Scripted Wealth | Money & Meaning for Pharmacists

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Kelly Reddy-Heffner, CFP®, CSLP®, takes this question from Amelia in Tampa, Florida: What does the life insurance policy cancellation process look like?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Your Financial Pharmacist: Insurance For Pharmacists
• Send in your questions here or to [email protected]

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.

Jenny and Myke White join Nate Hedrick and David Bright to discuss some common fears about purchasing a real estate investment property, specifically taking the jump from none to one, their process for screening tenants, how to build a team, and the importance of networking.

Mentioned on the Show

• YFP Concierge Service
• YFP 148: How One Couple Got Started in Real Estate Investing
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Bigger Pockets
• Join the YFP Real Estate Investing Facebook Group
• Realtor.com
• Zillow
• Bigger Pockets Free Real Estate Webinars
• Bigger Pockets Rental Property Calculator
• Bigger Pockets BRRRR Calculator
• Connect with Jenny on Bigger Pockets
• Bigger Pockets Real Estate Podcast
• Bigger Pockets Bookstore
• Bigger Pockets Forums
• MLS Multiple Listing Search
• Redfin
• YFP Calculators
• rentometer
• Join the Investment Mindset Book Club Facebook Group
• National Real Estate Investors Association
• Join the Real Estate Roundup Facebook Group
• Bigger Pockets Intro to Real Estate Webinars
• Bigger Pockets Youtube Channel
• YFP Real Estate Investing

Dr. Jeff Keimer, author of the brand new book FIRE Rx: The Pharmacist's Guide to Financial Independence, joins Tim Ulbrich on this week's episode. If you've heard about the FIRE (Financial Independence, Retire Early) movement before, you know that this is a powerful strategy to build wealth and to put yourself in control of your financial future. Regardless of whether or not you have early retirement goals, achieving financial independence gives you options when it comes to how you spend your time and money. On this episode, Jeff talks about why he wrote FIRE Rx, his FIRE journey, how to calculate how much you need to retire, three reasons pharmacists should consider pursuing FIRE, and how FIRE can change your relationship with money.

Mentioned on the Show

• Live Oak Bank: Loans and Financial Solutions for Pharmacies
• Now Available to Order: FIRE Rx: The Pharmacist's Guide to Financial Independence by Jeff Keimer, PharmD
• The FIRE Prescription: How to Retire Early as a Pharmacist
• Debt Free Story Q&A with Jeff and Alex Keimer
• Join the Your Financial Pharmacist Facebook Group
• YFP 104: Jason Long's FIRE Journey
• YFP 111: How One New Practitioner is on FIRE
• YFP 188: Playing with FIRE: An Interview with Scott Rieckens
• Mr. Money Mustache
• YFP 196: How Cory Uses Improv to Create a Better Healthcare Experience
• Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Dominguez
• I Will Teach You To Be Rich by Ramit Sethi
• How Much You Need to Hang Up Your Coat: All About the 4% Rule
• Determining Withdrawal Rates Using Historical Data by William P. Bengen
• The Shockingly Simple Math Behind Early Retirement by Mr. Money Mustache
• Order Your Copy of FIRE Rx: The Pharmacist's Guide to Financial Independence by Jeff Keimer, PharmD by May 22 and Get 20% Off

On this episode, Nate Hedrick and David Bright welcome pharmacist and real estate investor, Tanh Truong, to the show to discuss how and why he got started in real estate investing early in his pharmacy career. Tanh shares how he stays motivated, long and short-term goals, and inspiration for new investors.

Mentioned on the Show

• Real Estate RPh
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Bigger Pockets
• Bigger Pockets Forums
• Bigger Pockets Bookstore
• MLS Multiple Listing Search
• The 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months by Brian P. Moran and Michael Lennington
• The Book on Managing Rental Properties: Find, Screen, and Manage Tenants with Fewer Headaches and Maximum Profits by Heather and Brandon Turner
• Bigger Pockets Real Estate Podcast
• Buy, Rehab, Rent, Refinance, Repeat by David Greene
• Connect with Tanh Truong on Facebook
• Follow Tanh Truong on Instagram @gin_n_tanhic
• Email Tanh Truong: [email protected]
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group

Tim Ulbrich welcomes Dylin Redling and Allison Tom, creators of Retireby45.com and authors of two books, Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement and Investing for Kids: How to Save, Invest and Grow Money to the show. Dylin and Allison talk about their FIRE journey and share practical advice and meaningful activities to help teach kids about money and investing.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Retire by 45
• Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement by Dylin Redling and Allison Tom
• Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling and Allison Tom
• Register for the Free Webinar: Developing an Investing Plan for Financial Independence
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD
• Retire by 45 Blog
• Our $10K Investment Experiment: Testing 5 Very Different Options Over 12 Months
• YFP Planning: Financial Planning for Pharmacists
• The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J. L. Collins
• I Will Teach You To Be Rich by Ramit Sethi
• Connect with Retire by 45 on Facebook
• Follow Retire by 45 on Instagram: @retire_by_45
• Follow Retire by 45 on Twitter: @retire_by_45

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Suzannah in the YFP Facebook Group: How can I get rid of a piggyback loan?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• Send in your questions here or to [email protected]

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.

On this episode, Nate Hedrick and David Bright welcome real estate investing partners, Blake Johnson, PharmD, and Zac Hendricks to the show. Blake and Zac discuss their why behind real estate investing, their networking strategy, and tools and tips they use to run numbers on deals.

Mentioned on the Show

• Join the YFP Real Estate Investing Facebook Group
• YFP 168: How Blake and Zac Analyze Real Estate Deals
• YFP 082: Debt Free Theme Hour with the Teacher and Pupil
• Dave Ramsey
• Bigger Pockets Real Estate Podcast
• MLS Multiple Listing Search
• DealMachine
• Bigger Pockets: The 1% Rule in Real Estate: Is This a Realistic Way to Evaluate Rentals?
• Zillow Mortgage Calculator
• Bigger Pockets
• Bigger Pockets Forums
• Bigger Pockets Bookstore
• Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
• Email Blake Johnson at [email protected]
• Connect with Hendricks Remodeling Co.
• YFP Real Estate Investing

On this episode, Tim Ulbrich talks with Trey Lowery about his experiences taking a non-traditional path towards residency training. They discuss why Trey decided to go back to complete residency training, how he and his wife were able to make the transition from a six-figure to a resident salary, and financial tips for those going back to do residency or making a job transition.

Mentioned on the Show

• Take the Financial Fitness Test
• Mint
• YFP Budget Template
• YNAB
• Pharmacists: Occupational Outlook Handbook
• YFP Planning: Financial Planning for Pharmacists
• Dave Ramsey
• The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• Join the Your Financial Pharmacist Facebook Group

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Stacey in Jacksonville, Florida: How do I correctly contribute to a Traditional IRA and Roth IRA?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• YFP 096: How to Do a Backdoor Roth IRA
• Why Most Pharmacists Should do a Backdoor Roth IRA
• Send in your questions here or to [email protected]

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.

On this episode of the YFP Real Estate Investing Podcast, pharmacist and real estate investor Jared Wonders, joins Nate and David to discuss his experience as a pharmacist and real estate investor with a variety of property and deal types. Jared explains how to get started in real estate, how to know when you are ready for your first deal, and some foundational education for those who are just getting ready to get started in real estate investing.

Mentioned on the Show

• Bigger Pockets
• YFP Real Estate Investing 01: Intersection Between Financial Planning and Real Estate
• YFP 111: How One New Practitioner is on FIRE
• FIRE Movement
• Dave Ramsey
• Real Estate Investors Association (REIA)
• Rental Income Podcast
• Connect with Jared Wonders on Bigger Pockets
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group