Scripted Wealth | Money & Meaning for Pharmacists

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP® takes this question from the YFP Facebook Group: Should I use a cash-out refinance or a HELOC to pay off my student loans?   Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Refinance Your Student Loans Disclaimer:  This podcast is inten...

Montrell Taylor and Kamren Gallon discuss how their friendship and partnership came to be, get in-depth on real estate wholesaling, how wholesaling works, and how to garner trust and network as a real estate wholesaler. Mentioned on the Show YFP 103: Wholesaling as a Real Estate Agent Wholesale Real Estate Freedom Podcast - EP 1 - Rico Smith Intro & Reverse Wholesaling Explained Seven Figure Pharm...

Tim Baker, YFP Co-Founder and Director of Financial Planning, takes a deep dive into the 529 plan. He discusses a framework for how to project and save for kids college along with the construct of 529 plans including what they are, tax advantages, what are qualified and non-qualified expenses, and considerations when investing money within a 529. Mentioned on the Show Insuring Income: Get Quotes a...

Ryan Chaw discusses his experience generating a solid monthly rental income through his rent by the room investing strategy in college areas. Ryan shares his methods for screening tenants, making his properties appealing to his target tenants, how he tenant proofs his units, and how pharmacists can reach financial freedom through real estate investing. Mentioned on the Show YFP 140: How Ryan is Br...

Tim Baker discusses why net worth matters, how to calculate your net worth, and why net worth, not income, is the true indicator of your financial health. Mentioned on the Show Join APhA - Get 25% Off Your Membership with Code: YFP YFP Planning: Financial Planning for Pharmacists eMoney Advisor Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 200: An Interview with Sarah F...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP® takes this question from Lalit: Is buying an electric car a good financial move after I graduate pharmacy school?  Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Federal Electric Car Tax Credit Disclaimer:  This podcast is intended for educational purposes and sh...

Nate Mackey discusses his recent start in real estate investing, how the YFP Real Estate Concierge played a role in his first investment property purchase, and how he decided on multi-unit investing for his first property. Mentioned on the Show YFP Real Estate Concierge Service Bigger Pockets Download Your Free Copy of The Pharmacist's Guide to Real Estate Investing Learn More About IBERIABANK/Fir...

Nate Hedrick and David Bright discuss the growing interest in real estate investing among pharmacists, common barriers that pharmacists face that may prevent them from getting started, and three real estate investing lessons learned from fellow pharmacists who shared their stories and journeys on the YFP Real Estate Investing Podcast. Mentioned on the Show Insuring Income: Get Quotes and Apply for...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Frank in Bonita Springs, Florida: What options do I have if I need more funds during a home build due to the increased cost of expenses? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists NerdWallet Personal Loan Calculator Send in your ques...

Bryce Platt discusses house hacking, including his strategy for finding houses and properties that meet his criteria for a good deal, his experience living with his tenants, and how he financed his real estate investments early in his pharmacy career.  Mentioned on the Show YFP 160: Navigating the Home Buying Process Through the YFP Concierge Service YFP 130: House Hacking Your Way to Financial Fr...

Tim Baker digs into the f-word we want to minimize when it comes to our investments...FEES! When you do the hard work to save money, you should be interested in keeping as much of that investment intact by minimizing the fees that can take away from your long-term gains. Tim discusses various fees, the impact these fees can have on achieving your long-term savings goals, and strategies you can tak...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Do I need professional liability insurance as a pharmacy resident? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group  YFP 155: Why You Need Liability Insurance Send in your questions  here...

Anthony Giuliani discusses his rapid growth in real estate investing, focusing on acquiring large multifamily investment properties with a long-term buy and hold strategy. Mentioned on the Show Join the YFP Real Estate Investing Facebook Group Bigger Pockets Podcast YFP 130: House Hacking Your Way to Financial Freedom The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom by...

YFP Co-founder and Director of Financial Planning, Tim Baker, discusses common financial errors ranging from those made with investing, insurance, credit, and more.  Mentioned on the Show Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance YFP Planning: Financial Planning for Pharmacists Mint YNAB YFP Budget Template Equifax Experian TransUnion Fair and Accurate Credit Tra...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from the YFP Facebook Group: Can I enroll in an HSA outside of my employer's health insurance plan? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group  YFP 165: The Power of a Health Savings Account Send in your questi...

Pharmacist, real estate agent, and investor, Nate Hedrick explains ten common real estate terms in today's market and what they mean to potential investors.  Mentioned on the Show YFP Real Estate Concierge Service YFP Real Estate Investing 02: Long Term vs. Short Term Rental Property Investing - One Pharmacist's Perspective Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poo...

Nate Hedrick discusses strategies for buying a home with student loans. He talks about the decision to rent vs. buy, how to determine if you're ready to buy, and three strategies to consider when deciding to buy a home with student loans. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Register for the Free Webinar: Investing Beyond the 401(k)/403(b) Baker's Dirty Dozen: Pri...

Rachel Gainsbrugh provides insight, practical advice, and resources for finding, managing, and growing your short-term and medium-term real estate rental portfolio.  Mentioned on the Show YFP Real Estate Investing 02: Long Term vs. Short Term Rental Property Investing - One Pharmacist's Perspective Join the YFP Real Estate Investing Facebook Group REI-USA: Real Estate Knowledge Towards Financial F...

Alex Barker, the founder of The Happy PharmD, talks about the current state of the pharmacy job market, considerations for those looking for their first position or switching jobs, and the intersection between your career and your financial plan. Mentioned on the Show: Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance YFP 192: Findings from the 2021 Pharmacist Salary Gui...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Kelly Reddy-Heffner, CFP®, CSLP®, takes this question from the YFP Facebook Group: What should I be considering when pausing private student loans? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Navient Earnest Laurel Road Send in your questions  here...

Aaron Howell, pharmacist, realtor, and real estate investor, discusses how he manages his 29 unit rental portfolio while maintaining his career as a pharmacist. Aaron digs into the importance of having an excellent property manager, how to find one, and how to know when it's time to get a new one.  Mentioned on the Show YFP 129: How One Pharmacist Built a 29 Unit Real Estate Portfolio Bigger Pocke...

Tony Umholtz, a mortgage manager for IBERIABANK/First Horizon, discusses trends in the housing market coming out of the COVID-19 pandemic and the current landscape for those purchasing, refinancing, or selling a home. Mentioned on the Show Learn More About IBERIABANK/First Horizon's Pharmacist Home Loan and Start the Pre-Approval Process 5 Steps to Getting a Home Loan YFP 136: The Ins and Outs of...

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Kelly Reddy-Heffner, CFP®, CSLP®, takes this question from Amelia in Tampa, Florida: What does the life insurance policy cancellation process look like? Mentioned on the Show : YFP Planning: Financial Planning for Pharmacists Your Financial Pharmacist: Insurance For Pharmacists Send in your questions  he...

Jenny and Myke White join Nate Hedrick and David Bright to discuss some common fears about purchasing a real estate investment property, specifically taking the jump from none to one, their process for screening tenants, how to build a team, and the importance of networking. Mentioned on the Show YFP Concierge Service YFP 148: How One Couple Got Started in Real Estate Investing Rich Dad Poor Dad:...

Dr. Jeff Keimer, author of the brand new book FIRE Rx: The Pharmacist's Guide to Financial Independence , joins Tim Ulbrich on this week's episode. I f you've heard about the FIRE (Financial Independence, Retire Early) movement before, you know that this is a powerful strategy to build wealth and to put yourself in control of your financial future. Regardless of whether or not you have early retir...