YFP 389: 2024 in Review: Milestones, Highlights, & Giveaway!

 


Tim Ulbrich, YFP CEO, celebrates over 2 million downloads of the YFP Podcast by sharing some of his favorite episodes and listener stories. He also previews exciting projects ahead in 2025 for YFP.

Episode Summary

In this special year-end episode, host Tim Ulbrich reflects on a milestone year, celebrating over 2 million downloads of the YFP Podcast. He shares powerful listener stories, recaps his top three episodes of 2024—featuring topics like achieving financial success, landing scholarships, and entrepreneurial journeys in pharmacy—and offers a glimpse into what’s ahead for 2025.

Plus, don’t miss your chance to win a $100 Amazon gift card by submitting your show ideas to [email protected] by January 1st, 2025.

Celebrate with us, and gear up for an inspiring year of growth and success!

Key Points from the Episode

  • [00:00] Welcome and Year-End Reflections
  • [00:19] Listener Appreciation and Milestones
  • [01:09] Inspiring Listener Stories
  • [02:20] Favorite Episodes of 2024
  • [06:44] Looking Ahead to 2025
  • [08:28] Exciting Giveaway Announcement
  • [09:36] Closing Remarks and New Year Wishes

Episode Highlights

“ It’s about designing and living that rich life today while we take care of ourselves and the future.” – Tim Ulbrich [2:01]

”Am I going to sacrifice weekends with my family and nights in order to have one or two extra million dollars?” – Tim Ulbrich [4:02] 

“The financial plan has to focus on taking care of ourselves in the future while also living and prioritizing a rich life today.” – Tim Ulbrich [7:25]

Links Mentioned in Today’s Episode

Episode Transcript

Tim Ulbrich: [00:00:00] Hey everybody, Tim Ulbrich here. And thank you for listening to the YFP podcast, where each week we strive to inspire and encourage you. On your path towards achieving financial freedom this week. I’m flying solo as we wrap up and celebrate another year of the YFP podcast. It’s a busy time of year. So let’s keep this one short and sweet.

First and foremost, thank you to you, our listeners that tune into the show. Some of you that tune in a loyally every week, since we started the show back in 2017, thank you so much. And some of you that maybe check in periodically as you’re able to, I get it. Time’s limited. You have a lot of options. So whether you listen while you’re working out, whether you listen while you’re driving to work, whatever it may be.

Thank you so much for the support of the show, the energy that you all provide, the encouragement that you provide helps keep us going each and every week. And I mean that sincerely. And today marks a really cool milestone for us. As we wrap up 2024, we recently passed [00:01:00] 2 million downloads of the show. Wow. Wow. Wow. And that number is really cool. 2 million downloads. But to be honest. It’s the impact and hearing from you guys that gets me fired up each and every week. I heard from Jordan this year who said, Hey, great news, officially net worth positive catching up on budgeting and realize that I just cross the threshold.Appreciate your tips and insight thus far. How cool is that? Getting to net worth positive and beginning to build wealth.

I also heard from a Kayla who said your podcast on how pharmacists utilize creative entrepreneur opportunities are truly inspiring. And personally inspired me to create my own clinical pharmacist, consulting firm and Taylor said, your content really helped us buckle down and pay off our loans. It’s allowing us to be more flexible in considering a career transition within pharmacy. That gets me fired up, right? We often talk about money is a tool. Money is a tool. It’s about designing and living that rich life today while we take care of ourselves and the future. And when I hear comments like that from Taylor that says, Hey, we got focused on our student loans so that we could be more flexible so that we could pursue this other thing that was really important to us.

That’s what it’s all about. . Some of the highlights in my favorite moments from 2024, we’ve had a lot of great episodes throughout the year. I just pulled three of my favorites. The first one is episode 365, and we’ll link to all of these in the show notes, you know how to find them.

This episode featuring pharmacist, Mike Byers was titled millionaire theme hour from 0 to 1.

And his story was so inspiring of how he essentially started at a net worth of zero and was pretty quickly able to get to a net worth North of 1 million and has continued to build wealth since then, such [00:03:00] that in his early forties, He was able to step away from his full time work in community pharmacy to spend more time with his young family and to pursue other opportunities, most notably those that he’s been building in real estate.

Mike’s story reminded us, reminded me that building wealth, that defining and living the rich life legacy that we talk about, it has ups and downs. It requires perseverance and it requires hard work. And that’s one of the things I loved about Mike story is it wasn’t just all rainbows and butterflies, right?

He had highs and lows. He had a divorce that he struggled through. He had a real estate investment deal or two that didn’t go as planned. He made his fair share of financial mistakes along the way, but he kept a long term picture in mind. He learned from those mistakes and he persevered. One of my favorite quotes from that episode is when he said, quote, what I’m looking at.

Is that I have this money saved because I was diligent in being able to save. [00:04:00] What does the next 10 years look like? Am I going to sacrifice weekends with my family and nights in order to have one or two extra million dollars? That’s a great episode from this year. And I hope no matter what stage of the career that you’re in, I hope you’ll check out episode three 65 with Mike.

of my other favorite episodes of the year was episode 372 titled rising stars. Meet the YFP give scholarship winners. And when I had the opportunity to interview these young pharmacists, it just gave me so much energy. There’s a lot of skepticism out there in our profession right now. And, and much of that for good reason.

But when I thought about these individuals as the future of the Innovators and leaders within our profession, man, did this episode energize me? We had the opportunity to start or nonprofit this year called YFB gives. And as a part of that, we gave out five scholarships in our first year.

And I interviewed all five of these individuals and hearing their stories, hearing the impact that this scholarship was going to have, hearing [00:05:00] the ideas that they had for the future, for their careers, the energy and the motivation that they had. Was so inspiring. I hope you’ll check that out. One of my favorite moments from that show is when I had chance to interview Ruth, one of the winners, when she said, quote, the scholarship really lessened a burden that I’ve been carrying for months.

And we look forward to giving more scholarships here in the spring of 2025. So stay tuned. You can learn more at yfpgives. org. My third episode of the year that I want to highlight was one that we recently published episode three 88. In fact, we just. Released this episode last week. And, and this episode titled entrepreneur journeys in pharmacy lessons on growth and success.

I had the pleasure of serving as a moderator for a panel of four pharmacists, entrepreneurs that I very much admire the work that they’re doing. Dr. Jimmy Pruitt, Dr. Natalie Park, , Dr. Brooke Griffin and Dr. Kelley Carlstrom, all of them working in different ways and finding creative ways. To monetize their various areas of expertise and to do so in a way that it’s contributing value and not only adding value to the individual and solving a problem in which they’re growing the business, but also a way that they are creatively growing and expanding and their own financial plan as well. And in this discussion, we talked about. How did they go from idea to getting started? What are some of the challenges that they have faced along the way in both building the business, as well as developing themselves as an individual. 

This episode, I think you’re going to want to watch it on YouTube. So you have a chance to see all of these individuals and the passion in which they show and demonstrate. That’s just three of the episodes that we published this last year.

As always, you can find these on our website, yourfinancialpharmacist.com.

So what can you expect from us in 2025?

Well, more stories. To inspire, motivate, and educate 

that include not only the success stories, but also some of the challenges that people had to overcome. So these will [00:07:00] feature stories of pharmacists that are working through paying off debt, through building wealth, through making big life planning decisions and family decisions through giving as well.

So more stories as we continue to build a community where we learn from one another and are inspired and motivated by one another. We’re going to focus more and more on a theme that you have heard me talking about. Which I believe in so deeply, which is that the financial plan has to focus on taking care of ourselves in the future while also living and prioritizing a rich life today, right?

If we squirrel all this money away for the future, at the expense of living this life today, I think we have missed the point and there is a balance here and this is hard, but we have to find that balance and make sure that our financial plan is supporting. The vision that we have for our life. So we’ll talk more about that and we’ll continue to share more stories on that.

And finally, what to expect in 2025 is we are [00:08:00] making a heavy shift towards more video content. We’ve done this periodically, but we recognize this topic really comes to life when you can engage, see, and interact with. The guests that we have on the show, whether that’s our own team, such as my partner, Tim Baker at YFP, or one of our certified financial planners, or it’s a guest that we’re featuring and sharing the story.

You’re going to see that content published on YouTube. And of course you can find the podcast just like you always have on whatever channel you’re listening to. One last thing I want to mention before we wrap up for this week is that we have an exciting giveaway as we wrap up this year and head into 2025.

And I want to really use this as an opportunity to hear more from you, whether it’s a question that you have that you’d like to have answered. And that can be anonymous. That’s okay. Just let us know, or maybe you have an idea. For a show that you would like us a topic that you would like us to talk about, or a guest that you would like us to consider or an author that you would like us to interview.

And by the way, that guest could be you, if you have [00:09:00] a really cool story that you want to share as well, don’t be shy. So we’re going to give away a hundred dollar Amazon gift card, and here’s how you can be eligible for that giveaway. Simply send us an email at info at your financial pharmacist. com again, info at your financial pharmacist.

com by January 1st. And just let us know an idea that you have for the show in 2025. Again, that could be a question that you want, I want answered, or it could be an idea that you have for an episode in the new year. So send us an email info at your financial pharmacist. com. And that email will make you eligible.

As we wrap up this episode, I want to wish you and your family and your loved ones, a happy new year. Again, thank you so much for taking the time to listen to the show for your support and encouragement along the way. It means so much to myself and the team at your financial pharmacist, cheers to a great end of 2024 and looking forward to being alongside you as we look towards 2025, have a great rest of your day.

[END]

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Note: Referral fees from affiliate links in this table are sent to the non-profit YFP Gives. 

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Bonus

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About

YFP Gives accepts advertising compensation from companies that appear on this site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company lists on this page DO NOT imply endorsement. We do not feature all providers on the market.

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YFP 388: Entrepreneurial Journeys in Pharmacy: Lessons on Growth and Success


Four pharmacist entrepreneurs share their journeys from pharmacy to thriving businesses, offering tips, actionable advice and inspiration. This episode is brought to you by APhA.

Episode Summary

In this engaging panel discussion, four pharmacist entrepreneurs—Brooke Griffin, Jimmy Pruitt III, Kelley Carlstrom, and Natalie Park—share their unique paths from pharmacy to thriving businesses. Discover how they built their ventures, made strategic decisions, and overcame challenges along the way. Gain practical insights into audience building, pricing strategies, navigating sales, and balancing personal and professional growth. 

Whether you’re dreaming up a new idea or ready to expand your business, this episode is packed with actionable advice and inspiration to help you take the next step in your entrepreneurial journey.

About Today’s Guests

Kelley Carlstrom is the CEO and founder of KelleyCPharmD, an education company that fills the considerable gap in clinical oncology training. She is passionate about democratizing oncology pharmacy education and increasing accessibility and inclusion through her unique L.E.A.R.N Oncology Method.

Brooke Griffin is a pharmacist, professor, keynote speaker, and professional coach. She offers group and 1:1 coaching for pharmacists who are feeling stuck and want clarity on their next steps. She hosts a motivational 5-minute podcast, Today’s Bold Idea, and is on this self-discovery journey alongside all of you. She believes everyone deserves a coach!

Dr. Natalie Park is a co-founder and CEO of Pharmesol, an AI pharmacy assistant that automates inbound/outbound calls, messages, and associated workflows such as documentation to save the pharmacy teams time, streamlines operations, and gives 24/7 concierge-like experience for their customers. She is a pharmacist with a passion for leveraging technology and innovation in the pharmacy industry.

Jimmy Pruitt III, PharmD, BCPS, BCCCP, BCEMP, a pharmacist and entrepreneur, earned his Doctor of Pharmacy degree from Presbyterian College and completed residencies at Florida Hospital Orlando and Grady Health System. He founded EMPowerRX Conference and Pharmacy & Acute Care University (PACU) to innovate healthcare education and inspire pharmacists to pursue entrepreneurship. In 2021, he received the Excellence in Diversity award and was named Alumni of the Year at Presbyterian College. Dr. Pruitt is also an Emergency Medicine Clinical Pharmacy Specialist at Atrium Health and hosts the “Pharm So Hard” podcast, aiming to educate and elevate the pharmacy profession.

Key Points from the Episode

  • [00:00] Introduction and Speaker Backgrounds
  • [00:51] Brooke Griffin’s Journey and Business
  • [01:30] Jimmy Pruitt’s Career and Ventures
  • [01:59] Kelley Carlstrom’s Oncology Path
  • [02:48] Natalie Park and Pharmesol’s Mission
  • [03:28] Monetizing Expertise and Career Transitions
  • [04:27] Balancing Full-Time Work and Entrepreneurship
  • [08:24] Taking the Leap: Full-Time Entrepreneurship
  • [13:40] Starting a Business: From Idea to Action
  • [23:24] Building an Audience and Validating the Market
  • [26:31] Choosing the Right Platform for Your Audience
  • [27:28] Building Value and Consistency in Content
  • [28:20] Converting Social Following to Owned Traffic
  • [30:25] The Journey of Starting a Podcast
  • [32:13] Overcoming Pricing Challenges
  • [39:15] Sales Strategies and Processes
  • [45:12] Learning and Growing as an Entrepreneur
  • [49:50] Personal Growth Through Entrepreneurship

Episode Highlights

“ I actually got laid off. So that was the impetus of pushing me out of the nest, if you will. And I remember the day I got laid off, I called a coach I was working with at the time and her immediate response was, “Congratulations!” -Kelley Carlstrom, PharmD

 ”You have to just start and take the first step. It’s going to be messy. You’re going to fall down periodically. You’re going to learn from that.” -Tim Ulbrich, PharmD

“ Being myself is the boldest thing I could ever do. I’m the greatest project I could work on, and I don’t ever want to be done.” -Brooke Griffin, PharmD 

“ Entrepreneurship has taught me the most about myself and has exposed every limitation I wasn’t aware of that I had.” -Tim Ulbrich, PharmD 

Links Mentioned in Today’s Episode

Episode Transcript

The transcript will be included following the release the episode.

Current Student Loan Refinance Offers

Advertising Disclosure

Note: Referral fees from affiliate links in this table are sent to the non-profit YFP Gives. 

Read the full advertising disclosure here.

Bonus

Starting Rates

About

YFP Gives accepts advertising compensation from companies that appear on this site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company lists on this page DO NOT imply endorsement. We do not feature all providers on the market.

$750*

Loans

≥150K = $750* 

≥50K-150k = $300


Fixed: 4.89%+ APR (with autopay)

A marketplace that compares multiple lenders that are credit unions and local banks

$500*

Loans

≥50K = $500

Variable: 4.99%+ (with autopay)*

Fixed: 4.96%+ (with autopay)**

 Read rates and terms at SplashFinancial.com

Splash is a marketplace with loans available from an exclusive network of credit unions and banks as well as U-Fi, Laurenl Road, and PenFed

Recent Posts

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YFP 387: Cryptocurrency & Digital Assets: Investment Considerations and Tax Implications


In part two of their cryptocurrency series, YFP Co-Founders Tim Baker and Tim Ulbrich discuss spot Bitcoin ETFs, the IRS’s stance on cryptocurrency, and strategies for incorporating digital assets into long-term portfolios.

This episode is brought to you by First Horizon.

Episode Summary

This week in part two of  the series on cryptocurrency and digital assets, YFP Co-Founders Tim Baker, CFP and Tim Ulbrich, PharmD explore the recent introduction of spot Bitcoin ETFs and how they differ from investing directly in Bitcoin. Tim and Tim also discuss the IRS’s perspective on cryptocurrency and key considerations for including digital assets in your portfolio as part of a long-term investment strategy.

Key Points from the Episode

  • Introduction to Cryptocurrency and Digital Assets Series [0:00]
  • Role of Digital Assets in Portfolio Diversification [3:12]
  • Investing in Bitcoin vs. Bitcoin Spot ETFs [8:52]
  • Tax Considerations for Digital Assets [13:43]
  • Use Cases and Future of Digital Assets [23:13]
  • Fee Considerations for Digital Assets [24:50]
  • Conclusion and Next Steps [30:41]

Episode Highlights

“There’s a lot of things that digital assets can solve. If you’re in countries where you have hyperinflation, where the price of bread is double or triple in the morning than what it is in the afternoon, something like a stable currency is really attractive to you.” – Tim Baker [12:18]

“Digital assets are taxed as property, so the IRS looks at it as property. So, and that’s kind of one of the rubs here when Bitcoin was kind of introduced. It was supposed to replace the dollar, or that was the idea. And again, I do think that a digital asset will replace the dollar. It’s just not going to – it won’t be Bitcoin.” – Tim Baker [13:45]

Links Mentioned in Today’s Episode

Episode Transcript

The transcript will be included following the release the episode.

Recent Posts

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