Podcasts Business Your Financial Pharmacist YFP 229: How This Pharmacy Professor's Debt Free Journey Ignited His Passion to Teach Others

YFP 229: How This Pharmacy Professor's Debt Free Journey Ignited His Passion to Teach Others

Published: Nov. 11, 2021, 10 a.m.

Bhavik Shah talks about his debt-free journey, his early missteps, and how he used his experience to further the financial literacy education of other pharmacists.

Key Points From This Episode

  • An introduction to today\u2019s guest, Bhavik Shah.
  • Bhavik\u2019s academic background and why he chose a career in pharmacy and teaching.
  • The money scripts Bhavik was raised with and how they impacted his mindset.
  • How he graduated with $80,000 of student debt and paid it off in just six years.
  • Why he considers it a mistake not to have taken advantage of Roth contributions to get tax-free growth.
  • What Bhavik means by emphasizing being your own steward, and what motivated this.
  • How he learned the importance of understanding the basics before hiring a professional.
  • Financial education and literacy and why it is important.\xa0
  • What motivated Bhavik to create his course on financial literacy.
  • Bhavik\u2019s thoughts on whether a personal finance piece should be included in the PharmD program.
  • Resources he has found helpful, including the White Coat Investor and the Money Guy.
  • How student debt deters people from pursuing postgraduate education.
  • The role of financial education in preventing this barrier.

Links Mentioned in Today\u2019s Episode