Shows
Your Financial PharmacistYFP 414: Ask YFP: When Should I Contribute to Roth vs. Traditional Accounts?Wondering whether to contribute to a Roth or Traditional retirement account? Tim Ulbrich and Tim Baker break down key factors like tax brackets, Roth 401(k) access, and long-term planning tips to help you decide. Episode Summary One of the most common questions we get is: Should I contribute to a Roth or Traditional retirement account? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down the key factors to consider when deciding between Roth and Traditional contributions, including: ✅ Your current and proje...2025-07-1013 min
Your Financial PharmacistYFP 412: Does a 1% Fee Really Cost You 25% of Returns?Does a 1% AUM fee really cost you 25% of your returns? Tim Ulbrich and Tim Baker run the numbers and give you a framework to evaluate the real cost and the real value of financial planning. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle a common concern about working with a financial advisor: Does paying a 1% fee for assets under management (AUM) really eat away a quarter of your investment gains over time? We run the actual numbers using compound interest calculators to see how...2025-06-2620 min
Your Financial PharmacistEpisode 411: 3 Reasons Pharmacists Are Financially StuckFeeling financially stuck despite making a good income? Tim Ulbrich, PharmD, unpacks three common reasons pharmacists hit a financial plateau and how to reframe your thinking about money, income, and possibility. Episode Summary Do you ever feel like, despite making a good income, you should be further along financially? You’ve got the degree, the stable job, the six-figure salary…but you’re not making the progress you hoped for. You feel stuck, and you’re wondering why. In this episode of the Your Financial Pharmacist Podcast, YFP Co-Founder & CEO Tim Ulbrich...2025-06-1917 min
Your Financial PharmacistYFP 410: Fatherhood and Finance: 5 Lessons My Kids Taught Me About MoneyIn this special Father’s Day episode, Tim Ulbrich shares five unexpected and powerful money lessons he’s learned from raising four boys. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, reflects on the unexpected and powerful financial lessons he’s learned from raising four boys. From conversations at the concession stand to big-picture reflections on priorities, Tim shares 5 meaningful insights that go beyond spreadsheets and savings accounts. Whether you're a parent, planning to be one, or simply interested in how life shapes our money mindset, this episode offers a personal and practical look at...2025-06-1216 min
Your Financial PharmacistYFP 409: Millionaires Think Differently: The Mindset Shift That Changed My LifeWhat mindset separates high earners from true wealth builders? Inspired by The Millionaire Next Door by Dr. Thomas Stanley, Tim Ulbrich breaks down how changing his perspective on money transformed his financial path, and how it can do the same for you. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD explores the key mindset shift that helps pharmacists quietly build lasting wealth. This isn't about flashy cars or overnight success. It's about the habits, discipline, and mindset millionaires use to build wealth quietly and consistently. Drawing from both personal experience and lessons from The Millionaire...2025-06-0518 min
Your Financial PharmacistYFP 408: What Should You Do With an Old 401(k)?What should you do with an old 401(k)? Tim Ulbrich and Tim Baker explore your options, common pitfalls, rollover strategies, and how to make smart moves with old retirement accounts after leaving a job. Summary When you leave a job, what happens to the retirement account you left behind? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, take a deep dive into the important financial decisions surrounding old employer-sponsored retirement plans, such as 401(k)s and 403(b)s. Tim and Tim discuss the imp...2025-05-2949 min
Your Financial PharmacistYFP 407: Ask YFP: Using 529s for Student Loans & Buying Bitcoin EfficientlyTim Ulbrich and Tim Baker answer two questions from the YFP community on using 529 funds for student loans and the most cost-efficient ways to invest in digital assets like Bitcoin. Summary In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO Tim Baker, CFP®, RLP®, RICP®, to answer two insightful financial questions from the YFP community. First, they explore whether it makes sense to use 529 plan funds to pay off student loans. Tim and Tim break down the relevant provisions of the SECURE Act, highlight key limitations and tax...2025-05-1534 min
Your Financial PharmacistYFP 406: Should You Pay Off Your House Early?Should you pay off your mortgage early? YFP Co-Founder & CEO, Tim Ulbrich, PharmD unpacks the math, emotions, and big-picture factors in the mortgage payoff debate—plus 5 reasons when it may or may not make sense to pay extra on your mortgage. Summary Should you pay off your mortgage early? It’s a question that comes up often in personal finance—and the answer isn’t always as straightforward as the math suggests. In this episode, YFP Co-Founder and CEO Tim Ulbrich, PharmD, unpacks the numbers, the emotions, and the bigger picture behind this importan...2025-05-0823 min
Your Financial PharmacistYFP 405: Navigating Retirement Income: How to Turn Assets into a PaycheckHow do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down three common strategies for building a retirement paycheck — including how each works, who they’re best for, and the pros and cons to consider. Summary How do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, to explore three common retirement income strategies: the flooring strategy...2025-05-0152 min
Your Financial PharmacistYFP 404: 5 Key Questions to Ask Before Hiring a Financial PlannerTim Ulbrich, PharmD, and Tim Baker, CFP®, break down how to find the right financial planner—covering what planners really do, how they’re paid, and the questions to ask—so you can move forward with clarity and confidence. This episode is brought to you by First Horizon. Summary Not sure who to trust with your finances—or if you even need a financial planner? In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP® dive into what a great financial planner does beyond providing investment advice, and how they can help you navigate li...2025-04-241h 19
Your Financial PharmacistYFP 403: Lessons from the Red: Navigating Big Market DipsTim Ulbrich, PharmD, reflects on losing over $100,000 during recent market volatility and shares eight powerful, experience-driven lessons from two decades of investing to help listeners navigate the emotional and practical realities of building wealth. This episode is brought to you by APhA. Summary In this episode, Tim Ulbrich, PharmD gets personal and shares how he lost over $110,000 in just five days. Despite his professional background in personal finance, Tim candidly shares how challenging it was to write those numbers down—highlighting just how emotional and disorienting the recent market volatility can feel...2025-04-1725 min
Your Financial PharmacistYFP 402: Building a Legacy: The Family Constitution Blueprint with Julia MyersIn this episode, Julia Myers, pharmacist and founder of Generational Wisdom, shares her Family Constitution Blueprint, a tool to help families define values, build traditions, and create a lasting legacy. This episode is brought to you by First Horizon. Summary In this episode, Tim Ulbrich is joined by Julia Myers, a pharmacist and the founder of Generational Wisdom, a business born out of her own powerful story of transformation. Julia shares her Family Constitution Blueprint, a thoughtful and deeply practical tool that helps families clarify their core values, establish meaningful traditions, and create a vision t...2025-04-1044 min
Your Financial PharmacistYFP 401: Ask YFP: Roth IRA Eligibility & Estimating Life Insurance NeedsTim Ulbrich and Tim Baker tackle questions from the YFP community on life insurance needs for expectant parents and eligibility for direct Roth IRA contributions. Summary On today’s episode, YFP Co-Founders Tim Ulbrich, PharmD and Tim Baker, CFP tackle two important questions from the YFP community. First, they dive into how to project your life insurance needs when welcoming a new baby into the family. Then, Tim and Tim break down how Modified Adjusted Gross Income (MAGI) is calculated to help you determine if you’re eligible for direct Roth IRA contributions. 2025-03-2715 min
Your Financial PharmacistYFP 400: From Pharmacy to Podcasting: Anisha Patel’s Journey of Growth & EntrepreneurshipIn this episode, Tim Ulbrich chats with Anisha Patel, host of the Pharmacist Diaries podcast, about her journey through pharmacy, entrepreneurship, and personal growth, including her work at Oxford and Cleveland Clinic Abu Dhabi, and how launching her podcast during the pandemic opened new opportunities. Summary In this episode, Tim Ulbrich, YFP Co-Founder, is joined by Anisha Patel, host of the Pharmacist Diaries podcast, to discuss her inspiring journey through pharmacy, entrepreneurship, and personal growth. Anisha’s story spans from growing up in a family of independent pharmacists in the UK to working at...2025-03-201h 07
Your Financial PharmacistYFP 399: From Pre-Approval to Closing: Understanding the Mortgage Process (and Common Mistakes to Avoid)Tim Ulbrich, YFP Co-Founder is joined by mortgage loan officer Tony Umholtz to discuss the mortgage process. They break down key steps, from getting pre-approved to closing, highlighting important considerations and common mistakes to avoid when buying a home. This episode is brought to you by First Horizon. Summary In this episode, Tim Ulbrich, YFP Co-Founder and CEO is joined by Tony Umholtz, a mortgage loan officer with First Horizon Bank as they break down one of the biggest financial commitments you’ll ever make—buying a home. Taking out a mort...2025-03-1358 min
Your Financial PharmacistYFP 398: Is Your Income Your Rate Limiting Step?In this episode, Tim Ulbrich, YFP CEO looks at three powerful areas for growing your income: maximizing your compensation, real estate investing, and building side hustles or businesses. Summary While cutting expenses is a key part of managing your finances, there's a limit to how much you can cut. The good news? Your income has no ceiling. In this episode, Tim Ulbrich, YFP CEO, looks at three powerful areas for growing your income: maximizing your compensation, real estate investing, and building side hustles or businesses. Tim shares some personal experiences and examples from o...2025-03-0629 min
Your Financial PharmacistYFP 397: The Art of Rebalancing: Maintaining Your Investment PortfolioTim Baker, CFP®, RICP®, RLP® and Tim Ulbrich, PharmD discuss the importance of maintaining a balanced asset allocation, the nuances of risk tolerance and capacity, and the different accounts you should be rebalancing. Brought to you by First Horizon. Summary In this episode, Tim Baker, CFP®, RICP®, RLP®, and Tim Ulbrich, PharmD, explore the essentials of rebalancing your investment portfolio. Tim and Tim discuss asset allocation, risk tolerance, and key accounts to rebalance. They also highlight common mistakes and effective rebalancing strategies for long-term investment success. Mentioned on the Show2025-02-2730 min
Your Financial PharmacistYFP 396: Managing Money Together: Strategies for CouplesTim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship. Summary In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® dive into the challenges and rewards of managing money in a relationship. They break down how different approaches—whether merging finances completely, keeping some things separate, or managing everything individually—can impact your financial harmony. Through real-life insights, Tim and Tim highlight the power of open communication, understanding each other’s money habits, and creating a shared financial vision. They also di...2025-02-201h 01
Your Financial PharmacistYFP 395: What to Look for in a Real Estate Agent (And Why It’s More Important Than Ever)Tim Ulbrich & Nate Hedrick break down 2025 housing trends, agent tips & the new buyer’s agreement. Sponsored by Real Estate RPH. Summary Tim Ulbrich, YFP Co-Founder talks with Nate Hedrick, PharmD and Founder of Real Estate RPh as they break down the key trends shaping the 2025 housing market, from declining home sales to soaring interest rates. Nate shares what to look for in a real estate agent, why local market expertise matters, and how the new buyer’s agent agreement affects you. This episode is brought to you by Real Estate RPH. Menti...2025-02-1339 min
Your Financial PharmacistYFP 394: Crafting a Rich Life in Retirement: Insights from David Zgarrick, PhDTim Ulbrich, YFP Co-Founder welcomes back David Zgarrick, PhD to share his journey into "preferment," balancing retirement, financial planning, and staying engaged through teaching and consulting. Summary In this episode, Tim Ulbrich, YFP Co-Founder, welcomes back David Zgarrick, PhD, as he shares his journey into what he calls the "preferment phase" of life. Dr. Zgarrick opens up about his transition from academia to retirement, the joy of new routines, and the power of early financial planning. He highlights the importance of staying engaged—through consulting, teaching, and meaningful activities—while keeping financial health in check. 2025-02-0646 min
Your Financial PharmacistYFP Real Estate Investing 132: Rent vs Buy: Does Buy Still Make Sense?Tim Ulbrich talks with Nate Hedrick and David Bright as they break down the rent vs. buy dilemma in today’s market, tackling equity, flexibility, financial strategy, and key market insights. Summary Tim Ulbrich talks with real estate investors Nate Hedrick, PharmD and David Bright, PharmD as they dive into the rent vs. buy decision in today’s housing market, offering practical insights and real-life experiences. They explore the financial benefits of both options, the role of equity, and the flexibility renting provides. Their discussion highlights the importance of understanding local market dynamics, strategic use of h...2025-01-3042 min
Your Financial PharmacistYFP 393: Ask YFP: Growing Your Income & Saving for Kids College SavingsYFP Co-Founders, Tim Ulbrich and Tim Baker answer two listener submitted questions about growing income and saving for your child’s college education. Summary In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP tackle two listener submitted questions. Cory from Arizona seeks advice on how pharmacists, in addition to cutting expenses, can increase their income to achieve their financial goals. Amanda from Minnesota, inquires about 529 college savings plans and balancing it with other financial priorities. Mentioned on the Show YFP YouTube Channel YFP Blog: 19 Ways to Make Extra Money as a Ph...2025-01-2328 min
Your Financial PharmacistYFP 392: Keeping Your Investment Portfolio FITTim Baker, CFP®, and Tim Ulbrich, PharmD, share strategies to address fees, inflation, and taxes, helping you keep your investment portfolio fit and achieve your financial goals. Summary In this episode, Tim Baker, CFP® and Tim Ulbrich, PharmD discuss a crucial topic related to personal finance: keeping your investment portfolio fit. Tim and Tim explore three silent threats to your investments—fees, inflation, and taxes. Learn practical strategies to manage fund fees, mitigate inflation's impact, and use tax-efficient approaches to safeguard your portfolio. Whether you're starting to save or nearing retirement, this episode deli...2025-01-1639 min
Your Financial PharmacistYFP 391: 7 Books That Shaped My Money MindsetTim Ulbrich shares insights from seven financial books that shaped his journey, offering key lessons on saving, spending, mindset, and building wealth. Summary In this episode, Tim Ulbrich highlights seven impactful financial books that shaped his journey, including I Will Teach You to Be Rich by Ramit Sethi, Die with Zero by Bill Perkins, and Rich Dad, Poor Dad by Robert Kiyosaki. He shares key takeaways on topics like balancing saving and spending, adopting a wealth-building mindset, and spending for happiness. Mentioned on the Show YFP on YouTube YFP 390: Financial Resolutions: Top 5...2025-01-0921 min
Your Financial PharmacistYFP 390: Financial Resolutions: Top 5 Moves for Pharmacists in 2025Tim Ulbrich, YFP Co-Founder, shares 5 key financial moves to align your goals, enjoy life now, and build a secure future. Summary In the first episode of the year, Tim Ulbrich, YFP Co-Founder, dives into strategies for aligning your personal and professional goals to make 2025 your best year yet. He shares five essential financial moves to help you strike the perfect balance between enjoying life today and building a secure future. Learn actionable tips for setting meaningful financial goals, optimizing your tax planning, organizing your financial documents, automating your savings, and crafting a plan...2025-01-0224 min
Your Financial PharmacistYFP 389: 2024 in Review: Milestones, Highlights, & Giveaway!Tim Ulbrich, YFP CEO, celebrates over 2 million downloads of the YFP Podcast by sharing some of his favorite episodes and listener stories. He also previews exciting projects ahead in 2025 for YFP. Summary In this special year-end episode, host Tim Ulbrich reflects on a milestone year, celebrating over 2 million downloads of the YFP Podcast. He shares powerful listener stories, recaps his top three episodes of 2024—featuring topics like achieving financial success, landing scholarships, and entrepreneurial journeys in pharmacy—and offers a glimpse into what’s ahead for 2025. Plus, don’t miss your chance to win a $1...2024-12-2610 min
Your Financial PharmacistYFP 387: Cryptocurrency & Digital Assets: Investment Considerations and Tax ImplicationsIn part two of their cryptocurrency series, YFP Co-Founders Tim Baker and Tim Ulbrich discuss spot Bitcoin ETFs, the IRS's stance on cryptocurrency, and strategies for incorporating digital assets into long-term portfolios. This episode is brought to you by First Horizon. Summary This week in part two of the series on cryptocurrency and digital assets, YFP Co-Founders Tim Baker, CFP and Tim Ulbrich, PharmD explore the recent introduction of spot Bitcoin ETFs and how they differ from investing directly in Bitcoin. Tim and Tim also discuss the IRS's perspective on cryptocurrency and key c...2024-12-0533 min
Your Financial PharmacistYFP 386: Cryptocurrency & Digital Assets: Definitions, Origins, and RisksTim Ulbrich and Tim Baker discuss cryptocurrency, examining its advantages like decentralization and transparency and risks such as volatility and regulatory uncertainty. Summary In this first episode of a two-part series on cryptocurrency and digital assets, YFP Co-Founders Tim Ulbrich and Tim Baker explore the world of digital finance and its relevance in today’s financial landscape. Tim and Tim unpack essential terms and explore how the 2008 financial crisis served as a catalyst for the rise of cryptocurrency, with Bitcoin leading the charge. The discussion highlights the unique advantages of digital assets, such as...2024-11-2836 min
Your Financial PharmacistYFP 385: Networking Reimagined: Insights from David BurkusTim Ulbrich revisits his 2019 conversation with David Burkus, author of Friend of a Friend, to explore how we can rethink networking and build relationships that unlock new opportunities. This episode is brought to you by First Horizon. Summary In this week’s episode, YFP Co-Founder Tim Ulbrich revisits a 2019 conversation with David Burkus, best-selling author of Friend of a Friend, to explore how we can rethink networking and build relationships that unlock new opportunities. David, an expert in organizational behavior and network science, challenges traditional networking advice and highlights the surprising value of "weak ties"—conn...2024-11-2146 min
Your Financial PharmacistYFP 384: Beyond Salary: Negotiating Your Value in the WorkplaceYFP Co-Founders Tim Baker and Tim Ulbrich discuss essential negotiation skills inspired by Chris Voss’s book Never Split The Difference, covering key strategies to boost your financial plan, mindset, and confidence. Summary In this episode, YFP Co-Founders Tim Baker and Tim Ulbrich have a valuable conversation on negotiation—an essential skill that impacts not only finances but also mindset and confidence. Inspired by Chris Voss's book Never Split The Difference, Tim and Tim explore negotiation techniques drawn from Voss’s experience as a former FBI hostage negotiator and break down why negotiation is vital for yo...2024-11-1449 min
Your Financial PharmacistYFP 383: 5 Overlooked & Undervalued Areas of the Financial PlanTim Ulbrich, YFP CEO, explores five often-overlooked areas of financial planning from credit, tax planning, emergency funds, insurance, and estate planning. Summary YFP CEO Tim Ulbrich dives into five critical—but often overlooked—areas of financial planning that deserve more attention. While these topics might not be as thrilling as investing, making big purchases, or debt reduction, they’re essential for a strong financial foundation. Tim covers the importance of: building and maintaining credit; proactive tax planning; establishing an emergency fund; reviewing health, life and disability insurance policies; and estate planning. Learn how to give...2024-11-0725 min
Your Financial PharmacistYFP 380: Understanding & Improving Your CreditTim Ulbrich and Tim Baker discuss the role of credit in financial planning: why it matters, how it works, what makes up a credit score, common credit misconceptions and more. Summary In this episode, Tim Ulbrich and Tim Baker discuss the role of credit in financial planning. They explore why credit matters, how it works, and how it influences important areas in your financial plan. Tim and Tim break down the factors that make up a credit score, from payment history and credit utilization to the age of credit and hard inquiries. 2024-10-1040 min
Your Financial PharmacistYFP 378: 10 Questions for Early RetirementTim 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...2024-09-2647 min
Your Financial PharmacistYFP 377: 10 Moves to Make to Become Financially Fit 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 fo...2024-09-1930 min
Your Financial PharmacistYFP 375: Breaking New Ground: Emmanuel Ayanjoke's Vision for Altev Community PharmacyTim 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...2024-09-0534 min
Your Financial PharmacistYFP 371: 5 Wealth-Building Strategies to Become a Seven Figure PharmacistTim Ulbrich, YFP Co-Founder and CEO shares five wealth-building strategies to include in your own financial plan. Summary In this episode, Tim Ulbrich, YFP Co-Founder and CEO, shares five wealth-building strategies you can incorporate into your own financial plan. Drawing from his own financial journey, these strategies have been tested, refined, and used by Tim and his wife, Jess. From setting savings goals to tracking net worth monthly to increasing your financial IQ, Tim makes setting up your financial path for success more attainable. About Today's Guest Tim Ulbrich...2024-08-0829 min
Your Financial PharmacistYFP 368: How Much is Enough for Kids College?Tim Baker helps parents navigate saving for their child’s college education, from projecting costs and balancing goals to 529 plans. This episode is brought to you by First Horizon. Summary Most parents desire to contribute toward their child’s college tuition; however, knowing how much to save and plan for can be a bit of a moving target. How much is enough to save for college? Tim Baker, YFP Co-Founder and Director of Financial Planning, lays out the financial roadmap to help parents navigate the complexities of college savings. Tim emphasizes the imp...2024-07-1849 min
Your Financial PharmacistYFP 366: Your Medicare and Long-Term Care Questions AnsweredTim Baker, YFP Director of Financial Planning, breaks down Medicare and long-term care insurance and what to consider when deciding on a policy. Summary Tim Baker, YFP Director of Financial Planning, breaks down the importance of long-term care insurance in retirement planning, highlighting the need to carefully consider the cost of these policies and how they fit into one's overall financial plan. Tim also discusses Medicare parts A, B and D and the importance of understanding the enrollment period to avoid paying penalties. About Today's Guest Tim Baker is t...2024-07-0435 min
Your Financial PharmacistYFP 363: A Conversation with My Dad: Lessons on Entrepreneurs, Fatherhood, & FinanceYFP CEO Tim Ulbrich talks with his dad, Tom Ulbrich, on entrepreneurship, fatherhood, and finances. Summary In celebration of Father’s Day, Tim Ulbrich talks with his own dad, Tom Ulbrich, to have a conversation on entrepreneurship, fatherhood, and finances. During this wisdom-packed dialogue, Tom shares his career journey starting with running a family business, to developing an e-commerce business out of the basement of his home, to achieving his MBA in his 40’s, to his time in academia, and to now leading a large nonprofit in Western New York. Tom shares his thoug...2024-06-131h 12
Your Financial PharmacistYFP 360: Starting a Nonprofit: An Interview w/ Brentsen Wolf, PharmD, Founder of RxTeachBrentsen Wolf, PharmD, Founder and President of the nonprofit RxTeach, shares his journey of starting and leading a nonprofit organization. Summary On this episode, Tim Ulbrich connects with industry pharmacist Brentsen Wolf, PharmD about his journey starting RxTeach, a nonprofit organization dedicated to providing scholarships in the areas of advancing preventative medicine education and cancer research. Brentsen discusses the motivations behind starting RxTeach, how he was able to go from idea to getting it off the ground and shares the lessons he learned along the way. He also discusses his thoughts on the future of t...2024-05-2331 min
Your Financial PharmacistYFP 358: Top 6 Financial Moves to Make as a Mid-Career PharmacistYFP Co-Founder and Director of Financial Planning Tim Baker discusses six financial moves for mid-career pharmacists, including re-evaluating the vision for the financial plan. Summary Tim Ulbrich is joined by YFP Co-Founder and Director of Financial Planning, Tim Baker to discuss various financial planning strategies for mid-career pharmacists, including resetting the vision for the financial plan, prioritizing retirement planning and emergency funds, and reevaluating, reviewing and updating insurance policies. Regularly reviewing and adjusting these funds to account for the various life changes ensures that policies align with current financial goals and circumstances. Tim a...2024-05-0946 min
Your Financial PharmacistYFP 357: Emergency Fund Check-Up: Five Questions You Must AnswerTim Ulbrich, PharmD (YFP Co-Founder & CEO) covers five questions that you should ask related to your emergency fund to determine whether or not it is adequately funded and optimized. This episode is brought to you by First Horizon. Summary This week we’re diving deep into a financial fundamental that often flies under the radar: the emergency fund, also known as the rainy day fund. Saving for unexpected expenses isn’t easy. It requires discipline, patience, and a leap of faith to stash away money for something you can’t predict. Especial...2024-05-0216 min
Your Financial PharmacistYFP 356: Love and Money: How to Successfully Navigate your Finances with a PartnerTim Ulbrich, PharmD (YFP Co-Founder & CEO) digs into how to successfully navigate finances with your partner and shares 25 questions you can use to frame conversations around money. This episode is brought to you by First Horizon. Summary On this episode, we're talking about love and money! Discussing finances with your spouse, partner or significant other can be tricky sometimes. Tim Ulbrich shares 25 financial discussion questions to help you navigate these important conversations along with a free resource you can download to help get you started. From reflecting on your “money classroom” and the way yo...2024-04-2530 min
Your Financial PharmacistYFP 355: Preparing for New Practitioner Life: 5 Financial Moves to Make After GraduationYFP Co-Founder & CEO, Tim Ulbrich, PharmD shares five key elements for building a strong financial foundation after graduation. This episode is brought to you by YFP+. Summary On this episode sponsored by YFP+, host Tim Ulbrich outlines five key elements for building a strong financial foundation. Whether you are a pharmacy student looking ahead, a soon to be 2024 graduate, or a resident, fellow, or new practitioner trying to find solid financial footing, Tim shares what it means to build a strong financial foundation, no matter where you are in your career. Wit...2024-04-1828 min
Your Financial PharmacistYFP 353: Avoiding the Trap of House Poor: Evaluating the True Costs of Home OwnershipNate Hedrick, The Real Estate RPH, discusses how to avoid the trap of becoming house poor, the ever-lively debate of renting vs buying a home, the costs of buying a home, and how to determine how much house you can afford. Summary In this episode sponsored by Real Estate RPh, host Tim Ulbrich chats with pharmacist and real-estate agent Nate Hedrick, CEO and founder of Real Estate RPh all about the costs of home buying. Beyond the initial down payment and monthly mortgage payment, there are a lot of expenses with home ownership. Some expenses...2024-04-0439 min
Your Financial PharmacistYFP 351: Legacy Planning 101: How to Build Your Legacy Folder and Why It's ImportantTim Ulbrich discusses the importance of creating a legacy folder to organize essential financial documents for access during emergencies and peace of mind. Summary In this episode, YFP Founder and CEO, Tim Ulbrich, delves into the critical aspect of establishing a "legacy folder" to efficiently organize essential financial documents and accounts. This folder serves as a vital resource in emergencies, streamlining access for loved ones and averting confusion or delays. Drawing from personal experience, Ulbrich shares how he and his wife maintain their financial plan and essential documents in a shared electronic folder and a...2024-03-2118 min
Your Financial PharmacistYFP 350: Monetizing Your Clinical Expertise with Dr. Timothy Gauthier (YFP Classic)Tim Gauthier, a pharmacist and entrepreneur of two learning platforms shares advice for pharmacists seeking to monetize their clinical expertise. This episode is sponsored by APhA. Summary This week on the YFP Podcast, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, welcomes antimicrobial stewardship pharmacist and fellow pharmacy entrepreneur, Tim Gauthier. Tim is the creator of IDStewarship.com and LearnAntibiotics.com. During the show, Tim and Tim discuss the genesis for creating these two learning platforms, how Tim has monetized his clinical experience to create passive streams of income, and how he manages to stay...2024-03-1534 min
Your Financial PharmacistYFP 349: Your Top 3 Questions Answered by a CERTIFIED FINANCIAL PLANNER™YFP’s Tim Baker addresses key questions from the community, covering retirement savings, cost of living, and the importance of the nest egg calculation. Summary On this week's episode of the YFP Podcast, host Tim Ulbrich is joined by YFP Co-Founder and Certified Financial Planner, Tim Baker, to dive into some of the most common questions from the YFP community. He covers topics ranging from debt repayment to investing and retirement planning in three key questions: How much do I need to save in order to retire? How do I determine what is en...2024-03-0738 min
Your Financial PharmacistYFP 346: Developing a Budget That Works…And You Don’t HateTim Ulbrich shares the importance of setting a budget for achieving your financial goals and five steps to help you get started. Summary In this week's episode, we learn all about one of the key first steps to mastering your money: creating a budget. You’ll learn how to implement a budgeting system that not only works, but is also enjoyable. Tim Ulbrich, YFP Founder and CEO shares a practical five-step process to help you get started. A budget isn't a restrictive tool, but an important instrument that can empower you on your journey toward fi...2024-02-1531 min
Your Financial PharmacistYFP 345: 7 Personal Finance Books to Read in 2024Tim Ulbrich reviews seven impactful finance books he recommends for both seasoned investors and beginners to gain strategies and inspiration for success. Summary In this episode, Tim Ulbrich continues the discussion from Episode 341 on "5 Financial Moves to Make in 2024." The fifth "move" was about "setting a plan for your personal finance learning," and this week, Tim dives into seven personal finance books that have profoundly influenced his financial journey. With no particular order in mind, Tim shares insights from each book and how he has implemented key takeaways into his own financial plan...2024-02-0824 min
Your Financial PharmacistYFP 343: Getting Ready for Tax SeasonTim Ulbrich and Sean Richards, CPA, discuss the tax preparations listeners should be considering ahead of the 2023 filing. Summary In this episode, Tim Ulbrich and Director of YFP Tax, Sean Richards, CPA, discuss the tax preparations listeners should be considering ahead of tax season and the 2023 filing. Whether you DIY your taxes or work with a professional, there are documents that need to be on hand to file your taxes. Sean shares essential tax moves for the year, emphasizing the significance of being proactive for the 2024 tax season. Sean also discusses the value of a...2024-01-2533 min
Your Financial PharmacistYFP 341: 5 Financial Moves to Make in 2024Tim Ulbrich, YFP CEO, shares 5 key moves for financial success, emphasizing automation, proactive tax planning, document organization, and continuous learning. Summary In the first episode of the New Year, YFP CEO and financial educator, Tim Ulbrich, unveils a financial roadmap for 2024, emphasizing five key moves for achieving financial success and living a rich life. Tim highlights the pivotal role of automation in financial planning, proactive tax planning, the importance of organizing financial documents and the significance of continuous learning. He shares his personal financial goals and the systems he uses to organize and prioritize his...2024-01-0438 min
Your Financial PharmacistYFP 340: YFP Podcast Replay - How to Teach Your Kids About Money and InvestingDylin Redling and Allison Tom discuss their journey to FIRE and their book for kids on investing and personal finance, sharing practical advice and tips. Summary On this episode Tim Ulbrich welcomes Dylin Redling and Allison Tom, creators of Retireby45.com and authors of two books, Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement and Investing for Kids: How to Save, Invest and Grow Money. Dylin and Allison achieved ‘financial independence retire early’ status in 2015 when they were in their early 40’s. Have you ever thought to yourse...2023-12-2845 min
Your Financial PharmacistYFP 339: YFP Podcast Replay - Why Negotiation is an Important Part of Your Financial PlanTim & Tim talk about negotiation, why it’s an important part of the financial plan, the goals of negotiation, and tips for conducting an effective negotiation. Summary Tim Baker joins Tim Ulbrich on this episode to dig into all things negotiation. Negotiation is the process of discovery and a way to advocate for yourself and what your needs are. Tim Baker explains that negotiation is an important part of your financial plan for many reasons. He explains that settling for a lower salary can have a significant impact on your present and future finances because yo...2023-12-2148 min
Your Financial PharmacistYFP 328: How to Navigate Open Enrollment & Employer BenefitsTim Baker, CFP, RICP, RLP joins Tim Ulbrich, PharmD to discuss open enrollment & evaluating employer benefits. Summary This week on the podcast, Tim Ulbrich, PharmD sits down with YFP co-owner and Director of Financial Planning, Tim Baker, CFP, RICP, RLP to discuss open enrollment and the process of evaluating employer benefits. They discuss considerations for choosing a health insurance plan, how to determine whether or not your employer-provided life and disability insurance is sufficient, the differences between an FSA, Dependent Care FSA, and HSA, and what to be looking for when putting money into your...2023-10-0537 min
Your Financial PharmacistYFP 325: Retirement Roadblocks: Identifying and Managing 10 Common Risks (Part 2)YFP Co-Founder and CEO, Tim Ulbrich, PharmD and YFP Co-Founder and Director of Planning, Tim Baker, CFP®, RLP®, RICP®, wrap up a two-part series on 10 common retirement risks you should plan for. Mentioned on the Show: Free Download: Retirement Roadblocks: Identifying and Managing 10 Common Risks Guide YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Baker on LinkedIn Tim Ulbrich on LinkedIn 2023-09-1446 min
Your Financial PharmacistYFP 324: Retirement Roadblocks: Identifying and Managing 10 Common Risks (Part 1)YFP Co-Founder and CEO, Tim Ulbrich, PharmD and YFP Co-Founder and Director of Planning, Tim Baker, CFP®, RLP®, RICP®, kick off a two-part series on 10 common retirement risks you should plan for. Mentioned on the Show: Free Download: Retirement Roadblocks: Identifying and Managing 10 Common Risks Guide First Horizon Home Loan Social Security Administration Episode 291: Redefining Retirement with Professor Emeritus David Zgarrick, PhD Episode 294: 10 Common Social Security Mistakes to Avoid (Part 1) Episode 295: 10 Common Social Security Mistakes to Avoid (Part 2) Episode 296: 5 Key Decisions for Long-Term Care Insurance Episode 242: Social Security 101: History, How it Works, and Why it Matters for Y...2023-09-0751 min
Your Financial PharmacistYFP 322: Checklist for First-Time HomebuyersSummary If you’re a first-time home buyer, this episode is for you! This week’s episode, sponsored by FirstHorizon, features Tony Umholtz, a mortgage loan officer at First Horizon Bank with over 20 years of experience in the industry, and he is here to share important factors that you should be taking into consideration before purchasing your first property. By the end of the episode, you will understand how banks decide whether or not to approve a mortgage application, the pros and cons of the various loan options that exist, the difference between preapproval and prequalification, things to l...2023-08-2440 min
Your Financial PharmacistYFP 305: Understanding Annuities: A Primer for PharmacistsIn over 300 episodes of Your Financial Pharmacist, we haven’t covered much about annuities and today, Tim Baker, CFP®, RICP®, RLP® joins Tim Ulbrich, PharmD to do just that. On this episode, sponsored by First Horizon, you’ll hear all about what annuities are, the main types and how they differ, common misunderstandings, fees associated with annuities, and how they can assist with building a retirement paycheck through the flooring strategy. Links Mentioned in Today's Episode First Horizon’s Pharmacist Home Loan LIMRA: 2022 US Retail Annuity Sales Shatter Annual Sales Records Set in 2008 YFP Episode 275: How to Build a...2023-04-2746 min
Your Financial PharmacistYFP 300: Celebrating 300 Episodes of the YFP Podcast!On this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, RICP®, celebrate the 300th episode of the Your Financial Pharmacist Podcast! From student loan repayment strategies and investment planning to wealth protection and entrepreneurship, this podcast has strived to provide valuable insights and practical advice to help pharmacists achieve their financial goals each week. Tim and Tim reflect on some of the most memorable moments and guests from the past 299 episodes. Links Mentioned in Today’s Episode Join APhA – Get 25% Off Your Membership with Code: YFP YFP 001...2023-03-231h 05
Your Financial PharmacistYFP 265: 10 Lessons Learned: Employee to EntrepreneurYFP Co-Founder & CEO, Tim Ulbrich, PharmD, shares ten lessons he has learned on his journey from employee to entrepreneur. Links Mentioned in Today’s Episode Register for the YFP Employee to Entrepreneur Virtual Summit Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance I Was a Confused, Trapped Pharmacist Living Paycheck to Paycheck Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt, and Create Wealth by Tim Church, PharmD and Tim Ulbrich, PharmD Start.: Punch Fear in the Face, Escape Average, and Do Work That Matters by Jon Acuff Start with Why: How...2022-07-2130 min
Your Financial PharmacistYFP 237: 5 Financial Moves to Make to Crush Your 2022 GoalsTim Ulbrich talks through 5 financial moves you should consider making in 2022 to accelerate your financial plan. Key Points From This Episode How to take advantage of this time to reset, refocus, or create your financial plan. Finding the balance between your qualitative and quantitative goals. Tim offers to be your accountability partner. How to take your tax strategy to the next level. Updating your important financial documents: what is a legacy folder and why you should get one. Revisiting your student loan game, plus some great resources to help. Set your personal learning plan with our to...2022-01-0616 minYour Financial PharmacistYFP Real Estate Investing 38: New Years Goals for Real Estate InvestingTim Ulbrich and Tim Baker discuss goal setting, the importance of your ‘why,’ and translating each to a realistic plan toward real estate strategy in 2022. Key Points From This Episode How to start the year off with strong goals and taking the time to revisit your 'why'. Some examples of realistic goals and why they matter in day-to-day reality. Why having a planner who asks the right questions is crucial. The importance of the act of recurring planning as opposed to having a static plan. How humans grow and change over time; and your financial plan should...2022-01-0140 minYour Financial PharmacistYFP 202: How to Teach Your Kids About Money and InvestingTim Ulbrich welcomes Dylin Redling and Allison Tom, creators of Retireby45.com and authors of two books, Start Your F.I.R.E. (Financial Independence Retire Early): A Modern Guide to Early Retirement and Investing for Kids: How to Save, Invest and Grow Money to the show. Dylin and Allison talk about their FIRE journey and share practical advice and meaningful activities to help teach kids about money and investing. Mentioned on the Show Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance Retire by 45 Start Your F.I.R.E. (Financial Independence...2021-05-0646 minYour Financial PharmacistYFP 198: What You Need to Know About the Most Recent Stimulus BillOn this episode, sponsored by Insuring Income, Tim Baker and Tim Ulbrich break down the key points of the most recent $1.9 trillion stimulus package also known as the American Rescue Plan Act of 2021. Tim and Tim discuss the items that they think are the most relevant to your financial situation and plan, including the stimulus payments, the expansion of the child tax credit, the unemployment compensation and benefits, and what to make of the student loan forgiveness provisions being tax-free through the end of December of 2025. Mentioned on the Show Insuring Income: Get Quotes and Apply...2021-04-0839 minYour Financial PharmacistYFP 187: How to Maximize Your Student Loan Strategy While Federal Student Loan Payments are PausedOn this episode sponsored by LendKey, Kelly Reddy-Heffner, YFP Lead Financial Planner, joins Tim Ulbrich to talk through how those with federal student loans should be maximizing their student loan repayment strategy during another extension of administrative student loan forbearance. Mentioned on the Show: LendKey: Refinance Your Student Loans YFP Planning: Financial Planning for Pharmacists Student Loan Analysis: A One-on-One Customizable Plan to Tackle Your Student Loans Schedule Your Student Loan Analysis YFP Facebook Group Seven Figure Pharmacist by Tim Church PharmD and Tim Ulbrich, PharmD The Pharmacist’s Guide to Conquering Student Loans by Tim Chur...2021-01-2135 minYour Financial PharmacistYFP 179: How Josh and Kara Tackled $188k of Student Loans in 28 MonthsPharmacists Josh and Kara Soppe join Tim Ulbrich to share their journey of paying off $188,000 of student loan debt in 28 months. Josh and Kara dig into why they chose to aggressively tackle their student loans, their strategy for paying them off, how they created and implemented a budget, and their plans are now that their student loans are paid in full. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Connect with Tim Ulbrich on LinkedIn Refinance Your Student Loans Mint The Pharmacist’s Guide to Conquering Student Loans by Tim Church, PharmD 2020-11-1934 minYour Financial PharmacistYFP 163: Investing Beyond the 401k/403bTim Ulbrich and Tim Baker talk about investing beyond the 401k or 403b and break down the traditional IRA, Roth IRA, HSA, SEP IRA and taxable/brokerage accounts and discuss their contribution limits, how to appropriately use them and the advantages and disadvantages of each. Mentioned on the Show Join APhA- Get 25% Off Your Membership with Code: YFP2020 YFP Planning Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP 073: How to Determine the Priority of Investing YFP 074: Evaluating Your 401k Plan YFP 075: DIY, Rob...2020-07-3055 minYour Financial PharmacistYFP 142: Scripting Your Dream Career with Dr. Adam MartinDr. Adam Martin joins Tim Ulbrich on the show to discuss his most recent book ‘Gen-Z Pharmacist: Dominate Pharmacy School & Script Your Dream Career’. Mentioned on the Show Refinance Your Student Loans The Fit Pharmacist Healthcare Podcast Gen-Z Pharmacist: Dominate Pharmacy School & Script Your Dream Career by Dr. Adam Martin Follow The Fit Pharmacist on Instagram Law of Attraction: The Science of Attracting More of What You Want and Less of What You Don't by Michael J. Losier YFP 091: How to Become a Fit Pharmacist w/ Dr. Adam Martin Rx You! The Pharmacist's Survival Guide to Manag...2020-03-0542 minYour Financial PharmacistYFP 140: How Ryan Is Bringing in $11,000 a Month Through College Town Real Estate InvestingRyan Chaw, clinical pharmacist and real estate investor, joins Tim Ulbrich on the show. They talk about how Ryan was able to accelerate his financial goals through real estate investing and how he went from zero rentals and zero rental income to $10,755 per month from 18 tenants in four years. Mentioned on the Show YFP Fellowship - Apply Today! Seven Figure Pharmacist by Tim Ulbrich, PharmD and Tim Church, PharmD BiggerPockets BiggerPockets Real Estate Investing Podcast How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started by Brandon Turner The Millionaire Real Estate Inv...2020-02-2033 minYour Financial PharmacistYFP 133: Your Financial Toolkit for a Successful 2020On the first episode of the New Year, Tim Ulbrich talks about 5 ways you can accelerate your financial plan in 2020. This episode is full of resources you can use to put these ideas into action. Mentioned on the Show Credible Home Mortgage Refinance Enter the New Years Giveaway YNAB Your Best Year Ever by Michael Hyatt 100 Side Hustles: Unexpected Ideas for Making Extra Money Without Quitting Your Day Job by Chris Guillebeau YFP 032: Find Your Why (Part 1): 3 Life Planning Questions w/ Tim & Jess Ulbrich YFP 033: Find Your Why (Part 2): The Path to Success w/ Tim & Jess U...2020-01-0327 minYour Financial PharmacistYFP 125: Why Lowering Interest Rates for Student Loans is an Alternative to Debt CancellationDr. Joey Mattingly, a faculty member at The University of Maryland School of Pharmacy, talks to Tim Ulbrich about a recent article published in the American Journal of Pharmaceutical Education titled Before we talk about student debt cancelation, can we talk about the interest rates? They cover the basics of loan terminology, discuss why lower interest rates would have such a significant impact on student indebtedness and discuss the reasons why lowering interest rates may be a better option than loan cancellation or forgiveness. Mentioned on the Show YFP Planning Before we talk about student debt...2019-11-0741 minYour Financial PharmacistYFP 120: 5 Ways to Finish 2019 StrongTim Ulbrich talks through 5 ways to finish 2019 strong. These 5 strategies will help you enter the New Year with a sense of momentum and accomplishment, setting yourself up for an awesome 2020. Mentioned on the Show: APhA - use coupon code A19YFP for 20% off your APhA membership! YFP Planning YFP 119: Ask a YFP CFP® YFP Community Send questions for Ask a YFP CFP®, to info@yourfinancialpharmacist.com YFP’s Ultimate Guide to Pay Back Student Loans Refinance Your Student Loans YFP 023: Having a Painless Financial Holiday (No Rx Needed) YFP’s Guide to Having a Painless Financial Holiday...2019-10-0328 minYour Financial PharmacistYFP 119: Ask a YFP CFP®Christina Slavonik, CFP® at Your Financial Pharmacist, joins Tim Ulbrich for a new installment of the YFP podcast, Ask a YFP CFP®. Christina answers financial questions from the Your Financial Pharmacist community covering topics such as student loans, investing and the inverted yield curve. Mentioned on the Show CommonBond Your Financial Pharmacist John Oliver YFP Planning Email YFP: info@yourfinancialpharmacist.com YFP on Facebook YFP on Instagram YFP Facebook Group YFP’s Ultimate Guide to Pay Back Pharmacy School Loans YFP 032: Find Your Why (Part 1): 3 Life Planning Questions w/ Jess & Tim Ulbrich YFP 033: Find Your Why (Part...2019-09-2635 minYour Financial PharmacistYFP 103: Wholesaling Real Estate as a P3 StudentMontrell Taylor, a P3 student at Howard University, joins Tim Ulbrich to talk about his experience in wholesaling real estate. Montrell shares why he chose real estate investing as a side hustle and how he balances being an entrepreneur with pharmacy school. Mentioned on the Show Policygenius Life Insurance YFP Community YFP 009: Interview with Carrie Carlton APhA Annual Meeting Alex Barker, The Happy PharmD Indispensable: The prescription for a fulfilling pharmacy career by Alex Barker Rico Smith YFP Podcast Uber Eats BiggerPockets The Columbus Dispatch: Columbus is nation’s hottest real-estate market Max Maxwell Tony the Cl...2019-06-0643 minYour Financial PharmacistYFP 099: Key Financial Moves for Pharmacy GraduatesTim, Tim and Tim discuss several key financial moves new pharmacy graduates should make. Mentioned on the Show PolicyGenius 20 Financial Moves Every Pharmacist Should Make YFP 026: Baby Stepping Into Your Financial Plan - The 2 Things to Focus on First YFP 045: How to Determine Your Disability Insurance Needs Protect Your Income YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness YFP 078: Is Pursuing the Public Service Loan Forgiveness Program a Waste? The Ultimate Guide to Pay Back Pharmacy School Loans Student Loan Refinance Calculator Student Loan Quiz 7 Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD 14 P...2019-05-0933 minYour Financial PharmacistYFP 098: Lifestyle Creep: The #1 Threat to Growing Your Net WorthTim Baker, Tim Church and Tim Ulbrich talk through avoiding lifestyle creep, a simple but powerful philosophy for achieving wealth. Mentioned on the Show Airbnb 7 Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley and Sarah Stanley Fallaw Ph.D YFP Planning Switch: How to Change Things When Change is Hard by Chip Heath and Dan Heath YFP 057: The Power of Automating Yo...2019-05-0231 minYour Financial PharmacistYFP 093: Highlights from APhA Annual MeetingTim and Tim interview several APhA conference attendees on the floor of the exhibit hall about their personal finance journey and the highlights of this year’s annual meeting. Mentioned on the Show APhA YFP Blog 7 Figure Pharmacist by Tim Church and Tim Ulbrich YFP Podcast YFP Blog: Why Most Pharmacist Should Do a Backdoor Roth IRA YFP 060: One New Practitioner’s Lessons Learned Accruing $224,000 of Debt in 7 Years w/ Brianne Porter Your Resiliency GPS: A Guide for Growing Through Life and Work by Eileen McDargh YNAB. Use coupon code AYFP19 for 20% off your APhA membership! 2019-03-2725 minYour Financial PharmacistYFP 090: Key Tips For Refinancing Your Student Loans in 2019On this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich is joined by Tim Church, resident YFP refinance expert and student loan ninja. In addition to a quick recap of the refinancing process, the benefits of refinancing, how to calculate your savings and what to look for in a refinance offer, Tim and Tim give you an update on a new refinance offer available that may save you big. Mentioned on the Show YFP Student Loan Refinance Partners Costco Gold Star Membership Giveaway YFP 029: Refinancing Your Student Loans Part 1 YFP 030: Refinancing Your Student Loans Part 2...2019-03-0539 minYour Financial PharmacistYFP 082: Debt Free Theme Hour with the Teacher & PupilOn episode 82 of the Your Financial Pharmacist Podcast, Tim Ulbrich, co-founder of YFP, welcomes Joe Baker and Blake Johnson to the show. They talk about Blake’s journey paying off $150,000 in student loans in three and a half years and how the class he took at the University of Arkansas, taught by Joe Baker, helped prepare him to be on his way to achieving financial freedom. Joe Baker's Dirty Dozen Tips on Getting Rich Invest in appreciable items, such as education and house. Minimize depreciable items, such as car, clothes, etc. Student loan money should be spent on ba...2019-01-1035 minYour Financial PharmacistYFP 081: New Year Financial Game PlanOn episode 81 of the Your Financial Pharmacist Podcast, Tim Ulbrich, YFP co-Founder, and Tim Baker, YFP team member and CFP, kick off 2019 by talking about a New Year financial game plan. Tim and Tim discuss 5 financial moves you should be making to ensure you get this year started off the right way. Mentioned on the Show Script Financial You Need A Budget (YNAB.) - Giveaway YNAB. YFP 080: 10 Financial Moves to Make Before the New Year BiggerPockets YFP 032: Find Your Why (Part 1) - 3 Life Planning Questions w/ Tim & Jess Ulbrich YFP 033: Find Your Why (Part 2) - The P...2019-01-0247 minYour Financial PharmacistYFP 079: Is It Time to Redefine Retirement?On episode 079, Tim Ulbrich, co-founder of Your Financial Pharmacist, interviews Dr. Nick Ornella, a 2009 graduate of Ohio Northern University, about his journey paying off his student loans in 10 months and shortly after taking one year off to travel the world. Tim and Nick talk about redefining the concept of retirement and why the concept of mini-retirements are gaining traction. They finish the show up by getting practical with 7 steps you can take to plan for a year off. Mentioned on the Show Script Financial Young Professional’s Guide to a Year Off The 4-Hour Work Week: Esc...2018-12-2049 minYour Financial PharmacistYFP 076: Investing Rapid Fire Q&AOn episode 76 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of Your Financial Pharmacist, and Tim Baker, YFP Team Member and owner of Script Financial, wrap up a month-long series focused on investing by fielding questions posed by, YOU, the YFP Community. Mentioned on the Show Policygenius YFP Facebook Group YFP Episode 075: DIY, Robo or Hire A Planner? YFP Episode 074: Evaluating Your 401(k) Plan YFP Episode 073: How to Determine the Priority of Investing YFP Episode 072: Investing Mind Tricks: How Behavioral Bias Affects Our Decisions YFP Email YFP Episode 026: Baby Stepping Your Financial Plan - The 2...2018-11-3042 minYour Financial PharmacistYFP 075: DIY, Robo or Hire a Planner?On episode 75 of the Your Financial Pharmacist podcast, Tim Ulbrich, founder of YFP, and Tim Baker, YFP team member and owner of Script Financial, continue YFP’s month-long series on investing by talking about the pros and cons of a DIY approach to investing compared to utilizing a robo advisor or hiring a financial planner. Mentioned on the Show Script Financial YFP Episode 015: Financial Planning Series Interview with Tim Baker (Part 1) YFP Episode 016: Financial Planning Series Benefits of a Financial Planner (Part 2) YFP Episode 017: Financial Planning Series Questions to Ask - Hiring a Planner (Part 3) YFP Ep...2018-11-2050 minYour Financial PharmacistYFP 071: Ask Tim & TimOn Episode 71 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of YFP, and Tim Baker, YFP Team Member and Founder of Script Financial, tackle 10 listener questions that were posed in the YFP Facebook Group covering a wide array of topics like investing, student loans, taxes, and more. Mentioned on the Show CommonBond YFP Facebook Group Have a question about investing? Ask us! YFP Episode 70: Pre-Planning for Tax Season with Paul Eikenburg Nate Hedrick, Real Estate RPH YFP Episode 69: Carissa Explains It All: How One Pharmacist is Accelerating Her Financial Goals Through Rodan & Fields YFP Episode 63: I...2018-10-2543 minYour Financial PharmacistYFP 063: Intro to the Side Hustle SeriesOn Episode 063 of the Your Financial Pharmacist Podcast, Tim Church, YFP Team Member, introduces a new segment called the Side Hustle Series to talk about ways pharmacists can create additional streams of income to reach financial goals faster and to highlight pharmacists who are doing this to help you get inspired. In previous episodes, topics about how to budget, limit and cut expenses, and being frugal have been talked about, but what hasn’t been discussed as much is increasing or maximizing income. As you may know, there is incredible buzz and interest around the topic of a side hu...2018-08-3020 minYour Financial PharmacistYFP 061: Rapid Fire Insurance Q&A w/ Tim, Tim & TimOn Episode 061 of the Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of YFP, is joined by YFP team members Tim Church & Tim Baker to field insurance questions posed by the YFP community via the YFP Facebook Group in a rapid fire format. Whether it’s life, disability or liability insurance, having the right amount, not too much and not too little of insurance protection is essential to your financial plan. Mentioned on the Show Policy Genius YFP Episode 056: Rapid Fire Student Loan Q&A with Tim, Tim & Tim YFP Episode 044: How to Determine Your Life Insurance Ne...2018-08-1633 minYour Financial PharmacistYFP 060: One New Practitioner’s Lessons Learned Accruing $224,000 of Debt in 7 YearsOn Episode 60 of Your Financial Pharmacist Podcast, Tim Ulbrich, Founder of Your Financial Pharmacist, interviews Brianne Porter, a new practitioner and faculty member at The Ohio State University College of Pharmacy, all about her journey of going into more than $220,000 of student loan debt, the plan she has put together to pay off this debt and the lessons she has learned along the way. About Today’s Guest Brianne Porter, PharmD, MS is Assistant Professor of Pharmacy Practice at The Ohio State University College of Pharmacy. She is primarily responsible for co-coordinating and teaching in In...2018-08-0932 minYour Financial PharmacistYFP 058: How Good is the ROI of the Pharmacy Degree?On Episode 58 of the Your Financial Pharmacist Podcast, YFP Founder Tim Ulbrich interviews pharmacy thought leader Deeb Eid, host of the Pharmacy Universe podcast, about how rising student debt loads and a tightening job market are impacting the return on investment of the pharmacy degree. Deeb Eid, PharmD started his pharmacy journey as a pharmacy technician learning the building blocks of what both efficient and non-efficient workflow operations could look like. He gained a deep appreciation for the role and potential of the pharmacy technician and continued forward with Bachelors and Doctor of Pharmacy degrees from The...2018-07-2637 minYour Financial PharmacistYFP 054: Why Fee-Only Financial Planning MattersOn Episode 054 of the Your Financial Pharmacist Podcast, Tim Ulbrich, PharmD interviews YFP team member, owner of Script Financial and fee-only Certified Financial Planner, Tim Baker about why he left his old financial planning firm in 2016 to start Script Financial. Script Financial is a financial planning firm dedicated to helping pharmacists meet their financial goals. Tim & Tim talk through why fee-only financial planning matters and why a revolution of fee-only planning is happening today. Head on over to http://yourfinancialpharmacist.com/financial-planner to get information on what to look for in a financial planner, to download the free guide ‘Nu...2018-06-2844 minYour Financial PharmacistYFP 053: One Pharmacist's Journey from Financial Ignorance to Financial IndependenceOn Episode 053 of the Your Financial Pharmacist Podcast, YFP team member Tim Ulbrich interviews Dr. Tony Guerra, an author, podcaster, entrepreneur, real-estate investor, educator and father to triplet girls that has an incredible story to share going from financial ignorance to financial independence. Tony talks about his financial journey, his various business ventures, and how and when his mindset shifted that allowed him to be on the path to financial independence. About Our Guest Tony Guerra graduated with a Doctorate of Pharmacy from the University of Maryland in 1997 and has followed a non-traditional career path...2018-06-2046 minYour Financial PharmacistYFP 033: Find Your Why (Part 2) - The Path to SuccessIn Part 2 of a series on Finding Your Why, Tim Baker, CFP, interviews YFP Founder Tim Ulbrich and his wife, Jess Ulbrich, by asking them a series of questions designed to help them envision what financial success looks like for them in 2, 5, 10 and 30 years into the future. In this two-part series, Tim & Jess Ulbrich invite the listeners into their Find Your Why client meeting with Tim Baker, CFP.2018-02-0235 minYour Financial PharmacistYFP 032: Find Your Why (Part 1) - 3 Life Planning Questions with Tim & Jess UlbrichIn Part 1 of this two-part series on Finding Your Why, Tim Baker, CFP, interviews YFP Founder Tim Ulbrich and his wife, Jess Ulbrich, by asking them three life planning questions that challenge them to uncover their beliefs about money, their long-term financial goals and ultimately, why they want to achieve financial freedom. In this two-part series, Tim & Jess Ulbrich invite the listeners into their Find Your Why client meeting with Tim Baker, CFP. Featured on the Show Don’t Waste Your Life by John Piper Radical by David Platt 3 Questions That Can Provide a Sp...2018-02-0237 minYour Financial PharmacistYFP 028: New Year, New BudgetOn Episode 28 of the Your Financial Pharmacist Podcast, we discuss the dreaded, yet all important, “B word”....budgeting. With a New Year comes the opportunity to get a fresh start on setting a budget that will help you achieve your financial goals. In this episode, we cover why having a budget is key to your long-term financial success, why so many people fail with keeping a budget, various budgeting strategies, and tools that can help you execute your monthly budget. Episodes 28 Giveaway Along with this episode, we are providing a YFP step-by-step spending plan...2018-01-0448 minYour Financial PharmacistYFP 027: Tim, Tim & Tim Recap the Best of 2017 & What's Ahead for 2018On this episode of the Your Financial Pharmacist Podcast, we recap the best of the best from 2017 and discuss what the YFP team has planned for 2018. YFP End of Year Giveaway The team at YFP is excited to be launching an end of the year giveaway. We are giving away 3 prize backs valued at over $500 each. You can enter the contest by clicking on the image below or by going to www.yourfinancialpharmacist.com/2017-giveaway. Entries will be accepted through 12/31/17 and three winners will be selected on/around 1/1/18. Featured on...2017-12-2938 minYour Financial PharmacistYFP 021: 6 Reasons Pharmacy Graduates Will Struggle to Build Wealth (And What You Can Do About It) - Part 2On Episode 21 of the Your Financial Pharmacist Podcast, we wrap up our two-part series talking about six reasons pharmacy graduates will struggle to build wealth and what they can do to combat these factors working against them. Episodes 20-21 Special Giveaway Along with this series, we are providing a YFP step-by-step spending plan (budget) template that will put you on the path to putting purpose to your spending each month. As this series highlights the factors working against us to build wealth, the reality is that we need to be more intentional about our monthly spending in order to achieve ou...2017-11-1742 minYour Financial PharmacistYFP 015: West Point to CFP: Tim Baker’s Journey to Becoming a Fee-Only Financial Planner for PharmacistsOn Episode 015 of the Your Financial Pharmacist Podcast, we kick off a 3-part series exploring the good, bad and ugly of the financial planning industry by interviewing the owner of Script Financial and YFP team member, Tim Baker, CERTIFIED FINANCIAL PLANNER. Episode 015 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the “Nuts & Bolts to Hiring a Financial Planner”. Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this giveaway, we cover: the benefits of hiring a financial planner; the different types of financial plann...2017-10-0632 minYour Financial PharmacistYFP 008: Developing a Millionaire Mindset (Interview with Tim Church, PharmD, BCACP, CDE)Episode 008 Podcast Show Notes What You’ll Learn From This Episode In Episode 008, we interview Tim Church, PharmD, BCACP, CDE to discuss: the lessons he learned going into over $200,000 of debt; his work behind co-authoring the book Seven Figure Pharmacist, How to Maximize Your Income, Eliminate Debt and Create Wealth; how pharmacists and pharmacy students can build a millionaire mindset. Featured on the Show Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth by Tim Church, PharmD, BCACP, CDE and Tim Ulbrich, PharmD Total Money Makeover by Dave Rams...2017-08-1626 minYour Financial PharmacistYFP 003: Why Every Pharmacist Should be a Millionaire (Part 2)Episode 003 Podcast Notes What You’ll Learn From This Episode Continuing the conversation why every pharmacist should be a millionaire Tim Baker, CFP interviews Tim Ulbrich, PharmD to help determine his nest egg Tim Baker, CFP helps Tim Ulbrich, PharmD discover his monthly number to achieve his nest egg Featured on the Show American Pharmacists Association (APhA) Annual Conference Seven Figure Pharmacist by Tim Ulbrich & Tim Church Additional income opportunities: Rover.com 2017-06-3027 minYour Financial PharmacistYFP 001: The Genesis of the Your Financial Pharmacist PodcastEpisode 001 Podcast Show Notes What You’ll Learn From This Episode Tim Baker, CFP discusses his path to the launch of Script Financial and helping pharmacists achieve their financial goals. Tim Ulbrich, PharmD talks about his experience of being broke and working to become debt free. We discuss why is this is a pertinent topic. We chat about the format of the YFP podcast. Featured on the Show Screenshot of Tim Ulbrich’s last debt payment 2017-06-2824 min