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What can a sabbatical teach you about retirement? Learn how creating more margin today can help you build a richer life before retirement.

Episode Summary

What if retirement isn't something you should wait decades to experience?

In this episode of Scripted Wealth, Tim & Tim reflect on their experiences taking extended sabbaticals and explore what those experiences revealed about retirement, work, identity, relationships, and financial planning. Rather than viewing retirement as a finish line, they discuss how creating more margin, rest, and intentionality throughout life can lead to greater fulfillment today while also preparing for tomorrow.

Along the way, they unpack the emotional side of stepping away from work, why many high achievers struggle to slow down, and practical ways anyone can begin adopting a "sabbatical mindset"—even without taking an entire month off.

What you'll learn in this episode:

• Why retirement is about much more than reaching a financial number.
• How a sabbatical provides a valuable "test drive" for retirement.
• The surprising benefits of creating more margin, rest, and reflection before burnout happens.
• Practical ways to build a sabbatical mindset—even if taking a month off isn't realistic.
• Why some of the richest retirement experiences have little to do with money and everything to do with relationships and intentional living.

Mentioned on the Show

• YFP 079: Is It Time to Redefine Retirement?
• YFP Wealth

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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Tim and Tim share the financial mistakes, lessons, and mindset shifts that shaped their wealth journeys—and what they'd do differently today.

Episode Summary

Financial mistakes are part of every wealth-building journey. The key isn't avoiding them altogether. It's learning from them, adapting, and continuing to move forward.

In this episode, Tim & Tim reflect on the financial mistakes, missteps, and lessons that shaped their own journeys. From buying too much house, carrying credit card debt, and delaying retirement savings to misunderstanding student loans and chasing the belief that income equals success, they share the decisions they would approach differently if given the chance to start over.

Along the way, they discuss how money mindset, upbringing, financial habits, and life experiences influence the choices we make with money. They also explore why mistakes are often valuable teachers and how building a strong financial foundation creates the flexibility to take calculated risks and live a rich life on your own terms.

What you'll learn in this episode:

• Why income alone doesn't guarantee financial success
• Common financial mistakes pharmacists make early in their careers
• How money scripts and childhood experiences shape financial behavior
• The importance of building a strong financial foundation before taking risks
• Why financial mistakes can become valuable lessons rather than lasting regrets

Mentioned on the Show

• YFP Wealth

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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For many pharmacists, work becomes part of who they are. Learn how identity, purpose, career transitions, and retirement are deeply connected.

Episode Summary

For many pharmacists, work becomes more than a job. After years of education, training, and professional growth, being a pharmacist can become deeply connected to how we see ourselves. But what happens when career goals are achieved, a transition opportunity emerges, or retirement begins to appear on the horizon?

In this episode of Scripted Wealth, Tim & Tim explore the often-overlooked connection between identity and career. They discuss why pharmacists may be especially susceptible to tying their sense of purpose and self-worth to their profession, how the sunk cost of education and training can make career pivots feel difficult, and why retirement is about much more than replacing a paycheck. The conversation challenges listeners to think beyond their job title and consider how to build a life rich with purpose, relationships, community, and meaning both before and after retirement.

What you'll learn in this episode:

• Why pharmacists are particularly vulnerable to tying their identity to their profession
• How the sunk cost of education, training, and student loans can influence career decisions
• Why retirement is often an emotional and identity transition, not just a financial one
• How a strong financial foundation creates optionality for career pivots and life changes
• Practical questions to help define who you are beyond your role as a pharmacist

Mentioned on the Show

• YFP Wealth

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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Mid-career pharmacists face bigger decisions than ever. Learn how to navigate retirement, family priorities, and life's financial tradeoffs.

Episode Summary

Many pharmacists enter their 40s and 50s feeling financially stable, but also increasingly stretched. They're often in their peak earning years, peak spending years, and peak responsibility years all at the same time. In this episode, Tim & Tim explore the financial decisions that tend to have the biggest long-term impact during mid-career, from retirement timing and mortgage payoff strategies to supporting children, caring for aging parents, and balancing future goals with present-day experiences.

Rather than focusing on endless optimization, this conversation highlights the importance of intentional decision-making. The discussion challenges listeners to think beyond spreadsheets and ask deeper questions about what retirement means, what tradeoffs are worth making, and when it's okay to enjoy the life they've worked so hard to build.

What you'll learn in this episode:

• Why mid-career often shifts from financial accumulation to financial optimization
• How to think about retirement timing and the concept of work optionality
• The tradeoffs involved in paying off a mortgage versus investing or spending intentionally
• How to navigate financial decisions involving children, college funding, and aging parents
• Why a clear financial plan can provide confidence to enjoy life today while preparing for tomorrow

Mentioned on the Show

• Book: Start With Why by Simon Sinek
• Book: The Nvidia Way by Jensen Huang
• Book: Mom & Dad We Need to Talk by Cameron Huddleston
• YFP 393: How Much is Enough for Kids' College?
• YFP Wealth

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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You've spent decades saving for retirement. Learn how to turn those assets into a sustainable paycheck while managing taxes, healthcare, and risk.

Episode Summary

Pharmacists typically spend decades focused on accumulating wealth for retirement. Saving consistently, investing wisely, and watching account balances grow become familiar habits. But what happens when it's time to reverse course and start using those assets to fund your life?

In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim & Tim explore one of the most overlooked areas of financial planning: turning retirement savings into a sustainable retirement paycheck. They discuss why the decumulation phase is often more complex than accumulation, how Social Security, taxes, healthcare costs, and asset location decisions impact retirement income, and why many retirees struggle emotionally with spending the money they've worked so hard to save.

Whether retirement is right around the corner or several decades in the future, understanding how your future paycheck will be built can help you make better decisions today and create more confidence for tomorrow.

What you'll learn in this episode:

• Why retirement income planning deserves as much attention as retirement savings
• How asset location and tax diversification can help reduce future tax burdens and improve retirement flexibility
• The role Social Security plays in creating a sustainable retirement paycheck and key factors that influence claiming decisions
• Why healthcare and long-term care costs can significantly impact retirement spending needs
• The emotional shift from saving and accumulating wealth to confidently spending and using it in retirement

Mentioned on the Show

• YFP Gives
• YFP 294: 10 Common Social Security Mistakes to Avoid (Part 1)
• YFP 295: 10 Common Social Security Mistakes to Avoid (Part 2)
• YFP 329: Medicare Selection & Optimization: Common Mistakes, Tips & Tricks
• YFP 437: Am I 'On Track' Financially?
• YFP 296: 5 Key Decisions for Long-Term Care Insurance
• YFP 305: Understanding Annuities: A Primer for Pharmacists
• YFP Upcoming Webinars
• Fidelity Study: Fidelity Investments® Releases 2025 Retiree Health Care Cost Estimate, a Timely Reminder for All Generations to Begin Planning
• YFP Wealth

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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What does it really mean to be "on track" financially? Tim & Tim unpack net worth, comparison, lifestyle creep, and financial clarity.

Episode Summary

In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim Ulbrich and Tim Baker unpack one of the most common and emotionally loaded questions pharmacists ask themselves: "Am I on track financially?"

The conversation explores how many pharmacists measure financial progress through retirement balances, income, or expected net worth, while often overlooking the deeper qualitative factors that actually define financial success. Tim and Tim discuss the danger of comparison, the impact of social media and lifestyle creep, and why a lack of clarity and planning often fuels feelings of being "behind" even when the numbers suggest otherwise.

Along the way, they break down the three major phases of wealth building for pharmacists, discuss expected net worth benchmarks by age, explain why net worth and cash flow often feel disconnected, and highlight the importance of aligning financial decisions with your goals, values, and desired lifestyle.

What you'll learn in this episode:

• Why "being on track" financially means more than just hitting a retirement number
• How pharmacists move through different phases of wealth building over their career
• What expected net worth benchmarks can (and can't) tell you
• Why high earners can still feel financially stressed despite strong savings
• How a clear financial plan creates flexibility, confidence, and intentionality

Mentioned on the Show

• YFP Wealth: https://yfpwealth.com

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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What does a rich life actually mean? A conversation about money, fulfillment, time, and building a life aligned with what matters most.

Episode Summary

In this episode of Scripted Wealth: Money & Meaning for Pharmacists, Tim & Tim move beyond traditional financial planning conversations to explore the deeper connection between money, time, purpose, and fulfillment.

Many pharmacists spend years checking all the right boxes: earning the degree, building the career, paying off debt, saving for retirement, and growing their income, only to realize they still feel uncertain, disconnected, or stuck in the grind. In this conversation, Tim and Tim unpack what it means to build a financial plan that supports the life you truly want to live, not just the life you thought you were supposed to pursue.

Along the way, they share personal stories, pivotal life moments, reflections on work and identity, and practical ways to begin defining your own version of a "rich life." The episode also explores how financial planning can create more flexibility, intentionality, and freedom to focus on what matters most in each season of life.

What you'll learn in this episode:

• Why many high-achieving professionals still feel disconnected despite financial success
• The difference between building wealth and building a life aligned with your values
• How major life events often trigger deeper questions about time, work, and fulfillment
• Practical questions to help define your own version of a rich life
• Why meaningful experiences and relationships often matter more than financial optimization alone

Mentioned on the Show

• Die With Zero by Bill Perkins
• YFP Wealth: https://yfpwealth.com

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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After 500+ episodes, a new chapter begins. Learn why YFP is evolving and how to align your money with meaning to live a rich life today and tomorrow.

Episode Summary

After more than 500 episodes of the Your Financial Pharmacist Podcast, Tim Ulbrich, PharmD and Tim Baker, CFP®, RICP®, RLP® introduce a new chapter: Scripted Wealth: Money and Meaning for Pharmacists. In this episode, they share the story behind the transition, how it connects to the rebrand to YFP Wealth, and what listeners can expect moving forward. The conversation goes beyond financial tactics to explore the deeper purpose of money, helping pharmacists align their financial plans with what matters most. Whether you're early in your career or approaching retirement, this episode sets the stage for a more intentional approach to building and using wealth.

What you'll learn in this episode:

• Why the podcast is evolving after 500+ episodes and what prompted the shift
• The meaning behind "Scripted Wealth" and how you can take ownership of your financial life
• How to balance the quantitative (numbers) and qualitative (purpose) sides of wealth
• Why many pharmacists operate on financial autopilot and how to break out of it
• How YFP Wealth is evolving to better serve mid-career and pre-retirement pharmacists

Mentioned on the Show

• YFP Wealth: https://yfpwealth.com

Disclaimer

The information in this episode is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. It should not be construed as a solicitation or offer to buy or sell any investment or related financial products. We urge listeners to consult with a financial advisor with respect to any investment. The information contained in our episodes is not updated and may not be accurate at the time you view it on this website. Opinions and analyses expressed herein are solely those of YFP Wealth (unless otherwise noted) and constitute judgments as of the dates published. Such information may contain forward-looking statements, which are not intended to be guarantees of future events. Actual results could differ materially from those anticipated in the forward-looking statements. YFP Wealth representatives may from time to time hold positions in, or take positions contrary to, investments mentioned herein. It should not be assumed that future performance of any specific investment or investment strategy (including those discussed herein) will be successful or profitable, or protect against loss. Past performance does not guarantee future results. All investments involve risks including the loss of principal. Learn more at https://yfpwealth.com/disclaimer/

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Buying a home in 2026? Learn loan options, rate trends, and a new zero-down opportunity for pharmacists with mortgage expert Tony Umholtz.

Episode Summary

In this episode, Tim Ulbrich, PharmD welcomes back Tony Umholtz, Senior VP of Mortgage Banking at First Horizon, to break down what pharmacists and healthcare professionals need to know about buying a home in 2026. From navigating a volatile interest rate environment to understanding loan options, credit considerations, and down payment strategies, this conversation provides a practical roadmap for both first-time buyers and experienced homeowners. Tony also introduces a powerful new medical professional loan that could significantly change what's possible for pharmacists looking to purchase a home.

What you'll learn in this episode:

• How interest rates and housing inventory are shaping the 2026 homebuying market
• Key differences between conventional, FHA, VA, and specialized loan options
• Common credit and debt-to-income mistakes that can impact your approval
• How to think about fixed vs. adjustable-rate mortgages in today's environment
• How the new medical professional loan can help pharmacists buy with little or no money down

Mentioned on the Show

• Tony Umholtz from First Horizon (website): https://firsthorizon.com/tony-umholtz
• Tony Umholtz from First Horizon (email): tony.umholtz@firsthorizon.com
• Tony Umholtz from First Horizon (phone): 813-603-4255
• YFP Gives: https://yfpgives.org/

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Dr. Emlah Tubuo shares how intentional living, whole-person care, and mindset are reshaping pharmacy, leadership, and personal wellbeing.

Episode Summary

In this episode of the YFP Podcast, Tim Ulbrich, PharmD sits down with Dr. Emlah Tubuo to explore what intentional living looks like in real life and in modern pharmacy practice. Emlah shares how Powell Pharmacy has evolved beyond dispensing into whole-person care, including biomarker testing, hormone optimization, and integrated wellness services. They discuss resilience, mindset, and how pharmacists can reclaim purpose by meeting patients where they are, while also addressing burnout, fear, and the power of being fully present. Whether you are a pharmacist, entrepreneur, or someone seeking a more aligned and intentional life, this conversation offers both inspiration and practical insight.

What you'll learn in this episode:

• How intentional living can transform pharmacy practice and patient care
• Why whole-person care goes beyond prescriptions and lab values alone
• Practical ways pharmacists can integrate biomarkers, hormones, and wellness initiatives
• How mindset, presence, and resilience reduce burnout and improve impact
• What it means to redefine success through service, alignment, and purpose

Mentioned on the Show

• Powell Pharmacy
• Journeys Lab Testing for Pharmacists
• Pharmacist Fullscript Account Setup
• Lunch and Learn Supplement Knowledge
• Discuss Dietary Supplements With Confidence
• Intentional Living Newsletter
• Emlah Naturals
• Intentional Living Podcast
• Emlah Tubuo - LinkedIn
• Emlah Tubuo - Instagram

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What if financial success isn't about saving more, but aligning money with the life you want today?

Episode Summary

After years of doing "everything right" financially, many pharmacists reach a surprising crossroads: retirement feels on track, but something still feels off. In this solo episode, Tim Ulbrich, PharmD reflects on a counterintuitive decision he has made over the past five years by intentionally not maxing out traditional retirement accounts, and the deeper question that choice surfaced: what are you optimizing for right now? This conversation explores the tension between financial efficiency and life alignment, the concept of "enough," and why financial planning in mid-career is less about winning spreadsheets and more about finding a way to live your rich life today while preparing for the future.

What you'll learn in this episode:

• Why "on track" financially doesn't always feel satisfying
• The difference between accumulating wealth and being truly retirement-ready
• The hidden risk of always optimizing your financial plan for a future state at the expense of today
• Why "enough" is a decision, not just a number

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Tim Ulbrich, PharmD covers 10 practical year-end financial moves to reduce tax burden, build clarity, and start 2026 with confidence—plus a bonus step most people overlook.

Episode Summary

As 2025 winds down, it's tempting to push financial decisions into January. But some of the most impactful moves you can make happen before the calendar turns.

In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD walks through 10 practical, foundational financial moves to make before 2026 to help you reduce tax burden, invest with intention, organize your financial life, and enter the new year with clarity and momentum.

The episode wraps with a bonus step that isn't on most year-end checklists but may be one of the most leveraged decisions you can make heading into 2026: evaluating whether it's time to hire a financial planner or reassess your current advisory relationship.

This is your financial "closing shift" for 2025—simple, intentional moves that quietly build confidence and long-term wealth.

What you'll learn in this episode:

• How to perform a year-end financial inventory and why tracking net worth is one of the most powerful planning habits.
• Which tax-advantaged accounts need attention before December 31 and how to prioritize last-minute contributions.
• The importance of rebalancing your investment portfolio and prepare for paycheck changes heading into a new year.
• Why organizing estate documents, beneficiaries, and a "legacy folder" creates clarity and peace of mind.
• How to set meaningful financial goals for 2026 and evaluate whether it's time to hire (or reassess) a financial planner.

Mentioned on the Show

• YFP Legacy Folder Checklist

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Tim & Tim discuss how to handle a windfall or inheritance with clarity emotionally, financially, and strategically during the biggest wealth transfer in U.S. history.

This episode is brought to you by the American Pharmacists Association (APhA).

Episode Summary

Handling a windfall or inheritance isn't just about the money—it's an emotional, relational, and identity-level shift. Whether it's an inheritance, equity payout, stock options vesting, or another financial surprise, the "right" next step can feel overwhelming. Many people think the challenge is how to invest a large sum… but the real challenge often begins much earlier: Who am I now that money is no longer the limiting factor?

In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® break down how to prepare for, navigate, and thoughtfully plan through sudden wealth. They talk about the emotional side of receiving money, how to avoid rushed decisions, the importance of building the right team, tax considerations, and how to align a windfall with your goals, values, and relationships. With the largest wealth transfer in U.S. history underway, this is a conversation every generation needs to hear.

If you've received a windfall, expect one, or simply want to understand how to handle one wisely, this episode will help you slow down, think clearly, and make decisions you won't regret.

What you'll learn in this episode:

• Why sudden wealth creates emotional, identity, and relational shifts—not just financial ones
• The most common types of windfalls and why they require different planning strategies
• How to avoid rushed decisions and use a "90-day pause" to regain clarity
• The key professionals you need on your team before making major moves
• How taxes, investment priorities, and giving strategies change when a windfall enters the plan

Mentioned on the Show

• Mom and Dad, We Need to Talk by Cameron Huddleston
• Cerulli Associates "Great Wealth Transfer" data
• "Die With Zero" by Bill Perkins
• YFP Episode: 5 Key Questions to Ask Before Hiring a Financial Planner

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Pharmacist and entrepreneur Peyton Gilbert shares how intentional living, saving 50% of income, and family business ownership created flexibility and freedom.

Episode Summary

In this episode of the YFP Podcast, Tim Ulbrich sits down with Dr. Peyton Gilbert—a pharmacist, entrepreneur, and small-business owner whose story is a masterclass in intentional living. Peyton shares how he and his wife saved and invested over 50% of their income early in their careers, the mindset shift that allowed them to build a strong financial foundation, and how living "like a resident" created flexibility for major life decisions.

What you'll learn in this episode:

• How Peyton and his wife saved over 50% of their income early in his career—and the mindset that made it possible.
• Why living "like a resident" for a season can create massive long-term financial flexibility.
• How Peyton navigated buying a home in a high-interest-rate environment and what he learned along the way.
• The story behind taking over his family's small business and how he balances entrepreneurship with a full-time industry role.
• How his mother's cancer journey shaped his purpose, career path, and the way he defines a "rich life" today and tomorrow.

Mentioned on the Show

• (Book) So Good They Can't Ignore You by Cal Newport
• (Book) The Millionaire Next Door by Dr. Tom Stanley
• (Book) Die With Zero by Bill Perkins
• First Horizon
• White Coat Investor

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Tim & Tim discuss whether to pay off your mortgage early or invest, breaking down math, mindset, and goals for 2025's financial landscape.

This episode is brought to you by First Horizon.

Episode Summary

In this episode of the YFP podcast, co-hosts Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® revisit the frequently asked question: 'Should I pay off my mortgage early or invest the difference?' They discuss how the changing financial landscape, including rising interest rates, market volatility, and inflation, impacts this decision in 2025. They explore the math, emotional factors, and personal financial goals to provide a balanced approach.

What you'll learn in this episode:

• How to evaluate whether paying off your mortgage early or investing the difference makes more sense in today's higher-rate environment.
• Why the math (interest rates, investment returns, tax impact) and the emotion (stress, freedom, flexibility) both matter when making this decision.
• How shifts in interest rates, inflation, and cash flow pressures since 2018 change the calculus for pharmacists in 2025.
• The role of discipline and behavior—why "investing the difference" only works if you actually do it.
• How a financial planner helps balance data and emotion to build a plan that aligns with your goals, values, and risk tolerance.

Mentioned on the Show

• Your Financial Pharmacist
• Book a Free Discovery Call with YFP
• YFP Episode 49 "Should I Pay Off My House Early of Invest?"
• YFP Episode 68 "Pros/Cons of the Dave Ramsey 7 Baby Steps"
• YFP Episode 427: "Passive vs Active Investing: Is the Debate Over"
• YFP Episode 274: "Risk Tolerance vs Risk Capacity (Retirement Planning)"

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Tim & Tim unpack passive vs. active investing, fees, behavior, and why YFP takes an "actively passive" approach to help pharmacists reach goals.

Episode Summary

In this episode of the YFP podcast, co-hosts Tim Ulbrich, PharmD and Tim Baker, CFP®, RICP®, RLP® dive into the ongoing debate of passive versus active investing. They break down the definitions of each strategy, discuss where each might fit into a pharmacist's financial plan, and analyze the impact of fees and behavioral factors.

Drawing insights from Charles Ellis's The Index Revolution and Dr. Daniel Crosby's The Behavioral Investor, they explore YFP's own investment philosophy and the benefits of an actively passive approach. The episode covers the importance of long-term planning, the impact of fees on investment returns, and why human behavior often works against successful investing. Tune in to see why YFP advocates for a passive approach while actively managing portfolios to align with clients' financial goals.

What you'll learn in this episode:

• The key differences between passive and active investing—and where each approach fits within a pharmacist's financial plan.
• How investment fees and human behavior can significantly impact long-term returns.
• Why YFP believes in an "actively passive" investment philosophy that balances discipline with adaptability.
• Practical takeaways from The Index Revolution and The Behavioral Investor to help you become a more confident, informed investor.

Mentioned on the Show

• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube
• The Index Revolution by Charles Ellis
• Vanguard Research Brief (2020): Putting a value on your value: Quantifying Vanguard Adviser's Alpha
• The Behavioral Investor by Dr. Daniel Crosby
• YFP Episode 124: The Behavioral Investor with Dr. Daniel Crosby

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Are you measuring your financial success by the wrong metric? In this episode, Tim Ulbrich, PharmD, dives into why income can be misleading and why net worth is the true measure of financial progress.

This episode is brought to you by First Horizon.

Episode Summary

Are you measuring your financial success by income alone? In this episode, Tim Ulbrich shares the wake-up call that changed everything for him: despite earning a six-figure pharmacist salary, his net worth was negative $225,000.

Tim dives into why income is a vanity metric and why tracking net worth is the key to true financial progress. He breaks down the difference between income and net worth, why net worth matters more, and four powerful reasons to make it a monthly habit.

What you'll learn in this episode:

• The wake-up moment that shifted Tim's financial mindset
• Why income alone doesn't reflect real progress
• How tracking net worth builds momentum, clarity, and motivation
• Practical tips for measuring what truly matters

Mentioned on the Show

• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube
• The Millionaire Next Door by Tom Stanley
• Rich Dad Poor Dad by Robert Kiyosaki

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Retirement isn’t just about the numbers. Tim Ulbrich, PharmD and Tim Baker, CFP® and Registered Life Planner, explore how life planning can help you design a retirement filled with purpose, meaning, and fulfillment, not just financial security.

Episode Summary

When it comes to preparing for retirement, most conversations focus on the financial side—things like income planning, Social Security timing, withdrawal strategies, and tax-efficient investing. But true retirement readiness goes beyond the numbers.

In this episode, Tim Ulbrich, PharmD, is joined by Tim Baker, CFP® and Registered Life Planner, to explore how life planning can help you design a retirement that’s rich with meaning, purpose, and fulfillment, not just financial security.

As you step away from decades of work—often after raising kids, building a career, and living within a structured routine—you enter a new phase of life where the biggest challenges aren’t just financial, they’re personal. Who are you now? What does your ideal day look like? How do you make this season of life one that aligns with your values and brings you joy?

In this episode, you’ll learn:

• What life planning is and how it complements financial planning
• How to navigate the personal and emotional transition into retirement
• Practical ways to align your money with your values and goals
• How to create a vision for a fulfilling and purpose-driven retirement

Whether you’re approaching retirement or simply thinking ahead, this conversation will help you see how life planning can make the next chapter not only financially sound but deeply satisfying.

Mentioned on the Show

• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube
• YFP 394: Crafting a Rich Life in Retirement: Insights from David Zgarrick, PhD
• Vanguard Study Advisor’s Alpha
• Changes in US Family Finances from 2019 to 2022: The Federal Reserve Board of Governors

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Is it possible for a pharmacist to save $1M by 40? In this episode, we break down the math, explore money mindsets, and share my journey from –$225K in debt after residency to reaching millionaire status with practical strategies to build wealth.

Episode Summary

In this episode, we tackle one of the most common (and debated) money questions: Is it realistic for a pharmacist to reach $1 million by age 40?

YFP Co-Founder & CEO, Tim Ulbrich, PharmD breaks down the math, explores the mindset shifts that matter most, and shares some of his own story of going from –$225,000 in net worth after residency to crossing the seven-figure mark.

You’ll learn:

✅ How to calculate what it actually takes to hit $1M ✅ Why your money beliefs may help or hold you back ✅ Strategies like automating savings, tracking net worth & boosting financial IQ ✅ The importance of “playing financial defense” with debt and expenses

This episode isn’t just about hitting a number, it’s about what that milestone means for your financial independence, freedom, and peace of mind.

Mentioned on the Show

• YFP Compound Interest Calculator
• The Millionaire Next Door by Dr. Tom Stanley
• Watch the Your Financial Pharmacist Podcast on YouTube
• Learn More About Your Financial Pharmacist

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Taking risks with your money, career, or life goals isn’t easy, especially if you don’t feel secure. In this episode, Tim Ulbrich, PharmD, explores how to build both the financial and emotional foundation you need to step out of survival mode and start taking calculated risks with confidence.

Episode Summary

Without security, it can be difficult to take risks. In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, shares how to build the financial and emotional foundation you need to move past survival mode and take bold, calculated risks

You’ll learn:

✅ Why having a financial “floor” is essential before taking risks ✅ How emotional security plays into financial decision-making ✅ Practical steps to create stability so you can pursue opportunities ✅ The balance between playing it safe and going after bold goals

Whether it’s investing, starting a new business venture, or chasing a dream, this conversation will help you create the security you need to move forward.

Mentioned on the Show

• Watch the Your Financial Pharmacist Podcast on YouTube
• Learn More About Your Financial Pharmacist

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Health Savings Accounts (HSAs) are a modest but mighty tool for healthcare and retirement planning with a rare triple-tax advantage. Tim Ulbrich and Tim Baker share 2025 limits, key benefits, and common mistakes pharmacists make.

This episode is brought to you by First Horizon.

Mentioned on the Show

• First Horizon’s Pharmacist Home Loan
• YFP Blog: Why I’m Not Using My Health Savings Account to Pay for Medical Expenses
• YFP 165: The power of a Health Savings Account
• Reference: Investment News Barron’s
• YFP 124: The Behavioral Investor with Dr. Daniel Crosby
• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube

Episode Summary

Health Savings Accounts (HSAs) are a modest but mighty tool for both healthcare and retirement planning, offering a rare triple-tax advantage: tax-deductible contributions, tax-free growth, and tax-free qualified withdrawals. But despite these benefits, many pharmacists aren’t maximizing their HSA—or worse, are making costly mistakes.

In this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich and Tim Baker break down:

✅ What HSAs are, how they work, and 2025 contribution limits ✅ Why HSAs can serve as a “stealth” retirement account ✅ Common mistakes like non-qualified expenses and poor record-keeping ✅ How to choose the right HSA provider and designate beneficiaries ✅ Tips for investing your HSA funds for long-term growth

Whether you’re just starting out with your HSA or looking to fully optimize this powerful account, this episode is packed with insights to help you avoid pitfalls and maximize your benefits.

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Tim Ulbrich and Tim Baker tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?” They dive into who needs coverage, common misconceptions, and why the “buy term and invest the difference” strategy may be the smarter approach.

This episode is brought to you by APhA.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?”

We’ve seen an increasing number of pharmacists with expensive whole life insurance policies that are often complex, costly, and not always the best fit. In this video, Tim and Tim break down:

✅ Who actually needs life insurance (and who doesn’t)

✅ The role life insurance should play in your financial plan

✅ The key differences between term life and whole life coverage

✅ Why “buy term and invest the difference” can often be the smarter strategy

✅ The conflicts of interest that sometimes drive whole life sales

By the end, you’ll better understand the benefits, costs, and misconceptions around whole life insurance so you can make an informed decision about what’s right for your financial future.

Mentioned on the Show

• Join APhA - Get 25% Off with Code YFP
• Life Insurance for Pharmacists: The Ultimate Guide
• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube

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Asking for and getting a raise can make a significant difference in your financial plan for years to come. In this episode, Tim Ulbrich walks through a five-step playbook with practical tips and strategies to help you confidently ask for and get the raise you deserve.

Episode Summary

Asking for and getting a raise can make a massive difference in your financial plan, not just today, but for years and even decades to come.

For many pharmacists, the thought of walking into their boss’s office and asking for more money can feel as unpleasant as getting a cavity filled. It’s uncomfortable, awkward, and full of “what ifs”: What if they say no? What if I ruin the relationship? What if they think I’m being greedy?

The truth is, most people never get a big raise for one simple reason: they never ask. And that “ask” isn’t just about adding dollars to your paycheck. It’s about building confidence and advocating for the value you bring to your role.

In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, breaks down a five-step playbook with practical examples, real-world negotiation tips, and a few favorite strategies from Chris Voss’s Never Split the Difference. Whether you’re aiming for your first raise or looking to boost your income long term, this episode gives you the tools to confidently ask for and actually get the raise you deserve.

Mentioned on the Show

• YFP YouTube Channel
• YFP 384: Beyond Salary: Negotiating Your Value in the Workplace
• Never Split the Difference by Chris Voss
• Your Financial Pharmacist

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In this special episode, Tim Ulbrich introduces the winners of the YFP Gives scholarship. Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah share their inspiring stories, showcasing the drive, resilience, and vision of the next generation of pharmacy leaders.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD introduces the five recipients of the 2025 YFP Gives Scholarship. These inspiring stories reflect the passion, perseverance, and leadership of the next generation of pharmacy professionals.

The 2025 YFP Gives scholarship winners are Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah.

Now in its second year, the YFP Gives Scholarship provides each winner with a $1,000 scholarship, 1-year access to YFP+, a copy of Seven Figure Pharmacist, and a 1:1 Ask Me Anything session with Tim Ulbrich or Tim Baker.

Mentioned on the Show

• YFP YouTube Channel
• YFP Gives
• Your Financial Pharmacist

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Buying a home can feel overwhelming, especially for pharmacists facing student loans, rising rents, and high interest rates. Tony Umholtz, mortgage loan officer at First Horizon, shares a realistic path to homeownership, even in today’s challenging real estate environment.

This episode is brought to you by First Horizon.

Episode Summary

Buying a home as a first-time buyer in today’s market can feel overwhelming, especially for pharmacists juggling student loans, high rents, and rising interest rates.

In this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich is joined by Tony Umholtz, mortgage loan officer with First Horizon Bank, to share a realistic path to homeownership, even in today’s challenging real estate environment.

You’ll learn:

✅ How today’s lending environment impacts first-time buyers ✅ The role student loan repayment changes play in qualifying for a mortgage ✅ Strategies to make homeownership more attainable for pharmacists ✅ Why the door to buying a home may be more open than you think

Whether you’re planning to buy in the next few months or just starting to explore your options, this conversation will help you feel informed, empowered, and ready to take your next step toward owning a home.

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

• YFP YouTube Channel
• YFP 416: Student Loan Changes: Key Takeaways from the Big Beautiful Bill
• Learn More About First Horizon’s Pharmacist Home Loan
• Your Financial Pharmacist

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Cory & Cassie Jenks return 5 years after first sharing their Coast FI journey. Tim Ulbrich talks with them about career shifts, family life, and how they’re balancing financial freedom with living fully while raising three kids under six.

Episode Summary

In early 2020, pharmacists Cory and Cassie Jenks shared their inspiring journey toward Coast FI on Episode 134 of the YFP Podcast, explaining how they front-loaded their retirement savings to create more flexibility, time freedom, and intentional living.

Now, over five years later, they’re back for a “Where Are They Now?” update. A lot has changed - career transitions, family growth, and a deeper evolution of what financial independence looks like as life continues to shift.

In this conversation with YFP Co-Founder & CEO Tim Ulbrich, Cory and Cassie reflect on:

✅ Career and lifestyle shifts since hitting Coast FI ✅ What it means to intentionally “downshift” in pursuit of purpose ✅ Balancing saving for tomorrow with living fully today ✅ Navigating family life with three kids under six ✅ How their financial planning strategy has adapted over time

Whether you’re on your own FIRE journey, reevaluating your relationship with work, or just curious how other pharmacist families are redefining success, this episode is packed with honest reflection and practical inspiration.

Mentioned on the Show

• YFP YouTube Channel
• YFP Episode 134 featuring Cassie & Cory Jenks
• Die with Zero by Bill Perkins
• Happy Money by Ken Honda
• Your Financial Pharmacist

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Tim Ulbrich, PharmD, breaks down student loan updates from the Big Beautiful Bill, including key changes, how we got here, and what it means for your repayment strategy.

Episode Summary

In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD breaks down recent student loan updates stemming from the newly passed Big Beautiful Bill. With so many repayment options, formulas, and acronyms flying around, it’s more confusing than ever for borrowers to make confident decisions.

Tim walks through:

✅ Key changes included in the Big Beautiful Bill ✅ How we got here and why this matters ✅ What these updates could mean for your personal repayment strategy

Since this topic can become complex quickly, Tim shares slides in the YouTube video. If you want to follow along visually, be sure to check out the full episode on YouTube.

Mentioned on the Show

• Studentaid.gov
• Watch This Episode on YouTube
• Your Financial Pharmacist

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Jackie Boyle returns nearly two years after paying off $200K+ in student loans to share how that milestone shaped her growth. Jackie also discusses mindset shifts, burnout in pharmacy, and her mission to help ambitious women reconnect with their purpose and potential.

Episode Summary In this episode, Jackie Boyle, PharmD, returns to the YFP Podcast to share what’s happened in the nearly two years since she and her husband paid off over $200,000 in student loans.

Jackie and Tim Ulbrich dive into the pressure many pharmacists feel to follow a traditional career path, the mindset shifts required to break free from self-limiting beliefs, and the realities of burnout in the profession. Jackie also opens up about her journey into coaching and the mission behind Jackie Boyle Coaching, where she helps ambitious women reconnect with their purpose and potential.

Whether you're feeling stuck, burned out, or questioning what’s next in your career, this episode offers honest insights, encouragement, and hope for what’s possible.

Mentioned on the Show

• YFP YouTube Channel
• YFP 331: How One Couple Paid Off $208k of Student Loans
• Standard University “Imposter Syndrome”
• Turning Pro by Steven Pressfield
• The Big Leap by Gay Hendricks
• 10x is Easier Than 2x by Dan Sullivan
• Jackie Boyle Coaching
• Jackie Boyle LinkedIn Profile

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Pharmacists and real estate investors Nate Hedrick and David Bright explore today’s shifting housing market and ask: Is real estate investing less volatile than the stock market?

Episode Summary

In this episode, pharmacists and real estate investors Nate Hedrick and David Bright break down what they’re seeing in today’s real estate market, from inconsistent pricing strategies to shifting buyer and seller behavior, and explore the bigger question: Is real estate investing less volatile than the stock market?

They reflect on how current trends compare to recent years and what that means for investors looking to buy, flip, or hold in 2025.

Whether you’re new to real estate or reassessing your strategy in an unpredictable market, this episode offers timely insights to help you invest with more confidence.

Mentioned on the Show

• Lessons from the Red: Navigating Big Market Dips
• Median Sales Price of Houses Sold for the United States
• Has Real Estate or the Stock Market Performed Better Historically?
• S&P 500 Average Returns and Historical Performance

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Wondering whether to contribute to a Roth or Traditional retirement account? Tim Ulbrich and Tim Baker break down key factors like tax brackets, Roth 401(k) access, and long-term planning tips to help you decide.

Episode Summary

One of the most common questions we get is: Should I contribute to a Roth or Traditional retirement account?

In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down the key factors to consider when deciding between Roth and Traditional contributions, including:

✅ Your current and projected future tax bracket

✅ How much you’ve already saved in each account type

✅ Roth 401(k) availability through your employer

✅ State income tax implications

✅ Whether you have the cash flexibility to consider Roth conversions

✅ How the Roth IRA’s freedom from required minimum distributions (RMDs) can be a valuable planning tool

If you’ve ever found yourself wondering which retirement bucket to prioritize, or if you’re simply trying to be more tax-savvy with your savings, this episode is for you.

📩 Have a question for a future Ask YFP episode? Submit it here: info@yourfinancialpharmacist.com

Mentioned on the Show

• YFP YouTube Channel
• YFP 405: Navigating Retirement Income: How to Turn Assets into a Paycheck
• Record a Question to be Featured on an Ask YFP Episode
• Email YFP: info@yourfinancialpharmacist.com

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Thinking about changing jobs or just got promoted? In this episode, Tim and Tim cover 7 key financial considerations, from negotiating offers to managing benefits, to help you navigate the transition with clarity and confidence.

Episode Summary

If you recently changed jobs or just landed a promotion, congratulations! A new opportunity, whether internal or external, often brings exciting possibilities…and important financial decisions.

In this episode, 7 Key Financial Considerations During a Job Transition, YFP Co-Founder & CEO, Tim Ulbrich, PharmD is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP® to walk you through the most important financial areas to think about when navigating a job change or stepping into a new role.

They cover how to:

✅ Evaluate and negotiate a new offer ✅ Understand your updated benefits package ✅ Make a plan for your old 401(k) ✅ Align your new compensation with your financial goals ...and more.

Whether you’re in the early stages of a transition or already in your new role, this episode is your financial checklist to move forward with clarity and confidence.

Mentioned on the Show

• YFP 384: Beyond Salary: Negotiating Your Value in the Workplace
• Never Split the Difference by Chris Voss
• YFP 328: How to Navigate Open Enrollment & Employer Benefits
• YFP Episode 408: What Should You Do With an Old 401(k)
• YFP Episode 404: 5 Key Questions to Ask When Hiring a Financial Planner

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Does a 1% AUM fee really cost you 25% of your returns? Tim Ulbrich and Tim Baker run the numbers and give you a framework to evaluate the real cost and the real value of financial planning.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle a common concern about working with a financial advisor: Does paying a 1% fee for assets under management (AUM) really eat away a quarter of your investment gains over time?

We run the actual numbers using compound interest calculators to see how much a 1% advisory fee could cost over the long term and whether the 25% claim holds true.

But this episode isn’t just about math.

Tim and Tim also zoom out to look at the bigger picture: What’s the ROI of the fee you’re paying? Because it’s not just about investment returns, it’s also about the potential behavioral coaching, tax strategies, withdrawal planning, and comprehensive financial guidance that a good advisor brings to the table.

Whether you’re a die-hard DIY investor, already working with an advisor, or considering working with a financial planner for the first time, this episode will give you a practical framework to evaluate the real cost and real value of financial advice.

Mentioned on the Show

• YFP YouTube Channel
• YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner
• Vanguard: Putting a value on your value: Quantifying Vanguard Advisor’s Alpha®
• The Investment Funds Institute of Canada. Financial Advice in Canada, November 2022.
• Kitces Quantifying the Value of Financial Planning Advice
• Record a Question to be Featured on an Ask YFP Episode
• Email YFP: info@yourfinancialpharmacist.com

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Feeling financially stuck despite making a good income? Tim Ulbrich, PharmD, unpacks three common reasons pharmacists hit a financial plateau and how to reframe your thinking about money, income, and possibility.

Episode Summary

Do you ever feel like, despite making a good income, you should be further along financially?

You’ve got the degree, the stable job, the six-figure salary…but you’re not making the progress you hoped for. You feel stuck, and you’re wondering why.

In this episode of the Your Financial Pharmacist Podcast, YFP Co-Founder & CEO Tim Ulbrich, PharmD, explores three common reasons many pharmacists feel financially stuck, even with a strong income:

• A fixed mindset that limits your financial potential
• A fixed income that hasn’t kept up with inflation or your goals
• Fixed costs that quietly chip away at your freedom and options

This isn’t just a conversation about budgeting or side hustles. It’s about changing how we think about money, income, and what's possible.

Whether you're early in your career or feeling stuck mid-way through, this episode will help you gain clarity and take actionable steps toward financial progress.

Mentioned on the Show

• The Big Leap by Gay Hendricks
• YFP 384: Beyond Salary: Negotiating Your Value in the Workplace
• Bureau of Labor Statistics (BLS), Pharmacists
• Book a Discovery Call with the YFP Team

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In this special Father’s Day episode, Tim Ulbrich shares five unexpected and powerful money lessons he’s learned from raising four boys.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, reflects on the unexpected and powerful financial lessons he’s learned from raising four boys. From conversations at the concession stand to big-picture reflections on priorities, Tim shares 5 meaningful insights that go beyond spreadsheets and savings accounts.

Whether you're a parent, planning to be one, or simply interested in how life shapes our money mindset, this episode offers a personal and practical look at the intersection of fatherhood and finance.

Mentioned on the Show

• YFP 363: A Conversation with My Dad: Lessons on Entrepreneurs, Fatherhood, and Finance
• YFP 402: Building a Legacy: The Family Constitution Blueprint with Julia Myers
• Die With Zero: Getting All You Can From Your Money and Your Life by Bill Perkins
• Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton

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What mindset separates high earners from true wealth builders? Inspired by The Millionaire Next Door by Dr. Thomas Stanley, Tim Ulbrich breaks down how changing his perspective on money transformed his financial path, and how it can do the same for you.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD explores the key mindset shift that helps pharmacists quietly build lasting wealth. This isn't about flashy cars or overnight success. It's about the habits, discipline, and mindset millionaires use to build wealth quietly and consistently. Drawing from both personal experience and lessons from The Millionaire Next Door by Dr. Thomas Stanley, he shares how pharmacists and other high-income earners can adopt a wealth-building mindset that prioritizes financial independence over lifestyle inflation.

Whether you’re just getting started or looking to level up, this episode will challenge how you think about money and give you the tools to create lasting change.

In this episode, you’ll learn:

• The mindset millionaires adopt (that most people don’t)
• Why high income doesn’t guarantee financial freedom
• How to build money habits that grow wealth over time
• What these insights mean for pharmacists and other professionals pursuing financial independence

Mentioned on the Show

• First Horizon’s Pharmacist Home Loan
• Your Financial Pharmacist
• The Millionaire Next Door by Dr. Tom Stanley
• I Will Teach You to be Rich by Ramit Sethi
• The Compound Effect by Darren Hardy

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What should you do with an old 401(k)? Tim Ulbrich and Tim Baker explore your options, common pitfalls, rollover strategies, and how to make smart moves with old retirement accounts after leaving a job.

Summary

When you leave a job, what happens to the retirement account you left behind? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, take a deep dive into the important financial decisions surrounding old employer-sponsored retirement plans, such as 401(k)s and 403(b)s.

Tim and Tim discuss the impact these often-overlooked accounts can have on your overall financial plan and explore your available options, whether that’s leaving the money in your former employer’s plan, rolling it over to your new employer’s plan, or transferring it to an IRA.

They break down the pros and cons of each approach, highlight common mistakes like the “set it and forget it” trap, and explain why understanding fees and account access is so important. The conversation also emphasizes the value of working with a fiduciary advisor and the serious risks of cashing out these accounts too soon.

To complement the episode, they introduce YFP’s new guide: The Best and Worst Moves to Make with an Old 401(k), designed to help you avoid costly missteps and feel confident in your next move.

Whether you're changing jobs, planning ahead for a career transition, or simply want to be more intentional about your retirement savings, this episode will give you the clarity and guidance you need.

Mentioned on the Show

• First Horizon’s Pharmacist Home Loan
• Your Financial Pharmacist
• YFP Guide: Best & Worst Moves to Make With an Old 401(k)
• FIRE Rx: The Pharmacist’s Guide to Financial Independence
• YFP Episode 404: 5 Key Questions to Ask Before Hiring a Financial Planner
• Reference: 2024 Kitces Report on Financial Planning

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Quynh and Tri Vu, two professionals who transitioned from pharmacy and IT careers into real estate, share their journey into investing in raw, vacant land and building Secure Land Co.

Summary

Quynh and Tri Vu, two professionals who transitioned from pharmacy and IT careers into real estate, share their journey into investing in raw, vacant land in this episode of the YFP Real Estate Investing Podcast.

Joined by hosts Nate Hedrick, PharmD, and David Bright, PharmD, Quynh and Tri walk through their early steps in real estate, starting with single-family rentals and moving into the world of short-term rentals like Airbnbs. As their experience grew, so did their ambition, leading them to explore diverse markets and ultimately carve out a niche in the often-overlooked space of raw, vacant land.

They break down what makes land investing unique, detailing the due diligence required, the creative value-add strategies they use, and how they evaluate properties with potential. Along the way, they also share how they balanced their demanding careers while building a real estate portfolio, leaned on community and mentorship, and eventually took the leap into full-time investing through their business, Secure Land Co.

Whether you’re just getting started or looking to diversify your real estate strategy, this episode offers valuable insights, encouragement, and practical advice from two people who made the leap and never looked back.

Mentioned in Today’s Episode

• • Your Financial Pharmacist
  • Secure Land Co Website
  • Secure Land Co Instagram
  • Secure Land Co YouTube
  • YFP on Instagram
  • YFP Facebook Group

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Tim Ulbrich and Tim Baker answer two questions from the YFP community on using 529 funds for student loans and the most cost-efficient ways to invest in digital assets like Bitcoin.

Summary In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO Tim Baker, CFP®, RLP®, RICP®, to answer two insightful financial questions from the YFP community.

First, they explore whether it makes sense to use 529 plan funds to pay off student loans. Tim and Tim break down the relevant provisions of the SECURE Act, highlight key limitations and tax implications, and discuss scenarios where this strategy could be beneficial—or not.

Next, they tackle a question about buying Bitcoin efficiently. They compare the most cost-efficient ways to invest, including using various platforms, ETFs, and tax-advantaged accounts like IRAs. They also weigh the pros and cons of each approach, including fee structures, accessibility, and long-term considerations.

Whether you’re considering how to best use your 529 funds or exploring your first steps into cryptocurrency, this episode provides practical, pharmacist-specific guidance to help you make informed financial decisions.

Mentioned on the Show * YFP 368: How Much is Enough for Kids' College? * YFP 211: The Ins and Outs of the 529 College Savings Plan * YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner * YFP 386: Cryptocurrency & Digital Assets: Definitions, Origins, and Risks * YFP 387: Cryptocurrency & Digital Assets: Investment Considerations and Tax Implications

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Should you pay off your mortgage early? YFP Co-Founder & CEO, Tim Ulbrich, PharmD unpacks the math, emotions, and big-picture factors in the mortgage payoff debate—plus 5 reasons when it may or may not make sense to pay extra on your mortgage.

Summary Should you pay off your mortgage early? It’s a question that comes up often in personal finance—and the answer isn’t always as straightforward as the math suggests.

In this episode, YFP Co-Founder and CEO Tim Ulbrich, PharmD, unpacks the numbers, the emotions, and the bigger picture behind this important decision. Using a real-life example and the YFP Early Payoff Calculator, Tim walks through how even small extra payments can shave years off your loan term and save you thousands in interest.

But here’s the twist: despite the financial benefits, Tim has personally decided not to pay off his mortgage early. He shares his thought process along with five compelling reasons why making extra mortgage payments might make sense for others.

Whether you're deep into your mortgage or just getting started, this episode will help you evaluate your options and make a decision that aligns with your long-term goals.

Mentioned in Today’s Episode

• • YFP Early Payoff Calculator
  • YFP YouTube Channel
  • YFP Book a Discovery Call
  • YFP Disclaimer
  • Subscribe to the YFP Newsletter
  • Tim Ulbrich on LinkedIn
  • YFP on Instagram
  • YFP Facebook Group

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How do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down three common strategies for building a retirement paycheck — including how each works, who they’re best for, and the pros and cons to consider.

Summary

How do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, to explore three common retirement income strategies: the flooring strategy, bucket strategy, and systematic withdrawal strategy. Together, they break down how each approach works, who they’re best suited for, and the pros and cons you should consider. You’ll also hear insights on the emotional and psychological shifts that come with leaving behind a steady paycheck and the importance of building flexibility into your retirement plan.

Whether you're approaching retirement or just starting to think about your long-term goals, this episode will help you better understand how to create an income stream from your hard-earned assets.

📅 Ready to work one-on-one with a fee-only financial planner? Schedule a free discovery call at yourfinancialpharmacist.com to learn how our team can help.

Mentioned on the Show

• YFP Episode 189: Options for Investing When You’re Maxing Out Your Retirement Accounts
• YFP Episode 272: How Much is Enough?
• YFP Episode 273: Alphabet Soup of Retirement Accounts
• Die with Zero by Bill Perkins
• YFP Episode 305: Understanding Annuities - A Primer for Pharmacists
• YFP Episode 404: 5 Questions to Ask When Hiring Your Financial Planner
• YFP Blog: How Much You Need to Hang Up Your Coat: All About the 4% Rule
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Tim Baker on LinkedIn

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Tim Ulbrich, PharmD, and Tim Baker, CFP®, break down how to find the right financial planner—covering what planners really do, how they’re paid, and the questions to ask—so you can move forward with clarity and confidence.

This episode is brought to you by First Horizon.

Summary

Not sure who to trust with your finances—or if you even need a financial planner? In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP® dive into what a great financial planner does beyond providing investment advice, and how they can help you navigate life’s financial twists and turns.

Tim and Tim explain the different types of planners, how to spot someone working in your best interest, and the key questions to ask before hiring one. Plus, they break down common fee structures (like AUM, flat-fee, and hourly), the importance of the CFP® designation, and how to evaluate the return on your planning relationship.

Whether you’re hiring a planner for the first time, reevaluating your current setup, or just exploring what’s out there, this episode will give you the clarity and confidence to take the next step.

Mentioned on the Show

• YFP Nuts & Bolts Guide to Hire a Financial Planner
• Retirement Plans: Last Week Tonight with John Oliver
• Kitces Report on How Financial Planners Actually Do Financial Planning
• Broker Check
• YFP ADV
• The Investment Funds Institute of Canada. Financial Advice in Canada, November 2022.
• Vanguard: Putting a value on your value: Quantifying Vanguard Advisor’s Alpha®
• The Index Revolution by Charles Ellis
• Unshakeable by Tony Robbins
• The Behavioral Investor by Tony Robbins
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Tim Baker on LinkedIn

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Tim Ulbrich, PharmD, reflects on losing over $100,000 during recent market volatility and shares eight powerful, experience-driven lessons from two decades of investing to help listeners navigate the emotional and practical realities of building wealth.

This episode is brought to you by APhA.

Summary

In this episode, Tim Ulbrich, PharmD gets personal and shares how he lost over $110,000 in just five days.

Despite his professional background in personal finance, Tim candidly shares how challenging it was to write those numbers down—highlighting just how emotional and disorienting the recent market volatility can feel, even for seasoned investors.

Drawing on two decades of investing experience, Tim unpacks eight key lessons that go beyond theory. These aren’t just ideas from a textbook or strategies he’s shared with clients—they’re principles shaped and reinforced by real-life experience. From understanding loss aversion and the importance of diversification to recognizing one’s own risk tolerance, this episode offers practical insights for navigating the highs and lows of investing with confidence and resilience.

Mentioned on the Show

• APhA
• The Behavioral Investor by Daniel Crosby
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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In this episode, Julia Myers, pharmacist and founder of Generational Wisdom, shares her Family Constitution Blueprint, a tool to help families define values, build traditions, and create a lasting legacy. This episode is brought to you by First Horizon.

Summary

In this episode, Tim Ulbrich is joined by Julia Myers, a pharmacist and the founder of Generational Wisdom, a business born out of her own powerful story of transformation. Julia shares her Family Constitution Blueprint, a thoughtful and deeply practical tool that helps families clarify their core values, establish meaningful traditions, and create a vision that lasts for generations.

Julia shares:

• Why identifying your family’s values is a powerful first step toward legacy-building
• How to translate your intentions into everyday actions, especially in the midst of busy professional and family life
• And how pharmacists and healthcare professionals can use these principles to create more alignment, connection, and purpose at home

Whether you’re raising kids, managing a household, or just want to live with greater intention, this conversation will leave you inspired and equipped to take that next step.

About Today's Guest

Dr. Julia Myers is an international speaker, founder of Generational Wisdom, and a leading authority on teaching families how to talk to kids about money. Julia received her PharmD from University of Wyoming and her MBA from University of Tennessee. She spent nearly two decades as a board-certified pharmacist and distinguished health care executive before a career-ending diagnosis changed the trajectory of her life. Today, she blends wisdom and common sense to help parents navigate the pressures of raising kids without entitlement. As a mom of five, she brings both insight and authenticity to every stage she steps on.

Mentioned on the Show

• YFP 311: Raising Money Savvy Kids Episode 311 - Kids & Money
• Julia Myers
• Julia Myers: Family Constitution Blueprint
• Julia Myers on LinkedIn
• Julia Myers on Instagram
• First Horizon
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Attorney Colin Kalvas discusses PACE (Property Assessed Clean Energy) financing, including its origins, mechanisms, and applications for residential and commercial property owners.

Summary

In this episode, Colin Kalvas, a public finance and economic development attorney, joins Nate Hedrick, PharmD and David Bright, PharmD to explore the intricacies of PACE (Property Assessed Clean Energy) financing. They discuss its origins, mechanisms, and applications for both residential and commercial property owners.

About Today's Guest

Colin Kalvas is a public finance and economic development attorney with Bricker Graydon in Columbus, Ohio. Colin serves political subdivisions, financial institutions, developers, and special purpose districts in many different capacities. He represents clients on economic development incentives, public-private partnerships, project financing, municipal bonds, federal income tax law, securities law, contracts, property development, and governmental revenues.

Colin has been at the forefront of developing property assessed clean energy (PACE) financing in Ohio. His PACE efforts include serving as counsel to PACE administrators and energy special improvement districts, as well as serving as bond counsel and capital provider’s counsel to entities that finance energy efficiency and clean energy projects through PACE.

He is well known within the national PACE community and regularly speaks at national PACE conferences. He has extensive experience negotiating, documenting and closing PACE transactions, including as part of complex capital stacks. Colin is frequently called upon to advise PACE capital providers of all kinds on transactional best practices and documentation.

Mentioned on the Show

• PACENation
• Connect with Colin Kalvas on LinkedIn
• Email Colin Kalvas: ckalvas@gmail.com
• Your Financial Pharmacist
• YFP on Instagram
• YFP Facebook Group
• YFP YouTube Channel
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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Tim Ulbrich and Tim Baker tackle questions from the YFP community on life insurance needs for expectant parents and eligibility for direct Roth IRA contributions.

Summary

On today’s episode, YFP Co-Founders Tim Ulbrich, PharmD and Tim Baker, CFP tackle two important questions from the YFP community.

First, they dive into how to project your life insurance needs when welcoming a new baby into the family. Then, Tim and Tim break down how Modified Adjusted Gross Income (MAGI) is calculated to help you determine if you’re eligible for direct Roth IRA contributions.

If you have a question you’d like featured on an upcoming episode, visit yourfinancialpharmacist.com/askyfp or email info@yourfinancialpharmacist.com.

Mentioned on the Show

• Ask YFP a Question
• Email YFP a Question: info@yourfinancialpharmacist.com
• Life Insurance for Pharmacists: The Ultimate Guide
• YFP Rx Money Roundup #18: Can I do a backdoor Roth IRA myself?
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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In this episode, Tim Ulbrich chats with Anisha Patel, host of the Pharmacist Diaries podcast, about her journey through pharmacy, entrepreneurship, and personal growth, including her work at Oxford and Cleveland Clinic Abu Dhabi, and how launching her podcast during the pandemic opened new opportunities.

Summary

In this episode, Tim Ulbrich, YFP Co-Founder, is joined by Anisha Patel, host of the Pharmacist Diaries podcast, to discuss her inspiring journey through pharmacy, entrepreneurship, and personal growth.

Anisha’s story spans from growing up in a family of independent pharmacists in the UK to working at Oxford University Hospitals and Cleveland Clinic Abu Dhabi. She also shares how she launched her podcast during the pandemic, which has since grown into a global platform. In this conversation, Tim and Anisha dive into the power of storytelling in healthcare, the intersection of entrepreneurship and pharmacy, and how embracing non-traditional career paths can open doors to new opportunities.

About Today's Guest

Anisha Patel is a paediatric pharmacist turned podcaster and digital creator who's passionate about showcasing the limitless possibilities within healthcare careers. Through her podcast "The Pharmacist Diaries" (174+ episodes strong!), she shares stories of innovative pharmacists worldwide while building a community that breaks free from traditional career moulds.

After 14 years in clinical practice, including stints as the Abu Dhabi Grand Prix pharmacist and working in emergency services in the UAE, Anisha has embraced entrepreneurship to help other healthcare professionals find their voice through podcasting. When she's not recording episodes or coaching aspiring podcasters, you'll find Anisha planning global adventures with her family or sharing insights about designing a life of impact and freedom.

Mentioned on the Show

• Pharmacist Diaries
• Email: info@pharmacistdiaries.com
• Anisha Patel LinkedIn
• Pharmacist Diaries Instagram
• Pharmacist Diaries Facebook
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Ulbrich, YFP Co-Founder is joined by mortgage loan officer Tony Umholtz to discuss the mortgage process. They break down key steps, from getting pre-approved to closing, highlighting important considerations and common mistakes to avoid when buying a home.

This episode is brought to you by First Horizon.

Summary

In this episode, Tim Ulbrich, YFP Co-Founder and CEO is joined by Tony Umholtz, a mortgage loan officer with First Horizon Bank as they break down one of the biggest financial commitments you’ll ever make—buying a home.

Taking out a mortgage is a massive financial decision, one that can impact your life for decades. From getting pre-approved to signing those final papers at closing, there’s a lot to consider—and a lot of mistakes to avoid.

Tim and Tony walk listeners through the mortgage process step by step. They cover what you need to know before getting pre-approved, how the bank sets your max loan amount, and how to avoid common pitfalls throughout the process.

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

• YFP Mortgage Calculator
• YFP Episode 212: Common Credit Blunders to Avoid When Buying a Home
• YFP Episode 380: Understanding and Improving Your Credit
• YFP Article: 5 Easy Steps to Get a Home Loan…Even If You Don’t Have 20% Down
• First Horizon
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Tony Umholtz on LinkedIn

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In this episode, Tim Ulbrich, YFP CEO looks at three powerful areas for growing your income: maximizing your compensation, real estate investing, and building side hustles or businesses.

Summary

While cutting expenses is a key part of managing your finances, there's a limit to how much you can cut. The good news? Your income has no ceiling.

In this episode, Tim Ulbrich, YFP CEO, looks at three powerful areas for growing your income: maximizing your compensation, real estate investing, and building side hustles or businesses. Tim shares some personal experiences and examples from other pharmacists who have successfully diversified their income streams and created financial opportunities that go beyond the traditional 9-to-5 grind.

Mentioned on the Show

• YFP 126: Going Beyond Six Figures Through Medical Writing
• YFP 259: Building a Medical Writing Business with Megan Freeland
• YFP 171: How Austin Successfully Made the Financial Transition to New Practitioner Life
• YFP 280: How and Why This Pharmacist Pivoted to a Writing Career
• YFP 384: Beyond Salary: Negotiating Your Value in the Workplace
• YFP Real Estate Investing 46: Building a Family Business Around Motel Hacking
• YFP 362: Fatherhood, Family, and FIRE with Author Cory Jenks, PharmD
• YFP 359: Pharmacy Innovators with Jamie Wilkey, PharmD
• YFP 089: From Unemployed to Successful Pharmapreneur
• YFP 287: Monetizing Your Clinical Expertsie with Dr. Timothy Gauthier
• YFP 344: Beyond the ER: The Entrepreneurial Journey of Dr. Jimmy Pruitt
• YFP 217: How Kelley Used Her Clinical Expertise to Build a Business
• YFP 112: Why One PhD Pharmacist is Taking on Two Side Hustles
• YFP 379: Inspiring Bold Ideas: Career and Entrepreneurial Insights with Dr. Brooke Griffin
• YFP 180: How Allyson Used Her Pharmacy Skills to Build a Natural Skincare Company (started as a side hustle out of her house when working as a pharmacy admin at hospital)
• YFP 289: Building Pricklee with Pharmacy Entrepreneur Kun Yang
• YFP 243: A Non-Traditional Pharmacy Path from Pharmacist to Software Engineer to Entrepreneur
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Baker, CFP®, RICP®, RLP® and Tim Ulbrich, PharmD discuss the importance of maintaining a balanced asset allocation, the nuances of risk tolerance and capacity, and the different accounts you should be rebalancing.

Brought to you by First Horizon.

Summary

In this episode, Tim Baker, CFP®, RICP®, RLP®, and Tim Ulbrich, PharmD, explore the essentials of rebalancing your investment portfolio.

Tim and Tim discuss asset allocation, risk tolerance, and key accounts to rebalance. They also highlight common mistakes and effective rebalancing strategies for long-term investment success.

Mentioned on the Show

• First Horizon
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship.

Summary

In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship.

They break down how different approaches—whether merging finances completely, keeping some things separate, or managing everything individually—can impact your financial harmony. Through real-life insights, Tim and Tim highlight the power of open communication, understanding each other’s money habits, and creating a shared financial vision. They also discuss when and how a neutral third party can help navigate tough conversations.

No matter where you are in your relationship—just starting out, engaged, or years into marriage—this episode offers practical advice to help you and your partner build a financial plan that works for both of you.

Mentioned on the Show

• YFP YouTube Channel
• The 5 Money Personalities
• YFP Resource: 25 Financial Discussions for Partners
• YFP 127: A Widow’s Journey to Love, Happiness & Financial Independence
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Ulbrich & Nate Hedrick break down 2025 housing trends, agent tips & the new buyer’s agreement. Sponsored by Real Estate RPH.

Summary

Tim Ulbrich, YFP Co-Founder talks with Nate Hedrick, PharmD and Founder of Real Estate RPh as they break down the key trends shaping the 2025 housing market, from declining home sales to soaring interest rates. Nate shares what to look for in a real estate agent, why local market expertise matters, and how the new buyer’s agent agreement affects you.

This episode is brought to you by Real Estate RPH.

Mentioned on the Show

• YFP YouTube Channel
• YFP Real Estate Investing 132: Rent vs Buy
• YFP Real Estate Investing 118: Navigating the NAR News: Insights for Real Estate Investors
• YFP Episode 160: Navigating the Home Buying Process Through the Home Buying Concierge Service
• Real Estate RPh Home Buying Concierge
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• Nate Hedrick on LinkedIn
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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Tim Ulbrich, YFP Co-Founder welcomes back David Zgarrick, PhD to share his journey into "preferment," balancing retirement, financial planning, and staying engaged through teaching and consulting.

Summary

In this episode, Tim Ulbrich, YFP Co-Founder, welcomes back David Zgarrick, PhD, as he shares his journey into what he calls the "preferment phase" of life. Dr. Zgarrick opens up about his transition from academia to retirement, the joy of new routines, and the power of early financial planning. He highlights the importance of staying engaged—through consulting, teaching, and meaningful activities—while keeping financial health in check.

About Today's Guest

David P. Zgarrick, PhD, is Professor Emeritus in the School of Pharmacy and Pharmaceutical Sciences at Northeastern University. Prior to his retirement in 2022, his positions included Associate Dean of Faculty at Northeastern’s Bouvé College of Health Sciences, Acting Dean of the 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 PhD in Pharmaceutical Administration from The Ohio State University.

Dr. Zgarrick remains engaged in the profession of pharmacy, consulting with universities and teaching 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, was co-editor of the textbook Pharmacy Management: Essentials for All Practice Settings, 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 is 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 Board of Directors for twelve years in three different roles, including as Treasurer from 2016-22. Dr. Zgarrick also served 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

• Episode 291: Redefining Retirement with David Zgarrick, Ph.D.
• Facebook David Zgarrick
• LinkedIn David Zgarrick
• Instagram @davidzgarrick
• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Ulbrich talks with Nate Hedrick and David Bright as they break down the rent vs. buy dilemma in today’s market, tackling equity, flexibility, financial strategy, and key market insights.

Summary

Tim Ulbrich talks with real estate investors Nate Hedrick, PharmD and David Bright, PharmD as they dive into the rent vs. buy decision in today’s housing market, offering practical insights and real-life experiences. They explore the financial benefits of both options, the role of equity, and the flexibility renting provides. Their discussion highlights the importance of understanding local market dynamics, strategic use of home equity, and aligning decisions with personal and financial goals.

Mentioned on the Show

• YFP Real Estate Investing 131: Revisiting Our 2024 Projections and Looking Ahead to 2025
• NY Post Article “Here’s how much more a single-family home costs to buy than rent”
• Real Estate RPh Concierge Service
• NYT Rent vs Buy Calculator
• YFP YouTube Channel
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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YFP Co-Founders, Tim Ulbrich and Tim Baker answer two listener submitted questions about growing income and saving for your child’s college education.

Summary

In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP tackle two listener submitted questions. Cory from Arizona seeks advice on how pharmacists, in addition to cutting expenses, can increase their income to achieve their financial goals. Amanda from Minnesota, inquires about 529 college savings plans and balancing it with other financial priorities.

Mentioned on the Show

• YFP YouTube Channel
• YFP Blog: 19 Ways to Make Extra Money as a Pharmacist
• YFP 388: Entrepreneurial Journeys in Pharmacy: Lessons on Growth and Success
• YFP 384: Beyond Salary: Negotiating Yoru Value in the Workplace
• YFP Blog: 7 Things to Consider Before Starting a 529 Plan
• YFP 368: How Much is Enough for Kids College
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Baker, CFP®, and Tim Ulbrich, PharmD, share strategies to address fees, inflation, and taxes, helping you keep your investment portfolio fit and achieve your financial goals.

Summary

In this episode, Tim Baker, CFP® and Tim Ulbrich, PharmD discuss a crucial topic related to personal finance: keeping your investment portfolio fit.

Tim and Tim explore three silent threats to your investments—fees, inflation, and taxes. Learn practical strategies to manage fund fees, mitigate inflation's impact, and use tax-efficient approaches to safeguard your portfolio. Whether you're starting to save or nearing retirement, this episode delivers valuable tips to protect and grow your wealth.

Mentioned on the Show

• YFP YouTube Channel
• YFP Book a Discovery Call
• YFP 275: How to Build a Retirement Paycheck
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Ulbrich shares insights from seven financial books that shaped his journey, offering key lessons on saving, spending, mindset, and building wealth.

Summary

In this episode, Tim Ulbrich highlights seven impactful financial books that shaped his journey, including I Will Teach You to Be Rich by Ramit Sethi, Die with Zero by Bill Perkins, and Rich Dad, Poor Dad by Robert Kiyosaki. He shares key takeaways on topics like balancing saving and spending, adopting a wealth-building mindset, and spending for happiness.

Mentioned on the Show

• YFP on YouTube
• YFP 390: Financial Resolutions: Top 5 Moves for Pharmacists in 2025
• I Will Teach You To Be Rich by Ramit Sethi
• Die with Zero by Bill Perkins
• Rich Dad, Poor Dad by Robert Kiyosaki
• Tax Free Wealth by Tom Wheelwright
• The Millionaire Next Door by Dr. Thomas Stanley
• The Next Millionaire Next Door by Dr. Sarah Stanley Fallaw
• The Compound Effect by Darren Hardy
• The Total Money Makeover by Dave Ramsey
• Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton
• YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Tim Ulbrich, YFP Co-Founder, shares 5 key financial moves to align your goals, enjoy life now, and build a secure future.

Summary

In the first episode of the year, Tim Ulbrich, YFP Co-Founder, dives into strategies for aligning your personal and professional goals to make 2025 your best year yet. He shares five essential financial moves to help you strike the perfect balance between enjoying life today and building a secure future.

Learn actionable tips for setting meaningful financial goals, optimizing your tax planning, organizing your financial documents, automating your savings, and crafting a plan for continuous learning.

Mentioned on the Show

• YFP Podcast: How a Couple Left Their Careers to Travel the World
• YFP Blog: Career Break for Pharmacists: A Practical Guide on Taking a MIni-Retirement
• IRS Form 1040
• YFP Episode 309: Common Tax Blunders Pharmacists Make
• YFP Legacy Folder Checklist
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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David Bright and Nate Hedrick share their annual real estate predictions for the year ahead and reflect on trends of 2024.

Summary

Join hosts David Bright, PharmD and Nate Hedrick, PharmD as they close out 2024 with their third annual real estate investing predictions. Reflecting on their past forecasts for the year, they explore why rates and housing prices didn’t align with expectations and emphasize the importance of staying adaptable in a shifting market. David and Nate also share their personal investment plans for 2025.

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

• YFP Real Estate Investing Website
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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Tim Ulbrich, YFP CEO, celebrates over 2 million downloads of the YFP Podcast by sharing some of his favorite episodes and listener stories. He also previews exciting projects ahead in 2025 for YFP.

Summary

In this special year-end episode, host Tim Ulbrich reflects on a milestone year, celebrating over 2 million downloads of the YFP Podcast. He shares powerful listener stories, recaps his top three episodes of 2024—featuring topics like achieving financial success, landing scholarships, and entrepreneurial journeys in pharmacy—and offers a glimpse into what’s ahead for 2025.

Plus, don’t miss your chance to win a $100 Amazon gift card by submitting your show ideas to info@yourfinancialpharmacist.com by January 1st, 2025.

Celebrate with us, and gear up for an inspiring year of growth and success!

Mentioned on the Show

• YFP Podcast 365 - Millionaire Theme Hour: From $0 to Seven Figure Pharmacist
• YFP Podcast 372 - Rising Stars: Meet the YFP Gives Scholarship Winners
• YFP Podcast: 388 - Entrepreneurial Journeys in Pharmacy: Lessons on Growth and Success
• YFP Gives
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Four pharmacist entrepreneurs share their journeys from pharmacy to thriving businesses, offering tips, actionable advice and inspiration.

This episode is brought to you by APhA.

Summary

In this engaging panel discussion, four pharmacist entrepreneurs—Brooke Griffin, Jimmy Pruitt III, Kelley Carlstrom, and Natalie Park—share their unique paths from pharmacy to thriving businesses. Discover how they built their ventures, made strategic decisions, and overcame challenges along the way. Gain practical insights into audience building, pricing strategies, navigating sales, and balancing personal and professional growth.

Whether you're dreaming up a new idea or ready to expand your business, this episode is packed with actionable advice and inspiration to help you take the next step in your entrepreneurial journey.

About Today's Guests

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.

Brooke Griffin is a pharmacist, professor, keynote speaker, and professional coach. She offers group and 1:1 coaching for pharmacists who are feeling stuck and want clarity on their next steps. She hosts a motivational 5-minute podcast, Today's Bold Idea, and is on this self-discovery journey alongside all of you. She believes everyone deserves a coach!

Dr. Natalie Park is a co-founder and CEO of Pharmesol, an AI pharmacy assistant that automates inbound/outbound calls, messages, and associated workflows such as documentation to save the pharmacy teams time, streamlines operations, and gives 24/7 concierge-like experience for their customers. She is a pharmacist with a passion for leveraging technology and innovation in the pharmacy industry.

Jimmy Pruitt III, PharmD, BCPS, BCCCP, BCEMP, a pharmacist and entrepreneur, earned his Doctor of Pharmacy degree from Presbyterian College and completed residencies at Florida Hospital Orlando and Grady Health System. He founded EMPowerRX Conference and Pharmacy & Acute Care University (PACU) to innovate healthcare education and inspire pharmacists to pursue entrepreneurship. In 2021, he received the Excellence in Diversity award and was named Alumni of the Year at Presbyterian College. Dr. Pruitt is also an Emergency Medicine Clinical Pharmacy Specialist at Atrium Health and hosts the "Pharm So Hard" podcast, aiming to educate and elevate the pharmacy profession.

Mentioned on the Show

• Start by Jon Acuff
• Brooke Griffin on LinkedIn
• Kelley Carlstrom on LinkedIn
• Natalie Park on LinkedIn
• Jimmy Pruitt III on LinkedIn
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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Jeff Chheuy, a pharmacist turned real estate investor and content creator, shares his journey and success in real estate investing.

Summary

In this episode, David Bright and Nate Hedrick talk with Jeff Chheuy, a pharmacist turned full-time real estate investor. Jeff shares his journey into real estate investing and emphasizes the importance of finding the right market for short-term rentals, leveraging tools like Rabbu.com for market analysis, and the benefits of using professional design and photography, property management software. Jeff also shares the importance of mentorship and personal finance education.

About Today's Guest

Jeff Chheuy is a real estate investor and content creator focused on helping others achieve financial freedom and live a better life. After pivoting from his career as a pharmacist, Jeff built a portfolio of short-term and long-term rental properties generating over $10,000 per month in rental income. Through his platforms on Instagram and YouTube, Jeff shares insights on real estate investing, personal finance, and self-development, empowering his audience to take control of their financial futures.

Mentioned on the Show

• Jeff Chheuy on Instagram
• Teeco
• Rabbu.com
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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In today’s episode, we’re diving into one of Tim Baker’s favorite topics (cue sarcasm and an annoyed face): backdoor Roth IRAs. You’ve probably heard the term thrown around, but what exactly is a backdoor Roth IRA, and is it something you should consider? More importantly, should you tackle it on your own or leave it to the professionals?

We break down the basics of what a backdoor Roth IRA is, who it might benefit, and the potential pitfalls to watch out for.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• YFP Book a Discovery Call: Financial Planning Services
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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In part two of their cryptocurrency series, YFP Co-Founders Tim Baker and Tim Ulbrich discuss spot Bitcoin ETFs, the IRS's stance on cryptocurrency, and strategies for incorporating digital assets into long-term portfolios.

This episode is brought to you by First Horizon.

Summary

This week in part two of the series on cryptocurrency and digital assets, YFP Co-Founders Tim Baker, CFP and Tim Ulbrich, PharmD explore the recent introduction of spot Bitcoin ETFs and how they differ from investing directly in Bitcoin. Tim and Tim also discuss the IRS's perspective on cryptocurrency and key considerations for including digital assets in your portfolio as part of a long-term investment strategy.

Mentioned on the Show

• YFP Podcast #386: Cryptocurrency & Digital Assets: Definitions, Origins, and Risks
• First Horizon Pharmacist Home Loan
• YFP Book a Discovery Call
• YFP Disclaimer
• Ask a financial question to YFP
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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In this episode, YFP Co-Founders Tim Baker and Tim Ulbrich break down the intricacies of 401(k) loans, explaining how they function, how interest is calculated, and the key factors to consider when determining if they're a smart financial decision.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• YFP Book a Discovery Call: Financial Planning Services
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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Naeem Farokhnia, an engineer-turned-real estate investor and CEO of TheSFPropertyManagement Inc, shares his journey into real estate investing to eventually launching his own property management company.

Summary

In this episode, hosts Nate Hedrick and David Bright welcome Naeem Farokhnia, an engineer-turned-real estate investor and founder and CEO of TheSFPropertyManagement Inc, a technology enabled property management company providing top notch services to tenants and landlords.

Nareem shares his inspiring journey of moving to the U.S. and eventually launching his property management company. He dives into the challenges of managing properties in high-risk neighborhoods, the value of vetting tenants and property managers, and how technology, like virtual tours, has transformed his operations.

About Today's Guest

Naeem Farokhnia is a serial entrepreneur with 19 years of experience in engineering and technology working at high growth startups and fortune 500 companies.

Farokhnia worked at Vicor Corporation for a stint before joining Apple on their Power Management and MacBook Pro teams as an Engineer.

Farokhnia is now the founder and CEO of TheSFPropertyManagement Inc, a technology enabled property management company providing top notch services to tenants and landlords. His company has managed over 100 doors and 1,000 tenants combined. Naeem entered the multifamily space through his company, The Multifamily Holdings, where he helps business owners and engineers who are worried about stock market volatility and want more stability in their investments to passively invest in real estate without the hassle of managing properties, finding tenants, or handling maintenance and repairs.

Mentioned on the Show

• YFP Real Estate Investing 109: How Two Pharmacists Pay No Income Tax Through Real Estate
• https://themultifamilyholdings.com
• Naeem Farokhnia on LinkedIn
• YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing Website
• Nate Hedrick on Instagram
• David Bright on Instagram
• Nate Hedrick on LinkedIn
• David Bright on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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Tim Ulbrich and Tim Baker discuss cryptocurrency, examining its advantages like decentralization and transparency and risks such as volatility and regulatory uncertainty.

Summary

In this first episode of a two-part series on cryptocurrency and digital assets, YFP Co-Founders Tim Ulbrich and Tim Baker explore the world of digital finance and its relevance in today’s financial landscape. Tim and Tim unpack essential terms and explore how the 2008 financial crisis served as a catalyst for the rise of cryptocurrency, with Bitcoin leading the charge.

The discussion highlights the unique advantages of digital assets, such as decentralization, transparency, and their fixed supply, contrasting these features with traditional currencies. Tim and Tim also address critical risks, including market volatility, security concerns, and regulatory uncertainties.

Mentioned on the Show

• Whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System”
• Too Big to Fail by Andrew Ross Sorkin
• YFP Book a Discovery Call
• YFP Disclaimer
• Ask a financial question to YFP
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show

• First Horizon
• YFP Planning
• David Burkus
• Friend of a Friend: Understanding the Hidden Networks that can Transform Your Life and Your Career by David Burkus
• David Bukus’ TED Talk
• Nicholas Christakis
• James Fowler
• Duncan Watts
• How to Win Friends & Influence People by David Carnegie
• Adam Rifkin
• Derek Coburn
• Levitate
• Contactually
• Ronald Burt
• Adam Grant
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• YFP Book a Discovery Call: Financial Planning Services
• YFP Life Insurance for Pharmacists: The Ultimate Guide
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Your Financial Pharmacist Book a Discovery Call
• Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss
• SHRM (Society for Human Resource Management)
• Journal of Experimental Social Psychology
• YFP Disclaimer
• Ask a financial question to YFP
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show:

• YFP Budget Template
• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Episode 380: Understanding and Improving Your Credit
• IRS Form 1040 (Individual Income Tax Return)
• YFP 309: Top 10 Tax Blunders Pharmacists Make
• YFP Blog: Life Insurance for Pharmacists: The Ultimate Guide
• YFP Blog: Disability Insurance for Pharmacists: The Ultimate Guide
• Caring.com 2023 Wills and Estate Planning Study
• Episode 310: Dusting Off the Estate Plan
• YFP Legacy Folder Checklist
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show:

• Ramsey: The 7 Baby Steps
• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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.

Mentioned on the Show

• YFP Real Estate Investing Website
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• YFP 082: Debt Free Theme Hour with the Teacher and Pupil
• YFP Episode 177: New Book: Baker’s Dirty Dozen Principles for Financial Independence
• I Will Teach You to be Rich by Ramit Sethi
• Baker’s Dirty Dozen Principles for Financial Independence
• Joe Baker on LinkedIn
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Book a Discovery Call
• YFP Disclaimer

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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.

Mentioned on the Show

• YFP Home Buying Resource Page
• YFP Episode 380 - Understanding & Improving Your Credit
• Tony Umholtz
• First Horizon
• Tony Umholtz on LinkedIn
• Tony Umholtz on Instagram
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP on Instagram
• YFP Facebook Group
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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?”

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Intuit CreditKarma
• FICO
• Vantage Score
• YFP Book a Discovery Call
• YFP Disclaimer
• Ask a financial question to YFP
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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.

Mentioned on the Show

• *Register for Aliquot Investing Webinar: “Small Investments in Big Real Estate Deals” October 7th at 9pm/EST
• DLP Capital
• info@dlpcapital.com
• Rich Delgado on LinkedIn
• Rich Delgado: Rich.Delgado@dlpcapital.com
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• First Horizon Pharmacist Home Loan
• “Aliquot Investing: Small Investments in Big Real Estate Deals” Webinar on October 7th at 9pm/Eastern
• Griffin B, Vest K, Pohl S, Mazan J, Winkler S. Part-time and job-share careers among pharmacy practice faculty members. Am J Pharm Educ. 2014 Apr 17;78(3):49.
• Destruct Yourself Podcast with Whitney Johnson
• Bold Idea Facebook Group
• Brooke Griffin LinkedIn
• Bold Idea Group
• Today’s Bold Idea Podcast
• The Pharmacist's Voice®
• Looking for other episodes on pharmacist businesses or side hustles?
  • Episode 352: Pharmacy Innovators with Kelley Carlstrom, PharmD, BCOP
  • Episode 307: Pharmacy Innovators with Dr. Izabella Wentz (The Thyroid Pharmacist)
  • Episode 327: Pharmacy Innovators with Dr. Natalie Park (Pharmesol)
  • Episode 289: Building Pricklee with Pharmacy Entrepreneur Kun Yang
  • Episode 287: Monetizing Your Clinical Expertise with Dr. Timothy Gauthier
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Register for YFP webinar on October 7th at 9pm EST: Aliquot Investing: Small Investments in Big Real Estate Investing
• YFP Free Guide: Retirement Roadblocks: Identifying and Managing 10 Common Risks
• YFP Episode 291:Redefining Retirement with Professor Emeritus David Zgarrick, PhD
• YFP Episode 296: 5 Key Decisions for Long Term Care Insurance
• YFP Episode 321: Navigating Financial Conversations with Aging Parents
• Social Security
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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?"

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• YFP Real Estate Investing Webinar: Syndication 101 on October 7 at 9pm/E
• Aliquot Group
• Doctor Flipper
• Kamren Gallon on Instagram
• The 10x Rule by Grant Cardone
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• YFP Financial Fitness Test
• YFP Podcast 376: From Student Debt to Financial Freedom: How Brandon Paid Off $160k
• YFP Podcast 375: Breaking New Ground: Emmanuel Ayanjoke’s Vision for Altev Community Pharmacy
• YFP Podcast 365:Millionaire Theme Hour: From $0 to 7 Figure Pharmacist
• Rich Dad Poor Dad by Robert Kiyosaki
• I Will Teach You to Be Rich by Ramit Sethi
• The Millionaire Next Door by Tom Stanley
• Money Master the Game by Tony Robbins
• Seven Figure Pharmacist by Tim Church & Tim Ulbrich
• Studentaid.gov
• YFP Toolbox
• YFP Life Insurance for Pharmacists: The Ultimate Guide
• YFP Disability Insurance for Pharmacists: The Ultimate Guide
• The Go-Giver by Bob Burg
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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.

Mentioned on the Show:

• BLS Pharmacist Data
• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Brandon Gerleman on LinkedIn
• APhA Membership Discount with coupon code YFP
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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.

Mentioned on the Show

• Greg Zinis on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• Emmanuel Ayanjoke LinkedIn
• Altev Community Pharmacy
• Project Oasis
• NCPA Survey
• The Dip by Seth Godin
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• YFP+
• https://pharmacytechscholar.com
• https://themedicineguy.com
• Aaron Emmel, PharmD on LinkedIn
• Dr. Emmel on X
• Corrie Sanders, Huna Health on Instagram
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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?"

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP 329: Medicare Selection & Optimization
• YFP 296: 5 Key Decisions for Long-Term Care Insurance
• YFP Blog: Why I’m Not Using My Health Savings Account (HSA) for Medical Expenses

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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:

• How to determine if you’re ready to buy
• Getting clear on what is most important in a home purchase
• Key individuals to have on your homebuying team
• Factors to consider in choosing a loan
• What is/not negotiable in today’s market
• What to know when it comes to inspections, insurance, and closing

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

• New York Times Rent vs Buy Calculator
• Real Estate RPh
• YFP Find an Agent
• YFP Homebuying Quick Start Guide
• YFP Real Estate Investing Podcast Episode 124: Insurance Updates and Scaling a Business with Bryan Neal
• YFP Podcast Episode 361: Four Timely Questions for Homebuyers
• YFP Podcast Episode 353: Avoiding the Trap of House Poor: Evaluating the True Cost of Home Ownership
• YFP Podcast Episode 348: 2024 Housing Market Trends, Buy Now vs. Wait, & Assumable Rate Mortgages
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• Nate Hedrick on LinkedIn

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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.

Mentioned on the Show:

• The Millionaire Next Door by Dr. Tom Stanley
• Submit a Question to Be Featured on Rx Money Roundup
• YFP Fee-Only Financial Planning
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• YFP Gives
• Ruth Adeyemi LinkedIn
• Alyssa Falleni LinkedIn
• Perrigrine Garner LinkedIn
• Momitul Talukdar LinkedIn
• Ruth Adeyemi Links:
  • https://sarmlife.com/
  • Books
    • [Mastering the Art of Blogging for Your Brand]
    • [Mastering the Art of SEO for Brand Growth]
    • [Book Bundle - Discounted Price for purchasing both books]
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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:

• Submit a Question to Be Featured on Rx Money Roundup
• YFP Fee-Only Financial Planning
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Toolbox: https://yourfinancialpharmacist.com/toolbox
• YFP Planning
• The Millionaire Next Door by Tom Stanley
• YFP Compound Interest Calculator
• YFP Podcast Episode 351: Legacy Planning 101: How to Build Your Legacy Folder and Why It’s Important
• The Compound Effect by Darren Hardy
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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:

• USA Today Article: “Do we really need $1M in retirement savings? Not even close, one top economist says”
• Survey of Household Economics and Decisionmaking, Board of Governors of the Federal Reserve System
• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• YFP Real Estate Investing Podcast #14: Protecting Your Investments
• TrebleStone Insurance
• TrebleStone on Instagram
• TrebleStone on Facebook
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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:

• How to determine the optimal amount to save for retirement
• Strategies for dealing with market downturns during retirement
• How different investment options impact retirement savings

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

• First Horizon’s Pharmacist Home Loan
• Die with Zero by Bill Perkins
• YFP Retirement Planning Series (Episodes 272-275):
  • YFP Episode 272: How Much is Enough? (Retirement Planning)
  • YFP Episode 273: Alphabet Soup of Retirement Accounts (Retirement Planning)
  • YFP Episode 274: Risk Tolerance vs Capacity (Retirement Planning)
  • YFP Episode 275: How to Build a Retirement Paycheck (Retirement Planning)
• YFP Episode 305: Understanding Annuities: A Primer for Pharmacists
• YFP Free Guide: Retirement Roadblocks: Identifying and Managing 10 Common Risks
• The Power of Working Longer (2018, Stanford Institute for Economic Policy Research)
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Tim Baker on LinkedIn

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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

• YFP Podcast 165: The Power of a Health Savings Account
• YFP Blog: Why I’m Not Using My Health Savings Account to Pay for Medical Expenses
• YFP Tax - www.yfptax.com
• Your Financial Pharmacist
• Your Financial Pharmacist on Facebook
• Your Financial Pharmacist on Instagram
• Tim Ulbrich on LinkedIn
• Sean Richards on LinkedIn
• YFP Disclaimer
• YFP Newsletter

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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

• First Horizon Pharmacist Home Loan
• YFP 211: The Ins and Outs of the 529 College Savings Plans
• YFP 195: How to Save for Your Child’s Education
• YFP Blog: 7 Things to Consider Before Starting a 529 Plan
• YFP Gives - www.yfpgives.org
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Tim Baker on LinkedIn

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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

• YFP Real Estate Investing Podcast 61: Keeping vs. Selling in a Hot Market
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• Website - https://helensairany.com/
• Certificate Training Program - https://helensairany.com/certificate-training/
• Trading Grenades for Candy by Dr. Helen Sairany
• The We You Don’t See by Dr. Helen Sairany
• The Myth of Normal by Gabor Mate
• Register for July 24th 12-1pm YFP/APhA Webinar: Retirement Income Planning: How Much is Enough and How to Pay Yourself In Retirement (With Live Nest Egg Calculation)
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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

• Learn More About Your Financial Pharmacist and Book a Free Discovery Call
• Episode 329: Medicare Selection & Optimization featuring Certified Insurance Counselor, Josh Workman
• Episode 296: 5 Key Decisions for Long-Term Care Insurance
• Episode 321: Navigation Financial Conversation with Aging Parents
• Episode 305: Understanding Annuities: A Primer for Pharmacists
• Free to Focus by Michael Hyatt
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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

• Mike Byers on Instagram: DIYRentalGuy
• Mr. Money Mustache
• YFP Real Estate Investing Podcast 119: House Hacking with the House Hacking MD
• YFP Podcast 354: From PharmD to Debt Free to FIRE
• Rich Dad, Poor Dad by Robert Kiyosaki
• Die with Zero by Bill Perkins
• Millionaire Next Door by Tom Stanley
• Bigger Pockets
• Tax Free Wealth by Tom Wheelwright
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• YFP on Instagram
• YFP Facebook Group

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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

• YFP Real Estate Investing Podcast 120: Deep Dive: Use Conversion
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• Pharm to Tables
• Dr. John Muchka on LinkedIn
• Pharm to Tables on Facebook
• First Horizon Pharmacist Home Loan
• YFP Gives
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• YFP on Instagram
• YFP Facebook Group

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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

• Tom Ulbrich on LinkedIn
• Tom Ulbrich’s Newsletter: Soar, Don’t Settle
• The Medici Effect by Frans Johansson
• Happy Money by Ken Honda
• I Will Teach You to Be Rich by Ramit Sethi
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• YFP Planning
• YFP 134: One Couple’s Coast FI Journey
• YFP 196: How Cory Uses Improv to Create a Better Healthcare Experience
• YFP 356: How to Successfully Navigate Finances with Your Partner
• I Guess I’m A Dad Now by Cory Jenks
• Cory Jenks
• Cory Jenks on LinkedIn
• Cory Jenks on Instagram
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• First Horizon Pharmacist Home Loan
• YFP Podcast 348:2024 Housing Market Trends, Buy Now vs. Wait, & Assumable Rate Mortgages
• YFP Podcast 353: Avoiding the Trap of House Poor: Evaluating Cost of Home Ownership
• Tony Umholtz
• First Horizon
• Tony Umholtz on LinkedIn
• Tony Umholtz on Instagram
• Tim Ulbrich on LinkedIn
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• YFP Planning: Fee-Only Financial Planning for Pharmacists

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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

• YFP Real Estate Investing 102: Navigating Today’s Market with Economist Alex Cartwright, PhD
• YFP Real Estate Investing 120: Deep Dive: Converting to Highest and Best Use
• HotelShift
• Alex Cartwright on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• RxTeach
• YFP Gives
• YFP Planning
• Huberman Lab Podcast
• Brentsen Wolf, Pharmd on LinkedIn
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

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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

• Jamie Wilkey, Linkedin
• Jamie Wilkey, Instagram
• YFP+
• Corrie Sanders, Huna Health on Instagram
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer

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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

• Financial Moves to Make as a Mid-Career Pharmacist
• YFP Financial Planning
• YFP Podcast 357: Emergency Fund Check Up: 5 Questions You Must Answer
• YFP Podcast 272:How Much is Enough? (Retirement Planning)
• Social Security Resource
• YFP Podcast 310:Dusting Off the Estate Plan
• YFP Podcast 321: Navigating Financial Conversations with Aging Parents
• Your Financial Pharmacist
• YFP+
• Subscribe to the YFP Newsletter
• Tim Baker on LinkedIn
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• Financial Moves to Make as a Mid-Career Pharmacist
• YFP Financial Planning
• YFP Podcast 357: Emergency Fund Check Up: 5 Questions You Must Answer
• YFP Podcast 272:How Much is Enough? (Retirement Planning)
• Social Security Resource
• YFP Podcast 310:Dusting Off the Estate Plan
• YFP Podcast 321: Navigating Financial Conversations with Aging Parents
• Your Financial Pharmacist
• YFP+
• Subscribe to the YFP Newsletter
• Tim Baker on LinkedIn
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• Subscribe to the YFP Newsletter
• YFP Real Estate Investing Podcast episode 102: Navigating Today’s Market with Economist Alex Cartwright, PhD
• YFP Plus
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• Your Financial Pharmacist
• First Horizon Pharmacist Home Loan
• YFP+
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• Money Couple Money Personality Assessment
• 25 Financial Discussions for Partners
• I Will Teach You to Be Rich by Ramit Sethi
• Learn more about YFP Planning
• First Horizon Pharmacist Home Loan
• YFP+
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• YFP+
• YFP Gives Scholarship
• Register for This Free Webinar: Your Checklist for Buying a Home in 2024
• YFP Budget Template
• YFP Financial Fitness Test
• YFP Podcast Episode 165: The Power of a Health Savings Account (HSA)
• YFP Blog: Why I’m Not Using My Health Savings Account to Pay for Medical Expenses
• YFP Podcast Episode 272: How Much is Enough (Retirement Planning)
• YFP Planning
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• MD House Hacking
• MD House Hacking on Instagram
• Dr. Gupta on LinkedIn
• YFP Real Estate 113: Short Term Rental Tax Loophole
• Bigger Pockets Podcast
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• YFP 014: Turning Student Debt Frustration Into Action
• YFP/APhA Webinar: Money Moves: How to Evaluate Benefits Packages and Job Offers (With Live Insight on Real Pharmacist Job Offers!) on April 17, 2024
• YFP Planning
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• YFP Webinar on April 25th at 8:30pm EST “Your Checklist for Buying a Home in 2024” with Nate Hedrick
• Real Estate RPh
• YFP Home Buying Resources
• YFP REI Podcast: Navigating the NAR New: Insights for Real Estate Investor
• YFP Planning
• Subscribe to the YFP Newsletter
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Disclaimer

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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

• YFP Podcast 217: How Kelley Used Her Clinical Expertise to Build a Business
• KelleyCPharmD: Oncology Training for Pharmacists
• Kelley Carlstrom on LinkedIn
• Corrie Sanders, Huna Health on Instagram
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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

• NAR Press Release
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• YFP Legacy Folder Checklist
• YFP 222:Why Estate Planning is Such an Important Part of the Financial Plan
• YFP 310: Dusting Off Your Estate Plan
• YFP Net Worth Tracking Sheet
• The Millionaire Next Door by Tom Stanley
• Check your Social Security Statements
• Financial Peace University
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• IDStewardship.com
• LearnAntibiotics.com
• YFP 217: How Kelley Used Her Clinical Expertise to Build a Business
• KelleyCPharmD
• Pharmacy & Acute Care University
• Follow IDstewardship on Instagram: @idstewardship
• Follow IDstewardship, Antibiotic Stewardship & Pharmacy Education on Facebook
• Follow IDstewardship on Twitter: @IDstewardship
• Tim Ulbrich on LinkedIn
• Your Financial Pharmacist Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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 REI 113: Short Term Rental Tax Loophole
• YFP REI 115: What is REPS?
• YFP 109: How Two Pharmacists Pay No Income Tax Through Real Estate
• YFP REI 96: Managing Risk and Taxes through a Real Estate Team with Thomas Castelli
• Bigger Pockets
• Tax Smart REI Podcast
• The Road to Serfdom
• Replace Your Income by Brian Boyd
• Brian Boyd on Instagram
• Brian Boyd on Facebook
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

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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

• Episode 272 - How Much is Enough
• YFP Planning - www.yfpplanning.com
• YFP+ - yourfinancialpharmacist.com/membership
• Subscribe to the YFP Newsletter
• YFP Open House on March 14, 2024 at 8:30pm EST - yourfinancialpharmacist.com/openhouse
• YFP Disclaimer
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn

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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

• Subscribe to the YFP Newsletter
• Tony Umholtz
• First Horizon
• Tony Umholtz on LinkedIn
• Tony Umholtz on Instagram
• First Horizon Pharmacist Home Loan
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

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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

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with David Zgarrick on LinkedIn
• Retirement Stepping Stones: Find Meaning, Live with Purpose, and Leave a Legacy by Tony Hixon
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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

• Your Financial Pharmacist Financial Fitness Test
• YFP Budget Template
• Budgeting Blueprint Webinar
• YFP 341: 5 Financial Moves to Make in 2024
• The Millionaire Next Door by Dr. Thomas Stanley
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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

• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn
• YFP REI 68
• All the Hacks Podcast
• Bigger Pockets Podcast
• YFP REI 115: What is Real Estate Professional Status (REPS)?
• DiSC Profile Assessment
• Morning Brew Properties
• Morning Brew Properties Instagram

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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

• YFP 341: 5 Financial Moves to Make in 2024
• YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door
• I Will Teach You To Be Rich by Ramit Sethi
• Die with Zero by Bill Perkins
• Rich Dad, Poor Dad by Robert Kiyosaki
• Tax Free Wealth by Tom Wheelwright
• The Millionaire Next Door by Dr. Thomas Stanley
• The Next Millionaire Next Door by Dr. Sarah Stanley Fallaw
• The Compound Effect by Darren Hardy
• The Total Money Makeover by Dave Ramsey
• Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

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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

• EMPowerRx Conference 2024 (use code YFP2024 for 15% off registration)
• YFP Episode 284
• Start by Jon Acuff
• Procrastinate on Purpose by Rory Vaden
• Your Financial Pharmacist
• Your Financial Pharmacist on Facebook
• Your Financial Pharmacist on Instagram
• Tim Ulbrich on LinkedIn
• Jimmy Pruitt on LinkedIn
• YFP Disclaimer
• YFP Newsletter
• Pharm So Hard Podcast

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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.

Mentioned on the Show

• YFP Tax
• Tax Checklist
• Your Financial Pharmacist
• Your Financial Pharmacist on Facebook
• Your Financial Pharmacist on Instagram
• Tim Ulbrich on LinkedIn
• Sean Richards on LinkedIn
• YFP Disclaimer
• YFP Newsletter
• Book a discovery call with Tim Baker

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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

• Subscribe to the YFP Newsletter
• YFP Disclaimer
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn
• YFP Tax
• YFP Real Estate Investing Podcast: Episode 109
• YFP Real Estate Investing Podcast: Episode 113

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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

• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing Podcast
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Real Estate RPh
• YFP Real Estate Concierge Service
• BiggerPockets
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• Nate Hedrick on LinkedIn

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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

• January 8th webinar
• YFP Bonus Episode: How A Couple Left Their Careers to Travel the World
• YFP 079: Is It Time to Redefine Retirement w/ Nick Ornella
• IRS Form 1040 (2023)
• YFP 309: Top 10 Tax Blunders Pharmacists Make
• YFP Tax
• Subscribe to the YFP Newsletter
• I Will Teach You To Be Rich by Ramit Sethi
• Financial Peace University
• Ally Banking
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

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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

• Rental Market Trends in the US
• Three (Likely Wrong) Predictions for 2023 Real Estate
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn
• Real Estate RPH

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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

• Retire by 45
• Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement by Dylin Redling and Allison Tom
• Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling and Allison Tom
• Register for the Free Webinar: Developing an Investing Plan for Financial Independence
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• Retire by 45 Blog
• Our $10K Investment Experiment: Testing 5 Very Different Options Over 12 Months
• YFP Planning: Financial Planning for Pharmacists
• The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J. L. Collins
• I Will Teach You To Be Rich by Ramit Sethi
• Follow Retire by 45 on Instagram: @retire_by_45
• Follow Retire by 45 on Twitter: @retire_by_45
• Join the YFP Facebook Group
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram

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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

• YFP Planning
• Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss
• SHRM (Society for Human Resource Management)
• Journal of Experimental Social Psychology
• Join the YFP Facebook Group
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• Tim Baker on LinkedIn

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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

• Subscribe to the YFP Newsletter
• The Pharmacist Coach®
• Subscribe to the YFP Newsletter
• Christina’s LinkedIn
• Monetize Your Magic Facebook group
• Christina’s Books
• The Pharmacist Coach on Instagram
• Christina’s YouTube Channel
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

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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

• Amanda Han
• Amanda Han on LinkedIn
• Amanda Han on Instagram
• Amanda Han on X
• Matt McFarland LinkedIn
• Keystone CPA, Inc.
• The Book on Tax Strategies for the Savvy Real Estate Investor
• ‘Episode 109: How Two Pharmacists Pay No Income Tax through Real Estate’
• ‘Episode 18: Tax Strategies for Real Estate Investing’
• Animals for Armed Forces
• Airbnb
• Vrbo
• ‘Episode 54: Using Cost Segregation to Optimize Real Estate Tax Benefits’
• Nate Hedrick on Instagram
• David Bright on Instagram
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group

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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

• Subscribe to the YFP Newsletter
• Tony Umholtz
• First Horizon
• Tony Umholtz on LinkedIn
• Tony Umholtz on Instagram
• First Horizon Pharmacist Home Loan
• YFP 285: Cracking the Code on Home Buying Loan Options
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Real Estate Investing Facebook Group
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

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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

• The Happy PharmD
• Alex Barker on LinkedIn
• The War On Normal People by Andrew Yang
• Subscribe to the YFP Newsletter

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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

• Awaken the Giant Within
• Tony Robbins Coaching Website – Team Adam Martin
• Dr. Adam Martin LinkedIn
• Blueberry Pharmacy
• Subscribe to the YFP Newsletter

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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

• YFP REI Ep 86
• LoopNet
• Connect with Steven Nguyen on YouTube
• Follow Steven Nguyen on Instagram: @makingmultifamilymoney
• Follow Steven Nguyen on TikTok: @makingmultifamilymoney

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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

• Thomas Dauber on LinkedIn
• Abundant Vision Philanthropic Consulting
• Bowling Green State University
• Central Iowa Youth for Christ
• Ohio State University at the College of Dentistry
• Tax Exempt Organization Search
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter

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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

• Sean Richards on LinkedIn
• First Horizon’s Pharmacist Home Loan
• Profit First
• Simple Numbers, Straight Talk, Big Profits!
• YFP Tax
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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 a question from an individual in the YFP Facebook Group.

Mentioned During the Show

• YFP Facebook Group
• YFP Life Inusurance for Pharmacists: The Ultimate Guide

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/

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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

• Lan Ho on LinkedIn
• Lan Ho on X
• Lan Ho on Instagram
• Fat Miilk Vietnamese Coffee
• Gordon Ramsay’s Food Stars
• Truffl
• Pyrls
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter

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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

• Jack Bowers on LinkedIn
• Jack Bowers Email
• Jack Bowers Phone — (330) 848-7203
• Union Home Mortgage
• Ohio Housing Finance Agency
• Ohio Heroes
• Grants for Grads Program
• Apply for Grants for Grads
• YFP REI 95: Investing Ideas: House Hacking, 401k Real Estate, and Glamping
• YFP REI 85: Pharmacist House Hacking in a HCOL State
• YFP REI 30: Short-Term Rental House Hacking
• YFP REI 10: Getting Started Through House Hacking
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group

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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.

Mentioned on the Show

• Jackie Boyle on LinkedIn
• Paul Boyle on LinkedIn
• YFP Planning: Fee-Only Financial Planning for Pharmacist
• Subscribe to the YFP Money Matters Newsletter

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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.

Mentioned on the Show

• Brenna Roth, MD, MPH on LinkedIn
• Federal Student Aid
• YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven
• Episode Sponsor: First Horizon
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• Tim Baker on LinkedIn
• Tim Ulbrich on LinkedIn
• YFP Disclaimer
• Subscribe to YFP Newsletter

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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.

Mentioned on the Show

• Joshua Workman on LinkedIn
• Joshua Workman Email Address
• McMichael Insurance
• Use Coupon Code YFP to Get 25% off at APhA Membership
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• Tim Ulbrich on LinkedIn
• YFP Disclaimer
• Subscribe to the YFP Newsletter

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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

• Episode 50: Deep Dive Into Spreadsheet Analysis
• Episode 75: Market Check-In: Is BRRRR Dead?
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• YFP Real Estate Investing Facebook Group

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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

• YFP Planning: Financial Planning for Pharmacists
• Book a free Discovery Call with YFP Planning
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs
• Your Financial Pharmacist
• YFP 165: The Power of a Health Savings Account
• Why I’m Not Using My Health Savings Account to Pay for Medical Expenses
• Ask a YFP CFP© #84: What can I do about the fees on my HSA account?
• YFP 074: Evaluating Your 401k Plan
• YFP 208: Why Minimizing Fees On Your Investments Is So Important
• Your Financial Pharmacist Disclaimer and Disclosures

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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 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/

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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

• Dr. Natalie Park on LinkedIn
• Dr. Natalie Park Email Address
• Pharmesol
• Entrepreneurs Roundtable Accelerator Demo Day
• Pyrls
• Dr. Corrie Sanders on LinkedIn
• YFP Disclaimer

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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.
• Britny Brown, PharmD, BCOP is a Clinical Associate Professor at the University of Rhode Island. Her clinical practice site is Smilow Cancer Center in Westerly, RI, where she focuses on the management of patients receiving oral anticancer therapy. Britny also has a passion for health equity. She is co-chair of the Diversity and Globalization Committee within URI’s College of Pharmacy, is a leadership team member for PharmGradWishlist, and is a member of the HOPA DEI Advisory Group.

Mentioned on the Show:

• PharmGradWishlist
• JAPhA Article: ‘Brighter Horizons: The Necessity of Concentrated Sponsorship Targeted Toward Minoritized Student Pharmacists’
• PharmGradWishlist Email Address
• PharmGradWishlist on LinkedIn
• PharmGradWishlist on Facebook
• PharmGradWishlist on X
• PharmGradWishlist on Instagram
• Lindsey Childs-Kean on LinkedIn
• Lindsey Childs-Kean on X
• Lindsey Childs-Kean on Instagram
• Britny Brown on LinkedIn
• Britny Brown on X
• Tim Ulbrich on LinkedIn
• YFP Blog: ‘Money Talks: The Price of the Pharmacy Residency Quest’
• YFP Disclaimer
• Subscribe to the YFP Newsletter

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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

• Julia Myers on LinkedIn
• Julia Myers on X
• Brad Myers on LinkedIn
• YFP 311: Raising Money-Savvy Kids
• YFP REI 96: Managing Risk and Taxes through a Real Estate Team with Thomas Castelli
• YFP REI 54: Using Cost Segregation to Optimize Real Estate Tax Benefits
• YFP REI 18: Tax Strategies for Real Estate Investing
• BiggerPockets
• Rachel D. Gainsbrugh on LinkedIn
• Realtor
• Zillow
• Jumpstart Your Tax Savings On-Demand Course
• Amanda Han on LinkedIn
• OBX Landing
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group

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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®, wrap up a two-part series on 10 common retirement risks you should plan for.

Mentioned on the Show:

• Free Download: Retirement Roadblocks: Identifying and Managing 10 Common Risks Guide
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Baker on LinkedIn
• Tim Ulbrich on LinkedIn

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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:

• Free Download: Retirement Roadblocks: Identifying and Managing 10 Common Risks Guide
• First Horizon Home Loan
• Social Security Administration
• Episode 291: Redefining Retirement with Professor Emeritus David Zgarrick, PhD
• Episode 294: 10 Common Social Security Mistakes to Avoid (Part 1)
• Episode 295: 10 Common Social Security Mistakes to Avoid (Part 2)
• Episode 296: 5 Key Decisions for Long-Term Care Insurance
• Episode 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Episode 305: Understanding Annuities: A Primer for Pharmacists
• Huberman Lab Podcast
• Episode 272: How Much Is Enough? (Retirement Planning)
• Episode 273: Alphabet Soup of Retirement Accounts (Retirement Planning)
• Episode 274: Risk Tolerance vs Risk Capacity (Retirement Planning)
• Episode275: How to Build a Retirement Paycheck (Retirement Planning)
• Cameron Huddleston
• Cameron Huddleston on X
• Mom and Dad, We Need to Talk
• Episode 321: Navigating Financial Conversations with Aging Parents
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Real Estate Investing Facebook Group
• YFP Disclaimer
• Tim Baker on LinkedIn
• Tim Baker on X
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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 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/

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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

• Nate Hedrick on LinkedIn
• Real Estate RPH
• YFP Episode 316
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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

• Zillow
• MLS
• Your Financial Pharmacist REI
• YFP Real Estate Investing Facebook Group

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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.

Links Mentioned in Today's Episode

• Tony Umholtz on LinkedIn
• Tim Ulbrich on LinkedIn
• First Horizon Bank
• First Horizon’s Pharmacist Home Loan
• Fannie Mae
• Freddie Mac
• Federal Housing Administration
• YFP Disclaimer
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter

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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.

Links Mentioned in Today's Episode

• Cameron Huddleston Website
• Cameron Huddleston on LinkedIn
• Cameron Huddleston on X
• Cameron Huddleston on Instagram
• Mom and Dad, We Need to Talk
• YFP 161: 5 Key Financial Lessons to Teach Your Kids
• YFP 108: How to Effectively Talk with Mom & Dad About Their Finances
• Episode 222: Why Estate Planning Is Such An Important Part of the Financial Plan
• YFP 296: 5 Key Decisions for Long-Term Care Insurance
• Subscribe to the YFP Newsletter
• YFP Financial Fitness Test
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

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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

• Stacie Moltzan Loescher on LinkedIn
• Tim Ulbrich on LinkedIn
• YFP Disclaimer
• Subscribe to the YFP Newsletter

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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 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/

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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.

Links Mentioned in Today's Episode

• CARR
• CARR on LinkedIn
• CARR on Facebook
• CARR on Instagram
• CARR on YouTube
• YFP Real Estate Investing Website
• YFP Real Estate Investing Facebook Group

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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.

Links Mentioned in Today's Episode

• Dr. Jena Quinn on LinkedIn
• Dr. Jena Quinn on Instagram
• Perfecting Peds
• Perfecting Peds on Facebook
• Rutgers University
• GlaxoSmithKline
• Thomas Jefferson University Hospital
• Children's Hospital of Philadelphia
• Rodan + Fields
• MedActionPlan
• Corrie Sanders on LinkedIn
• YFP Disclaimer
• Subscribe to the YFP Newsletter

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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.

Links Mentioned in Today's Episode

• Subscribe to the YFP Newsletter
• Sean Richards on LinkedIn
• YFP 309: Top 10 Tax Blunders Pharmacists Make
• IRS Tax Withholding Estimator
• YFP Tax
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Real Estate Investing Facebook Group
• Tim Ulbrich on LinkedIn
• YFP Disclaimer

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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.

Links Mentioned in Today's Episode

• YFP Planning: Fee-Only Financial Planning for Pharmacists
• Kelly Reddy-Heffner on LinkedIn
• Angel Melgoza on LinkedIn
• Tim Baker on LinkedIn
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Subscribe to the YFP Newsletter

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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.

Links Mentioned in Today's Episode

• Mariah Pierce on LinkedIn
• YFP REI Episode 30: Short-Term Rental House Hacking
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group

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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

• Neal Fox on LinkedIn
• Neal Fox on Twitter
• Kaitie Fox on Twitter
• Real Estate RPH
• Nate Hedrick on LinkedIn
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Real Estate Investing Facebook Group
• YFP Disclaimer

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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.

Summary National 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

• The Rachel Cruze Show
• Know Yourself, Know Your Money by Rachel Cruze
• Dave Ramsey’s 7 Baby Steps
• Ramsey Solutions
• RachelCruze.com
• Follow Rachel Cruze on Instagram: @rachelcruze
• Connect with Rachel Cruze on Facebook
• Subscribe to The Rachel Cruze Show on Youtube
• Follow Rachel Cruze on Twitter: @RachelCruze

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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 a question from Sarah in the YFP Facebook Group who asks about considerations with kids 529 accounts in the midst of a divorce.

Mentioned on the Show:

• YFP Episode 211: The Ins and Outs of the 529 College Savings Plan
• 7 Things to Consider Before Starting a 529 Plan
• YFP Planning: Financial Planning for Pharmacists
• Record your questions here or send them via email to info@yourfinancialpharmacist.com
• 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/

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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.

Links Mentioned in Today's Episode

• Free Checklist: What Issues Should I Consider When Reviewing My Investments?
• YFP 313: 4 Reasons Your Financial Planner Should Manage Your Investments
• Book a Free Discovery Call: YFP Planning
• Subscribe to the YFP Newsletter
• YFP Disclaimer

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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.

Links Mentioned in Today's Episode

• Khoa Nguyen on LinkedIn
• KNN Capital Partners
• KNN Capital Partners on Facebook
• PharmD to Freedom on Facebook
• ‘YFP REI 49: Scaling Big from a Single Family House with the Flying Investor’
• ‘YFP REI 53: Understanding and Vetting Syndications with Senate Eskridge’
• Danny Mah
• Rich Dad Poor Dad
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group

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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!

Links Mentioned in Today's Episode

• ‘What Issues Should I Consider When Reviewing My Investment’
• ‘YFP 275: How to Build a Retirement Paycheck’
• ‘YFP 213: 5 Investing Considerations for a Volatile Market’
• Investing for Dummies
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Baker on LinkedIn
• Tim Baker on Twitter
• Tim Ulbrich on LinkedIn
• First Horizon’s Pharmacist Home Loan
• Subscribe to the YFP Newsletter

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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.

Links Mentioned in Today's Episode

• Webinar: A Pharmacists Perspective And Evaluation of the Practice of Financial Planning
• YFP 250: 10 Takeaways from 50 Financial Conversations with Pharmacists
  Seven Figure Pharmacist
  YFP 208: Why Minimizing Fees On Your Investments Is So Important
• Unshakeable by Tony Robbins
• John Oliver Fiduciary
• Justin Woods on LinkedIn
• Justin Woods on Twitter
• Pyrls
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Subscribe to the YFP Newsletter

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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

Links Mentioned in Today's Episode

• Julia Myers
• Julia Myers on LinkedIn
• Julia Myers on Twitter
• University of Missouri Healthcare
• First Horizon Bank
• 5 Easy Steps to Get a Home Loan
• Dave Ramsey
• Robert Kiyosaki
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• 5 Family Financial Conversation Starter Questions
• Subscribe to the YFP Newsletter

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Record your questions here or send them via email to info@yourfinancialpharmacist.com
• 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/

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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.

Links Mentioned in Today's Episode

• YFP Real Estate Investing Property Analysis Spreadsheet Free Download
• YFP Real Estate Investing Episode 50: Deep Dive into Spreadsheet Analysis
• YFP Real Estate Investing Episode 41: Deep Dive: Repairs and Capital Expenditures
• YFP Real Estate Investing
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• Nate Hedrick on Facebook
• Real Estate RPH
• David Bright on Instagram David Bright on Twitter
• David Bright on Facebook

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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.

Links Mentioned in Today's Episode

• American Pharmacists Association
• Caring.com’s 2023 Wills Survey
• Episode 222: Why Estate Planning is Such an Important Part of the Financial Plan
• I’ve Still Got Me: A Widow's Journey to Love, Happiness & Financial Independence
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Baker on LinkedIn
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter

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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.

Links Mentioned in Today's Episode

• Subscribe to the YFP Newsletter
• YFP Comprehensive Tax Planning Service
• Sean Richards on LinkedIn
• RITA
• Inflation Reduction Act (IRS)
• Most Common Tax Mistakes (Made by Pharmacists) Download
• First Horizon Pharmacist Home Loan Requirements
• YFP Disclaimer

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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!

Links Mentioned in Today's Episode

• RightCapital
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Baker on LinkedIn
• Angel Melgoza on LinkedIn
• Kelly Reddy-Heffner on LinkedIn
• Subscribe to the YFP Newsletter

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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.

Links Mentioned in Today's Episode

• Daniel Mach on LinkedIn
• Daniel Mach Email Address
• Daniel Mach on Instagram (@dannymach)
• Bigger Pockets
• YFP Real Estate Investing Website
• YFP Real Estate Investing Facebook Group

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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.

Links Mentioned in Today's Episode

• YFP Home Loan Page: 5 Easy Steps to Get a Home Loan
• Thyroid Pharmacist
• Izabella Wentz on Instagram
• Adrenal Transformation Protocol
• The Thyroid Secret
• Hashimoto's Protocol
• Rootcology
• Dr. Mark Hyman
• GSK
• Morningstar
• IFM
• A4M
• Dr. Alan Christianson
• JJ Virgin
• Mindshare Collaborative
• HarperOne
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer

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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.)

Links Mentioned in Today's Episode

• Erin Albert
• Mark Cuban Cost Plus Drugs Company
• Shark Tank
• “The Best Investment to Make in 2023 Is in Yourself”
• Book: Find Your Unicorn Space by Eve Rodsky]
• Book: Strengths Finder by Don Clifton
• The Team Cuban Card
• Survey: Team Cuban Benefits Card
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Record your questions here or send them via email to info@yourfinancialpharmacist.com
• 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/

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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.

Links Mentioned in Today's Episode

• First Horizon’s Pharmacist Home Loan
• LIMRA: 2022 US Retail Annuity Sales Shatter Annual Sales Records Set in 2008
• YFP Episode 275: How to Build a Retirement Paycheck
• YFP Episode 242: Social Security 101: History, How it Works, and Why it Matters
• YFP 294: 10 Common Social Security Mistakes to Avoid
• Immediate Annuities Website
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Baker on LinkedIn
• Tim Baker on Twitter
• Tim Ulbrich on LinkedIn
• Tim Ulbrich on Twitter

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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.

Links Mentioned in Today's Episode:

• Alex Cartwright on LinkedIn
• Alex Cartwright on Twitter
• Vilicus Capital
• Open Door Capital
• Bigger Pockets Podcast
• Brandon Turner
• Apartment Investing Podcast
• Range
• Episode 26 Senate Eskridge
• Episode 53 Senate Eskridge
• Episode 24 Savannah Arroyo
• Epiosde 21 Ketan Patel
• Robert Kiyosaki
• Grant Cardone

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Fee-Only Financial Planning for Pharmacists
• John Assaraf
• Dr. Lauren Castle on LinkedIn
• Tim Ferris
• The Big Leap by Gay Hendricks
• Purpose is More Than a Side Hustle by Joe Colavito
• The Redefining Wealth Podcast
• Havalee Johnson
• Havalee Johnson on Instagram
• Havalee Johnson on LinkedIn
• Havalee Johnson on Facebook
• Tim Ulbrich on LinkedIn
• YFP Disclaimer

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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. 

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Budget Spreadsheet
• Mint
• YNAB
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Links Mentioned in Today’s Episode

• Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• 5 Steps to Getting a Home Loan
• Apply for the Pharmacist Home Loan
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 202: How to Teach Your Kids About Money and Investing
• Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling and Allison Tom
• Smart Money Smart Kids - Raising the Next Generation to Win with Money by Dave Ramsey and Rachel Cruze
• The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money by Ron Lieber
• Join the Your Financial Pharmacist Facebook Group
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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Josh Schaendorf, an experienced loan officer, shares insight and updates on lending options available to pharmacist real estate investors.

Links Mentioned in Today’s Episode

• Findabroker.com
• Ramsey Solutions
• Ninja Selling: Subtle Skills. Big Results. by Larry Kendall
• Financial Peace: Restoring Financial Hope to You and Your Family by Dave Ramsey
• The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
• EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches by Dave Ramsey
• Everyday Millionaires by Chris Hogan
• Call Josh Schaendorf: (616)402-3998
• Email Josh Schaendorf: josh@hometeammortgage.com
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Early Payoff Calculator
• YFP 104: Jason Long's FIRE Journey
• YFP 111: How One New Practitioner is on FIRE
• YFP 134: One Couple’s Coast FI Journey
• YFP 147: How One Pharmacist is Turning Tragedy Into Triumph
• YFP 202: How to Teach Your Kids About Money and Investing
• YFP 221: One Pharmacy Entrepreneur’s Journey to FIRE
• FIRE Rx: The Pharmacist’s Guide to Financial Independence by Jeff Keimer, PharmD
• The FIRE Prescription: How to Retire Early as a Pharmacist
• YFP 188: Playing with FIRE: An Interview with Scott Rieckens
• Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins
• YFP Real Estate Investing
• Mad Fientist
• Mr. Money Mustache
• Choose FI Podcast
• The Earn & Invest Podcast
• Afford Anything Podcast
• Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Domingues
• The Simple Path to Wealth: Your road map to financial independence and a rich, free life by JL Collins
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Join APhA – Get 25% Off Your Membership with Code: YFP
• YFP 001: The Genesis of the Your Financial Pharmacist Podcast
• YFP 031: One Pharmacist’s Journey to Paying Off $211k in 26 Months
• Your Financial Pharmacist
• YFP 134: One Couple's Coast FI Journey
• Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins
• YFP 227: Why Tim Baker, CFP® Bought a Depreciating Asset
• YFP 215: Know Yourself, Know Your Money with New York Times Bestseller Rachel Cruze
• YFP 289: Building Pricklee with Pharmacy Entrepreneur Kun Yang
• YFP 180: How Allyson Used Her Pharmacy Skills to Build a Natural Skincare Company
• YFP 194: How Karine Used Her Pharmacy Skills to Create a Successful Healthy Dessert Business
• YFP 293: Employee to Entrepreneur with Dr. Victoria Reinhartz
• YFP 217: How Kelley Used Her Clinical Expertise to Build a Business
• YFP 276: Why Giving, Philanthropy, and Serving Are Core Parts of This Pharmacist’s Financial Plan
• YFP 297: Introducing The Pharmacy Innovators with Corrie Sanders of Huna Health
• Send in your ideas and guest suggestions to: info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Links Mentioned in Today’s Episode

• Real Estate RPh
• YFP Real Estate Concierge Service
• Book Your Free Jumpstart Call
• Three Strategies for Buying a House with Student Loans
• Email Nate Hedrick: nhedrick@realestaterph.com
• YFP Real Estate Investing Podcast
• Homebuying Resources
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac
• YFP Real Estate Investing 62: Revisiting Fundamentals in a Changing Real Estate Market
• YFP Real Estate Investing 07: Short and Medium-Term Rental Property Investing
• YFP Real Estate Investing 76: Short Term Rental Market Update with Rachel Gainsbrugh
• YFP Real Estate Investing 14: Protecting Your Investments
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• The Advantaged: Yacht Charters & Sales
• ZenBusiness
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 211: The Ins and Outs of the 529 College Savings Plan
• 7 Things to Consider Before Starting a 529 Plan
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Sell As You Are
• The Untethered Soul: The Journey Beyond Yourself by Michael A. Singer
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki
• Connect with Chris Caldwell on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Links Mentioned in Today’s Episode

• Huna Health
• U.S. Small Business Administration: Small Business Development Centers (SBDC)
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 05: None to One: How to Get Your FIRST Investment Property
• YFP Real Estate Investing 43: How Jenny and Myke are Trading Up on Their Primary Residence
• Auction.com
• Forclosure.com
• RE CONNECT 2023
• Deal Maker Live 2023
• National Real Estate Investors Association
• Connect with Jenny White on Facebook
• Follow Jenny White on Instagram: @Investmentmindset_rx
• Join the Investment Mindset Book Club Facebook Group
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Lincoln Financial Group Study Finds Misconceptions and Confusion About the Increasing Need for Long-Term Care Planning in America
• YFP 108: How to Effectively Talk with Mom & Dad About Their Finances
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Concierge Service
• Book Your Free Jump Start Planning Call
• YFP Real Estate Investing
• YFP Real Estate Investing 22: Off Market Purchasing
• MLS
• Zillow
• Redfin
• realtor.com
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 294: 10 Common Social Security Mistakes to Avoid (Part 1)
• YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Social Security Administration
• YFP Tax
• YFP 275: How to Build a Retirement Paycheck (Retirement Planning)
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Tax Smart Real Estate Investors Podcast
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Investopedia: Tax Reform Act of 1986
• REPS 03: Strategies to Qualify as a Real Estate Professional & Busting the Myths of the Internet
• The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications by Brian Burke
• Left Field Investors
• Tax Smart Real Estate Investors Facebook Group
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Social Security Administration
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Mint
• Follow Michael Crowe on Facebook
• Connect on Michael Crowe LinkedIn
• Mitten Getaways Glamping Co.
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Mobile Health Consultants
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with Victoria Reinhartz on LinkedIn
• The Happy PharmD
• U.S. Small Business Administration: Small Business Development Centers
• YFP 266: How One Pharmacy Entrepreneur Started a Keto-Based Medical Practice
• Ycombinator: What’s the Second Job of a Startup CEO?
• Watch Reinhartz Rundown on YouTube
• Connect with Victoria Reinhartz on Facebook
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Concierge Service
• REI 85: Pharmacist House Hacking in a HCOL State
• REI 05: None to One: How to Get Your FIRST Investment Property
• REI 43: How Jenny and Myke are Trading Up on Their Primary Residence
• REI 18: Tax Strategies for Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Connect with David Bright on LinkedIn
• Connect with Nate Hedrick on LinkedIn
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Functional Medicine Pharmacists Alliance
• Ohio Pharmacists Association
• YFP 123: Leveraging Your Expertise to Start a Side Hustle
• Functional Medicine Pharmacists Alliance Facebook Group
• Smart Passive Income Podcast with Pat Flynn
• Functional Medicine Continuing Education
• The Tim Ferriss Show
• Purpose is More than a Side Hustle: It's Our Built in GPS by Joe Colavito
• DrLaurenCastle.com
• Connect with Dr. Lauren Castle on Facebook
• Follow Dr. Lauren Castle on Instagram: @drlaurencastle
• Follow Dr. Lauren Castle on Twitter: @drlaurencastle
• Follow Dr. Lauren Castle on TikTok: @drlaurencastle
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Connect with Matt Kauflin, PharmD, BCPS on LinkedIn
• Teach Me Pharm
• Replace Your Income: A Lawyer's Guide to Finding, Funding, and Managing Real Estate Investments by Brian T. Boyd
• Follow Teach Me Pharm on Instagram: @teachmepharm
• Follow Teach Me Pharm on Twitter: @teachmepharm
• Like Teach Me Pharm on Facebook
• Follow Matt Kauflin on Instagram: @mkauflin
• Connect with Matt Kauflin on Facebook
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with David Zgarrick on LinkedIn
• Retirement Stepping Stones: Find Meaning, Live with Purpose, and Leave a Legacy by Tony Hixon
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• The Your Financial Pharmacist Podcast
• Connect with Michael Lee on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Learn more about YFP Tax
• YFP Tax Comprehensive Tax Planning
• YFP 283: How to Optimize Your Tax Situation with Sean Richards, CPA
• You Can’t Undo That: How Tax Planning Can Prevent Costly Mistakes
• YFP Real Estate Investing Podcast
• Inflation Reduction Act of 2022
• Email Sean Richards: sean@yfptax.com
• Schedule a YFP Tax Discovery Call
• Get Started with YFP Tax
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 272: How Much Is Enough? (Retirement Planning)
• YFP 273: Alphabet Soup of Retirement Accounts (Retirement Planning)
• YFP 274: Risk Tolerance vs Risk Capacity (Retirement Planning)
• YFP 275: How to Build a Retirement Paycheck (Retirement Planning)
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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. 

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 90: Three (Likely Wrong) Predictions for 2023 Real Estate
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Download the Property Analysis Spreadsheet
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Pricklee Cactus Water
• Shark Tank US | Barbara and Kevin's Prickly Fight Over Pricklee Product
• Hangry: A Startup Journey by Mike Evans
• Shoe Dog: A Memoir by the Creator of Nike by Phil Knight
• Brian Scudamore: Founders Stories Podcast
• Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss
• Connect with Kun Yang on LinkedIn
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Planet Money
• Join the YFP Real Estate Investing Facebook Group
• Connect with Nate Hedrick on LinkedIn
• FRED Economic Data: 30-Year Fixed Rate Mortgage Average in the United States
• Mortgage News Daily
• FRED Economic Data: Median Sales Price of Houses Sold for the United States
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP 109: An Interview with Suze Orman
• Suze Orman
• Women & Money: Be Strong, Be Smart, Be Secure by Suze Orman
• Women and Money Podcast
• YFP 108: How to Effectively Talk with Mom & Dad About Their Finances w/ Cameron Huddleston
• Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston
• Suze Orman Must Have Documents Offer
• Email Suze Orman: asksuzepodcast@gmail.com
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• YFP Real Estate Investing
• Download the Real Estate Investing Guide
• YFP Real Estate Investing 85: Pharmacist House Hacking in a HCOL State
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• IDStewardship.com
• LearnAntibiotics.com
• YFP 217: How Kelley Used Her Clinical Expertise to Build a Business
• KelleyCPharmD
• Pharmacy & Acute Care University
• Follow IDstewardship on Instagram: @idstewardship
• Follow IDstewardship, Antibiotic Stewardship & Pharmacy Education on Facebook
• Follow IDstewardship on Twitter: @IDstewardship
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Studentaid.gov
• Learn More About Our 1:1 Student Loan Analysis with a CFP®
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 49: Scaling Big from a Single Family House with the Flying Investor
• Follow Drew Wiard on Instagram: @TheFlyingInvestor
• Ask a YFP CFP® #142: What investing vehicles (outside of real estate) should I consider if planning for an early retirement?
• HealthCare.gov
• Follow Drew Wiard on TikTok: @TheFlyingInvestor
• Connect with Drew Wiard on Facebook
• The Flying Investor flies to Thanksgiving Dinner
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Tax
• YFP 108: How to Effectively Talk with Mom & Dad About Their Finances
• Case Study #5 Summary Sheet
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• TreasuryDirect: I Bonds
• YFP 239: Two Financial I's You May be Overlooking
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• US Department of Housing and Urban Development: Housing Choice Vouchers Fact Sheet
• Zillow
• Apartments.com
• STESSA
• YFP Real Estate Investing 28: Property Management Fundamentals: Criteria and Pets
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 130: House Hacking Your Way to Financial Freedom
• 5 Steps to Getting a Home Loan
• YFP 271: Financing a Home Purchase FAQ
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 165: The Power of a Health Savings Account
• Why I'm Not Using My Health Savings Account to Pay for Medical Expenses
• YFP Tax
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• BiggerPockets
• BiggerPockets Podcasts
• Connect with Steven Nguyen on Youtube
• Follow Steven Nguyen on Instagram: @makingmultifamilymoney
• Follow Steven Nguyen on TikTok: @makingmultifamilymoney
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Pharm So Hard Podcast
• Pharmacy & Acute Care University
• KelleyCPharmD
• Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan
• Membership Geeks Podcast
• YFP 265: 10 Lessons Learned: Employee to Entrepreneur
• The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael Gerber
• Procrastinate on Purpose: 5 Permissions to Multiply Your Time by Rory Vaden
• Follow Jimmy Pruitt on Twitter: @pharmd_intheed
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• FIRE Rx: The Pharmacist's Guide to Financial Independence by Jeff Keimer
• The FIRE Prescription: How to Retire Early as a Pharmacist
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• BiggerPockets
• I Will Teach You to be Rich by Ramit Sethi
• Connect with Corrie Sanders on LinkedIn
• Huna Health
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Tax
• Join the Waitlist for the 2022 Tax Filing Season
• YFP 165: The Power of a Health Savings Account
• Why I’m Not Using my Health Savings Account to Pay for Medical Expenses
• Inflation Reduction Act of 2022
• Email Sean Richards: sean@yfptax.com
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing Podcast
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 83: End-of-Year Tax Planning for Pharmacist Real Estate Investors
• YFP Real Estate Concierge Service
• Book Your Jump Start Planning Meeting
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Email Nate Hedrick: nhedrick@yourfinancialpharmacist.com
• Email David Bright: dbright@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Real Estate RPh
• YFP Real Estate Investing Podcast
• YFP Real Estate Concierge Service
• Book Your Jump Start Planning Meeting
• Find an Investor-Friendly Agent
• YFP 268: Buying a Home with Spiking Interest Rates, Inflation, and Market Insanity
• New York Times: Rent vs. Buy Calculator
• Three Strategies for Buying a House with Student Loans
• YFP Planning: Financial Planning for Pharmacists
• YFP 160: Navigating the Home Buying Process Through the YFP Concierge Service
• Your Financial Pharmacist Disclaimer and Disclosures

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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:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• I Will Teach You To Be Rich by Ramit Sethi
• YFP 057: The Power of Automating Your Financial Plan
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Your Financial Pharmacist
• YFP Tax
• YFP Planning: Financial Planning for Pharmacists
• Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright
• Email Sean Richards: sean@yfptax.com
• Your Financial Pharmacist Podcast
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• The Fit Pharmacist
• Get Your Free eBook: 5 to Thrive Healthcare Habits
• Follow Adam Martin on Instagram: @thefitpharmacist
• The Fit Pharmacist Healthcare Podcast
• Connect with Adam Martin on LinkedIn
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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Lindsay McLaughlin shares her unique journey in real estate investing and how she found her niche in residential assisted living facilities.

Links Mentioned in Today’s Episode

• Follow Lindsay McLaughlin on Instagram: @themompreneurlife101
• RALOptimized.com
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with Warda Nawaz on LinkedIn
• Jasmine Medical Writing
• The Happy PharmD
• YFP 259: Building a Medical Writing Business with Megan Freeland
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with Warda Nawaz on LinkedIn
• Jasmine Medical Writing
• The Happy PharmD
• YFP 259: Building a Medical Writing Business with Megan Freeland
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• YFP 165: The Power of a Health Savings Account
• Why I'm Not Using My Health Savings Account to Pay for Medical Expenses
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 76: Short Term Rental Market Update with Rachel Gainsbrugh
• YFP Real Estate Investing 77: “Figuring Out” Solutions to Investing Nightmares
• YFP Real Estate Investing 68: How a House-Hacking Pharmacist Turned Full-Time Investor
• YFP Real Estate Investing 14: Protecting Your Investments
• YFP Real Estate Investing 02: Long Term vs. Short Term Rental Property Investing - One Pharmacist’s Perspective
• YFP Real Estate Investing 39: Managing Tenant Turnover
• YFP Real Estate Investing 79: Managing Multiple Market Opinions
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• The Pharmacist’s Voice
• The Pharmacist’s Voice Podcast
• Nancy Wolfson
• David Rosenthal
• Global Voice Acting Academy
• Impact Pharmacist: Start Your Own Wellness Practice and Leave Your Retail Pharmacy Job Behind! By Dr. Asha Pai Bohannon and Eric Bohannon
• Perimenopause: The Savvy Sister's Guide to Hormone Harmony by Anna Garrett
• Kimnewlove.com
• Pronounce Drug Names Like a Pro
• Dave Ramsey’s Financial Peace University
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insurance for Pharmacists
• Disability Insurance for Pharmacists: The Ultimate Guide
• Life Insurance for Pharmacists: The Ultimate Guide
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss
• Email Manale Maksour: manaleprettyhome@gmail.com
• AZPrettyHomes.com
• YFP Real Estate Concierge Service
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Case Study #4 Summary Sheet
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Turo
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Wall Street: U.S. housing market to see the second-biggest home price decline since the Great Depression
• YFP Real Estate Investing
• YFP Real Estate Concierge Service
• YFP Real Estate Investing 62: Revisiting Fundamentals in a Changing Real Estate Market
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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Dr. Frank McCabe discusses his career in pharmacy and how he teaches financial principles as a preceptor and parent.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• Bankrate
• Email Your Financial Pharmacist:  info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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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:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• 19 Ways to Make Extra Money as a Pharmacist in 2020
• YFP 219: How to Negotiate Your Salary and Benefits as a Pharmacist
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 53: Understanding and Vetting Syndications with Senate Eskridge
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing 10: Getting Started Through House Hacking
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Happy Money: The Science of Happier Spending by Elizabeth Dunn & Michael Norton
• Rising Suns Non-Profit Pharmacy
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Special Update: Student Loan Announcements from the Biden Administration
• Learn More About Our 1:1 Student Loan Analysis with a CFP®
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 76: Short Term Rental Market Update with Rachel Gainsbrugh
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 76: Short Term Rental Market Update with Rachel Gainsbrugh
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 272: How Much Is Enough? (Retirement Planning)
• YFP 273: Alphabet Soup of Retirement Accounts (Retirement Planning)
• YFP 274: Risk Tolerance vs Risk Capacity (Retirement Planning)
• What Issues Should I Consider Before I Retire?
• YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Social Security Administration
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 07: Short and Medium-Term Rental Property Investing
• Short Term Gems
• Learn with Rachel
• YFP Real Estate Investing 18: Tax Strategies for Real Estate Investing
• YFP Real Estate Investing 54: Using Cost Segregation to Optimize Real Estate Tax Benefits
• AirDNA
• Netflix Series: Buy My House
• 75Gems.com
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 272: How Much Is Enough? (Retirement Planning)
• YFP 273: Alphabet Soup of Retirement Accounts (Retirement Planning)
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Three Strategies for Buying a House with Student Loans
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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. 

Links Mentioned in Today’s Episode

• Join the YFP Real Estate Investing Facebook Group
• BiggerPockets
• YFP Real Estate Concierge Service
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP 272: How Much Is Enough? (Retirement Planning)
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• YFP 165: The Power of a Health Savings Account
• YFP Tax
• 2022 Important Numbers
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• The Index Revolution: Why Investors Should Join It Now by Charles Ellis
• The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J L Collins
• The Behavioral Investor by Daniel Crosby
• YFP 124: The Behavioral Investor with Dr. Daniel Crosby
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Rich Dad Real Estate, Stock Trading and Personal Finance Coaching
• Condo Foundation
• Rx Real Estate Investment
• Connect with Rx Real Estate Investment on LinkedIn
• Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan
• Connect with Claude Condo on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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. 

Mentioned on the Show:

• The Your Financial Pharmacist Facebook Group
• YFP Planning: Holistic, Fee-Only Financial Planning for Pharmacists
• Studentaid.gov
• YFP Student Loan Analysis Service with YFP Planning Lead Planners Kelly Reddy-Heffner or Robert Lopez

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join APhA - Get 25% Off Your Membership with Code: YFP
• YFP 253: YFP Planning Case Study #1: Growing a Family, Paying Off Student Loans, and Buying a House
• YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids' College, and Paying Off Debt
• YFP 270: YFP Planning Case Study #3: Financial and Life Considerations As Retirement Nears
• YFP Tax
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Ask a YFP CFP #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?
• YFP 253: YFP Planning Case Study #1: Growing a Family, Paying Off Student Loans, and Buying a House
• YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids' College, and Paying Off Debt
• YFP 270: YFP Planning Case Study #3: Financial and Life Considerations As Retirement Nears
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Ask a YFP CFP #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?
• YFP 253: YFP Planning Case Study #1: Growing a Family, Paying Off Student Loans, and Buying a House
• YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids' College, and Paying Off Debt
• YFP 270: YFP Planning Case Study #3: Financial and Life Considerations As Retirement Nears
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, share digital resources to help pharmacist real estate investors with deal analysis.

Links Mentioned in Today’s Episode

• YFP Real Estate Concierge Service
• YFP Real Estate Investing
• Find an Investor-Friendly Agent
• Join the YFP Real Estate Investing Facebook Group
• MLS: Multiple Listing Service
• realtor.com
• Zillow
• Zillow Rent Estimate Calculator
• Redfin
• Rentometer.com
• YFP Real Estate Investing 71: Knowing When to Walk Away
• craigslist
• Facebook Marketplace for Real Estate
• Download the Property Analysis Spreadsheet
• Your Financial Pharmacist Disclaimer and Disclosures

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Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, share digital resources to help pharmacist real estate investors with deal analysis.

Links Mentioned in Today’s Episode

• YFP Real Estate Concierge Service
• YFP Real Estate Investing
• Find an Investor-Friendly Agent
• Join the YFP Real Estate Investing Facebook Group
• MLS: Multiple Listing Service
• realtor.com
• Zillow
• Zillow Rent Estimate Calculator
• Redfin
• Rentometer.com
• YFP Real Estate Investing 71: Knowing When to Walk Away
• craigslist
• Facebook Marketplace for Real Estate
• Download the Property Analysis Spreadsheet
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process
• Join the Your Financial Pharmacist Facebook Group
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• 5 Steps to Get a Home Loan
• S&P/Case-Shiller U.S. National Home Price Index
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Learn More About Our 1:1 Student Loan Analysis with a CFP®
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• BiggerPockets
• BiggerPockets Bookstore
• Brandon Turner
• Follow Alex Failaev on Instagram: @alexfailaev
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• YFP Planning: Financial Planning for Pharmacists
• Schedule a Free Discovery Call with YFP Planning
• Case Study #3 Summary Sheet
• Forbes: The Value of Sound Financial Decisions: From Alpha to Gamma
• Genworth: Cost of Care Trends and Insights
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Apply Now! None to One Group Coaching Program: Use code PODCAST20 for 20% OFF
• YFP Real Estate Investing 60: Helping a Pharmacist Go From “None to One”
• American Pharmacists Association (APhA)
• APhA Annual Meeting
• Your Financial Pharmacist
• YFP Webinars
• BiggerPockets
• Follow Drew Register on Instagram
• Connect with Drew Register on LinkedIn
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP’s Employee to Entrepreneur Virtual Summit: Learn More and Register Here
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Frugal Friends Podcast
• The No-Spend Challenge Guide: How to Stop Spending Money Impulsively, Pay off Debt Fast, & Make Your Finances Fit Your Dreams by Jen Smith
• Pay Off Your Debt for Good: 21 Days to Change Your Relationship With Money & Improve Your Spending Habits So You Can Get Out of Debt Fast by Jen Smith
• Modern Frugality
• Freecreditreport.com
• Credit Karma
• Automate Your Money
• YFP 057: The Power of Automating Your Financial Plan
• Get Your Free Copy of the Modern Frugal Living eBook
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Genworth: Cost of Care Trends and Insights
• U.S. Department of Health and Human Services: Caregiver Resources & Long Term Care
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• Apply Now! None to One Group Coaching Program: Use code PODCAST20 for 20% OFF
• YFP Real Estate Investing 68: How a House-Hacking Pharmacist Turned Full-Time Investor
• Zillow Rent Estimate Calculator
• Rentometer.com
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• Real Estate RPh
• YFP Real Estate Investing Podcast
• YFP Real Estate Concierge Service
• Book Your Jump Start Planning Meeting
• Find an Investor-Friendly Agent
• YFP 254: Home Buying Search: What to Do and What to Avoid
• Download the YFP Home Buying Quick Start Guide
• Join the Your Financial Pharmacist Facebook Group
• Join the YFP Real Estate Investing Facebook Group
• YFP 148: How One Couple Got Started in Real Estate Investing
• YFP Real Estate Investing 05: None to One: How to Get Your FIRST Investment Property
• Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process
• 5 Steps to Getting a Home Loan
• The White Coat Investor: Physician Mortgage Loans
• YFP 160: Navigating the Home Buying Process Through the YFP Concierge Service
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• How Much You Need to Hang Up Your Coat: All About the Four Percent Rule
• FIRE Rx: The Pharmacist’s Guide to Financial Independence by Jeff Keimer, PharmD
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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Matt and Meghan Dreher discuss their real estate investing journey from pharmacy ownership to short-term rental ownership.

Links Mentioned in Today’s Episode

• Join the YFP Real Estate Investing Facebook Group
• Apply NOW for the None to One Real Estate Group Coaching Program
• Your Financial Pharmacist
• The Your Financial Pharmacist Podcast
• YFP Real Estate Investing Podcast
• BiggerPockets
• Check out Matt and Meghan’s Place
• PriceLabs
• Connect with Dreher Real Estate Services LLC on Facebook
• Follow Dreher Real Estate on Instagram: @dreherrealestaterx
• Email Matt and Meghan Dreher: dreherrealestate@gmail.com
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Download the YFP Goal Setting Template
• As a Man Thinketh by James Allen
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Ask a YFP CFP® #123: What options do I have for investing for retirement if I’m categorized as a ‘Highly Compensated Employee’?
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 42: How a Pharmacist Bought a Five Million Dollar Strip Mall
• YFP Real Estate Investing 04: How (and WHY) One Pharmacist Got Started in Real Estate Investing
• The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki
• BiggerPockets
• BiggerPockets Books
• Ryan Dossey’s Create Cashflow Mastermind
• National Real Estate Investors Association
• Connect with Dylan Koch on Facebook
• Email Dylan Koch: Dylan@PlumTreeRealty.com
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 134: One Couple's Coast FI Journey
• YFP 196: How Cory Uses Improv to Create a Better Healthcare Experience
• Society of Metabolic Health Practitioners
• SMHP Symposiums & Other CME Events
• TheKetoPrescription.com
• Follow Dr. Jodi Nishida on Instagram: @theketoprescription
• The Keto Prescription YouTube Channel
• Your Financial Pharmacist Disclaimer and Disclosures

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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)?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing Podcast
• YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 62: Revisiting Fundamentals in a Changing Real Estate Market
• Ask a YFP CFP® #121: Should I consider an adjustable rate mortgage for a real estate investment property?
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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YFP Co-Founder & CEO, Tim Ulbrich, PharmD, shares ten lessons he has learned on his journey from employee to entrepreneur.

Links Mentioned in Today’s Episode

• Register for the YFP Employee to Entrepreneur Virtual Summit
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• I Was a Confused, Trapped Pharmacist Living Paycheck to Paycheck
• Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt, and Create Wealth by Tim Church, PharmD and Tim Ulbrich, PharmD
• Start.: Punch Fear in the Face, Escape Average, and Do Work That Matters by Jon Acuff
• Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek
• How I Built This Podcast
• Chris Caldwell Conscious Growth Coach
• The Partnership Charter by David Gage
• Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh
• YFP 145: How Samm Built Doc Station to Increase Value-Based Care
• The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber
• Traction: Get a Grip on Your Business by Gino Wickman
• Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
• The End of Jobs: Money, Meaning and Freedom Without the 9-to-5 by Taylor Pearson
• The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz
• The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level by Gay Hendricks
• Procrastinate on Purpose: 5 Permissions to Multiply Your Time by Rory Vaden
• The Entrepreneur Roller Coaster: It's Your Turn to #JoinTheRide by Darren Hardy
• The War of Art: Break Through the Blocks and Win Your Inner Creative Battles by Steven Pressfield
• The Surrender Experiment: My Journey into Life's Perfection by Michael Singer
• A New Earth: Awakening to Your Life's Purpose by Eckhart Tolle
• The Secret by Rhonda Byrne
• Changes That Heal: Four Practical Steps to a Happier, Healthier You by Henry Cloud
• Your Financial Pharmacist Disclaimer and Disclosures

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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’?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 239: Two Financial I's You May be Overlooking
• YFP 163: Investing Beyond the 401k/403b
• YFP 189: Options for Investing When You’re Maxing Out Your Retirement Accounts
• Why Most Pharmacists Should Do a Backdoor Roth IRA
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned in Today’s Episode

• YFP 262: How Two Pharmacists Paid Off $250k of Student Loan Debt
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing 53: Understanding and Vetting Syndications with Senate Eskridge
• BiggerPockets
• Afford Anything Podcast
• Join the None to One Group Coaching Program Waitlist
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with Alexis Miller on LinkedIn
• Email Alexis Miller: A-miller.19@onu.edu
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Key Points From This Episode

• A recap of the weekend with David and Nate each looking at new properties.
• Why the philosophy of ‘set it and forget it’ is a bad fit for their goals.
• Three key strategies to force cash flow.
• Change the location, change the property, and change the strategy.
• Cash flow potential in Cleveland in comparison to LA, Boston, and Seattle.
• Overcoming the fear of not driving by, or entering a property prior to purchase.
• The difference between assessing an investment property and a property to live in.
• Looking for ways to improve cash flow on a property to improve it and increase the rent.
• Shifting your perspective from short to long-term increases in the market.
• The importance of knowing the rates that are typical to your area.
• Why the ‘get rich slow’ scheme is so effective for pharmacists.
• Renting by the room as a strategy to improve cash flow.
• Collaborating via platforms like the YFP Real Estate Investing Facebook Group.
• Why it’s so useful to get more than one perspective on what you are doing.

Links Mentioned in Today’s Episode

• Lima One Capital: The Nation’s Premier Lender for Real Estate Investors
• Join the None to One Group Coaching Program Waitlist
• YFP Real Estate Investing 62: Revisiting Fundamentals in a Changing Real Estate Market
• YFP Real Estate Investing 12: Renting by the Room to Maximize Cash Flow
• AirDNA: Short Term Rental Data
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Key Points From This Episode

• A warm introduction to today’s guest, Diamond Spratling
• Diamond’s educational and professional background.
• How she got into doing the work that she’s involved in today.
• Her definition of environmental justice.
• Breaking down the three aspects of environmental justice: Earth, built, and social.
• What energy burden is and why our guest decided to speak about it.
• Why income is a big factor of energy burden.
• What an acceptable energy burden percentage looks like.
• Energy burden versus utility burden.
• Taking a look at some of the root causes of energy burden.
• Why America is failing in financial literacy education.
• How to implement financial literacy education in America.
• The importance of educating the youth as early as possible.
• Diamond provides a link between improved financial literacy and the energy burden crisis.
• What Girl + Environment is and why she brought it to fruition.

Links Mentioned in Today’s Episode

• The Secret to Clean Energy: Addressing Root Causes of Energy Burden | Diamond Spratling | TEDxBGSU
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Girl Plus Environment
• Financial Literacy Statistics: FfinEDge, University of Chicago
• Follow Girl Plus Environment on Twitter: @girlenvironment
• Follow Girl Plus Environment on Instagram: @girlplusenvironment
• Connect with Girl Plus Environment on Facebook
• Connect with Diamond Spratling on LinkedIn
• Follow Diamond Spratling on Twitter: @diamondsprat
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing Podcast
• Download the Property Analysis Spreadsheet
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Key Points From This Episode

• Tyler’s background: how he got into both pharmacy and real estate.
• Why he chose real estate and his passion for it.
• How our guest found success after his ambitious start in real estate.
• Using hard money lenders and investing without putting up capital.
• Tyler explains what a hard money lender is.
• Why he chooses to buy ‘fixer-upper’ properties.
• What Tyler learned in the process of flipping houses and what he would do differently now.
• The importance of comprehensive property analysis and vetting contractors.
• Correlations between location and price point.
• How our guest was able to manage so many properties while being a full-time pharmacist.
• The type of work that needs to be done to successfully flip a house.
• Discussing the time value of money.
• How to approach with caution and recognize the warning signs of an untrustworthy contractor.
• Some tips on how to find the right contractors.
• Why Tyler says that project number 10 was much more efficient than the previous nine.
• Why he decided to switch to short-term rentals and a breakdown of the 1031 exchange.
• How to boost your cash flow and multiply it by 10.
• Insight into Tyler’s five-year plan.
• Parting words of advice from our guest and a podcast that inspired him.

Links Mentioned in Today’s Episode

• Join the YFP Real Estate Investing Facebook Group
• BiggerPockets
• BiggerPockets Podcasts
• Follow Tyler Dalton on Instagram: @drtylerdalton
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Key Points From This Episode

• Kristen’s background, how she ended up in pharmacy, and what she’s doing now.
• What their student loan debt looked like at its peak.
• How student debt can creep up and surprise you.
• The initial feelings the couple had towards their debt and their plans to pay it off.
• What motivated our guests to come up with an aggressive plan for paying back their debt.
• How a life-changing event (and a book) in 2016 changed everything.
• The global pandemic as a moment of inspiration.
• What they had to change in their lives to be able to make the monthly repayments.
• Paying off debt now versus investing for the future.
• The way the couple used ‘double motivation’ to reconcile an age-old debate.
• How our guests were able to raise a child, invest, and pay off a huge debt at the same time.
• Nate’s decision to pursue real estate investing and what that meant for their debt repayments.
• The approach the couple has taken to make real estate investing work for their family.
• Other strategies that helped to pay off the debt aside from cutting expenses and real estate investments.
• The benefits of receiving objective, third-party advice.
• What life is like now after paying off their massive debt.
• How paying off the debt helped Nate make an important career decision.
• Kristen’s advice for the pharmacist struggling with debt.
• Nate’s parting words of wisdom.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Real Estate Investing Podcast
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Real Estate RPh
• YFP Real Estate Concierge Service
• BiggerPockets
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Learn More About Our 1:1 Student Loan Analysis with a CFP®
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Links Mentioned on Today’s Episode

• Lima One Capital: The Nation’s Premier Lender for Real Estate Investors
• YFP Real Estate Investing 50: Deep Dive Into Spreadsheet Analysis
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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.

Key Points From This Episode

• Getting to know Fiona and Rob Anderson.
• The home, work, and financial portfolios of our case study couple.
• Fiona and Rob’s investment accounts and insurance policies.
• Diving into tax concerns.
• Your children’s education versus building your retirement fund – conflicting goals.
• How to prioritize conflicting goals.
• Some innovative ways to lower the costs of college/university.
• How to use 401Ks, RSUs, and other investment accounts wisely, for investing in your goals.
• Delaying retirement and waiting to claim Social Security.
• A closer look at whether their particular investment accounts work for their specific goals.
• Unpacking the target date fund and traditional IRA.
• What to consider when paying a mortgage in retirement.
• Your age concerning your debt, and if there is reason to panic.

Links Mentioned in Today’s Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• YFP Planning Case Study #2 Summary Sheet
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP Tax
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Key Points From This Episode

• A welcome back to Blake and Zac.
• An overview of the guests, their careers, and their real estate background.
• Looking at the changes in the market over the last year and how to adjust your strategies.
• Blake’s endless energy and inability to stop buying properties.
• The importance of building a relationship with wholesalers.
• The difference between buying something off the MLS with the realtor or working with a wholesaler.
• Strategies Blake and Zac have used to handle the increase in interest rates.
• The effects of price appreciation on Blake and Zac’s rentals.
• Power that lies in running your own numbers and running your own race.
• Predicting and dealing with the rising costs of rehabbing a house and potential supply chain issues.
• Why you should always shop around to decrease maintenance costs.
• A brief look at how to run a cash flow equation.
• Blake and Zac’s prediction of the market change over the next six to eight months.
• Advice for new investors.

Links Mentioned in Today’s Episode

• YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac
• Your Financial Pharmacist Podcast
• Baker’s Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
• Smith Family Pharmacy
• Email Blake Johnson: blake@smithfamilypharmacy.com
• Follow Zac Hendricks on Instagram: @hendricks_remodeling
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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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. Key Points From This Episode

• Robin’s real-world example of unconscious bias.
• The gender-based stereotypes surrounding finances.
• How day-to-day and long-term financial planning responsibilities differ in a household.
• Why a woman’s lifespan is an important consideration.
• The biggest obstacles facing women who want to take control of their finances.
• How women outperform men when it comes to investing.
• The psychology of confidence.
• Negotiation and gender perception.
• When financial literacy should be taught to women, men, and teenagers.
• The pain of paying.
• Why it’s mostly men who are the educators of financial literacy.

Links Mentioned in Today’s Episode

• $avvy
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join APhA - Get 25% Off Your Membership with Code: YFP
• CODE: Debugging the Gender Gap
• bias
• Running for Jim
• Tino
• TEDxMarin: Robin Hauser: The likability dilemma for women leaders
• Connect with Robin Hauser on LinkedIn
• Follow Finish Line Features on Instagram: @finishlinefeaturefilms
• Finish Line Features
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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. Key Points From This Episode

• The necessary discussions to have when ending a rehabilitation project.
• How a fluctuating market changes our decisions.
• Why you should be careful and methodical to maximize investment.
• The difficult choice between keeping the property as a rental and selling it for a gain.
• The three key points of making the decision: Do I buy it or do I sell it?
• Assessing near and long-term expenses to ascertain whether investing in that property makes sense.
• Increasing predictability by making all necessary repairs at the beginning of ownership.
• How to assess a house: roof to basement.
• The value of speaking to someone more experienced, for guidance.
• How the overall housing market and specific neighborhood trajectories can be both similar and disconnected.
• The importance of knowing neighborhood-specific market trends.
• How to change a property to fit the statistics that you are looking for.
• Staying on top of nuanced market trends.
• Making wise investments in properties that are undervalued.
• What to do with the money after you sell.
• When it is the right time to sell.
• Nate’s dilemma of whether to rent out a property or sell it.

Links Mentioned in Today’s Episode

• Lima One Capital: The Nation’s Premier Lender for Real Estate Investors
• YFP Real Estate Investing 50: Deep Dive Into Spreadsheet Analysis
• YFP Real Estate Investing 29: Investing with Purpose
• YFP Real Estate Concierge Service
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

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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. Key Points From This Episode

• Understanding Megan Freeland’s career by looking at her interests and background in pharmacy.
• How to apply knowledge and experience in pharmacy to the public health system.
• What opportunities Megan took to further explore public health training and experience.
• The hard journey she took to end up at her dream job in the CDC.
• Her passion and motivation for the intersection of public health and writing.
• The influence Megan’s family and community had on her passion for public health care.
• Understanding the types of medical writing and how to pursue one.
• A guide to beginning your career as a freelance health content writer.
• Megan’s ideas, goals, and motivations behind StockRose Creative.
• A look into how Megan has grown her career on LinkedIn.
• Advice for those starting to pursue their content writing careers.

Links Mentioned in Today’s Episode

• Connect with Megan N. Freeland on LinkedIn
• StockRose Creative
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Feminist Women’s Health Center
• Student National Pharmaceutical Association (SNPhA)
• CancerQuest
• Health Writing for Health Professionals
• Health Writing for Health Professionals 101 Series
• LinkedIn Creator Accelerator Program
• The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz
• The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level by Gay Hendricks
• Your Financial Pharmacist Disclaimer and Disclosures

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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?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Learn More About Our 1:1 Student Loan Analysis with a CFP®
• Send in your questions here or to info@yourfinancialpharmacist.com
• Your Financial Pharmacist Disclaimer and Disclosures

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.

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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.

Key Points From This Episode

• An introduction to today’s guest, Marissa Deuel.
• Marissa's pharmaceutical background and her connection to the hosts.
• The motivation behind Marissa’s property investment.
• The clear criteria to filter through potential properties.
• Why you should always check your numbers before investing.
• The vetting, offering, and negotiation process when purchasing a property.
• How to manage the emotions behind a business transaction.
• A rehab plan to maximize the value of and rent of a property.
• Marissa’s recipe for successful renovations.
• How to self-manage and budget your own property.
• A look into the “None to One” course.
• How to start planning and walking the path of real estate investing.
• The most useful resources for your real estate journey.

Links Mentioned on Today’s Episode

• None to One Group Coaching Program
• Apply for the next None to One Group Coaching Program
• YFP Real Estate Investing Podcast
• Email Marissa Deuel: mdeuel0605@gmail.com
• Connect with Marissa Deuel on Facebook
• Connect with Marissa Deuel on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

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Tony Umholtz talks through how to determine how much home you can afford.