362 episodes

The Your Financial Pharmacist Podcast is designed to empower pharmacy professionals to take control of their personal finances.

Disclaimer: The information on this website is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. For more information, visit https://yourfinancialpharmacist.com/disclaimer

Your Financial Pharmacist Tim Ulbrich and Tim Baker

    • Business
    • 4.9 • 141 Ratings

The Your Financial Pharmacist Podcast is designed to empower pharmacy professionals to take control of their personal finances.

Disclaimer: The information on this website is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. For more information, visit https://yourfinancialpharmacist.com/disclaimer

    YFP Real Estate Investing 33: Building an Entrepreneurial Mindset with Dr. Jamie Wilkey

    YFP Real Estate Investing 33: Building an Entrepreneurial Mindset with Dr. Jamie Wilkey

    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 strategy than the traditional forms. An introduction to today’s guest, pharmacist and entrepreneur, Jamie Wilkey.  The story of how she started out as a side hustle before creating a full-time opportunity for herself. Why she considers the personal development aspect of her career to be the most important. How creating a side hustle allows for creativity without the pressure of building a career. The bottleneck effect that you create when you try to do everything yourself. What bringing a team on board has enabled her to do: free up her time and be a leader. $10 tasks, how she defines them and how they benefit your business by freeing up time. The benefit that hiring a virtual assistant to do your $10 tasks can bring to your business. What she has gained by reaching out to strangers and asking them to share their wisdom. How acting, asking questions and just taking the first step gives you confidence. Why there is no wrong choice and picking something that appeals to you pays off. Her recommendation that you find what you love in life. Why looking for the quickest buck only gets you so far in comparison to loving what you do. A strategy she uses to stay working on the business, not in the business: time blocking. The most helpful non-pharmacy resource she has used: LinkedIn. Jamie’s advice for pharmacists considering entrepreneurship: believe in yourself that you can do it and to take an action every day that moves you closer to that goal. Links Mentioned in Today’s Episode
    PGx Consulting Confidence Academy National Small Business Association LinkedIn Connect with Dr. Jamie Wilkey on LinkedIn Email Jamie Wilkey: jamie@archeshealthgroup.com Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures

    • 37 min
    YFP 231: From Pharmacist to Calligraphy Artist Working with A-List Celebrities

    YFP 231: From Pharmacist to Calligraphy Artist Working with A-List Celebrities

    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 Rosie's love of calligraphy intersected with starting a business to pay off her debt. What galvanized her to take action and become financially literate. Reinvesting back into her business every time things were going well! Arriving at her successful business model with virtually no overhead costs. Just getting started, and continuing to learn and evolve as things go on. The two different pillars that make up Rosie’s business: live events and coaching! The gradual transition from an expensive hobby to a flourishing business. How the stress and burnout of the pandemic was the final motivator to leave pharmacy and commit to full-time entrepreneurship. Developing resiliency and not being afraid to take calculated risks. Intentionally growing as the demand increases and getting a supportive team. Links Mentioned in Today’s Episode
    Wander Crafter Calligraphy & Signs YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning Create a Comprehensive Estate Plan with Thoughtful Wills Dave Ramsey Craft Academy Follow Rosie Chhun on Instagram: @wandercrafter Follow Rosie Chhun on TikTok: @wandercrafter  Rosie Chhun|Wandercrafter Youtube Your Financial Pharmacist Disclaimer and Disclosures

    • 33 min
    Ask a YFP CFP® #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?

    Ask a YFP CFP® #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?

    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 Webinars Register for the Key Financial Moves to Make Before 2022 Webinar  Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.

    • 9 min
    YFP Real Estate Investing 32: Deep Dive: Leveraging a Mortgage

    YFP Real Estate Investing 32: Deep Dive: Leveraging a Mortgage

    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 for today: leveraging your money through mortgages. Getting into some common FAQs on shopping for loans. We do the math to break down the potential financial risks of different scenarios. What the short and long-term risks are if the market shifts downwards.  The costs of selling a house that's had a big level of value increase, and the value of looking at it from a percentage basis. Proving how leveraging lowers the barrier to entry in real estate investing.  How real estate is just not as liquid as other types of investing. Setting up your mortgage, balloon payments, property managers, and more! Diversifying to manage risk, and using the stock market as a great analogy. Links Mentioned in Today’s Episode
    Join the YFP Real Estate Investing Facebook Group Submit Your Webinar or Episode Ideas: realestate@yourfinancialpharmacist.com YFP Real Estate Investing YFP Real Estate Investing 31: What Makes an Investor-Friendly Agent With HGTV’s Lauren Risley Your Financial Pharmacist Disclaimer and Disclosures

    • 42 min
    YFP 230: 5 Steps to Get Ready for a Home Purchase

    YFP 230: 5 Steps to Get Ready for a Home Purchase

    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 going to lend. What the 28/36 rule is.  Tony runs through the pros and cons of a 20% down payment.  How savvy investors look at returns.  Comparing pre-approval and pre-qualification.  The value of a credit report. How lenders work out your credit score, and why this differs from what you will see if you use a monitoring service.  Examples of the different types of lenders that exist.  Information that you will need to provide to the lender you choose once you have a property under contract.  Links Mentioned in Today’s Episode
    Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process YFP Planning: Financial Planning for Pharmacists 5 Steps to Getting a Home Loan YFP 216: Common Credit Blunders to Avoid When Buying a Home Freddie Mac Fannie Mae  Your Financial Pharmacist Disclaimer and Disclosures

    • 39 min
    Ask a YFP CFP® #92: Can I be enrolled in health insurance through my employer and be on my spouse's HSA?

    Ask a YFP CFP® #92: Can I be enrolled in health insurance through my employer and be on my spouse's HSA?

    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 Savings Account to Pay for Medical Expenses Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.

    • 7 min

Customer Reviews

4.9 out of 5
141 Ratings

141 Ratings

EricKGeyer ,

Wow! Worth the listen for all new grads

As a pharmacist myself, I learned a lot of these things on my own after years of digging. This podcast really breaks down some complex topics that pharmacy grads need to hear in an ever changing financial and pharmacy world.

I literally recommend this to all new grads and even some older ones who need some great refreshers and updates.

Pharmacist Mom ,

Pharmacist Mom

Great topic discussions and really enjoy all the guest speakers. Love how you take questions from the public and the information you provide!

P4 Gavin ,

Helpful podcast

This is a nice podcast that directly relates to those in the medical field about improving their financial lives.

While I enjoy this podcast sometimes, I find that some of the content is not as interesting or entertaining as some other personal finance podcasts like ChooseFI or BiggerPockets, so that’s the reason for the 4 instead of the 5 stars

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