Scripted Wealth | Money & Meaning for Pharmacists

Josh Ebbing talks us through his last few years in real estate and what he's done to both find and fund the deals that have allowed him to scale so quickly. Key Points From This Episode Introducing Josh Ebbing, a fellow real estate investor who is doing incredible things.  How he jumped right into real estate and how his portfolio has shifted since then.  Overcoming deal paralysis and accepting th...

Mike Koelzer, CEO of Kay Pharmacy and host of The Business Pharmacy Podcast, discusses the mindset, habits, and behaviors of successful pharmacy influencers and entrepreneurs. Key Points From This Episode How the family business started. Hear about the creation of The Business of Pharmacy podcast. Mike's approach to maximizing his time each day, and how to use lists more efficiently. What common t...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Jacob in Lancaster, Ohio: Should I max out my contributions to my 401(k) or 403(b) before contributing to other retirement accounts? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Department of Labor EFAST Form 5500 Search YFP 073: How t...

Jared Wonders returns to the show to share how he manages tenant turnover as a real estate investor and busy full-time pharmacist.  Key Points From This Episode Jared explains how a new multi-family property meant multiple new tenants and tackling the turnover all at once. Some details about these two types of properties, and communicating with the tenants.  Doing an Estoppel Certificate, and know...

Tim Ulbrich talks through 5 financial moves you should consider making in 2022 to accelerate your financial plan. Key Points From This Episode How to take advantage of this time to reset, refocus, or create your financial plan.  Finding the balance between your qualitative and quantitative goals.  Tim offers to be your accountability partner. How to take your tax strategy to the next level. Updati...

Tim Ulbrich and Tim Baker discuss goal setting, the importance of your 'why,' and translating each to a realistic plan toward real estate strategy in 2022. Key Points From This Episode How to start the year off with strong goals and taking the time to revisit your 'why'. Some examples of realistic goals and why they matter in day-to-day reality.  Why having a planner who asks the right questions i...

Tim Baker talks through the unique financial needs and considerations of Generation X. Key Points From This Episode An introduction to today's topic of Gen X; the sandwich generation. How Gen Xers are often providing for their parents, plus a young child or a child over 18. How these financial expectations are often overlooked or pushed to the side.  We talk about average incomes, the rising cost...

Nate Hedrick and David Bright spread some holiday cheer, sharing their book recommendations for your real estate investing journey. Links Mentioned in Today's Episode Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing 01: Intersection Between Financial Planning and Real Estate Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do N...

Josh and Shannon Pukl discuss their journey towards achieving financial independence and the strategies they have employed along the way. Key Points From This Episode Shannon and Josh start us off by sharing why each of them got into pharmacy. Shannon runs us through her post-school debt and shares gratitude that it wasn't higher. Josh expresses relief for the financial support provided by his par...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from a member of the YFP community: Should I defer my student loans during residency? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Learn More About Our 1:1 Student Loan Analysis with a CFP® and use code  YFP  for 10% off Send in your questi...

Eric Geyer of Political Pharmacist details his last decade in real estate and shares how to scale your business from house hacking to making passive income. Key Points From This Episode Get to know our guest, Eric, and his pharmacy story. Hear about his first buy in 2010 and how the ball started rolling from there. Eric shares some of the challenges of their second buy; a 10-unit apartment buildin...

YFP Planning Lead Planner, Kelly Reddy-Heffner, discusses commonly asked questions regarding refinancing student loans. Key Points from this Episode An introduction to Kelly Reddy-Heffner, and recapping her previous YFP episode.  How it's a complicated decision to choose the right repayment plan for you.  The two distinct categories of who refinancing is not a good fit for. A reminder that refinan...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Andrew in Iowa: Can I contribute additional funds to a 457 retirement account? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Robinhood YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions  YFP 073: How to Determine...

Young Park is back for his second appearance on the YFP Real Estate Investing Podcast to share encouraging stories about his achievable wins and how to make connections through local real estate meet-ups. Key Points from this Episode Young updates us on his three new purchases since his last appearance on the show.  Living proof that you don't have to only go off-market to find deals right now.  Y...

Paul Eikenberg, YFP CFO and Director of YFP Tax , discusses how pharmacists can optimize their tax strategy. Key Points from this Episode Paul and Tim catch us up with some exciting happenings in the YFP tax team.  Understanding the important difference between tax preparation and tax planning.  Differentiating your marginal tax rate and effective tax rate as a decision-making tool. Paul explains...

Nate Hedrick and David Bright do a deep dive into seller financing and how it can be a win-win for both buyer and seller.  Key Points From This Episode Nate gets us up to speed on a rehab deal he's started work on.  Introducing today's hot topic; seller financing! Touching on 'subject to' seller financing and why it's a little less prevalent at the moment. We first define seller finance and cover...

Cynthia Knapp Dlugosz discusses the intersection between mindfulness and money. Key Points From This Episode Getting to know Cynthia, starting with the pivots and arc of her career. Discussing how her 20 years of mindfulness training began intersecting with pharmacy.  How the topics of burnout, resilience, and wellness have only recently gained traction. Cynthia shares her turning point from irres...

Jamie Wilkey discusses how she built her pharmacy consulting business and how she teaches and empowers other pharmacists to do the same.  Key Points From This Episode Nate shares how he is peaking as a real estate agent at exactly the wrong time of year. David and Nate weigh in on how hard it is to get anything without going over list price. How real estate is a more time-intensive investment stra...

Rosie Chhun talks about how her side hustle turned main hustle afforded her the ability to pay off $180k in student loans.  Key Points From This Episode Hear about Rosie's roots as a pharmacy technician and her journey in pharmacy school. Having to re-evaluate how she was moving forward and paying off her $180,000 debt. How paying the minimum hardly touched the interest accruing every month. How R...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Stephen in Sacramento, California: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Treasury Direct Series I Savings Bonds Your Financial Pharmacist...

Nate Hedrick and David Bright take a deep dive on leveraging your money through a mortgage. Key Points From This Episode Nate updates us on his great rental in Cleveland. Trying to predict what to expect for 2022. Reaching out to listeners; tell us what you want our next webinar to be about! How risky it feels to borrow money if you've been in student loan debt before. Diving deeper into our topic...

Tony Umholtz talks through five steps for getting ready for a home purchase.  Key Points From This Episode Why now is a good time to buy a home. Where you can find out the average interest rates in the home loan industry. Tony explains what discount points are and why you need to understand them.  The importance of reading the fine print.  Know your budget! How lenders determine how much they are...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Christine in Austin, Texas: Can I be enrolled in health insurance through my employer and be on my spouse's HSA? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists YFP 165: The Power of a Health Savings Account Why I'm Not Using My Health Sa...

HGTV's Lauren Risley talks about what it means to be an investor-friendly agent, the role of your agent when investing in real estate, and the ideal investor client.  Key Points From This Episode Lauren shares how her love of real estate started at just 19 years old.  What makes an agent investor-friendly, and what makes a great investment client! Finding the "why", so that you can build a strateg...

Bhavik Shah talks about his debt-free journey, his early missteps, and how he used his experience to further the financial literacy education of other pharmacists. Key Points From This Episode An introduction to today's guest, Bhavik Shah. Bhavik's academic background and why he chose a career in pharmacy and teaching. The money scripts Bhavik was raised with and how they impacted his mindset. How...