Scripted Wealth | Money & Meaning for Pharmacists

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...

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 u...

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 s...

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...

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 job...

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...

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...

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 a...

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 pai...