YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, talks about social security retirement benefits, how they are funded, how to determine eligibility and considerations for receiving benefits. Key Points From This Episode An introduction to today's topic and a reminder that we can help you with your tax. Addressing why people aren't having enough conversations about social security retirement benefits.  Hear some intense statistics about retirement and working longer that will blow your mind. Talking about the history of social security and the difference between that and a 401(k). Being protected against inflation by being inflation-adjusted.  Tim talks us through some annuities and numbers in a basic scenario. Discussing our huge year next year from an inflation perspective.  How retirement is not just a money decision, it's an emotional decision. Tim digs a little into the different ways scarcity fear can arise during retirement. Looking at your pay stub: explaining credit and payroll taxes. The outcomes of the three ages of retirement: early, full, and delayed.  Touching on some of the nuances around health and spousal benefits.  Links Mentioned in Today’s Episode File Your Taxes with YFP Tax The Social Security Act The Biggest Mistakes People Make With Social Security My Social Security Account YFP Planning: Financial Planning for Pharmacists 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 Dalton in West Des Moines, Iowa: Does my side hustle income get treated any differently than my W-2 income? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists YFP 048: Mo Money Mo Problems: Making the Financial Transition to New Practitioner Life Partnership Charter by David Gage Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble by Bernard B. Kamoroff C.P.A. 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.

Jenny and Myke White share their experience of purchasing a new home and transitioning their former primary residence to a rental property.  Key Points From This Episode Myke and Jenny update us on what they've been up to with their new primary residence. Talking about their decision to keep their old house as a rental and why it was a good fit. Walking us through the numbers of payments, cash-flow, and rent expectations. Having seller's regret for their house in Washington. They walk us through using a VA loan to get the most bang for their buck. Being patient in the hot and competitive market for the right opportunity to come up. How they landed their new primary residence with it's mother-in-law suite. Clarifying the floor plan layout of the in-law suite and how it differs from a duplex. Discussing Airbnbing the suite and what permits are needed in their area. They share their plans and multiple exit strategies. Some top advice for anyone wanting to do a short-term rental as part of the primary. Decisions on cleaning and tenant/guest management if the Airbnb route pans out. Making sure the big picture works first and then figuring out the details. Some of the things they've learned and how it's changed their criteria for future houses. Links Mentioned in Today’s Episode YFP Real Estate Investing 05: None to One: How to Get Your FIRST Investment Property YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

David Bright and Nate Hedrick talk through five common objections to getting started in real estate investing. Key Points From This Episode An introduction to today’s guests, hosts of the YFP Real Estate Investing Podcast, David Bright and Nate Hedrick. Addressing Objection number 1: I don’t have enough time!  Why hiring a property manager saves you money and saves you time. The second common objection: not knowing where to get started.  What David’s strategy has been at the forefront of his plan. Responding to the objection that managing just one property is already overwhelming. Answering the objection that the market is volatile. How there is no way to time the market and the best call is to make sure the numbers work no matter what.  David’s response to the objection that folks don’t know how to build a real estate team. How connecting with a real estate agent can be the first step to putting together the team you need. Why they launched the YFP Real Estate Concierge: to help you find investor-friendly agents. Nate’s biggest takeaway from hosting the podcast: the interesting ways that pharmacists are investing. What David has learned through hosting the podcast: getting out of his own head and into the community with others is critical. What listeners can expect from the YFP Real Estate Investing Podcast going forward including the None to One Group Coaching program. Links Mentioned in Today’s Episode Listen to the YFP Real Estate Investing Podcast YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 167: Must Know Real Estate Terminology  None to One Group Coaching Program BiggerPockets Podcasts Roofstock: 20 surprising rental property owner statistics [2022 Edition] Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing YFP Real Estate Concierge Service Find an Investor-Friendly Agent Download The Pharmacist’s Guide to Real Estate Investing 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 Jonathan in Southern California: Should I sell assets from my brokerage accounts to fund real estate investment properties? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists YFP Real Estate Investing Podcast YFP Real Estate Investing Download The Pharmacist's Guide to Real Estate Investing Find an Investor-Friendly Agent 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.

Tanh Truong discusses the differences and similarities between the residential and commercial real estate spaces and why he purchased a five million dollar strip mall. Key Points From This Episode An introduction to today’s guest, Tanh Truong, and his five million dollar investment. The building’s location, size, tenants, and price. How he discovered the deal on a poorly marketed website. The two anchor tenants: Dollar Tree and Loman’s Furniture. What led him to consider investing in commercial property over residential homes. How cap rates are used to measure how well a property is doing. Why a higher cap rate usually means that a property is operating well. Which cap rate you should look for and what you should base this on. The total expenses involved in the five million dollar deal and what this translates to. How bringing tenants into a space and getting the rents up increases the value of the property. How the deal flow differs between single and multi-family property and commercial property. How Tanh had to leverage his partners in order to qualify for the loan he needed. Why traffic count is important for your plaza to actually succeed. Navigating the due diligence phase in commercial investments. Why he sees his role as a landlord as helping his tenants to succeed. How Tanh feels about the future of cap rates. The typical division of ownership among partners. Why Tanh is choosing to focus his energy on the commercial realm. Links Mentioned in Today’s Episode YFP Real Estate Investing 04: How (and WHY) One Pharmacist Got Started in Real Estate Investing YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Dr. DeLon Canterbury recounts how early setbacks motivated him to start a business in the middle of a pandemic and how his personal ‘why’ shaped the work he is doing to help solve the problem of mismanaged medications in the senior population. Key Points From This Episode How DeLon's love of medicine was inspired by his mother's expertise in herbology. What moved him to get his Board Certified Geriatric Pharmacy degree. The recognizable dark road that almost led him out of the profession.  How the experience of not getting into residency turned out to be a blessing in disguise.  How DeLon's involvement with community helped him learn to lead by service.  The pivot point that reinvigorated his passion for pharmacy.  The power of patient advocacy and teaching patients to advocate for themselves.  About his work with a local nonprofit for older patients and what services they provide. Hear about the care GeriatRx provides, from advocacy to deprescribing methods. DeLon's moving story of his 'Why' and becoming the voice for caregivers and patients. Some of the groups he works with and their incredible service to underserved people.  A story of being an expert medical witness and the ugly part of families and elderly care.  Getting into the finances; how he got the capital to create this business.  Learning to articulate his value when he was starting out.  DeLon shares some great entrepreneurship advice for his fellow pharmacists out there. Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning GeriatRx: Senior Care Consulting Senior PharmAssist Alzheimer’s Association Parkinson’s Association of the Carolinas Dementia Alliance of North Carolina: Support Groups Connect with GeriatRx on Facebook Connect with DeLon Canterbury on LinkedIn Follow DeLon Canterbury on Twitter: @GeriatRx Follow DeLon Canterbury on Instagram: @geriatrx Email DeLon Canterbury: [email protected] 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 Nicole in Cincinnati, Ohio: Are computer-managed investments better than an individual managing your account? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists YFP 075: DIY, Robo or Hire a Planner? Create a Comprehensive Estate Plan with Thoughtful Wills 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.

Nate Hedrick and David Bright discuss how to determine your repair and capital expense budget for your properties and how these two budget lines can make or break your investment. Key Points From This Episode A reminder to keep repairs and capital expenditures separate when budgeting. Defining the two categories and some example issues of each. Some different theories and approaches, and the advantages/disadvantages of each. Three quick tips to keep in mind when trying to estimate repairs. Some examples of what we've done to minimize things that could go wrong. How to take into account the age of the property and fixtures. Ways to use your sinking fund, plus a reminder to be flexible to include inflation. Four market-dependent CapEx points to be intentional about when finding houses.  The importance of talking to a local expert when evaluating rent prices. Some great resources for you, from articles to podcast episodes to a free guide. Links Mentioned in Today’s Episode YFP Real Estate Investing 06: Picking (and Switching) Property Managers YFP Real Estate Investing 14: Protecting Your Investments YFP Real Estate Investing 35: Making Connections Through Local Real Estate Meetups Register for a Your Financial Pharmacist Webinar How to Estimate Future CapEx Expenses on a Rental Property by Brandon Turner YFP Real Estate Investing Find an Investor-Friendly Agent YFP Real Estate Investing 18: Tax Strategies for Real Estate Investing Download The Pharmacist’s Guide to Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Tim Baker talks through two I’s that you might be overlooking as it relates to your financial plan: inflation and I-Bonds. Key Points From This Episode Kicking off with inflation; what the term actually means and why it's the current hot topic. Breaking down the inflation statistics and how it's affecting your buying power over time.  Encouraging the listener to start by listening to Ask a YFP CFP® episode 93 Introducing I-Bonds, not to be confused with E-Bonds. Who the I-Bond is suitable for, and the big potential drawback: the holding period. Some of the interesting and quirky rules of I-Bonds. Why methods to protect you against inflation are important. How folks often underestimate their nest egg needs because of not considering inflation. Talking about inflation in the context of an emergency fund. Tim offers some different ways you can slice the apple, depending on the scenario. Links Mentioned in Today’s Episode Join the YFP Tax Waitlist Investopedia: What is inflation? Your Financial Pharmacist Webinars Ask a YFP CFP® #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds? TreasuryDirect Series I Savings Bonds: End-Of-Year Strategies To Take Advantage Of The Current High Interest Rate YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning 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 Andrew in Cincinnati, Ohio: Should I use a 15-year or 30-year mortgage when buying or refinancing a home? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Homebuying Resources 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.

Josh Ebbing talks us through his last few years in real estate and what he's done to both find and fund the deals that have allowed him to scale so quickly. Key Points From This Episode Introducing Josh Ebbing, a fellow real estate investor who is doing incredible things.  How he jumped right into real estate and how his portfolio has shifted since then.  Overcoming deal paralysis and accepting that it's always going to be a leap of faith. The two common factors that galvanized him to get his real estate license. How the pharmacy traits of ethical prowess – and record-keeping – have helped him.  Falling in love with the passive income and tangible results of real estate.  Josh's advice for anyone starting out. Hear about the moment he ditched the do-it-yourself, sweaty equity approach.  Finding the work-life balance, and how Josh works with his goals. We dig into cash flow in single families versus multifamily units. Hear a story of a great multifamily purchase he made from the for-sale sign on the lawn. Finding and funding the deals that have led to his exponential growth and success. Josh's overarching goal for 2022 and some sage advice around planning. Links Mentioned in Today’s Episode YFP Concierge Service BiggerPockets Reddit: Real Estate Investing TikTok Ohio Housing Finance Agency Follow Josh Ebbing on Instagram: @realtorjoshebbing Red Oak Realty YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Mike Koelzer, CEO of Kay Pharmacy and host of The Business Pharmacy Podcast, discusses the mindset, habits, and behaviors of successful pharmacy influencers and entrepreneurs. Key Points From This Episode How the family business started. Hear about the creation of The Business of Pharmacy podcast. Mike's approach to maximizing his time each day, and how to use lists more efficiently. What common threads Mike's guests have, striving to achieve something great.  How focus and goal-setting are like sailing. The amazing ways we are now able to receive feedback faster and pivot quicker. Mike shares some actionable advice about how to get started with any new idea.  The general outlook most guests have on the pharmacy profession. Talking about luck versus hard work. A common thing that takes people out of just being satisfied with the status quo.  Mike's strong advice for those who have dreams but are struggling financially. Links Mentioned in Today’s Episode Kay Pharmacy & Home Medical Equipment The Business of Pharmacy Podcast YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning The Business of Pharmacy Podcast: Is Pharmacy School Worth It? Procrastinate on Purpose: 5 Permissions to Multiply Your Time by Rory Vaden Getting Things Done: The Art of Stress-Free Productivity by David Allen How I Built This with Guy Raz 17 Questions That Changed My Life by Tim Ferriss The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss Start.: Punch Fear in the Face, Escape Average, and Do Work That Matters by Jon Acuff Tribe Of Mentors: Short Life Advice from the Best in the World by Tim Ferriss 12 Rules for Life: An Antidote to Chaos by Jordan B. Peterson Beyond Order: 12 More Rules for Life by Jordan B. Peterson Connect with Mike Koelzer on LinkedIn 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 Jacob in Lancaster, Ohio: Should I max out my contributions to my 401(k) or 403(b) before contributing to other retirement accounts? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Department of Labor EFAST Form 5500 Search YFP 073: How to Determine the Priority of Investing YFP 208:Why Minimizing Fees on Your Investments is so Important Schedule a free Discovery Call with YFP Planning 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.

Jared Wonders returns to the show to share how he manages tenant turnover as a real estate investor and busy full-time pharmacist.  Key Points From This Episode Jared explains how a new multi-family property meant multiple new tenants and tackling the turnover all at once. Some details about these two types of properties, and communicating with the tenants.  Doing an Estoppel Certificate, and knowing your market rents when inheriting tenants.  What action steps Jared took when two of the three tenants gave their 30-day notices.  Talking about turnover; septic, new windows, appliances, and supply chain issues.  Jared chats about the repair standpoint specifically and having a flexible timetable. How previous experience will give you the confidence to tackle the next property.  Some creative options to solve supply chain problems.  What is LVP, how to get great pictures, and why he did only one property at a time. How and when Jared listed the properties for rent again. Hear about the time frame before the first showing and what factors affected this. Scheduling viewings outside professional hours, and why he likes individual showings. The importance of following the Fair Housing guidelines, and having clear criteria.  Jared talks about his tenant application process and verifying their income. Taking care of deferred maintenance by dealing with it during tenant turnover. Jared's final words of advice on screening and how to treat the tenant like your client.  Links Mentioned in Today’s Episode Learn More About the None to One Group Coaching Program Email the YFP Real Estate Investing Podcast: [email protected] Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing 38: New Years Goals for Real Estate Investing Your Financial Pharmacist Webinars YFP Real Estate Investing 02: Long Term vs. Short Term Rental Property Investing - One Pharmacist’s Perspective YFP Real Estate Investing 28: Property Management Fundamentals: Criteria and Pets Apartments.com BiggerPockets: Leases YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures

Tim 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 top book and podcast recommendations.  A reminder of the YFP services and community available to support your financial journey Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP Real Estate Investing Podcast Email Tim Ulbrich with Your 2022 Goals and Why:  [email protected] YFP 233: Tax Moves to Consider Before 2022 Join the YFP Tax Waitlist Financial Peace University YFP 222: Why Estate Planning is Such an Important Part of the Financial Plan Create a Comprehensive Estate Plan with Thoughtful Wills YFP 236: Gen X Pharmacists: Financial Challenges and Money Strategies Learn More About Our 1:1 Student Loan Analysis with a CFP® - Use coupon code YFP for 10% off BiggerPockets Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy The Truth About Money by Ric Edelman Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich by David Bach The Behavioral Investor by Daniel Crosby Happy Money: The Science of Happier Spending by Elizabeth Dunn and Dr. Michael Norton Join the Your Financial Pharmacist Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Tim 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 too! Steps to overcome the dilemma of saving versus paying towards your goals.  Tim Baker shares some ways to tackle the fear around concepts of debt.  Hear about some observations of the benefits of having a community or a coach. Tim Ulbrich gives a healthy reminder about avoiding comparisons.  What one-on-one coaching really does for you, and why YFP planning is different. The one thing to start with if you're a pharmacist who has decided to take the plunge.  Including things in your budget that are just for you, like quality time with your spouse. Tim Ulbrich recommends a book that created a pivotal moment in his journey. How you can just cannonball into the water sometimes and figure it out as you go.  An exciting announcement: how you can apply for our first group coaching class! Who would be a good fit for this course, and what we're planning for the future. Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists The 4-hour Work Week by Timothy Ferriss YFP Real Estate Investing Podcast Ally Online Savings Account Your Financial Pharmacist Webinars Learn More About the None to One Group Coaching Program Start.:Punch Fear in the Face, Escape Average, and Do Work That Matters by Jon Acuff YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Tim Baker talks through the unique financial needs and considerations of Generation X. Key Points From This Episode An introduction to today’s topic of Gen X; the sandwich generation. How Gen Xers are often providing for their parents, plus a young child or a child over 18. How these financial expectations are often overlooked or pushed to the side.  We talk about average incomes, the rising cost of education, and what their debt load is.  The impact of the ups and downs in the last few years on their financial mindsets.   How Gen X wants stability but might not have the financial plan or means to get it.  You can take out education loans for your kids, you can’t get retirement loans. Hear how Tim Baker follows the one-third plan and a reminder of what that is. Relying on the act of planning, versus having a plan.  Some important questions Gen Xers can ask themselves to get financially stable.  Making sure you’re not on autopilot, particularly in your peak earning years. Tackling the fear and inertia of having left it so late in life to start saving and planning. Having empathy for Gen X needing different priorities from the previous generation.  That Gen X really wasn’t dealt a great hand economically, but the problems are fixable.  Reigniting the vision and finding the motivation to do things differently.  Speaking about the lack of confidence in social security for future retirement.  Tim shares a great exercise you can do to check your retirement age and benefits! We discuss the shifting dynamics of generations and the transfer of wealth. Some parting words of encouragement from us here at the YFP team! Links Mentioned in Today’s Episode Create a Comprehensive Estate Plan with Thoughtful Wills The Your Financial Pharmacist Podcast YFP Planning: Financial Planning for Pharmacists Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston YFP 108: How to Effectively Talk with Mom & Dad About Their Finances YFP 195: How to Save for Your Child's Education 5 Interesting Facts About Generation X: Financial burdens, obligations make saving challenging by Lynnette Khalfani-Cox Meet the typical Gen Xer, America's 'forgotten middle child' who earns more than everyone else but has the most debt at $136,000 by Hillary Hoffower and Andy Kiersz For Gen X, retirement both beckons and threatens during the pandemic by Mark Dolliver Focus on Generation X, Analysis of Gen X participants reveals important considerations for plan sponsors and advisors Social Security Benefits Calculators Your Financial Pharmacist Disclaimer and Disclosures

Nate Hedrick and David Bright spread some holiday cheer, sharing their book recommendations for your real estate investing journey. Links Mentioned in Today’s Episode Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing 01: Intersection Between Financial Planning and Real Estate Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki The 4-hour Work Week by Timothy Ferriss The Alchemist by Paulo Coelho The Millionaire Real Estate Investor by Gary Keller The Book on Rental Property Investing by Brandon Turner Hold: How to Find, Buy, and Rent Houses for Wealth by Steve Chader, Jennice Doty, Jim McKissack, Linda McKissack, Jay Papasan, and Gary Keller BiggerPockets Buy, Rehab, Rent, Refinance, Repeat by David Greene The Miracle Morning: The 6 Habits That Will Transform Your Life Before 8AM by Hal Elrod Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek Cashflow Quadrant by Robert T. Kiyosaki Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss YFP Real Estate Investing 18: Tax Strategies for Real Estate Investing The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS! by Amanda Han and Matthew MacFarland YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures

Josh and Shannon Pukl discuss their journey towards achieving financial independence and the strategies they have employed along the way. Key Points From This Episode Shannon and Josh start us off by sharing why each of them got into pharmacy. Shannon runs us through her post-school debt and shares gratitude that it wasn’t higher. Josh expresses relief for the financial support provided by his parent’s foresight.  Where they worked after graduation; and a smart move that worked out well! How Josh found out about financial freedom by accident and how he got to his ‘why’. Shannon shares her history with cancer and the hugely expensive treatment costs.  How the financial strain created a motivation towards achieving financial independence. Josh explains how his faith played a big part in keeping a positive mindset.  Learning the valuable lesson that money isn’t the most important thing; time and joy are.  Paying off her student loans as quickly as possible from the moment they came due.  Top tips and lifestyle changes that the Pukl’s advise for financial independence! Setting up their passive income and the importance of having different income streams. Shannon talks us through their work with universities around healthcare leadership. Your Breast Life; Shannon’s blog to help and support women going through a similar journey. Getting her real estate license and considering potential investment opportunities.  Hear about the ways that Shannon and Josh balance each other out in everyday life.  Living in a bull market and evaluating where you want to be when the downturn hits. Josh casts a vision for their future in growing leadership in pharmacy. The Pukl’s each share some parting advice you definitely want to hear! Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Mr. Money Mustache The Shockingly Simple Math Behind Early Retirement Livestrong Fertility The Your Financial Pharmacist Podcast Healthcare Leadership Certificate Program at Duquesne University Your Breast Life The FIRE Prescription: How to Retire Early as a Pharmacist FIRE Rx: The Pharmacist’s Guide to Financial Independence by Jeff Keimer, PharmD YFP 227: Why Tim Baker, CFP® Bought a Depreciating Asset Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) Fidelity Index Funds Your Financial Pharmacist Disclaimer and Disclosure

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 a member of the YFP community: Should I defer my student loans during residency? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Learn More About Our 1:1 Student Loan Analysis with a CFP® and use code YFP for 10% off 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.

Eric Geyer of Political Pharmacist details his last decade in real estate and shares how to scale your business from house hacking to making passive income. Key Points From This Episode Get to know our guest, Eric, and his pharmacy story. Hear about his first buy in 2010 and how the ball started rolling from there. Eric shares some of the challenges of their second buy; a 10-unit apartment building.  Using pharmacy skills to do the math, and the difficulty of getting a commercial loan.  He shares a problematic thing he quickly discovered when buying commercial property.   Outlining the financial details of their loan and how they made it work. How and why the banks view the property as a business. One thing Eric recommends doing that provides legal protection. The different skill sets of Eric and his partner, and the importance of having your team to back you up. Some technology organizational tools that they used.  When you should hire a property manager, and when you can do it on your own! How they sold the second property, and the process of upgrading to a bigger building.  What a triple net lease is, and the balance of profitability versus time and effort.  The third property purchase, and a bit more about amortization and early penalties.  What Eric's next goal is.  Eric shares a tangible strategy for making sure your investing works with your pharmacy career. Eric's top resources and some great advice that helped him on his successful journey.  Links Mentioned in Today’s Episode Apartments.com LoopNet BiggerPockets Political Pharmacist Follow Eric Geyer on Twitter: @political_rx YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

YFP Planning Lead Planner, Kelly Reddy-Heffner, discusses commonly asked questions regarding refinancing student loans. Key Points from this Episode An introduction to Kelly Reddy-Heffner, and recapping her previous YFP episode.  How it's a complicated decision to choose the right repayment plan for you.  The two distinct categories of who refinancing is not a good fit for. A reminder that refinancing is a one-way street from federal to private.  Do checking rates impact my credit score? Be aware of the language used! Unpacking the option of refinancing more than once. Reading the fine print on what happens to the loan in the event of death or disability. Picking a time horizon and monthly payment amount that's doable. Fixed-rate or variable? Kelly recommends what to do in the current climate. We break down the difference between consolidation and refinancing.  Pursuing income-based repayment options, and some challenges with private loans. Hear about a partial refi of a federal loan. We reflect on some of the past rates etched in Tim's mind from his repayment journey. Thoughts on the upcoming end of administrative forbearance and unlikely extensions. Kelly shares some parting advice for December that we all need to hear! Links Mentioned in Today’s Episode Student Loan Refinancing YFP Planning: Financial Planning for Pharmacists YFP 220: Student Loan Forbearance Extension - Now What? Student Loan Refinance Calculator Student Loan Refinancing Offers and Refinance Spreadsheet Learn More About Our 1:1 Student Loan Analysis with a CFP® - use code YFP for 10% off 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 Andrew in Iowa: Can I contribute additional funds to a 457 retirement account? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Robinhood 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, Robo or Hire a Planner? YFP 076: Investing Rapid Fire Q&A A Crash Course in 401k Planning Part 1 A Crash Course in 401k Planning Part 2: An Intro to Stocks, Bonds, and Funds 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.

Young Park is back for his second appearance on the YFP Real Estate Investing Podcast to share encouraging stories about his achievable wins and how to make connections through local real estate meet-ups. Key Points from this Episode Young updates us on his three new purchases since his last appearance on the show.  Living proof that you don't have to only go off-market to find deals right now.  Young explains the ins and outs of a delayed cash-out refinance. Using a general contractor when you invest in a different location from where you live. He reflects on his experiences of needing to trial a new contractor. Young explains his negotiating technique and shares the numbers on a recent purchase. How the BRRR game shouldn't be viewed through the lens of failure versus perfection.  How Young always makes the deals as if he's taking them down himself. Bringing down the fear at the offer stage, and walking away when it's not the right fit.  Some crucial questions you need to be asking and working into the contract. Young outlines the three big things for due diligence; legal, physical, and financial. A golden tip on transparency when it comes to working with and learning from tenants. Some great advice for nervous first-timers preparing to join the networking scene. Hear how a meetup connection of Young's resulted in a win/win situation. How comparison is the thief of joy; don't compare yourself to veterans of real estate.  The best ways to find a meet-up near you. Young's parting wisdom; “Growth only comes from being uncomfortable.” Links Mentioned in Today’s Episode YFP Real Estate Investing 15: Long-Distance Rental Property Investing MLS Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss Connect with Young Park on Instagram: @young_j_park BiggerPockets Real Estate Events and Happenings Meetup National Real Estate Investors Association YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Paul Eikenberg, YFP CFO and Director of YFP Tax, discusses how pharmacists can optimize their tax strategy. Key Points from this Episode Paul and Tim catch us up with some exciting happenings in the YFP tax team.  Understanding the important difference between tax preparation and tax planning.  Differentiating your marginal tax rate and effective tax rate as a decision-making tool. Paul explains the implications of AGI and how to arrive at that number. Touching on the complicated system of student loans and pursuing loan forgiveness. Some common tax blunders that you should look out for! Key credits and deductions that you might not be taking advantage of. What is going to be available moving forward with child-care and dependent care. Explaining donor-advised funds and a potential strategy around bunching. Two exciting tax services: reporting only and year-round planning and reporting Links Mentioned in Today’s Episode Join the YFP Tax Waitlist Join APhA - Get 25% Off Your Membership with Code: YFP YFP 165: The Power of a Health Savings Account Why I’m Not Using My Health Savings Account to Pay for Medical Expenses YFP Planning: Financial Planning for Pharmacists Ask a YFP CFP #85: How can I maximize the tax benefits of donor advised funds? YFP 211: The Ins and Outs of the 529 College Savings Plan 7 Things to Consider Before Starting a 529 Plan Your Financial Pharmacist Disclaimer and Disclosures End of Year Tax Checklist Project your income, taxes, and withholding Maximize your HSA contribution Know your FSA carryover limits and spend accordingly Consider 529 account contributions Document side business expenses - Mileage Logs** Have and execute a charitable contribution strategy Correct any over contributions to 401K/403B/IRAs Manage your capital gains Look for IRS Letter 6419 Advanced Child Credit & Notice 1444-C Have a system for organizing your tax documents Select & engage your tax preparation method

Nate Hedrick and David Bright do a deep dive into seller financing and how it can be a win-win for both buyer and seller.  Key Points From This Episode Nate gets us up to speed on a rehab deal he's started work on.  Introducing today's hot topic; seller financing! Touching on 'subject to' seller financing and why it's a little less prevalent at the moment. We first define seller finance and cover the basics of how it works. A reminder to send in your questions; we want to cover what matters to you! Unpacking a case study, we get into detail with structure and when it's the right fit. Transparency and putting money in straight away to get the equity up. Discussing the freedom to create a win-win situation for you and the seller. Recognizing the ways the seller will be acting like a bank. David shares some risk-mitigation nuggets for this kind of deal. We get specific with the numbers and see how David came out on top. How having a team ready to go made all the difference! Hear about the cons and risks; paying above market value, prepayment penalties, and more! What scenarios might make a seller interested in this, and aligning your incentives. David shares some parting advice on how both sides can protect themselves. Links Mentioned in Today’s Episode Join the YFP Real Estate Investing Facebook Group BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures

Cynthia Knapp Dlugosz discusses the intersection between mindfulness and money. Key Points From This Episode Getting to know Cynthia, starting with the pivots and arc of her career. Discussing how her 20 years of mindfulness training began intersecting with pharmacy.  How the topics of burnout, resilience, and wellness have only recently gained traction. Cynthia shares her turning point from irresponsible money management to intentionality. Using the analogy of the Weight Watchers approach to get real with your spending. A step-by-step outline of how she first took control of her finances. How our relationship with money has changed in the age of automation and plastic. Defining mindfulness and how meditation trains us to live in the present moment.  The various purposes and ways meditation can be practiced. Debunking a common misconception about meditating. Exploring different ways to use breathing as an anchor for your attention.  How mindfulness meditation is like a bicep curl. How being present and mindful is key to making the right decisions with your money. Peeling back the onion of our emotional baggage and unconscious script around money. The importance of acknowledging our underlying fears and getting curious about them. Dealing with the changing goalposts on the question, “Do I have enough?” The concept of hedonic adaptation; we get used to what we already have.  Setting yourself up with a solid foundation and then giving yourself permission to spend. Cynthia shares some resources from her website, and some exciting future offerings!  Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning Create a Comprehensive Estate Plan with Thoughtful Wills ASHP NACDS ASCP Join APhA - Get 25% Off Your Membership with Code: YFP headspace Omega Institute Jon Kabat-Zinn Mindfulness Based Stress Reduction The Pema Chödrön Foundation Thich Nhat Han Sharon Salzberg Jack Kornfield Your Financial Pharmacist Weight Watchers Jenny Craig Cynthia Knapp Dlugosz Pharmacy Work/Life Matters Sign up for the Pharmacy Work/Life Matters Newsletter Your Financial Pharmacist Disclaimer and Disclosures Cynthia's Recommended Books Dollars and Sense: How We Misthink Money and How to Spend Smarter by Dan Ariely and Jeff Kreisler Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend by Jonathan K. DeYoe Mind over Money: The Psychology of Money and How to Use It Better by Claudia Hammond The Art of Money: A Life-Changing Guide to Financial Happiness by Bari Tessler

Jamie Wilkey discusses how she built her pharmacy consulting business and how she teaches and empowers other pharmacists to do the same.  Key Points From This Episode Nate shares how he is peaking as a real estate agent at exactly the wrong time of year. David and Nate weigh in on how hard it is to get anything without going over list price. How real estate is a more time-intensive investment strategy than the traditional forms. An introduction to today’s guest, pharmacist and entrepreneur, Jamie Wilkey.  The story of how she started out as a side hustle before creating a full-time opportunity for herself. Why she considers the personal development aspect of her career to be the most important. How creating a side hustle allows for creativity without the pressure of building a career. The bottleneck effect that you create when you try to do everything yourself. What bringing a team on board has enabled her to do: free up her time and be a leader. $10 tasks, how she defines them and how they benefit your business by freeing up time. The benefit that hiring a virtual assistant to do your $10 tasks can bring to your business. What she has gained by reaching out to strangers and asking them to share their wisdom. How acting, asking questions and just taking the first step gives you confidence. Why there is no wrong choice and picking something that appeals to you pays off. Her recommendation that you find what you love in life. Why looking for the quickest buck only gets you so far in comparison to loving what you do. A strategy she uses to stay working on the business, not in the business: time blocking. The most helpful non-pharmacy resource she has used: LinkedIn. Jamie’s advice for pharmacists considering entrepreneurship: believe in yourself that you can do it and to take an action every day that moves you closer to that goal. Links Mentioned in Today’s Episode PGx Consulting Confidence Academy National Small Business Association LinkedIn Connect with Dr. Jamie Wilkey on LinkedIn Email Jamie Wilkey: [email protected] Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures

Rosie Chhun talks about how her side hustle turned main hustle afforded her the ability to pay off $180k in student loans.  Key Points From This Episode Hear about Rosie's roots as a pharmacy technician and her journey in pharmacy school. Having to re-evaluate how she was moving forward and paying off her $180,000 debt. How paying the minimum hardly touched the interest accruing every month. How Rosie's love of calligraphy intersected with starting a business to pay off her debt. What galvanized her to take action and become financially literate. Reinvesting back into her business every time things were going well! Arriving at her successful business model with virtually no overhead costs. Just getting started, and continuing to learn and evolve as things go on. The two different pillars that make up Rosie’s business: live events and coaching! The gradual transition from an expensive hobby to a flourishing business. How the stress and burnout of the pandemic was the final motivator to leave pharmacy and commit to full-time entrepreneurship. Developing resiliency and not being afraid to take calculated risks. Intentionally growing as the demand increases and getting a supportive team. Links Mentioned in Today’s Episode Wander Crafter Calligraphy & Signs YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning Create a Comprehensive Estate Plan with Thoughtful Wills Dave Ramsey Craft Academy Follow Rosie Chhun on Instagram: @wandercrafter Follow Rosie Chhun on TikTok: @wandercrafter  Rosie Chhun|Wandercrafter Youtube 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 Stephen in Sacramento, California: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Treasury Direct Series I Savings Bonds Your Financial Pharmacist Webinars Register for the Key Financial Moves to Make Before 2022 Webinar  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.

Nate Hedrick and David Bright take a deep dive on leveraging your money through a mortgage. Key Points From This Episode Nate updates us on his great rental in Cleveland. Trying to predict what to expect for 2022. Reaching out to listeners; tell us what you want our next webinar to be about! How risky it feels to borrow money if you've been in student loan debt before. Diving deeper into our topic for today: leveraging your money through mortgages. Getting into some common FAQs on shopping for loans. We do the math to break down the potential financial risks of different scenarios. What the short and long-term risks are if the market shifts downwards.  The costs of selling a house that's had a big level of value increase, and the value of looking at it from a percentage basis. Proving how leveraging lowers the barrier to entry in real estate investing.  How real estate is just not as liquid as other types of investing. Setting up your mortgage, balloon payments, property managers, and more! Diversifying to manage risk, and using the stock market as a great analogy. Links Mentioned in Today’s Episode Join the YFP Real Estate Investing Facebook Group Submit Your Webinar or Episode Ideas: [email protected] YFP Real Estate Investing YFP Real Estate Investing 31: What Makes an Investor-Friendly Agent With HGTV’s Lauren Risley Your Financial Pharmacist Disclaimer and Disclosures

Tony Umholtz talks through five steps for getting ready for a home purchase.  Key Points From This Episode Why now is a good time to buy a home. Where you can find out the average interest rates in the home loan industry. Tony explains what discount points are and why you need to understand them.  The importance of reading the fine print.  Know your budget! How lenders determine how much they are going to lend. What the 28/36 rule is.  Tony runs through the pros and cons of a 20% down payment.  How savvy investors look at returns.  Comparing pre-approval and pre-qualification.  The value of a credit report. How lenders work out your credit score, and why this differs from what you will see if you use a monitoring service.  Examples of the different types of lenders that exist.  Information that you will need to provide to the lender you choose once you have a property under contract.  Links Mentioned in Today’s Episode Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process YFP Planning: Financial Planning for Pharmacists 5 Steps to Getting a Home Loan YFP 216: Common Credit Blunders to Avoid When Buying a Home Freddie Mac Fannie Mae  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 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

Dr. Christine Manukyan discusses her why for leaving her career in hospital pharmacy administration, her business in functional medicine, and how bold goal setting has contributed to her success.  Mentioned on the Show Functional Medicine Business Academy STORRIE Podcast YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning Create a Comprehensive Estate Plan with Thoughtful Wills Pharmfluencer Summit Founder of Functional Medicine Business Academy™️, Dr. Christine Manukyan is Leading the Functional Medicine Revolution Tony Robbins Coaching Unleash the Power Within: Personal Coaching to Transform Your Life by Tony Robbins Dr. Christine Manukyan Sign up for the Free 5 Day Masterclass: Launch a Virtual Functional Medicine Practice in 90 Days on October 25-29 Human Design with Jenna Zoe The Unstoppable Entrepreneur, Kelly Roach Pivot with Purpose: The true stories of how 18 female entrepreneurs & business owners pivoted during one of the most unprecedented times in history by Rebecca Cafiero, Elise Cruz, et. al. STORRIE Podcast: 45. Building Your Business: Financial Considerations with Dr. Tim Ulbrich  Connect with Christine Manukyan on LinkedIn 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 Kelsey in Omaha, Nebraska: How do I move my investment accounts from my financial advisor to managing them myself? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Nuts and Bolts to Hiring a Financial Planner Schedule a free Discovery Call with YFP Planning 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.

Osama Emara shares his real estate investing experience and how and why he earned real estate broker and mortgage loan originator credentials.  Mentioned on the Show BiggerPockets Podcasts BiggerPockets Books BiggerPockets Forums Email Osama Emara at [email protected] Connect with Osama Emara on Facebook YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group

Tim Baker, YFP Co-founder and YFP Planning Director of Financial Planning, joins Tim Ulbrich to talk about open enrollment and evaluating employer benefits. Tim and Tim dig into: Considerations for choosing a health insurance plan How to determine whether or not your employer-provided life and disability insurance is sufficient (one of the most common questions we get) Understanding the differences between an FSA, Dependent Care FSA, and HSA What to be looking for when putting money into your employer-sponsored retirement plan.  Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning GoodRx: Get the Exclusive Report on the Current State of the Pharmacy Profession YFP 044: How to Determine Your Life Insurance Needs YFP 045: How to Determine Your Disability Insurance Needs Your Financial Pharmacist YFP 165: The Power of a Health Savings Account Why I’m Not Using My Health Savings Account to Pay for Medical Expenses Ask a YFP CFP© #84: What can I do about the fees on my HSA account? YFP 074: Evaluating Your 401k Plan YFP 208: Why Minimizing Fees On Your Investments Is So Important 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: What do I need to know about the recent PSLF changes? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Public Service Loan Forgiveness Limited Waiver Opportunity Learn More About Our 1:1 Student Loan Analysis with a CFP® Your Financial Pharmacist 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.