Mike Byers, PharmD shares how he was able to achieve financial freedom and replace his retail pharmacist income through savings and real estate investments.

Summary

In this episode, Michael Byers, PharmD shares how he was able to achieve financial freedom and step away from his job as a retail pharmacist at age 42. Mike outlines how he went from a position of financial weakness to a position of financial strength through frugality and real estate investing. A father of two young boys, Mike talks about the importance of having options and flexibility in this season as he and his wife raise their family.

About Today's Guest

Mike Byers is a 2008 graduate of the University of Pittsburgh School of Pharmacy. He spent 16 years as a retail pharmacist for Giant Eagle where he worked as a staff pharmacist, a pharmacy team leader and a floater. After successfully investing in real estate for over 10 years, Mike decided to take a break from pharmacy in 2023 to spend time with his wife and two young boys. He loves his family, houses, outdoor adventure, and trying to find the right balance between YOLO and delayed gratification. He can be found on Instagram @DIYrentalGuy.

Mentioned on the Show

• Mike Byers on Instagram: DIYRentalGuy
• Mr. Money Mustache
• YFP Real Estate Investing Podcast 119: House Hacking with the House Hacking MD
• YFP Podcast 354: From PharmD to Debt Free to FIRE
• Rich Dad, Poor Dad by Robert Kiyosaki
• Die with Zero by Bill Perkins
• Millionaire Next Door by Tom Stanley
• Bigger Pockets
• Tax Free Wealth by Tom Wheelwright
• Tim Ulbrich on LinkedIn
• Subscribe to the YFP Newsletter
• YFP Planning: Fee-Only Financial Planning for Pharmacists
• YFP Disclaimer
• YFP on Instagram
• YFP Facebook Group