Your Financial Pharmacist
The Your Financial Pharmacist Podcast is designed to empower pharmacy professionals to take control of their personal finances. Disclaimer: The information on this website is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. For more information, visit https://yourfinancialpharmacist.com/disclaimer
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YFP 429: How This Pharmacist Saved 50% of His Income & Built a Life of Freedom
11/20/2025
YFP 429: How This Pharmacist Saved 50% of His Income & Built a Life of Freedom
Pharmacist and entrepreneur Peyton Gilbert shares how intentional living, saving 50% of income, and family business ownership created flexibility and freedom. Episode Summary In this episode of the YFP Podcast, Tim Ulbrich sits down with Dr. Peyton Gilbert—a pharmacist, entrepreneur, and small-business owner whose story is a masterclass in intentional living. Peyton shares how he and his wife saved and invested over 50% of their income early in their careers, the mindset shift that allowed them to build a strong financial foundation, and how living “like a resident” created flexibility for major life decisions. What you'll learn in this episode: How Peyton and his wife saved over 50% of their income early in his career—and the mindset that made it possible. Why living “like a resident” for a season can create massive long-term financial flexibility. How Peyton navigated buying a home in a high-interest-rate environment and what he learned along the way. The story behind taking over his family’s small business and how he balances entrepreneurship with a full-time industry role. How his mother’s cancer journey shaped his purpose, career path, and the way he defines a “rich life” today and tomorrow. Mentioned on the Show (Book) So Good They Can’t Ignore You by Cal Newport (Book) The Millionaire Next Door by Dr. Tom Stanley (Book) Die With Zero by Bill Perkins First Horizon White Coat Investor
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YFP 428: Pay Off the Mortgage Early or Invest?
11/06/2025
YFP 428: Pay Off the Mortgage Early or Invest?
Tim & Tim discuss whether to pay off your mortgage early or invest, breaking down math, mindset, and goals for 2025’s financial landscape. This episode is brought to you by First Horizon. Episode Summary In this episode of the YFP podcast, co-hosts Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® revisit the frequently asked question: 'Should I pay off my mortgage early or invest the difference?' They discuss how the changing financial landscape, including rising interest rates, market volatility, and inflation, impacts this decision in 2025. They explore the math, emotional factors, and personal financial goals to provide a balanced approach. What you'll learn in this episode: How to evaluate whether paying off your mortgage early or investing the difference makes more sense in today’s higher-rate environment. Why the math (interest rates, investment returns, tax impact) and the emotion (stress, freedom, flexibility) both matter when making this decision. How shifts in interest rates, inflation, and cash flow pressures since 2018 change the calculus for pharmacists in 2025. The role of discipline and behavior—why “investing the difference” only works if you actually do it. How a financial planner helps balance data and emotion to build a plan that aligns with your goals, values, and risk tolerance. Mentioned on the Show
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YFP 427: Passive vs Active Investing: Is the Debate Over?
10/31/2025
YFP 427: Passive vs Active Investing: Is the Debate Over?
Tim & Tim unpack passive vs. active investing, fees, behavior, and why YFP takes an “actively passive” approach to help pharmacists reach goals. Episode Summary In this episode of the YFP podcast, co-hosts Tim Ulbrich, PharmD and Tim Baker, CFP®, RICP®, RLP® dive into the ongoing debate of passive versus active investing. They break down the definitions of each strategy, discuss where each might fit into a pharmacist's financial plan, and analyze the impact of fees and behavioral factors. Drawing insights from Charles Ellis's The Index Revolution and Dr. Daniel Crosby’s The Behavioral Investor, they explore YFP's own investment philosophy and the benefits of an actively passive approach. The episode covers the importance of long-term planning, the impact of fees on investment returns, and why human behavior often works against successful investing. Tune in to see why YFP advocates for a passive approach while actively managing portfolios to align with clients' financial goals. What you’ll learn in this episode: The key differences between passive and active investing—and where each approach fits within a pharmacist’s financial plan. How investment fees and human behavior can significantly impact long-term returns. Why YFP believes in an “actively passive” investment philosophy that balances discipline with adaptability. Practical takeaways from The Index Revolution and The Behavioral Investor to help you become a more confident, informed investor. Mentioned on the Show The Index Revolution by Charles Ellis The Behavioral Investor by Dr. Daniel Crosby
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YFP 426: Income Is a Vanity Metric: Here’s What Really Matters
10/16/2025
YFP 426: Income Is a Vanity Metric: Here’s What Really Matters
Are you measuring your financial success by the wrong metric? In this episode, Tim Ulbrich, PharmD, dives into why income can be misleading and why net worth is the true measure of financial progress. This episode is brought to you by First Horizon. Episode Summary Are you measuring your financial success by income alone? In this episode, Tim Ulbrich shares the wake-up call that changed everything for him: despite earning a six-figure pharmacist salary, his net worth was negative $225,000. Tim dives into why income is a vanity metric and why tracking net worth is the key to true financial progress. He breaks down the difference between income and net worth, why net worth matters more, and four powerful reasons to make it a monthly habit. What you’ll learn in this episode: The wake-up moment that shifted Tim’s financial mindset Why income alone doesn’t reflect real progress How tracking net worth builds momentum, clarity, and motivation Practical tips for measuring what truly matters Mentioned on the Show
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YFP 425: Beyond the Numbers: Life Planning for Retirement
10/09/2025
YFP 425: Beyond the Numbers: Life Planning for Retirement
Retirement isn’t just about the numbers. Tim Ulbrich, PharmD and Tim Baker, CFP® and Registered Life Planner, explore how life planning can help you design a retirement filled with purpose, meaning, and fulfillment, not just financial security. Episode Summary When it comes to preparing for retirement, most conversations focus on the financial side—things like income planning, Social Security timing, withdrawal strategies, and tax-efficient investing. But true retirement readiness goes beyond the numbers. In this episode, Tim Ulbrich, PharmD, is joined by Tim Baker, CFP® and Registered Life Planner, to explore how life planning can help you design a retirement that’s rich with meaning, purpose, and fulfillment, not just financial security. As you step away from decades of work—often after raising kids, building a career, and living within a structured routine—you enter a new phase of life where the biggest challenges aren’t just financial, they’re personal. Who are you now? What does your ideal day look like? How do you make this season of life one that aligns with your values and brings you joy? In this episode, you’ll learn: What life planning is and how it complements financial planning How to navigate the personal and emotional transition into retirement Practical ways to align your money with your values and goals How to create a vision for a fulfilling and purpose-driven retirement Whether you’re approaching retirement or simply thinking ahead, this conversation will help you see how life planning can make the next chapter not only financially sound but deeply satisfying. Mentioned on the Show
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YFP 424: Can a Pharmacist Save $1 Million by 40?
10/02/2025
YFP 424: Can a Pharmacist Save $1 Million by 40?
Is it possible for a pharmacist to save $1M by 40? In this episode, we break down the math, explore money mindsets, and share my journey from –$225K in debt after residency to reaching millionaire status with practical strategies to build wealth. Episode Summary In this episode, we tackle one of the most common (and debated) money questions: Is it realistic for a pharmacist to reach $1 million by age 40? YFP Co-Founder & CEO, Tim Ulbrich, PharmD breaks down the math, explores the mindset shifts that matter most, and shares some of his own story of going from –$225,000 in net worth after residency to crossing the seven-figure mark. You’ll learn: ✅ How to calculate what it actually takes to hit $1M ✅ Why your money beliefs may help or hold you back ✅ Strategies like automating savings, tracking net worth & boosting financial IQ ✅ The importance of “playing financial defense” with debt and expenses This episode isn’t just about hitting a number, it’s about what that milestone means for your financial independence, freedom, and peace of mind. Mentioned on the Show
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YFP 423: Creating a Floor to Take Financial Risk
09/25/2025
YFP 423: Creating a Floor to Take Financial Risk
Taking risks with your money, career, or life goals isn’t easy, especially if you don’t feel secure. In this episode, Tim Ulbrich, PharmD, explores how to build both the financial and emotional foundation you need to step out of survival mode and start taking calculated risks with confidence. Episode Summary Without security, it can be difficult to take risks. In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, shares how to build the financial and emotional foundation you need to move past survival mode and take bold, calculated risks You’ll learn: ✅ Why having a financial “floor” is essential before taking risks ✅ How emotional security plays into financial decision-making ✅ Practical steps to create stability so you can pursue opportunities ✅ The balance between playing it safe and going after bold goals Whether it’s investing, starting a new business venture, or chasing a dream, this conversation will help you create the security you need to move forward. Mentioned on the Show
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YFP 422: Common HSA Mistakes and How to Avoid Them
09/11/2025
YFP 422: Common HSA Mistakes and How to Avoid Them
Health Savings Accounts (HSAs) are a modest but mighty tool for healthcare and retirement planning with a rare triple-tax advantage. Tim Ulbrich and Tim Baker share 2025 limits, key benefits, and common mistakes pharmacists make. This episode is brought to you by First Horizon. Mentioned on the Show Episode Summary Health Savings Accounts (HSAs) are a modest but mighty tool for both healthcare and retirement planning, offering a rare triple-tax advantage: tax-deductible contributions, tax-free growth, and tax-free qualified withdrawals. But despite these benefits, many pharmacists aren’t maximizing their HSA—or worse, are making costly mistakes. In this episode of the Your Financial Pharmacist Podcast, Tim Ulbrich and Tim Baker break down: ✅ What HSAs are, how they work, and 2025 contribution limits ✅ Why HSAs can serve as a “stealth” retirement account ✅ Common mistakes like non-qualified expenses and poor record-keeping ✅ How to choose the right HSA provider and designate beneficiaries ✅ Tips for investing your HSA funds for long-term growth Whether you’re just starting out with your HSA or looking to fully optimize this powerful account, this episode is packed with insights to help you avoid pitfalls and maximize your benefits.
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YFP 421: Whole Life Insurance: Do You Need It?
09/04/2025
YFP 421: Whole Life Insurance: Do You Need It?
Tim Ulbrich and Tim Baker tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?” They dive into who needs coverage, common misconceptions, and why the “buy term and invest the difference” strategy may be the smarter approach. This episode is brought to you by APhA. Episode Summary YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?” We’ve seen an increasing number of pharmacists with expensive whole life insurance policies that are often complex, costly, and not always the best fit. In this video, Tim and Tim break down: ✅ Who actually needs life insurance (and who doesn’t) ✅ The role life insurance should play in your financial plan ✅ The key differences between term life and whole life coverage ✅ Why “buy term and invest the difference” can often be the smarter strategy ✅ The conflicts of interest that sometimes drive whole life sales By the end, you’ll better understand the benefits, costs, and misconceptions around whole life insurance so you can make an informed decision about what’s right for your financial future. Mentioned on the Show
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YFP 420: How to Ask for and Get a Raise
08/28/2025
YFP 420: How to Ask for and Get a Raise
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 by Chris Voss
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YFP 419: Shaping the Future of Pharmacy: Meet the 2025 YFP Gives Scholarship Winners
08/21/2025
YFP 419: Shaping the Future of Pharmacy: Meet the 2025 YFP Gives Scholarship Winners
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
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YFP 418: Homebuying Isn’t Out of Reach: A Pharmacist’s Path to Ownership
08/14/2025
YFP 418: Homebuying Isn’t Out of Reach: A Pharmacist’s Path to Ownership
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
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YFP 417: From Coast FI to Living Fully: Cory & Cassie Jenks Four Years Later
08/07/2025
YFP 417: From Coast FI to Living Fully: Cory & Cassie Jenks Four Years Later
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
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YFP 416: Student Loan Changes: Key Takeaways from the Big Beautiful Bill
07/31/2025
YFP 416: Student Loan Changes: Key Takeaways from the Big Beautiful Bill
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
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YFP 415: Breaking Through Burnout, Self-Limiting Beliefs, and the Traditional Career Script with Jackie Boyle
07/24/2025
YFP 415: Breaking Through Burnout, Self-Limiting Beliefs, and the Traditional Career Script with Jackie Boyle
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
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YFP REI 135: How Volatile Is Real Estate Investing?
07/17/2025
YFP REI 135: How Volatile Is Real Estate Investing?
Pharmacists and real estate investors Nate Hedrick and David Bright explore today’s shifting housing market and ask: Is real estate investing less volatile than the stock market? Episode Summary In this episode, pharmacists and real estate investors Nate Hedrick and David Bright break down what they’re seeing in today’s real estate market, from inconsistent pricing strategies to shifting buyer and seller behavior, and explore the bigger question: Is real estate investing less volatile than the stock market? They reflect on how current trends compare to recent years and what that means for investors looking to buy, flip, or hold in 2025. Whether you’re new to real estate or reassessing your strategy in an unpredictable market, this episode offers timely insights to help you invest with more confidence. Mentioned on the Show
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YFP 414: Ask YFP: When Should I Contribute to Roth vs. Traditional Accounts?
07/10/2025
YFP 414: Ask YFP: When Should I Contribute to Roth vs. Traditional Accounts?
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: Mentioned on the Show Email YFP: info@yourfinancialpharmacist.com
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YFP 413: 7 Key Financial Considerations During a Job Transition
07/03/2025
YFP 413: 7 Key Financial Considerations During a Job Transition
Thinking about changing jobs or just got promoted? In this episode, Tim and Tim cover 7 key financial considerations, from negotiating offers to managing benefits, to help you navigate the transition with clarity and confidence. Episode Summary If you recently changed jobs or just landed a promotion, congratulations! A new opportunity, whether internal or external, often brings exciting possibilities…and important financial decisions. In this episode, 7 Key Financial Considerations During a Job Transition, YFP Co-Founder & CEO, Tim Ulbrich, PharmD is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP® to walk you through the most important financial areas to think about when navigating a job change or stepping into a new role. They cover how to: ✅ Evaluate and negotiate a new offer ✅ Understand your updated benefits package ✅ Make a plan for your old 401(k) ✅ Align your new compensation with your financial goals ...and more. Whether you’re in the early stages of a transition or already in your new role, this episode is your financial checklist to move forward with clarity and confidence. Mentioned on the Show
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YFP 412: Does a 1% Fee Really Cost You 25% of Returns?
06/26/2025
YFP 412: Does a 1% Fee Really Cost You 25% of Returns?
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 The Investment Funds Institute of Canada. , November 2022. Email YFP: info@yourfinancialpharmacist.com
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Episode 411: 3 Reasons Pharmacists Are Financially Stuck
06/19/2025
Episode 411: 3 Reasons Pharmacists Are Financially Stuck
Feeling financially stuck despite making a good income? Tim Ulbrich, PharmD, unpacks three common reasons pharmacists hit a financial plateau and how to reframe your thinking about money, income, and possibility. Episode Summary Do you ever feel like, despite making a good income, you should be further along financially? You’ve got the degree, the stable job, the six-figure salary…but you’re not making the progress you hoped for. You feel stuck, and you’re wondering why. In this episode of the Your Financial Pharmacist Podcast, YFP Co-Founder & CEO Tim Ulbrich, PharmD, explores three common reasons many pharmacists feel financially stuck, even with a strong income: A fixed mindset that limits your financial potential A fixed income that hasn’t kept up with inflation or your goals Fixed costs that quietly chip away at your freedom and options This isn’t just a conversation about budgeting or side hustles. It’s about changing how we think about money, income, and what's possible. Whether you're early in your career or feeling stuck mid-way through, this episode will help you gain clarity and take actionable steps toward financial progress. Mentioned on the Show
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YFP 410: Fatherhood and Finance: 5 Lessons My Kids Taught Me About Money
06/12/2025
YFP 410: Fatherhood and Finance: 5 Lessons My Kids Taught Me About Money
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
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YFP 409: Millionaires Think Differently: The Mindset Shift That Changed My Life
06/05/2025
YFP 409: Millionaires Think Differently: The Mindset Shift That Changed My Life
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
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YFP 408: What Should You Do With an Old 401(k)?
05/29/2025
YFP 408: What Should You Do With an Old 401(k)?
What should you do with an old 401(k)? Tim Ulbrich and Tim Baker explore your options, common pitfalls, rollover strategies, and how to make smart moves with old retirement accounts after leaving a job. Summary When you leave a job, what happens to the retirement account you left behind? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, take a deep dive into the important financial decisions surrounding old employer-sponsored retirement plans, such as 401(k)s and 403(b)s. Tim and Tim discuss the impact these often-overlooked accounts can have on your overall financial plan and explore your available options, whether that’s leaving the money in your former employer’s plan, rolling it over to your new employer’s plan, or transferring it to an IRA. They break down the pros and cons of each approach, highlight common mistakes like the “set it and forget it” trap, and explain why understanding fees and account access is so important. The conversation also emphasizes the value of working with a fiduciary advisor and the serious risks of cashing out these accounts too soon. To complement the episode, they introduce YFP’s new guide: , designed to help you avoid costly missteps and feel confident in your next move. Whether you're changing jobs, planning ahead for a career transition, or simply want to be more intentional about your retirement savings, this episode will give you the clarity and guidance you need. Mentioned on the Show YFP Guide: YFP Episode 404:
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YFP REI 134: From Pharmacy To Real Estate: Why This Couple Invests in Raw, Vacant Land
05/22/2025
YFP REI 134: From Pharmacy To Real Estate: Why This Couple Invests in Raw, Vacant Land
Quynh and Tri Vu, two professionals who transitioned from pharmacy and IT careers into real estate, share their journey into investing in raw, vacant land and building Secure Land Co. Summary Quynh and Tri Vu, two professionals who transitioned from pharmacy and IT careers into real estate, share their journey into investing in raw, vacant land in this episode of the YFP Real Estate Investing Podcast. Joined by hosts Nate Hedrick, PharmD, and David Bright, PharmD, Quynh and Tri walk through their early steps in real estate, starting with single-family rentals and moving into the world of short-term rentals like Airbnbs. As their experience grew, so did their ambition, leading them to explore diverse markets and ultimately carve out a niche in the often-overlooked space of raw, vacant land. They break down what makes land investing unique, detailing the due diligence required, the creative value-add strategies they use, and how they evaluate properties with potential. Along the way, they also share how they balanced their demanding careers while building a real estate portfolio, leaned on community and mentorship, and eventually took the leap into full-time investing through their business, Secure Land Co. Whether you’re just getting started or looking to diversify your real estate strategy, this episode offers valuable insights, encouragement, and practical advice from two people who made the leap and never looked back. Mentioned in Today’s Episode
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YFP 407: Ask YFP: Using 529s for Student Loans & Buying Bitcoin Efficiently
05/15/2025
YFP 407: Ask YFP: Using 529s for Student Loans & Buying Bitcoin Efficiently
Tim Ulbrich and Tim Baker answer two questions from the YFP community on using 529 funds for student loans and the most cost-efficient ways to invest in digital assets like Bitcoin. Summary In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO Tim Baker, CFP®, RLP®, RICP®, to answer two insightful financial questions from the YFP community. First, they explore whether it makes sense to use 529 plan funds to pay off student loans. Tim and Tim break down the relevant provisions of the SECURE Act, highlight key limitations and tax implications, and discuss scenarios where this strategy could be beneficial—or not. Next, they tackle a question about buying Bitcoin efficiently. They compare the most cost-efficient ways to invest, including using various platforms, ETFs, and tax-advantaged accounts like IRAs. They also weigh the pros and cons of each approach, including fee structures, accessibility, and long-term considerations. Whether you’re considering how to best use your 529 funds or exploring your first steps into cryptocurrency, this episode provides practical, pharmacist-specific guidance to help you make informed financial decisions. Mentioned on the Show
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YFP 406: Should You Pay Off Your House Early?
05/08/2025
YFP 406: Should You Pay Off Your House Early?
Should you pay off your mortgage early? YFP Co-Founder & CEO, Tim Ulbrich, PharmD unpacks the math, emotions, and big-picture factors in the mortgage payoff debate—plus 5 reasons when it may or may not make sense to pay extra on your mortgage. Summary Should you pay off your mortgage early? It’s a question that comes up often in personal finance—and the answer isn’t always as straightforward as the math suggests. In this episode, YFP Co-Founder and CEO Tim Ulbrich, PharmD, unpacks the numbers, the emotions, and the bigger picture behind this important decision. Using a real-life example and the YFP Early Payoff Calculator, Tim walks through how even small extra payments can shave years off your loan term and save you thousands in interest. But here’s the twist: despite the financial benefits, Tim has personally decided not to pay off his mortgage early. He shares his thought process along with five compelling reasons why making extra mortgage payments might make sense for others. Whether you're deep into your mortgage or just getting started, this episode will help you evaluate your options and make a decision that aligns with your long-term goals. Mentioned in Today’s Episode
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YFP 405: Navigating Retirement Income: How to Turn Assets into a Paycheck
05/01/2025
YFP 405: Navigating Retirement Income: How to Turn Assets into a Paycheck
How do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down three common strategies for building a retirement paycheck — including how each works, who they’re best for, and the pros and cons to consider. Summary How do you turn your retirement savings into a reliable paycheck? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, to explore three common retirement income strategies: the flooring strategy, bucket strategy, and systematic withdrawal strategy. Together, they break down how each approach works, who they’re best suited for, and the pros and cons you should consider. You’ll also hear insights on the emotional and psychological shifts that come with leaving behind a steady paycheck and the importance of building flexibility into your retirement plan. Whether you're approaching retirement or just starting to think about your long-term goals, this episode will help you better understand how to create an income stream from your hard-earned assets. 📅 Ready to work one-on-one with a fee-only financial planner? Schedule a free discovery call at to learn how our team can help. Mentioned on the Show
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YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner
04/24/2025
YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner
Tim Ulbrich, PharmD, and Tim Baker, CFP®, break down how to find the right financial planner—covering what planners really do, how they’re paid, and the questions to ask—so you can move forward with clarity and confidence. This episode is brought to you by . Summary Not sure who to trust with your finances—or if you even need a financial planner? In this episode, Tim Ulbrich, PharmD and Tim Baker, CFP® dive into what a great financial planner does beyond providing investment advice, and how they can help you navigate life’s financial twists and turns. Tim and Tim explain the different types of planners, how to spot someone working in your best interest, and the key questions to ask before hiring one. Plus, they break down common fee structures (like AUM, flat-fee, and hourly), the importance of the CFP® designation, and how to evaluate the return on your planning relationship. Whether you’re hiring a planner for the first time, reevaluating your current setup, or just exploring what’s out there, this episode will give you the clarity and confidence to take the next step. Mentioned on the Show The Investment Funds Institute of Canada. , November 2022.
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YFP 403: Lessons from the Red: Navigating Big Market Dips
04/17/2025
YFP 403: Lessons from the Red: Navigating Big Market Dips
Tim Ulbrich, PharmD, reflects on losing over $100,000 during recent market volatility and shares eight powerful, experience-driven lessons from two decades of investing to help listeners navigate the emotional and practical realities of building wealth. This episode is brought to you by . Summary In this episode, Tim Ulbrich, PharmD gets personal and shares how he lost over $110,000 in just five days. Despite his professional background in personal finance, Tim candidly shares how challenging it was to write those numbers down—highlighting just how emotional and disorienting the recent market volatility can feel, even for seasoned investors. Drawing on two decades of investing experience, Tim unpacks eight key lessons that go beyond theory. These aren’t just ideas from a textbook or strategies he’s shared with clients—they’re principles shaped and reinforced by real-life experience. From understanding loss aversion and the importance of diversification to recognizing one’s own risk tolerance, this episode offers practical insights for navigating the highs and lows of investing with confidence and resilience. Mentioned on the Show
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YFP 402: Building a Legacy: The Family Constitution Blueprint with Julia Myers
04/10/2025
YFP 402: Building a Legacy: The Family Constitution Blueprint with Julia Myers
In this episode, Julia Myers, pharmacist and founder of Generational Wisdom, shares her Family Constitution Blueprint, a tool to help families define values, build traditions, and create a lasting legacy. This episode is brought to you by . Summary In this episode, Tim Ulbrich is joined by Julia Myers, a pharmacist and the founder of Generational Wisdom, a business born out of her own powerful story of transformation. Julia shares her Family Constitution Blueprint, a thoughtful and deeply practical tool that helps families clarify their core values, establish meaningful traditions, and create a vision that lasts for generations. Julia shares: Why identifying your family’s values is a powerful first step toward legacy-building How to translate your intentions into everyday actions, especially in the midst of busy professional and family life And how pharmacists and healthcare professionals can use these principles to create more alignment, connection, and purpose at home Whether you’re raising kids, managing a household, or just want to live with greater intention, this conversation will leave you inspired and equipped to take that next step. About Today's Guest Dr. Julia Myers is an international speaker, founder of Generational Wisdom, and a leading authority on teaching families how to talk to kids about money. Julia received her PharmD from University of Wyoming and her MBA from University of Tennessee. She spent nearly two decades as a board-certified pharmacist and distinguished health care executive before a career-ending diagnosis changed the trajectory of her life. Today, she blends wisdom and common sense to help parents navigate the pressures of raising kids without entitlement. As a mom of five, she brings both insight and authenticity to every stage she steps on. Mentioned on the Show
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