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: Can I roll my old 401(k) over to a 403(b) or IRA? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group 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] 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 pros and cons of owning single-family vs. multi-family rentals in various markets.   Mentioned on the Show YFP Real Estate Investing 14: Protecting Your Investments Register for the “How to Get Started in Real Estate Investing” Webinar on October 12, 2021, at 8:30 PM ET APhA Live Education Offerings Join the YFP Real Estate Investing Facebook Group YFP Real Estate Concierge Service Book a Free Call with Nate Hedrick YFP Real Estate Investing

Jacob and Michaela Soppe discuss their home buying journey in the current real estate market.  Mentioned on the Show Join APhA - Get 25% Off Your Membership with Code: YFP Real Estate RPh: Helping Pharmacists Navigate the World of Real Estate YFP Real Estate Investing Podcast Book a Free Call with Nate Hedrick YFP Real Estate Concierge Service YFP 064: 6 Steps to Home Buying (Part 1) YFP 065: 6 Steps to Home Buying (Part 2) First Time Home Buying Quickstart Guide Home Buying Resources Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process Email Jacob Soppe at: [email protected]    

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 Julia in Wilmington, Delaware: Should I consolidate my student loans if I'm pursuing PSLF? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists The Pharmacist’s Guide to Conquering Student Loans by Tim Church, PharmD Learn More About Our 1:1 Student Loan Analysis with a CFP® 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.

Savannah Arroyo, “The Networth Nurse,” discusses real estate syndication and shares advice on overcoming common investing obstacles.  Mentioned on the Show Join the YFP Real Estate Investing Facebook Group Connect with Savannah Arroyo on LinkedIn YFP Real Estate Investing 21: Setting Your Mindset for Success with Ketan Patel My First Year Investing In Real Estate - Overcoming Limiting Beliefs Investing in Real Estate with No (and Low) Money Down by Brandon Turner Connect with The Networth Nurse on YouTube The Networth Nurse Blogs Connect with The Networth Nurse Community on Facebook Follow The Networth Nurse on Instagram: @thenetworthnurse Connect with The Networth Nurse on Facebook The Networth Nurse YFP Real Estate Investing

Estate planning attorneys, Notesong Thomson and Nathan Kavlie, discuss estate planning and its importance in the financial plan. Mentioned on the Show Create a Comprehensive Estate Plan with Thoughtful Wills Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh YFP 108: How to Effectively Talk with Mom & Dad About Their Finances

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 Lucas in Louisville, Kentucky: How can I maximize the tax benefits of donor advised funds? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists XY Planning Network Fidelity Charitable Vanguard Charitable Schwab Charitable 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.

Samantha Odem shares her real estate story, how she got into flipping, and the mindset that keeps her going. Mentioned on the Show YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac YFP Real Estate Concierge Service Email Samantha Odem: [email protected] Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing    

Michelle Lamb discusses her journey towards achieving FIRE (Financial Independence, Retire Early). Mentioned on the Show Create a Comprehensive Estate Plan with Thoughtful Wills Order Your Copy of FIRE Rx: The Pharmacist’s Guide to Financial Independence by Jeff Keimer, PharmD and Get 10% Off With Code: INVESTRX YFP 188: Playing with FIRE: An Interview with Scott Rieckens Playing with FIRE: How Far Would You Go for Financial Freedom by Scott Rieckens How Much You Need to Hang Up Your Coat: All About the Four Percent Rule How to Save Half of Your Income The FIRE Prescription: How to Retire Early as a Pharmacist Dave Ramsey The Ramsey Show Mr. Money Mustache Early Retirement in One Lesson (or How I Retired at 30) YFP Planning: Financial Planning for Pharmacists The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss Playing with FIRE: The Documentary LTC Pharmacist Connection Facebook Group Pharmacist Moms Group (PhMG) Facebook Group The Stacking Benjamins Podcast Afford Anything: Build a Better Life with Paula Pant The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J.L. Collins Connect with Michelle M. Lamb, PharmD on LinkedIn

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 Andrea in Olathe, Kansas: What can I do about the fees on my HSA account? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Lively TD Ameritrade 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] 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 off-market real estate purchasing.  Mentioned on the Show Join the YFP Real Estate Investing Facebook Group BiggerPockets YFP Real Estate Investing 13: The Power of Partnerships National Real Estate Investors Association: Find a REIA YFP Real Estate Investing 08: Ten Terms for Today’s Market YFP Real Estate Investing

Kelly Reddy-Heffner talks about how those with student loans should be calculating their next moves considering the most recent extension of the administrative forbearance through January 2022. Mentioned on the Show Learn More About Our 1:1 Student Loan Analysis with a CFP® YFP Planning: Financial Planning for Pharmacists Register for the Free Webinar: Side Hustling: Extra Ways to Make Money as a Pharmacist The Happy PharmD YFP 187: How to Maximize Your Student Loan Strategy While Federal Student Loan Payments are Paused Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Federal Student Aid  AnnualCreditReport.com Get a Free Copy of the YFP Budget Template YFP 214: How Anna Got $127k Forgiven Through PSLF Federal Student Aid: PSLF Help Tool with EIN Search Schedule Your Student Loan Analysis Appointment Send in your questions here or to [email protected]

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: Is there such a thing as a financial advisor that doesn't have a stake in another company? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group 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.

Ketan Patel discusses mindset and an overview of syndication in real estate. Episode Summary Even though it is the cornerstone to success, mindset is often overlooked. We do not realize how much our limiting beliefs are holding us back from getting started in real estate or taking the next step. Ketan Patel, a pharmacist, turned full-time real estate investor and High-Performance Real Estate Coach, looks to help his clients overcome the thoughts that hold them back so that they can flourish. In this episode, we hear about Ketan’s journey from pharmacy to real estate, where he talks about why we need to reframe risk. Ketan explains how individuals struggling with mindset can overcome those obstacles and shares insight for building confidence in real estate investing. Rather than thinking about what we might lose, if we consider what we can gain, taking bold action becomes easier. Ketan shares the innovative way he funded his first deal, and he also talks about multifamily syndication, a great way to passively invest in real estate. The conversation touches on the power of mindset, where Ketan offers insights into how he’s worked on his. Ketan shares the value of being grateful for what you have and why you have to find joy beyond the numbers. Ketan truly embodies the idea that mindset matters. Key Points From This Episode Get to know today’s guest, Ketan Patel.  Hear details about Ketan’s pharmacy journey and his subsequent transition into real estate.  How Ketan moved into real estate; it wasn’t all at once.  Insights into Ketan’s first deal and the creative way he managed to get funds for it.  Why Ketan believes that there is no such thing as a risk: you always win something.  How mindset influences your outlook and frames the way you see things.  Typical roadblocks Ketan that helps his clients overcome.  At some point, you have to ask yourself why you are truly not making the decision to jump into real estate.  Where Ketan’s first deal opportunity came from.  Confidence comes after action, not the other way around.  A look at what syndication is, how this structure works, and the partners involved in deals.  Who can participate in syndication and whether or not you need to be an accredited investor.  What Ketan is currently working toward; it’s more than just the numbers.  Finding the balance between wanting more and living in the moment.  Final questions to end the show.   Highlights “I realized that with real estate, you have a lot of flexibility. You could do a flip, you could partner with someone, invest passively, you could buy a small rental, you don't have to quit your job day one.” — Ketan Patel [0:06:45] “It doesn't really matter what business you do and what your strategies are. At the end of the day, the thoughts, the beliefs, the emotions you have, they determine so much about your success and things like that. Instead of just focusing on the knowledge, the technical aspects, they are important, but they're not as important.” — Ketan Patel [0:10:12] “You can’t postpone happiness and joy and everything for the future. I got to start living it now regardless if I have that or not.” — Ketan Patel [0:30:15] “We [pharmacists] don't give ourselves credit of what's really possible for us.” — Ketan Patel [0:32:44] Links Mentioned in Today's Episode Join the YFP Real Estate Investing Facebook Group Ketan Patel Coaching: Results Coaching Mukhi Capital The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges Ketan Patel Coaching Ketan Patel Coaching: Capital Raising Pro Apply for a Results Coaching Session with Ketan YFP Real Estate Investing

Alex Barker talks about why pharmacists should negotiate their salary and benefits, benefits of negotiation, and 2 negotiation tips. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning Get Your Free Copy of A Pharmacist’s Guide to Salary and Benefit Negotiation by Email: [email protected] YFP 205: Current State of the Pharmacy Job Market U.S. Bureau of Labor Statistics, Occupational Outlook Handbook: Pharmacists Join the YFP Facebook Group The Happy PharmD Glassdoor Indeed Mercer Salary Surveys & Pay Data  Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss YFP 166: Why Negotiation is an Important Part of Your Financial Plan

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 Abby in Wisconsin: What are my best options for mortgage loans as a first-time homebuyer? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Truth in Lending Act YFP 162: Credit 101 5 Steps to Getting a Home Loan YFP Mortgage Calculator 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 rapid appreciation that some investors are seeing in their markets and some lessons learned from CPAs. Mentioned on the Show YFP Real Estate Investing 18: Tax Strategies for Real Estate Investing Join the YFP Real Estate Investing Facebook Group 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

Dr. Marina Buksov discusses her entrepreneurial journey in natural remedies and clinical herbalism.  Mentioned on the Show Take the Financial Fitness Test Dr. Marina Buksov: Holistic Nutritionist, Clinical Herbalist YFP Planning: Financial Planning for Pharmacists Connect with Marina Buksov on Facebook Connect with RawFork on Facebook Follow Marina Buksov on Instagram: @drmarinabuksov Follow Marina Buksov on TikTok: @drmarinabuksov

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 high yield savings accounts have the best interest rates? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Ally Savings Accounts Marcus: by Goldman Sachs High Yield Savings Capital One 360 Performance Savings CIT Bank Savings Accounts Citibank Savings Accounts 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 common investing hurdles in today’s market.  Mentioned on the Show YFP Real Estate Investing 15: Long-Distance Rental Property Investing YFP Real Estate Investing 04: How (and WHY) One Pharmacist Got Started in Real Estate Investing YFP Real Estate Concierge Service YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac Every Landlord's Legal Guide by Marcia Stewart, Janet Portman, and Ann O’Connell Cozy: Free property management software Apartments.com Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing Apply to be a guest on the YFP Real Estate Investing Podcast Submit your question to the YFP Real Estate Investing Podcast

Kelley Carlstrom shares how she has leveraged her clinical expertise to make oncology specialty training more accessible. Mentioned on the Show GoodRx: Get the Exclusive Report on the Current State of the Pharmacy Profession KelleyCPharmD Enjoy Learning Oncology (ELO) Courses Medipreneurs Summit  Start: Punch Fear in the Face, Escape Average, and Do Work That Matters by John Acuff Connect with Kelley Carlstrom on LinkedIn

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 Jennifer in Nashville, Tennessee: Should I sell my house to pay off my student loans? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Bankrate 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.

Amanda Han and Matt MacFarland discuss tax strategies for real estate investing.  Mentioned on the Show 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 Money Magazine The Book on Tax Strategies for the Savvy Real Estate Investor: Amanda Han & Matthew MacFarland Talks at Google BiggerPockets Podcast 370: Tax Hacks to Juice Your ROI with Amanda Han and Matt MacFarland Animals for Armed Forces Foundation QuickBooks Stessa: Landlord Rental Property Tool Turbotax H&R Block: Tax Preparation Services Company CARES Act BiggerPockets Podcast Maui Mastermind: Build a Business, Not a Job Join the YFP Real Estate Investing Facebook Group Keystone CPA, Inc. Keystone CPA Podcasts Download Your Free E-Book: 5 Cashflow Strategies for Real Estate Investors by Amanda Han and Matt MacFarland YFP Real Estate Investing

Tony Umholtz discusses common credit blunders when buying a home. Mentioned on the Show Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process 5 Steps to Getting a Home Loan YFP 204: The Current State of Buying, Selling, and Refinancing a Home YFP 191: 10 Common Mortgage Mistakes to Avoid Equifax TransUnion Experian YFP 162: Credit 101 AnnualCreditReport.com LifeLock  YFP Mortgage Calculator YFP Mortgage Refinance Calculator

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: Can I move funds in my Traditional IRA to a Roth IRA regardless of how much I'm earning? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group  YFP 096: How to do a Backdoor Roth IRA Book 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.

Frank Macias discusses his experience with building a rental property from the ground up.  Mentioned on the Show YFP Real Estate Concierge Service Register for the Next APhA/YFP Webinar Bigger Pockets Podcast Join the YFP Real Estate Investing Facebook Group YFP Rental Property Calculator Rentometer Avail: Free Landlord Software The Ramsey Show Your Financial Pharmacist Podcast Retire Early with Real Estate: How Smart Investing Can Help You Escape the 9-5 Grind and Do More of What Matters by Chad Carson Connect with Frank Macias on Bigger Pockets Connect with Frank Macias on Facebook Email Frank Macias: [email protected] YFP Real Estate Investing

Rachel Cruze discusses her new book, Know Yourself, Know Your Money. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists The Rachel Cruze Show Know Yourself, Know Your Money by Rachel Cruze Dave Ramsey’s 7 Baby Steps Ramsey Solutions RachelCruze.com Follow Rachel Cruze on Instagram: @rachelcruze Connect with Rachel Cruze on Facebook  Subscribe to The Rachel Cruze Show on Youtube Follow Rachel Cruze on Twitter: @RachelCruze

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 Becca in Phoenix, Arizona: What are the pros and cons of refinancing my student loans? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists YFP 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.

Paul Hinckley discusses his start in real estate investing by building his portfolio with single-family homes. Mentioned on the Show Join APhA - Get 25% Off Your Membership with Code: YFP YFP Real Estate Investing YFP Real Estate Investing 09: Getting Started in Multifamily Investing YFP Real Estate Investing 10: Getting Started Through House Hacking Your First Rental Property Course by Paula Pant Afford Anything Build a Better Life with Paula Pant Join the YFP Real Estate Investing Facebook Group Email Paul Hinckley: [email protected]

Anna Santoro shares her journey of pursuing and receiving Public Service Loan Forgiveness. Mentioned on the Show YFP Planning: Financial Planning for Pharmacists Register for the Free Webinar: Financial Considerations When Having or Adopting a Child on August 12 at 8:30 PM ET Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD The Pharmacist's Guide to Conquering Student Loans by Tim Church, PharmD Baker’s Dirty Dozen: Principles for Financial Independence by Joe Baker, MBA with Lindsey Jordan Baker YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness (PSLF) YFP 078: Is Pursuing the Public Service Loan Forgiveness Program a Waste? YFP 187: How to Maximize Your Student Loan Strategy While Federal Student Loan Payments are Paused Commission Corps of the U.S. Public Health Service: SRCOSTEP

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 Christian in Arkansas: Should I make a large, one-time payment on my student loans after administrative forbearance ends? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists YFP 162: Credit 101 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.

Young Park discusses his strategy for using the BRRRR method for long-distance real estate investing. Mentioned on the Show YFP Real Estate Concierge Service YFP 182: How This New Practitioner is Leveraging a Team to Invest in Long-Distance Real Estate Bigger Pockets Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by David Greene Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene Bigger Pockets Podcast Connect with Young Park on Instagram: @young_j_park Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing

Tim Baker shares five considerations for investing in a volatile market.  Mentioned on the Show YFP Planning: Financial Planning for Pharmacists YFP 124: The Behavioral Investor with Dr. Daniel Crosby The Behavioral Investor by Daniel Crosby Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD Dave Ramsey YFP 070: Pre-Planning for Tax Season YFP 073: How to Determine the Priority of Investing Schedule a free Discovery Call with YFP Planning

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 Tuong in Orlando, Florida: How should I allocate my 401(k) to reach its greatest potential?  Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists YFP 208: Why Minimizing Fees On Your Investments Is So Important 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.

Bryan Neal, an insurance agent, explains insurance terminology, the difference in policies and agent types, and gives his advice for pharmacist real estate investors on protecting their investments. Mentioned on the Show Download The Pharmacist’s Guide to Real Estate Investing YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac The E-Myth: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom by Robert Kiyosaki Neal-Rougeau Insurance Group Email Bryan Neal: [email protected] Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing

Tim Ulbrich shares his checklist for building a strong financial foundation.  Mentioned on the Show CommonBond 0% APR - Check Your Rate YFP Planning: Financial Planning for Pharmacists YFP 124: The Behavioral Investor with Dr. Daniel Crosby I Will Teach You To Be Rich by Ramit Sethi YFP Budget Template YFP 057: The Power of Automating Your Financial Plan YFP 026: Baby Stepping Your Financial Plan - The 2 Things to Focus On First Bureau of Labor Statistics: Income for Pharmacists YFP 018: Maximizing the Benefits of Public Service Loan Forgiveness (PSLF) YFP 062: The 'Other' Forgiveness YFP 176: How Stephanie Got $72,000 Forgiven Through TEPSLF Your Financial Pharmacist Student Loan Refinancing The Ultimate Guide to Pay Back Pharmacy School Loans YFP 155: Why You Need Liability Insurance Insurance for Pharmacists YFP 074: Evaluating Your 401k Plan YFP 163: Investing Beyond the 401k/403b YFP 096: How to do a Backdoor Roth IRA YFP 019: How Do Health Savings Accounts (HSA) Fit Into a Financial Plan? YFP 165: The Power of a Health Savings Account YFP 073: How to Determine the Priority of Investing YFP 208: Why Minimizing Fees On Your Investments Is So Important Schedule your FREE Discovery Call with YFP Planning

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: Should I use a cash-out refinance or a HELOC to pay off my student loans?   Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group Refinance Your Student Loans 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.

Montrell Taylor and Kamren Gallon discuss how their friendship and partnership came to be, get in-depth on real estate wholesaling, how wholesaling works, and how to garner trust and network as a real estate wholesaler. Mentioned on the Show YFP 103: Wholesaling as a Real Estate Agent Wholesale Real Estate Freedom Podcast - EP 1 - Rico Smith Intro & Reverse Wholesaling Explained Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD MLS Multiple Listing Search Zillow Trulia Your Financial Pharmacist Podcast How to Make 10K in Two Weeks: The Complete Guide to Real Estate Wholesaling by Montrell Taylor and Stanford Taylor Success is the Best Revenge: Real Estate Destroyed & Saved My Life by Dr. Kamren Gallon Flip It or Rent It: Double your knowledge, double your income! by Dr. Kamren Gallon Follow Montrell Taylor on Instagram: @tbi_tre Connect with Montrell Taylor on Facebook Your Financial Pharmacist Follow Kamren Gallon on Instagram: @Dr.TwinDad GallonEstates.com Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing

Tim Baker, YFP Co-Founder and Director of Financial Planning, takes a deep dive into the 529 plan. He discusses a framework for how to project and save for kids college along with the construct of 529 plans including what they are, tax advantages, what are qualified and non-qualified expenses, and considerations when investing money within a 529. Mentioned on the Show Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance Register for the Next Webinar: Home Buying for Pharmacists: What to know, how to determine if you’re ready, finding an agent, financing, and more! YFP 195: How to Save for Your Child’s Education 7 Things to Consider Before Starting a 529 Plan YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group YFP 208: Why Minimizing Fees On Your Investments is So Important  Schedule a free Discovery Call with YFP Planning

Ryan Chaw discusses his experience generating a solid monthly rental income through his rent by the room investing strategy in college areas. Ryan shares his methods for screening tenants, making his properties appealing to his target tenants, how he tenant proofs his units, and how pharmacists can reach financial freedom through real estate investing. Mentioned on the Show YFP 140: How Ryan is Bringing in $11,000 a Month Through College Town Real Estate Investing YFP 173: Using Systems to Automate Real Estate Investing Rookie Podcast 35: Doubling Cashflow by Renting out Rooms with Pharmacist Ryan Chaw Rentometer: House and Apartment Rental Rate Comps 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 Real Estate Investor by Gary Keller High Performance Habits: How Extraordinary People Become That Way by Brendon Burchard Your Financial Pharmacist Podcast BiggerPockets Real Estate Podcast Real Estate Rookie Podcast BiggerPockets Business Podcast BiggerPockets Blog Download the Free Newbie Real Estate Investor’s Guide Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing

Tim Baker discusses why net worth matters, how to calculate your net worth, and why net worth, not income, is the true indicator of your financial health. Mentioned on the Show Join APhA - Get 25% Off Your Membership with Code: YFP YFP Planning: Financial Planning for Pharmacists eMoney Advisor Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki Book a Free Discovery Call with YFP Planning

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 Lalit: Is buying an electric car a good financial move after I graduate pharmacy school?  Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Federal Electric Car Tax Credit 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 Mackey discusses his recent start in real estate investing, how the YFP Real Estate Concierge played a role in his first investment property purchase, and how he decided on multi-unit investing for his first property. Mentioned on the Show YFP Real Estate Concierge Service Bigger Pockets Download Your Free Copy of The Pharmacist’s Guide to Real Estate Investing Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process Your Financial Pharmacist Podcast Connect with Nate Mackey on LinkedIn Follow Nate Mackey on Instagram: @masternate7 Follow Nate Mackey on Twitter: @masternate7 Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing

Nate Hedrick and David Bright discuss the growing interest in real estate investing among pharmacists, common barriers that pharmacists face that may prevent them from getting started, and three real estate investing lessons learned from fellow pharmacists who shared their stories and journeys on the YFP Real Estate Investing Podcast. Mentioned on the Show Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance YFP Real Estate Investing Podcast Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing 02: Long Term vs. Short Term Rental Property Investing - One Pharmacist’s Perspective YFP 111: How One New Practitioner is on FIRE YFP Planning: Financial Planning for Pharmacists YFP 206: Three Strategies for Buying a House with Student Loans YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac YFP 168: How Blake and Zac Analyze Real Estate Deals YFP 082: Debt Free Theme Hour with the Teacher and Pupil Bigger Pockets  YFP Real Estate Investing 05: None to One: How to Get Your FIRST Investment Property YFP 148: How One Couple Got Started in Real Estate Investing Join the Investment Mindset Book Club Facebook Group MLS Multiple Listing Search Contact Nate and David or Share Your Real Estate Investing Story: [email protected] Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki Download Your Free Copy of The Pharmacist’s Guide to Real Estate Investing    

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 Frank in Bonita Springs, Florida: What options do I have if I need more funds during a home build due to the increased cost of expenses? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists NerdWallet Personal Loan Calculator 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.

Bryce Platt discusses house hacking, including his strategy for finding houses and properties that meet his criteria for a good deal, his experience living with his tenants, and how he financed his real estate investments early in his pharmacy career.  Mentioned on the Show YFP 160: Navigating the Home Buying Process Through the YFP Concierge Service YFP 130: House Hacking Your Way to Financial Freedom The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom by Craig Curelop YFP Real Estate Concierge Service YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac Learn More About IBERIABANK/First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process Cozy: Free property management software Apartments.com Todoist: The to-do list to organize work & life Getting Things Done: The Art of Stress-Free Productivity by David Allen Your Financial Pharmacist Bigger Pockets Identity-Based Habits: How to Actually Stick to Your Goals This Year by James Clear Connect with Bryce Platt on LinkedIn Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing      

Tim Baker digs into the f-word we want to minimize when it comes to our investments...FEES! When you do the hard work to save money, you should be interested in keeping as much of that investment intact by minimizing the fees that can take away from your long-term gains. Tim discusses various fees, the impact these fees can have on achieving your long-term savings goals, and strategies you can take to evaluate the fees related to your own investment plan.  Mentioned on the Show YFP Planning: Financial Planning for Pharmacists YFP 207: How to Avoid These 6 Common Financial Mistakes YFP 070: Pre-Planning for Tax Season YFP 184: How to Optimize Your 2021 Tax Strategy Are You Making This $1 Million Dollar Mistake? Schedule a free Discovery Call with YFP Planning

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: Do I need professional liability insurance as a pharmacy resident? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Join the YFP Facebook Group  YFP 155: Why You Need Liability Insurance 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.