Scripted Wealth | Money & Meaning for Pharmacists

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...

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 cl...

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...

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 practition...

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

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 sa...

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 Rese...

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...

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 communit...

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.  Revi...

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...

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 importanc...

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 a...

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...

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 fi...

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...

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 th...

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 busin...

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 ch...

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 thum...

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 Nat...

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...

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, pushin...

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 pla...

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...