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 Christine in Austin, Texas: Can I be enrolled in health insurance through my employer and be on my spouse's HSA?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• YFP 165: The Power of a Health Savings Account
• Why I'm Not Using My Health Savings Account to Pay for Medical Expenses
• Send in your questions here or to [email protected]
• Your Financial Pharmacist Disclaimer and Disclosures

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.

HGTV's Lauren Risley talks about what it means to be an investor-friendly agent, the role of your agent when investing in real estate, and the ideal investor client.

Key Points From This Episode

• Lauren shares how her love of real estate started at just 19 years old.
• What makes an agent investor-friendly, and what makes a great investment client!
• Finding the "why", so that you can build a strategy together.
• Developing confidence as an investor, which only comes from experience and being coachable.
• The pressure of having to make fast decisions in this insane market right now.
• Having a great team behind you.
• The slippery slope of advising someone versus telling them what to do.
• Asking the right questions, and never skipping your due diligence on a property.
• Talking SWAG: a sophisticated wild-ass guess.
• Lauren's complete rehab of each property: spending now to avoid spending more later.
• Why your "why" and your strategy will probably change over time, and that's okay!
• Lauren shares her Call the Closer experience, including all the nerves and excitement.
• How time-blocking is key to success!
• Reaching out to people who are successful in whatever you're trying to learn.
• Some top-notch advice for pharmacists jumping into real estate!

Links Mentioned in Today's Episode

• YFP Real Estate Concierge Service
• HGTV: Call the Closer
• St. Louis Realtors
• Missouri Realtors
• National Association of Realtors
• BiggerPockets
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Bhavik Shah talks about his debt-free journey, his early missteps, and how he used his experience to further the financial literacy education of other pharmacists.

Key Points From This Episode

• An introduction to today's guest, Bhavik Shah.
• Bhavik's academic background and why he chose a career in pharmacy and teaching.
• The money scripts Bhavik was raised with and how they impacted his mindset.
• How he graduated with $80,000 of student debt and paid it off in just six years.
• Why he considers it a mistake not to have taken advantage of Roth contributions to get tax-free growth.
• What Bhavik means by emphasizing being your own steward, and what motivated this.
• How he learned the importance of understanding the basics before hiring a professional.
• Financial education and literacy and why it is important.
• What motivated Bhavik to create his course on financial literacy.
• Bhavik's thoughts on whether a personal finance piece should be included in the PharmD program.
• Resources he has found helpful, including the White Coat Investor and the Money Guy.
• How student debt deters people from pursuing postgraduate education.
• The role of financial education in preventing this barrier.

Links Mentioned in Today's Episode

• YFP Planning: Financial Planning for Pharmacists
• Book a Free Discovery Call with YFP Planning
• GoodRx: Nominate Your Favorite Pharmacy Professional
• YFP 044: How to Determine Your Life Insurance Needs
• YFP 045: How to Determine Your Disability Insurance Needs
• Why Most Pharmacists Should Do A Backdoor Roth IRA
• YFP 096: How to do a Backdoor Roth IRA
• Policygenius
• Accreditation Council for Pharmacy Education
• Join APhA - Get 25% Off Your Membership with Code: YFP
• The White Coat Investor Blog
• The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed by James M. Dahle
• Your Financial Pharmacist
• The Money Guy Show
• The Money Guy Podcast
• The Money Guy Financial Order of Operations Course
• Your Financial Pharmacist Disclaimer and Disclosures

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 Kim in Columbus, Ohio: How do I find an HSA with low fees and good investment options?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• United States Office of Personnel Management
• Best Health Savings Account (HSA) Providers
• Lively: The Modern Health Savings Account
• HealthSavings Administrators
• HSA Bank
• Fidelity HSA
• YFP 225: How to Navigate Open Enrollment and Employer Benefits
• YFP 165: The Power of a Health Savings Account
• Why I'm Not Using My Health Savings Account to Pay for Medical Expenses
• Send in your questions here or to [email protected]
• Your Financial Pharmacist Disclaimer and Disclosures

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.

Managed care pharmacist Mariah Pierce shares her real estate story detailing her house-hacking experience and how she gets paid to live in her home with short-term room rentals.

Key Points From This Episode

• Mariah's educational background and the work she is currently doing.
• The lifelong dream Mariah had of owning her own home.
• What has driven Mariah's interest in personal finance.
• Money that Mariah saved while subleasing a property for seven months in college.
• The property Mariah bought with her savings and her experience of house-hacking it.
• How much she put down on the house and how much her rooms cost to rent out on Airbnb.
• Mariah's monthly payment on her mortgage.
• The benefits of short-term rentals.
• What Mariah learned from her first travel nurse guest.
• How she made her rooms stand out from the other Airbnb listings available in the area.
• Where she found a lot of the furniture for her house.
• Hear about Mariah's approach to risk.
• The future plans that she has for her real estate investment career.
• Two books that have influenced Mariah's life choices: Mindset and Brave Not Perfect.
• Mariah's advice for anyone thinking of taking the leap into real estate.

Links Mentioned in Today's Episode

• YFP Real Estate Investing 10: Getting Started Through House Hacking
• YFP Real Estate Concierge Service
• The Your Financial Pharmacist Podcast
• Learn More About IBERIABANK/First Horizon's Pharmacist Home Loan and Start the Pre-Approval Process
• Facebook Marketplace
• Mindset: The New Psychology of Success by Carol S. Dweck
• Brave, Not Perfect: How Celebrating Imperfection Helps You Live Your Best, Most Joyful Life by Reshma Saujani
• Connect with Mariah Pierce on LinkedIn
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group

Entrepreneur and pharmacist, Chris Cozzolino, talks about his journey building several businesses as a recent graduate.

Key Points From This Episode

• Chris shares what drew him into the profession, and the freedom of remote working.
• Reflecting on Chris's non-traditional career path, and building something impactful.
• How social media is a fascinating concept of reaching so many people at once.
• How making money in a video game as a teenager galvanized his entrepreneurial spirit.
• Discussing the big barriers to starting a business, like upfront capital and inventory holding times.
• Optimization through combining drop shipping and retail arbitrage.
• Chris outlines the challenges and opportunities of not working on your platform.
• Having the best of both worlds by making the brand bigger than the platform.
• Diversifying across platforms to build community and then converting that traffic.
• How Uptown Creation was founded, and key pivots in their journey.
• Learning the Instagram algorithm and their specific social media marketing tactics.
• Chris shares about his pivot to LinkedIn and what the clients and services entail.
• Building authentic relationships and a trustworthy reputation.
• Why creating content is still really new for the healthcare sector.
• Where Chris sees Uptown Creation heading in the next few years.
• The concept of developing your craft, and always being able to be close to the ground.
• Always keeping your endpoint in mind.

Links Mentioned in Today's Episode

• Connect with Chris Cozzolino on LinkedIn
• Register for the Free Webinar: How to Pursue FIRE as a Pharmacist on November 10 at 8:30 PM ET
• FIRE Rx: The Pharmacist's Guide to Financial Independence by Jeff Keimer, PharmD
• Create a Comprehensive Estate Plan with Thoughtful Wills
• The War of Art: Break Through the Blocks and Win Your Inner Creative Battles by Steven Pressfield
• Turning Pro: Tap Your Inner Power and Create Your Life's Work by Steven Pressfield
• Your Financial Pharmacist
• Uptown Creation
• Smart Passive Income Podcast with Pat Flynn
• ZDoggMD
• Gain Traction on LinkedIn: Chris Cozzolino, PharmD, co-founder Uptown Creation
• The Uptown Update Newsletter
• Gary Vaynerchuk
• Email Chris Cozzolino: [email protected]
• Your Financial Pharmacist Disclaimer and Disclosures

Kirby Atwell discusses real estate investing with intentionality, aligning your personal and real estate goals.

Mentioned on the Show

• Living Off Rentals Podcast
• VA Homeless Programs - HUD-VASH Eligibility
• Green Vet Homes
• National Real Estate Investors Association
• Traction: Get a Grip on Your Business by Gino Wickman
• Living Off Rentals
• Watch the Webinar: 3 Main Steps to Buying and Setting Up a High Cash Flowing Vacation Rental
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures

Tim Baker talks about his recent decision to buy a depreciating asset, how his journey becoming a Registered Life Planner® (RLP®) impacted his decision, and how he coaches clients considering big financial purchases.

Mentioned on the Show

• YFP Planning: Financial Planning for Pharmacists
• Book a free Discovery Call with YFP Planning
• GoodRx: Nominate Your Favorite Pharmacy Professional
• YFP 001: The Genesis of the Your Financial Pharmacist Podcast
• YFP Real Estate Investing Podcast
• George Kinder: Three Questions About Life Planning
• Seven Stages of Money Maturity Workshop
• EVOKE® 5-Day Life Planning Training
• YFP 212: Checklist for Building a Strong Financial Foundation
• Your Financial Pharmacist Disclaimer and Disclosures

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 the YFP Facebook Group: How can I decide if pursuing PSLF will be beneficial for me at this point in my payoff journey?

Mentioned on the Show:

• YFP Planning: Financial Planning for Pharmacists
• Join the YFP Facebook Group
• Ask a YFP CFP® #88: What do I need to know about the recent PSLF changes?
• The Ultimate Guide to Pay Back Pharmacy School Loans
• Your Financial Pharmacist: Student Loan Refinancing
• 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.

Nate Hedrick and David Bright discuss the topic of tenant selection and whether or not to rent to tenants with pets.

Mentioned on the Show

• Join the YFP Facebook Group
• Join the YFP Real Estate Investing Facebook Group
• BiggerPockets
• Every Landlord's Legal Guide by Marcia Stewart, Janet Portment, Attorney, and Ann O'Connell, Attorney
• National Association of Independent Landlords
• National Real Estate Investors Association
• Email the YFP Real Estate Investing Podcast: [email protected]
• YFP Real Estate Investing
• Submit a Question to the YFP Real Estate Investing Podcast
• Apply to Be a Guest of the YFP Real Estate Investing Podcast