Next up on my Pharmacist Authors Series is Tim Ulbrich, PharmD. In this episode, we discuss Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt, and Create Wealth by Tim Church, PharmD and Tim Ulbrich, PharmD.
There is a bonus at the end. Tim Ulbrich narrated a sample of Seven Figure Pharmacist for you to enjoy!
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Bio, Tim Ulbrich, PharmD (Spring 2023)
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, blog, website resources and speaking engagements. To date, YFP has partnered with 100+ 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 co-author of Seven Figure Pharmacist and host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. He 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.
Pharmacists today are fortunate to make a salary that is near twice the annual household income in the US. While the six-figure income is certainly a plus, it’s more often than not accompanied by a paralyzing six-figure student loan debt. In addition, pharmacists are often balancing other financial priorities such as buying a home, saving for retirement, giving, and saving for kids’ college tuition.
When you start to add everything up, that fabulous income doesn’t seem so big anymore! Unfortunately, that’s why your six-figure income is not a guarantee that you will be financially successful.
In Seven Figure Pharmacist, you will learn about how to protect and transform your income into wealth. Specifically, you will learn:
- How to manage multiple competing financial priorities
- How to create a rock-solid budget based on your goals
- How to avoid bad financial decisions
- Strategies to eliminate your student loans and other debt
- How to increase your income and create multiple revenue streams
- The basics of investing and retirement vehicles
- What to look for when hiring a financial advisor
Written by pharmacists for pharmacists, Seven Figure Pharmacist will help you get on the path towards building wealth and achieving financial freedom!
Highlights from the interview
Seven Figure Pharmacist is about the intersection of personal finance and pharmacy. Topics include debt management, cash flow, budgeting, investment, retirement planning, building wealth-building habits over time, how to evaluate a financial planner, and all parts of the financial plan. It’s customized for pharmacy professionals.
Tim Church, PharmD and Tim Ulbrich, PharmD co-authored Seven Figure Pharmacist. The title is an aspirational identity. Pharmacists aspire to have a seven-figure net worth.
Making the content engaging and relatable was a priority. Because Dr. Ulbrich and his wife overcame their student loan debt, writing the book in a way that fostered hope in readers was important. Readers will feel empowered and motivated to eliminate debt and build wealth.
The target audience for the book is pharmacy professionals, including new practitioners and student pharmacists. Those who are not yet making a robust income can learn from Seven Figure Pharmacist so that when they earn a full pharmacist wage, they will have a financial plan. It’s possible to make great choices about student loan repayment, buying a home, investing, and so on right out the gate.
Dr. Ulbrich encourages Seven Figure Pharmacist readers to learn from the stories, take action, and give yourself grace if you make a mistake.
Links from this episode
Business website – https://yourfinancialpharmacist.com/
YFP Podcasts – https://yourfinancialpharmacist.com/podcasts/
YFP Facebook Group – https://www.facebook.com/groups/390846528023004
LinkedIn – https://www.linkedin.com/in/timulbrich/
The Pharmacist’s Voice ® Podcast Episode 154 featuring Tim Ulbrich, PharmD (Pharmacist Dads Series)
Kim’s websites and social media links:
✅Business website https://www.thepharmacistsvoice.com
✅The Pharmacist’s Voice ® Podcast https://www.thepharmacistsvoice.com/podcast
✅Pronounce Drug Names Like a Pro © Online Course https://www.kimnewlove.com
✅A Behind-the-scenes look at The Pharmacist’s Voice ® Podcast © Online Course https://www.kimnewlove.com
✅ACX (Audiobook Narrator Profile) https://www.acx.com/narrator?p=A10FSORRTANJ4Z
Dates, authors, and book titles in the Pharmacist Authors Series
(Part 1 of 15) June 5, Introduction to the Pharmacist Authors Series (Episode 220)
Part 5 of 15) June 19, The Pharmacist’s Voice ® Podcast Episode 224 Interview with Sue Ojageer, PharmD on her children’s book The Pharma Heroes: The Power of Precision Medicine
(Part 7 of 15) June 26, The Pharmacist’s Voice ® Podcast Episode 226: Interview with Christina Fontana, PharmD about her book Moving Beyond the Counter: Elevating into Heart-Centered Health Care through Entrepreneurship
(Part 8 of 15) June 30, The Pharmacist’s Voice ® Podcast Episode 227: Interview with Jade L. Ranger, PharmD, about her book Mustard Seed Mentality: Unscripted Pearls of Wisdom from a Wife, Mother, and Entrepreneur
(Part 9 of 15) July 7, The Pharmacist’s Voice ® Podcast Episode 229: Interview with RDML Pam Schweitzer, PharmD and her daughter Amy Graves about their children’s book Alice and Jack Hike the Grand Canyon
(Part 10 of 15) July 10, The Pharmacist’s Voice ® Podcast Episode 230: Interview with Cory Jenks, PharmD about his book Permission to Care: Building a Healthcare Culture That Thrives in Chaos
(Part 11 of 15) July 14, The Pharmacist’s Voice ® Podcast Episode 231: Interview with Donna Bartlett, PharmD about her book MedStrong: Shed Your Meds for a Better, Healthier You – Aging Well Through Deprescribing
(Part 12 of 15) July 17, The Pharmacist’s Voice ® Podcast Episode 232: Interview with Frieda Wiley, PharmD about her book Telecommuting Psychosis: From Surviving to Thriving While Working in Your Pajama Pants. Plus, we touch on her 3 children’s books in development.
(Part 13 of 15) July 21, Interview with Tim Ulbrich, PharmD about his book Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt, and Create Wealth
(Part 14 of 15) July 24, Interview with LaQuoia Johnson, PharmD about her book How Rxacism Manifests Inside the Small World of Pharmacy
(Part 15 of 15) July 28, Pharmacist Authors Series wrap-up (solo show)
Thank you for listening to episode 233 of The Pharmacist’s Voice ® Podcast! If you know someone who would like this episode, please share it with them!