Scripted Wealth | Money & Meaning for Pharmacists

Joe Baker, author of the newly released book Baker's Dirty Dozen: Principles for Financial Independence, joins Tim Ulbrich on the show. Joe talks about several of the principles outlined in the book, why he wrote the book and what he hopes the reader will glean from applying its principles.

• Baker's Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker
• YFP 082: Debt Free Theme Hour with the Teacher & Pupil
• FinCon
• Ramit Sethi
• I Will Teach You to Be Rich: No Guilt. No Excuses. No BS. Just a 6 Week Program that Works 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 Rachel in Central Point, Oregon: Can I contribute to a 401(k) from my former employer?

Mentioned on the Show:

• YFP Planning
• YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions
• YFP 073: How to Determine the Priority of Investing
• YFP 074: Evaluating Your 401(k) Plan
• YFP 075: DIY, Robo or Hire a Planner?
• YFP 076: Investing Rapid Fire Q&A
• 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.

Stephanie Hale shares her journey applying for and receiving Public Service Loan Forgiveness (PSLF).

Mentioned on the Show

• The Pharmacist's Guide to Conquering Student Loans by Tim Church
• Join the YFP Facebook Group
• FedLoan Servicing
• Ask a YFP CFP #36: If I've been under the wrong repayment plan, can I apply for Temporary Expanded Public Service Loan Forgiveness (TEPSLF)?
• YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness (PSLF)
• YFP 078: Is Pursuing the Public Service Loan Forgiveness Program a Waste?
• College Cost Reduction and Access Act of 2007
• Temporary Expanded Public Service Loan Forgiveness (TEPSLF)
• Email [email protected]
• Public Service Loan Forgiveness Program Support (PSLF) Facebook Group
• Your Financial Pharmacist Podcast

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 Bonnie in Florida: How do I get started with a SIMPLE IRA?

Mentioned on the Show:

• YFP Planning
• Schwab SIMPLE IRA Plan for Employees
• Call Charles Schwab: 1-800-435-4000
• 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.

Sarah Cummins, a PGY2 Emergency Medicine Pharmacy Resident, joins Tim Ulbrich to talk about specific strategies to make the residency application process more affordable.

• Compare Multiple Lenders and Refinance Your Mortgage with Credible
• Sarah Cummins' Tips for Making the Residency Process More Affordable on Twitter
• ASHP Midyear 2020 Clinical Meeting & Exhibition Registration Information
• ASHP: Become a Member
• Gas Price Calculator
• Tollsmart
• SpotHero
• MegaBus
• Follow Sarah Cummins on Twitter: @sc_pharmd
• Join the YFP 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 Kristina in Dayton, Ohio: Will my parents be taxed for giving me money to pay down my student loans?

Mentioned on the Show:

• 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.

Tim Baker and Tim Ulbrich discuss how to best evaluate your employer benefits as you get ready to make selections during open enrollment.

Mentioned on the Show

• YFP Planning - Comprehensive Fee-Only Financial Planning for Pharmacists
• YFP 166: Why Negotiation is an Important Part of Your Financial Plan
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs
• Protect Your Income With Life and Disability Insurance
• YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions
• YFP 073: How to Determine the Priority of Investing
• YFP 074: Evaluating Your 401k Plan
• YFP 075: DIY, Robo or Hire a Planner?
• YFP 076: Investing Rapid Fire Q&A
• YFP 163: Investing Beyond the 401k/403b
• Email Your Financial Pharmacist: [email protected]
• YFP 165: The Power of a Health Savings Account
• Join the YFP 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 Thanh in Durham, North Carolina: Should one still pursue a pharmacy career with the projected decline in the job market?

Mentioned on the Show:

• YFP Planning
• U.S. Bureau of Labor Statistics
• Pharmacist Demand Indicator
• National Matching Services: ASHP Residency Matching Statistics
• AACP 2020 Graduating Student Survey
• YFP 005: The Impact of Rising Student Debt on a Pharmacist's Income
• YFP 172: Should You Be Concerned About the Projected Decline of Pharmacy Jobs?
• 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.

Ryan Chaw, pharmacist and real estate investor, joins Tim Ulbrich to talk about how he built a six-figure rental portfolio, red flags to look out for as an investor and the method he uses to find good tenants.

• PolicyGenius: Shop for Life and Disability Insurance
• YFP 140: How Ryan is Bringing in $11,000 a Month Through College Town Real Estate Investing
• Bigger Pockets
• Real Estate Rookie Podcast
• 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 Real Estate Investor by Gary Keller with Dave Jenks and Jay Papasan
• High Performance Habits: How Extraordinary People Become That Way by Brendon Burchard
• Newbie Real Estate Investing
• Join the YFP 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 Garrett in Cincinnati, Ohio: Can I retroactively certify payments into PSLF?

Mentioned on the Show:

• YFP Planning
• Public Service Loan Forgiveness Employment Certification Form
• FedLoan Servicing
• American Pharmacists Association (APhA): Financial Education
• AACP 2020 Graduating Student Survey
• 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.