Rx Money Roundup #16: What Are My Options Once My Term Life Insurance Policy Expires? Your Financial Pharmacist podcast

29:45

In this episode, Tim Ulbrich, YFP CEO looks at three powerful areas for growing your income: maximizing your compensation, real estate investing, and building side hustles or businesses. Summary While cutting expenses is a key part of managing your finances, there's a limit to how much you can cut. The good news? Your income has no ceiling. In this episode, Tim Ulbrich, YFP CEO, looks at three powerful areas for growing your income: maximizing your compensation, real estate investing, and building side hustles or businesses. Tim shares some personal experiences and examples from other pharmacists who have successfully diversified their income streams and created financial opportunities that go beyond the traditional 9-to-5 grind. Mentioned on the Show YFP 126: Going Beyond Six Figures Through Medical Writing YFP 259: Building a Medical Writing Business with Megan Freeland YFP 171: How Austin Successfully Made the Financial Transition to New Practitioner Life YFP 280: How and Why This Pharmacist Pivoted to a Writing Career YFP 384: Beyond Salary: Negotiating Your Value in the Workplace YFP Real Estate Investing 46: Building a Family Business Around Motel Hacking YFP 362: Fatherhood, Family, and FIRE with Author Cory Jenks, PharmD YFP 359: Pharmacy Innovators with Jamie Wilkey, PharmD YFP 089: From Unemployed to Successful Pharmapreneur YFP 287: Monetizing Your Clinical Expertsie with Dr. Timothy Gauthier YFP 344: Beyond the ER: The Entrepreneurial Journey of Dr. Jimmy Pruitt YFP 217: How Kelley Used Her Clinical Expertise to Build a Business YFP 112: Why One PhD Pharmacist is Taking on Two Side Hustles YFP 379: Inspiring Bold Ideas: Career and Entrepreneurial Insights with Dr. Brooke Griffin YFP 180: How Allyson Used Her Pharmacy Skills to Build a Natural Skincare Company (started as a side hustle out of her house when working as a pharmacy admin at hospital) YFP 289: Building Pricklee with Pharmacy Entrepreneur Kun Yang YFP 243: A Non-Traditional Pharmacy Path from Pharmacist to Software Engineer to Entrepreneur YFP YouTube Channel YFP Book a Discovery Call YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 397: The Art of Rebalancing: Maintaining Your Investment Portfolio 30:29

11 дней назад30:29

30:29

Tim Baker, CFP®, RICP®, RLP® and Tim Ulbrich, PharmD discuss the importance of maintaining a balanced asset allocation, the nuances of risk tolerance and capacity, and the different accounts you should be rebalancing. Brought to you by First Horizon . Summary In this episode, Tim Baker, CFP®, RICP®, RLP®, and Tim Ulbrich, PharmD, explore the essentials of rebalancing your investment portfolio. Tim and Tim discuss asset allocation, risk tolerance, and key accounts to rebalance. They also highlight common mistakes and effective rebalancing strategies for long-term investment success. Mentioned on the Show First Horizon YFP YouTube Channel YFP Book a Discovery Call YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn Tim Baker on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 396: Managing Money Together: Strategies for Couples 1:01:42

18 дней назад1:01:42

1:01:42

Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship. Summary In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship. They break down how different approaches—whether merging finances completely, keeping some things separate, or managing everything individually—can impact your financial harmony. Through real-life insights, Tim and Tim highlight the power of open communication, understanding each other’s money habits, and creating a shared financial vision. They also discuss when and how a neutral third party can help navigate tough conversations. No matter where you are in your relationship—just starting out, engaged, or years into marriage—this episode offers practical advice to help you and your partner build a financial plan that works for both of you. Mentioned on the Show YFP YouTube Channel The 5 Money Personalities YFP Resource: 25 Financial Discussions for Partners YFP 127: A Widow’s Journey to Love, Happiness & Financial Independence YFP Book a Discovery Call YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn Tim Baker on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 395: What to Look for in a Real Estate Agent (And Why It’s More Important Than Ever) 39:11

25 дней назад39:11

39:11

Tim Ulbrich & Nate Hedrick break down 2025 housing trends, agent tips & the new buyer’s agreement. Sponsored by Real Estate RPH. Summary Tim Ulbrich, YFP Co-Founder talks with Nate Hedrick, PharmD and Founder of Real Estate RPh as they break down the key trends shaping the 2025 housing market, from declining home sales to soaring interest rates. Nate shares what to look for in a real estate agent, why local market expertise matters, and how the new buyer’s agent agreement affects you. This episode is brought to you by Real Estate RPH. Mentioned on the Show YFP YouTube Channel YFP Real Estate Investing 132: Rent vs Buy YFP Real Estate Investing 118: Navigating the NAR News: Insights for Real Estate Investors YFP Episode 160: Navigating the Home Buying Process Through the Home Buying Concierge Service Real Estate RPh Home Buying Concierge YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram Nate Hedrick on LinkedIn Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group Subscribe to the YFP Newsletter YFP Disclaimer…

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YFP 394: Crafting a Rich Life in Retirement: Insights from David Zgarrick, PhD 46:46

год назад46:46

46:46

Tim Ulbrich, YFP Co-Founder welcomes back David Zgarrick, PhD to share his journey into "preferment," balancing retirement, financial planning, and staying engaged through teaching and consulting. Summary In this episode, Tim Ulbrich, YFP Co-Founder, welcomes back David Zgarrick, PhD, as he shares his journey into what he calls the "preferment phase" of life. Dr. Zgarrick opens up about his transition from academia to retirement, the joy of new routines, and the power of early financial planning. He highlights the importance of staying engaged—through consulting, teaching, and meaningful activities—while keeping financial health in check. About Today's Guest David P. Zgarrick, PhD, is Professor Emeritus in the School of Pharmacy and Pharmaceutical Sciences at Northeastern University. Prior to his retirement in 2022, his positions included Associate Dean of Faculty at Northeastern’s Bouvé College of Health Sciences, Acting Dean of the Northeastern’s School of Pharmacy and Pharmaceutical Sciences, Chair of the Northeastern’s Department of Pharmacy and Health Systems Sciences; John R. Ellis Distinguished Chair of Pharmacy Practice at Drake University College of Pharmacy and Health Sciences; and Vice-chair of Pharmacy Practice at Midwestern University Chicago College of Pharmacy. He is a licensed pharmacist, receiving a BS in Pharmacy from the University of Wisconsin - Madison and a MS and PhD in Pharmaceutical Administration from The Ohio State University. Dr. Zgarrick remains engaged in the profession of pharmacy, consulting with universities and teaching pharmacy practice management and entrepreneurship in the health sciences. His scholarly interests include pharmacy workforce research, pharmacy management and operations, pharmacy education, and development of post-graduate programs. He has published over 150 peer-reviewed manuscripts and abstracts, was co-editor of the textbook Pharmacy Management: Essentials for All Practice Settings, and authored the book Getting Started as a Pharmacy Faculty Member. He was editor-in-chief of the Journal of Pharmacy Teaching, Executive Associate Editor of Currents in Pharmacy Teaching and Learning, and is an editorial board member of Research in Social and Administrative Pharmacy. Dr. Zgarrick is active in many professional organizations, including the American Pharmacists Association (APhA) and the American Association of Colleges of Pharmacy (AACP). He served on AACP Board of Directors for twelve years in three different roles, including as Treasurer from 2016-22. Dr. Zgarrick also served on the Board of Visitors for the University of Wisconsin School of Pharmacy, the Board of Grants for the American Foundation for Pharmaceutical Education, and is a Fellow of the American Pharmacists Association. Mentioned on the Show Episode 291: Redefining Retirement with David Zgarrick, Ph.D. Facebook David Zgarrick LinkedIn David Zgarrick Instagram @davidzgarrick YFP YouTube Channel YFP Book a Discovery Call YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn Tim Baker on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP Real Estate Investing 132: Rent vs Buy: Does Buy Still Make Sense? 42:17

год назад42:17

42:17

Tim Ulbrich talks with Nate Hedrick and David Bright as they break down the rent vs. buy dilemma in today’s market, tackling equity, flexibility, financial strategy, and key market insights. Summary Tim Ulbrich talks with real estate investors Nate Hedrick, PharmD and David Bright, PharmD as they dive into the rent vs. buy decision in today’s housing market, offering practical insights and real-life experiences. They explore the financial benefits of both options, the role of equity, and the flexibility renting provides. Their discussion highlights the importance of understanding local market dynamics, strategic use of home equity, and aligning decisions with personal and financial goals. Mentioned on the Show YFP Real Estate Investing 131 : Revisiting Our 2024 Projections and Looking Ahead to 2025 NY Post Article “Here’s how much more a single-family home costs to buy than rent” Real Estate RPh Concierge Service NYT Rent vs Buy Calculator YFP YouTube Channel Subscribe to the YFP Newsletter YFP Disclaimer YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram David Bright on Instagram YFP Real Estate Investing Website David Bright on LinkedIn Nate Hedrick on LinkedIn Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 393: Ask YFP: Growing Your Income & Saving for Kids College Savings 28:13

год назад28:13

28:13

YFP Co-Founders, Tim Ulbrich and Tim Baker answer two listener submitted questions about growing income and saving for your child’s college education. Summary In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP tackle two listener submitted questions. Cory from Arizona seeks advice on how pharmacists, in addition to cutting expenses, can increase their income to achieve their financial goals. Amanda from Minnesota, inquires about 529 college savings plans and balancing it with other financial priorities. Mentioned on the Show YFP YouTube Channel YFP Blog: 19 Ways to Make Extra Money as a Pharmacist YFP 388: Entrepreneurial Journeys in Pharmacy: Lessons on Growth and Success YFP 384: Beyond Salary: Negotiating Yoru Value in the Workplace YFP Blog: 7 Things to Consider Before Starting a 529 Plan YFP 368: How Much is Enough for Kids College YFP Book a Discovery Call YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn Tim Baker on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 392: Keeping Your Investment Portfolio FIT 39:24

год назад39:24

39:24

Tim Baker, CFP®, and Tim Ulbrich, PharmD, share strategies to address fees, inflation, and taxes, helping you keep your investment portfolio fit and achieve your financial goals. Summary In this episode, Tim Baker, CFP® and Tim Ulbrich, PharmD discuss a crucial topic related to personal finance: keeping your investment portfolio fit. Tim and Tim explore three silent threats to your investments—fees, inflation, and taxes. Learn practical strategies to manage fund fees, mitigate inflation's impact, and use tax-efficient approaches to safeguard your portfolio. Whether you're starting to save or nearing retirement, this episode delivers valuable tips to protect and grow your wealth. Mentioned on the Show YFP YouTube Channel YFP Book a Discovery Call YFP 275: How to Build a Retirement Paycheck YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn Tim Baker on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 391: 7 Books That Shaped My Money Mindset 21:04

год назад21:04

21:04

Tim Ulbrich shares insights from seven financial books that shaped his journey, offering key lessons on saving, spending, mindset, and building wealth. Summary In this episode, Tim Ulbrich highlights seven impactful financial books that shaped his journey, including I Will Teach You to Be Rich by Ramit Sethi, Die with Zero by Bill Perkins, and Rich Dad, Poor Dad by Robert Kiyosaki. He shares key takeaways on topics like balancing saving and spending, adopting a wealth-building mindset, and spending for happiness. Mentioned on the Show YFP on YouTube YFP 390: Financial Resolutions: Top 5 Moves for Pharmacists in 2025 I Will Teach You To Be Rich by Ramit Sethi Die with Zero by Bill Perkins Rich Dad, Poor Dad by Robert Kiyosaki Tax Free Wealth by Tom Wheelwright The Millionaire Next Door by Dr. Thomas Stanley The Next Millionaire Next Door by Dr. Sarah Stanley Fallaw The Compound Effect by Darren Hardy The Total Money Makeover by Dave Ramsey Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 390: Financial Resolutions: Top 5 Moves for Pharmacists in 2025 24:55

год назад24:55

24:55

Tim Ulbrich, YFP Co-Founder, shares 5 key financial moves to align your goals, enjoy life now, and build a secure future. Summary In the first episode of the year, Tim Ulbrich, YFP Co-Founder, dives into strategies for aligning your personal and professional goals to make 2025 your best year yet. He shares five essential financial moves to help you strike the perfect balance between enjoying life today and building a secure future. Learn actionable tips for setting meaningful financial goals, optimizing your tax planning, organizing your financial documents, automating your savings, and crafting a plan for continuous learning. Mentioned on the Show YFP Podcast: How a Couple Left Their Careers to Travel the World YFP Blog: Career Break for Pharmacists: A Practical Guide on Taking a MIni-Retirement IRS Form 1040 YFP Episode 309: Common Tax Blunders Pharmacists Make YFP Legacy Folder Checklist YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP Real Estate Investing 131: Revisiting Our 2024 Projections and Looking Ahead to 2025 33:36

год назад33:36

33:36

David Bright and Nate Hedrick share their annual real estate predictions for the year ahead and reflect on trends of 2024. Summary Join hosts David Bright, PharmD and Nate Hedrick, PharmD as they close out 2024 with their third annual real estate investing predictions. Reflecting on their past forecasts for the year, they explore why rates and housing prices didn’t align with expectations and emphasize the importance of staying adaptable in a shifting market. David and Nate also share their personal investment plans for 2025. About Today's Guests Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi. David Bright is a pharmacist with a heart for teaching. He’s been a full-time professor since 2009 with a passion for implementing and improving pharmacy services. Themes of “implementing and improving” in the pharmacy space are quite similar to themes of “building and fixing” in real estate, which has been a growing hobby for David and his wife, Heather, who bought their first house more than ten years ago. That fixer-upper house became a live-in house flip, which they sold a few years later, only to repeat the process with their next house. When David and Heather got sick of perpetually living in a construction zone, they pivoted to fixing up rental properties in West Michigan, where they now live. David invests in real estate as a way to bring greater diversity to financial planning and to fund memorable life experiences with family and friends. Mentioned on the Show YFP Real Estate Investing Website Subscribe to the YFP Newsletter YFP Disclaimer YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram David Bright on Instagram David Bright on LinkedIn Nate Hedrick on LinkedIn…

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YFP 389: 2024 in Review: Milestones, Highlights, & Giveaway! 10:03

год назад10:03

10:03

Tim Ulbrich, YFP CEO, celebrates over 2 million downloads of the YFP Podcast by sharing some of his favorite episodes and listener stories. He also previews exciting projects ahead in 2025 for YFP. Summary In this special year-end episode, host Tim Ulbrich reflects on a milestone year, celebrating over 2 million downloads of the YFP Podcast. He shares powerful listener stories, recaps his top three episodes of 2024—featuring topics like achieving financial success, landing scholarships, and entrepreneurial journeys in pharmacy—and offers a glimpse into what’s ahead for 2025. Plus, don’t miss your chance to win a $100 Amazon gift card by submitting your show ideas to info@yourfinancialpharmacist.com by January 1st, 2025. Celebrate with us, and gear up for an inspiring year of growth and success! Mentioned on the Show YFP Podcast 365 - Millionaire Theme Hour: From $0 to Seven Figure Pharmacist YFP Podcast 372 - Rising Stars: Meet the YFP Gives Scholarship Winners YFP Podcast: 388 - Entrepreneurial Journeys in Pharmacy: Lessons on Growth and Success YFP Gives YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP 388: Entrepreneurial Journeys in Pharmacy: Lessons on Growth and Success 58:16

год назад58:16

58:16

Four pharmacist entrepreneurs share their journeys from pharmacy to thriving businesses, offering tips, actionable advice and inspiration. This episode is brought to you by APhA . Summary In this engaging panel discussion, four pharmacist entrepreneurs—Brooke Griffin, Jimmy Pruitt III, Kelley Carlstrom, and Natalie Park—share their unique paths from pharmacy to thriving businesses. Discover how they built their ventures, made strategic decisions, and overcame challenges along the way. Gain practical insights into audience building, pricing strategies, navigating sales, and balancing personal and professional growth. Whether you're dreaming up a new idea or ready to expand your business, this episode is packed with actionable advice and inspiration to help you take the next step in your entrepreneurial journey. About Today's Guests Kelley Carlstrom is the CEO and founder of KelleyCPharmD, an education company that fills the considerable gap in clinical oncology training. She is passionate about democratizing oncology pharmacy education and increasing accessibility and inclusion through her unique L.E.A.R.N Oncology Method. Brooke Griffin is a pharmacist, professor, keynote speaker, and professional coach. She offers group and 1:1 coaching for pharmacists who are feeling stuck and want clarity on their next steps. She hosts a motivational 5-minute podcast, Today's Bold Idea, and is on this self-discovery journey alongside all of you. She believes everyone deserves a coach! Dr. Natalie Park is a co-founder and CEO of Pharmesol, an AI pharmacy assistant that automates inbound/outbound calls, messages, and associated workflows such as documentation to save the pharmacy teams time, streamlines operations, and gives 24/7 concierge-like experience for their customers. She is a pharmacist with a passion for leveraging technology and innovation in the pharmacy industry. Jimmy Pruitt III, PharmD, BCPS, BCCCP, BCEMP, a pharmacist and entrepreneur, earned his Doctor of Pharmacy degree from Presbyterian College and completed residencies at Florida Hospital Orlando and Grady Health System. He founded EMPowerRX Conference and Pharmacy & Acute Care University (PACU) to innovate healthcare education and inspire pharmacists to pursue entrepreneurship. In 2021, he received the Excellence in Diversity award and was named Alumni of the Year at Presbyterian College. Dr. Pruitt is also an Emergency Medicine Clinical Pharmacy Specialist at Atrium Health and hosts the "Pharm So Hard" podcast, aiming to educate and elevate the pharmacy profession. Mentioned on the Show Start by Jon Acuff Brooke Griffin on LinkedIn Kelley Carlstrom on LinkedIn Natalie Park on LinkedIn Jimmy Pruitt III on LinkedIn YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group…

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YFP Real Estate Investing 130: From Full-Time Pharmacist to Full-Time STR Investor 45:14

год назад45:14

45:14

Jeff Chheuy, a pharmacist turned real estate investor and content creator, shares his journey and success in real estate investing. Summary In this episode, David Bright and Nate Hedrick talk with Jeff Chheuy, a pharmacist turned full-time real estate investor. Jeff shares his journey into real estate investing and emphasizes the importance of finding the right market for short-term rentals, leveraging tools like Rabbu.com for market analysis, and the benefits of using professional design and photography, property management software. Jeff also shares the importance of mentorship and personal finance education. About Today's Guest Jeff Chheuy is a real estate investor and content creator focused on helping others achieve financial freedom and live a better life. After pivoting from his career as a pharmacist, Jeff built a portfolio of short-term and long-term rental properties generating over $10,000 per month in rental income. Through his platforms on Instagram and YouTube, Jeff shares insights on real estate investing, personal finance, and self-development, empowering his audience to take control of their financial futures. Mentioned on the Show Jeff Chheuy on Instagram Teeco Rabbu.com Subscribe to the YFP Newsletter YFP Disclaimer YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram David Bright on Instagram YFP Real Estate Investing Website David Bright on LinkedIn Nate Hedrick on LinkedIn…

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Rx Money Roundup #18: Can I do a backdoor Roth IRA myself? 18:56

год назад18:56