Stuff About Money They Didn't Teach You In School

Pharmacy and Owning Your Own Business with Jeff Rodriguez

Listen Later

Mom and pop pharmacies are a part of many people’s lives. But behind the storefront, there’s a whole world of owning your own business, managing finances, and paying off student loans!


Family pharmacy owner and pharmacist Jeff Rodriguez joins Erik Garcia, CFP®, BFA, and Xavier Angel, CFP®, ChFC, CLTC, to talk about the financial ins-and-outs from being a pharmacist. In addition to chatting with our hosts about retail versus specialty pharmacy and the financial complications of opening your own business, Jeff recounts the story of a mysterious old fisherman spouting financial maxims.


Episode Highlights:

  • Jeff shares his experience of opening his pharmacy right before the COVID-19 pandemic and how he managed to grow his business during that time. (3:08)
  • Jeff discusses the importance of learning how to manage money after graduating from pharmacy school, including how to spend, save, and invest. (6:51)
  • Jeff advises graduating students to find a financial advisor to help with managing their money student loans. (16:30)
  • Erik discusses the importance of finding passion in work and how work can fund one's passion, even if it's not necessarily what they're passionate about. (23:11)
  • Jeff shares his experience as a workaholic and the importance of investing money wisely. (25:42)
  • Xavier emphasizes the importance of building relationships with financial advisors to come up with a strategy for managing money. (26:51)
  • Jeff discusses the importance of time and patience in building wealth. (29:36)


    • Key Quotes:

    • “Money management, really, it's a balance, right? We all spend money, we, you know, we work hard for it. So it's all about just a balance between how to spend it, how to save it.” - Jeff Rodriguez
    • “The big thing for students now is, is find a financial advisor if you're not money savvy, if you're not a saver, if you really need to manage things right, because it can spiral out of control with you as far as a spender. ”Jeff Rodriguez


      • Resources Mentioned:

      • Jeff Rodriguez LinkedIn
      • Rodriguez Family Pharmacy
      • Facebook: Rodriguez Family Pharmacy
      • Erik Garcia, CFP®, BFA
      • Xavier Angel, CFP®, ChFC, CLTC
      • Plan Wisely Wealth Advisors
        • ...more
        View all episodesView all episodes
        Download on the App Store
        Stuff About Money They Didn't Teach You In SchoolBy Erik Garcia, CFP®, Xavier Angel
        • 5
        • 5
        • 5
        • 5
        • 5

        5

        8 ratings

        More shows like Stuff About Money They Didn't Teach You In School

        View all
        The Insurance Guys Podcast by Scott Howell & Bradley Flowers

        The Insurance Guys Podcast

        203 Listeners

        The Ryan Hanley Show by Ryan Hanley, Bleav

        The Ryan Hanley Show

        145 Listeners

        Shawn Ryan Show by Shawn Ryan

        Shawn Ryan Show

        40,687 Listeners