YFP 229: How This Pharmacy Professor's Debt Free Journey Ignited His Passion to Teach Others
Your Financial Pharmacist
English - November 11, 2021 10:00 - 36 minutes - 42.2 MB - ★★★★★ - 160 ratingsInvesting Business pharmacist retirement debt finance pharmacy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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’s guest, Bhavik Shah. Bhavik’s 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. What motivated Bhavik to create his course on financial literacy. Bhavik’s 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’s Episode
YFP Planning: Financial Planning for Pharmacists Book a Free Discovery Call with YFP Planning GoodRx: Nominate Your Favorite Pharmacy Professional YFP 044: How to Determine Your Life Insurance Needs YFP 045: How to Determine Your Disability Insurance Needs Why Most Pharmacists Should Do A Backdoor Roth IRA YFP 096: How to do a Backdoor Roth IRA Policygenius Accreditation Council for Pharmacy Education Join APhA - Get 25% Off Your Membership with Code: YFP The White Coat Investor Blog The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed by James M. Dahle Your Financial Pharmacist The Money Guy Show The Money Guy Podcast The Money Guy Financial Order of Operations Course Your Financial Pharmacist Disclaimer and Disclosures