Scripted Wealth | Money & Meaning for Pharmacists

Key Points From This Episode

• The necessary discussions to have when ending a rehabilitation project.
• How a fluctuating market changes our decisions.
• Why you should be careful and methodical to maximize investment.
• The difficult choice between keeping the property as a rental and selling it for a gain.
• The three key points of making the decision: Do I buy it or do I sell it?
• Assessing near and long-term expenses to ascertain whether investing in that property makes sense.
• Increasing predictability by making all necessary repairs at the beginning of ownership.
• How to assess a house: roof to basement.
• The value of speaking to someone more experienced, for guidance.
• How the overall housing market and specific neighborhood trajectories can be both similar and disconnected.
• The importance of knowing neighborhood-specific market trends.
• How to change a property to fit the statistics that you are looking for.
• Staying on top of nuanced market trends.
• Making wise investments in properties that are undervalued.
• What to do with the money after you sell.
• When it is the right time to sell.
• Nate's dilemma of whether to rent out a property or sell it.

Links Mentioned in Today's Episode

• Lima One Capital: The Nation's Premier Lender for Real Estate Investors
• YFP Real Estate Investing 50: Deep Dive Into Spreadsheet Analysis
• YFP Real Estate Investing 29: Investing with Purpose
• YFP Real Estate Concierge Service
• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing
• Your Financial Pharmacist Disclaimer and Disclosures

Key Points From This Episode

• Understanding Megan Freeland's career by looking at her interests and background in pharmacy.
• How to apply knowledge and experience in pharmacy to the public health system.
• What opportunities Megan took to further explore public health training and experience.
• The hard journey she took to end up at her dream job in the CDC.
• Her passion and motivation for the intersection of public health and writing.
• The influence Megan's family and community had on her passion for public health care.
• Understanding the types of medical writing and how to pursue one.
• A guide to beginning your career as a freelance health content writer.
• Megan's ideas, goals, and motivations behind StockRose Creative.
• A look into how Megan has grown her career on LinkedIn.
• Advice for those starting to pursue their content writing careers.

Links Mentioned in Today's Episode

• Connect with Megan N. Freeland on LinkedIn
• StockRose Creative
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Feminist Women's Health Center
• Student National Pharmaceutical Association (SNPhA)
• CancerQuest
• Health Writing for Health Professionals
• Health Writing for Health Professionals 101 Series
• LinkedIn Creator Accelerator Program
• The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz
• The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level by Gay Hendricks
• 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 Carol in Missoula, MT: How and when should I make extra payments on my student loans?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• 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.

Marissa Deuel, PharmD, shares her experience in the first cohort of the None to One Group Coaching Program and her successful approach to investing in real estate.

Key Points From This Episode

• An introduction to today's guest, Marissa Deuel.
• Marissa's pharmaceutical background and her connection to the hosts.
• The motivation behind Marissa's property investment.
• The clear criteria to filter through potential properties.
• Why you should always check your numbers before investing.
• The vetting, offering, and negotiation process when purchasing a property.
• How to manage the emotions behind a business transaction.
• A rehab plan to maximize the value of and rent of a property.
• Marissa's recipe for successful renovations.
• How to self-manage and budget your own property.
• A look into the "None to One" course.
• How to start planning and walking the path of real estate investing.
• The most useful resources for your real estate journey.

Links Mentioned on Today's Episode

• None to One Group Coaching Program
• Apply for the next None to One Group Coaching Program
• YFP Real Estate Investing Podcast
• Email Marissa Deuel: [email protected]
• Connect with Marissa Deuel on Facebook
• Connect with Marissa Deuel on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Tony Umholtz talks through how to determine how much home you can afford.

Key Points From This Episode

• An overview of today's guest, Tony Umholtz.
• How the real estate purchase market has not slowed down but refinancing has.
• Why we are in a seller's market.
• What rate hikes mean and the impact they have on mortgage rates.
• The impact inflation will have on rates.
• Why locking as soon as possible is preferable when purchasing a home.
• What the 28-36 rule is.
• What banks consider when you apply for a home loan and what factors are more important.
• How the appraisal gap affects the market.
• The importance of considering expenses, fixed and variable, other than the loan.
• How insurance changes depending on what part of the USA you are in.
• The danger of over-committing to personal property insurance.
• The effect of property value on tax and how that changes from state to state.
• An overview of the pharmacist home loan product Tony offers through First Horizon.

Links Mentioned in Today's Episode

• Learn More About First Horizon's Pharmacist Home Loan and Start the Pre-Approval Process
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• YFP 245: Getting Under Contract in a Competitive Home Buying Market
• Apply for the Pharmacist Home Loan
• 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 Jordan in Columbus, Ohio: How can I balance home buying with student loans?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Your Financial Pharmacist: Home Buying
• Three Strategies for Buying a House with Student Loans
• 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.

Key Points From This Episode

• Tony's professional background as a pharmacist.
• What motivated Tony to begin investing in real estate.
• Learn the value of intergenerational wealth and knowledge.
• What Tony's approach ultimately aims to achieve through finance and investing.
• A brief rundown of Tony's real estate investment background and his current portfolio.
• Tony shares his approaches to finance and real estate investing.
• The benefits of fewer and in-demand properties: financial reassurance.
• Why it is essential to get advice when deciding on a real estate investment.
• How Tony approaches managing his properties from day to day.
• The benefits of having handy tenants.
• When Tony thinks it is the best time to start investing in real estate.
• What qualities he thinks an experienced real estate agent should have.
• Tony shares how his love for running helps him decide on real estate investments.
• Some tips and advice for people interested in purchasing real estate.
• Outline of Tony's strategy to combine his pharmacy and real estate experience.
• A resource that he has found the most useful in his real estate journey.

Links Mentioned on Today's Episode

• Pharmacy Residency Podcast
• Tony PharmD Youtube
• The Ramsey Show
• Finding Your Unicorn Job for Pharmacists: Financial Freedom, Flexible Hours, and Personal Fulfillment Beyond the Pharmacy Counter (Pharmacist Residency and Career Series Book 6) by Tony Guerra
• Buffini & Company: Real Estate Coaching & Training
• Work by Referral: Live the Good Life! Proven Strategies for Success and Happiness in the Real Estate Business by Brian Buffini and Joe Niego
• Email Tony Guerra: [email protected]
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

• Dr. Boothe's career path in pharmacy, from clinical roles to leadership and consulting.
• Defining intrapreneurship versus entrepreneurship.
• The pros of allowing for intrapreneurship within an organization.
• Why Dr. Boothe believes pharmacy can do more with more.
• The genesis of The Kimber Boothe Group and the problems it aims to solve.
• Dr. Boothe's growth goals.
• The importance of being intentional about career development.
• The purpose of Dr. Boothe's book, Pharmfluencers, and the information it contains.
• Ways to monetize your knowledge and expertise in the pharmacy industry.
• The power of mindset and tips for shaping a positive mindset.
• The four levels of relationships and why Dr. Boothe believes having a coach is critical.
• Dr. Boothe's transition from being a solopreneur to hiring and filling positions.

Links Mentioned in Today's Episode

• KimberBoothe.com
• Pharmfluencers: The Inspiring Stories of Pharmacy Entrepreneurs by Kimber Boothe
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Medipreneurs
• Pharmovation: Advocate for Resources, Advance Pharmacy Practice, & Accelerate Your Pharmacy Career by Kimber Boothe
• ActionCOACH Business Coaching
• Connect with Kimber Boothe on LinkedIn
• 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 Blake in Indianapolis, IN: How should I adjust my budget to prepare for my first child?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• How To Prepare Financially When Expecting
• 5 Key Financial Moves to Make with a New Baby
• 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 do another deep dive, this time covering how to navigate the major milestones in the real estate purchase process and planning for closing day.

Key Points From This Episode

• Discussion about some of the worries and issues surrounding closing a deal.
• The difference in approach when buying a property for yourself or as a realtor.
• Outline of today's topic: things that need to happen right before closing day.
• Key milestones in the process of purchasing a property.
• The basics of a purchase agreement between the buyer and the seller.
• We learn about the inspection processes and the different types involved.
• Ways in which you can handle the results of the inspection process.
• Benefits when using a qualified inspector/contractor for the inspection process.
• Why the process of identifying the correct titleholder is so important to closing.
• Examples of some of the hidden costs when closing a purchase on a property.
• Differences in process when buying a property in different states.
• Two important questions should ask when closing a deal on a property.
• Tips on what to look for when taking-out insurance on your new property.
• Why you should consider using a lockbox for your new property.

Links Mentioned on Today's Episode

• Download The Pharmacist's Guide to Real Estate Investing
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures