Your Financial Pharmacist

Alex Barker, CEO and Founder of The Happy PharmD returns to break down trends in the pharmacy job market. Summary In this episode, we welcome back Alex Barker, PharmD, Founder and CEO of The Happy PharmD. Alex shares an update on trends in the pharmacy job market, including his outlook on the trajectory of the profession, projecting into the landscape of 2024 and beyond. He shares his thoughts on the #pharmageddon movement, with recent walkouts and efforts to unionize making headlines. He also breaks down a recent survey he posed on LinkedIn that shows the desire for more remote work opportunities and more pharmaceutical industry roles. About Today's Guest Dr. Alex Barker is the CEO and Founder of The Happy Pharm D, a nationwide coaching firm guiding pharmacists to inspiring careers and more fulfilling lives. Alex is an accomplished public speaker, a published author and teacher. Since 2017, his coaching program and career development seminars have guided over 2,000 pharmacists into new jobs and roles they love. His book Indispensable: A prescription for a fulfilling pharmacy career, has motivated countless pharmacists to love pharmacy again. Alex is a husband and the proud father of two daughters. He loves drinking coffee and eating good guacamole (though not at the same time). When he isn’t working, which happens occasionally, he plays Nintendo, Dungeon & Dragons, and reads comics. Mentioned on the Show The Happy PharmD  Alex Barker on LinkedIn The War On Normal People by Andrew Yang Subscribe to the YFP Newsletter

In this Pharmacy Innovators episode, sponsored by First Horizon, Dr. Adam Martin joins Dr. Corrie Sanders to share keys to success and living at a high level. Summary On this episode in our Pharmacy Innovators series hosted by Corrie Sanders, PharmD, we get a masterclass from Tony Robbins coach Adam Martin, PharmD.  You’ll want to get our your journal to write down the wisdom Adam shares.  He dives deep into the keys of success and living life at a higher level, emphasizing the importance of having fun in your journey to success. The message is clear: if you're not having a blast, you might be doing it wrong. Are you in the right environment? Are external influences steering you off course?  Success leaves clues, and Adam shares a powerful tip for achieving it quickly: proximity. The three-step mantra is simple—get close to people playing the game at the level you aspire to.  A must listen episode for everyone looking to become their best self and living life as it was intended! About Today's Guest As a Tony Robbins Results Coach and Business Results Trainer, my focus is not only on where you want to be, but also on recognizing the value of the space you’re currently in—the space between where you used to be and where you desire to go. It is within this space that growth and transformation happen, and my role is to leverage the progress you’ve already made to propel you towards the results you truly deserve. I am dedicated to helping individuals achieve unprecedented levels of success and transformation, all while ensuring that the process is enjoyable and fulfilling. Creator of The Fit Pharmacist, I host the weekly Script Your Confidence Podcast. As a doctorate in pharmacy having written multiple authored books, along with running my own speaking business and being certified as a personal trainer and nutrition consultant, I possess over a decade of experience working with high-level clients. I have honed my expertise in guiding clients towards their goals, overcoming limitations, and maximizing performance through a deep understanding of human behavior and performance. My coaching approach is results-focused, action-oriented, and tailored to the unique needs and aspirations of each client. My clients come from diverse backgrounds, including entrepreneurs, healthcare professionals, executives, athletes, and individuals seeking personal growth and fulfillment. I am committed to creating a results-driven coaching environment where they can transform burdens into blessings by mastering the art of resourcefulness and overcoming past obstacles. I utilize cutting-edge tools and strategies from Tony Robbins’ proven methodologies, combined with my insights and expertise from implementing his material in my own life. This combination facilitates powerful shifts and helps individuals unlock the next level of their potential. My mission is to coach you to unlock your full potential, live a life of personal excellence, amplify your impact, and create a future that surpasses your wildest dreams. Mentioned on the Show Awaken the Giant Within Tony Robbins Coaching Website – Team Adam Martin Dr. Adam Martin LinkedIn Blueberry Pharmacy Subscribe to the YFP Newsletter

Explore real estate investing highs and lows with Steven Nguyen as he shares about risk management and his experience investing in a mobile home park. Episode Summary In this episode of Your Financial Pharmacist Real Estate Investing Podcast, we explore the highs and lows of real estate investing with a seasoned expert. Our guest, Steven Nguyen, PharmD shares key strategies for navigating challenges, emphasizing the critical elements of risk management and scaling. He provides a firsthand account of renovating a 20-unit apartment complex, highlighting the role of hard money lenders and the intricacies of cash-out refinancing in a rapidly evolving market. Steven also candidly shares the lessons learned from owning a mobile home park, offering a rare glimpse into the challenges that arise in this unique sector. About Today's Guest Steven Nguyen graduated from pharmacy school in 2013 and has worked as an inpatient pharmacist in California for the first four years and then as a pharmacy director for the last five years. From 2013 to 2017, he focused on paying off over $250,000 in pharmacy school debt, and once paid off, he shifted his focus to real estate. Steven started house-hacking single-family homes for three years, then quickly realized that it wasn't scalable. He transitioned to commercial real estate, focusing on apartment complexes and mobile home parks. Steven started a direct mailing campaign and acquired a 26-unit apartment complex and 200-lot mobile home park in 2021 and a 20-unit apartment complex in 2022. Steven Nguyen is based in California but invests predominantly in Oklahoma and Alabama. Steven has a buy-and-hold philosophy and likes to force appreciation via value add strategies and then execute a cash-out refinance to pull out money tax-free, so he can continue to buy more real estate. Over the past five years, Steven has built a real estate investment portfolio of close to 90 units and was able to scale that portfolio while working full-time as a pharmacy director without any partners. Mentioned on the Show YFP REI Ep 86 LoopNet Connect with Steven Nguyen on YouTube Follow Steven Nguyen on Instagram: @makingmultifamilymoney Follow Steven Nguyen on TikTok: @makingmultifamilymoney

Explore philanthropic insights with Tom Dauber, Founder of Abundant Vision, covering donor considerations, impact assessment, and affluent traits. Summary Curious about donating to nonprofits and giving financial gifts in general? This week we welcome Tom Dauber, Founder of Abundant Vision Philanthropic Consulting. In our interview, Tom shares his knowledge gained from over two decades of involvement in fundraising initiatives and campaigns, offering valuable perspectives to consider when contributing to an organization or cause. He sheds light on the vital questions that prospective donors should examine before making substantial contributions, how to determine the alignment of the gift with the potential impact, and the defining characteristics of wealthy donors, including their career paths, educational backgrounds, and wealth acquisition strategies.  About Today's Guest Tom solicited his first “major gift” at age 17 and ran his first fundraising event the following year. After receiving his BFA from Bowling Green State University in 1998, he began his career in non-profit sector. Over the past decade Tom has directed teams responsible for $120M in fundraising initiatives and campaigns. his experience spans faith-based, health science and health system fundraising. From 2005-2019 Tom was the Chief Development Officer for The Ohio State University College of Pharmacy. During his tenure, he grew pharmacy fundraising revenue by 40% annually, taking them from $1.5M annually to over $10M. Tom oversaw alumni affairs, corporate engagement, communications and fundraising for the school and served as President of the AACP Advancement Special Interest Group. Today Tom is the President of Abundant Vision Philanthropic Consulting. He began the company to help small and medium size foundations benefit from high caliber fundraising expertise. Tom is a life-long resident of Central Ohio, growing up just outside of Columbus in rural Johnstown. These days he lives in Westerville, Ohio with his wife Tracey Papenfuss DVM, PhD. Together they have four kids, three dogs and two cats. Mentioned on the Show Thomas Dauber on LinkedIn Abundant Vision Philanthropic Consulting Bowling Green State University Central Iowa Youth for Christ Ohio State University at the College of Dentistry Tax Exempt Organization Search YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Ulbrich on LinkedIn Subscribe to the YFP Newsletter

On this episode, sponsored by First Horizon, YFP Director of Tax, Sean Richards CPA, EA, summarizes a tax checklist for small business owners. Summary Too many of us are caught in the trap of only looking at taxes during tax season. As a small business owner, missing the tax mark can have significant consequences in the form of surprise payments due, missed deductions and credits, and constantly wondering if there is something else you should be doing.  So whether you are a seasoned business owner or just starting, on this week's episode, sponsored by First Horizon, YFP Director of Tax, Sean Richards, CPA, EA walks us through a small business owner tax checklist including eight key areas that demand your attention. He touches on the fundamentals of bookkeeping, qualified deductible expenses, the benefits of financial projections to make estimated payments, the significance of S Corp status, insights on determining your owner's compensation, and much more. Mentioned on the Show Sean Richards on LinkedIn  First Horizon’s Pharmacist Home Loan  Profit First  Simple Numbers, Straight Talk, Big Profits!  YFP Tax Tim Ulbrich on LinkedIn  Subscribe to the YFP Newsletter YFP Disclaimer  

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP®, RICP®, takes a question from an individual in the YFP Facebook Group. Mentioned During the Show YFP Facebook Group YFP Life Inusurance for Pharmacists: The Ultimate Guide Submit Your Question Have a question you would like us to feature on an upcoming episode? Send us an email at info@yourfinancialpharmacist.com or record your question at www.yourfinancialpharmacist.com/askyfp   Your Financial Pharmacist Disclaimer and Disclosures 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. For more information visit https://yourfinancialpharmacist.com/disclaimer/

On this episode, sponsored by Pyrls, Lan Ho, PharmD, Founder of Fat Miilk, shares her journey going from pharmacist to full-time entrepreneur featured on Gordon Ramsay’s Food Stars. Summary Joining us this week on the YFP Podcast is Lan Ho, PharmD, Founder of Fat Miilk Vietnamese Coffee Company based in Chicago, Illinois. Tune in as we dive into her career journey in pharmacy before she shares why she started Fat Miilk, what she learned after appearing on Gordon Ramsay’s Food Stars, the most important thing she’s learned about herself since starting the business, and what lies ahead for Fat Miilk in the coming years. We discuss every step of Lan’s incredible journey to full-time entrepreneurship which began with an unexpected furlough from a retail pharmacy position in in 2020. We explore the rewards available when you are willing to take a risk, the biggest areas of growth she has experienced along the way, and why she is choosing a clicks-to-bricks approach to building her business. About Today's Guest Lan Ho is a first-generation Vietnamese American who made a bold career change from pharmacist to beverage entrepreneur after being furloughed during the pandemic. She pivoted to pursue her dream and successfully launched Fat Miilk - Chicago's first Vietnamese CPG coffee company. The brand saw instant global recognition when Bon Appetit listed Fat Miilk on their "Highly Recommend" list. Fat Miilk can be found in publications, including Eater, TimeOut, Thrillest, Roast Magazine, and more. Lan is recognized as a thought leader in consumer branding, customer experience, CPG, and the coffee industry. She was recently a finalist on Gordon Ramsay's Food Stars on FOX network, where she represented her brand, leadership, and entrepreneurial story. Lan is currently expanding Fat Miilk's reach through e-commerce and with Chicago's first Vietnamese coffee bar showcasing a full cultural experience. She aims to inspire more minority representation in mass media, entrepreneurship, and executive roles. Mentioned on the Show Lan Ho on LinkedIn Lan Ho on X Lan Ho on Instagram Fat Miilk Vietnamese Coffee  Gordon Ramsay’s Food Stars Truffl Pyrls YFP Planning: Fee-Only Financial Planning for Pharmacists YFP Disclaimer Tim Ulbrich on LinkedIn Subscribe to the YFP Newsletter  

Loan officer Jack Bowers (NMLS# 1957264) joins the show to talk about the evolving lending landscape and changes in house hacking investing. Episode Summary As we near the end of 2023 and anticipate 2024, the lending landscape is undergoing significant changes. Conventional mortgage underwriting guidelines are evolving, impacting down payments and cash-out refinance considerations, especially for owner-occupants in small multifamily houses. Today, we're joined by Jack Bowers (NMLS# 1957264), a loan officer from Union Home Mortgage, who provides some key insights into these changes. In our conversation, we explore historical interest rates in relation to where they are now, house hacking, and corresponding lending options, along with nuances in different loan programs. Jack also outlines Ohio-specific programs for first-time homebuyers and walks us through a practical example. He advises on buying fixer-uppers and the shifting cash-out refinance strategy, and shares valuable advice for those considering the real estate investment journey! About Today's Guest Jack Bowers is a Loan Officer with Union Home Mortgage who has been in the mortgage industry for over 3 years and has helped hundreds of families directly & through his work on a top-producing team. Jack grew up in Northeast Ohio and earned his Bachelor of Science (Major in Fashion Merchandising, Minor in Marketing) from and played rugby for Kent State University. Mentioned on the Show Jack Bowers on LinkedIn Jack Bowers Email Jack Bowers Phone — (330) 848-7203 Union Home Mortgage Ohio Housing Finance Agency Ohio Heroes Grants for Grads Program Apply for Grants for Grads YFP REI 95: Investing Ideas: House Hacking, 401k Real Estate, and Glamping YFP REI 85: Pharmacist House Hacking in a HCOL State YFP REI 30: Short-Term Rental House Hacking YFP REI 10: Getting Started Through House Hacking Your Financial Pharmacist YFP Real Estate Investing Facebook Group  

On this episode, Jackie Boyle, PharmD, MBA and Paul Boyle share their journey paying off $208k of student loans.  Summary Debt can be an overwhelming weight on one's shoulders, but imagine paying off an astounding $208,000 of it! This week on the podcast, we are joined by the inspirational duo, Jackie and Paul Boyle. They recount their journey from being neck-deep in student loans to paying them off entirely. This episode delves into their personal and collective strategies, their highs and lows, the financial compromises made, and how they kept the momentum to reach the finish line. From Paul's decision to be a stay-at-home dad to Jackie's reflections on missed opportunities with the PSLF program, their experiences provide invaluable insights for anyone navigating their own debt repayment process. We also dive into the emotional and financial challenges they encountered, especially when transitioning to a single-income household. Yet, their story isn't just about the hurdles; it's brimming with actionable takeaways and advice for those on similar paths. As Paul and Jackie demonstrate, with determination, strategic financial planning, and mutual support, even the heftiest of student loans can be overcome. So whether you're struggling with student loans, seeking motivation, or just curious about the Boyles' debt-free journey, this episode is a must-listen. Join us and discover how you too can rewrite your financial story! About Today's Guest Jackie Boyle is a pharmacy educator by day and coaches pharmacists and pharmacies in a part-time capacity. She received her Doctor of Pharmacy from Northeast Ohio Medical University in 2012, MBA from University of Findlay in 2016, and Master and Bachelor degrees from THE Ohio State University (O-H!) She is highly involved in professional organizations including ASHP and AACP, and also loves spending time with her husband and two daughters, Gianna and Giulia. In her free time, she loves spinning, yoga, and enjoying a warm cup of coffee. Paul Boyle is a Client Service Associate out of the Cleveland, Ohio area where he has had a diverse career of over 20 years, mostly taking care of customers and clients in various fields of service ranging from manufacturing to professional baseball. He received a Bachelor’s degree in Sport Management from The University of Akron in 2020, while taking time away from the workforce to raise his children. Paul spends most of his free time with his wife, Jackie, and two daughters, Gianna and Giulia. An avid Cleveland sports fan, musician and aspiring podcaster. When not supporting his local teams he likes to enjoy the occasional motorcycle ride, which is another longtime passion.  Mentioned on the Show Jackie Boyle on LinkedIn Paul Boyle on LinkedIn YFP Planning: Fee-Only Financial Planning for Pharmacist Subscribe to the YFP Money Matters Newsletter

On this episode, sponsored by FirstHorizon, Brenna Roth, MD, MPH, shares her journey having over $550k of student loans forgiven tax-free via PSLF. Summary Are student loan forgiveness programs a beacon of hope for graduates drowning in debt? Joining us this week is Brenna Roth, MD, MPH; a physician who achieved an incredible financial milestone - over $550,000 of student loans wiped clean through the Public Service Loan Forgiveness (PSLF) program. In our conversation, Brenna discusses her background in medicine, the accumulation of her student loan debt, her initial feelings about the debt, and her journey to tax-free forgiveness. She also shares advice for individuals facing high student loan debt and considering PSLF as an option. We also unpack the challenges of dealing with loan servicing companies, the impact of the COVID-19 payment freeze, and the benefits of lower monthly payments through income-driven repayment plans for those pursuing PSLF. If you're curious about the PSLF program or facing significant student loan debt, Brenna's inspiring story sheds light on the potential benefits of pursuing loan forgiveness and highlights the changing landscape of student loan repayment.  About Today's Guest Brenna Roth, MD, MPH is an infectious disease doctor and public health specialist who works in academic global health and research. She lived and worked in Tanzania for 3 years and has continued to work on international programs and research projects across sub-Saharan Africa since. She has successfully navigated the Public Service Loan Forgiveness Program across multiple loan servicers, jobs, and continents. Mentioned on the Show Brenna Roth, MD, MPH on LinkedIn Federal Student Aid YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven Episode Sponsor: First Horizon  YFP Planning: Fee-Only Financial Planning for Pharmacists Tim Baker on LinkedIn Tim Ulbrich on LinkedIn YFP Disclaimer Subscribe to YFP Newsletter