Your Financial Pharmacist

Discover whether whole life insurance is a worthwhile investment for pharmacists. The hosts explore common misconceptions and highlight the differences between whole life and term policies. They argue that life insurance should prioritize protection over investment and endorse the buy-term-and-invest-the-difference strategy. The discussion also touches on the commissions driving whole life sales and the unique risks faced by younger pharmacists. Material costs and potential opportunity costs are presented, empowering listeners to make informed financial decisions.

Asking for and getting a raise can make a significant difference in your financial plan for years to come. In this episode, Tim Ulbrich walks through a five-step playbook with practical tips and strategies to help you confidently ask for and get the raise you deserve. Episode Summary Asking for and getting a raise can make a massive difference in your financial plan, not just today, but for years and even decades to come. For many pharmacists, the thought of walking into their boss's office and asking for more money can feel as unpleasant as getting a cavity filled. It's uncomfortable, awkward, and full of "what ifs": What if they say no? What if I ruin the relationship? What if they think I'm being greedy? The truth is, most people never get a big raise for one simple reason: they never ask. And that "ask" isn't just about adding dollars to your paycheck. It's about building confidence and advocating for the value you bring to your role. In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, breaks down a five-step playbook with practical examples, real-world negotiation tips, and a few favorite strategies from Chris Voss's Never Split the Difference. Whether you're aiming for your first raise or looking to boost your income long term, this episode gives you the tools to confidently ask for and actually get the raise you deserve. Mentioned on the Show YFP YouTube Channel YFP 384: Beyond Salary: Negotiating Your Value in the Workplace Never Split the Difference by Chris Voss Your Financial Pharmacist

In this special episode, Tim Ulbrich introduces the winners of the YFP Gives scholarship. Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah share their inspiring stories, showcasing the drive, resilience, and vision of the next generation of pharmacy leaders. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD introduces the five recipients of the 2025 YFP Gives Scholarship. These inspiring stories reflect the passion, perseverance, and leadership of the next generation of pharmacy professionals. The 2025 YFP Gives scholarship winners are Deja Preusser, Zipporah Williams, Michaela Martin-Worley, Julia Miller, and Mildred Asamoah. Now in its second year, the YFP Gives Scholarship provides each winner with a $1,000 scholarship, 1-year access to YFP+, a copy of Seven Figure Pharmacist, and a 1:1 Ask Me Anything session with Tim Ulbrich or Tim Baker. Mentioned on the Show YFP YouTube Channel YFP Gives Your Financial Pharmacist

Buying a home can feel overwhelming, especially for pharmacists facing student loans, rising rents, and high interest rates. Tony Umholtz, mortgage loan officer at First Horizon, shares a realistic path to homeownership, even in today's challenging real estate environment. This episode is brought to you by First Horizon. Episode Summary Buying a home as a first-time buyer in today's market can feel overwhelming, especially for pharmacists juggling student loans, high rents, and rising interest rates. In this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich is joined by Tony Umholtz, mortgage loan officer with First Horizon Bank, to share a realistic path to homeownership, even in today's challenging real estate environment. You'll learn: ✅ How today's lending environment impacts first-time buyers ✅ The role student loan repayment changes play in qualifying for a mortgage ✅ Strategies to make homeownership more attainable for pharmacists ✅ Why the door to buying a home may be more open than you think Whether you're planning to buy in the next few months or just starting to explore your options, this conversation will help you feel informed, empowered, and ready to take your next step toward owning a home. About Today's Guest Tony Umholtz is the Senior VP of Mortgage Banking at First Horizon. He graduated Cum Laude from the University of South Florida with a B.S. in Finance from the Muma College of Business. He then went on to complete his MBA. While at USF, Tony was part of the inaugural football team in 1997. He earned both Academic and AP All-American Honors during his collegiate career. After college, Tony had the opportunity to sign contracts with several NFL teams including the Tennessee Titans, New York Giants, and the New England Patriots. Being active in the community is also important to Tony. He has served or serves as a board member for several charitable and non-profit organizations including board member for the Salvation Army, FCA Tampa Bay, and the USF National Alumni Association. Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman's Guide, Mortgage Executive magazine, and Mortgage Originator magazine. Mentioned on the Show YFP YouTube Channel YFP 416: Student Loan Changes: Key Takeaways from the Big Beautiful Bill Learn More About First Horizon's Pharmacist Home Loan Your Financial Pharmacist

Cory Jenks, a pharmacist-turned-author, and his wife Cassie, a remote pharmacist, share their transformative journey since adopting a Coast FI strategy five years ago. They discuss balancing saving for the future with enjoying life today while raising three young kids. Topics include their career shifts to part-time work, the emotional complexities of financial independence, and how intentional spending has impacted their family life. They reflect on the joys of daily rituals and the importance of creating meaningful memories amidst their financial planning.

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!