walks us through the content and resources available on his websites and how he has monetized them while providing a wealth of free content to his community. Making things passive and generating passive revenue streams is crucial to Tim, and he shares the tools and systems he has put in place to make that goal possible while balancing other obligations.
Tim also discusses the incredible value of community and how he has built an active, engaged pharmacists community that contributes to the platforms in multiple ways. Tim closes with advice for pharmacists looking to follow a similar path in monetizing their clinical expertise.
About Today's Guest
Timothy P. Gauthier, Pharm.D., BCPS, BCIDP is a pharmacist trained in infectious diseases and antimicrobial stewardship. He is a clinician, researcher, educator, and author. He is an advocate for antimicrobial stewardship and pharmacy education.
Dr. Gauthier graduated from Northeastern University’s School of Pharmacy (Boston, MA) in 2008. He then completed a Post-Graduate Year-1 Pharmacy Practice Residency and a Post-Graduate Year-2 Infectious Diseases Pharmacy Residency at Jackson Memorial Hospital (Miami, FL). Since finishing terminal training he has worked in academia (Nova Southeastern University, 2010-2015), clinical practice (Miami Veterans Affairs Healthcare System, 2015-2019), and a leadership role (Baptist Health South Florida, 2019-current), all focusing on advancing the fields of infectious diseases pharmacy and antimicrobial stewardship.
He holds certifications from the Board of Pharmacy Specialties for Pharmacotherapy and Infectious diseases. He has completed the Making A Difference in Infectious Diseases Pharmacotherapy Antimicrobial Stewardship Training Program.
He is the creator and editor-in-chief of www.IDstewardship.com, www.LearnAntibiotics.com, and the many @IDstewardship social media profiles. He co-hosts the #ASPchat each month on Twitter. He reaches thousands of people each day on the internet and on social media, where he aims share reliable and relevant information from the world of pharmacy and healthcare in general. IDstewardship.com alone has registered over 5,00,000 page views as of November 2022.
Mentioned on the Show
Attorney Brian Boyd shares his passion for educating real estate investors on tax strategies and wealth creation through real estate.
Summary
On this episode of YFP Real Estate Investing Podcast, hosts Nate Hedrick and David Bright welcome special guest, attorney Brian Boyd.
Brian, a passionate advocate for educating real estate investors on tax strategies and wealth creation through property investments, offers valuable insights on getting started, scaling up, and creating a lasting legacy. His expertise extends to conducting seminars and speaking engagements, making him a valuable resource for those looking to enhance their understanding of real estate and taxes.
This insightful discussion on real estate investing, featuring personal stories, expert advice, and practical strategies will help seasoned investors and those just getting started on their real estate investment journey to navigate the complex world of property investments and taxation.
About Today's Guest
Brian T. Boyd is a skilled business litigation attorney who works hard to address your legal problems in Franklin and throughout Middle Tennessee. At the Law Office of Brian T. Boyd, PLLC, clients receive large law firm experience and capability, plus the attentive personal service of a small law firm. Clients, big and small, get the same superior service for every business formation, commercial litigation, tax, or estate planning need. Brian will listen carefully as you express your wishes and goals. He responds with realistic assessments and uses his legal knowledge to chart the correct course of action. He is as invested in you as you are in him. Whether Brian acts as general counsel for your company or addresses an individual entrepreneur’s urgent legal matter, you receive sound recommendations and maximum availability to his expertise throughout the legal process.
Mentioned on the Show
YFP’s Tim Baker addresses key questions from the community, covering retirement savings, cost of living, and the importance of the nest egg calculation.
Summary
On this week's episode of the YFP Podcast, host Tim Ulbrich is joined by YFP Co-Founder and Certified Financial Planner, Tim Baker, to dive into some of the most common questions from the YFP community. He covers topics ranging from debt repayment to investing and retirement planning in three key questions:
How much do I need to save in order to retire? How do I determine what is enough?
The intricacies of cost of living and understanding the income you'll have in retirement.
Why the nest egg calculation is crucial in financial planning.
Our discussion also delves into the pros and cons of paying off low-interest debt, such as student and auto loans, versus investing. Tim Baker also shares the strategies for prioritizing debt repayment, retirement savings, and saving for a house down payment.
In a particularly insightful segment, Tim and Tim tackle a question from a listener with a $200,000 student loan balance, where Public Service Loan Forgiveness (PSLF) isn't an option. Tim Baker shares his perspective on weighing the decision between paying off the loans and pursuing forgiveness over 20-25 years, including the potential tax implications.
Join us as we navigate the complexities of financial planning and empower you to make informed decisions for a secure financial future.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), two kids (Olivia and Liam), and dog (Benji).
Mentioned on the Show
Tony Umholtz of First Horizon shares insights on the real estate landscape for 2024. Sponsored by First Horizon.
Summary
In this week's podcast sponsored by First Horizon, we're joined by Tony Umholtz, a Mortgage Loan Officer from First Horizon, to delve into the housing market updates and trends for 2024. He shares insights on current rates, supply/demand dynamics, and the impact of projected Fed Rate cuts in 2024 on the market. The episode explores the pros and cons of buying a home now versus waiting and delves into assumable rate mortgages—what they are, how they function, eligible loan types, and their growing popularity.
About Today's Guest
Tony Umholtz is the Senior VP of Mortgage Banking at First Horizon. He graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine.
Mentioned on the Show
Dr. David Zgarrick, retired professor, redefines retirement after 30+ years in academia and shares insights on embracing a fulfilling post-pharmacy life.
Summary
This week on the YFP Podcast, we revisit a classic episode. On episode #291, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, welcomed Dr. David Zgarrick, a Professor Emeritus of Northeastern University, to the show to discuss redefining retirement. Some highlights from the episode include Dr. Zgarrick sharing his views on his next phase in life, after 30+ years in academia, as a preferment phase of his career. He shares how and why he started planning for his financial future early on in his life and career and hands down advice for new pharmacy graduates facing competing financial priorities. Throughout the discussion, listeners will hear Dr. Zgarrick speak on standout moments from his pharmacy career, the impact his financial choices have had on that journey, and ultimately his decision to enter this preferment stage of his career. He shares excitement for retirement and this next phase of his life, what he means by a preferment phase, and how retirement can be an opportunity to experience a rich, fulfilling life outside of pharmacy without the guilt of competing responsibilities. Listen for helpful advice Dr. Zgarrick took from his financial advisor regarding his first year of retirement and how factoring in a cross-country move played a role in his retirement and financial plan.
About Today's Guest
David P. Zgarrick, Ph.D., is a Professor Emeritus in the School of Pharmacy and Pharmaceutical Sciences at Northeastern University. His prior positions include Associate Dean of Faculty at Northeastern’s Bouvé College of Health Sciences, Acting Dean of Northeastern’s School of Pharmacy and Pharmaceutical Sciences, Chair of the Northeastern’s Department of Pharmacy and Health Systems Sciences; John R. Ellis Distinguished Chair of Pharmacy Practice at Drake University College of Pharmacy and Health Sciences; and Vice-chair of Pharmacy Practice at Midwestern University Chicago College of Pharmacy. He is a licensed pharmacist, receiving a BS in Pharmacy from the University of Wisconsin - Madison and a MS and Ph.D. in Pharmaceutical Administration from The Ohio State University. Dr. Zgarrick taught pharmacy practice management and entrepreneurship in the health sciences. His scholarly interests include pharmacy workforce research, pharmacy management and operations, pharmacy education, and development of post-graduate programs. He has published over 150 peer-reviewed manuscripts and abstracts, is co-editor of the textbook Pharmacy Management: Essentials for All Practice Settings (5th Ed), and authored the book Getting Started as a Pharmacy Faculty Member. He was editor-in-chief of the Journal of Pharmacy Teaching, Executive Associate Editor of Currents in Pharmacy Teaching and Learning, and an editorial board member of Research in Social and Administrative Pharmacy. Dr. Zgarrick is active in many professional organizations, including the American Pharmacists Association (APhA) and the American Association of Colleges of Pharmacy (AACP). He served on AACP’s Board of Directors for 12 years, including as Treasurer from 2016 - 2022. Dr. Zgarrick also serves on the Board of Visitors for the University of Wisconsin School of Pharmacy, the Board of Grants for the American Foundation for Pharmaceutical Education, and is a Fellow of the American Pharmacists Association.
Mentioned on the Show
Tim Ulbrich shares the importance of setting a budget for achieving your financial goals and five steps to help you get started.
Summary
In this week's episode, we learn all about one of the key first steps to mastering your money: creating a budget. You’ll learn how to implement a budgeting system that not only works, but is also enjoyable. Tim Ulbrich, YFP Founder and CEO shares a practical five-step process to help you get started. A budget isn't a restrictive tool, but an important instrument that can empower you on your journey toward financial well-being and help align your money with your vision for a rich and fulfilling life.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
David and Nate welcome back Dylan Koch to the show to share how he went from a full-time career as a pharmacist to full-time career in real estate investing.
Summary
In this episode, David and Nate welcome back Dylan Koch, PharmD, RPh to the show to share how he went from a full-time career as a pharmacist to full-time career in real estate investing.
Dylan shares that there are actually many skills from his training as a pharmacist that have helped shape his success in real estate investing. Through a lot of hard work, Dylan has grown his real estate portfolio and now focuses exclusively on his real estate ventures. He shares the journey of the transition from pharmacy to real estate and the financial strategies he had in place to set him up for success on his new career path.
Whether you’re looking to explore real estate investing as a side hustle or curious about jumping in full-time, Dylan’s story is all about how both paths can offer meaningful opportunities.
About Today's Guest
Dylan Koch, PharmD, RPh, was born and raised in a small town in western Ohio. Always knowing financial prudence was important, he started to read personal finance books close to pharmacy school graduation. After spending hundreds of hours learning about personal finance and investing, Dylan decided that real estate would be his preferred method towards financial independence. Upon graduating in 2017, Dylan built a small portfolio of 13 units with some partners, sold the entire portfolio, and built back up his own portfolio to 10 units. Dylan left full time pharmacy in October of 2021 to do real estate full-time and fast-track his path towards financial independence.
Mentioned on the Show
Tim Ulbrich reviews seven impactful finance books he recommends for both seasoned investors and beginners to gain strategies and inspiration for success.
Summary
In this episode, Tim Ulbrich continues the discussion from Episode 341 on "5 Financial Moves to Make in 2024." The fifth "move" was about "setting a plan for your personal finance learning," and this week, Tim dives into seven personal finance books that have profoundly influenced his financial journey.
With no particular order in mind, Tim shares insights from each book and how he has implemented key takeaways into his own financial plan. You can find links to all these recommended books in the show notes. Tim emphasizes that these are not just any books – they are ones he frequently recommends or gifts to others, and they have played a crucial role in his and his wife, Jess’, journey towards achieving financial freedom.
Whether you're a seasoned investor or just starting on your financial journey, these books are a must-read (or re-read) in 2024. Tune in for valuable insights and inspiration to help you pave your way to financial success!
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Jimmy Pruitt, PharmD, Founder & CEO of Pharmacy & Acute Care University, shares insights on his entrepreneurial journey and the EMPower Rx Conference.
Summary
In this week's episode, join our conversation with Dr. Jimmy Pruitt, a Clinical Pharmacy Specialist in Emergency Medicine at Atrium Health. Dr. Pruitt wears multiple hats as the Founder & CEO of Pharmacy & Acute Care University and the brains behind the EMPowerRx Conference. Our conversation delves into his fascinating entrepreneurial journey, exploring the roots of why and how he embarked on this path.
Throughout the episode, we gain valuable perspectives on the intricacies of balancing professional commitments and entrepreneurial endeavors. Dr. Pruitt shares his experiences, lessons learned, and the strategies he employed to overcome obstacles on his journey. Dr. Pruitt also shares his vision for the EMRower Rx Conference - a unique conference and continuing education experience for professionals in emergency medicine pharmacotherapy.
Tune in to this insightful conversation with Dr. Jimmy Pruitt to glean wisdom from his unique blend of clinical expertise and entrepreneurial spirit. Whether you're navigating the realms of healthcare, entrepreneurship, or both, this episode offers valuable insights and inspiration for the road ahead.
About Today's Guest
Dr. Jimmy Pruitt is originally from Orlando, FL, and is a combination of nerd and gym junky having a background as a division 1 cornerback then turned Doctor of Pharmacy from Presbyterian College School of Pharmacy in 2017. He completed a PGY-1 Pharmacy Residency at Florida Hospital Orlando, and then went on to Grady Health System in Atlanta GA for his PGY2 Emergency Medicine Residency. Dr. Pruitt is currently an Emergency Medicine Clinical Pharmacy Specialist at the Medical University of South Carolina in Charleston, SC.
Dr. Pruitt was honored with the Excellence in Diversity from MUSC College of Pharmacy, Presbyterian College School of Pharmacy (PCSP) Alumni of the Year, and keynote speaker for the 2021 PCPS graduation. Dr. Pruitt’s professional interests include cardiac arrest, shock syndromes, trauma, and hosting the #1 Emergency Medicine Pharmacy Podcast “Pharm So Hard” and operation his new pharmacy academy called Pharmacy & Acute Care University.
Mentioned on the Show
Tim Ulbrich and Sean Richards, CPA, discuss the tax preparations listeners should be considering ahead of the 2023 filing.
Summary
In this episode, Tim Ulbrich and Director of YFP Tax, Sean Richards, CPA, discuss the tax preparations listeners should be considering ahead of tax season and the 2023 filing. Whether you DIY your taxes or work with a professional, there are documents that need to be on hand to file your taxes. Sean shares essential tax moves for the year, emphasizing the significance of being proactive for the 2024 tax season. Sean also discusses the value of a year-round approach to taxes and the in-house services by episode sponsor, YFP Tax, showcasing the value of personalized, holistic tax planning.
About Today's Guest
Sean Richards, CPA, received his undergraduate degree in Corporate Finance and Accounting, as well as his Master of Accountancy, from Bentley University in Waltham, MA. Sean has been a Certified Public Accountant (CPA) since 2015 and is currently pursuing his Enrolled Agent certification. Prior to joining the YFP team, Sean was the Senior Treasury Manager at PRA Group, a global debt buyer based in Norfolk, VA. He began his career at American Tower Corporation where, over 10 years, he held several positions in audit, treasury and accounting. As the Director of YFP Tax, Sean focuses on broadening the company’s existing tax planning and preparation operations, as well as developing and launching new accounting offerings, including bookkeeping, payroll, and fractional CFO services.
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Hosts Nate Hedrick and David Bright discuss the benefits of Real Estate Professional Status (REPS) - what it is and how you can use it for tax advantages.
Summary
In this episode, pharmacists and real estate investors Nate Hedrick and David Bright share insights into balancing pharmacy work with real estate investing. The podcast explores part-time pharmacy work and real estate strategies, emphasizing the benefits of Real Estate Professional Status (REPS) for tax advantages. How much time you spend and what you do with that time in real estate can open a lot of doors and create some enormous benefits, particularly if you can meet criteria as a REPS. Nate and David highlight the importance of tracking hours for tax benefits, and consulting accountants for sound tax strategy advice for anyone interested in REPS.
About Today's Guests
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends.
Mentioned on the Show
Kristen & Nate Hedrick share their journey paying off $250k student loan debt from the motivation to the role of side hustles and real estate investing.
Summary
How do you go about aggressively paying off a $250,000 student loan debt without feeling overwhelmed? To help answer that question, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by fellow pharmacists Nate Hedrick, PharmD, and Kristen Hedrick, PharmD, BCACP. The Hedricks tell us how they successfully paid off over $250,000 in student loan debt, their motivation for tackling that debt, the pivotal moment that sparked making repayment a priority, and the role a side hustle and real estate investing played in their journey. After a brief history of Kristen’s background, listeners will hear what motivated the couple to take an aggressive stance on their debt repayments, how a life-changing event and one book altered their financial philosophy, and how the pandemic helped them focus on their strategy. Nate and Kristen share their reasons behind paying their debt off now instead of putting their money toward investments and how they found an additional $3,443 per month to make their goal attainable by reducing expenses and increasing their income. This earnest conversation takes us through the possibilities of working full time, raising a family, making investments, and paying off a huge debt, all at the same time. Nate and Kristen talk about their life after paying off this debt and share some advice for pharmacists who may be struggling with a similar debt situation.
About Today's Guests
Nate and Kristen Hedrick met at Ohio Northern University and were married in 2013. Nate is a pharmacist with Medical Mutual and a real estate agent with Berkshire Hathaway. Kristen is a pharmacist with Bon Secour Mercy Health. Together, they graduated with over $300,000+ in student loan debt. They enjoy visiting National Parks as a family. Today they live in the suburbs of Cleveland, Ohio, with their two daughters, Molly and Lucy, and their rescue dog Lexi.
Nate is also the co-host of the YFP Real Estate Investing Podcast.
Mentioned on the Show
Tim Ulbrich, YFP CEO, shares 5 key moves for financial success, emphasizing automation, proactive tax planning, document organization, and continuous learning.
Summary
In the first episode of the New Year, YFP CEO and financial educator, Tim Ulbrich, unveils a financial roadmap for 2024, emphasizing five key moves for achieving financial success and living a rich life. Tim highlights the pivotal role of automation in financial planning, proactive tax planning, the importance of organizing financial documents and the significance of continuous learning. He shares his personal financial goals and the systems he uses to organize and prioritize his financial goals. Tune in to gain insights and actionable steps for mastering your finances in 2024.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio StateUniversity College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
This episode revisits our 2023 predictions! We also discuss property trends, interest rates, investor insights, realtors' role, and 2024 strategies.
Episode Summary
At the end of 2022, we published an episode on our 2023 predictions. During this episode, we discuss how the year has unfolded, all the contributing factors, and how they are likely to influence the year to come. Tune in to hear our insights on the changing motivations to purchase property, what we expect may unfold in terms of interest rates, investor attitudes, and rental rates, and changes that may affect all of these factors in 2024. We discuss the value of a good realtor in a changing world, unpack how to prepare for the unpredictable nature of the real estate investment space, and reflect on the unique period between 2020 and 2022 and its impact on investors. We touch on refinancing, focusing on reserves, and why it’s so important to have a robust strategy in a complex environment. Listen in to hear all this and more today!
About Today's Guests
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live.
Mentioned on the Show
Dylin Redling and Allison Tom discuss their journey to FIRE and their book for kids on investing and personal finance, sharing practical advice and tips.
Summary
On this episode Tim Ulbrich welcomes Dylin Redling and Allison Tom, creators of Retireby45.com and authors of two books, Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement and Investing for Kids: How to Save, Invest and Grow Money. Dylin and Allison achieved ‘financial independence retire early’ status in 2015 when they were in their early 40’s. Have you ever thought to yourself, I wish I had learned more about the topic of personal finance sooner? If so, that’s exactly what today’s show is all about as Tim interviews Dylin and Allison about their work with their book, Investing for Kids. They discuss practical advice and meaningful activities to help with teaching kids about money and investing.
About Today's Guests
Dylin Redling and Allison Tom are a married couple living in Oakland, California. After working for 17 years in the tech industry in San Francisco, they left the workforce in January 2015 and never went back.
They own and operate the website RetireBy45.com, which provides inspiration, tips, and resources for achieving FIRE (Financial Independence / Retiring Early) and making the most of the FIRE lifestyle. In 2020, they wrote and published two books: "Start Your FIRE: A Modern Guide to Early Retirement" and the best-selling "Investing for Kids."
They love food, fitness, and travel. Their goal of "60 by 60" is to visit 60 countries by the age of 60.
Mentioned on the Show
Tim & Tim talk about negotiation, why it’s an important part of the financial plan, the goals of negotiation, and tips for conducting an effective negotiation.
Summary
Tim Baker joins Tim Ulbrich on this episode to dig into all things negotiation. Negotiation is the process of discovery and a way to advocate for yourself and what your needs are. Tim Baker explains that negotiation is an important part of your financial plan for many reasons. He explains that settling for a lower salary can have a significant impact on your present and future finances because you may accrue less in retirement savings and potentially other investments. However, negotiation doesn’t just lie in your salary. You can also negotiate benefits like flex scheduling, paid time off as well as potentially parental leave and professional development opportunities, among others.
Tim Baker shares that 99% of hiring managers are expecting new hires to negotiate and build their initial offer as such. Many don’t end up negotiating because they don’t want to risk the offer being revoked, but Tim says that the majority of the time you should present a counter offer.
Tim then digs into the stages of the negotiation process that include the interview, receiving an offer, presenting a counter offer and accepting the offer and position. He shares many strategies and tips for each stage as well as additional techniques to use throughout the process.
About Today's Guest
Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.
Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), two kids (Olivia and Liam), and dog (Benji).
Mentioned on the Show
Dr. Christina Fontana, creator of The Pharmacist Coach, shares her journey from pharmacy to entrepreneurship, healing from trauma, and setting goals.
Summary
In this episode of the YFP Podcast, we welcome Dr. Christina Fontana, PharmD, the visionary creator of The Pharmacist Coach. Dr. Fontana shares her inspiring journey from pharmacy to entrepreneurship, revealing the impact of her early experiences and the resilience that fueled her pursuit of a purpose-driven path. From navigating personal challenges like eating disorders and anxiety to healing from childhood trauma, Dr. Fontana discusses her commitment to inner work and counseling as essential components of her transformative process. The episode also explores the intertwined nature of personal growth and business development, with insights into Dr. Fontana's methodology of "structured flexibility." The discussion concludes with a focus on mindset and goal-setting strategies for pharmacists, encouraging alignment with one's true desires and an embodiment of authenticity. Tune in for a captivating exploration of career empowerment, resilience, and setting ambitious goals for the year ahead.
About Today's Guest
Dr. Christina Fontana, AKA The Pharmacist Coach, is a pharmacist, holistic healer, rapid transformation business coach, speaker, and 5-time author. She helps spiritually-driven women to 'Reignite Your Light' and shine in your brilliance, confidence, and true essence.
She started her entrepreneurial journey 11 years ago being disempowered, homelessness, broke, with eating disorders, PTSD, and anxiety and has since transformed, turning her pain into purpose, empowering women all over the world to step into more purpose, power, and prosperity.
Over the last 11 years, Dr. Christina has been providing uplifting, transformational content through her Youtube videos, books, courses, programs, and Conferences. Her mission is to empower more healers and business owners unlock their innate gifts to create a domino effect of healing on the world.
Mentioned on the Show
Join us as we chat with CPA power duo, Amanda Han and Matt MacFarland from Keystone CPA, Inc. Dive into the tax implications of short-term rentals, explore the benefits of holiday homes, and learn key strategies for maximizing tax benefits in real estate investments. Plus, discover the importance of planning your taxes before year-end.
Episode Summary
In this episode, we explore vacation homes and what they could mean for you and your taxes. We decided to go all-in and dive into the tax implications relating to short-term rentals, and we couldn’t think of a better pair to join us for this conversation than the vastly experienced and widely knowledgeable CPA duo, Amanda Han and Matt MacFarland! Amanda and Matt are the founders and managing directors of Keystone CPA, Inc., a financial advisory firm centered on the tax strategies of real estate investing. Join us as we define “depreciation” and “short-term rental,” compare the tax benefits of short-term and long-term, find out how holiday homes fit into the picture, tell you everything you need to know about material participation, and discuss the benefits of doing your tax planning and research before the end of the year. We also learn about the implications of changing your property from short- to mid- to long-term rentals, and after honing in on the strategies for maximizing tax benefits in investment partnerships, Amanda and Matt still have some tricks up their sleeve as they share more valuable tax-saving advice!
About Today's Guest
Amanda Han & Matt MacFarland are CPAs and tax strategists who specialize in helping people use real estate to save massive amounts in taxes and keep their hard earned money. They help educate investors on how to maximize tax write-offs, legal entity strategies, tax-efficient ways to access profit, how to use 401K money for real estate, and much more.
They are authors of the highly rated book Tax Strategies for the Savvy Real Estate Investor and they have been featured in prominent publications including the Forbes Finance Council, Money Magazine, Talks at Google, CNBC’s Smart Money Talk Radio as well as the BiggerPockets podcasts.
Today, Amanda & Matt have helped thousands of investors nationwide to save on taxes with proactive tax planning.
Mentioned on the Show
Join Tony Umholtz from First Horizon Bank as he forecasts 2024 housing market trends and offers expert insights. Sponsored by First Horizon Bank.
Summary
With inflationary pressures historically high and inventory tight, many people are feeling understandably nervous about the housing market as 2023 comes to a close. But what can homeowners and homebuyers expect in 2024? To help us answer this question, we are joined once again by Tony Umholtz, a mortgage loan officer with First Horizon Bank. In this episode, we tap into Tony's 20-plus years of experience in the industry to get his input on current trends in the housing market, what makes this cycle different from 2008-2009, the correlation between presidential election years and interest rates, and what prospective homebuyers should be doing right now to get ready to buy a home in the new year, plus so much more! For a comprehensive overview of the key market trends that pharmacists and healthcare professionals need to consider when buying a home, be sure to tune in today. Episode sponsored by First Horizon Bank.
About Today's Guest
Tony Umholtz graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine.
Mentioned on the Show
Alex Barker, CEO and Founder of The Happy PharmD returns to break down trends in the pharmacy job market.
Summary
In this episode, we welcome back Alex Barker, PharmD, Founder and CEO of The Happy PharmD. Alex shares an update on trends in the pharmacy job market, including his outlook on the trajectory of the profession, projecting into the landscape of 2024 and beyond. He shares his thoughts on the #pharmageddon movement, with recent walkouts and efforts to unionize making headlines. He also breaks down a recent survey he posed on LinkedIn that shows the desire for more remote work opportunities and more pharmaceutical industry roles.
About Today's Guest
Dr. Alex Barker is the CEO and Founder of The Happy Pharm D, a nationwide coaching firm guiding pharmacists to inspiring careers and more fulfilling lives. Alex is an accomplished public speaker, a published author and teacher. Since 2017, his coaching program and career development seminars have guided over 2,000 pharmacists into new jobs and roles they love. His book Indispensable: A prescription for a fulfilling pharmacy career, has motivated countless pharmacists to love pharmacy again. Alex is a husband and the proud father of two daughters. He loves drinking coffee and eating good guacamole (though not at the same time). When he isn’t working, which happens occasionally, he plays Nintendo, Dungeon & Dragons, and reads comics.
Mentioned on the Show
In this Pharmacy Innovators episode, sponsored by First Horizon, Dr. Adam Martin joins Dr. Corrie Sanders to share keys to success and living at a high level.
Summary
On this episode in our Pharmacy Innovators series hosted by Corrie Sanders, PharmD, we get a masterclass from Tony Robbins coach Adam Martin, PharmD.
You’ll want to get our your journal to write down the wisdom Adam shares. He dives deep into the keys of success and living life at a higher level, emphasizing the importance of having fun in your journey to success. The message is clear: if you're not having a blast, you might be doing it wrong.
Are you in the right environment? Are external influences steering you off course?
Success leaves clues, and Adam shares a powerful tip for achieving it quickly: proximity. The three-step mantra is simple—get close to people playing the game at the level you aspire to.
A must listen episode for everyone looking to become their best self and living life as it was intended!
About Today's Guest
As a Tony Robbins Results Coach and Business Results Trainer, my focus is not only on where you want to be, but also on recognizing the value of the space you’re currently in—the space between where you used to be and where you desire to go. It is within this space that growth and transformation happen, and my role is to leverage the progress you’ve already made to propel you towards the results you truly deserve. I am dedicated to helping individuals achieve unprecedented levels of success and transformation, all while ensuring that the process is enjoyable and fulfilling.
Creator of The Fit Pharmacist, I host the weekly Script Your Confidence Podcast. As a doctorate in pharmacy having written multiple authored books, along with running my own speaking business and being certified as a personal trainer and nutrition consultant, I possess over a decade of experience working with high-level clients. I have honed my expertise in guiding clients towards their goals, overcoming limitations, and maximizing performance through a deep understanding of human behavior and performance. My coaching approach is results-focused, action-oriented, and tailored to the unique needs and aspirations of each client.
My clients come from diverse backgrounds, including entrepreneurs, healthcare professionals, executives, athletes, and individuals seeking personal growth and fulfillment. I am committed to creating a results-driven coaching environment where they can transform burdens into blessings by mastering the art of resourcefulness and overcoming past obstacles.
I utilize cutting-edge tools and strategies from Tony Robbins’ proven methodologies, combined with my insights and expertise from implementing his material in my own life. This combination facilitates powerful shifts and helps individuals unlock the next level of their potential.
My mission is to coach you to unlock your full potential, live a life of personal excellence, amplify your impact, and create a future that surpasses your wildest dreams.
Mentioned on the Show
Explore real estate investing highs and lows with Steven Nguyen as he shares about risk management and his experience investing in a mobile home park.
Episode Summary
In this episode of Your Financial Pharmacist Real Estate Investing Podcast, we explore the highs and lows of real estate investing with a seasoned expert. Our guest, Steven Nguyen, PharmD shares key strategies for navigating challenges, emphasizing the critical elements of risk management and scaling. He provides a firsthand account of renovating a 20-unit apartment complex, highlighting the role of hard money lenders and the intricacies of cash-out refinancing in a rapidly evolving market. Steven also candidly shares the lessons learned from owning a mobile home park, offering a rare glimpse into the challenges that arise in this unique sector.
About Today's Guest
Steven Nguyen graduated from pharmacy school in 2013 and has worked as an inpatient pharmacist in California for the first four years and then as a pharmacy director for the last five years. From 2013 to 2017, he focused on paying off over $250,000 in pharmacy school debt, and once paid off, he shifted his focus to real estate. Steven started house-hacking single-family homes for three years, then quickly realized that it wasn't scalable. He transitioned to commercial real estate, focusing on apartment complexes and mobile home parks. Steven started a direct mailing campaign and acquired a 26-unit apartment complex and 200-lot mobile home park in 2021 and a 20-unit apartment complex in 2022. Steven Nguyen is based in California but invests predominantly in Oklahoma and Alabama. Steven has a buy-and-hold philosophy and likes to force appreciation via value add strategies and then execute a cash-out refinance to pull out money tax-free, so he can continue to buy more real estate. Over the past five years, Steven has built a real estate investment portfolio of close to 90 units and was able to scale that portfolio while working full-time as a pharmacy director without any partners.
Mentioned on the Show
Explore philanthropic insights with Tom Dauber, Founder of Abundant Vision, covering donor considerations, impact assessment, and affluent traits.
Summary
Curious about donating to nonprofits and giving financial gifts in general? This week we welcome Tom Dauber, Founder of Abundant Vision Philanthropic Consulting. In our interview, Tom shares his knowledge gained from over two decades of involvement in fundraising initiatives and campaigns, offering valuable perspectives to consider when contributing to an organization or cause. He sheds light on the vital questions that prospective donors should examine before making substantial contributions, how to determine the alignment of the gift with the potential impact, and the defining characteristics of wealthy donors, including their career paths, educational backgrounds, and wealth acquisition strategies.
About Today's Guest
Tom solicited his first “major gift” at age 17 and ran his first fundraising event the following year. After receiving his BFA from Bowling Green State University in 1998, he began his career in non-profit sector. Over the past decade Tom has directed teams responsible for $120M in fundraising initiatives and campaigns. his experience spans faith-based, health science and health system fundraising. From 2005-2019 Tom was the Chief Development Officer for The Ohio State University College of Pharmacy. During his tenure, he grew pharmacy fundraising revenue by 40% annually, taking them from $1.5M annually to over $10M. Tom oversaw alumni affairs, corporate engagement, communications and fundraising for the school and served as President of the AACP Advancement Special Interest Group. Today Tom is the President of Abundant Vision Philanthropic Consulting. He began the company to help small and medium size foundations benefit from high caliber fundraising expertise. Tom is a life-long resident of Central Ohio, growing up just outside of Columbus in rural Johnstown. These days he lives in Westerville, Ohio with his wife Tracey Papenfuss DVM, PhD. Together they have four kids, three dogs and two cats.
Mentioned on the Show
On this episode, sponsored by First Horizon, YFP Director of Tax, Sean Richards CPA, EA, summarizes a tax checklist for small business owners.
Summary
Too many of us are caught in the trap of only looking at taxes during tax season. As a small business owner, missing the tax mark can have significant consequences in the form of surprise payments due, missed deductions and credits, and constantly wondering if there is something else you should be doing.
So whether you are a seasoned business owner or just starting, on this week's episode, sponsored by First Horizon, YFP Director of Tax, Sean Richards, CPA, EA walks us through a small business owner tax checklist including eight key areas that demand your attention. He touches on the fundamentals of bookkeeping, qualified deductible expenses, the benefits of financial projections to make estimated payments, the significance of S Corp status, insights on determining your owner's compensation, and much more.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group.
Mentioned During the Show
Submit Your Question
Have a question you would like us to feature on an upcoming episode? Send us an email at info@yourfinancialpharmacist.com or record your question at www.yourfinancialpharmacist.com/askyfp
Your Financial Pharmacist Disclaimer and Disclosures
This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/
On this episode, sponsored by Pyrls, Lan Ho, PharmD, Founder of Fat Miilk, shares her journey going from pharmacist to full-time entrepreneur featured on Gordon Ramsay’s Food Stars.
Summary
Joining us this week on the YFP Podcast is Lan Ho, PharmD, Founder of Fat Miilk Vietnamese Coffee Company based in Chicago, Illinois. Tune in as we dive into her career journey in pharmacy before she shares why she started Fat Miilk, what she learned after appearing on Gordon Ramsay’s Food Stars, the most important thing she’s learned about herself since starting the business, and what lies ahead for Fat Miilk in the coming years. We discuss every step of Lan’s incredible journey to full-time entrepreneurship which began with an unexpected furlough from a retail pharmacy position in in 2020. We explore the rewards available when you are willing to take a risk, the biggest areas of growth she has experienced along the way, and why she is choosing a clicks-to-bricks approach to building her business.
About Today's Guest
Lan Ho is a first-generation Vietnamese American who made a bold career change from pharmacist to beverage entrepreneur after being furloughed during the pandemic. She pivoted to pursue her dream and successfully launched Fat Miilk - Chicago's first Vietnamese CPG coffee company. The brand saw instant global recognition when Bon Appetit listed Fat Miilk on their "Highly Recommend" list. Fat Miilk can be found in publications, including Eater, TimeOut, Thrillest, Roast Magazine, and more. Lan is recognized as a thought leader in consumer branding, customer experience, CPG, and the coffee industry. She was recently a finalist on Gordon Ramsay's Food Stars on FOX network, where she represented her brand, leadership, and entrepreneurial story. Lan is currently expanding Fat Miilk's reach through e-commerce and with Chicago's first Vietnamese coffee bar showcasing a full cultural experience. She aims to inspire more minority representation in mass media, entrepreneurship, and executive roles.
Mentioned on the Show
Loan officer Jack Bowers (NMLS# 1957264) joins the show to talk about the evolving lending landscape and changes in house hacking investing.
Episode Summary
As we near the end of 2023 and anticipate 2024, the lending landscape is undergoing significant changes. Conventional mortgage underwriting guidelines are evolving, impacting down payments and cash-out refinance considerations, especially for owner-occupants in small multifamily houses. Today, we're joined by Jack Bowers (NMLS# 1957264), a loan officer from Union Home Mortgage, who provides some key insights into these changes. In our conversation, we explore historical interest rates in relation to where they are now, house hacking, and corresponding lending options, along with nuances in different loan programs. Jack also outlines Ohio-specific programs for first-time homebuyers and walks us through a practical example. He advises on buying fixer-uppers and the shifting cash-out refinance strategy, and shares valuable advice for those considering the real estate investment journey!
About Today's Guest
Jack Bowers is a Loan Officer with Union Home Mortgage who has been in the mortgage industry for over 3 years and has helped hundreds of families directly & through his work on a top-producing team. Jack grew up in Northeast Ohio and earned his Bachelor of Science (Major in Fashion Merchandising, Minor in Marketing) from and played rugby for Kent State University.
Mentioned on the Show
On this episode, Jackie Boyle, PharmD, MBA and Paul Boyle share their journey paying off $208k of student loans.
Summary
Debt can be an overwhelming weight on one's shoulders, but imagine paying off an astounding $208,000 of it! This week on the podcast, we are joined by the inspirational duo, Jackie and Paul Boyle. They recount their journey from being neck-deep in student loans to paying them off entirely. This episode delves into their personal and collective strategies, their highs and lows, the financial compromises made, and how they kept the momentum to reach the finish line. From Paul's decision to be a stay-at-home dad to Jackie's reflections on missed opportunities with the PSLF program, their experiences provide invaluable insights for anyone navigating their own debt repayment process. We also dive into the emotional and financial challenges they encountered, especially when transitioning to a single-income household. Yet, their story isn't just about the hurdles; it's brimming with actionable takeaways and advice for those on similar paths. As Paul and Jackie demonstrate, with determination, strategic financial planning, and mutual support, even the heftiest of student loans can be overcome. So whether you're struggling with student loans, seeking motivation, or just curious about the Boyles' debt-free journey, this episode is a must-listen. Join us and discover how you too can rewrite your financial story!
About Today's Guest
Jackie Boyle is a pharmacy educator by day and coaches pharmacists and pharmacies in a part-time capacity. She received her Doctor of Pharmacy from Northeast Ohio Medical University in 2012, MBA from University of Findlay in 2016, and Master and Bachelor degrees from THE Ohio State University (O-H!) She is highly involved in professional organizations including ASHP and AACP, and also loves spending time with her husband and two daughters, Gianna and Giulia. In her free time, she loves spinning, yoga, and enjoying a warm cup of coffee.
Paul Boyle is a Client Service Associate out of the Cleveland, Ohio area where he has had a diverse career of over 20 years, mostly taking care of customers and clients in various fields of service ranging from manufacturing to professional baseball. He received a Bachelor’s degree in Sport Management from The University of Akron in 2020, while taking time away from the workforce to raise his children. Paul spends most of his free time with his wife, Jackie, and two daughters, Gianna and Giulia. An avid Cleveland sports fan, musician and aspiring podcaster. When not supporting his local teams he likes to enjoy the occasional motorcycle ride, which is another longtime passion.
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On this episode, sponsored by FirstHorizon, Brenna Roth, MD, MPH, shares her journey having over $550k of student loans forgiven tax-free via PSLF.
Summary
Are student loan forgiveness programs a beacon of hope for graduates drowning in debt? Joining us this week is Brenna Roth, MD, MPH; a physician who achieved an incredible financial milestone - over $550,000 of student loans wiped clean through the Public Service Loan Forgiveness (PSLF) program. In our conversation, Brenna discusses her background in medicine, the accumulation of her student loan debt, her initial feelings about the debt, and her journey to tax-free forgiveness. She also shares advice for individuals facing high student loan debt and considering PSLF as an option. We also unpack the challenges of dealing with loan servicing companies, the impact of the COVID-19 payment freeze, and the benefits of lower monthly payments through income-driven repayment plans for those pursuing PSLF. If you're curious about the PSLF program or facing significant student loan debt, Brenna's inspiring story sheds light on the potential benefits of pursuing loan forgiveness and highlights the changing landscape of student loan repayment.
About Today's Guest
Brenna Roth, MD, MPH is an infectious disease doctor and public health specialist who works in academic global health and research. She lived and worked in Tanzania for 3 years and has continued to work on international programs and research projects across sub-Saharan Africa since. She has successfully navigated the Public Service Loan Forgiveness Program across multiple loan servicers, jobs, and continents.
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On this week’s podcast, sponsored by APhA, Certified Insurance Counselor, Insurance Agent, and Medicare Specialist, Josh Workman, joins the show to cover Medicare 101 and considerations for selecting your Medicare coverage plan.
Summary
Many people (including pharmacists!) aren’t fully informed about Medicare, the options they need to consider, and the pros and cons of each option. That’s why, in this week’s episode of the podcast, we brought on Certified Insurance Counselor, Insurance Agent, and Medicare Specialist, Josh Workman to give us a Medicare 101! Tuning in, you’ll hear about Josh’s role in the world of helping seniors navigate Medicare benefits, options for coverage, and the five main differences between Medicare Advantage and Supplement plans. Finally, he shares some words of wisdom for pharmacists struggling to answer Medicare questions for themselves, family members, and even clients.
About Today's Guest
Located in the Akron Ohio area Josh Workman has been an insurance agent since 2010 with Medicare planning being his main area of focus. He started his career with Nationwide, but then moved to an Independent agency in 2014. Aside from helping individuals who are new to Medicare, he also works with professionals such as care facility coordinators, doctors and pharmacists as they assist their patients with Medicare plan decisions. Medicare can be extremely confusing so instead of the salesman angle, Josh takes an educational approach when helping his clients with Medicare Supplements, Part D Plans and Medicare Advantage Plans. One of his favorite parts of the job is teaching Medicare 101 classes to people who are new to Medicare.
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Co-hosts David and Nate take a look at how you can accurately calculate your cash-on-cash returns and returns on equity given the current market conditions.
Episode Summary
The global pandemic has led to massive shifts in the real estate investing market. So today, co-hosts David and Nate take a look at how you can accurately calculate your cash-on-cash returns and returns on equity given the current market conditions. After briefly talking through the common pains of evictions, they assess current property market conditions and why and how they’ve changed so drastically since 2020. They discuss why property conversions are usually the smarter play before revisiting the BRRRR method, unpacking how to measure returns on equity, and exploring some key strategies for maximizing equity gains. As a bonus, they share what you should be thinking about before jumping to sell in favorable market conditions, and end with noteworthy advice on the importance of yearly check-ins on your long-term investments.
Links Mentioned in Today's Episode
Tim Baker, CFP, RICP, RLP joins Tim Ulbrich, PharmD to discuss open enrollment & evaluating employer benefits.
Summary
This week on the podcast, Tim Ulbrich, PharmD sits down with YFP co-owner and Director of Financial Planning, Tim Baker, CFP, RICP, RLP to discuss open enrollment and the process of evaluating employer benefits. They discuss considerations for choosing a health insurance plan, how to determine whether or not your employer-provided life and disability insurance is sufficient, the differences between an FSA, Dependent Care FSA, and HSA, and what to be looking for when putting money into your employer-sponsored retirement plan.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group.
Submit Your Question: Have a question you would like us to feature on an upcoming episode? Send us an email at info@yourfinancialpharmacist.com or record your question at www.yourfinancialpharmacist.com/askyfp
Your Financial Pharmacist Disclaimer and Disclosures: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/
On this segment of the Pharmacy Innovators, sponsored by Pyrls, Pharmesol co-founder & CEO Dr. Natalie Park joins host Dr. Corrie Sanders.
Summary
With the rise of AI and the increasing use of technology in our daily lives, there is an opportunity to improve the pharmacy world and patient care. On this segment of the Pharmacy Innovators sponsored by Pyrls, Dr. Natalie Park, Co-founder and CEO of Pharmesol, joins host Dr. Corrie Sanders, to discuss how Pharmesol leverages technology and AI to optimize patient communication and follow-up care. Natalie shares her unconventional career path, what Pharmesol is, what inspired her and her co-founders to start it, and how it is improving patient care. She also discuss the highs and lows of starting a business before delving into the importance of value-based care, what pharmacy will look like in the future, and how we can embrace the inevitable technological changes.
About Today's Guest
Dr. Natalie Park is a pharmacist with a background in conducting health economics and outcomes research in the pharmaceutical industry. Natalie is co-founder and CEO of Pharmesol, an automated and proactive medication assistant tool that leverages pharmacist expertise and artificial intelligence to enhance patient experience after direct interaction with the healthcare team.
Mentioned on the Show
Drs. Lindsey Childs-Kean and Britny Brown share their work with #PharmGradWishlist to support emerging racially and ethnically minoritized pharmacy trainees.
Summary
It is no secret that there are minorities underrepresented in pharmacy despite the evidence suggesting that racial concordance matters. Joining us today are two individuals, Lindsey Childs-Kean and Britny Brown, who are committed to improving representation by supporting emerging racially and ethnically minoritized pharmacy trainees. You’ll hear about the incredible PharmGradWishlist organization, what its mission is, why it’s important, and how to get involved.
About Today's Guest
Lindsey Childs-Kean is a Clinical Associate Professor in the Department of Pharmacotherapy and Translational Research with the University of Florida College of Pharmacy. She earned her PharmD degree from University of Florida and completed a PGY1 residency at Tampa General Hospital and a PGY2 Infectious Diseases residency at the South Texas Veterans Healthcare System. Her teaching, research, and practice interests include infectious disease pharmacotherapy and professional development of students and new practitioners. She is active in many professional organizations, including being a member of the PharmGradWishList Leadership Team and an Associate Editor for the American Journal of Pharmaceutical Education.
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Pharmacist real-estate investors Julia & Brad Myers talk about what inspired their journey in real estate including the unique aspect of tax deductions and savings in the short-term rental market.
About Today's Guest
Julia Myers is a semi-retired pharmacy leader and public speaker on the topics of financial literacy and generational wealth. Julia received her Doctor of Pharmacy degree from the University of Wyoming School of Pharmacy and her Masters in Business Administration from the University of Tennessee- Knoxville. She has over 15 years of experience in clinical and leadership roles in community pharmacy, ambulatory care, health system, and specialty pharmacy. In 2020, Julia was recognized as a member of the Class of 20 Under 40 by Columbia Magazine for her achievements in medication affordability, specialty pharmacy, and overall community impact. Julia enjoys spending time outdoors, reading and writing, and raising her five children with her husband Brad. You can follow her on social media @Juliamyersrx.
BradMyers is currently the Vice President, McKesson Health Systems. Brad received his Doctor of Pharmacy degree from University of North Carolina in Chapel Hill and his Masters in Business Administration from American University. He completed a PGY1 Residency and has spent over 20 years practicing pharmacy and in health system leadership roles. Before joining McKesson, Brad served as the pharmacy executive at the University of Missouri Health Care for 8 years. Brad enjoys running, cheering for UNC Tarheels, and traveling. Find him on LinkedIn.
Mentioned on the Show
YFP Co-Founder and CEO, Tim Ulbrich, PharmD and YFP Co-Founder and Director of Planning, Tim Baker, CFP®, RLP®, RICP®, wrap up a two-part series on 10 common retirement risks you should plan for.
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YFP Co-Founder and CEO, Tim Ulbrich, PharmD and YFP Co-Founder and Director of Planning, Tim Baker, CFP®, RLP®, RICP®, kick off a two-part series on 10 common retirement risks you should plan for.
Mentioned on the Show:
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group.
Submit Your Question: Have a question you would like us to feature on an upcoming episode? Send us an email at info@yourfinancialpharmacist.com or record your question at www.yourfinancialpharmacist.com/askyfp
Your Financial Pharmacist Disclaimer and Disclosures: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/
Summary
Most of our real-estate episodes to date have covered the topic of buying a home, but today we’re putting ourselves in the shoes of the seller. If you think this episode isn’t for you because you’re only interested in buying a home, think again! Being able to see things from a seller’s perspective will add huge value to your home-buying journey. Today’s guest is Nate Hedrick, a pharmacist, and the founder of Real Estate RPH. It’s a seller's market at the moment and he is here to share five top tips for selling your home for its maximum value. From the benefits of enlisting the help of an agent to getting to grips with price-setting strategies and understanding buyer versus seller costs, this conversation will equip you with the tools you need to navigate current chaotic housing market with confidence!
Links Mentioned in Today's Episode
Summary
Many pharmacists are detail-oriented, methodical, and risk-averse, so moving quickly isn’t generally one of our strong suits. However, being able to think fast and act fast (though not recklessly) are essential in today’s real estate market. So, in this episode, we share three strategies that will help you build confidence in your decision-making so that when a good deal comes around, you are ready to take the plunge! Tune in today to hear about the importance of being very clear on the math, understanding the rules of thumb that can help guide your process, and setting your criteria in stone (while still being open to flexibility and creativity).
Links Mentioned in Today's Episode
Summary
If you’re a first-time home buyer, this episode is for you! This week’s episode, sponsored by FirstHorizon, features Tony Umholtz, a mortgage loan officer at First Horizon Bank with over 20 years of experience in the industry, and he is here to share important factors that you should be taking into consideration before purchasing your first property. By the end of the episode, you will understand how banks decide whether or not to approve a mortgage application, the pros and cons of the various loan options that exist, the difference between preapproval and prequalification, things to look out for when choosing a lender, and more! Buying your first home isn’t something to be taken lightly, and Tony’s insights will leave you feeling well-equipped to make decisions that are going to serve you well, now and in the future.
About Today's Guest
Tony Umholtz graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman’s Guide, Mortgage Executive magazine, and Mortgage Originator magazine.
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Summary
Money talk isn’t always easy to initiate, but in some cases it’s essential. Today, we are joined by award-winning journalist and author of Mom and Dad, We Need to Talk, Cameron Huddleston, to discuss the often-overlooked topic of navigating financial conversations and decisions with aging parents. Cameron shares key insights into why these discussions are crucial, how to approach them with love and respect, and practical strategies to initiate meaningful dialogues. We discover the importance of estate planning documents, ways to involve siblings harmoniously, and the significance of long-term care planning to ensure a secure future for both parents and their adult children. Tune in to gain valuable advice and actionable steps to foster open, productive conversations that empower families to address financial matters and caregiving needs with confidence and compassion.
About Today's Guest
Cameron Huddleston is an author, speaker and award-winning journalist with 20 years of experience writing about personal finance. Her work has appeared in Forbes, Kiplinger’s Personal Finance, Chicago Tribune, MSN, Yahoo, and many more print and online publications. She is a mom of three awesome kids and was a caregiver for her own mom, who had Alzheimer’s disease. She is the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.
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Summary
Stacie Moltzan Loescher, PharmD paid off $345 000 of student loan debt in just five years and she joins us today to share her incredible journey to becoming debt-free! Tuning in, you’ll hear about the hard work and clear vision that led Stacie to the financial freedom she enjoys today. We unpack her process to aggressively repaying her loans, from working throughout pharmacy school and undergrad to paying off a car alongside her student debt. Stacie touches on how her childhood experiences impacted her approach to financial management as an adult, and reveals how she could sustain the momentum necessary to pay off the debt, before sharing powerful advice for graduates as they choose how to approach their own student debt. In closing, Stacie offers a glimpse into her future plans which are focused on building a net worth through side hustles and real estate investment.
About Today's Guest
Dr. Stacie Moltzan Loescher is a Pharmacist currently working in central processing for Albertsons Companies and is currently appointed as the Assistant Grand Vice President for Collegiate Affairs of the Phi Delta Chi Professional Pharmacy Fraternity. She attended Rosalind Franklin University of Medicine and Science where she received her Doctor of Pharmacy degree in 2017. During her career as a pharmacist, she has worked as Staff Pharmacist and Pharmacy Manager at multiple retailers throughout Wisconsin, Indiana, and Illinois. She has also served in multiple regional and national positions at Phi Delta Chi. She enjoys traveling, fishing, and fitness.
Links Mentioned in Today's Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group.
Submit Your Question: Have a question you would like us to feature on an upcoming episode? Send us an email at info@yourfinancialpharmacist.com or record your question at www.yourfinancialpharmacist.com/askyfp
Your Financial Pharmacist Disclaimer and Disclosures: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question. For more information visit https://yourfinancialpharmacist.com/disclaimer/
Summary
Colin Carr got into real estate investing at the age of 18 and his approach of honing in on a very specific niche has served him well. His company, CARR, currently operates in over 45 states, and has helped more than 4,200 healthcare providers or practices across the country to close commercial real estate deals. Although commercial real estate is more complicated than residential real estate, as Colin explains, if you’re willing to take the plunge and learn the ropes, it will be well worth it! Tune in to this episode to hear about it all, from what the due diligence process in the commercial real estate space looks like, to your financing options to the length of time you can expect to wait before closing a deal. The market may be softer than it has been in recent years, but Colin believes there are still some incredible opportunities out there to pursue.
About Today's Guest
Colin Carr began his real estate career at the age of 19 by managing multi-family apartment complexes in the greater Lansing, Michigan area.
Colin moved to Denver, Colorado in his early twenties and continued in property management, where he managed several mid and high-rise apartment complexes near downtown Denver.
He received his broker’s license at 23 and began representing local, regional, and national companies with their commercial real estate needs. Initially, Colin represented both landlords, sellers, tenants, buyers, and investors across a broad spectrum of commercial real estate specialties, including: office, industrial, retail, land, and investment real estate.
After almost a decade of real estate experience that spanned numerous areas of exposure, and with several hundred completed real estate transactions on his resume, Colin was drawn to the Healthcare field and began focusing exclusively on healthcare related transactions. In a short period of time, Colin realized he was having more impact and influence representing healthcare providers while enjoying the results of ‘helping people who help people’ beyond any area of real estate he had ever been involved in.
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Summary
Today’s edition of our Pharmacy Innovators series is filled with vital information for pharmacy entrepreneurs on how to expertly navigate the risks involved with leaving the W2 world behind. In today’s episode, host Dr. Corrie Sanders sits down with the Founder of Perfecting Peds, Dr. Jena Quinn, PharmD, BCPPS, to discuss Jena’s transition from working 9-5 to running her own consulting business that is focused on medication management in complex pediatric patients. Our guest explains the role that her family played in her decision to take up pharmacy, how and why she made the pivot to pediatrics, what inspired her to break free from her W2 job, and how she benefited from being willing to branch into a new industry (cosmetics sales). Dr. Jena then shares why she is not too concerned about AI in pharmacy before diving into how she built her company’s team, how she uses the various social media platforms, why she chooses to always lead with authenticity, and what it was like for her to take on a new business challenge as a pregnant mother of two. This powerful conversation is filled with advice and strategies for those who are contemplating a non-traditional career path, and Dr. Jena explains everything she loves about being a business owner and pharmacy entrepreneur!
About Today's Guest
Jena Quinn, PharmD, BCPPS, is an expert pediatric pharmacist. She developed the vision for Perfecting Peds based on her extensive background in medication management of pediatric population, personal love for children and her desire to optimize more children’s medical profiles. She has 10 years of safe medication management and direct patient care experience in the pharmacy field with a wide-ranging background in developing, enhancing and managing clinical consulting programs. Dr. Quinn earned both her Doctoral degrees with high honors from the Ernest Mario school of Pharmacy. She is a nationally Board-Certified Pediatric Pharmacist. She is also a mom to three adorable little girls, Hadley, Peyton and Avery.
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YFP Director of Tax, Sean Richards, CPA, EA digs into what midyear tax projections are, why they matter, and specific examples where a midyear projection can help someone optimize their financial situation. We discuss the importance of adjusting withholdings, ensuring record keeping is up to date, common pitfalls business owners and side hustlers can avoid with a projection and tax considerations with student loan payments coming back online.
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Episode Summary
Welcome to our seventh installment of the case study series with Tim Baker, CFP®, RLP®, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Angel Melgoza, MS CFP®. During this episode, we are sharing a fictitious case study with you about an engaged couple in their 20s. We delve into their finances, expenses, and their goals before discussing their assets, savings, investments, liabilities, and debt. Angel and Kelly discuss why they would tackle student loans before anything else in this couple’s financial plan, how recent changes announced to student loans will impact their loan repayment strategy, how marriage, children, and other big life events affect financial planning, and the importance of emergency funds and savings. Finally, we talk about why wealth protection is so important and why we see clients struggle with that the most.
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Summary
Are you looking to make a shift in your investing, but you’ve come upon some questions that you’re looking for advice on? On this episode, we welcome back Mariah Pierce, PharmD, who reached out to us with a few questions as she prepares to make a shift in her investing. We talk about her new prospective investment options, and we dive into a quick explanation of the FHA 203K loan. We then discuss and share thoughts on her three major questions in preparation for her investment shift.
About Today's Guest
Mariah Pierce, PharmD is a managed care pharmacist and works at a health plan in central Illinois. She is the co-founder of MeRiah Transportation and hopes to start many other ventures in the future. She enjoys all things business, audiobooks, and has a love for entrepreneurship. Mariah is an out-of-the-box thinker finding ways to make money and make a difference.
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Summary
Buying a home can be a daunting, exciting, and overwhelming experience. On this weeks podcast, sponsored by Real Estate RPh, we are joined by Neal and Kaitie Fox to discuss how they went about buying their first home. Neal is a pharmacist and Kaitie is a stay-at-home mom, and in this episode, they tell us what made them decide to buy a house when they did, what they would say to someone wanting to purchase their first home, and how interest rates and other aspects played a role in their decision. They delve into how they chose a financial lender and why they decided to change who they financed their house with at the last minute before explaining how YFP assisted them in this process. When looking for a real estate agent, it is important that you find someone who takes your needs into consideration and communicates effectively, and Neal and Kaitie explain why they decided to change agents early on in their journey. Finally, our guests remind us to use our resources wisely and ask as many questions as possible when buying a home.
About Today's Guests
Neal and Kaitie travelled from their hometown of Coshocton, OH to attend Cedarville University in 2011. A year later they married at age 19 and began their joint financial adventure. Kaitie began working at the University food service contractor and eventually became the Head Baker, supporting the family through pharmacy school and until the birth of their second son. Now, Kaitie is home raising Timothy, 5, and David, 1, while Neal works. Neal completed his PharmD at Cedarville and a PGY1 residency at Premier Health Miami Valley Hospital, a Level 1 Trauma Center with over 950 licensed beds and over 110 adult ICU beds. He currently serves as one of the Medical ICU Clinical Pharmacy Specialists and the Research Project Coordinator for the PGY1 pharmacy residency program. He occasionally gives lectures or hands-on training at Cedarville University while also taking APPE students from several pharmacy schools throughout the year.
Links Mentioned in Today's Episode
About Today’s Guest
Rachel Cruze is a two-time #1 national best-selling author, financial expert, and host of The Rachel Cruze Show. Since 2010, Rachel has served at Ramsey Solutions, where she teaches people to avoid debt, save money, budget, and how to win with money at any stage in life. She’s authored three best-selling books, including her latest, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It. Follow Rachel on Twitter, Instagram, Facebook, and YouTube or online at rachelcruze.com.
SummaryNational best-selling author and financial expert, Rachel Cruze, joins Tim Ulbrich to discuss her newest book, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It. Tim and Rachel delve into various portions of the book, highlighting specific lessons and concepts relatable to pharmacists, parents, and anyone interested in learning more about themselves and their relationship to their finances.
Rachel walks listeners through “Discovering Your Personal Money Mindset,” including how we form our ideas about money and how we learn to handle money as we do through “Your Childhood Money Classroom.” Rachel goes through the four money classrooms. She reminds us that regardless of the quadrant that you grew up in, you can choose your quadrant from this point forward. Rachel outlines seven money tendencies, how they not only impact your financial picture, and how these tendencies affect interpersonal relationships with significant others. Tim and Rachel share an earnest discussion about money fears, detailed in Chapters 5 and 6 of the book. They close with an eye-opening discussion on part 2 of the book, focusing on the “Power of Contentment.” Rachel shares how contentment changes your motivation for spending. She explains a practical exercise for determining what brings you joy and demonstrates how learning where and how you find happiness allows you to focus your spending on what is truly important to you.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from Sarah in the YFP Facebook Group who asks about considerations with kids 529 accounts in the midst of a divorce.
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Episode Summary
No matter where you are in your career journey, it’s never too early to start optimizing your retirement plan. One important factor to consider when building your retirement paycheck is Required Minimum Distributions (RMDs). RMDs refer to the minimum amount that you must withdraw from certain retirement accounts each year after reaching a certain age.
On this week’s episode, YFP’s Co-founder and Director of Financial Planning, Tim Baker, CFP®, RICP®, RLP® unpacks the many intricacies of RMDs, like which accounts demand RMDs, which ones don’t, and what to consider when planning how to build your retirement paycheck. You’ll learn about how RMDs are calculated, the penalties you can expect when you don’t fulfill RMD requirements, how to optimize and reduce the impact of RMDs, and why optimizing your retirement strategy starts in the accumulation phase.
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Summary
Venturing into real estate is often a carefully formulated plan backed by a healthy savings account. But as today’s guest has proven through his real estate journey, sometimes it’s best to jump straight in with both feet! Khoa Nguyen is a pharmacist and real estate investor from Vietnam who has now settled in Oklahoma City as the Founder, CEO, and Managing Partner of KNN Capital Partners. After catching the real estate bug in college, Khoa describes his first deal and what he learned from the experience. We learn how and why he pivoted to multifamily, the benefits of investing in multifamily that can’t be found in single-family, where and how to find multifamily deals, and Khoa’s method for evaluating the best multifamily deals. We also discuss the ins and outs of syndication, the roles of a general partner versus a limited partner, what’s important when vetting different syndicators, and how interest rates affect property evaluations.
About Today's Guest
Khoa Nguyen, PharmD founded KNN Capital Partners based in Oklahoma focusing on Multifamily acquisitions and investor relations. With a strong background in leadership and analyzing numbers, Khoa excels at underwriting deals as well as building power teams. Khoa led his team to become a trusted “boot on the ground” partner in Oklahoma. Khoa has used his sharp skills to find different solutions to acquire the properties, maximize investors’ return, and execute the project plan within expected timeline. With a medical background, Khoa has created a rapidly growing medical community, exclusively for pharmacists, that focuses on multifamily investing where he helps many of his fellow pharmacists build up their passive income to achieve financial freedom. Together with his trusted partners and investors, KNN Capital Partner currently owns and operates a total of 170 units.
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Episode Summary
Financial planners often get a bad reputation because people either don’t trust them or they feel like planners are a waste of time — they could be doing the job themselves. So on today’s episode, sponsored by First Horizon, YFP’s Co-founder & Director of Financial Planning, Tim Baker is here to discuss the four reasons why having a financial planner is crucial for managing your investments. From our conversation, you’ll gain a better understanding of the type of accounts that a financial planner could manage on your behalf, what an Investment Policy Statement (IPS) is, and why it’s vital for your financial plan. Then, we dive into the 4 reasons why, if it is the right fit, having a financial planner manage your investments is a good idea. Spoiler alert…hiring a financial planner to beat the market didn’t make the list!
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Episode Summary
Navigating the world of financial advice can be a tricky thing. You’re often confronted with baffling jargon, an overwhelming amount of choice, and a lack of transparency, which will typically leave you feeling more confused than when you started. Here to help us unpack these topics today is YFP team member, Justin Woods, PharmD, MBA who has had over 350 financial conversations with pharmacists! We talk with Justin about why pharmacists tend to be skeptical when it comes to hiring a financial planner, the various terms and titles used in the financial services industry, and what outcomes you should expect as part of the financial planning process. Tuning in you’ll learn about key factors that hold people back from pursuing financial advice — like previous negative experiences — as well as an overview of how the financial services industry has changed over the years, and how this impacts clients. We also discuss key terms, like “fiduciary”, and how understanding their implications can help you navigate the industry, before unpacking the four factors of financial decision-making and how planning can help you live a rich and meaningful life.
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Summary
Less than half of parents feel confident in what they are teaching their children about money. Even fewer regularly discuss money with their kids. Julia Myers is a practicing pharmacist and pharmacy leader at the University of Missouri Healthcare. During this episode, sponsored by First Horizon, we discuss how the type of money household you grew up in influences your financial management today. We explore strategies to teach your children about money across the full spectrum of ages, from early childhood to young adulthood. Julia weighs in on the loss of generational wealth, why mistakes are the best teachers, and how self-reflection can lead you to better equip your children to build their financial futures. Throughout the show, Julia offers practical tips on approaching money conversations with your family and empowering your children.
About Today's Guest
Julia Myers is a practicing pharmacist and pharmacy leader at the University of Missouri Health Care in Columbia, Missouri. Julia received her Doctor of Pharmacy degree from the University of Wyoming School of Pharmacy and her Masters in Business Administration from the University of Tennessee- Knoxville. Her 15-year career encompassed clinical and leadership roles in community pharmacy, ambulatory care, health system, and specialty pharmacy. In 2020, Julia was recognized as a member of the Class of 20 Under 40 by Columbia Magazine for her achievements in medication affordability, specialty pharmacy, and overall community impact. After experiencing a life-changing medical event, Julia semi-retired in May 2022 and is now pursuing her best life focusing on family, lifelong learning, and travel. Julia enjoys spending time outdoors, reading and writing, and raising 5 children with her husband Brad. Follow her on social @Juliamyersrx
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Keith in Ohio: What's the catch with these new savings accounts that have 4%+ APY?
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Summary
On this episode of YFP Real Estate Investing Podcast, co-hosts David Bright and Nate Hedrick provide a mid-year check on the REI market, including how they are evaluating opportunities and what they are seeing in their own real estate portfolio. They discuss how the 1% rule applies in today’s market, considerations for converting your primary residence into a rental, and how future mortgage qualifications are affected by past and present properties you own and have owned.
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Episode Summary
On this week’s episode of the YFP Podcast, we tackle getting your estate plan buttoned up. We’re joined by Tim Baker, CFP®, RICP®, RLP®, Co-Founder of Your Financial Pharmacist, to talk about estate plan preparations. We go through why it’s important to plan your estate, what an estate plan includes, and what happens if you do not have one in place. Tim then shares his thoughts and insights on three action areas; documentation, beneficiaries, and legacy folders.
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Episode Summary
The tax filing deadline is behind us so time to sit back and relax, right?! As YFP Director of Tax, Sean Richards, CPA, EA, tells us today, it’s important we are keeping tax front of mind year-round to avoid common blunders that show up during tax filing season. During this episode, Sean outlines ten of the most common mistakes he saw pharmacists make throughout the tax season including his thoughts on how year-round planning can help mitigate these mistakes.
About Today's Guest
Sean Richards, CPA, EA, received his undergraduate degree in Corporate Finance and Accounting, as well as his Master of Accountancy, from Bentley University in Waltham, MA. Sean has been a Certified Public Accountant (CPA) since 2015 and received his Enrolled Agent certification earlier this year. Prior to joining the YFP team, Sean was the Senior Treasury Manager at PRA Group, a global debt buyer based in Norfolk, VA. He began his career at American Tower Corporation where, over 10 years, he held several positions in audit, treasury, and accounting. As the Director of YFP Tax, Sean focuses on broadening the company’s existing tax planning and preparation operations, as well as developing and launching new accounting offerings, including bookkeeping, payroll, and fractional CFO services.
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Episode Summary
If we don’t earmark our cash for specific items, we’re very likely to spend it. In this YFP Planning Case Study, Tim Baker, CFP®, RLP®, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Angel Melgoza, MS CFP® use a hypothetical couple (Joe and Jane Script) to discuss balancing retirement savings with a major purchase and education planning. After being provided with an overview of the couple’s finances and their goals for the future, Kelly and Angel pick apart their investment approach and offer advice for how they could make it more sound. From the importance of saving with the intention of avoiding getting hit with a surprise tax bill, this episode will make you think more deeply about the way you approach your financial plan!
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Summary
Danny Mach, PharmD joins the YFP Real Estate Investing Podcast to talk about his journey from purchasing his first single-family home in 2019 to growing his portfolio to include four single-family homes and being a partner in an 11-duplex deal. During this episode, you’ll hear about Danny’s career track in pharmacy, how and why he got started in real estate investing, and the lessons he has learned along the way. Finally, Danny explains the importance of prioritizing your pharmacist job, shares his love for Bigger Pockets, and reminds us to take action!
About Today's Guest
Daniel Mach, PharmD is a clinical informatics pharmacist and a small-time real estate investor who is on a mission to achieve financial freedom. After graduating from the University of Oklahoma College of Pharmacy in 2017, Danny dove headfirst into the world of healthcare. At the time, he did not have any interest in real estate investing but wanted to explore other avenues for building wealth and achieving financial stability. His drive to work was over an hour one way and he decided to make good use of that time by educating himself through podcasts including BiggerPockets. This led him to the world of real estate investing, where he purchased his first single-family home in 2019. Since then, he has grown his portfolio to include four single-family homes and partnered with other investors on an 11-duplex deal. While he still considers himself a small-time investor, he’s incredibly proud of the progress he has made in building a profitable portfolio that supports his long-term financial goals.
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Summary
On this episode of The Pharmacy Innovators segment of the YFP podcast, sponsored by First Horizon, Dr. Izabella Wentz (The Thyroid Pharmacist) joins Dr. Corrie Sanders. Izabella is a pharmacist turned business owner and best-selling author. After being diagnosed with Hashimoto's disease, Izabella took steps to turn her own questions into an answer for others, founding two companies, and writing three books!
About Today's Guest
Izabella Wentz, PharmD, FASCP, is an internationally acclaimed thyroid specialist and a licensed pharmacist who has dedicated her career to addressing the root causes of autoimmune thyroid disease after being diagnosed with Hashimoto’s thyroiditis in 2009. She is the author of three books on Hashimoto’s: Hashimoto’s Thyroiditis Lifestyle Interventions for Finding and Treating the Root Cause, Hashimoto’s Food Pharmacology, and Hashimoto’s Protocol, which became a #1 New York Times bestseller.
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Episode Summary
Investing your money is one thing, but people often overlook the fact that they should also be investing in themselves. An article in the Wall Street Journal in late 2022 suggested that “The Best Investment to Make in 2023 Is in Yourself” and that people should treat their own career development like they do their investment portfolios. To discuss this, we are joined by Erin Albert, PharmD, JD, MBA. Erin is the vice president of pharmacy relations and the chief privacy officer at Mark Cuban Cost Plus Drug Company. In addition to being a pharmacist, she's an attorney, author, and podcaster. She explains the concept of investing in oneself by building a portfolio of how we spend our time and money and how she applies this to her own life. She talks about the five categories that make up her professional development portfolio, how often she revisits this framework, and what it looks like to pay herself dividends along the way. She also talks about what she looks for in education and training programs and how her personal brand and network have accelerated the achievement of her goals.
About Today's Guest
Erin L. Albert is Vice President of Pharmacy Relations and Chief Privacy Officer at Mark Cuban Cost Plus Drug Company, PBC. She is both a pharmacist and an attorney. Prior to joining Mark Cuban, she worked in a variety of pharmacy roles, including pharmacy benefits, taught pharmacy students at Butler University College of Pharmacy and Health Sciences for over a decade, served as a director of content for two different ACPE accredited Continuing Pharmacy Education programs, consulted in both fee for service and managed care Medicaid, worked in the pharmaceutical industry in a variety of roles—(including pharmacovigilance, clinical trials, medical affairs, and medical marketing), and in community practice pharmacy as a staff pharmacist and pharmacist-in-charge. She is also a freelance writer and author of over a dozen books, and podcaster (at The Edutainer Podcast.)
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Daphne in Madison, Wisconsin: How can I best prepare for an unexpected major health challenge?
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In over 300 episodes of Your Financial Pharmacist, we haven’t covered much about annuities and today, Tim Baker, CFP®, RICP®, RLP® joins Tim Ulbrich, PharmD to do just that. On this episode, sponsored by First Horizon, you’ll hear all about what annuities are, the main types and how they differ, common misunderstandings, fees associated with annuities, and how they can assist with building a retirement paycheck through the flooring strategy.
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Alex Cartwright, PhD, an associate professor of economics and managing partner at Vilicus Capital, discusses strategies for navigating today's real estate market, why he is making a move toward syndication, and why clenching onto tools won’t necessarily help you get to where you want to go.
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Havalee Johnson, pharmacist and Founder of Immigrant PharmAssist, shares how and why she made the move from Jamaica to Canada, how her business helps immigrant pharmacists transition into their careers in Canada, and her business goals.
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Dr. Donisha Lewis talks about her debt-free journey, why and how she got involved in real estate investing, and how she and her husband got on the same page to achieve their financial goals.
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Tony Umholtz talks about navigating the mortgage market, important factors home buyers should understand when evaluating lending options, the anatomy of a home loan, and when to engage with a lender in the home-buying process.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Melanie in Orlando, FL: What investment options do I have for my child outside of a 529 account?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Josh Schaendorf, an experienced loan officer, shares insight and updates on lending options available to pharmacist real estate investors.
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Riley Protz, PharmD, MBA, a pharmacist on the FIRE journey since completing pharmacy administration residency training, discusses his career journey, student loan philosophy, and pathway to financial independence while living a rich and fulfilling life.
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On this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, celebrate the 300th episode of the Your Financial Pharmacist Podcast! From student loan repayment strategies and investment planning to wealth protection and entrepreneurship, this podcast has strived to provide valuable insights and practical advice to help pharmacists achieve their financial goals each week. Tim and Tim reflect on some of the most memorable moments and guests from the past 299 episodes.
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Nate Hedrick, PharmD, The Real Estate RPh and co-host of the YFP Real Estate Investing Podcast, discusses home buying for pharmacists, how to determine if you are ready, how to find an agent, and much more.
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In episode 100 of the YFP Real Estate Investing Podcast, Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, reflect on the first 99 episodes, announce a new release schedule, and share details about the next season of the podcast featuring a continuing education style format.
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Dean Emeritus Dr. Gary Levin dives into the details of preparing for retirement. He shares how his career evolved from serving in the Navy to a career in pharmacy and then nearly 30 years in academia. He talks through how early investing and saving in his first job laid the foundation for his retirement, how he dealt with market volatility throughout his career, and why he started a charter company in retirement to supplement his income.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes this question from Leighton in Boise, Idaho: How are 529 accounts affected by changes with the Secure Act 2.0?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Chris Caldwell, founder of Sell As You Are, shares helpful insight into building the mindset of a successful business owner, overcoming fear pharmacists often associate with real estate entrepreneurship, and the transformative power of expressing gratitude as an entrepreneur.
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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, introduces the new series, The Pharmacy Innovators, designed for pharmacists navigating the entrepreneurial journey, featuring founder stories and strategies to help guide current and aspiring pharmacy entrepreneurs. In this first episode, Tim interviews Corrie Sanders, PharmD, before handing over the lead to her for the remainder of the series.
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Jenny White, PharmD, and Myke White, USAF, share their recent experiences in providing solutions in pre-foreclosure situations as real estate investors and their unique approach to ethical real estate investing utilizing assumable loans.
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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to talk about long-term care insurance. During the show, they discuss what long-term care insurance does and does not cover, common misconceptions about long-term care policies, and five key considerations when purchasing a policy.
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Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, address routinely asked questions about when you do and do not need a realtor as a pharmacist investing in real estate.
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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, to wrap up the two-part series on common social security mistakes to avoid.
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Thomas Castelli, CPA, CFP®, a tax strategist and real estate investor, discusses the benefits of passive real estate investing for busy pharmacists and employing tax strategy to get the most out of your real estate investments from a tax perspective.
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Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, to kick off a two-part series on ten common social security mistakes to avoid.
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Michael Crowe, PharmD, MBA, a certified specialty pharmacist, talks about having a meaningful career in pharmacy while passively investing in real estate through some creative investing ideas.
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Dr. Victoria Reinhartz, CEO of Mobile Health Consultants, a business founded to solve the access to care problem by empowering interprofessional Mobile Integrated Health and Community Paramedicine teams, discusses her motivation for building Mobile Health Consultants, the target audience and how this has evolved, how she overcame the initial hurdles of starting a business, and how she balances running a business while working in an academic position.
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Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, talk through what to do with your old house and real estate investment strategies at play when planning to move to a new primary residence.
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This week, Dr. Lauren Castle, founder of Functional Medicine Pharmacists Alliance, discusses how her experiences working with Walmart in influencer marketing and personal branding helped prepare her for growing her business, why she started FMPhA to integrate pharmacists into functional medicine, and her transition from employee to entrepreneur.
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Dr. Matt Kauflin, Co-Founder at Teach Me Pharm, discusses the creation of Teach Me Pharm, how his pharmacy-related side hustles helped to fund his growing real estate portfolio, and his plans to build generational wealth.
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Dr. David Zgarrick, a Professor Emeritus of Northeastern University, shares why he views the next phase of life as a preferment phase of his career, why he started planning financially early in his career, and advice for new grads facing the financial headwind of competing priorities including student loans, saving for the future, and buying a home.
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Dr. Michael Lee, a pharmacist and newly minted real estate agent, shares his mindset and approach to starting new ventures, insights that pharmacist real estate investors can apply to take on any new challenge, and his tips for getting out of your comfort zone as a rookie in the field of real estate.
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Sean Richards, CPA, EA returns to the podcast to discuss the difference between tax planning and tax preparation, how effective tax planning can prevent costly mistakes, tax changes for 2023, and the basics of YFP’s Comprehensive Tax Planning.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Celine from the website: What are the pros/cons of buying an annuity?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, discuss practical ways that real estate investors can take action based on market predictions for 2023.
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Kun Yang, a pharmacist and Co-Founder & CEO of Pricklee Cactus Water, shares how and when he knew the entrepreneurial path was right for him. In this episode, he discusses the experience of being on Shark Tank, where he effectively navigated a negotiation with two sharks that led to a deal, and the most important skills he has had to acquire as an entrepreneur leading a growing company.
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Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, share their predictions for the real estate market in 2023, including interest and mortgage rates, rent rates, and house pricing.
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This week we replay a YFP Podcast Classic. Suze Orman, #1 New York Times bestselling author on personal finance with over 25 million books in circulation, joins Tim Ulbrich on today’s episode. They talk about her most recent book Women & Money: Be Strong, Be Smart, Be Secure and the advice Suze has for pharmacy professionals feeling overwhelmed with their student loan debt and managing their financial plan.
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Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, discuss standout moments from a common resource of podcast guests from the last year and why the book has motivated so many to start their journey in real estate investing.
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Tim Gauthier, antimicrobial stewardship pharmacist and pharmacy entrepreneur, discusses the genesis of IDStewardship.com and LearnAntibiotics.com, how he has monetized his clinical expertise to create passive revenue streams, and how he balances the demands of entrepreneurship with his personal and professional commitments.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Alex from the YFP Facebook Group: How can I make sure that all my loans qualify for PSLF?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Drew Wiard, The Flying Investor, returns to the YFP Real Estate Investing podcast with an update on his evolution from his successful pharmacy career to his present role as a full-time real estate investor. Drew shares about the power of early retirement, how he was able to ease through this change through mindset work, and the importance of being comfortable with being uncomfortable.
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Christina Slavonik, CFP® to discuss retirement scenarios and how to handle a large cash position in this YFP Planning Case Study.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Sean: What do you think about purchasing I-Bonds now that rates have dropped?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, break down key components and mechanics of housing assistance voucher programs and outline general requirements for real estate investor participation.
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Tony Umholtz, a mortgage manager for First Horizon, talks through the current state of the home buying market and interest rates, how to navigate the options available to purchase a home, considerations for all types of buyers, and unique lending considerations.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Paul: Can I use HSA money when living outside the US?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Steven Nguyen, a pharmacy director and real estate investor, explains how he scaled from one single-family home to 90 units in five years while continuing to work full-time in his pharmacy career.
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Dr. Jimmy Pruitt, an emergency medicine clinical specialist and entrepreneur, discusses what led him to start the Pharmacy and Acute Care University, how he monetized his clinical expertise through developing masterclasses, workshops, reference libraries, community forums, and webinars about the effective use of medications in the management of critically ill patients, how he has balanced the start and growth of his business while working full-time, and the role his business has played in helping him achieve his financial goals.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Tabita: What investing vehicles (outside of real estate) should I consider if planning for an early retirement?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Corrie Sanders, founder and CEO of Hawaii's only pharmacogenomic consulting company, Huna Health and President of the Hawai’i Pharmacists Association, discusses mindset, investing, and how she manages her pharmacy career and real estate investing in one of the most expensive markets in the country.
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YFP Director of Tax, Sean Richards, CPA, EA, talks about optimizing your tax situation as a pharmacist. He discusses tax basics that every pharmacist should know, the critical distinction between tax planning and tax preparation, and how to prepare for the year-end to put yourself in the position to have a headache-free tax season.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a recent presentation: What's the best way to begin with investing in real estate?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, deep dive into three areas for consideration for pharmacist real estate investors at year-end. They discuss opportunities and tips for stocking up on materials, making end-of-the-year property upgrades, and decisions on end-of-the-year property sales and purchases.
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Nate Hedrick, The Real Estate RPh and co-host of the YFP Real Estate Investing Podcast discusses the top ten mistakes first-time homebuyers make.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a recent webinar: How do I structure my bank accounts to make budgeting easier?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Your Financial Pharmacist Director of Tax, Sean Richards, CPA, EA, discusses end-of-the-year tax strategy, emphasizes the value of proactive tax planning, and clarifies a few misconceptions about tax benefits for pharmacist real estate investors.
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Dr. Adam Martin, The Fit Pharmacist, talks about practical strategies you can implement to help you thrive, five areas of the SMILE framework for living to your full potential, and the most effective antidote and prevention to disempowering feelings.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question and website submission from Javier: Should I use emergency savings to wipe out student loan debt?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Lindsay McLaughlin shares her unique journey in real estate investing and how she found her niche in residential assisted living facilities.
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Dr. Warda Nawaz discusses what led her to leave her full-time pharmacy job just 3 months in, how and why she pivoted to a career in writing, and what she has learned about herself in the early stages of entrepreneurship.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: How does the investment feature on my HSA account work?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, get into the spirit of Halloween and share spooky real estate stories from three former YFP Real Estate Investing Podcast guests.
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Kim Newlove, founder of The Pharmacist’s Voice and host of The Pharmacist’s Voice Podcast, shares how and why she started her business in 2017, how she pivoted from her initial service and business idea, and what myths as a business owner she has found to be untrue.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Julia: Should I purchase additional life and disability insurance policies if we’re expecting our first child soon?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Manale Maksour, a pharmacist and real estate agent, shares her story and provides insight into why a real estate agent is one of the most important people to have on your real estate investing team.
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP®, to discuss selling a pharmacy and leaving a legacy before transitioning into retirement.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Brian: Should I buy a new car if my plan is to aggressively pay off my student loans quickly after graduation?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Jim Carmichael, a commercial real estate broker, entrepreneur, and podcaster, joins Nate Hedrick and David Bright to discuss common fears about the current real estate market, predictions for the next six months, and considerations for current investors or those contemplating investing.
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Dr. Frank McCabe discusses his career in pharmacy and how he teaches financial principles as a preceptor and parent.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a recent Lunch and Learn: What can I do if I already cut expenses in my budget but it’s still not enough?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, dive into three strategies for getting started in real estate investing with limited cash.
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Sarah Adkins, PharmD, discusses how and why she started a non-profit pharmacy, why giving and philanthropy are a core piece of her financial plan, and how pharmacists can get involved using their expertise to help others.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a recent YFP webinar: Should I refinance my higher interest rate federal loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, share their experiences with four real estate investing nightmares and how they figured them out.
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In the fourth episode of the four-part series on retirement planning, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, discuss how to build a retirement paycheck.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Sean Richards, CPA, takes this question from a member of the YFP community: Are there any tax implications on my paycheck if I cash out my vacation or sick days?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright welcome Rachel Gainsbrugh back to the show for an update on her real estate journey. They discuss Rachel’s recent appearance on “Buy My House” on Netflix, short-term rental market forecasting for the near future, shopping for lenders, and how to determine if a short-term rental will work in your market.
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In part three of the four-part series on retirement planning, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, explain why it’s critical to evaluate how much risk you are able to stomach versus how much risk you should take to achieve your long-term savings goal and considerations for setting asset allocation in alignment with your risk capacity.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a recent YFP webinar: How can I balance paying back my student loans and buying a home?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, answer the question of whether or not the BRRRR method remains a viable investment strategy for real estate investors today.
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Tim Ulbrich, PharmD, sits down with Tim Baker, CFP®, RLP®, for the second part of the four-part series on retirement planning. Together they discuss the alphabet soup of retirement accounts including commonly used vehicles for accruing a nest egg.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP community: Where do I begin with buying and selling stocks?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Claude Condo, RPh, shares how he transitioned from a pharmacist looking for passive income to an expansive commercial property investor while maintaining a fulfilling career in pharmacy.
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YFP Planning Lead Planners Kelly Reddy-Heffner and Robert Lopez dig into the recent student loan announcements from the Biden Administration including the extension of the administrative forbearance, student loan debt cancellation, updates to the Income Driven Repayment Plan, and what you can do now while you wait for more information to be released.
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Tim Ulbrich, PharmD, sits down with Tim Baker, CFP®, RLP®, to discuss how much you need for retirement in part one of the four-part series focused on retirement planning.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook group: Should we pay off our current mortgage with money we’ve been saving for our forever home to be debt free?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, share digital resources to help pharmacist real estate investors with deal analysis.
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Tony Umholtz takes questions from the YFP Facebook Group related to financing a home purchase including how much down payment is required with a doctor-type loan, what to look for when choosing a lender, and ways to reduce the interest rate in a loan.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook group: Should we pay off all of our student loan debt now to save on interest charges if it will deplete our savings?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Alex and Erin Failaev, healthcare professionals and real estate investors, discuss their real estate investing strategies and shared goal-oriented mindset that took them from their first investment property to a portfolio of nearly 50 rental units in less than five years.
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP® to discuss a financial planning case study on financial and life considerations as retirement nears.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Alysha in Seattle, Washington: How can I best maximize the IRS tax credit for residential solar panel installation?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Drew Register, PharmD, shares his story of walking away from a real estate investment deal when he recognized that it did not live up to the initial analysis and how a conservative approach to real estate investing can benefit pharmacist investors even when a deal doesn’t make it to the closing table.
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Jen Smith, a personal finance expert and co-host of the Frugal Friends Podcast, discusses strategies to practice frugality in a high inflationary period, how she was able to pay off $78k in debt while battling unemployment, and strategies for listeners to explore whether you are looking to get organized, make additional income, or grow in your investing journey.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Scott in Uniontown, Ohio: What should I look for when purchasing a long-term care insurance policy?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, dive into the complexity of buying tenanted rental properties and what that can mean for a real estate investor.
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Nate Hedrick, The Real Estate RPh and co-host of the YFP Real Estate Investing Podcast, discusses how interest rates, inflation, and market insanity are impacting home buyers.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from the YFP community: How much should I have in my savings account before I consider retiring?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Matt and Meghan Dreher discuss their real estate investing journey from pharmacy ownership to short-term rental ownership.
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Tim Ulbrich, PharmD, flies solo to talk through a five-step system you can implement to set and achieve your goals to finish 2022 strong.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from the Your Financial Pharmacist Facebook Group: What should I do with a large bonus I got from my employer?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dylan Koch, PharmD, RPh, shares how he pursued financial independence through real estate, first as a house-hacking pharmacist and now as a full-time real estate investor.
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Dr. Jodi Nishida shares what significant health event led her to a keto-based diet, why she saw an opportunity to launch her business and keto-based practice, and lessons she’s learned through helping over 1500 patients with medically-guided keto.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from the YFP Community: Can I invest in real estate while pursuing Public Service Loan Forgiveness (PSLF)?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, break down loan types, discuss loan strategy, and cover key loan terminology for pharmacist real estate investors.
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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, shares ten lessons he has learned on his journey from employee to entrepreneur.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Justin in Nassau County, NY: What options do I have for investing for retirement if I’m categorized as a ‘Highly Compensated Employee’?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
YFP Planning Lead Planner, Robert Lopez, CFP®, discusses prioritizing your financial goals to include real estate investing, ways for pharmacists to invest in real estate without owning a rental property, and questions you should be asking yourself and your financial planner before purchasing an investment property.
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Dr. Alexis Miller talks about graduating from pharmacy school debt-free because of her service to our country, by joining the Army in 2017. She shares why she decided to join the Army while in pharmacy school, the ins and outs of the GI Bill and tuition assistance, and how she plans to apply her pharmacy knowledge to her role in the Army.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Marisa in Bluffton, SC: Should I use the equity from our primary residence to pay off high interest debt?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, discuss three key strategies for finding and managing cashflow with real estate investing.
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Diamond Spratling, an impact-driven environmental health professional and non-profit leader, discusses her TEDx talk, The Secret to Clean Energy: Addressing The Root Causes of Energy Burden.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from David in Michigan: Should I consider an adjustable rate mortgage for a real estate investment property?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tyler Dalton, PharmD, shares his real estate investing experience, how he purchased 10 houses in his first two years as a real estate investor, and how he continues to grow his portfolio toward the ultimate goal of replacing his pharmacy salary.
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Kristen & Nate Hedrick to discuss their journey in paying off $250k of student loan debt, their motivation and why for aggressively paying off the debt, and the role a side hustle and real estate investing played to help them achieve their goal.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Kayla in New Orleans, Louisiana: Should I refinance my federal student loans with the possibility of some student loan cancellation happening?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, unpack the process of purchasing real estate remotely.
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP® to walk you through a financial planning case study on planning for retirement, saving for kids’ college, and paying off debt.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from the Fritsches in Troutdale, OR: How do we build wealth after paying off our student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Blake Johnson, PharmD, and Zac Hendricks return to the YFP Real Estate Investing Podcast to discuss their investment strategy and how they manage risk in a changing real estate market by returning to the fundamentals.
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Robin Hauser, an award-winning director and producer, talks about her most recent documentary, $avvy, which explores why it’s critical for women to understand and take control of their personal finances.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Rachel in Spartanburg, SC: What options do I have if I am on FMLA leave for an extended period of time without income?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, discuss how to decide whether to keep or sell a rental property in a hot real estate market.
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Megan Freeland, PharmD, talks about her career path in medical writing, the types of health content writing that might interest pharmacists, and how she created the Health Professionals to Health Writers program.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Carol in Missoula, MT: How and when should I make extra payments on my student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Marissa Deuel, PharmD, shares her experience in the first cohort of the None to One Group Coaching Program and her successful approach to investing in real estate.
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Tony Umholtz talks through how to determine how much home you can afford.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Jordan in Columbus, Ohio: How can I balance home buying with student loans?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tony Guerra, MHCI, PharmD discusses how he has built his real estate investment portfolio and how he is using those investments to build generational wealth.
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Dr. Kimber Boothe, PharmD, MHA, talks about her career in health systems and the pharmaceutical industry, why she founded the Kimber Boothe Group, how she has monetized her expertise, and the lessons she’s learned from publishing her second book, ‘Pharmfluencers: The Inspiring Stories of Pharmacy Entrepreneurs.’ Key Points From This Episode
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Blake in Indianapolis, IN: How should I adjust my budget to prepare for my first child?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, PharmD and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP do another deep dive, this time covering how to navigate the major milestones in the real estate purchase process and planning for closing day.
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YFP Planning Financial Planner, Kimberly Bolton, CFP® discusses why the CFP® designation is the most valuable credential when providing comprehensive financial planning, why the term financial planner in and of itself doesn’t mean a whole lot, what questions you can ask to find a planner who is a good fit for you, and what someone can expect when working with a financial planner.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Megan in Columbus, OH: Should we pay off our student loans now or wait to see if the Biden Administration forgives any loans?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Drew Stahl, a clinical pharmacist specialist, shares how he self-manages 48 rental units as a full-time pharmacist.
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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, welcomes back to the show Ashlee Klevens Hayes & Chris Cozzolino, two pharmacists and entrepreneurs. Together, they discuss the new book Ashlee and Chris have co-authored: ‘Own Your PharmD, Own Your Career: Real Life Advice from 50+ Pharmacy Leaders and Influencers.'
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from D'Yana in Atlanta, GA: How risky should I be with my investments at age 34?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss three key approaches for finding and purchasing real estate investment properties in a low inventory market.
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Nate Hedrick, The Real Estate RPh, and co-host of the YFP Real Estate Investing Podcast, discusses evaluating online home listings, why open houses exist, how real estate agents get paid, and how the home buying concierge service he developed can help first-time homebuyers.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from James in Bellingham, WA: What is an Exchange Traded Fund (ETF) and how does it compare to a mutual fund?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Paul Hinckley, PharmD, CSPI, makes his second appearance on the podcast, sharing his most recent rental portfolio growth and best practices for success in partnerships for long-term rental investments.
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP® to walk you through a financial planning case study on growing a family, paying off student loans, and buying a house.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: Is non-PSLF forgiveness an option for a non-retail pharmacist?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Todd Strumpfer, a senior account executive at Cost Segregation Services, Inc., discusses depreciation, its importance in real estate investing, and why pharmacist real estate investors should consider cost segregation services for their properties.
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Emlah Tubuo, the owner and pharmacist in charge at Powell Pharmacy & founder of Emlah Naturals, a pharmaceutical-grade supplement line, shares why she decided to start her own business, the challenges she has had to overcome in starting and running a business, and how she defines personal and professional success.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: How should we handle money the kids get considering their 529 accounts are well funded?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Senate Eskridge, a professional real estate investor, talks about what real estate syndication is, how it works, and what a professional real estate investor looks like. Key Points From This Episode
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Nate Hedrick and David Bright, co-hosts of the YFP Real Estate Investing Podcast, share their top tips and strategies for getting started in real estate investing.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Andrew in the YFP Community: What is tax loss harvesting and when/how should this strategy be used?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright reflect on the past year, what they have learned, and share six considerations for making an offer and getting the deal.
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YFP Director of Business Development, Justin Woods, PharmD talks about 10 takeaways from more than 50 discovery calls he’s conducted, where he has had a close look at the financial goals and concerns of pharmacists across the country.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from the YFP Facebook Group: Should I invest in my company 401(k) given my limited hours and associated fees?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Louisa Wolowiecki discusses her entrepreneurial journey, her ‘life by design’ mindset, and some hard and fast rules for real estate investing as a pharmacist.
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YFP Co-Founder and Director of Financial Planning, Tim Baker CFP®, RLP®, talks about the three silent killers of your investment pie and how to keep your investment portfolio fit.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: Where should I start investing if I have disposable income available?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright do a deep dive into real estate investing spreadsheet analysis, covering how to analyze a property with different angles, strategies, and methods.
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Robert Lopez, CFP® and YFP Planning Lead Planner, discusses the current state of the PSLF program, plus three pharmacists share their PSLF success stories. Key Points From This Episode
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: Can I contribute to my Roth IRA if I'm over the income limit this year?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Drew Wiard, The Flying Investor, discusses his prolific success in real estate investing, scaling from single family homes to multi-million dollar syndication deals.
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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, talks about ten common financial mistakes that pharmacists make.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Brian in Buffalo, New York: What tax implications are there when using HSA funds as "play money"?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright, your podcast hosts, discuss seven frequently overlooked rental property expenses that real estate investors should consider.
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Dr. Lisa Faast, Founder & CEO of DiversifyRx, discusses her mission to make pharmacy profitable again.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Martika in Owensboro, Kentucky: What financial considerations should my fiancé and I think about before getting married?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Real estate agent, Carly Swihart, discusses five things to know before walking a house with your realtor.
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Tony Umholtz, a Mortgage Manager for First Horizon, discusses getting under contract in a competitive home buying market.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Stephen in Sacramento, California: What yearly tax implications should I be thinking about when contributing to brokerage accounts?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Stewart Olney, PharmD and Elizabeth Olney, Realtor discuss their real estate investing path from house hacking by renting out a spare room to motel hacking and building a real estate business through hotel and motel investments.
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Nate Hedrick, the Real Estate RPh, is back on the show discussing 6 common home buying debates.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Michelle in Walkerton, Indiana: Where should I invest if my income is too high for a Roth and I’m maxing out my 401(k)?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss case studies in this week’s deep dive into investment property renovations.
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Derek Borkowski, PharmD, founder and CEO of Cosmas Health and creator of the Pyrls app, talks about how and why he built the Pyrls app, what problem he was trying to solve, and some of the challenges he faced in the early days of being an entrepreneur. Key Points From This Episode
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Tyler in Iowa City, Iowa: How many investment options should I have in my portfolio?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright deep dive into three key factors to take into consideration when renovating your investment properties.
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, talks about social security retirement benefits, how they are funded, how to determine eligibility and considerations for receiving benefits.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Dalton in West Des Moines, Iowa: Does my side hustle income get treated any differently than my W-2 income?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Jenny and Myke White share their experience of purchasing a new home and transitioning their former primary residence to a rental property.
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Links Mentioned in Today’s Episode
David Bright and Nate Hedrick talk through five common objections to getting started in real estate investing. Key Points From This Episode
Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jonathan in Southern California: Should I sell assets from my brokerage accounts to fund real estate investment properties?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tanh Truong discusses the differences and similarities between the residential and commercial real estate spaces and why he purchased a five million dollar strip mall. Key Points From This Episode
Dr. DeLon Canterbury recounts how early setbacks motivated him to start a business in the middle of a pandemic and how his personal ‘why’ shaped the work he is doing to help solve the problem of mismanaged medications in the senior population.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Nicole in Cincinnati, Ohio: Are computer-managed investments better than an individual managing your account?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss how to determine your repair and capital expense budget for your properties and how these two budget lines can make or break your investment.
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Links Mentioned in Today’s Episode
Tim Baker talks through two I’s that you might be overlooking as it relates to your financial plan: inflation and I-Bonds.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrew in Cincinnati, Ohio: Should I use a 15-year or 30-year mortgage when buying or refinancing a home?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Josh Ebbing talks us through his last few years in real estate and what he's done to both find and fund the deals that have allowed him to scale so quickly.
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Links Mentioned in Today’s Episode
Mike Koelzer, CEO of Kay Pharmacy and host of The Business Pharmacy Podcast, discusses the mindset, habits, and behaviors of successful pharmacy influencers and entrepreneurs.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jacob in Lancaster, Ohio: Should I max out my contributions to my 401(k) or 403(b) before contributing to other retirement accounts?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Jared Wonders returns to the show to share how he manages tenant turnover as a real estate investor and busy full-time pharmacist.
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Links Mentioned in Today’s Episode
Tim Ulbrich talks through 5 financial moves you should consider making in 2022 to accelerate your financial plan.
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Tim Ulbrich and Tim Baker discuss goal setting, the importance of your ‘why,’ and translating each to a realistic plan toward real estate strategy in 2022.
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Tim Baker talks through the unique financial needs and considerations of Generation X.
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Links Mentioned in Today’s Episode
Nate Hedrick and David Bright spread some holiday cheer, sharing their book recommendations for your real estate investing journey.
Links Mentioned in Today’s Episode
Josh and Shannon Pukl discuss their journey towards achieving financial independence and the strategies they have employed along the way.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from a member of the YFP community: Should I defer my student loans during residency?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Eric Geyer of Political Pharmacist details his last decade in real estate and shares how to scale your business from house hacking to making passive income.
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Links Mentioned in Today’s Episode
YFP Planning Lead Planner, Kelly Reddy-Heffner, discusses commonly asked questions regarding refinancing student loans.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrew in Iowa: Can I contribute additional funds to a 457 retirement account?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Young Park is back for his second appearance on the YFP Real Estate Investing Podcast to share encouraging stories about his achievable wins and how to make connections through local real estate meet-ups.
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Links Mentioned in Today’s Episode
Paul Eikenberg, YFP CFO and Director of YFP Tax, discusses how pharmacists can optimize their tax strategy.
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Links Mentioned in Today’s Episode
End of Year Tax Checklist
Nate Hedrick and David Bright do a deep dive into seller financing and how it can be a win-win for both buyer and seller.
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Links Mentioned in Today’s Episode
Cynthia Knapp Dlugosz discusses the intersection between mindfulness and money.
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Cynthia's Recommended Books
Jamie Wilkey discusses how she built her pharmacy consulting business and how she teaches and empowers other pharmacists to do the same.
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Links Mentioned in Today’s Episode
Rosie Chhun talks about how her side hustle turned main hustle afforded her the ability to pay off $180k in student loans.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Stephen in Sacramento, California: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright take a deep dive on leveraging your money through a mortgage.
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Tony Umholtz talks through five steps for getting ready for a home purchase.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Christine in Austin, Texas: Can I be enrolled in health insurance through my employer and be on my spouse's HSA?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
HGTV’s Lauren Risley talks about what it means to be an investor-friendly agent, the role of your agent when investing in real estate, and the ideal investor client.
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Bhavik Shah talks about his debt-free journey, his early missteps, and how he used his experience to further the financial literacy education of other pharmacists.
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Links Mentioned in Today’s Episode
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Kim in Columbus, Ohio: How do I find an HSA with low fees and good investment options?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Managed care pharmacist Mariah Pierce shares her real estate story detailing her house-hacking experience and how she gets paid to live in her home with short-term room rentals.
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Links Mentioned in Today’s Episode
Entrepreneur and pharmacist, Chris Cozzolino, talks about his journey building several businesses as a recent graduate.
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Kirby Atwell discusses real estate investing with intentionality, aligning your personal and real estate goals.
Mentioned on the Show
Tim Baker talks about his recent decision to buy a depreciating asset, how his journey becoming a Registered Life Planner® (RLP®) impacted his decision, and how he coaches clients considering big financial purchases.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: How can I decide if pursuing PSLF will be beneficial for me at this point in my payoff journey?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss the topic of tenant selection and whether or not to rent to tenants with pets.
Mentioned on the Show
Dr. Christine Manukyan discusses her why for leaving her career in hospital pharmacy administration, her business in functional medicine, and how bold goal setting has contributed to her success.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Kelsey in Omaha, Nebraska: How do I move my investment accounts from my financial advisor to managing them myself?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Osama Emara shares his real estate investing experience and how and why he earned real estate broker and mortgage loan originator credentials.
Mentioned on the Show
Tim Baker, YFP Co-founder and YFP Planning Director of Financial Planning, joins Tim Ulbrich to talk about open enrollment and evaluating employer benefits. Tim and Tim dig into:
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: What do I need to know about the recent PSLF changes?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Mason Goodman and Senate Eskridge share about their real estate investing partnership, how limited partnerships, general partnerships, and syndication deals work, and how busy pharmacists can get involved in real estate through passive investing opportunities.
Mentioned on the Show
Sachin Duggal discusses his career journey, how and why he aggressively paid off $100k in debt, and trends in pharmacy education and practice in Canada.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Can I roll my old 401(k) over to a 403(b) or IRA?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss the pros and cons of owning single-family vs. multi-family rentals in various markets.
Mentioned on the Show
Jacob and Michaela Soppe discuss their home buying journey in the current real estate market.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Julia in Wilmington, Delaware: Should I consolidate my student loans if I'm pursuing PSLF?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Savannah Arroyo, “The Networth Nurse,” discusses real estate syndication and shares advice on overcoming common investing obstacles.
Mentioned on the Show
Estate planning attorneys, Notesong Thomson and Nathan Kavlie, discuss estate planning and its importance in the financial plan.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Lucas in Louisville, Kentucky: How can I maximize the tax benefits of donor advised funds?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Samantha Odem shares her real estate story, how she got into flipping, and the mindset that keeps her going.
Mentioned on the Show
Michelle Lamb discusses her journey towards achieving FIRE (Financial Independence, Retire Early).
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Olathe, Kansas: What can I do about the fees on my HSA account?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss off-market real estate purchasing.
Mentioned on the Show
Kelly Reddy-Heffner talks about how those with student loans should be calculating their next moves considering the most recent extension of the administrative forbearance through January 2022.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Is there such a thing as a financial advisor that doesn't have a stake in another company?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Ketan Patel discusses mindset and an overview of syndication in real estate.
Episode Summary
Even though it is the cornerstone to success, mindset is often overlooked. We do not realize how much our limiting beliefs are holding us back from getting started in real estate or taking the next step. Ketan Patel, a pharmacist, turned full-time real estate investor and High-Performance Real Estate Coach, looks to help his clients overcome the thoughts that hold them back so that they can flourish. In this episode, we hear about Ketan’s journey from pharmacy to real estate, where he talks about why we need to reframe risk. Ketan explains how individuals struggling with mindset can overcome those obstacles and shares insight for building confidence in real estate investing. Rather than thinking about what we might lose, if we consider what we can gain, taking bold action becomes easier. Ketan shares the innovative way he funded his first deal, and he also talks about multifamily syndication, a great way to passively invest in real estate. The conversation touches on the power of mindset, where Ketan offers insights into how he’s worked on his. Ketan shares the value of being grateful for what you have and why you have to find joy beyond the numbers. Ketan truly embodies the idea that mindset matters.
Key Points From This Episode
Highlights
“I realized that with real estate, you have a lot of flexibility. You could do a flip, you could partner with someone, invest passively, you could buy a small rental, you don't have to quit your job day one.” — Ketan Patel [0:06:45]
“It doesn't really matter what business you do and what your strategies are. At the end of the day, the thoughts, the beliefs, the emotions you have, they determine so much about your success and things like that. Instead of just focusing on the knowledge, the technical aspects, they are important, but they're not as important.” — Ketan Patel [0:10:12]
“You can’t postpone happiness and joy and everything for the future. I got to start living it now regardless if I have that or not.” — Ketan Patel [0:30:15]
“We [pharmacists] don't give ourselves credit of what's really possible for us.” — Ketan Patel [0:32:44]
Links Mentioned in Today's Episode
Alex Barker talks about why pharmacists should negotiate their salary and benefits, benefits of negotiation, and 2 negotiation tips.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Abby in Wisconsin: What are my best options for mortgage loans as a first-time homebuyer?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss the rapid appreciation that some investors are seeing in their markets and some lessons learned from CPAs.
Mentioned on the Show
Dr. Marina Buksov discusses her entrepreneurial journey in natural remedies and clinical herbalism.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: What high yield savings accounts have the best interest rates?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick and David Bright discuss common investing hurdles in today’s market.
Mentioned on the Show
Kelley Carlstrom shares how she has leveraged her clinical expertise to make oncology specialty training more accessible.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jennifer in Nashville, Tennessee: Should I sell my house to pay off my student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Amanda Han and Matt MacFarland discuss tax strategies for real estate investing.
Mentioned on the Show
Tony Umholtz discusses common credit blunders when buying a home.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Can I move funds in my Traditional IRA to a Roth IRA regardless of how much I'm earning?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Frank Macias discusses his experience with building a rental property from the ground up.
Mentioned on the Show
Rachel Cruze discusses her new book, Know Yourself, Know Your Money.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Becca in Phoenix, Arizona: What are the pros and cons of refinancing my student loans?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Paul Hinckley discusses his start in real estate investing by building his portfolio with single-family homes.
Mentioned on the Show
Anna Santoro shares her journey of pursuing and receiving Public Service Loan Forgiveness.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Christian in Arkansas: Should I make a large, one-time payment on my student loans after administrative forbearance ends?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Young Park discusses his strategy for using the BRRRR method for long-distance real estate investing.
Mentioned on the Show
Tim Baker shares five considerations for investing in a volatile market.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP® takes this question from Tuong in Orlando, Florida: How should I allocate my 401(k) to reach its greatest potential?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Bryan Neal, an insurance agent, explains insurance terminology, the difference in policies and agent types, and gives his advice for pharmacist real estate investors on protecting their investments.
Mentioned on the Show
Tim Ulbrich shares his checklist for building a strong financial foundation.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP® takes this question from the YFP Facebook Group: Should I use a cash-out refinance or a HELOC to pay off my student loans? Mentioned on the Show:
Montrell Taylor and Kamren Gallon discuss how their friendship and partnership came to be, get in-depth on real estate wholesaling, how wholesaling works, and how to garner trust and network as a real estate wholesaler.
Mentioned on the Show
Tim Baker, YFP Co-Founder and Director of Financial Planning, takes a deep dive into the 529 plan. He discusses a framework for how to project and save for kids college along with the construct of 529 plans including what they are, tax advantages, what are qualified and non-qualified expenses, and considerations when investing money within a 529.
Mentioned on the Show
Ryan Chaw discusses his experience generating a solid monthly rental income through his rent by the room investing strategy in college areas. Ryan shares his methods for screening tenants, making his properties appealing to his target tenants, how he tenant proofs his units, and how pharmacists can reach financial freedom through real estate investing.
Mentioned on the Show
Tim Baker discusses why net worth matters, how to calculate your net worth, and why net worth, not income, is the true indicator of your financial health.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP® takes this question from Lalit: Is buying an electric car a good financial move after I graduate pharmacy school?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.Nate Mackey discusses his recent start in real estate investing, how the YFP Real Estate Concierge played a role in his first investment property purchase, and how he decided on multi-unit investing for his first property.
Mentioned on the Show
Nate Hedrick and David Bright discuss the growing interest in real estate investing among pharmacists, common barriers that pharmacists face that may prevent them from getting started, and three real estate investing lessons learned from fellow pharmacists who shared their stories and journeys on the YFP Real Estate Investing Podcast.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Frank in Bonita Springs, Florida: What options do I have if I need more funds during a home build due to the increased cost of expenses?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Bryce Platt discusses house hacking, including his strategy for finding houses and properties that meet his criteria for a good deal, his experience living with his tenants, and how he financed his real estate investments early in his pharmacy career.
Mentioned on the Show
Tim Baker digs into the f-word we want to minimize when it comes to our investments...FEES! When you do the hard work to save money, you should be interested in keeping as much of that investment intact by minimizing the fees that can take away from your long-term gains. Tim discusses various fees, the impact these fees can have on achieving your long-term savings goals, and strategies you can take to evaluate the fees related to your own investment plan.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Do I need professional liability insurance as a pharmacy resident?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Anthony Giuliani discusses his rapid growth in real estate investing, focusing on acquiring large multifamily investment properties with a long-term buy and hold strategy.
Mentioned on the Show
YFP Co-founder and Director of Financial Planning, Tim Baker, discusses common financial errors ranging from those made with investing, insurance, credit, and more.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Can I enroll in an HSA outside of my employer's health insurance plan?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Pharmacist, real estate agent, and investor, Nate Hedrick explains ten common real estate terms in today’s market and what they mean to potential investors.
Mentioned on the Show
Nate Hedrick discusses strategies for buying a home with student loans. He talks about the decision to rent vs. buy, how to determine if you're ready to buy, and three strategies to consider when deciding to buy a home with student loans.
Mentioned on the Show
Rachel Gainsbrugh provides insight, practical advice, and resources for finding, managing, and growing your short-term and medium-term real estate rental portfolio.
Mentioned on the Show
Alex Barker, the founder of The Happy PharmD, talks about the current state of the pharmacy job market, considerations for those looking for their first position or switching jobs, and the intersection between your career and your financial plan.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Kelly Reddy-Heffner, CFP®, CSLP®, takes this question from the YFP Facebook Group: What should I be considering when pausing private student loans?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Aaron Howell, pharmacist, realtor, and real estate investor, discusses how he manages his 29 unit rental portfolio while maintaining his career as a pharmacist. Aaron digs into the importance of having an excellent property manager, how to find one, and how to know when it's time to get a new one.
Mentioned on the Show
Tony Umholtz, a mortgage manager for IBERIABANK/First Horizon, discusses trends in the housing market coming out of the COVID-19 pandemic and the current landscape for those purchasing, refinancing, or selling a home.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Kelly Reddy-Heffner, CFP®, CSLP®, takes this question from Amelia in Tampa, Florida: What does the life insurance policy cancellation process look like?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Jenny and Myke White join Nate Hedrick and David Bright to discuss some common fears about purchasing a real estate investment property, specifically taking the jump from none to one, their process for screening tenants, how to build a team, and the importance of networking.
Mentioned on the Show
Dr. Jeff Keimer, author of the brand new book FIRE Rx: The Pharmacist’s Guide to Financial Independence, joins Tim Ulbrich on this week's episode. If you’ve heard about the FIRE (Financial Independence, Retire Early) movement before, you know that this is a powerful strategy to build wealth and to put yourself in control of your financial future. Regardless of whether or not you have early retirement goals, achieving financial independence gives you options when it comes to how you spend your time and money. On this episode, Jeff talks about why he wrote FIRE Rx, his FIRE journey, how to calculate how much you need to retire, three reasons pharmacists should consider pursuing FIRE, and how FIRE can change your relationship with money.
Mentioned on the Show
On this episode, Nate Hedrick and David Bright welcome pharmacist and real estate investor, Tanh Truong, to the show to discuss how and why he got started in real estate investing early in his pharmacy career. Tanh shares how he stays motivated, long and short-term goals, and inspiration for new investors.
Mentioned on the Show
Tim Ulbrich welcomes Dylin Redling and Allison Tom, creators of Retireby45.com and authors of two books, Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement and Investing for Kids: How to Save, Invest and Grow Money to the show. Dylin and Allison talk about their FIRE journey and share practical advice and meaningful activities to help teach kids about money and investing.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Suzannah in the YFP Facebook Group: How can I get rid of a piggyback loan?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, Nate Hedrick and David Bright welcome real estate investing partners, Blake Johnson, PharmD, and Zac Hendricks to the show. Blake and Zac discuss their why behind real estate investing, their networking strategy, and tools and tips they use to run numbers on deals.
Mentioned on the Show
On this episode, Tim Ulbrich talks with Trey Lowery about his experiences taking a non-traditional path towards residency training. They discuss why Trey decided to go back to complete residency training, how he and his wife were able to make the transition from a six-figure to a resident salary, and financial tips for those going back to do residency or making a job transition.
Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Stacey in Jacksonville, Florida: How do I correctly contribute to a Traditional IRA and Roth IRA?
Mentioned on the Show:
Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode of the YFP Real Estate Investing Podcast, pharmacist and real estate investor Jared Wonders, joins Nate and David to discuss his experience as a pharmacist and real estate investor with a variety of property and deal types. Jared explains how to get started in real estate, how to know when you are ready for your first deal, and some foundational education for those who are just getting ready to get started in real estate investing.
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On this episode, Dr. Sarah Stanley Fallaw, co-author of The Next Millionaire Next Door and founder of DataPoints LLC, a behavioral assessment advisor fintech company, joins Tim Ulbrich to talk about the surprising secrets of those who achieve millionaire status, how psychology and personal finance intersect, and why it is so important to understand your financial behaviors and tendencies.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Keith in Cleveland, Ohio: Is cryptocurrency a good investment vehicle?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Welcome to the YFP Real Estate Investing Podcast! On this episode, hosts Nate Hedrick and David Bright welcome Your Financial Pharmacist co-founders, Tim Ulbrich and Tim Baker to the podcast to discuss what Your Financial Pharmacist is and does, how the financial plan and real estate can work together, at what point a pharmacist might consider getting into real estate investing, and ways to make real estate work for busy pharmacists who are dedicated to their careers.
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Welcome to the YFP Real Estate Investing Podcast! On this trailer, you'll meet hosts Nate Hedrick, the Real Estate RPh, and David Bright. Nate and David share a quick introduction of themselves, the mission and why behind the YFP Real Estate Investing Podcast, and what to expect on upcoming episodes.
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On this episode, Tim Ulbrich welcomes Nate Hedrick and David Bright, co-hosts of the brand new YFP Real Estate Investing Podcast that is launching on Saturday, April 17, 2021. Tim, Nate, and David talk about the mission and why for the show, who the podcast is for, the content that will be covered, and the guests that will be featured on the show. They also discuss the newest guide developed by Nate and David, The Pharmacist’s Guide to Real Estate Investing, which details a step-by-step plan on how to get started in real estate investing.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Sally in the YFP Facebook Group: How should I prioritize several financial goals?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, sponsored by Insuring Income, Tim Baker and Tim Ulbrich break down the key points of the most recent $1.9 trillion stimulus package also known as the American Rescue Plan Act of 2021. Tim and Tim discuss the items that they think are the most relevant to your financial situation and plan, including the stimulus payments, the expansion of the child tax credit, the unemployment compensation and benefits, and what to make of the student loan forgiveness provisions being tax-free through the end of December of 2025.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Hannah in Coal Valley, Illinois: What apps are good to use to invest in the stock market?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, Blair Thielemier, the creator of the Pharmapreneur Academy and the Elevate Pharmacy Summit, joins Tim Ulbrich to talk about ideas and strategies for how to monetize your clinical expertise, including where to start, how to know if you have a good idea and common barriers that pharmacists often have to face and overcome. Blair and Tim also discuss the upcoming Elevate Pharmacy Summit, where you can learn about building revenue with clinical service contracts so that you can help more patients while generating income along the way.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Hilary in Madison, Wisconsin: What should I do if my part-time employer isn't withholding federal taxes on my paycheck?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode sponsored by Insuring Income, pharmacist, improv comedian, and motivational speaker, Cory Jenks, joins Tim Ulbrich to talk about how and why he got started with this side hustle, how it has improved his ability to connect with his patients, and how you, as a pharmacist, can apply the valuable skills of improv comedy to create a more adaptable, empathetic, and humanizing healthcare experience.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from James in Atlanta, Georgia: What happens when I leave my job and I've spent more of my FSA (Flexible Spending Account) than I've contributed?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode sponsored by IBERIABANK/First Horizon, Tim Baker and Tim Ulbrich talk through strategies for saving money for your children’s college education. They discuss phases of planning for educational expenses, how to project how much to save, and various options for saving for kids’ college including 529s, Coverdell Education Savings Accounts, UGMA and UTMA Accounts, and Roth IRAs.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Should I consider investing in a REIT (real estate investment trust)?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, sponsored by Insuring Income, Karine Wong, pharmacist, educator, and entrepreneur, joins Tim Ulbrich to talk about her journey starting My Guiltless Treats. Karine discusses how she uses her pharmacy skills in her entrepreneurial journey, how to determine whether or not a business idea is worth pursuing, why it is so important to have a clear purpose and vision, and why saying ‘yes’ is so crucial when starting and running your own business.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Manish in San Francisco, California: What are the pros and cons of taking out a 401(k) loan for a down payment on a house?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, sponsored by Live Oak Bank, Nate Hedrick, the Real Estate RPh, joins Tim Ulbrich to discuss considerations for building vs. buying a home, the pros and cons of building, lending considerations when building a home, and common pitfalls when choosing to build a home.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Liz in Lexington, Kentucky: Why did my credit score drop when I made no major changes?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, sponsored by Insuring Income, Alex Barker, founder of The Happy PharmD, joins Tim Ulbrich to discuss takeaways from the 2021 Pharmacists’s Salary Guide, including the current state of the job market, trends in salary and compensation, and contributors to job stress and dissatisfaction.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Liz in Pittsburgh, Pennsylvania: How do I figure out how much of my raise is actually money in my pocket versus money I would lose in taxes?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode sponsored by LendKey, Tony Umholtz, a Mortgage Manager for IberiaBank, joins Tim Ulbrich to discuss 10 common mortgage mistakes homebuyers make and steps you can take to avoid them.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Abby in Madison, Wisconsin: Should I pay off my student loans before saving for a house down payment?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, sponsored by Insuring Income, Nate Hedrick, the Real Estate RPh, joins Tim Ulbrich to discuss 7 ways to reduce your monthly housing costs.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Amy in Raleigh, North Carolina: Should I carry my own professional liability insurance or is my employer's coverage enough?
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On this episode sponsored by LendKey, Tim Baker, Co-Founder and Director of Financial Planning at Your Financial Pharmacist, joins Tim Ulbrich to talk about strategies for investing when you have maxed out your traditional retirement accounts.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Cindy in Albuquerque, New Mexico: Are there any tax implications for rolling over my old 403(b) accounts to a traditional IRA?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode, sponsored by Insuring Income, Scott Rieckens, author of Playing with FIRE, joins Tim Ulbrich to talk about his journey towards achieving FIRE. Scott digs into the ins and outs of the FIRE movement, why he and his wife decided to leave their friends and family in San Diego, how to calculate your early retirement number, and strategies for implementing your own FIRE plan.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jojo from the YFP Facebook Group: Should I open a 529 plan from another state with higher fees or one from my state that offers a tax deduction?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode sponsored by LendKey, Kelly Reddy-Heffner, YFP Lead Financial Planner, joins Tim Ulbrich to talk through how those with federal student loans should be maximizing their student loan repayment strategy during another extension of administrative student loan forbearance.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Madelyn from the YFP Facebook Group: I have several different types of retirement accounts from previous employers. What should I do with them?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this episode sponsored by Live Oak Bank, pharmacist and photographer Landen Conner shares how he turned his side hustle into his main gig, why and how he started his photography business, how he found his niche, and the mechanics of his business.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Heather from the YFP Facebook Group: Should I use money from my 401(k) to pay off student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Ulbrich talks through 10 financial moves to make in 2021. It’s time to turn the page on 2020 and start 2021 off the right way and that’s with an intentional plan.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Blake from the YFP Facebook Group: Can I refinance my student loans to a variable rate now and refinance to a fixed rate later if my interest rate increases?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Paul Eikenberg, YFP Director of Tax and CFO, joins Tim Ulbrich to talk about how to optimize your tax situation in 2021. Paul discusses the difference between tax planning and preparation, common tax planning mistakes he sees pharmacists making, and strategies pharmacists should consider employing to optimize their tax situation.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Warba, Minnesota: Should I buy life insurance for my child?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Amanda and Holden Graves join Tim Ulbrich to talk about their journey paying off $100,000 of student loans and other debt in just a few years. They share their strategies for aggressively repaying their debt, how they were able to effectively work together as a couple, and what lies ahead for them and their financial plan now that they are officially debt free.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Olathe, Kansas: Is my position protected if I've used all of my FMLA and submit a claim for long-term disability?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Young Park, new practitioner and real estate investor, joins Tim Ulbrich on this week's podcast episode, sponsored by APhA, to talk about his portfolio, why he likes real estate investing, how he got started, what has worked, what hasn’t worked, and why and how he invests in Kansas City while living in Hawaii.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Alex in Pleasanton, California: How can I determine if a potential employer qualifies for PSLF?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Baker, YFP co-founder and Director of Financial Planning, talks about his journey becoming a financial planner. He discusses why all financial planning is not created equal, how and why YFP Planning services differ from traditional firms, and the importance of fee-only, fiduciary, and comprehensive distinctions.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Frank in Bonita Springs, Florida: What happens if I contribute beyond the maximum annual limits to a 401(k) or IRA?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Allyson Brennan, founder and owner of Emogene & Co., a natural skincare company, joins Tim Ulbrich on the show. Allyson talks about her background in pharmacy, why and how she started Emogene & Co., how she has had success in such a short period of time, and what lies ahead as she prepares for growth in 2021 and beyond.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Sierra in Portland, Oregon: Should I contribute to both traditional and Roth retirement accounts?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Happy Thanksgiving from the team at Your Financial Pharmacist!
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Quynh-Tram in Carlsbad, California: What is a competitive equity stake or stock option to ask for at a start-up company?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Pharmacists Josh and Kara Soppe join Tim Ulbrich to share their journey of paying off $188,000 of student loan debt in 28 months. Josh and Kara dig into why they chose to aggressively tackle their student loans, their strategy for paying them off, how they created and implemented a budget, and their plans are now that their student loans are paid in full.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Brittany in Bardstown, Kentucky: What should I do with my old 401(k) accounts?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, the Real Estate RPH, joins Tim Ulbrich to recap the 5 lessons he learned from his first real estate investment flip. Nate digs into how he found the deal, how he ran the numbers, what went well and what didn’t and how he sees real estate investing fitting into his financial plan.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Caitlynn in Omaha, Nebraska: Can I switch between the PAYE and REPAYE plans to minimize interest accruing for non-PSLF forgiveness?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Joe Baker, author of the newly released book Baker’s Dirty Dozen: Principles for Financial Independence, joins Tim Ulbrich on the show. Joe talks about several of the principles outlined in the book, why he wrote the book and what he hopes the reader will glean from applying its principles.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Rachel in Central Point, Oregon: Can I contribute to a 401(k) from my former employer?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Stephanie Hale shares her journey applying for and receiving Public Service Loan Forgiveness (PSLF).
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Bonnie in Florida: How do I get started with a SIMPLE IRA?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Sarah Cummins, a PGY2 Emergency Medicine Pharmacy Resident, joins Tim Ulbrich to talk about specific strategies to make the residency application process more affordable.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Kristina in Dayton, Ohio: Will my parents be taxed for giving me money to pay down my student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Baker and Tim Ulbrich discuss how to best evaluate your employer benefits as you get ready to make selections during open enrollment.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Thanh in Durham, North Carolina: Should one still pursue a pharmacy career with the projected decline in the job market?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Ryan Chaw, pharmacist and real estate investor, joins Tim Ulbrich to talk about how he built a six-figure rental portfolio, red flags to look out for as an investor and the method he uses to find good tenants.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Garrett in Cincinnati, Ohio: Can I retroactively certify payments into PSLF?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Ulbrich gives his thoughts on the outlook of the pharmacy job market, what to make of the U.S. Bureau of Labor Statistics’ projection for a 3% decline in pharmacy jobs over the next 10 years, and how this impacts your financial situation and plan. Tim also shares 10 steps you can take now to hedge your financial plan against job loss or reduced hours.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Tiana in Portland, Oregon: Where can I find affordable health insurance if I don't qualify for it through an employer?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Austin Ulrich joins Tim Ulbrich to talk about how he and his family successfully navigated the financial transition from student pharmacist to resident to new practitioner. He discusses how they were able to become debt free while completing residency training, why and how he started a medical writing business, what it was like to finish residency and find a new job in the midst of a global pandemic and what they learned from their first home buying experience.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Karen in Coral Springs: If I've been under the wrong repayment plan, can I apply for Temporary Public Service Loan Forgiveness (TEPSLF)?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Robert Lopez, YFP’s Lead Financial Planner, joins Tim Ulbrich to talk about the ins and outs of car insurance. Robert digs into why it’s an important part of the financial plan, key terminology, how rates are calculated, the make-up of an auto insurance policy and common mistakes to avoid when purchasing car insurance.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Anthony in Houston, Texas: What is the best way to redistribute my stock portfolio to minimize tax implications?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tony Umholtz, a Mortgage Manager at IberiaBank, shares helpful tips for getting a mortgage and what you need to know when financing a home purchase or refinancing your home. Tony also breaks down the difference between pre-approvals and pre-qualifications, how interest rates are calculated, different types of home loans and everything you need to know about escrow accounts.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jake in Hamilton, Ohio: Should I use a Roth IRA or a Traditional IRA as a resident?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Blake Johnson and Zac Hendricks talk about how they joined forces to build a successful real estate portfolio and investment strategy. They talk about their individual roles when investing in properties, the make-up of their current portfolio, and why they chose to focus on real estate investing. Blake and Zac lay out all the secrets on how to analyze real estate deals and break down the numbers on two of their own investment properties.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Lindsay in Wisconsin: What are the pros and cons of using an escrow account?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
David Bright, a pharmacist, pharmacy educator and real estate investor talks about why he views real estate investing as an important part of his financial plan, how he got started in real estate investing, and key real estate investing terms and concepts.
Mentioned on the ShowTim Baker and Tim Ulbrich talk all things negotiation. They discuss what it is, where it can be used, why it’s important to your financial plan, the goals of negotiation and tips and strategies for different parts of the negotiation process.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Nicole from Philadelphia, Pennsylvania: Should I contribute to a Roth IRA during residency?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this week’s podcast episode sponsored by HPSO, Tim Church joins Tim Ulbrich to talk about the ins and outs of a Health Savings Account, how an HSA fits into a financial plan and why he is choosing not to use his HSA to pay for medical expenses.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Ansley in Cincinnati, Ohio: What do I do with the funds in my 401(k) after leaving a job?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Ulbrich and Tim Church debate the pros and cons of paying cash versus financing a car purchase.
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Book a Free Discovery Call With One of YFP’s CERTIFIED FINANCIAL PLANNERS™
Ask a YFP CFP® #30: What are my options for private short-term disability insurance?
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Robert Lopez, CFP®, takes this question from Christine: What are my options for private short-term disability insurance?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Ulbrich and Tim Baker talk about investing beyond the 401k or 403b and break down the traditional IRA, Roth IRA, HSA, SEP IRA and taxable/brokerage accounts and discuss their contribution limits, how to appropriately use them and the advantages and disadvantages of each.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Robert Lopez, CFP®, takes this question from Kaitlin in Columbus, Ohio: Do I make too much to contribute directly to a Roth IRA?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Ulbrich and Tim Baker, CFP® dig into credit, a not so exciting but incredibly important part of the financial plan. They talk about what makes up a credit score, the impact of good (or poor) credit, how to find and interpret your credit score, the difference between hard vs soft credit checks and how to protect your credit.
Mentioned on the ShowAsk a YFP CFP® #28: Why have interest rates gone up on my federal student loans?
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Christian in Arkansas: Why have interest rates gone up on my federal student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Cameron Huddleston, award winning journalist and author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances joins Tim Ulbrich to talk about five key financial lessons to teach your kids.
Mentioned on the ShowAsk a YFP CFP® #27: Should I continue contributing to my 401(k) if my employer is no longer offering a match?
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Erin in Virginia: Should I continue contributing to my 401(k) if my employer is no longer offering a match?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this week's episode, sponsored by HPSO, Nate Hedrick, The Real Estate RPH, interviews two pharmacists, Shelby Bennett and Bryce Platt, about their home buying experience. Shelby and Bryce recently worked with Nate via the YFP Real Estate Concierge Service to craft a plan and connect with a local preferred agent to buy their first homes.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Danielle in Newnan, Georgia: Which mortgage term is best?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Ulbrich shares his recent experience refinancing his primary residence. He talks through the numbers, how he determined the breakeven point, the rationale for refinancing and 5 lessons learned along the way.
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Ask a YFP CFP® #25: What do I do if my credit score dropped because of the automatic student loan forbearance?
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Minnesota: What do I do if my credit score dropped because of the automatic student loan forbearance?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Mike Corvino, clinical pharmacist and creator of CorConsult Rx, joins Tim Church on this week’s podcast episode to share his unique journey in pharmacy, how he built his side hustle, and how he’s persevered through challenges along the way.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Matt in Iowa: What is the best timing for contributions when doing a backdoor Roth IRA conversion?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tom Arasz, a YFP team member that leads the Script Your Budget service for YFP financial planning clients, joins Tim Ulbrich on this week's episode. Tom talks about why the budget is so important, tips and tricks for effective budgeting and the spending and saving trends he has observed during the past few months with the COVID-19 pandemic.
Mentioned on the ShowTim Church, YFP student loan guru, talks about all things student loan refinancing. Tim discusses what refinancing is, how it differs from consolidation, the benefits, the potential drawbacks, what to look for when choosing a company, and whether or not borrowers should refinance while the CARES Act is in place.
Mentioned on the ShowTim Baker talks through what professional liability insurance is, why it’s important, who needs it and what to look for when shopping for a policy.
Mentioned on the ShowTony Umholtz, a Mortgage Manager for IberiaBank, discusses the impact COVID-19 is having on the housing market, the current landscape for those purchasing or refinancing a home, and the role of the Professional Loan Program (aka the Doctor’s Loan).
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Eric in Hoffman Estates, Illinois: Is my brokerage account portfolio allocated appropriately?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Adam Minsky, an attorney devoted to helping student loan borrowers and a Senior Contributor to Forbes, joins Tim Ulbrich on today’s episode. Adam talks about the student loan proposals that do and do not have momentum including The HEROES Act recently passed by the House, and what you should expect going forward as it relates to your own student loan repayment plan. Mentioned on the Show
Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Brad in Detroit, Michigan: How do I consolidate retirement accounts?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Rena Crawford, a PGY2 resident living in San Diego, California, joins Tim Ulbrich on the show. Rena took matters into her own hands after realizing how high the cost of living is in San Diego, especially on a resident's salary, and came up with a creative solution: to buy and renovate an old van for $7,000 and live in it. Rena dives into the details of living in a van, her dreams of attaining financial freedom, and the lessons she’s learned along the way.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from an anonymous YFP community member: What options do I have to access 401(k) funds if my spouse gets laid off or my hours get cut?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Nick Hagemeier joins Tim Ulbrich to talk about an article he and his colleagues published in the American Journal of Pharmaceutical Education titled Student Pharmacists’ Personal Finance Perceptions, Projected Indebtedness Upon Graduation, and Career Decision Making. They discuss the history of student loan debt in pharmacy education, Nick’s experience teaching personal finance to pharmacy students and why today’s graduates, more than ever, should be equipped with the knowledge and tools necessary to manage the pressures associated with large student loan debts.
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Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Beth in Sioux Falls, South Dakota: What is a federal income tax holiday and what considerations should pharmacists make if the HEROES Act passes?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Church talks about the release of his new book, The Pharmacist's Guide to Conquering Student Loans: How to Confidently Choose the Best Payoff Strategy That Saves You the Most Money.
This book is available for a special preorder until May 7 which includes exclusive bonuses like free shipping, discounted pricing and a free Conquer Loans t-shirt (with certain packages).
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Maliha in Dublin, California: Should I use a home equity loan to pay off my student loans?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim and Andria Church join Tim Ulbrich to talk about their journey paying off $400,000 of debt in 5 years. They share their motivation behind such an aggressive repayment strategy, how they paid it all off and their plans now that they are debt free.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Calvin: Should I pay on my federal loans while my payments are suspended due to the CARES Act?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Jenny and Myke White join Tim Ulbrich to share their journey into real estate investing. They talk about why they feel like real estate investing is a good fit for them, how they got financially ready to purchase their first property, the good and the bad of owning an investment property and future goals they have for building their portfolio.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Kristin in Fort Smith, Arkansas: What investment options are available if I don't have a 401(k) option with my employer?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Phillip Beach, Director of Pharmacy at Arkansas Continued Care, talks about his career journey, his path toward financial independence, and the start of the Harper Faith Foundation, a 501(c)3 non-profit that was founded in memory of his daughter Harper Faith Beach who was born with hypoplastic left heart syndrome (HLHS).
Mentioned on the ShowThings are changing on a daily basis secondary to COVID-19. In these unprecedented times, there are a lot of financial concerns people are likely having. On this episode sponsored by APhA, Tim Baker, CFP® answers questions about investing, the uncertainty of work and student loans.
Mentioned on the ShowOn this bonus episode, Tim Ulbrich and Robert Lopez, CFP® dig into the stimulus bill which was passed by the Senate on March 25. Although it's not a done deal yet, Robert and Tim discuss how six months of not paying on direct federal student loans could affect your financial game plan and what you need to know about the stimulus checks.
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Samm Anderegg is on a mission to fix healthcare through his company DocStation. DocStation a software platform for healthcare teams, enabling pharmacists to provide value-based care to patients. Samm talks about his shift from a traditional career path to starting his own company and how his work with DocStation aligns with his vision for the future of pharmacy practice.
Mentioned on the ShowLevi Ellison, PharmD, shares how he and his wife paid off $214,594.55 of student loans over 17 months. Levi talks about the motivations behind such an aggressive repayment strategy, how they were able to do it and what they hope to accomplish now that they are debt free.
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Stephanie Roberts, PharmD joins Tim Church to share how she went from full-time pharmacist to full-time mixed media artist after an Instagram influencer shared her pill petri art and made it go viral.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Sarah in Milton, West Virginia: What should I do with the extra money I have each month after paying off a home loan?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Adam Martin joins Tim Ulbrich on the show to discuss his most recent book ‘Gen-Z Pharmacist: Dominate Pharmacy School & Script Your Dream Career’.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Maria: What advice do you have for first-generation college students who want to build wealth but also have families that depend on them to contribute financially?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Steven Chung, tax attorney, joins Tim Ulbrich to discuss about a recent article he published titled ‘Student Loans Can Be the Homewrecker in A Marriage.’ Steven also talks about tax considerations as it relates to couples and why it’s so important to communicate this information.
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Ask a YFP CFP® #14: How much should I withhold from my paycheck?
Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from James in Atlanta, Georgia: How much should I withhold from my paycheck?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Ryan Chaw, clinical pharmacist and real estate investor, joins Tim Ulbrich on the show. They talk about how Ryan was able to accelerate his financial goals through real estate investing and how he went from zero rentals and zero rental income to $10,755 per month from 18 tenants in four years.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Brandon in Bountiful, Utah: When should I hire a CPA or EA to file my taxes?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Nate Hedrick, the Real Estate RPh, joins Tim Ulbrich to talk about all things mortgage refinancing. They talk about what it is, how to qualify, the costs associated with refinancing a mortgage, how to determine the break even point and how Nate recently evaluated his own mortgage refinance.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrea in Olathe, Kansas: What should I do after my term life insurance policy ends?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tim Baker, our own fee-only CERTIFIED FINANCIAL PLANNER™, joins Tim Ulbrich to talk about key retirement and tax numbers for 2020 and the SECURE Act.
Mentioned on the ShowDiana Isaacs joins Tim Church on this side hustle edition to talk about her journey in becoming an expert in diabetes and how she has been able to monetize her clinical expertise through speaking engagements, advisory boards, consulting projects and CE articles.
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Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Ryan in Johnson City, Tennessee: How do I calculate my take home pay when contributing to retirement funds?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Tony Umholtz, a Mortgage Branch Manager for IberiaBank, joins Tim Ulbrich on the show. They discuss the considerations for financing a home purchase, the biggest mistakes people make when applying for lending, and a variety of lending options available to pharmacists including the Professional Loan Program (aka Doctor’s Loan).
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Ask a YFP CFP® #10: How do I cope with the financial pressures of student loan debt while looking for a job?
Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Emily: How do I cope with the financial pressures of student loan debt while looking for a job?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Jessica Louie shares about her journey being trained as a critical care pharmacist, how she quickly found herself burned out, how the KonMari method helped her and how she applied the KonMari method to her financial plan on this week's podcast. These small intentional daily steps led to big changes in her financial plan including being completely debt free and having over 6 figures in savings.
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Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Amanda in Ashtabula, Ohio: What percentage do I need for a down payment on a rental property?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Cory & Cassie Jenks join Tim Ulbrich to share their specific path and plan towards achieving financial independence through a modified Coast FI approach. They talk about why and how they have aggressively saved for retirement early in their careers, how they have worked together to achieve their goals, and how Cory’s side hustle doing improv comedy has helped their financial plan all while filling a bucket of doing something he loves.
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On the first episode of the New Year, Tim Ulbrich talks about 5 ways you can accelerate your financial plan in 2020. This episode is full of resources you can use to put these ideas into action.
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Happy Holidays from the YFP team! As we near the end of 2019, it’s important to celebrate the wins, big or small, that we’ve had over the past year. Take a listen to several YFP community members sharing their 2019 financial wins on this week’s episode.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Kathryn in Fort Wayne, Indiana: What is the utility of financial apps such as ChangEd?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Eric Christianson joins Tim Church to talk about his business, Med Ed 101. Eric discusses his why behind beginning his side hustle, how it allowed him to drop down to part-time from his traditional pharmacist role and how it helped him accelerate his financial goals.
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Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Raul in Texas: What are the pros and cons of paying student loans back faster than 10 years?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Craig Curelop is the author of The House Hacking Strategy and is a real estate agent, investor, and employee of BiggerPockets. Craig talks all things house hacking including what it is, how he got started with house hacking and why he claims it is the single most powerful way to build wealth.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Michael in Columbus, Ohio: How can I solve the issues I'm having with FedLoan Servicing?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Aaron Howell, a real estate investor, real estate agent and ambulatory pharmacist at University of Virginia Health Systems joins Tim Ulbrich on this week’s episode. Aaron talks about his journey from accidentally falling into his first investment property when trying to sell his condo to how he built his current portfolio that includes 29 units in 3 different cities across the country. Aaron’s real estate investing and the cash flow it provides has put him in a position to choose how he spends his time.
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Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Brandon in Portland, Maine: What are the pros and cons of direct real estate investing and REITs?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
On this special Thanksgiving episode, Tim Ulbrich welcomes Melissa Akacha, a pharmacist that helped rally her community to bring another pharmacist out of homelessness. This is a story of generosity, of being aware of your surroundings, and extending a helping hand to those that encounter misfortunes that could happen to any one of us.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Lu in Baltimore, Maryland: Where can I find reputable options with lower interest rates for graduate school loans outside of federal financial aid?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Michelle Cooper, author of I’ve Still Got Me: A Widow’s Journey to Love, Happiness & Financial Independence, Director and Co-Founder of XML-W, a division of XML Financial Group, and former practicing attorney, joins Tim Ulbrich on this week’s podcast episode. Michelle shares her personal story and unique perspective on finances and law to inspire hope for those experiencing loss and provides sound financial principles for those seeking financial independence.
Mentioned on the ShowWelcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Lily in Tuscon, Arizona: What's the best way to apply the funds I receive from the IHS loan repayment program?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Brittany Hoffmann-Eubanks, Founder and CEO of Banner Medical, joins Tim Church to share her side hustle journey in creating a company that’s on track to hit over $100,000 in revenue and what she did to get to this point.
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Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Tessa in Stevens Point, Wisconsin: If I refinance my federal student loans and a Democratic President is elected who wants to forgive all student debt, would those loans still be eligible for forgiveness?
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Joey Mattingly, a faculty member at The University of Maryland School of Pharmacy, talks to Tim Ulbrich about a recent article published in the American Journal of Pharmaceutical Education titled Before we talk about student debt cancelation, can we talk about the interest rates? They cover the basics of loan terminology, discuss why lower interest rates would have such a significant impact on student indebtedness and discuss the reasons why lowering interest rates may be a better option than loan cancellation or forgiveness.
Mentioned on the ShowWelcome to the inaugural episode of Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes a question from Andrea in Kansas regarding refinancing her student loans with a cosigner.
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Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.
Dr. Daniel Crosby, New York Times best selling author, joins Tim Ulbrich to discuss his most recent work, The Behavioral Investor. As both a psychologist and asset manager, Dr. Crosby provides a fascinating look into the sociological, neurological and psychological factors that influence our investment decisions and provides solutions for how to improve our behavior to be more likely to succeed with our long-term investing plan.
Mentioned on the ShowDustin & Melody Hartzler talk about their healthcare side hustles, how these ventures have accelerated their financial goals, how they balance and prioritize their time, and how they work together as a couple when it comes to business and managing their personal finances.
Mentioned on the ShowDr. Todd Sorensen, President of the American Association of Colleges of Pharmacy (AACP) and Associate Dean for Strategic Initiatives & Innovation at the University of Minnesota joins Tim Ulbrich on today’s episode. They talk through the workforce challenges facing the profession of pharmacy, rising indebtedness, the change.org petition, and Todd’s vision for the future of the practice of pharmacy including dramatically expanding the number of pharmacists working alongside primary care providers.
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Tim Church interviews Dr. Hillary Blackburn about how she’s monetizing her personal residence as an Airbnb host. Hillary has been able to earn thousands of dollars each year making this side hustle another consistent income stream for her and her husband.
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Tim Ulbrich talks through 5 ways to finish 2019 strong. These 5 strategies will help you enter the New Year with a sense of momentum and accomplishment, setting yourself up for an awesome 2020.
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Christina Slavonik, CFP® at Your Financial Pharmacist, joins Tim Ulbrich for a new installment of the YFP podcast, Ask a YFP CFP®. Christina answers financial questions from the Your Financial Pharmacist community covering topics such as student loans, investing and the inverted yield curve.
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On this week’s podcast episode, Tim Ulbrich takes you through an exercise to envision what you would do with an extra $1,000 a month and what steps you could take to make it a reality.
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Blair Thielemier, PharmD, founder of BT Pharmacy Consulting and creator of the Pharmapreneur Academy, joins Tim Ulbrich on this week’s podcast episode. Blair shares about how she unexpectedly lost her full-time job as a clinical hospital pharmacist when she was 6 months pregnant, how she dove into entrepreneurship with MTM consulting, and her three bold predictions for the future of pharmacy practice.
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Best-selling author David Burkus joins Tim Ulbrich to talk about the science of networking and how the advice we have been given on how to effectively network needs to be seriously reconsidered and likely thrown out the window. David and Tim talk about his book Friend of a Friend and what the research has to say about a surprisingly simple approach to understanding your hidden networks and how that can transform your life and career.
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On this week’s episode, Tim Ulbrich and Tim Baker talk through financial considerations for those that find themselves in a financial hardship due to job loss, hours being cut or wages being reduced. With the recent news of some big box pharmacies planning to close stores and cut their workforce and many other employers cutting back hours for full-time pharmacy employees, this conversation of how to navigate a current hardship or be ready to weather a future storm is more important than ever.
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On this episode, Tim Ulbrich and Richard Waithe, the creator of RxRadio, talk through the student loan forgiveness plans proposed by Senators Bernie Sanders and Elizabeth Warren, two of the 2020 presidential candidates. Tim and Richard discuss the details of who would and would not receive forgiveness under these plans and how they would be funded if enacted. They also discuss current loan forgiveness plans that are already in place and options that are available for those that need to delay loan payments due to a financial hardship such as a job loss or reduction in hours.
This episode originally aired in July 2019 on the RxRadio Podcast. You can learn more about RxRadio by visiting rxradio.fm.
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On this week’s episode, Tim Ulbrich welcomes Nate Hedrick, The Real Estate RPh back to the show to talk about the value of homeownership. Tim and Nate discuss whether or not the American dream of owning a home is for everyone, the true costs of home ownership, when to consider renting vs. buying and tips for knowing when might be the right time to purchase a home.
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Dr. Brent Rollins, a pharmacy graduate of Ohio Northern who obtained his PhD in Pharmacy Administration at the University of Georgia and currently serves as a faculty member at Philadelphia College of Osteopathic Medicine, joins Tim Ulbrich on the show. They discuss Brent’s personal finance journey, why he cares so much about the importance of educating students on this topic, his unique side hustles in serving as an expert witness and covering professional football, and how he is teaching his 3 kids about personal finance.
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Jared Wonders joins Tim Ulbrich on this week’s episode. Jared is a 2012 graduate of the University of Findlay and currently works for the VA remotely doing home health care. Jared and Tim talk about how he and his wife, Jess, aggressively paid off their debt within a few years, how they got started in real estate investing, and how and why they are on the path toward FIRE (financial independence, retire early).
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Betsy and Casey Hoida join Tim Ulbrich to talk about their journey paying off $150,000 of student loan debt, why and how Betsy left her secure pharmacy job after completing residency and getting board certification and how they managed to work together to get on the same page financially despite some highs and lows along the way.
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Suze Orman, a #1 New York Times bestselling author on personal finance with over 25 million books in circulation, joins Tim Ulbrich on today’s episode. They talk about her most recent book Women & Money: Be Strong. Be Smart. Be Secure and the advice Suze has for pharmacy professionals feeling overwhelmed with their student loan debt and managing their financial plan.
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Cameron Huddleston, an award winning journalist with more than 15 years experience writing about personal finance, joins Tim Ulbrich on this week’s show. Cameron and Tim talk about her recently released book Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. Cameron discusses why it is important to have these conversations with your parents, how to start the conversation and what to do if your parents are reluctant to talk.
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Christina Slavonik, CFP® and YFP Team Member, joins Tim Baker to discuss the student loan grace period and why it’s not that gracious. They break down the differences between the grace period, forbearance and deferment and talk through scenarios you can consider when determining your student loan payoff strategy.
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John Kohli, PharmD, joins Tim Ulbrich to talk about his career journey, how he managed to rack up approximately $260,000 of debt despite graduating from pharmacy school with minimal student loan debt, what motivated him to get his financial house in order, and how he hustled to pay off most of this debt within a 2 year period.
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Jamie Leigh Tipton, a new practitioner from North Carolina and owner of Tipton Compounding Pharmacy, shares her journey of starting her own business and the importance of building a strong financial foundation to be able to do so. Jamie Leigh’s mom, Janet, also joins the show to talk about her involvement in the family business, how she helped Jamie Leigh graduate debt free and why she has encouraged Jamie Leigh to start her own business.
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Jason Long joins Tim Ulbrich to share how he retired from his retail pharmacy job at the age of 38. Jason dives into what the FIRE methodology is and how he and his wife saved for early retirement.
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Montrell Taylor, a P3 student at Howard University, joins Tim Ulbrich to talk about his experience in wholesaling real estate. Montrell shares why he chose real estate investing as a side hustle and how he balances being an entrepreneur with pharmacy school.
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Dr. Suzanne Soliman, Founder of the Pharmacist Moms Group, joins Tim Ulbrich to dive deep into her motivativation for launching the group, resources the group offers, where this movement is heading and how she carves out time for her business.
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Dr. Hillary Blackburn joins Tim Church on this week’s episode to talk about her unique pharmacy career at Dispensary of Hope, her side hustles, and how she started the Talk to Your Pharmacist Podcast.
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Tim, Tim and Tim celebrate 100 episodes of the Your Financial Pharmacist podcast by reminiscing about their favorites, talking about the future of the podcast, and hearing updates from several guests and pharmacy entrepreneurs that were previous guests on the podcast.
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Tim, Tim and Tim discuss several key financial moves new pharmacy graduates should make.
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Tim Baker, Tim Church and Tim Ulbrich talk through avoiding lifestyle creep, a simple but powerful philosophy for achieving wealth.
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Richard Waithe, PharmD, joins Tim Church to take a deep dive into discussing his unique career path, his non-traditional pharmacist role and how he’s helping improve patient adherence and health literacy, and some of his side hustles to create multiple streams of income.
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On this episode, Christina Slavonik, CERTIFIED FINANCIAL PLANNER™ and the newest member of the YFP family, joins Tim Baker on the show. Tim and Christina break down how to do a backdoor Roth IRA conversion, a move that most pharmacists should consider making.
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Dr. Ashlee Klevens Hayes, founder of RxAshlee and creator of the Rx Buzz Podcast, joins Tim Ulbrich to talk about her career journey and passion for supporting high-level professionals in creating, launching and landing their dream jobs.
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On this debt free theme hour, Tim Ulbrich welcomes Matt & Amy Farley who paid off $207,000 in just under 4 years. They talk about what motivated their journey, how they were able to work together and what’s next now that they are debt free.
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Tim and Tim interview several APhA conference attendees on the floor of the exhibit hall about their personal finance journey and the highlights of this year’s annual meeting.
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On this episode of the Your Financial Pharmacist podcast, Tim Church welcomes Alex Barker back to the show to share some of the highlights of his recent career transition out of pharmacy practice, some tips for pharmacists who are struggling in their careers, and the release of his new book Indispensable: The Prescription for a Fulfilling Pharmacy Career.
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On this episode of the Your Financial Pharmacist Podcast, Tim Church interviews Dr. Adam Martin of The Fit Pharmacist about becoming an entrepreneur for another edition of the side hustle series. Adam has been practicing as a pharmacist in the community practice setting for over 7 years in addition to being a certified personal trainer, licensed nutrition consultant, author, speaker, and competitive natural bodybuilder.
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On this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich is joined by Tim Church, resident YFP refinance expert and student loan ninja. In addition to a quick recap of the refinancing process, the benefits of refinancing, how to calculate your savings and what to look for in a refinance offer, Tim and Tim give you an update on a new refinance offer available that may save you big.
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On this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich, Co-founder of Your Financial Pharmacist, interviews Dr. Blair Thielemier, founder of BT Pharmacy Consulting, creator of the Pharmapreneur Academy and the Elevate Pharmacy Summit and author of the Amazon bestselling book How to Build a Pharmacy Consulting Business. Tim and Blair talk through Blair’s journey from losing her job as a clinical hospital pharmacist to building a successful online business that provides pharmacists with efficient systems to managing a sustainable model for clinical services to improving patient outcomes and achieving the highest standards in the practice of pharmacy. They discuss what makes her tick as an entrepreneur, what changes she is seeing in the profession of pharmacy and how having your personal financial house in order is integral to having a successful business.
Mentioned on the Show
On this episode of the Your Financial Pharmacist Podcast, YFP Co-founders Tim Ulbrich and Tim Baker announce some exciting news as it relates to the launch of YFP Planning, talk through the benefits of financial planning and reminisce on the origins of Your Financial Pharmacist.
Mentioned on the Show
On this episode of the Your Financial Pharmacist podcast, Tim Ulbrich interviews Travis Hornsby, founder of Student Loan Planner, about his journey starting the Student Loan Planner, the most common mistakes he sees pharmacists making with their student loans, the pros and cons of student loan refinancing, what legislative changes he anticipates will happen and the one step you can take today if you are feeling overwhelmed with where to go next with your student loans.
Mentioned on the Show
On this episode of the Your Financial Pharmacist podcast, Tim Church, YFP team member, interviews Dr. Jessica Louie about how to spark joy as an entrepreneur. Jessica is a Board-Certified Critical Care Pharmacist and Assistant Professor of Pharmacy Practice. She is also a multi-passionate entrepreneur with 3 small businesses. Jessica is the CEO of Clarify Simplify Align, High Performance Life Coach, Professional Organizer and Certified KonMari Consultant.
Mentioned on the Show:
On this episode of the Your Financial Pharmacist podcast, Tim Ulbrich, YFP Co-founder, interviews Dr. Patrick Yoder, Co-founder and CEO of LogicStream Health. Tim asks Patrick about the entrepreneurial journey he took from getting his PharmD from the University of Iowa to starting as a clinical pharmacist at Lake Regional Health-System to serving as the Director then VP of Clinical Development and Informatics at Wolters Kluwer to being the Co-Founder and CEO of LogicStream Health since 2013.
Mentioned on the Show
On this episode of the Your Financial Pharmacist podcast, Tim Church, YFP team member, interviews Brandon Dyson, co-founder of TL;DR Pharmacy, for another edition for the side hustle series. TL;DR Pharmacy is a website that simplifies dense clinical topics and provides resources to help student pharmacists, residents, and new practitioners.
Mentioned on the Show
On this episode of the Your Financial Pharmacist podcast, Tim Church leads another edition of the Side Hustle Series where he talks about ways you can create additional streams of income to reach your financial goals faster. This episode features Dr. TJ Allan, a pharmacist and entrepreneur who owns three gyms and is now teaching others how to open their own gym.
Mentioned on the Show
On episode 82 of the Your Financial Pharmacist Podcast, Tim Ulbrich, co-founder of YFP, welcomes Joe Baker and Blake Johnson to the show. They talk about Blake’s journey paying off $150,000 in student loans in three and a half years and how the class he took at the University of Arkansas, taught by Joe Baker, helped prepare him to be on his way to achieving financial freedom.
Joe Baker's Dirty Dozen Tips on Getting RichMentioned on the Show
The Money Care Specialists Podcast takes financial health assessments to the next level bringing healthcare practitioners bite-sized, real-life, and on-air financial cases that might very well be their own.
On episode 81 of the Your Financial Pharmacist Podcast, Tim Ulbrich, YFP co-Founder, and Tim Baker, YFP team member and CFP, kick off 2019 by talking about a New Year financial game plan. Tim and Tim discuss 5 financial moves you should be making to ensure you get this year started off the right way.
Mentioned on the Show
On episode 80 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Co-Founder of YFP, and Tim Baker, YFP Team Member and CFP, hit replay from one of their favorite episodes in 2017 to talk through 10 financial moves they think you should make before or after the new year.
On episode 079, Tim Ulbrich, co-founder of Your Financial Pharmacist, interviews Dr. Nick Ornella, a 2009 graduate of Ohio Northern University, about his journey paying off his student loans in 10 months and shortly after taking one year off to travel the world. Tim and Nick talk about redefining the concept of retirement and why the concept of mini-retirements are gaining traction. They finish the show up by getting practical with 7 steps you can take to plan for a year off.
Mentioned on the Show
On episode 78 of the Your Financial Pharmacist podcast, Tim Ulbrich, YFP co-founder, and Tim Baker, YFP Team Member and CFP, give an update on the Public Service Loan Forgiveness (PSLF) Program and discuss whether or not this program is still a viable option for pharmacists considering the recent data published showing 99% of applicants for PSLF were denied.
Mentioned on the Show
On Episode 77 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of Your Financial Pharmacist, interviews Dr. Michael Murphy, a 2018 PharmD graduate of THE Ohio State University College of Pharmacy and current PGY1 pharmacy practice resident in ambulatory care at Ohio State. Dr. Murphy served as the APhA-ASP National President from 2017-2018. In this episode, Dr. Murphy and Tim talk about his financial transition from student to resident, what he wishes he would have known financially during pharmacy school and how being involved in professional organizations has put him on the fast track to a successful career.
Mentioned on the Show
On episode 76 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of Your Financial Pharmacist, and Tim Baker, YFP Team Member and owner of Script Financial, wrap up a month-long series focused on investing by fielding questions posed by, YOU, the YFP Community.
Mentioned on the Show
On episode 75 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of YFP, and Tim Baker, YFP team member and owner of Script Financial, continue YFP’s month-long series on investing by talking about the pros and cons of a DIY approach to investing compared to utilizing a robo advisor or hiring a financial planner.
Mentioned on the Show
On Episode 74 of the Your Financial Pharmacist podcast, Tim Church, Your Financial Pharmacist Team Member, and Tim Baker, owner of Script Financial and YFP Team Member, discuss how to evaluate your 401k plan and understand some of the fees associated with it.
Mentioned on the Show
On Episode 73 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of Your Financial Pharmacist, and Tim Church, YFP Team Member, continue a month long series on investing by talking through the various retirement/investing options available, key principles for retirement savings, and how to prioritize where you put your money.
Mentioned on the Show
On Episode 72 of the Your Financial Pharmacist Podcast, Tim Church, YFP Team Member, and Tim Baker, YFP Team Member and Founder of Script Financial, discuss how behavioral bias can impact investing decisions and why they are so important to have on your radar.
Mentioned on the Show
On Episode 71 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of YFP, and Tim Baker, YFP Team Member and Founder of Script Financial, tackle 10 listener questions that were posed in the YFP Facebook Group covering a wide array of topics like investing, student loans, taxes, and more.
Mentioned on the Show
On Episode 70 of the Your Financial Pharmacist Podcast, Tim Baker, YFP Team Member and owner of Script Financial, talks with special guest Paul Eikenberg. Paul works alongside Tim at Script Financial and handles all of the tax planning and preparation for Script clients. On this episode, they discuss the new changes to the tax code and what you can do to prepare for tax season.
Mentioned on the Show
On Episode 069 of the Your Financial Pharmacist Podcast, Tim Church, YFP Team Member, hosts another edition of the Side Hustle Series featuring an interview with Dr. Crissy Mahl, a pharmacist and entrepreneur from Yuma, Arizona. Crissy talks about her pharmacy career path and how she became interested in entrepreneurship. She started working for Rodan and Fields and has created a significant side income.
Mentioned on the Show
On Episode 068 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of Your Financial Pharmacist, and Tim Baker, YFP Team Member and owner of Script Financial, discuss the pros and cons of Dave Ramsey’s 7 Baby Steps and how they apply to the pharmacy professional.
Mentioned on the Show
On Episode 067 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of Your Financial Pharmacist, is joined by Nate Hedrick, The Real Estate RPh, to wrap up the month long series on home buying by taking questions from the YFP Community in a rapid fire Q&A format.
Mentioned on the Show
On Episode 066 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of Your Financial Pharmacist, talks through 10 home buying lessons that he learned over the past few months as his family makes the move from Northeast Ohio to Columbus. He shares the good, the bad, and the ugly and hopes these lessons learned will help you in your home buying journey.
Mentioned on the Show
On Episode 065 of the Your Financial Pharmacist Podcast, Tim Ulbrich is joined by Nate Hedrick, the Real Estate RPh, to continue a two part series covering the 6 steps every pharmacist should consider during the home buying process.
Mentioned on the Show
On Episode 064 of the Your Financial Pharmacist Podcast, Tim Ulbrich, founder of Your Financial Pharmacist, is joined by Nate Hedrick, the Real Estate RPh, as they kick off a two part series covering the 6 steps every pharmacist should consider during the home buying process.
Mentioned on the Show
On this Bonus Episode of the Your Financial Pharmacist Podcast, Tim Ulbrich, founder of Your Financial Pharmacist, interviews Matt and Nikki Javit from Passport Joy about their journey of walking away from their successful careers to travel the world full-time. Matt and Nikki talk about what inspired their journey, how they are managing to do this financially and travel tips and hacks they have learned along the way.
Mentioned on the Show
On Episode 063 of the Your Financial Pharmacist Podcast, Tim Church, YFP Team Member, introduces a new segment called the Side Hustle Series to talk about ways pharmacists can create additional streams of income to reach financial goals faster and to highlight pharmacists who are doing this to help you get inspired. In previous episodes, topics about how to budget, limit and cut expenses, and being frugal have been talked about, but what hasn’t been discussed as much is increasing or maximizing income. As you may know, there is incredible buzz and interest around the topic of a side hustle for pharmacists and many have a side hustle to earn extra income and pursue other interests and passions.
Mentioned on the Show
On Episode 062 of the Your Financial Pharmacist Podcast, Tim Baker, owner of Script Financial and YFP Team Member, and Tim Church, YFP Team Member, talk about the ‘other’ forgiveness through the federal loan system. Many borrowers aren’t aware that this program exists, so Tim and Tim spend this episode shining a light on the details of the program and who should consider it.
Mentioned on the Show
On Episode 061 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of YFP, is joined by YFP team members Tim Church & Tim Baker to field insurance questions posed by the YFP community via the YFP Facebook Group in a rapid fire format. Whether it’s life, disability or liability insurance, having the right amount, not too much and not too little of insurance protection is essential to your financial plan.
Mentioned on the Show
On Episode 60 of Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of Your Financial Pharmacist, interviews Brianne Porter, a new practitioner and faculty member at The Ohio State University College of Pharmacy, all about her journey of going into more than $220,000 of student loan debt, the plan she has put together to pay off this debt and the lessons she has learned along the way.
About Today’s Guest
Brianne Porter, PharmD, MS is Assistant Professor of Pharmacy Practice at The Ohio State University College of Pharmacy. She is primarily responsible for co-coordinating and teaching in Integrated Pharmacotherapy 1 and 2. Her research interests include community practice advancement and the scholarship of teaching and learning. In addition to her position with the college, she moonlights with a local independent pharmacy to bring those skills and experiences to the classroom. Brianne is actively engaged in APhA, serving as the Chair of the NPN Education Standing Committee, AACP, and OPA. She is passionate about community pharmacy practice and about getting students excited about and prepared for upcoming changes in community pharmacy practice.
Mentioned on the Show
On Episode 59 of Your Financial Pharmacist Podcast, Tim Baker, founder of Script Financial and YFP Team Member, interviews Adam and Brittany Patterson. On Episode 31, Adam detailed how they paid off $211,000 of student loan debt in 26 months. Adam and Brittany are 2015 graduates from Auburn University Harrison School of Pharmacy. Brittany is a pharmacist at Children's Healthcare of Atlanta. Adam is a pharmacist at Northeast Georgia Medical Center and Assistant Pharmacy Manager at Publix Pharmacy.
Mentioned on the Show
On Episode 58 of the Your Financial Pharmacist Podcast, YFP Founder Tim Ulbrich interviews pharmacy thought leader Deeb Eid, host of the Pharmacy Universe podcast, about how rising student debt loads and a tightening job market are impacting the return on investment of the pharmacy degree.
Deeb Eid, PharmD started his pharmacy journey as a pharmacy technician learning the building blocks of what both efficient and non-efficient workflow operations could look like. He gained a deep appreciation for the role and potential of the pharmacy technician and continued forward with Bachelors and Doctor of Pharmacy degrees from The University of Toledo College of Pharmacy & Pharmaceutical Sciences in Ohio. His talents took him to Washington D.C. to become the inaugural Executive Resident in Association Management & Leadership at the Pharmacy Technician Certification Board. While traveling the country, he was able to present, meet with, and discuss the challenging and evolving atmosphere within pharmacy with a variety of stakeholders. He now serves as an Assistant Professor and Experiential Coordinator at Ferris State College of Pharmacy in Grand Rapids, MI working to mentor and inspire students while creating new avenues and opportunities. Deeb is the Founder and Content Strategist of Pharmacy Universe which is a social platform whose vision is to socially educate and engage the world about #Pharmacy.
Mentioned on the Show
On Episode 057 of the Your Financial Pharmacist Podcast, Tim Ulbrich gets practical to talk about why automation matters when it comes to achieving your financial goals and specific ways you can automate your own financial plan. We will hear from the YFP Community about different ways that they automate their financial plan.
Mentioned on the Show
On Episode 056 of the Your Financial Pharmacist Podcast, I put Tim Church and Tim Baker on the spot with your student loan questions in a rapid fire format. If you are looking to get started with a game plan to tackle your own student loans, check out our free Student Loan Quick Start Guide at yourfinancialpharmacist.com/studentloanguide...again that’s yourfinancialpharmacist.com/studentloanguide
Mentioned on the Show
On Episode 055 of the Your Financial Pharmacist Podcast, Tim Baker and I talk about the variety of ways in which financial planners get paid and why you should care about how a financial planner charges (Hint: It can impact the quality of the advice that you are getting).
Mentioned on the Show
On Episode 054 of the Your Financial Pharmacist Podcast, Tim Ulbrich, PharmD interviews YFP team member, owner of Script Financial and fee-only Certified Financial Planner, Tim Baker about why he left his old financial planning firm in 2016 to start Script Financial. Script Financial is a financial planning firm dedicated to helping pharmacists meet their financial goals. Tim & Tim talk through why fee-only financial planning matters and why a revolution of fee-only planning is happening today. Head on over to http://yourfinancialpharmacist.com/financial-planner to get information on what to look for in a financial planner, to download the free guide ‘Nuts & Bolts to Hiring a Financial Planner’ and to learn more about the financial planning services offered by Script Financial.
Mentioned on the Show
On Episode 053 of the Your Financial Pharmacist Podcast, YFP team member Tim Ulbrich interviews Dr. Tony Guerra, an author, podcaster, entrepreneur, real-estate investor, educator and father to triplet girls that has an incredible story to share going from financial ignorance to financial independence. Tony talks about his financial journey, his various business ventures, and how and when his mindset shifted that allowed him to be on the path to financial independence.
About Our Guest
Tony Guerra graduated with a Doctorate of Pharmacy from the University of Maryland in 1997 and has followed a non-traditional career path to best suit his needs and interests. Tony has taken on the roles of pharmacist, homeowner, professor, real estate agent, author, mentor, podcast host, husband, and father of triplet girls while continually striving for financial independence. Through motivation and creative entrepreneurial thinking, Tony has created a lifestyle that allows him to focus on his family and his passions.
You can learn more about Tony and his work at http://MemorizingPharmacology.com
Mentioned on the Show
On Episode 52 of the Your Financial Pharmacist Podcast, YFP Team Member Tim Ulbrich walks through 5 steps that you should take to crush your student loans. More specifically, these 5 steps will help you begin to develop a payoff strategy and plan that is best for your personal situation. This episode is filled with lots of action steps that have been summarized in the YFP Student Loan Quick Start Guide that is available to download for free at http://www.yourfinancialpharmacist.com/studentloanguide
Mentioned On The Show
On Episode 51 of the Your Financial Pharmacist Podcast, YFP Team Member Tim Baker, CFP talks the 8 things to do or avoid to evade financial purgatory after graduating from pharmacy school.
Mentioned On The Show
In celebration of the 50th episode of the Your Financial Pharmacist Podcast, we have a special Debt Free Theme Hour for you where we interview Jill & Sylvain Paslier about their journey paying off $197,000 of student loan debt in 28 months. They share how they practically accomplished this goal, their strategy for working together to knock out this debt and what is next up for their financial future now that they are debt free!
Mentioned on the Show
On this Ask Tim & Tim episode of the Your Financial Pharmacist Podcast, we take a listener question from Michael in Columbus, OH that has stimulated lots of conversation and debate in the YFP Facebook Group…’should I pay off my house early or would I be better off refinancing, extending the term and investing the difference?’
If you have a question you would like to have featured on the show, shoot us an email at info@yourfinancialpharmacist.com
Mentioned on the Show
On Episode 48 of the Your Financial Pharmacist Podcast we spotlight Dalton Fabian, a soon to be pharmacy graduate from the Drake University College of Pharmacy & Health Sciences. We ask Dalton about his current financial situation and help him think through how he and his wife can prioritize multiple competing financial priorities when making the transition from student to new practitioner.
About Our Guest
Dalton Fabian is a soon to be 2018 graduate of Drake University College of Pharmacy & Health Sciences. In addition to obtaining a PharmD, Dalton has a minor in Data Analytics. His career interests include health data science and using technology to make patient care more efficient and effective. During his time at Drake University, Dalton was heavily involved in various leadership opportunities focused on advocating for the profession, including serving as the Chapter President for APhA-ASP and planning health fairs for the Des Moines Community.
Join APhA
Join APhA now to gain premier access to YFP facilitated webinars, financial articles, live events, resources, and consultations. Your membership will also allow you to receive exclusive discounts on YFP products and services. You can join APhA at a 20% discount by visiting www.pharmacist.com/join-now and using coupon code ‘AYFP18’. For more information about our financial resources, visit www.pharmacist.com/financial-education.
Mentioned on the Show
On Episode 47 of the Your Financial Pharmacist Podcast, YFP Founder Tim Ulbrich, PharmD talks about the best practices for car buying and how to ensure car buying doesn’t get in the way of achieving other financial goals. In addition to Tim sharing his own tips and experiences, car buying recommendations from the YFP community are shared throughout the show.
Mentioned on the Show
On Episode 46 of the Your Financial Pharmacist Podcast, YFP team members Tim Church, PharmD, BCACP, CDE and Tim Ulbrich, PharmD tackle the most common mistakes that pharmacists make with their student loans. Whether you are a student pharmacist or a practitioner in active repayment, this episode will help you avoid the common pitfalls surrounding student loan repayment.
On Episode 45 of the Your Financial Pharmacist Podcast, YFP team member Tim Church and Certified Financial Planner Tim Baker discuss some of the key features of disability insurance and walk through how to get the right coverage.
PolicyGenius
Several reputable companies offer disability insurance but it can take a lot of time and energy to get multiple quotes. YFP has partnered with Policygenius, an online independent broker to help you quickly shop multiple companies for the coverage that's right for you. They have a very user-friendly interface and their team will help you through the entire process from application to signing a policy. You can even get an estimate without entering your personal information https://www.policygenius.com/yourfinancialpharmacist
On Episode 44 of the Your Financial Pharmacist Podcast, Certified Financial Planner and YFP team member Tim Baker interviews YFP Founder Tim Ulbrich to evaluate his life insurance needs and whether or not his current coverage is adequate. To learn more about whether or not you need life insurance, the pros/cons to different types of life insurance policies, how to determine how much coverage you need and where to go to get a quote from a reputable independent broker, head on over to yourfinancialpharmacist.com/life-insurance.
PolicyGenius
Several reputable companies offer life insurance but it can take a lot of time and energy to get multiple quotes. YFP has partnered with Policygenius, an online independent broker to help you quickly shop multiple companies for the coverage that's right for you. They have a very user-friendly interface and their team will help you through the entire process from application to signing a policy. You can even get an estimate without entering your personal information https://www.policygenius.com/yourfinancialpharmacist
Mentioned on the Show
On this Ask Tim & Tim episode of the Your Financial Pharmacist Podcast, we take three YFP community member questions about investing. We discuss investment terminology, considerations for choosing investments, where non-retirement accounts come into play and the pros/cons of target date funds.
If you have a question you would like to have featured on the show, shoot us an e-mail at info@yourfinancialpharmacist.com
Mentioned on the Show
On this Ask Tim & Tim episode of the Your Financial Pharmacist Podcast, we take two YFP community member questions about student loans. We discuss strategies for managing student loans during residency and how soon to refinance or consolidate student loans after graduation.
If you have a question you would like to have featured on the show, shoot us an e-mail at info@yourfinancialpharmacist.com
Mentioned on the Show
On Episode 41 of the Your Financial Pharmacist Podcast, we wrap up a two-part series on best practices for home buying by interviewing Dr. Nate Hedrick, The Real Estate RPh. In case you missed it, we interviewed Nate for part 1 of this series (Episode 40), where he provided the first 5 best practices for home buying. On this episode, Nate provides 5 more tips to round out the list of '10 Things Every Pharmacist Should Know About Home Buying.'
Nate Hedrick is a 2013 graduate of Ohio Northern University. By day, he works from home as a hospice clinical pharmacist for ProCare HospiceCare. By night, he works with pharmacist investors in Cleveland, Ohio – buying, flipping, selling, and renting homes as a licensed real estate agent with Berkshire Hathaway. This experience has led to a new real estate blog that covers everything from first-time home buying to real estate investing. Nate’s blog can be found at www.RealEstateRPH.com.
Real Estate Investing Guide
Looking to learn more about real estate investing? Check out The Pharmacist's Guide to Real Estate Investing at www.realestaterph.com/real-estate-investing-guide
On Episode 40 of the Your Financial Pharmacist Podcast, we begin a two-part series on best practices for home buying by interviewing Dr. Nate Hedrick, The Real Estate RPh.
Nate Hedrick is a 2013 graduate of Ohio Northern University. By day, he works from home as a hospice clinical pharmacist for ProCare HospiceCare. By night, he works with pharmacist investors in Cleveland, Ohio – buying, flipping, selling, and renting homes as a licensed real estate agent with Berkshire Hathaway. This experience has led to a new real estate blog that covers everything from first-time home buying to real estate investing. Nate’s blog can be found at www.RealEstateRPH.com.
Real Estate Investing Guide
Looking to learn more about real estate investing? Check out The Pharmacist's Guide to Real Estate Investing at https://www.realestaterph.com/real-estate-investing-guide/
On Episode 39 of the Your Financial Pharmacist Podcast, we interview Dr. Blair Thielemier, creator of BT Pharmacy Consulting, The Pharmapreneur Academy and the Elevate Pharmacy Virtual Summit. During this interview, Blair shares her personal and professional story including the financial hardships that inspired her various entrepreneurial ventures that have, in part, resulted in additional income to pay off her student loans and be on track to achieve her financial goals.
Elevate Pharmacy Virtual Summit
The 2018 Elevate Pharmacy Virtual Summit is presented by the NCPA Innovation Center and hosted by the founder of the Pharmapreneur Academy, Blair Thielemier. The Summit features 24 all-new interviews with pharmacists and experts discussing collaborative opportunities, team training, marketing, and profitable services in community pharmacies. The free 5 day event is March 21-25th and there are 11.5 accredited CPE hours available for pharmacists and pharmacy technicians. Go to ElevatePharmacySummit.com to register for your free ticket!
Mentioned on the Show
On Episode 38 of the Your Financial Pharmacist Podcast, we interview Alex Barker, a pharmacist, entrepreneur, author, and coach to share his story of becoming completely debt free. He is a clinical pharmacist with the VA and creator of thehappypharmd.com and the Happy PharmD Summit.
If you are a pharmacist who feels stuck in your current career, wants a change but don’t know where to start, the Happy PharmD Summit is the place for you to hear from more than 20 pharmacist speakers about non-traditional career opportunities.
You can learn more about the Happy PharmD Summit, coming up March 26th-29th, by visiting pharmacistsummit.com
On Episode 37 of the Your Financial Pharmacist Podcast, we spotlight a new practitioner leader, Drew Register, who serves as the Associate Director of Membership Engagement and Communications with the American Pharmacists Association. The team at YFP is excited to be partnering up with APhA to provide financial education services that are designed to help its’ members achieve financial freedom. On this episode, we ask Drew about his successes and challenges transitioning from student to new practitioner and what the APhA-YFP partnership has planned for 2018.
About Our Guest
Drew Register received his Doctor of Pharmacy degree in May of 2016 from the University of Louisiana at Monroe School of Pharmacy. He completed an Executive Residency in Association Management & Leadership at the American Pharmacists Association Foundation and currently serves as the Associate Director of Membership Engagement and Communications at APhA. He is a passionate and driven leader aiming to impact and shape the future of the profession of pharmacy through his career. His strengths and interests include drafting and editing publications, organizational leadership, public relations/communications, pharmacy advocacy, and developing innovative tools for patient outreach.
Join APhA
Join APhA now to gain premier access to YFP facilitated webinars, financial articles, live events, resources, and consultations. Your membership will also allow you to receive exclusive discounts on YFP products and services. You can join APhA at a 20% discount by visiting www.pharmacist.com/join-now and using coupon code ‘AYFP18’.
For more information about our financial resources, visit www.pharmacist.com/financial-education
Mentioned on the Show
On this episode of the Your Financial Pharmacist podcast, we finish our month long focus on how couples work together on their finances.
In Episode 36, we speak with Andria and Tim Church who share their story about how they first met and how their approach to their finances evolved over the course of their relationship. Andria and Tim share their wins and their struggles and impart valuable advice to other pharmacists and couples that are working together on their finances.
Featured on the Show
On Episode 035 of the Your Financial Pharmacist Podcast, Tim Baker, CFP interviews Sarah Stanley Fallaw, Ph.D, the founder and President of Data Points. Sarah is continuing the study of wealth in America started by Thomas J. Stanley, Ph.D. using analytics to identify and develop wealth potential. Show Notes
On this episode of the Your Financial Pharmacist podcast, we continue our month-long focus on how couples can work together to manage their finances.
In Episode 34, we interview Ellen & Ethan Ko who chronicle their journey walking through the valley of debt as a young couple, how they have managed to work together through financial hard times and what they are doing differently to be on the path towards financial freedom. Ellen is a 3rd year pharmacy student at VCU School of Pharmacy and Ethan is a physician that is trained in internal medicine with a subspecialty in nephrology.
Featured on the Show
In Part 2 of a series on Finding Your Why, Tim Baker, CFP, interviews YFP Founder Tim Ulbrich and his wife, Jess Ulbrich, by asking them a series of questions designed to help them envision what financial success looks like for them in 2, 5, 10 and 30 years into the future.
In this two-part series, Tim & Jess Ulbrich invite the listeners into their Find Your Why client meeting with Tim Baker, CFP.
In Part 1 of this two-part series on Finding Your Why, Tim Baker, CFP, interviews YFP Founder Tim Ulbrich and his wife, Jess Ulbrich, by asking them three life planning questions that challenge them to uncover their beliefs about money, their long-term financial goals and ultimately, why they want to achieve financial freedom.
In this two-part series, Tim & Jess Ulbrich invite the listeners into their Find Your Why client meeting with Tim Baker, CFP.
Featured on the Show
On this Debt Free Theme Hour of the Your Financial Pharmacist Podcast, we interview Adam Patterson about his journey paying off $211,000 of student loans in 26 months.
Episode 31 Giveaway
If you are looking to put together your own plan to pay off your student loans, make sure to check out the free YFP Student Loan Quick Start Guide. Inside this guide, you’ll learn:
Get your free copy of the YFP Student Loan Quick Start Guide TODAY at: http://yourfinancialpharmacist.com/studentloanguide
Featured on the Show
On Episode 30 of the Your Financial Pharmacist Pharmacist Podcast, we continue this two part series discussing the ins and out of refinancing your student loans. Specifically we discuss:
Student Loan Refinancing Page
Check out our student loan refinancing page to calculate your savings and check out exclusive YFP offers.
Featured on the Show
On Episode 29 of the Your Financial Pharmacist Pharmacist Podcast, we kick off a two part series discuss the ins and out of refinancing your student loans and how to determine if it’s a good move for you. In part 1, we discuss the benefits of refinancing, how to determine if it’s a good option for you, and some scenarios calculating the potential savings in interest.
Student Loan Refinancing Page
Check out our student loan refinancing page to calculate your savings and check out exclusive YFP offers.
Featured on the Show
On Episode 28 of the Your Financial Pharmacist Podcast, we discuss the dreaded, yet all important, “B word”....budgeting.
With a New Year comes the opportunity to get a fresh start on setting a budget that will help you achieve your financial goals. In this episode, we cover why having a budget is key to your long-term financial success, why so many people fail with keeping a budget, various budgeting strategies, and tools that can help you execute your monthly budget.
Episodes 28 Giveaway
Along with this episode, we are providing a YFP step-by-step spending plan (budget) template that will put you on the path to putting purpose to your spending each month.
This YFP spending plan Excel template is ready to go with formulas that will allow you to easily create a zero-based budget.
Get your FREE spending plan template at www.yourfinancialpharmacist.com/budget
Featured on the Show
On this episode of the Your Financial Pharmacist Podcast, we recap the best of the best from 2017 and discuss what the YFP team has planned for 2018.
YFP End of Year Giveaway
The team at YFP is excited to be launching an end of the year giveaway. We are giving away 3 prize backs valued at over $500 each. You can enter the contest by clicking on the image below or by going to www.yourfinancialpharmacist.com/2017-giveaway. Entries will be accepted through 12/31/17 and three winners will be selected on/around 1/1/18.
Featured on the Show
On this episode of the Your Financial Pharmacist Podcast, we help you baby step into creating your financial plan by giving you the 2 things that you should focus on first.
YFP End of Year Giveaway
The team at YFP is excited to be launching an end of the year giveaway. We are giving away 3 prize backs valued at over $500 each. You can enter the contest by clicking on the image below or by going to www.yourfinancialpharmacist.com/2017-giveaway. Entries will be accepted through 12/31/17 and three winners will be selected on/around 1/1/18.
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On this episode of the Your Financial Pharmacist Podcast, we continue a two-part series where we cover a list of 10 financial things every pharmacist should do to wrap up the year and to set themselves up to have an awesome New Year. Episodes 25 Special Giveaway Along with this episode, we have created a free checklist that will:
On this episode of the Your Financial Pharmacist Podcast, we begin a two-part series where we cover a list of 10 financial things every pharmacist should do to wrap up the year and to set themselves up to have an awesome New Year. Episodes 24 Special Giveaway Along with this episode, we have created a free checklist that will:
On this episode of the Your Financial Pharmacist Podcast, we’re diving into something everyone is talking about right now: the holidays! We’re going to share our tools and tips for managing a painless financial holiday, without compromising the fun and excitement of this most wonderful time of year. Episodes 23 Special Giveaway Along with this episode, we have created a free guide that will help you have a painless financial holiday (with no Rx needed). This step-by-step guide will help you:
On Episode 22 of the Your Financial Pharmacist Podcast, we discuss the importance and impact that giving can have in your life and with your financial plan. We will hear from several pharmacists throughout the show to learn about areas they are passionate about giving towards and why they choose to give despite having competing financial priorities. Featured on the Show
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[pt_view id="f651872qnv"]On Episode 21 of the Your Financial Pharmacist Podcast, we wrap up our two-part series talking about six reasons pharmacy graduates will struggle to build wealth and what they can do to combat these factors working against them. Episodes 20-21 Special Giveaway Along with this series, we are providing a YFP step-by-step spending plan (budget) template that will put you on the path to putting purpose to your spending each month. As this series highlights the factors working against us to build wealth, the reality is that we need to be more intentional about our monthly spending in order to achieve our long-term goals. This YFP spending plan Excel template is ready to go with formulas that will allow you to easily create a zero-based budget. Get your FREE spending plan template at www.yourfinancialpharmacist.com/budget Featured on the Show
On Episode 20 of the Your Financial Pharmacist Podcast, we kick off a two-part series to talk about six reasons pharmacy graduates will struggle to build wealth and what they can do to combat these factors working against them. Episode 20 Special Giveaway Along with this episode, we are providing a YFP step-by-step spending plan (budget) template that will put you on the path to putting purpose to your spending each month. As this series highlights the factors working against us to build wealth, the reality is that we need to be more intentional about our monthly spending in order to achieve our long-term goals. This YFP spending plan Excel template is ready to go with formulas that will allow you to easily create a zero-based budget. Get your FREE spending plan template at www.yourfinancialpharmacist.com/budget Featured on the Show
On Episode 19 of the Your Financial Pharmacist Podcast, we feature a listener question on an Ask Tim & Tim segment of the show. Keith from Ohio asks a question about the utility of a Health Savings Account (HSA) as a long-term investment strategy. Submit Your Question Do you have a financial question that we can feature on an upcoming Ask Tim & Tim segment of the show? Head on over to www.yourfinancialpharmacist.com or e-mail us at info@yourfinancialpharmacist.com to submit your question today! Join the YFP Community! I Want In!
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[pt_view id="f651872qnv"]On Episode 18 of the Your Financial Pharmacist Podcast, we welcome back to the show YFP team member and co-author of Seven Figure Pharmacist, Tim Church, PharmD, BCACP, CDE. On this episode, we talk about qualifying criteria, pros/cons and how to maximize benefits associated with the Public Service Loan Forgiveness (PSLF) Program.
Episode 018 Special Giveaway
Along with this episode, we are providing a PSLF Checklist to ensure you are ready to go in determining eligibility criteria, where to submit required forms, and how to maximize forgiveness. Specifically, you will learn:
You can access this FREE PSLF Checklist at www.yourfinancialpharmacist.com/pslfchecklist
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On Episode 017 of the Your Financial Pharmacist Podcast, we wrap up our 3-part series about the financial planning industry and what to look for when hiring a planner. We’ll talk more about how they get paid and what specifically to ask to make sure you are hiring a planner that has your best interest in mind. Episode 017 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the “Nuts & Bolts to Hiring a Financial Planner”. Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this giveaway, we cover:
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[pt_view id="f651872qnv"]On Episode 016 of the Your Financial Pharmacist Podcast, we continue our 3-part series about finding a financial planner that you has your best interest in mind. Specifically, we talk about the benefits a of hiring a financial planner; some obvious, others not so much. Episode 016 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the “Nuts & Bolts to Hiring a Financial Planner”. Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this giveaway, we cover:
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[pt_view id="f651872qnv"]On Episode 015 of the Your Financial Pharmacist Podcast, we kick off a 3-part series exploring the good, bad and ugly of the financial planning industry by interviewing the owner of Script Financial and YFP team member, Tim Baker, CERTIFIED FINANCIAL PLANNER. Episode 015 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the “Nuts & Bolts to Hiring a Financial Planner”. Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this giveaway, we cover:
About Today's Guest Derek Schwartz, PharmD, RPh is a 2014 graduate of Ohio Northern University Raabe College of Pharmacy who currently works with the Kroger Company in the Cincinnati, OH area. After graduating in 2014 with over $180,000 in debt, Derek is on pace to being debt free in January 2018. Featured on the Show
On Episode 013 of the Your Financial Pharmacist Podcast, we finish off our 2-part discussion of getting organized with your student loans as Tim Church rejoins Tim Baker as co-host. Tim and Tim dive deeper into the 4 strategies to pay off your student loans and discuss the associated repayment plans to consider. Tim and Tim also discuss refinancing and consolidation options and tackle the question of investing versus paying down debt. What You’ll Learn From This Episode
On Episode 012 of the Your Financial Pharmacist Podcast, we change things up a bit as Tim Church joins Tim Baker in the co-host chair. On this 2-part episode we dive a little deeper into how student loans affect pharmacists, we discuss how to properly inventory your student loans, why finding your why is so important and 4 strategies to pay off your loans. What You’ll Learn From This Episode
On Episode 011 of the Your Financial Pharmacist Podcast, we interview Sam Leveritt, PharmD, BCNP to discuss his journey going from growing up in poverty, to graduating from pharmacy school with $250,000 in debt, to achieving a net worth today of $1.3 Million. Featured on the Show
Episode 010 Podcast Show Notes What You’ll Learn From This Episode In Episode 010 of the Your Financial Pharmacist Podcast, we take our very first question on the Ask Tim & Tim segment of the show. Leighanne from Pennsylvania asks a question about whole life insurance as a strategy for building wealth and saving for college. Here is Leighanne's question: What do you think about whole life insurance adding to our financial portfolio as a way to build capital and save for the kids' college? Submit Your Question Now that we have our first episode of the Ask Tim & Tim segment under our belt, we are itching to do some more. Head on over to www.yourfinancialpharmacist.com and half-way down the home page you will see an 'Ask Tim & Tim' section to record your question. Join the YFP Community Go to http://yourfinancialpharmacist.com/ and subscribe to join a community of likeminded pharmacists and student pharmacists committed to achieving financial freedom. You can also follow Your Financial Pharmacist on Facebook and Twitter.
Episode 009 Podcast Show Notes
What You’ll Learn From This Episode
In Episode 009, we launch the very first Debt Free Theme Hour on the Your Financial Pharmacist Podcast. We interview Carrie Carlton, PharmD to discuss her journey of investing in real estate and how that helped her pay off $135,000 in student loans and be well on her way to achieve financial freedom.
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About Today's Guest
Carrie Carlton, PharmD is a 2011 graduate of the University of Tennessee and currently works in the long-term care setting. Since graduating, she has managed to pay off $135,000 in student loans and acquire 18 rental properties.
Episode 009 Special GiveawayTwo lucky listeners of the Your Financial Pharmacist Podcast will be randomly selected to receive a real estate investing book that comes recommended by today's guest, Carrie Carlton.
You can sign up to be eligible for this giveaway at yourfinancialpharmacist.com/009giveaway
Join the YFP Community
Go to http://yourfinancialpharmacist.com/ and subscribe to join a community of likeminded pharmacists and student pharmacists committed to achieving financial freedom.
You can also follow Your Financial Pharmacist on Facebook and Twitter.
Episode 008 Podcast Show Notes
What You’ll Learn From This Episode
In Episode 008, we interview Tim Church, PharmD, BCACP, CDE to discuss:
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About Today's Guest
Dr. Tim Church is a clinical pharmacy specialist in primary care at hte West Palm Beach VA Medical Center and is the author of When Eating Right Isn't Enough: The Top 5 Medications to Control Your Type 2 Diabetes.
A Ramsey Solutions Mater Financial Coach, Tim is passionate about helping people with their finances. You can follow him on Twitter @TimChurch85.
Tim lives in Delray Beach, Florida, with his wife Andria.
Episode 008 Special GiveawayFree sample of Seven Figure Pharmacist that includes a special offer coupon code for Your Financial Pharmacist Podcast listeners!
You can access this giveaway at yourfinancialpharmacist.com/008download
Join the YFP Community
Go to http://yourfinancialpharmacist.com/ and subscribe to join a community of likeminded pharmacists and student pharmacists committed to achieving financial freedom.
You can also follow Your Financial Pharmacist on Facebook and Twitter.
Episode 007 Podcast Show Notes
What You’ll Learn From This Episode
In Episode 007, we interview Alex Barker (Creator of The Happy PharmD) to discuss:
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Episode 007 Special Giveaway
6 Ideas for Pharmacists To Maximize Their Income - available at yourfinancialpharmacist.com/007download
Join the YFP Community
Go to http://yourfinancialpharmacist.com/ and subscribe to join a community of likeminded pharmacists and student pharmacists committed to achieving financial freedom.
You can also follow Your Financial Pharmacist on Facebook and Twitter.
Episode 006 Podcast Show Notes
What You’ll Learn From This Episode
In Episode 006, we interview Ken & Trenie Kunke (The Healthy Pharmaicsts) who discuss:
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Episode 006 Special Giveaway
The Healthy Pharmacists Top 10 List to be Financially Fit - available at yourfinancialpharmacist.com/006download
Join the YFP Community
Go to http://yourfinancialpharmacist.com/ and subscribe to join a community of likeminded pharmacists and student pharmacists committed to achieving financial freedom.
You can also follow Your Financial Pharmacist on Facebook and Twitter.
Episode 005 Podcast Show Notes
What You’ll Learn From This Episode
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Join the YFP Community
Go to http://yourfinancialpharmacist.com/ and subscribe to join a community of likeminded pharmacists and student pharmacists committed to achieving financial freedom.
You can also follow Your Financial Pharmacist on Facebook and Twitter.
Episode 004 Podcast Notes
What You’ll Learn From This Episode
Episode 003 Podcast Notes
What You’ll Learn From This Episode
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Episode 002 Podcast Notes
What You’ll Learn From This Episode
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Episode 001 Podcast Show Notes
What You’ll Learn From This Episode
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Screenshot of Tim Ulbrich’s last debt payment
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