Scripted Wealth | Money & Meaning for Pharmacists

Tim Ulbrich, PharmD, discusses the impact of recent federal interest rates on student loans, with a focus on how these changes affect borrowers currently attending school this fall.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

Tony Umholtz from First Horizon Bank returns to tackle the top 10 questions first-time home buyers often ask.

This episode is brought to you by First Horizon.

Summary

Tony Umholtz from First Horizon Bank returns to tackle the top 10 questions first-time home buyers often ask. With over 20 years of experience in the mortgage industry, Tony covers essential topics like when it's better to buy versus rent, the various lending options available, hidden costs beyond the down payment, how student loans impact your mortgage application, and more.

About Today's Guest

Tony Umholtz is the Senior VP of Mortgage Banking at First Horizon. He graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman's Guide, Mortgage Executive magazine, and Mortgage Originator magazine.

Mentioned on the Show

• YFP Home Buying Resource Page
• YFP Episode 380 - Understanding & Improving Your Credit
• Tony Umholtz
• First Horizon
• Tony Umholtz on LinkedIn
• Tony Umholtz on Instagram
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP on Instagram
• YFP Facebook Group
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer

We all love our pets - but at what cost? YFP Co-Founders Tim Ulbrich and Tim Baker take a listener question on how to determine whether or not it makes sense to purchase pet insurance.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

In this episode, YFP Co-Founders Tim Ulbrich and Tim Baker tackle a question that has not gotten a lot of attention in recent years given the rise in interest rates, which is: "Should I refinance my mortgage and when is it a good time to refinance?"

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

Tim Ulbrich and Tim Baker discuss the role of credit in financial planning: why it matters, how it works, what makes up a credit score, common credit misconceptions and more.

Summary

In this episode, Tim Ulbrich and Tim Baker discuss the role of credit in financial planning. They explore why credit matters, how it works, and how it influences important areas in your financial plan.

Tim and Tim break down the factors that make up a credit score, from payment history and credit utilization to the age of credit and hard inquiries.

They also dispel common credit myths, essential strategies for protecting your credit and identity, including the importance of monitoring credit reports.

About Today's Guest

Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.

Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).

Mentioned on the Show

• Intuit CreditKarma
• FICO
• Vantage Score
• YFP Book a Discovery Call
• YFP Disclaimer
• Ask a financial question to YFP
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group

In this episode, YFP Co-Founders Tim Ulbrich and Tim Baker dive into practical strategies for investors to navigate market volatility, especially in light of the turbulence we've experienced over the past year. They explore how to maintain a long-term perspective while acknowledging the real emotions—fear, anxiety, and uncertainty—that can arise during times of market fluctuation.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

Rich Delgado, Managing Director at DLP Capital, discusses passive real estate investing, particularly for pharmacists who may want to diversify their financial portfolio.

Summary

In this episode, Rich Delgado, Managing Director at DLP Capital, joins hosts David Bright and Nate Hedrick to explore passive real estate investing, particularly for pharmacists who may want to diversify their financial portfolio without the hassles of hands-on property management.

Rich explains how DLP Capital aligns investments with a focus on making a positive impact, turning financial success into lasting significance. The conversation dives into DLP Capital's three primary activities: acquiring real estate, building new developments, and providing lending solutions to other real estate operators. Rich highlights how pharmacists can participate in these opportunities to create wealth while supporting meaningful community growth.

About Today's Guest

Rich Delgado is DLP Capital's Managing Director of Structured Products and Capital Markets. He has been with DLP for five years, raising debt and equity into DLP to finance the building of thriving communities and successfully scaling the company to over $1.3B in equity under management and $5.5B of Assets under Management. Before joining DLP, Rich enjoyed a 25+ year career in Structured Finance, mainly with two public companies, growing them each to over $600B in mortgage servicing rights. Rich is also a longstanding and active board member of Friends of Foster Children of Palm Beach, the American Heart Association's Executives with Heart, and the DLP Positive Returns Foundation.

Mentioned on the Show

• *Register for Aliquot Investing Webinar: "Small Investments in Big Real Estate Deals" October 7th at 9pm/EST
• DLP Capital
• [email protected]
• Rich Delgado on LinkedIn
• Rich Delgado: [email protected]
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• David Bright on Instagram
• YFP Real Estate Investing Website
• David Bright on LinkedIn
• Nate Hedrick on LinkedIn

Dr. Brooke Griffin, founder of Bold Idea Group, shares her career journey in pharmacy academia to launching her own coaching business.

This episode is brought to you by First Horizon.

Summary

In this inspiring episode, Tim Ulbrich introduces Dr. Brooke Griffin, a coach, mentor, and founder of Bold Idea Group. Dr. Griffin shares her career journey in academia to eventually launching her own business, and opens up about the challenges and triumphs of her path, including the bold steps she took and valuable lessons she has learned along the way.

This conversation is packed with practical wisdom for anyone seeking career fulfillment and personal growth. Whether you're just starting your career or looking to make meaningful changes, Dr. Griffin's journey and insights are sure to inspire you to take bold steps toward your own growth.

About Today's Guest

Brooke Griffin, PharmD, BCACP is a Professor of Pharmacy Practice and Vice Chair of Clinical Services at Midwestern University College of Pharmacy, Downers Grove. With over 20 years of experience in various ambulatory care clinics, she has worked on several multidisciplinary teams and precepted hundreds of students and residents.

She is a Professional Coach in Life & Work and is passionate about offering career support through a thought-provoking and creative process. She is a coach and mentor through several pharmacy organizations and speaks nationally on various professional development topics, including the importance of coaching and mentoring, time management, and work/life integration.

In 2022 she launched Bold Idea Group with a mission to inspire bold ideas from within. Her motivational podcast, Today's Bold Idea, offers a five minute inspirational boost to start your day. She is on this self-development journey alongside all of you and believes "every pharmacist deserves a coach."

Mentioned on the Show

• First Horizon Pharmacist Home Loan
• "Aliquot Investing: Small Investments in Big Real Estate Deals" Webinar on October 7th at 9pm/Eastern
• Griffin B, Vest K, Pohl S, Mazan J, Winkler S. Part-time and job-share careers among pharmacy practice faculty members. Am J Pharm Educ. 2014 Apr 17;78(3):49.
• Destruct Yourself Podcast with Whitney Johnson
• Bold Idea Facebook Group
• Brooke Griffin LinkedIn
• Bold Idea Group
• Today's Bold Idea Podcast
• The Pharmacist's Voice®
• Looking for other episodes on pharmacist businesses or side hustles?
  • Episode 352: Pharmacy Innovators with Kelley Carlstrom, PharmD, BCOP
  • Episode 307: Pharmacy Innovators with Dr. Izabella Wentz (The Thyroid Pharmacist)
  • Episode 327: Pharmacy Innovators with Dr. Natalie Park (Pharmesol)
  • Episode 289: Building Pricklee with Pharmacy Entrepreneur Kun Yang
  • Episode 287: Monetizing Your Clinical Expertise with Dr. Timothy Gauthier
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group

On this week's episode of the Rx Money Roundup, Tim Ulbrich, PharmD and YFP Co-Founder challenges listeners to think about and define what financial success looks like for them.

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer

Tim Baker, CFP® tackles 10 questions for those considering early retirement from sources of income, handling market volatility, health insurance options and more.

Summary

This week, Tim Baker, CFP®, RLP®, RICP® and Tim Ulbrich, PharmD are tackling 10 questions for those considering early retirement. They discuss sources of income in retirement, handling market volatility when no longer working, health insurance coverage options, timing to draw on Social Security, and much more.

About Today's Guest

Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements.

Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), three kids (Olivia, Liam and Zoe), and dog (Benji).

Mentioned on the Show

• Register for YFP webinar on October 7th at 9pm EST: Aliquot Investing: Small Investments in Big Real Estate Investing
• YFP Free Guide: Retirement Roadblocks: Identifying and Managing 10 Common Risks
• YFP Episode 291:Redefining Retirement with Professor Emeritus David Zgarrick, PhD
• YFP Episode 296: 5 Key Decisions for Long Term Care Insurance
• YFP Episode 321: Navigating Financial Conversations with Aging Parents
• Social Security
• YFP Book a Discovery Call
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• Tim Baker on LinkedIn
• YFP on Instagram
• YFP Facebook Group