Gathering wisdom from his own journey and those of many other pharmacists, Tim Ulbrich, YFP CEO, shares ten moves that are key in building a strong financial foundation.

Summary

YFP CEO and Co-Founder, Tim Ulbrich, distills the lessons learned from his own financial journey and from speaking with thousands of pharmacists about their financial plans into a list of ten moves that are key in building a strong financial foundation.

Whether you're just getting started and have the opportunity to build a strong foundation from the beginning or you've been at it for a while and sense the need to reinforce that foundation, this week's episode is for you.

About Today's Guest

Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.

Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master's in Health-System Pharmacy Administration Program.

Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.

Mentioned on the Show

• YFP Financial Fitness Test
• YFP Podcast 376: From Student Debt to Financial Freedom: How Brandon Paid Off $160k
• YFP Podcast 375: Breaking New Ground: Emmanuel Ayanjoke's Vision for Altev Community Pharmacy
• YFP Podcast 365:Millionaire Theme Hour: From $0 to 7 Figure Pharmacist
• Rich Dad Poor Dad by Robert Kiyosaki
• I Will Teach You to Be Rich by Ramit Sethi
• The Millionaire Next Door by Tom Stanley
• Money Master the Game by Tony Robbins
• Seven Figure Pharmacist by Tim Church & Tim Ulbrich
• Studentaid.gov
• YFP Toolbox
• YFP Life Insurance for Pharmacists: The Ultimate Guide
• YFP Disability Insurance for Pharmacists: The Ultimate Guide
• The Go-Giver by Bob Burg
• YFP Book a Discovery Call
• 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, YFP Co-Founder and CEO Tim Ulbrich, PharmD, discusses the point at which your savings should outearn your income as a pharmacist.

Mentioned on the Show:

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

Brandon Gerleman, PharmD shares the strategy for how he paid off $160k of debt.

This episode is brought to you by APhA.

Summary

Brandon Gerleman, a 2017 pharmacy graduate from the University of Iowa, shares his journey of paying off $160k of debt through not one, not two, but five refinances along the way. Brandon discusses his repayment strategy, why he decided for a more aggressive loan payoff, and what's next for him and his family. He emphasizes the importance of living within your means, being aware of finances, and the impact of interest rates on repayment strategies. Brandon and his wife are now looking toward the future and he shares what other financial goals they are preparing for.

About Today's Guest

Brandon Gerleman, PharmD is a 2017 graduate of the University of Iowa College of Pharmacy. He currently works as a Senior Product Manager on the Pharmacy Product Team at Outcomes, where he manages products to help pharmacists practice at the top of their training and provides tools to help drive pharmacy campaigns and increase efficiencies. After graduating in 2017 with $161,000 in student loan debt, he paid it off in May 2024. Brandon and his wife, Mariah, have 2 children and live in a rural community in Iowa. He enjoys spending time with his family, golfing, and watching Iowa Hawkeye football.

Mentioned on the Show

• Brandon Gerleman on LinkedIn
• APhA Membership Discount with coupon code YFP
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

On this week's episode of the Rx Money Roundup, YFP Co-Founders, Tim Ulbrich and Tim Baker, discuss how potential interest rate cuts this September could impact you and your financial plan.

Mentioned on the Show:

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

Greg Zinis, PharmD, shares his journey into investing in real estate in and around his town of Norfolk, Virginia.

Summary

In this episode, Greg Zinis, PharmD shares his journey into investing in real estate in and around his town of Norfolk, Virginia. From buying his first property in 2010, a rental in Virginia Beach, to earning his Realtor's license in 2024, Greg has expanded further into real estate investing. He also discusses the importance of his philanthropic goals.

About Today's Guest

Gregory Zinis was born and raised in the vibrant landscapes of Michigan, where his youth was filled with soccer games, hunting excursions, fishing trips, snowboarding adventures, and garage-building projects. Immersed in the state's rich outdoor culture, he developed a profound appreciation for adventure and craftsmanship. He pursued preliminary courses at Northern Michigan University before earning his Doctor of Pharmacy degree from Ferris State University. With a vision of escaping to a larger, sunlit city with surfing opportunities, he found his new home in Virginia.

Since 2009, Gregory has made a significant impact as a community pharmacist in Hampton Roads, where he has diligently supported patients with prescriptions, vaccines, health tests, and comprehensive medication therapy management. In 2010, he embarked on a new journey by purchasing his first home, which has been a versatile asset, serving as his primary residence as well as both short-term and long-term rental.

In his personal life, Gregory met and married his wife, Ashley, and together they have a bustling household of four children, two dogs, and two cats. During the pandemic, Gregory took a strategic year off amidst a company downsizing, which provided him with the opportunity to delve deeply into real estate and undertake a renovation of his primary residence in Ocean View, Norfolk. This transformative experience ignited a passion for real estate, leading him to earn his Realtor license in 2024. Now, Gregory is dedicated to helping others navigate the exciting journey of home ownership with the same enthusiasm and expertise that have defined his career.

Mentioned on the Show

• Greg Zinis on LinkedIn
• 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

Tim Ulbrich interviews Emmanuel Ayanjoke, PharmD, on his journey to opening an independent pharmacy in Avondale, tackling challenges with vision, risk-taking, and community care.

This episode is brought to you by First Horizon.

Summary

In this inspiring episode, Tim Ulbrich interviews Emmanuel Ayanjoke, R.Ph, PharmD, MBA, a third-generation pharmacist with a passion for community care. Emmanuel shares his remarkable journey to opening an independent pharmacy in Avondale, Cincinnati. Driven by a desire to make a difference, he pursued a pain management and palliative care fellowship, gaining invaluable entrepreneurial experience along the way. Through the support of Project Oasis, a McKesson initiative aimed at addressing pharmacy deserts, Emmanuel was able to turn his vision into reality.

Despite facing significant financial challenges, including high student loan debt, Emmanuel underscores the importance of calculated risk-taking and the power of strong relationships. Emmanuel offers insights into the future of independent pharmacy and how he has strategically aligned his personal and business financial plans to achieve his goals. This episode is a must-listen for anyone interested in the evolving landscape of independent pharmacy and the bold steps required to succeed.

About Today's Guest

Dr. Emmanuel (Manny) Ayanjoke, R.Ph, PharmD, MBA is the proud owner of Altev Community Pharmacy in Cincinnati, Ohio. A graduate of University of Toledo College of Pharmacy, Dr. Manny has spent over 5 years serving various communities as a dedicated pharmacist. Before opening Altev, he worked at Ziks Family Pharmacy, honing his skills, and understanding the vital role of pharmacists in community health. His work as a clinical pharmacist at Ziks had notable success and he was featured as a keynote panelist at the American Pharmacist Association (APhA) 2022 conference. Alongside his clinical role at ZIKS Family Pharmacy, Dr Manny completed a fellowship in pain management and palliative care fellow at Cedarville University where he engaged in teaching, research, patient care, as well as creation of innovative ways to advance pharmacy practice.

Mentioned on the Show

• Emmanuel Ayanjoke LinkedIn
• Altev Community Pharmacy
• Project Oasis
• NCPA Survey
• The Dip by Seth Godin
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

On this week's episode of the Rx Money Roundup, YFP Co-Founders Tim Ulbrich and Tim Baker discuss what the data has to say about the purchasing power of a pharmacist's salary and whether or not it's eroding to inflation and stagnant wages.

Mentioned on the Show:

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

In this episode of the Pharmacy Innovators series hosted by Dr. Corrie Sanders, we meet Dr. Aaron Emmel, a pharmacist with a diverse career path.

This episode is brought to you by YFP+.

Summary

In this latest episode of the Pharmacy Innovators series hosted by Dr. Corrie Sanders, we meet Dr. Aaron Emmel, a pharmacist with a diverse career path.

Dr. Emmel shares how open doors and opportunities led him on a journey from a community pharmacist to executive health system leadership and the pharmaceutical industry to entrepreneurship. With many lessons learned along the way, Dr. Emmel reflects on trusting his intuition, leaning on mentors, working hard and staying curious. Throughout his journey, he explored other income streams, including real estate investing, consulting and eventually launching Pharmacy Tech Scholar, an online education program for pharmacy technicians.

Dr. Emmel's career journey exemplifies the extraordinary versatility and potential of a PharmD.

About Today's Guest

Aaron Emmel graduated with his Doctor of Pharmacy Degree from the University of Florida in 2007. After a short stint as a staff pharmacist at Walgreens, he was afforded an opportunity to work as a clinical pharmacist at his local community hospital. He developed a passion for critical care medicine and spent years as the dedicated ICU pharmacist. In 2015, he earned his Masters in Healthcare Administration from the University of North Florida. With a goal of moving into executive health system leadership, he transitioned into a role as the Director of the Clinically Integrated Network and ACO owned by the hospital and local physicians. He served in this role until 2018, when he made the decision to transition into the pharmaceutical industry where we worked in Medical Affairs roles until his decision to end employment in 2024.

Aaron launched his first business, SmarterMeds, in 2010. Focusing on MTM services, he learned many lessons on entrepreneurship and business before abandoning the effort in 2012. He first began consulting in 2014, and significantly increased this work following his departure from the hospital in 2018. In 2020, he launched Pharmacy Tech Scholar, an online education program for individuals interested in becoming certified pharmacy technicians. He also invests in real estate.

Aaron has been married to his high school sweetheart, Allison, since 2010. They have two amazing daughters, aged 8 and 11. In his spare time, Aaron loves traveling with the family, fishing, exercising, and fueling his coffee obsession.

Mentioned on the Show

• YFP+
• https://pharmacytechscholar.com
• https://themedicineguy.com
• Aaron Emmel, PharmD on LinkedIn
• Dr. Emmel on X
• Corrie Sanders, Huna Health on Instagram
• Subscribe to the YFP Newsletter
• YFP Planning
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• Your Financial Pharmacist
• YFP Disclaimer
• YFP Newsletter

This week, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RLP®, RICP®, discuss a question from the YFP community raised during a recent webinar: "What are the best ways to plan for healthcare costs in retirement?"

Mentioned on the Show:

• Submit a Question to Be Featured on Rx Money Roundup
• Subscribe to the YFP Newsletter
• YFP Disclaimer
• YFP 329: Medicare Selection & Optimization
• YFP 296: 5 Key Decisions for Long-Term Care Insurance
• YFP Blog: Why I'm Not Using My Health Savings Account (HSA) for Medical Expenses

Nate Hedrick, the Real Estate RPh, discusses six key steps in the homebuying process for first time buyers.

This episode is brought to you by Real Estate RPh.

Summary

Nate Hedrick, the Real Estate RPh, joins the show to talk about the pharmacist's playbook to buying your first home. He discusses six key steps in the homebuying process including:

• How to determine if you're ready to buy
• Getting clear on what is most important in a home purchase
• Key individuals to have on your homebuying team
• Factors to consider in choosing a loan
• What is/not negotiable in today's market
• What to know when it comes to inspections, insurance, and closing

About Today's Guest

Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since. After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.

Mentioned on the Show

• New York Times Rent vs Buy Calculator
• Real Estate RPh
• YFP Find an Agent
• YFP Homebuying Quick Start Guide
• YFP Real Estate Investing Podcast Episode 124: Insurance Updates and Scaling a Business with Bryan Neal
• YFP Podcast Episode 361: Four Timely Questions for Homebuyers
• YFP Podcast Episode 353: Avoiding the Trap of House Poor: Evaluating the True Cost of Home Ownership
• YFP Podcast Episode 348: 2024 Housing Market Trends, Buy Now vs. Wait, & Assumable Rate Mortgages
• YFP Disclaimer
• Subscribe to the YFP Newsletter
• Tim Ulbrich on LinkedIn
• YFP on Instagram
• YFP Facebook Group
• YFP Real Estate Investing Facebook Group
• Nate Hedrick on Instagram
• Nate Hedrick on LinkedIn