Does a 1% AUM fee really cost you 25% of your returns? Tim Ulbrich and Tim Baker run the numbers and give you a framework to evaluate the real cost and the real value of financial planning.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle a common concern about working with a financial advisor: Does paying a 1% fee for assets under management (AUM) really eat away a quarter of your investment gains over time?

We run the actual numbers using compound interest calculators to see how much a 1% advisory fee could cost over the long term and whether the 25% claim holds true.

But this episode isn’t just about math.

Tim and Tim also zoom out to look at the bigger picture: What’s the ROI of the fee you’re paying? Because it’s not just about investment returns, it’s also about the potential behavioral coaching, tax strategies, withdrawal planning, and comprehensive financial guidance that a good advisor brings to the table.

Whether you’re a die-hard DIY investor, already working with an advisor, or considering working with a financial planner for the first time, this episode will give you a practical framework to evaluate the real cost and real value of financial advice.

Mentioned on the Show

• YFP YouTube Channel
• YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner
• Vanguard: Putting a value on your value: Quantifying Vanguard Advisor’s Alpha®
• The Investment Funds Institute of Canada. Financial Advice in Canada, November 2022.
• Kitces Quantifying the Value of Financial Planning Advice
• Record a Question to be Featured on an Ask YFP Episode
• Email YFP: info@yourfinancialpharmacist.com

Feeling financially stuck despite making a good income? Tim Ulbrich, PharmD, unpacks three common reasons pharmacists hit a financial plateau and how to reframe your thinking about money, income, and possibility.

Episode Summary

Do you ever feel like, despite making a good income, you should be further along financially?

You’ve got the degree, the stable job, the six-figure salary…but you’re not making the progress you hoped for. You feel stuck, and you’re wondering why.

In this episode of the Your Financial Pharmacist Podcast, YFP Co-Founder & CEO Tim Ulbrich, PharmD, explores three common reasons many pharmacists feel financially stuck, even with a strong income:

• A fixed mindset that limits your financial potential

• A fixed income that hasn’t kept up with inflation or your goals

• Fixed costs that quietly chip away at your freedom and options

This isn’t just a conversation about budgeting or side hustles. It’s about changing how we think about money, income, and what's possible.

Whether you're early in your career or feeling stuck mid-way through, this episode will help you gain clarity and take actionable steps toward financial progress.

Mentioned on the Show

• The Big Leap by Gay Hendricks
• YFP 384: Beyond Salary: Negotiating Your Value in the Workplace
• Bureau of Labor Statistics (BLS), Pharmacists
• Book a Discovery Call with the YFP Team

In this special Father’s Day episode, Tim Ulbrich shares five unexpected and powerful money lessons he’s learned from raising four boys.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, reflects on the unexpected and powerful financial lessons he’s learned from raising four boys. From conversations at the concession stand to big-picture reflections on priorities, Tim shares 5 meaningful insights that go beyond spreadsheets and savings accounts.

Whether you're a parent, planning to be one, or simply interested in how life shapes our money mindset, this episode offers a personal and practical look at the intersection of fatherhood and finance.

Mentioned on the Show

• YFP 363: A Conversation with My Dad: Lessons on Entrepreneurs, Fatherhood, and Finance
• YFP 402: Building a Legacy: The Family Constitution Blueprint with Julia Myers
• Die With Zero: Getting All You Can From Your Money and Your Life by Bill Perkins
• Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton

What mindset separates high earners from true wealth builders? Inspired by The Millionaire Next Door by Dr. Thomas Stanley, Tim Ulbrich breaks down how changing his perspective on money transformed his financial path, and how it can do the same for you.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD explores the key mindset shift that helps pharmacists quietly build lasting wealth. This isn't about flashy cars or overnight success. It's about the habits, discipline, and mindset millionaires use to build wealth quietly and consistently. Drawing from both personal experience and lessons from The Millionaire Next Door by Dr. Thomas Stanley, he shares how pharmacists and other high-income earners can adopt a wealth-building mindset that prioritizes financial independence over lifestyle inflation.

Whether you’re just getting started or looking to level up, this episode will challenge how you think about money and give you the tools to create lasting change.

In this episode, you’ll learn:

• The mindset millionaires adopt (that most people don’t)
• Why high income doesn’t guarantee financial freedom
• How to build money habits that grow wealth over time
• What these insights mean for pharmacists and other professionals pursuing financial independence

Mentioned on the Show

• First Horizon’s Pharmacist Home Loan
• Your Financial Pharmacist
• The Millionaire Next Door by Dr. Tom Stanley
• I Will Teach You to be Rich by Ramit Sethi
• The Compound Effect by Darren Hardy

What should you do with an old 401(k)? Tim Ulbrich and Tim Baker explore your options, common pitfalls, rollover strategies, and how to make smart moves with old retirement accounts after leaving a job.

Summary

When you leave a job, what happens to the retirement account you left behind? In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, take a deep dive into the important financial decisions surrounding old employer-sponsored retirement plans, such as 401(k)s and 403(b)s.

Tim and Tim discuss the impact these often-overlooked accounts can have on your overall financial plan and explore your available options, whether that’s leaving the money in your former employer’s plan, rolling it over to your new employer’s plan, or transferring it to an IRA.

They break down the pros and cons of each approach, highlight common mistakes like the “set it and forget it” trap, and explain why understanding fees and account access is so important. The conversation also emphasizes the value of working with a fiduciary advisor and the serious risks of cashing out these accounts too soon.

To complement the episode, they introduce YFP’s new guide: The Best and Worst Moves to Make with an Old 401(k), designed to help you avoid costly missteps and feel confident in your next move.

Whether you're changing jobs, planning ahead for a career transition, or simply want to be more intentional about your retirement savings, this episode will give you the clarity and guidance you need.

Mentioned on the Show

• First Horizon’s Pharmacist Home Loan
• Your Financial Pharmacist
• YFP Guide: Best & Worst Moves to Make With an Old 401(k)
• FIRE Rx: The Pharmacist’s Guide to Financial Independence
• YFP Episode 404: 5 Key Questions to Ask Before Hiring a Financial Planner
• Reference: 2024 Kitces Report on Financial Planning

Quynh and Tri Vu, two professionals who transitioned from pharmacy and IT careers into real estate, share their journey into investing in raw, vacant land and building Secure Land Co.

Summary

Quynh and Tri Vu, two professionals who transitioned from pharmacy and IT careers into real estate, share their journey into investing in raw, vacant land in this episode of the YFP Real Estate Investing Podcast.

Joined by hosts Nate Hedrick, PharmD, and David Bright, PharmD, Quynh and Tri walk through their early steps in real estate, starting with single-family rentals and moving into the world of short-term rentals like Airbnbs. As their experience grew, so did their ambition, leading them to explore diverse markets and ultimately carve out a niche in the often-overlooked space of raw, vacant land.

They break down what makes land investing unique, detailing the due diligence required, the creative value-add strategies they use, and how they evaluate properties with potential. Along the way, they also share how they balanced their demanding careers while building a real estate portfolio, leaned on community and mentorship, and eventually took the leap into full-time investing through their business, Secure Land Co.

Whether you’re just getting started or looking to diversify your real estate strategy, this episode offers valuable insights, encouragement, and practical advice from two people who made the leap and never looked back.

Mentioned in Today’s Episode

• • Your Financial Pharmacist
  • Secure Land Co Website
  • Secure Land Co Instagram
  • Secure Land Co YouTube
  • YFP on Instagram
  • YFP Facebook Group

Tim Ulbrich and Tim Baker answer two questions from the YFP community on using 529 funds for student loans and the most cost-efficient ways to invest in digital assets like Bitcoin.

Summary

In this episode, YFP Co-Founder & CEO Tim Ulbrich, PharmD, is joined by YFP Co-Founder & COO Tim Baker, CFP®, RLP®, RICP®, to answer two insightful financial questions from the YFP community.

First, they explore whether it makes sense to use 529 plan funds to pay off student loans. Tim and Tim break down the relevant provisions of the SECURE Act, highlight key limitations and tax implications, and discuss scenarios where this strategy could be beneficial—or not.

Next, they tackle a question about buying Bitcoin efficiently. They compare the most cost-efficient ways to invest, including using various platforms, ETFs, and tax-advantaged accounts like IRAs. They also weigh the pros and cons of each approach, including fee structures, accessibility, and long-term considerations.

Whether you’re considering how to best use your 529 funds or exploring your first steps into cryptocurrency, this episode provides practical, pharmacist-specific guidance to help you make informed financial decisions.

Mentioned on the Show

• YFP 368: How Much is Enough for Kids' College?
• YFP 211: The Ins and Outs of the 529 College Savings Plan
• YFP 404: 5 Key Questions to Ask Before Hiring a Financial Planner
• YFP 386: Cryptocurrency & Digital Assets: Definitions, Origins, and Risks
• YFP 387: Cryptocurrency & Digital Assets: Investment Considerations and Tax Implications

Should you pay off your mortgage early? YFP Co-Founder & CEO, Tim Ulbrich, PharmD unpacks the math, emotions, and big-picture factors in the mortgage payoff debate—plus 5 reasons when it may or may not make sense to pay extra on your mortgage.

Summary

Should you pay off your mortgage early? It’s a question that comes up often in personal finance—and the answer isn’t always as straightforward as the math suggests.

In this episode, YFP Co-Founder and CEO Tim Ulbrich, PharmD, unpacks the numbers, the emotions, and the bigger picture behind this important decision. Using a real-life example and the YFP Early Payoff Calculator, Tim walks through how even small extra payments can shave years off your loan term and save you thousands in interest.

But here’s the twist: despite the financial benefits, Tim has personally decided not to pay off his mortgage early. He shares his thought process along with five compelling reasons why making extra mortgage payments might make sense for others.

Whether you're deep into your mortgage or just getting started, this episode will help you evaluate your options and make a decision that aligns with your long-term goals.

Mentioned in Today’s Episode

• • YFP Early Payoff Calculator
  • YFP YouTube Channel
  • YFP Book a Discovery Call
  • YFP Disclaimer
  • Subscribe to the YFP Newsletter
  • Tim Ulbrich on LinkedIn
  • YFP on Instagram
  • YFP Facebook Group