Your Financial Pharmacist

Cory & Cassie Jenks return 5 years after first sharing their Coast FI journey. Tim Ulbrich talks with them about career shifts, family life, and how they’re balancing financial freedom with living fully while raising three kids under six. Episode Summary In early 2020, pharmacists Cory and Cassie Jenks shared their inspiring journey toward Coast FI on Episode 134 of the YFP Podcast, explaining how they front-loaded their retirement savings to create more flexibility, time freedom, and intentional living. Now, over five years later, they’re back for a “Where Are They Now?” update. A lot has changed - career transitions, family growth, and a deeper evolution of what financial independence looks like as life continues to shift. In this conversation with YFP Co-Founder & CEO Tim Ulbrich, Cory and Cassie reflect on: ✅ Career and lifestyle shifts since hitting Coast FI ✅ What it means to intentionally “downshift” in pursuit of purpose ✅ Balancing saving for tomorrow with living fully today ✅ Navigating family life with three kids under six ✅ How their financial planning strategy has adapted over time Whether you’re on your own FIRE journey, reevaluating your relationship with work, or just curious how other pharmacist families are redefining success, this episode is packed with honest reflection and practical inspiration. Mentioned on the Show YFP YouTube Channel YFP Episode 134 featuring Cassie & Cory Jenks Die with Zero by Bill Perkins Happy Money by Ken Honda Your Financial Pharmacist  

Tim Ulbrich, PharmD, breaks down student loan updates from the Big Beautiful Bill, including key changes, how we got here, and what it means for your repayment strategy. Episode Summary In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD breaks down recent student loan updates stemming from the newly passed Big Beautiful Bill. With so many repayment options, formulas, and acronyms flying around, it’s more confusing than ever for borrowers to make confident decisions. Tim walks through: ✅ Key changes included in the Big Beautiful Bill ✅ How we got here and why this matters ✅ What these updates could mean for your personal repayment strategy Since this topic can become complex quickly, Tim shares slides in the YouTube video. If you want to follow along visually, be sure to check out the full episode on YouTube. Mentioned on the Show Studentaid.gov Watch This Episode on YouTube  Your Financial Pharmacist  

Jackie Boyle returns nearly two years after paying off $200K+ in student loans to share how that milestone shaped her growth. Jackie also discusses mindset shifts, burnout in pharmacy, and her mission to help ambitious women reconnect with their purpose and potential. Episode Summary In this episode, Jackie Boyle, PharmD, returns to the YFP Podcast to share what’s happened in the nearly two years since she and her husband paid off over $200,000 in student loans. Jackie and Tim Ulbrich dive into the pressure many pharmacists feel to follow a traditional career path, the mindset shifts required to break free from self-limiting beliefs, and the realities of burnout in the profession. Jackie also opens up about her journey into coaching and the mission behind Jackie Boyle Coaching, where she helps ambitious women reconnect with their purpose and potential. Whether you're feeling stuck, burned out, or questioning what’s next in your career, this episode offers honest insights, encouragement, and hope for what’s possible. Mentioned on the Show YFP YouTube Channel YFP 331: How One Couple Paid Off $208k of Student Loans Standard University “Imposter Syndrome” Turning Pro by Steven Pressfield The Big Leap by Gay Hendricks 10x is Easier Than 2x by Dan Sullivan Jackie Boyle Coaching   Jackie Boyle LinkedIn Profile

Pharmacists delve into the shifting real estate market, discussing current trends like inconsistent pricing and changing buyer behaviors. They compare the volatility of real estate investing to the stock market, highlighting the importance of negotiation and marketing strategies. The conversation stresses risk management and diversification, with a focus on long-term strategies that utilize real estate for retirement income. Key takeaways offer valuable insights for both novice and seasoned investors navigating this unpredictable landscape.

Wondering whether to contribute to a Roth or Traditional retirement account? Tim Ulbrich and Tim Baker break down key factors like tax brackets, Roth 401(k) access, and long-term planning tips to help you decide. Episode Summary One of the most common questions we get is: Should I contribute to a Roth or Traditional retirement account? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down the key factors to consider when deciding between Roth and Traditional contributions, including: ✅ Your current and projected future tax bracket ✅ How much you’ve already saved in each account type ✅ Roth 401(k) availability through your employer ✅ State income tax implications ✅ Whether you have the cash flexibility to consider Roth conversions ✅ How the Roth IRA’s freedom from required minimum distributions (RMDs) can be a valuable planning tool If you’ve ever found yourself wondering which retirement bucket to prioritize, or if you’re simply trying to be more tax-savvy with your savings, this episode is for you. 📩 Have a question for a future Ask YFP episode? Submit it here: info@yourfinancialpharmacist.com Mentioned on the Show YFP YouTube Channel YFP 405: Navigating Retirement Income: How to Turn Assets into a Paycheck Record a Question to be Featured on an Ask YFP Episode Email YFP: info@yourfinancialpharmacist.com

Navigating a job change? This conversation highlights essential financial tips, from negotiating job offers to managing benefits effectively. Discover the importance of evaluating your compensation package beyond just salary, including retirement plans and healthcare options. Learn authentic negotiation tactics that build relationships and confidence. The discussion also emphasizes the need for informed decision-making around your financial future and the potential complexities of financial advice during career transitions. Get ready for a smoother transition!

Does a 1% AUM fee really cost you 25% of your returns? Tim Ulbrich and Tim Baker run the numbers and give you a framework to evaluate the real cost and the real value of financial planning. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle a common concern about working with a financial advisor: Does paying a 1% fee for assets under management (AUM) really eat away a quarter of your investment gains over time? We run the actual numbers using compound interest calculators to see how much a 1% advisory fee could cost over the long term and whether the 25% claim holds true. But this episode isn’t just about math. Tim and Tim also zoom out to look at the bigger picture: What’s the ROI of the fee you’re paying? Because it’s not just about investment returns, it’s also about the potential behavioral coaching, tax strategies, withdrawal planning, and comprehensive financial guidance that a good advisor brings to the table. Whether you’re a die-hard DIY investor, already working with an advisor, or considering working with a financial planner for the first time, this episode will give you a practical framework to evaluate the real cost and real value of financial advice. Mentioned on the Show YFP YouTube Channel YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner  Vanguard: Putting a value on your value: Quantifying Vanguard Advisor’s Alpha® The Investment Funds Institute of Canada. Financial Advice in Canada, November 2022. Kitces Quantifying the Value of Financial Planning Advice Record a Question to be Featured on an Ask YFP Episode Email YFP: info@yourfinancialpharmacist.com

Are you feeling financially stuck despite a solid income? Dive into the reasons why many pharmacists hit financial plateaus. Discover how a fixed mindset, stagnant income, and escalating costs can limit your progress. It’s not just about budgeting—it's about transforming your perspective on money and potential. Gain valuable insights on living below your means and enhancing your financial strategy for greater freedom and opportunities. Tune in for actionable steps toward financial empowerment!

In this special Father’s Day episode, Tim Ulbrich shares five unexpected and powerful money lessons he’s learned from raising four boys. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, reflects on the unexpected and powerful financial lessons he’s learned from raising four boys. From conversations at the concession stand to big-picture reflections on priorities, Tim shares 5 meaningful insights that go beyond spreadsheets and savings accounts. Whether you're a parent, planning to be one, or simply interested in how life shapes our money mindset, this episode offers a personal and practical look at the intersection of fatherhood and finance. Mentioned on the Show YFP 363: A Conversation with My Dad: Lessons on Entrepreneurs, Fatherhood, and Finance  YFP 402: Building a Legacy: The Family Constitution Blueprint with Julia Myers Die With Zero: Getting All You Can From Your Money and Your Life by Bill Perkins Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton  

What mindset separates high earners from true wealth builders? Inspired by The Millionaire Next Door by Dr. Thomas Stanley, Tim Ulbrich breaks down how changing his perspective on money transformed his financial path, and how it can do the same for you. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD explores the key mindset shift that helps pharmacists quietly build lasting wealth. This isn't about flashy cars or overnight success. It's about the habits, discipline, and mindset millionaires use to build wealth quietly and consistently. Drawing from both personal experience and lessons from The Millionaire Next Door by Dr. Thomas Stanley, he shares how pharmacists and other high-income earners can adopt a wealth-building mindset that prioritizes financial independence over lifestyle inflation. Whether you’re just getting started or looking to level up, this episode will challenge how you think about money and give you the tools to create lasting change. In this episode, you’ll learn: The mindset millionaires adopt (that most people don’t) Why high income doesn’t guarantee financial freedom How to build money habits that grow wealth over time What these insights mean for pharmacists and other professionals pursuing financial independence Mentioned on the Show First Horizon’s Pharmacist Home Loan Your Financial Pharmacist The Millionaire Next Door by Dr. Tom Stanley I Will Teach You to be Rich by Ramit Sethi The Compound Effect by Darren Hardy