Your Financial Pharmacist

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Carol in Missoula, MT: How and when should I make extra payments on my student loans? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Learn More About Our 1:1 Student Loan Analysis with a CFP® Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures 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.

Marissa Deuel, PharmD, shares her experience in the first cohort of the None to One Group Coaching Program and her successful approach to investing in real estate. Key Points From This Episode An introduction to today’s guest, Marissa Deuel. Marissa's pharmaceutical background and her connection to the hosts.  The motivation behind Marissa’s property investment. The clear criteria to filter through potential properties. Why you should always check your numbers before investing.  The vetting, offering, and negotiation process when purchasing a property.  How to manage the emotions behind a business transaction. A rehab plan to maximize the value of and rent of a property. Marissa’s recipe for successful renovations. How to self-manage and budget your own property. A look into the “None to One” course. How to start planning and walking the path of real estate investing. The most useful resources for your real estate journey.  Links Mentioned on Today’s Episode None to One Group Coaching Program Apply for the next None to One Group Coaching Program YFP Real Estate Investing Podcast Email Marissa Deuel: mdeuel0605@gmail.com Connect with Marissa Deuel on Facebook Connect with Marissa Deuel on LinkedIn YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Tony Umholtz talks through how to determine how much home you can afford. Key Points From This Episode An overview of today’s guest, Tony Umholtz. How the real estate purchase market has not slowed down but refinancing has.  Why we are in a seller’s market.  What rate hikes mean and the impact they have on mortgage rates.  The impact inflation will have on rates.  Why locking as soon as possible is preferable when purchasing a home.  What the 28-36 rule is.  What banks consider when you apply for a home loan and what factors are more important. How the appraisal gap affects the market.  The importance of considering expenses, fixed and variable, other than the loan. How insurance changes depending on what part of the USA you are in.  The danger of over-committing to personal property insurance. The effect of property value on tax and how that changes from state to state. An overview of the pharmacist home loan product Tony offers through First Horizon.  Links Mentioned in Today’s Episode Learn More About First Horizon’s Pharmacist Home Loan and Start the Pre-Approval Process YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 245: Getting Under Contract in a Competitive Home Buying Market Apply for the Pharmacist Home Loan Your Financial Pharmacist Disclaimer and Disclosures

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Jordan in Columbus, Ohio: How can I balance home buying with student loans? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Your Financial Pharmacist: Home Buying Three Strategies for Buying a House with Student Loans Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures 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.

Tony Guerra, MHCI, PharmD discusses how he has built his real estate investment portfolio and how he is using those investments to build generational wealth.  Key Points From This Episode Tony’s professional background as a pharmacist. What motivated Tony to begin investing in real estate. Learn the value of intergenerational wealth and knowledge. What Tony’s approach ultimately aims to achieve through finance and investing. A brief rundown of Tony’s real estate investment background and his current portfolio. Tony shares his approaches to finance and real estate investing. The benefits of fewer and in-demand properties: financial reassurance. Why it is essential to get advice when deciding on a real estate investment. How Tony approaches managing his properties from day to day. The benefits of having handy tenants. When Tony thinks it is the best time to start investing in real estate. What qualities he thinks an experienced real estate agent should have. Tony shares how his love for running helps him decide on real estate investments. Some tips and advice for people interested in purchasing real estate. Outline of Tony’s strategy to combine his pharmacy and real estate experience. A resource that he has found the most useful in his real estate journey. Links Mentioned on Today’s Episode Pharmacy Residency Podcast Tony PharmD Youtube The Ramsey Show Finding Your Unicorn Job for Pharmacists: Financial Freedom, Flexible Hours, and Personal Fulfillment Beyond the Pharmacy Counter (Pharmacist Residency and Career Series Book 6) by Tony Guerra Buffini & Company: Real Estate Coaching & Training Work by Referral: Live the Good Life! Proven Strategies for Success and Happiness in the Real Estate Business by Brian Buffini and Joe Niego Email Tony Guerra: tonythepharmacist@gnail.com YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

Dr. Kimber Boothe, PharmD, MHA, talks about her career in health systems and the pharmaceutical industry, why she founded the Kimber Boothe Group, how she has monetized her expertise, and the lessons she’s learned from publishing her second book, ‘Pharmfluencers: The Inspiring Stories of Pharmacy Entrepreneurs.’ Key Points From This Episode Dr. Boothe’s career path in pharmacy, from clinical roles to leadership and consulting.  Defining intrapreneurship versus entrepreneurship. The pros of allowing for intrapreneurship within an organization. Why Dr. Boothe believes pharmacy can do more with more. The genesis of The Kimber Boothe Group and the problems it aims to solve. Dr. Boothe’s growth goals. The importance of being intentional about career development. The purpose of Dr. Boothe’s book, Pharmfluencers, and the information it contains. Ways to monetize your knowledge and expertise in the pharmacy industry. The power of mindset and tips for shaping a positive mindset. The four levels of relationships and why Dr. Boothe believes having a coach is critical. Dr. Boothe’s transition from being a solopreneur to hiring and filling positions. Links Mentioned in Today’s Episode KimberBoothe.com Pharmfluencers: The Inspiring Stories of Pharmacy Entrepreneurs by Kimber Boothe YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance Medipreneurs Pharmovation: Advocate for Resources, Advance Pharmacy Practice, & Accelerate Your Pharmacy Career by Kimber Boothe ActionCOACH Business Coaching Connect with Kimber Boothe on LinkedIn Your Financial Pharmacist Disclaimer and Disclosures

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Blake in Indianapolis, IN: How should I adjust my budget to prepare for my first child? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning How To Prepare Financially When Expecting 5 Key Financial Moves to Make with a New Baby Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures 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, PharmD and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP do another deep dive, this time covering how to navigate the major milestones in the real estate purchase process and planning for closing day. Key Points From This Episode Discussion about some of the worries and issues surrounding closing a deal. The difference in approach when buying a property for yourself or as a realtor. Outline of today’s topic: things that need to happen right before closing day. Key milestones in the process of purchasing a property. The basics of a purchase agreement between the buyer and the seller. We learn about the inspection processes and the different types involved. Ways in which you can handle the results of the inspection process. Benefits when using a qualified inspector/contractor for the inspection process. Why the process of identifying the correct titleholder is so important to closing. Examples of some of the hidden costs when closing a purchase on a property. Differences in process when buying a property in different states. Two important questions should ask when closing a deal on a property. Tips on what to look for when taking-out insurance on your new property. Why you should consider using a lockbox for your new property. Links Mentioned on Today’s Episode Download The Pharmacist’s Guide to Real Estate Investing YFP Real Estate Investing Join the YFP Real Estate Investing Facebook Group Your Financial Pharmacist Disclaimer and Disclosures

YFP Planning Financial Planner, Kimberly Bolton, CFP® discusses why the CFP® designation is the most valuable credential when providing comprehensive financial planning, why the term financial planner in and of itself doesn’t mean a whole lot, what questions you can ask to find a planner who is a good fit for you, and what someone can expect when working with a financial planner. Key Points From This Episode Background on Kim’s professional journey to becoming a CFP®. What inspired her to pursue a career in financial planning. We find out about the work that Kim is currently involved with at YFP Planning. Why the YFP team believe so much in the CFP® designation. Some examples of how comprehensive the CFP® training is. How working with a certified CFP® is beneficial for the client. Kim tells us what is required to enter the CFP® course. What people taking the CFP® board exam can expect. Learn about the experience requirement needed after passing the exam. The expected ethical standards once you are certified. Differences in the types of CFP® planners in terms of fees and services. A brief breakdown of the different fee structures associated with CFP® planners. Examples of good questions to ask a financial planner to ensure they are the right fit for you. Kim shares a success story about working with a CFP®. Links Mentioned in Today’s Episode YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Refinance Your Student Loans with Splash Financial YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven Retirement Plans: Last Week Tonight with John Oliver (HBO) Download the Free Guide - Nuts & Bolts to Hiring a Financial Planner YFP 054: Why Fee-Only Financial Planning Matters YFP Planning: Why YFP? Your Financial Pharmacist Disclaimer and Disclosures

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from Megan in Columbus, OH: Should we pay off our student loans now or wait to see if the Biden Administration forgives any loans? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven Learn More About Our 1:1 Student Loan Analysis with a CFP® Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures 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.