Scripted Wealth | Money & Meaning for Pharmacists

On this episode sponsored by Live Oak Bank, pharmacist and photographer Landen Conner shares how he turned his side hustle into his main gig, why and how he started his photography business, how he found his niche, and the mechanics of his business.

Mentioned on the Show

• Live Oak Bank: Loans and Financial Solutions for Pharmacies
• Join the YFP Facebook Group
• YNAB.
• Your Best Year Ever by Michael Hyatt
• Side Hustle to Main Gig: Landen Conner used his experience and cash from a pharmacy job to create a photography business
• Christian Chamber of Commerce
• Connect with Landen Conner on LinkedIn
• Connect with Landen Conner Photo on Facebook
• YFP Podcast
• Join the YFP Facebook Group
• ConvertKit
• Dave Ramsey
• Landen Conner Photography
• Call Landen Conner: (504) 905-2249

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 Heather from the YFP Facebook Group: Should I use money from my 401(k) to pay off student loans?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• Your Financial Pharmacist: Student Loan Refinancing
• 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.

Tim Ulbrich talks through 10 financial moves to make in 2021. It's time to turn the page on 2020 and start 2021 off the right way and that's with an intentional plan.

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• YNAB.
• Your Best Year Ever by Michael Hyatt
• 10 Financial Discussions Every Couple Should Have
• YFP 165: The Power of a Health Savings Account
• I Will Teach You To Be Rich by Ramit Sethi
• YFP 057: The Power of Automating Your Financial Plan
• Your Financial Pharmacist Blog
• Use Coupon Code 'YFP' for 15% Off: The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• YFP 184: How to Optimize Your 2021 Tax Strategy
• File Your Taxes with Your Financial Pharmacist
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs
• YFP 155: Why You Need Liability Insurance
• Protect Your Income with Life and Disability Insurance
• YFP 173: Using Systems to Automate Real Estate Investing w/ Ryan Chaw
• YFP 178: 5 Lessons Learned from Nate's First House Flip w/ Nate Hedrick
• YFP 182: How This New Practitioner is Leveraging a Team to Invest in Long-Distance Real Estate w/ Young Park
• Bigger Pockets
• Bigger Pockets Real Estate Investing Forums
• Bigger Pockets Real Estate Podcast
• The Bigger Pockets Blog
• ABC's of Real Estate Investing by Ken McElroy
• Dave Ramsey's Financial Peace University
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko
• The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
• Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright
• The Truth About Money by Ric Edelman
• The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy
• The Behavioral Investor by Daniel Crosby
• Happy Money: The Science of Happier Spending by Elizabeth Dunn and Dr. Michael Norton
• YFP Planning: Financial Planning for Pharmacists
• Book a Free Discovery Call with YFP Planning
• YFP 181: How YFP is Different Than Most Financial Planning Firms

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 Blake from the YFP Facebook Group: Can I refinance my student loans to a variable rate now and refinance to a fixed rate later if my interest rate increases?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• Your Financial Pharmacist: Student Loan Refinancing
• 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.

Paul Eikenberg, YFP Director of Tax and CFO, joins Tim Ulbrich to talk about how to optimize your tax situation in 2021. Paul discusses the difference between tax planning and preparation, common tax planning mistakes he sees pharmacists making, and strategies pharmacists should consider employing to optimize their tax situation.

Mentioned on the Show

• 2020 End of Year Financial Checklist
• File Your Taxes with YFP
• YFP 070: Pre-Planning for Tax Season
• Tim Baker, CFP® and Director of Financial Planning
• Bureau of Labor Statistics: Pharmacists
• Federal Student Aid: Public Service Loan Forgiveness (PSLF)
• YFP 165: The Power of a Health Savings Account
• Why I'm Not Using My Health Savings Account to Pay for Medical Expenses
• Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright
• YFP Planning: Financial Planning for Pharmacists
• Why Most Pharmacists Should Do A Backdoor Roth IRA
• YFP 096: How to do a Backdoor Roth IRA
• Book a Discovery Call with YFP Planning

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 Andrea in Warba, Minnesota: Should I buy life insurance for my child?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• PolicyGenius: Should You Buy Life Insurance for Children?
• Join the YFP Facebook Group
• 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.

Amanda and Holden Graves join Tim Ulbrich to talk about their journey paying off $100,000 of student loans and other debt in just a few years. They share their strategies for aggressively repaying their debt, how they were able to effectively work together as a couple, and what lies ahead for them and their financial plan now that they are officially debt free.

Mentioned on the Show

• YFP Planning: Financial Planning for Pharmacists
• 2020 End of Year Financial Checklist
• The Scope of Practice: How One Pharmacist Paid Off $100,000 in Student Loans and Other Debt in Just a Few Years
• The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
• Joe Baker
• Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA
• I Will Teach You To Be Rich by Ramit Sethi

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 Andrea in Olathe, Kansas: Is my position protected if I've used all of my FMLA and submit a claim for long-term disability?

Mentioned on the Show:

• YFP Planning
• Your Financial Pharmacist: Protect Your Income
• Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD - Get 15% Off with Code: YFP
• YFP 045: How to Determine Your Disability Insurance Needs
• 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.

Young Park, new practitioner and real estate investor, joins Tim Ulbrich on this week's podcast episode, sponsored by APhA, to talk about his portfolio, why he likes real estate investing, how he got started, what has worked, what hasn't worked, and why and how he invests in Kansas City while living in Hawaii.

Mentioned on the Show:

• Join APhA - Get 25% Off Your Membership with Code: YFP2020
• YFP 112: Why One PhD Pharmacist is Taking On Two Side Hustles
• BIgger Pockets on Youtube
• Your Financial Pharmacist Podcast
• Bigger Pockets
• Bigger Pockets Real Estate Podcast
• Buy, Rehab, Rent, Refinance, Repeat by David Greene
• Long Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene

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 Alex in Pleasanton, California: How can I determine if a potential employer qualifies for PSLF?

Mentioned on the Show:

• YFP Planning
• Federal Student Aid: Public Service Loan Forgiveness
• Public Service Loan Forgiveness (PSLF) & Temporary Expanded PSLF (TEPSLF) Certification and Application
• Tax Exempt Organization Search
• 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.