Scripted Wealth | Money & Meaning for Pharmacists

Thomas Castelli, CPA, CFP®, a tax strategist and real estate investor, discusses the benefits of passive real estate investing for busy pharmacists and employing tax strategy to get the most out of your real estate investments from a tax perspective.

Links Mentioned in Today's Episode

• Tax Smart Real Estate Investors Podcast
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Investopedia: Tax Reform Act of 1986
• REPS 03: Strategies to Qualify as a Real Estate Professional & Busting the Myths of the Internet
• The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications by Brian Burke
• Left Field Investors
• Tax Smart Real Estate Investors Facebook Group
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Tim Ulbrich, PharmD, is joined by YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, to kick off a two-part series on ten common social security mistakes to avoid.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
• Social Security Administration
• Your Financial Pharmacist Disclaimer and Disclosures

Michael Crowe, PharmD, MBA, a certified specialty pharmacist, talks about having a meaningful career in pharmacy while passively investing in real estate through some creative investing ideas.

Links Mentioned in Today's Episode

• Mint
• Follow Michael Crowe on Facebook
• Connect on Michael Crowe LinkedIn
• Mitten Getaways Glamping Co.
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Dr. Victoria Reinhartz, CEO of Mobile Health Consultants, a business founded to solve the access to care problem by empowering interprofessional Mobile Integrated Health and Community Paramedicine teams, discusses her motivation for building Mobile Health Consultants, the target audience and how this has evolved, how she overcame the initial hurdles of starting a business, and how she balances running a business while working in an academic position.

Links Mentioned in Today's Episode

• Mobile Health Consultants
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with Victoria Reinhartz on LinkedIn
• The Happy PharmD
• U.S. Small Business Administration: Small Business Development Centers
• YFP 266: How One Pharmacy Entrepreneur Started a Keto-Based Medical Practice
• Ycombinator: What's the Second Job of a Startup CEO?
• Watch Reinhartz Rundown on YouTube
• Connect with Victoria Reinhartz on Facebook
• Your Financial Pharmacist Disclaimer and Disclosures

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, talk through what to do with your old house and real estate investment strategies at play when planning to move to a new primary residence.

Links Mentioned in Today's Episode

• YFP Real Estate Concierge Service
• REI 85: Pharmacist House Hacking in a HCOL State
• REI 05: None to One: How to Get Your FIRST Investment Property
• REI 43: How Jenny and Myke are Trading Up on Their Primary Residence
• REI 18: Tax Strategies for Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Connect with David Bright on LinkedIn
• Connect with Nate Hedrick on LinkedIn
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

This week, Dr. Lauren Castle, founder of Functional Medicine Pharmacists Alliance, discusses how her experiences working with Walmart in influencer marketing and personal branding helped prepare her for growing her business, why she started FMPhA to integrate pharmacists into functional medicine, and her transition from employee to entrepreneur.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Functional Medicine Pharmacists Alliance
• Ohio Pharmacists Association
• YFP 123: Leveraging Your Expertise to Start a Side Hustle
• Functional Medicine Pharmacists Alliance Facebook Group
• Smart Passive Income Podcast with Pat Flynn
• Functional Medicine Continuing Education
• The Tim Ferriss Show
• Purpose is More than a Side Hustle: It's Our Built in GPS by Joe Colavito
• DrLaurenCastle.com
• Connect with Dr. Lauren Castle on Facebook
• Follow Dr. Lauren Castle on Instagram: @drlaurencastle
• Follow Dr. Lauren Castle on Twitter: @drlaurencastle
• Follow Dr. Lauren Castle on TikTok: @drlaurencastle
• Your Financial Pharmacist Disclaimer and Disclosures

Dr. Matt Kauflin, Co-Founder at Teach Me Pharm, discusses the creation of Teach Me Pharm, how his pharmacy-related side hustles helped to fund his growing real estate portfolio, and his plans to build generational wealth.

Links Mentioned in Today's Episode

• Connect with Matt Kauflin, PharmD, BCPS on LinkedIn
• Teach Me Pharm
• Replace Your Income: A Lawyer's Guide to Finding, Funding, and Managing Real Estate Investments by Brian T. Boyd
• Follow Teach Me Pharm on Instagram: @teachmepharm
• Follow Teach Me Pharm on Twitter: @teachmepharm
• Like Teach Me Pharm on Facebook
• Follow Matt Kauflin on Instagram: @mkauflin
• Connect with Matt Kauflin on Facebook
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Dr. David Zgarrick, a Professor Emeritus of Northeastern University, shares why he views the next phase of life as a preferment phase of his career, why he started planning financially early in his career, and advice for new grads facing the financial headwind of competing priorities including student loans, saving for the future, and buying a home.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Connect with David Zgarrick on LinkedIn
• Retirement Stepping Stones: Find Meaning, Live with Purpose, and Leave a Legacy by Tony Hixon
• Your Financial Pharmacist Disclaimer and Disclosures

Dr. Michael Lee, a pharmacist and newly minted real estate agent, shares his mindset and approach to starting new ventures, insights that pharmacist real estate investors can apply to take on any new challenge, and his tips for getting out of your comfort zone as a rookie in the field of real estate.

Links Mentioned in Today's Episode

• The Your Financial Pharmacist Podcast
• Connect with Michael Lee on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Sean Richards, CPA, EA returns to the podcast to discuss the difference between tax planning and tax preparation, how effective tax planning can prevent costly mistakes, tax changes for 2023, and the basics of YFP's Comprehensive Tax Planning.

Links Mentioned in Today's Episode

• Learn more about YFP Tax
• YFP Tax Comprehensive Tax Planning
• YFP 283: How to Optimize Your Tax Situation with Sean Richards, CPA
• You Can't Undo That: How Tax Planning Can Prevent Costly Mistakes
• YFP Real Estate Investing Podcast
• Inflation Reduction Act of 2022
• Email Sean Richards: [email protected]
• Schedule a YFP Tax Discovery Call
• Get Started with YFP Tax
• Your Financial Pharmacist Disclaimer and Disclosures