Scripted Wealth | Money & Meaning for Pharmacists

Dr. Christina Fontana, creator of The Pharmacist Coach, shares her journey from pharmacy to entrepreneurship, healing from trauma, and setting goals.

Summary

In this episode of the YFP Podcast, we welcome Dr. Christina Fontana, PharmD, the visionary creator of The Pharmacist Coach. Dr. Fontana shares her inspiring journey from pharmacy to entrepreneurship, revealing the impact of her early experiences and the resilience that fueled her pursuit of a purpose-driven path. From navigating personal challenges like eating disorders and anxiety to healing from childhood trauma, Dr. Fontana discusses her commitment to inner work and counseling as essential components of her transformative process. The episode also explores the intertwined nature of personal growth and business development, with insights into Dr. Fontana's methodology of "structured flexibility." The discussion concludes with a focus on mindset and goal-setting strategies for pharmacists, encouraging alignment with one's true desires and an embodiment of authenticity. Tune in for a captivating exploration of career empowerment, resilience, and setting ambitious goals for the year ahead.

About Today's Guest

Dr. Christina Fontana, AKA The Pharmacist Coach, is a pharmacist, holistic healer, rapid transformation business coach, speaker, and 5-time author. She helps spiritually-driven women to 'Reignite Your Light' and shine in your brilliance, confidence, and true essence.

She started her entrepreneurial journey 11 years ago being disempowered, homelessness, broke, with eating disorders, PTSD, and anxiety and has since transformed, turning her pain into purpose, empowering women all over the world to step into more purpose, power, and prosperity.

Over the last 11 years, Dr. Christina has been providing uplifting, transformational content through her Youtube videos, books, courses, programs, and Conferences. Her mission is to empower more healers and business owners unlock their innate gifts to create a domino effect of healing on the world.

Mentioned on the Show

• Subscribe to the YFP Newsletter
• The Pharmacist Coach®
• Subscribe to the YFP Newsletter
• Christina's LinkedIn
• Monetize Your Magic Facebook group
• Christina's Books
• The Pharmacist Coach on Instagram
• Christina's YouTube Channel
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

Join us as we chat with CPA power duo, Amanda Han and Matt MacFarland from Keystone CPA, Inc. Dive into the tax implications of short-term rentals, explore the benefits of holiday homes, and learn key strategies for maximizing tax benefits in real estate investments. Plus, discover the importance of planning your taxes before year-end.

Episode Summary

In this episode, we explore vacation homes and what they could mean for you and your taxes. We decided to go all-in and dive into the tax implications relating to short-term rentals, and we couldn't think of a better pair to join us for this conversation than the vastly experienced and widely knowledgeable CPA duo, Amanda Han and Matt MacFarland! Amanda and Matt are the founders and managing directors of Keystone CPA, Inc., a financial advisory firm centered on the tax strategies of real estate investing. Join us as we define "depreciation" and "short-term rental," compare the tax benefits of short-term and long-term, find out how holiday homes fit into the picture, tell you everything you need to know about material participation, and discuss the benefits of doing your tax planning and research before the end of the year. We also learn about the implications of changing your property from short- to mid- to long-term rentals, and after honing in on the strategies for maximizing tax benefits in investment partnerships, Amanda and Matt still have some tricks up their sleeve as they share more valuable tax-saving advice!

About Today's Guest

Amanda Han & Matt MacFarland are CPAs and tax strategists who specialize in helping people use real estate to save massive amounts in taxes and keep their hard earned money. They help educate investors on how to maximize tax write-offs, legal entity strategies, tax-efficient ways to access profit, how to use 401K money for real estate, and much more.

They are authors of the highly rated book Tax Strategies for the Savvy Real Estate Investor and they have been featured in prominent publications including the Forbes Finance Council, Money Magazine, Talks at Google, CNBC's Smart Money Talk Radio as well as the BiggerPockets podcasts.

Today, Amanda & Matt have helped thousands of investors nationwide to save on taxes with proactive tax planning.

Mentioned on the Show

• Amanda Han
• Amanda Han on LinkedIn
• Amanda Han on Instagram
• Amanda Han on X
• Matt McFarland LinkedIn
• Keystone CPA, Inc.
• The Book on Tax Strategies for the Savvy Real Estate Investor
• 'Episode 109: How Two Pharmacists Pay No Income Tax through Real Estate'
• 'Episode 18: Tax Strategies for Real Estate Investing'
• Animals for Armed Forces
• Airbnb
• Vrbo
• 'Episode 54: Using Cost Segregation to Optimize Real Estate Tax Benefits'
• Nate Hedrick on Instagram
• David Bright on Instagram
• Your Financial Pharmacist
• YFP Real Estate Investing Facebook Group

Join Tony Umholtz from First Horizon Bank as he forecasts 2024 housing market trends and offers expert insights. Sponsored by First Horizon Bank.

Summary

With inflationary pressures historically high and inventory tight, many people are feeling understandably nervous about the housing market as 2023 comes to a close. But what can homeowners and homebuyers expect in 2024? To help us answer this question, we are joined once again by Tony Umholtz, a mortgage loan officer with First Horizon Bank. In this episode, we tap into Tony's 20-plus years of experience in the industry to get his input on current trends in the housing market, what makes this cycle different from 2008-2009, the correlation between presidential election years and interest rates, and what prospective homebuyers should be doing right now to get ready to buy a home in the new year, plus so much more! For a comprehensive overview of the key market trends that pharmacists and healthcare professionals need to consider when buying a home, be sure to tune in today. Episode sponsored by First Horizon Bank.

About Today's Guest

Tony Umholtz graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman's Guide, Mortgage Executive magazine, and Mortgage Originator magazine.

Mentioned on the Show

• Subscribe to the YFP Newsletter
• Tony Umholtz
• First Horizon
• Tony Umholtz on LinkedIn
• Tony Umholtz on Instagram
• First Horizon Pharmacist Home Loan
• YFP 285: Cracking the Code on Home Buying Loan Options
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Real Estate Investing Facebook Group
• YFP Disclaimer
• Tim Ulbrich on LinkedIn

Alex Barker, CEO and Founder of The Happy PharmD returns to break down trends in the pharmacy job market.

Summary

In this episode, we welcome back Alex Barker, PharmD, Founder and CEO of The Happy PharmD. Alex shares an update on trends in the pharmacy job market, including his outlook on the trajectory of the profession, projecting into the landscape of 2024 and beyond. He shares his thoughts on the #pharmageddon movement, with recent walkouts and efforts to unionize making headlines. He also breaks down a recent survey he posed on LinkedIn that shows the desire for more remote work opportunities and more pharmaceutical industry roles.

About Today's Guest

Dr. Alex Barker is the CEO and Founder of The Happy Pharm D, a nationwide coaching firm guiding pharmacists to inspiring careers and more fulfilling lives. Alex is an accomplished public speaker, a published author and teacher. Since 2017, his coaching program and career development seminars have guided over 2,000 pharmacists into new jobs and roles they love. His book Indispensable: A prescription for a fulfilling pharmacy career, has motivated countless pharmacists to love pharmacy again. Alex is a husband and the proud father of two daughters. He loves drinking coffee and eating good guacamole (though not at the same time). When he isn't working, which happens occasionally, he plays Nintendo, Dungeon & Dragons, and reads comics.

Mentioned on the Show

• The Happy PharmD
• Alex Barker on LinkedIn
• The War On Normal People by Andrew Yang
• Subscribe to the YFP Newsletter

In this Pharmacy Innovators episode, sponsored by First Horizon, Dr. Adam Martin joins Dr. Corrie Sanders to share keys to success and living at a high level.

Summary

On this episode in our Pharmacy Innovators series hosted by Corrie Sanders, PharmD, we get a masterclass from Tony Robbins coach Adam Martin, PharmD.

You'll want to get our your journal to write down the wisdom Adam shares. He dives deep into the keys of success and living life at a higher level, emphasizing the importance of having fun in your journey to success. The message is clear: if you're not having a blast, you might be doing it wrong.

Are you in the right environment? Are external influences steering you off course?

Success leaves clues, and Adam shares a powerful tip for achieving it quickly: proximity. The three-step mantra is simple—get close to people playing the game at the level you aspire to.

A must listen episode for everyone looking to become their best self and living life as it was intended!

About Today's Guest

As a Tony Robbins Results Coach and Business Results Trainer, my focus is not only on where you want to be, but also on recognizing the value of the space you're currently in—the space between where you used to be and where you desire to go. It is within this space that growth and transformation happen, and my role is to leverage the progress you've already made to propel you towards the results you truly deserve. I am dedicated to helping individuals achieve unprecedented levels of success and transformation, all while ensuring that the process is enjoyable and fulfilling.

Creator of The Fit Pharmacist, I host the weekly Script Your Confidence Podcast. As a doctorate in pharmacy having written multiple authored books, along with running my own speaking business and being certified as a personal trainer and nutrition consultant, I possess over a decade of experience working with high-level clients. I have honed my expertise in guiding clients towards their goals, overcoming limitations, and maximizing performance through a deep understanding of human behavior and performance. My coaching approach is results-focused, action-oriented, and tailored to the unique needs and aspirations of each client.

My clients come from diverse backgrounds, including entrepreneurs, healthcare professionals, executives, athletes, and individuals seeking personal growth and fulfillment. I am committed to creating a results-driven coaching environment where they can transform burdens into blessings by mastering the art of resourcefulness and overcoming past obstacles.

I utilize cutting-edge tools and strategies from Tony Robbins' proven methodologies, combined with my insights and expertise from implementing his material in my own life. This combination facilitates powerful shifts and helps individuals unlock the next level of their potential.

My mission is to coach you to unlock your full potential, live a life of personal excellence, amplify your impact, and create a future that surpasses your wildest dreams.

Mentioned on the Show

• Awaken the Giant Within
• Tony Robbins Coaching Website – Team Adam Martin
• Dr. Adam Martin LinkedIn
• Blueberry Pharmacy
• Subscribe to the YFP Newsletter

Explore real estate investing highs and lows with Steven Nguyen as he shares about risk management and his experience investing in a mobile home park.

Episode Summary

In this episode of Your Financial Pharmacist Real Estate Investing Podcast, we explore the highs and lows of real estate investing with a seasoned expert. Our guest, Steven Nguyen, PharmD shares key strategies for navigating challenges, emphasizing the critical elements of risk management and scaling. He provides a firsthand account of renovating a 20-unit apartment complex, highlighting the role of hard money lenders and the intricacies of cash-out refinancing in a rapidly evolving market. Steven also candidly shares the lessons learned from owning a mobile home park, offering a rare glimpse into the challenges that arise in this unique sector.

About Today's Guest

Steven Nguyen graduated from pharmacy school in 2013 and has worked as an inpatient pharmacist in California for the first four years and then as a pharmacy director for the last five years. From 2013 to 2017, he focused on paying off over $250,000 in pharmacy school debt, and once paid off, he shifted his focus to real estate. Steven started house-hacking single-family homes for three years, then quickly realized that it wasn't scalable. He transitioned to commercial real estate, focusing on apartment complexes and mobile home parks. Steven started a direct mailing campaign and acquired a 26-unit apartment complex and 200-lot mobile home park in 2021 and a 20-unit apartment complex in 2022. Steven Nguyen is based in California but invests predominantly in Oklahoma and Alabama. Steven has a buy-and-hold philosophy and likes to force appreciation via value add strategies and then execute a cash-out refinance to pull out money tax-free, so he can continue to buy more real estate. Over the past five years, Steven has built a real estate investment portfolio of close to 90 units and was able to scale that portfolio while working full-time as a pharmacy director without any partners.

Mentioned on the Show

• YFP REI Ep 86
• LoopNet
• Connect with Steven Nguyen on YouTube
• Follow Steven Nguyen on Instagram: @makingmultifamilymoney
• Follow Steven Nguyen on TikTok: @makingmultifamilymoney

Explore philanthropic insights with Tom Dauber, Founder of Abundant Vision, covering donor considerations, impact assessment, and affluent traits.

Summary

Curious about donating to nonprofits and giving financial gifts in general? This week we welcome Tom Dauber, Founder of Abundant Vision Philanthropic Consulting. In our interview, Tom shares his knowledge gained from over two decades of involvement in fundraising initiatives and campaigns, offering valuable perspectives to consider when contributing to an organization or cause. He sheds light on the vital questions that prospective donors should examine before making substantial contributions, how to determine the alignment of the gift with the potential impact, and the defining characteristics of wealthy donors, including their career paths, educational backgrounds, and wealth acquisition strategies.

About Today's Guest

Tom solicited his first "major gift" at age 17 and ran his first fundraising event the following year. After receiving his BFA from Bowling Green State University in 1998, he began his career in non-profit sector. Over the past decade Tom has directed teams responsible for $120M in fundraising initiatives and campaigns. his experience spans faith-based, health science and health system fundraising. From 2005-2019 Tom was the Chief Development Officer for The Ohio State University College of Pharmacy. During his tenure, he grew pharmacy fundraising revenue by 40% annually, taking them from $1.5M annually to over $10M. Tom oversaw alumni affairs, corporate engagement, communications and fundraising for the school and served as President of the AACP Advancement Special Interest Group. Today Tom is the President of Abundant Vision Philanthropic Consulting. He began the company to help small and medium size foundations benefit from high caliber fundraising expertise. Tom is a life-long resident of Central Ohio, growing up just outside of Columbus in rural Johnstown. These days he lives in Westerville, Ohio with his wife Tracey Papenfuss DVM, PhD. Together they have four kids, three dogs and two cats.

Mentioned on the Show

• Thomas Dauber on LinkedIn
• Abundant Vision Philanthropic Consulting
• Bowling Green State University
• Central Iowa Youth for Christ
• Ohio State University at the College of Dentistry
• Tax Exempt Organization Search
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter

On this episode, sponsored by First Horizon, YFP Director of Tax, Sean Richards CPA, EA, summarizes a tax checklist for small business owners.

Summary

Too many of us are caught in the trap of only looking at taxes during tax season. As a small business owner, missing the tax mark can have significant consequences in the form of surprise payments due, missed deductions and credits, and constantly wondering if there is something else you should be doing.

So whether you are a seasoned business owner or just starting, on this week's episode, sponsored by First Horizon, YFP Director of Tax, Sean Richards, CPA, EA walks us through a small business owner tax checklist including eight key areas that demand your attention. He touches on the fundamentals of bookkeeping, qualified deductible expenses, the benefits of financial projections to make estimated payments, the significance of S Corp status, insights on determining your owner's compensation, and much more.

Mentioned on the Show

• Sean Richards on LinkedIn
• First Horizon's Pharmacist Home Loan
• Profit First
• Simple Numbers, Straight Talk, Big Profits!
• YFP Tax
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Disclaimer

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group.

Mentioned During the Show

• YFP Facebook Group
• YFP Life Inusurance for Pharmacists: The Ultimate Guide

Submit Your Question

Have a question you would like us to feature on an upcoming episode? Send us an email at [email protected] or record your question at www.yourfinancialpharmacist.com/askyfp

Your Financial Pharmacist Disclaimer and Disclosures

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. For more information visit https://yourfinancialpharmacist.com/disclaimer/

On this episode, sponsored by Pyrls, Lan Ho, PharmD, Founder of Fat Miilk, shares her journey going from pharmacist to full-time entrepreneur featured on Gordon Ramsay's Food Stars.

Summary

Joining us this week on the YFP Podcast is Lan Ho, PharmD, Founder of Fat Miilk Vietnamese Coffee Company based in Chicago, Illinois. Tune in as we dive into her career journey in pharmacy before she shares why she started Fat Miilk, what she learned after appearing on Gordon Ramsay's Food Stars, the most important thing she's learned about herself since starting the business, and what lies ahead for Fat Miilk in the coming years. We discuss every step of Lan's incredible journey to full-time entrepreneurship which began with an unexpected furlough from a retail pharmacy position in in 2020. We explore the rewards available when you are willing to take a risk, the biggest areas of growth she has experienced along the way, and why she is choosing a clicks-to-bricks approach to building her business.

About Today's Guest

Lan Ho is a first-generation Vietnamese American who made a bold career change from pharmacist to beverage entrepreneur after being furloughed during the pandemic. She pivoted to pursue her dream and successfully launched Fat Miilk - Chicago's first Vietnamese CPG coffee company. The brand saw instant global recognition when Bon Appetit listed Fat Miilk on their "Highly Recommend" list. Fat Miilk can be found in publications, including Eater, TimeOut, Thrillest, Roast Magazine, and more. Lan is recognized as a thought leader in consumer branding, customer experience, CPG, and the coffee industry. She was recently a finalist on Gordon Ramsay's Food Stars on FOX network, where she represented her brand, leadership, and entrepreneurial story. Lan is currently expanding Fat Miilk's reach through e-commerce and with Chicago's first Vietnamese coffee bar showcasing a full cultural experience. She aims to inspire more minority representation in mass media, entrepreneurship, and executive roles.

Mentioned on the Show

• Lan Ho on LinkedIn
• Lan Ho on X
• Lan Ho on Instagram
• Fat Miilk Vietnamese Coffee
• Gordon Ramsay's Food Stars
• Truffl
• Pyrls
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter