By Tim Ulbrich and Tim Baker
4.9
162162 ratings
The podcast currently has 869 episodes available.
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
On this week’s episode of the Rx Money Roundup, YFP Co-Founders, Tim Ulbrich and Tim Baker, take a question from Jacob in Cincinnati, OH: "How should I prioritize investing if my employer doesn't have a 401(k) match?"
Mentioned on the Show:
Kamren Gallon, PharmD shares how he is able to successfully flip and sell houses, the importance of mentors, and how he balances his real estate investments with his pharmacy career.
Summary
Kamren Gallon, PharmD returns to the show and shares his journey from flipping six to eight houses a year to 20-25 houses a year, emphasizing the importance of having a mentor. He also discusses the benefits of owner financing and how he balances his real estate investments with a full-time pharmacy career.
About Today's Guest
Kamren Gallon is a 3rd generation entrepreneur. He was introduced to real estate at a very early age. His father was a landlord in North Philadelphia and one day his life was tragically taken by a tenant. After this life changing event, Kamren was very eager to go into the medical field. After graduating pharmacy school from Hampton University in 2013, he spent the first few years of his career working overnight. It wasn't until 2017 after being robbed in the pharmacy that he realized one source of income was not enough. Shortly after that incident, Kamren put his childhood fears behind him and started to invest in real estate.
Kamren has successfully flipped and sold over 100 homes along with owning a 7 figure rental portfolio while working full time as a pharmacist and being a single father. He is currently on a mission to inspire and teach other busy professionals how to achieve the same level of success so they can also reach financial freedom through real estate investing.
Mentioned on the Show
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
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:
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
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:
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
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
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:
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