Scripted Wealth | Money & Meaning for Pharmacists

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: Fi...

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...

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 D...

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...

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...

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 Financ...

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 Pha...

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: Grow...

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 Pla...

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 Est...

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...

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 YF...

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: @ale...

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 Planni...

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 questio...

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 PODCAS...

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...

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 In...

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 Es...

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 t...

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...

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...

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

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 Pharma...

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...