

YFP 229: How This Pharmacy Professor's Debt Free Journey Ignited His Passion to Teach Others
Nov 11, 2021
36:51
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