Scripted Wealth | Money & Meaning for Pharmacists

Claude Condo, RPh, shares how he transitioned from a pharmacist looking for passive income to an expansive commercial property investor while maintaining a fulfilling career in pharmacy.

Links Mentioned in Today's Episode

• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Rich Dad Real Estate, Stock Trading and Personal Finance Coaching
• Condo Foundation
• Rx Real Estate Investment
• Connect with Rx Real Estate Investment on LinkedIn
• Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan
• Connect with Claude Condo on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

YFP Planning Lead Planners Kelly Reddy-Heffner and Robert Lopez dig into the recent student loan announcements from the Biden Administration including the extension of the administrative forbearance, student loan debt cancellation, updates to the Income Driven Repayment Plan, and what you can do now while you wait for more information to be released.

Mentioned on the Show:

• The Your Financial Pharmacist Facebook Group
• YFP Planning: Holistic, Fee-Only Financial Planning for Pharmacists
• Studentaid.gov
• YFP Student Loan Analysis Service with YFP Planning Lead Planners Kelly Reddy-Heffner or Robert Lopez

Tim Ulbrich, PharmD, sits down with Tim Baker, CFP®, RLP®, to discuss how much you need for retirement in part one of the four-part series focused on retirement planning.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join APhA - Get 25% Off Your Membership with Code: YFP
• YFP 253: YFP Planning Case Study #1: Growing a Family, Paying Off Student Loans, and Buying a House
• YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids' College, and Paying Off Debt
• YFP 270: YFP Planning Case Study #3: Financial and Life Considerations As Retirement Nears
• YFP Tax
• Your Financial Pharmacist Disclaimer and Disclosures

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook group: Should we pay off our current mortgage with money we've been saving for our forever home to be debt free?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Ask a YFP CFP #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?
• YFP 253: YFP Planning Case Study #1: Growing a Family, Paying Off Student Loans, and Buying a House
• YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids' College, and Paying Off Debt
• YFP 270: YFP Planning Case Study #3: Financial and Life Considerations As Retirement Nears
• Send in your questions here or to [email protected]
• 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.

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, share digital resources to help pharmacist real estate investors with deal analysis.

Links Mentioned in Today's Episode

• YFP Real Estate Concierge Service
• YFP Real Estate Investing
• Find an Investor-Friendly Agent
• Join the YFP Real Estate Investing Facebook Group
• MLS: Multiple Listing Service
• realtor.com
• Zillow
• Zillow Rent Estimate Calculator
• Redfin
• Rentometer.com
• YFP Real Estate Investing 71: Knowing When to Walk Away
• craigslist
• Facebook Marketplace for Real Estate
• Download the Property Analysis Spreadsheet
• Your Financial Pharmacist Disclaimer and Disclosures

Tony Umholtz takes questions from the YFP Facebook Group related to financing a home purchase including how much down payment is required with a doctor-type loan, what to look for when choosing a lender, and ways to reduce the interest rate in a loan.

Links Mentioned in Today's Episode

• Learn More About First Horizon's Pharmacist Home Loan and Start the Pre-Approval Process
• Join the Your Financial Pharmacist Facebook Group
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• 5 Steps to Get a Home Loan
• S&P/Case-Shiller U.S. National Home Price Index
• Your Financial Pharmacist Disclaimer and Disclosures

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook group: Should we pay off all of our student loan debt now to save on interest charges if it will deplete our savings?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Join the Your Financial Pharmacist Facebook Group
• Learn More About Our 1:1 Student Loan Analysis with a CFP®
• Send in your questions here or to [email protected]
• 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.

Alex and Erin Failaev, healthcare professionals and real estate investors, discuss their real estate investing strategies and shared goal-oriented mindset that took them from their first investment property to a portfolio of nearly 50 rental units in less than five years.

Links Mentioned in Today's Episode

• BiggerPockets
• BiggerPockets Bookstore
• Brandon Turner
• Follow Alex Failaev on Instagram: @alexfailaev
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP® to discuss a financial planning case study on financial and life considerations as retirement nears.

Links Mentioned in Today's Episode

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• YFP Planning: Financial Planning for Pharmacists
• Schedule a Free Discovery Call with YFP Planning
• Case Study #3 Summary Sheet
• Forbes: The Value of Sound Financial Decisions: From Alpha to Gamma
• Genworth: Cost of Care Trends and Insights
• Your Financial Pharmacist Disclaimer and Disclosures

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Alysha in Seattle, Washington: How can I best maximize the IRS tax credit for residential solar panel installation?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Send in your questions here or to [email protected]
• 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.