Your Financial Pharmacist Tim Ulbrich and Tim Baker

Tim Ulbrich, PharmD (YFP Co-Founder & CEO) covers five questions that you should ask related to your emergency fund to determine whether or not it is adequately funded and optimized. 
This episode is brought to you by First Horizon.
Summary
This week we’re diving deep into a financial fundamental that often flies under the radar: the emergency fund, also known as the rainy day fund.
Saving for unexpected expenses isn’t easy. It requires discipline, patience, and a leap of faith to stash away money for something you can’t predict. Especially when other financial goals, like paying off debt or investing, are competing for your attention.
In this week's episode, we explore why having an emergency fund is crucial. From unexpected medical bills to home repairs or sudden job loss, life throws curveballs when we least expect it. But having a well-stocked emergency fund isn’t just about having the dollars to cover these surprises; it’s about gaining peace of mind and confidence.
Join host, Tim Ulbrich, PharmD, as he covers 5 questions you should ask related to emergency fund to determine whether or not it is adequately funded and optimized.  Remember, when life throws you a curveball, your emergency fund will be there to catch you. 
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Your Financial Pharmacist First Horizon Pharmacist Home Loan YFP+ Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group YFP Disclaimer

Tim Ulbrich, PharmD (YFP Co-Founder & CEO) digs into how to successfully navigate finances with your partner and shares 25 questions you can use to frame conversations around money.  
This episode is brought to you by First Horizon.
Summary
On this episode, we're talking about love and money! Discussing finances with your spouse, partner or significant other can be tricky sometimes. Tim Ulbrich shares 25 financial discussion questions to help you navigate these important conversations along with a free resource you can download to help get you started. From reflecting on your “money classroom” and the way you were raised to understand money to how you feel about debt, savings, and other important goals, Tim guides you through these important conversations. There is no one-size-fits all to managing finances in a relationship - but sharing the same vision and goals with your partner can set you up for success. This episode is brought to you by First Horizon.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
Money Couple Money Personality Assessment 25 Financial Discussions for Partners I Will Teach You to Be Rich by Ramit Sethi Learn more about YFP Planning First Horizon Pharmacist Home Loan YFP+ Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group YFP Disclaimer

YFP Co-Founder & CEO, Tim Ulbrich, PharmD shares five key elements for building a strong financial foundation after graduation.
This episode is brought to you by YFP+. 
Summary
On this episode sponsored by YFP+, host Tim Ulbrich outlines five key elements for building a strong financial foundation. Whether you are a pharmacy student looking ahead, a soon to be 2024 graduate, or a resident, fellow, or new practitioner trying to find solid financial footing, Tim shares what it means to build a strong financial foundation, no matter where you are in your career.  
With the average pharmacist facing staggering student loan debt and often lacking financial knowledge, Tim shares practical strategies to help pharmacists begin to navigate debt management, investing, insurance coverage and retirement planning.
About Today's Guest
Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education.
Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master’s in Health-System Pharmacy Administration Program.
Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being.
Mentioned on the Show
YFP+ YFP Gives Scholarship Register for This Free Webinar: Your Checklist for Buying a Home in 2024 YFP Budget Template YFP Financial Fitness Test YFP Podcast Episode 165: The Power of a Health Savings Account (HSA) YFP Blog: Why I’m Not Using My Health Savings Account to Pay for Medical Expenses YFP Podcast Episode 272: How Much is Enough (Retirement Planning) YFP Planning Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group YFP Disclaimer
 
 

Dr. Ayush Gupta, founder of MD House Hacking, shares his journey into real estate investing and how it has helped him pursue financial independence.
Summary
In this episode of the podcast, hosts Nate Hedrick and David Bright welcome Dr. Ayush Gupta, a pediatric emergency room physician and seasoned real estate investor and founder of MD House Hacking.
After witnessing his colleagues lose their jobs and investments during the COVID-19 pandemic, Dr. Gupta felt prompted to explore other income opportunities, specifically in real estate investing. Dr. Gupta illuminates the concept of "house hacking" and its financial benefits, drawing from his own experience of purchasing a four-unit building with a minimal down payment and renovating it for profit.
Dr. Gupta shares his journey of acquiring multiple properties, including invaluable tips for negotiating with contractors, finding and financing deals, scaling investments and navigating market conditions.
About Today's Guest
Dr. Ayush Gupta, is a Pediatric Emergency Medicine Physician. He was born and raised in India. He moved to the US in 2012 to complete his Residency and Fellowship. Soon after Fellowship, he moved to New Orleans where he works Full time in the emergency department. But he isn't your average doctor. Witnessing COVID burnout, he started investing in real estate through househacking, living rent-free while empowering other healthcare heroes with house hacking and financial freedom tools. Now, he shatters the "just a doctor" label, advocating for multiple income streams and crafting an identity beyond medicine.
Mentioned on the Show
MD House Hacking MD House Hacking on Instagram Dr. Gupta on LinkedIn YFP Real Estate 113: Short Term Rental Tax Loophole Bigger Pockets Podcast Subscribe to the YFP Newsletter YFP Disclaimer Your Financial Pharmacist YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram David Bright on Instagram YFP Real Estate Investing Website David Bright on LinkedIn Nate Hedrick on LinkedIn  

Derek Schwartz, PharmD, returns to talk about his debt free journey and his path toward FI/RE: Financial Independence, Retire Early.
Summary
On this episode, we check back in with Derek Schwartz, PharmD, on his debt free to FIRE journey. Derek was an early guest on the podcast back in 2017 when he was working toward becoming debt free by ambitiously paying off $180,000 in student loan debt. 
Today, Derek returns to share a life update after successfully eliminating his student loan debt - from getting married to owning a home to becoming a father of two - Derek explains how he continues to save and view spending and how his journey toward an early retirement evolves as he pursues FIRE. Derek shares encouraging advice for new grads and anyone looking to pay down debt and what it can mean when you are truly financially free.
About Today's Guest
Derek Schwartz, PharmD, RPh is a 2014 graduate of Ohio Northern University Raabe College of Pharmacy who currently works with the Kroger Company in the Cincinnati, OH area. After graduating in 2014 with over $180,000 in debt, he paid it off in March 2018.  Derek and his wife, Jessica, married in October 2020, and have two children:  Julia, age 2, and Calvin, 8 months old.  The family of four have a happy and busy life in Cincinnati, Ohio.
Mentioned on the Show
YFP 014: Turning Student Debt Frustration Into Action YFP/APhA Webinar: Money Moves: How to Evaluate Benefits Packages and Job Offers (With Live Insight on Real Pharmacist Job Offers!) on April 17, 2024 YFP Planning Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group YFP Disclaimer
 

Nate Hedrick, The Real Estate RPH, discusses how to avoid the trap of becoming house poor, the ever-lively debate of renting vs buying a home, the costs of buying a home, and how to determine how much house you can afford.
Summary
In this episode sponsored by Real Estate RPh, host Tim Ulbrich chats with pharmacist and real-estate agent Nate Hedrick, CEO and founder of Real Estate RPh all about the costs of home buying. Beyond the initial down payment and monthly mortgage payment, there are a lot of expenses with home ownership. Some expenses can be expected and planned for, others can catch you by surprise, as Nate and Tim have both learned.
Hear valuable insights and resources for pharmacists looking to purchase a home, covering topics such as down payment assistance options, planning for those unexpected expenses, and creative ways to help achieve the goal of home ownership.
About Today's Guest
Nate Hedrick is full-time pharmacist by day, husband and father by evening and weekend, and real estate agent, investor, and blogger by late night and early morning. He has a passion for staying uncomfortable and is always on the lookout for a new challenge or a project. He found real estate investing in 2016 after his $300,000+ student loan debt lead him to read Rich Dad Poor Dad. This book opened his mind to the possibilities of financial freedom and he has been obsessed ever since.
After earning his real estate license in 2017, Nate founded Real Estate RPH as a source for real estate education designed with pharmacists in mind. Since then, he has helped dozens of pharmacists around the country realize their dream of owning a home or starting their investing journey. Nate resides in Cleveland, Ohio with his wife, Kristen, his two daughters Molly and Lucy, and his rescue dog Lexi.
Mentioned on the Show
YFP Webinar on April 25th at 8:30pm EST “Your Checklist for Buying a Home in 2024” with Nate Hedrick   Real Estate RPh YFP Home Buying Resources YFP REI Podcast: Navigating the NAR New: Insights for Real Estate Investor YFP Planning Subscribe to the YFP Newsletter YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group YFP Disclaimer