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Buying a home in 2026? Learn loan options, rate trends, and a new zero-down opportunity for pharmacists with mortgage expert Tony Umholtz. Episode Summary In this episode, Tim Ulbrich, PharmD welcomes back Tony Umholtz, Senior VP of Mortgage Banking at First Horizon, to break down what pharmacists and healthcare professionals need to know about buying a home in 2026. From navigating a volatile interest rate environment to understanding loan options, credit considerations, and down payment strategies, this conversation provides a practical roadmap for both first-time buyers and experienced homeowners. Tony also introduces a powerful new medical professional loan that could significantly change what's possible for pharmacists looking to purchase a home. What you'll learn in this episode: How interest rates and housing inventory are shaping the 2026 homebuying market Key differences between conventional, FHA, VA, and specialized loan options Common credit and debt-to-income mistakes that can impact your approval How to think about fixed vs. adjustable-rate mortgages in today's environment How the new medical professional loan can help pharmacists buy with little or no money down Mentioned on the Show Tony Umholtz from First Horizon (website): https://firsthorizon.com/tony-umholtz Tony Umholtz from First Horizon (email): [email protected] Tony Umholtz from First Horizon (phone): 813-603-4255 YFP Gives: https://yfpgives.org/ 

Dr. Emlah Tubuo shares how intentional living, whole-person care, and mindset are reshaping pharmacy, leadership, and personal wellbeing. Episode Summary In this episode of the YFP Podcast, Tim Ulbrich, PharmD sits down with Dr. Emlah Tubuo to explore what intentional living looks like in real life and in modern pharmacy practice. Emlah shares how Powell Pharmacy has evolved beyond dispensing into whole-person care, including biomarker testing, hormone optimization, and integrated wellness services. They discuss resilience, mindset, and how pharmacists can reclaim purpose by meeting patients where they are, while also addressing burnout, fear, and the power of being fully present. Whether you are a pharmacist, entrepreneur, or someone seeking a more aligned and intentional life, this conversation offers both inspiration and practical insight. What you'll learn in this episode: How intentional living can transform pharmacy practice and patient care Why whole-person care goes beyond prescriptions and lab values alone Practical ways pharmacists can integrate biomarkers, hormones, and wellness initiatives How mindset, presence, and resilience reduce burnout and improve impact What it means to redefine success through service, alignment, and purpose Mentioned on the Show Powell Pharmacy Journeys Lab Testing for Pharmacists Pharmacist Fullscript Account Setup Lunch and Learn Supplement Knowledge Discuss Dietary Supplements With Confidence Intentional Living Newsletter Emlah Naturals Intentional Living Podcast Emlah Tubuo - LinkedIn Emlah Tubuo - Instagram

What if financial success isn't about saving more, but aligning money with the life you want today? Episode Summary After years of doing "everything right" financially, many pharmacists reach a surprising crossroads: retirement feels on track, but something still feels off. In this solo episode, Tim Ulbrich, PharmD reflects on a counterintuitive decision he has made over the past five years by intentionally not maxing out traditional retirement accounts, and the deeper question that choice surfaced: what are you optimizing for right now? This conversation explores the tension between financial efficiency and life alignment, the concept of "enough," and why financial planning in mid-career is less about winning spreadsheets and more about finding a way to live your rich life today while preparing for the future. What you'll learn in this episode: Why "on track" financially doesn't always feel satisfying  The difference between accumulating wealth and being truly retirement-ready The hidden risk of always optimizing your financial plan for a future state at the expense of today Why "enough" is a decision, not just a number

Tim Ulbrich, PharmD covers 10 practical year-end financial moves to reduce tax burden, build clarity, and start 2026 with confidence—plus a bonus step most people overlook. Episode Summary As 2025 winds down, it's tempting to push financial decisions into January. But some of the most impactful moves you can make happen before the calendar turns. In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD walks through 10 practical, foundational financial moves to make before 2026 to help you reduce tax burden, invest with intention, organize your financial life, and enter the new year with clarity and momentum.  The episode wraps with a bonus step that isn't on most year-end checklists but may be one of the most leveraged decisions you can make heading into 2026: evaluating whether it's time to hire a financial planner or reassess your current advisory relationship. This is your financial "closing shift" for 2025—simple, intentional moves that quietly build confidence and long-term wealth. What you'll learn in this episode: How to perform a year-end financial inventory and why tracking net worth is one of the most powerful planning habits. Which tax-advantaged accounts need attention before December 31 and how to prioritize last-minute contributions. The importance of rebalancing your investment portfolio and prepare for paycheck changes heading into a new year. Why organizing estate documents, beneficiaries, and a "legacy folder" creates clarity and peace of mind. How to set meaningful financial goals for 2026 and evaluate whether it's time to hire (or reassess) a financial planner. Mentioned on the Show YFP Legacy Folder Checklist

Tim & Tim discuss how to handle a windfall or inheritance with clarity emotionally, financially, and strategically during the biggest wealth transfer in U.S. history. This episode is brought to you by the American Pharmacists Association (APhA). Episode Summary Handling a windfall or inheritance isn't just about the money—it's an emotional, relational, and identity-level shift. Whether it's an inheritance, equity payout, stock options vesting, or another financial surprise, the "right" next step can feel overwhelming. Many people think the challenge is how to invest a large sum… but the real challenge often begins much earlier: Who am I now that money is no longer the limiting factor? In this episode, Tim Ulbrich, PharmD, and Tim Baker, CFP®, RICP®, RLP® break down how to prepare for, navigate, and thoughtfully plan through sudden wealth. They talk about the emotional side of receiving money, how to avoid rushed decisions, the importance of building the right team, tax considerations, and how to align a windfall with your goals, values, and relationships. With the largest wealth transfer in U.S. history underway, this is a conversation every generation needs to hear. If you've received a windfall, expect one, or simply want to understand how to handle one wisely, this episode will help you slow down, think clearly, and make decisions you won't regret. What you'll learn in this episode: Why sudden wealth creates emotional, identity, and relational shifts—not just financial ones The most common types of windfalls and why they require different planning strategies How to avoid rushed decisions and use a "90-day pause" to regain clarity The key professionals you need on your team before making major moves How taxes, investment priorities, and giving strategies change when a windfall enters the plan Mentioned on the Show Mom and Dad, We Need to Talk by Cameron Huddleston Cerulli Associates "Great Wealth Transfer" data "Die With Zero" by Bill Perkins YFP Episode: 5 Key Questions to Ask Before Hiring a Financial Planner

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  

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 Your Financial Pharmacist Book a Free Discovery Call with YFP YFP Episode 49 "Should I Pay Off My House Early of Invest?" YFP Episode 68 "Pros/Cons of the Dave Ramsey 7 Baby Steps" YFP Episode 427: "Passive vs Active Investing: Is the Debate Over" YFP Episode 274: "Risk Tolerance vs Risk Capacity (Retirement Planning)"  

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 Your Financial Pharmacist Your Financial Pharmacist on YouTube The Index Revolution by Charles Ellis Vanguard Research Brief (2020): Putting a value on your value: Quantifying Vanguard Adviser's Alpha The Behavioral Investor by Dr. Daniel Crosby YFP Episode 124: The Behavioral Investor with Dr. Daniel Crosby

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 Your Financial Pharmacist Your Financial Pharmacist on YouTube The Millionaire Next Door by Tom Stanley Rich Dad Poor Dad by Robert Kiyosaki 

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 Your Financial Pharmacist Your Financial Pharmacist on YouTube YFP 394: Crafting a Rich Life in Retirement: Insights from David Zgarrick, PhD Vanguard Study Advisor's Alpha Changes in US Family Finances from 2019 to 2022: The Federal Reserve Board of Governors

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 YFP Compound Interest Calculator The Millionaire Next Door by Dr. Tom Stanley Watch the Your Financial Pharmacist Podcast on YouTube Learn More About Your Financial Pharmacist

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 Watch the Your Financial Pharmacist Podcast on YouTube Learn More About Your Financial Pharmacist  

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 First Horizon's Pharmacist Home Loan YFP Blog: Why I'm Not Using My Health Savings Account to Pay for Medical Expenses YFP 165: The power of a Health Savings Account Reference: Investment News Barron's YFP 124: The Behavioral Investor with Dr. Daniel Crosby Your Financial Pharmacist Your Financial Pharmacist on YouTube 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.  

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 Join APhA - Get 25% Off with Code YFP Life Insurance for Pharmacists: The Ultimate Guide Your Financial Pharmacist Your Financial Pharmacist on YouTube

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