Podcasts Business Your Financial Pharmacist YFP 247: 10 Common Financial Mistakes Pharmacists Make

YFP 247: 10 Common Financial Mistakes Pharmacists Make

Published: March 17, 2022, 10 a.m.

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, talks about ten common financial mistakes that pharmacists make.

Key Points From This Episode

  • The number one mistake on our list: paying too much interest on your student loan debt.
  • Tim shares the way to shift your mindset away from the 'monopoly money' feeling.\xa0
  • Diving into student loan strategy and the different buckets to consider.\xa0
  • Talking about service loan forgiveness and PSLF strategy, and how to maximize these.
  • Why emergency funds take a back seat and how to avoid delaying getting one.\xa0
  • Some tips on starting your emergency fund.
  • Mistake number four: protecting your income.
  • Accepting your income is fixed, and factoring in inflation and debt loads.
  • Putting numbers to the retirement savings saying of 'save early, save often.\u2019
  • Investing in a way that maximizes your tax savings!
  • A reminder of why it's crucial to create a tax strategy and do your tax planning.
  • Talking about saving out of order for kid's college.
  • How to get a certified financial planner who has your best interests at heart.

Links Mentioned in Today\u2019s Episode