Scripted Wealth | Money & Meaning for Pharmacists

Tim Ulbrich gives his thoughts on the outlook of the pharmacy job market, what to make of the U.S. Bureau of Labor Statistics' projection for a 3% decline in pharmacy jobs over the next 10 years, and how this impacts your financial situation and plan. Tim also shares 10 steps you can take now to hedge your financial plan against job loss or reduced hours.

• Fee-Only Comprehensive Financial Planning for Pharmacists
• Bureau of Labor Statistics: Pharmacist Job Outlook
• APJE: It Really Isn't That Simple by Lucinda Maine
• YFP 058: How Good is the ROI of the Pharmacy Degree? with Deeb Eid
• YFP 122: What Will be the Future of Pharmacy Practice? with Todd Sorensen
• Pharmacy Demand Indicator
• 2020 AACP Graduating Student Survey
• ASHP Residency Match Statistics
• 2019 National Pharmacist Workforce Study
• YFP 115: Financial Considerations for Job Loss or Reduced Hours
• YFP 026: Baby Stepping Your Financial Plan: The 2 Things to Focus on First
• The Pharmacist's Guide to Conquering Student Loans by Tim Church
• 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
• YFP 171: How Austin Successfully Made the Financial Transition to New Practitioner with Austin Ulrich
• YFP 126: Going Beyond Six Figures Through Medical Writing with Brittany Hoffmann-Eubanks
• YFP 116: Transforming Your LIfe and Career Through Networking with David Burkus
• Friend of a Friend: Understanding the Hidden Networks that can Transform Your Life and Your Career by David Burkus
• APhA Financial Education
• Join APhA - Get 25% Off Your Membership with Code: YFP2020
• My Top 10 Financial Mistakes
• YFP Facebook Group
• YFP Financial Planning
• Schedule a Free 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 Tiana in Portland, Oregon: Where can I find affordable health insurance if I don't qualify for it through an employer?

Mentioned on the Show:

• YFP Planning
• HealthCare.gov
• 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.

Austin Ulrich joins Tim Ulbrich to talk about how he and his family successfully navigated the financial transition from student pharmacist to resident to new practitioner. He discusses how they were able to become debt free while completing residency training, why and how he started a medical writing business, what it was like to finish residency and find a new job in the midst of a global pandemic and what they learned from their first home buying experience.

• Join APhA- Get 25% Off Your Membership with Code: YFP2020
• American Medical Writers Association (AMWA)
• Start: Punch Fear in the Face, Escape Average and Do Work That Matters by Jon Acuff
• Connect with Austin Ulrich on LinkedIn
• Ulrich Medical Writing
• American Society of Hospital Pharmacists (ASHP)
• Entrepreneurs on Fire with John Lee Dumas
• The School of Greatness with Lewis Howes

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 Karen in Coral Springs: If I've been under the wrong repayment plan, can I apply for Temporary Public Service Loan Forgiveness (TEPSLF)?

Mentioned on the Show:

• YFP Planning
• Email FedLoan Servicing: [email protected]
• Federal Student Aid
• YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness
• YFP 078: Is Pursuing the Public Service Loan Forgiveness Program a Waste?
• The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD
• 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.

Robert Lopez, YFP's Lead Financial Planner, joins Tim Ulbrich to talk about the ins and outs of car insurance. Robert digs into why it's an important part of the financial plan, key terminology, how rates are calculated, the make-up of an auto insurance policy and common mistakes to avoid when purchasing car insurance.

Mentioned on the Show

• YFP Financial Planning
• YFP 164: The Pros and Cons of Paying Cash for a Car
• Book a Free Discovery Call with our Certified Financial Planning Team
• 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 Anthony in Houston, Texas: What is the best way to redistribute my stock portfolio to minimize tax implications?

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 401k 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.

Tony Umholtz, a Mortgage Manager at IberiaBank, shares helpful tips for getting a mortgage and what you need to know when financing a home purchase or refinancing your home. Tony also breaks down the difference between pre-approvals and pre-qualifications, how interest rates are calculated, different types of home loans and everything you need to know about escrow accounts.

• 5 Steps to Getting a Home Loan
• Apply for the Pharmacist Home Loan with IberiaBank
• YFP 136: The Ins and Outs of a Pharmacist Home Loan
• YFP 154: Getting a Home Loan in a Pandemic
• Zillow
• Redfin
• Realtor.com
• Get the Home Buying Quick Start Guide
• Email Tony Umholtz: [email protected]
• Call Tony Umholtz: (813) 603-4255
• 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 Jake in Hamilton, Ohio: Should I use a Roth IRA or a Traditional IRA as a resident?

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.

Blake Johnson and Zac Hendricks talk about how they joined forces to build a successful real estate portfolio and investment strategy. They talk about their individual roles when investing in properties, the make-up of their current portfolio, and why they chose to focus on real estate investing. Blake and Zac lay out all the secrets on how to analyze real estate deals and break down the numbers on two of their own investment properties.

• PolicyGenius: Shop for Life and Disability Insurance
• YFP 082: Debt Free Theme Hour with the Teacher and the Pupil w/ Joe Baker and Blake Johnson
• Hendricks Remodeling
• BiggerPockets
• The Book on Estimating Rehab Costs by J. Scott
• BiggerPockets Blog
• BiggerPockets Podcast
• The Top 20 Real Estate Books Every Investor Should Read - A Free Guide from BiggerPockets
• Books by Brandon Turner of BiggerPockets
• Rich Dad, Poor Dad: What the Rich Teach Their Kids that the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Think and Grow Rich by Napoleon Hill
• Real Estate Rookie 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 Lindsay in Wisconsin: What are the pros and cons of using an escrow account?

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.