YFP Co-Founder & CEO, Tim Ulbrich, PharmD, talks about ten common financial mistakes that pharmacists make.
Key Points From This Episode
- The number one mistake on our list: paying too much interest on your student loan debt.
- Tim shares the way to shift your mindset away from the 'monopoly money' feeling.
- Diving into student loan strategy and the different buckets to consider.
- Talking about service loan forgiveness and PSLF strategy, and how to maximize these.
- Why emergency funds take a back seat and how to avoid delaying getting one.
- Some tips on starting your emergency fund.
- Mistake number four: protecting your income.
- Accepting your income is fixed, and factoring in inflation and debt loads.
- Putting numbers to the retirement savings saying of 'save early, save often.'
- Investing in a way that maximizes your tax savings!
- A reminder of why it's crucial to create a tax strategy and do your tax planning.
- Talking about saving out of order for kid's college.
- How to get a certified financial planner who has your best interests at heart.
Links Mentioned in Today's Episode
