Scripted Wealth | Money & Meaning for Pharmacists

On this episode, Dr. Sarah Stanley Fallaw, co-author of The Next Millionaire Next Door and founder of DataPoints LLC, a behavioral assessment advisor fintech company, joins Tim Ulbrich to talk about the surprising secrets of those who achieve millionaire status, how psychology and personal finance intersect, and why it is so important to understand your financial behaviors and tendencies.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D.
• DataPoints: The Science of Building Wealth
• YFP 035: The Science of Behavioral Finance
• YFP Planning: Financial Planning for Pharmacists
• The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.
• DataPoints: Money Personality Quiz
• Connect with Sarah Fallaw on LinkedIn
• Follow Sarah Fallaw on Twitter @sarahfallaw
• DataPoints Blog
• The Millionaire Next Door Blog

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 Keith in Cleveland, Ohio: Is cryptocurrency a good investment vehicle?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Your Financial Pharmacist Tax Services
• 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.

Welcome to the YFP Real Estate Investing Podcast! On this episode, hosts Nate Hedrick and David Bright welcome Your Financial Pharmacist co-founders, Tim Ulbrich and Tim Baker to the podcast to discuss what Your Financial Pharmacist is and does, how the financial plan and real estate can work together, at what point a pharmacist might consider getting into real estate investing, and ways to make real estate work for busy pharmacists who are dedicated to their careers.

Mentioned on the Show

• The Your Financial Pharmacist Podcast
• Your Financial Pharmacist
• Your Financial Pharmacist Blog
• Join the YFP Facebook Group
• Book a Speaking Engagement with YFP
• YFP Partnership with APhA
• YFP Planning: Financial Planning for Pharmacists
• YFP 103: Wholesaling as a Real Estate Agent
• 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
• The Happy PharmD
• YFP Concierge Service
• YFP 026: Baby Stepping Your Financial Plan - The 2 Things to Focus On First
• YFP 190: 7 Ways to Reduce Your Monthly Housing Costs
• YFP 130: House Hacking Your Way to Financial Freedom
• YFP 178: 5 Lessons Learned from Nate's First House Flip
• YFP 173: Using Systems to Automate Real Estate Investing
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group

Welcome to the YFP Real Estate Investing Podcast! On this trailer, you'll meet hosts Nate Hedrick, the Real Estate RPh, and David Bright. Nate and David share a quick introduction of themselves, the mission and why behind the YFP Real Estate Investing Podcast, and what to expect on upcoming episodes.

Mentioned on the Show

• Real Estate RPh
• YFP 040: 10 Things Every Pharmacist Should Know About Home Buying (Part 1)
• YFP 041: 10 Things Every Pharmacist Should Know About Home Buying (Part 2)
• YFP 064: 6 Steps to Home Buying (Part 1)
• YFP 065: 6 Steps to Home Buying (Part 2)
• YFP 067: Rapid Fire Home Buying Q&A
• YFP 113: Is Your Home an Asset or Liability?
• YFP 139: Should You Refinance Your Mortgage?
• YFP 178: 5 Lessons Learned from Nate's First House Flip
• YFP 190: 7 Ways to Reduce Your Monthly Housing Costs
• YFP 193: Building vs Buying a Home: What to Consider
• YFP 167: Must Know Real Estate Terminology
• Your Financial Pharmacist
• Join the YFP Real Estate Investing Facebook Group

On this episode, Tim Ulbrich welcomes Nate Hedrick and David Bright, co-hosts of the brand new YFP Real Estate Investing Podcast that is launching on Saturday, April 17, 2021. Tim, Nate, and David talk about the mission and why for the show, who the podcast is for, the content that will be covered, and the guests that will be featured on the show. They also discuss the newest guide developed by Nate and David, The Pharmacist's Guide to Real Estate Investing, which details a step-by-step plan on how to get started in real estate investing.

Mentioned on the Show

• YFP Planning: Financial Planning for Pharmacists
• Download the Pharmacist's Guide to Real Estate Investing at YFPRealEstate.com
• Text REIGUIDE to 44222 for the Pharmacist's Guide to Real Estate Investing
• YFP 040: 10 Things Every Pharmacist Should Know About Home Buying (Part 1)
• YFP 041: 10 Things Every Pharmacist Should Know About Home Buying (Part 2)
• YFP 064: 6 Steps to Home Buying (Part 1)
• YFP 065: 6 Steps to Home Buying (Part 2)
• YFP 067: Rapid Fire Home Buying Q&A
• YFP 113: Is Your Home an Asset or Liability?
• YFP 139: Should You Refinance Your Mortgage?
• YFP 178: 5 Lessons Learned from Nate's First House Flip
• YFP 190: 7 Ways to Reduce Your Monthly Housing Costs
• YFP 193: Building vs Buying a Home: What to Consider
• YFP 167: Must Know Real Estate Terminology
• 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
• Meet Your Hosts: YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• YFP 130: House Hacking Your Way to Financial Freedom
• YFP 182: How This New Practitioner is Leveraging a Team to Invest in Long-Distance Real Estate
• Real Estate Concierge Service
• Your Financial Pharmacist Rental Property Calculator

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 Sally in the YFP Facebook Group: How should I prioritize several financial goals?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the Your Financial Pharmacist Facebook Group
• YFP Planning: How It Works
• Schedule a Free Discovery Call with YFP Planning
• 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, sponsored by Insuring Income, Tim Baker and Tim Ulbrich break down the key points of the most recent $1.9 trillion stimulus package also known as the American Rescue Plan Act of 2021. Tim and Tim discuss the items that they think are the most relevant to your financial situation and plan, including the stimulus payments, the expansion of the child tax credit, the unemployment compensation and benefits, and what to make of the student loan forgiveness provisions being tax-free through the end of December of 2025.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Register for the free webinar: Student Loan Strategies for 2021
• The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• America Rescue Plan Act of 2021
• US Department of the Treasury FACT SHEET: The American Rescue Plan Will Deliver Immediate Economic Relief to Families
• Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
• Consolidated Appropriations Act, 2021
• Schedule a free Discovery Call with YFP Planning
• Work with a YFP Tax Pro
• IRS: Get My Payment
• Tax Cut and Jobs Act
• Kiplinger: 2021 Child Tax Credit Calculator
• COVID-19 Relief: The Latest from the Treasury Department

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 Hannah in Coal Valley, Illinois: What apps are good to use to invest in the stock market?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Robinhood
• Scottrade
• E*TRADE
• Vanguard
• TD Ameritrade
• Charles Schwab
• Fidelity
• Betterment
• Find Tim Baker on Peloton - YFP Peloton
• Schedule a free Discovery Call with YFP Planning
• 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, Blair Thielemier, the creator of the Pharmapreneur Academy and the Elevate Pharmacy Summit, joins Tim Ulbrich to talk about ideas and strategies for how to monetize your clinical expertise, including where to start, how to know if you have a good idea and common barriers that pharmacists often have to face and overcome. Blair and Tim also discuss the upcoming Elevate Pharmacy Summit, where you can learn about building revenue with clinical service contracts so that you can help more patients while generating income along the way.

Mentioned on the Show

• YFP Planning: Financial Planning for Pharmacists
• Register for the Elevate Pharmacy Virtual Summit
• YFP 117: Three Bold Predictions for the Future of Pharmacy
• YFP 089: From Unemployed to Successful Pharmapreneur
• YFP 039: One Pharmacy Entrepreneur's Journey to Maximizing Income and Paying Off Student Debt
• Pharmapreneur Academy Blog
• Pharmapreneur Academy

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 Hilary in Madison, Wisconsin: What should I do if my part-time employer isn't withholding federal taxes on my paycheck?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Tax Withholding Estimator
• Work with a YFP Tax Pro
• Book a Discovery Call with YFP Planning
• 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.