Ep 543 Pharmacist Money Tips for Your 20s 30s 40s and 50s

One point of annual confusion is whether one should do a residency or fellowship. In this episode, I turn to Keaton Higgins, the executive fellow at the Tennessee Pharmacists Association and University of Iowa graduate for his insights on the fellowship experience. You can contact him here: https://www.tnpharm.org/about/tpa-executive-fellowship-in-association-management/ Need help with your LOI, sign up at https://residency.teachable.com/p/extremeloi   

It can cost you thousands of dollars if you fail the MPJE or NAPLEX and while residents would not lose pay, they could lose their residency placement. In this episode, Jerri Sanger, a P4 at the University of Iowa College of Pharmacy shares her advice regarding studying for the NAPLEX.  Want to check out a pharmacology review course, head to https://residency.teachable.com/ 

In this episode we talk to Joe Baker who wrote Baker's Dirty Dozen: Principles for Financial Independence. Selfishly, I wanted to know what to do to not only help my own kids with their financial futures, but how I can help pay for them. Joe goes through some of the decisions he made and is really entertaining with stories that stick. Here's a link to his book.  https://www.amazon.com/Bakers-Dirty-Principles-Financial-Independence-ebook/dp/B09SGN2S11/ 

Check out the book here: https://www.audible.com/pd/How-to-Build-a-Pharmacy-Consulting-Business-Your-Rx-for-Finding-Freedom-and-Lo-Audiobook/B07L4B7BLC?source_code=AUDFPWS0223189MWU-BK-ACX0-135635&ref=acx_bty_BK_ACX0_135635_pd_us 

Everyone's financial journey is different, but there are some tips that you can use to better navigate uncertainty.  Here's a link to the Unicorn Jobs book if you're looking for something outside the box to help you grow your finances.  https://www.audible.com/pd/Finding-Your-Unicorn-Job-for-Pharmacists-Audiobook/B07RSDRQK6?source_code=AUDFPWS0223189MWT-BK-ACX0-151638&ref=acx_bty_BK_ACX0_151638_rh_us If you want to talk to Derek you can contact him at https://pharmdfp.com/podcast 

Melissa Turner's LinkedIn: https://www.linkedin.com/in/dr-melissa-turner-pharmd/ Website: www.tarheelpgxconsulting.com Dr. Melissa Turner graduated from Meredith College in 2008 with a Bachelor of Science degree in Biology and from Campbell University in 2013 with her Doctor of Pharmacy. After graduation, she began working as a staff pharmacist for CVS and was there until May 2021.   Dr. Turner is a graduate of the PGx Consulting Confidence Academy, completed her Certificate in Pharmacogenomics from RxGenomix in April 2021, and opened her own business, Tarheel PGx Consulting, in September 2021. In March 2022, she completed a course in nutrigenomics from PureGenomics.   The mission of her company is to provide patients with personalized medication and nutrition management based on their genetics. She is a member of the North Carolina Association of Pharmacists, the NCPDP Precision Medicine Subcommittee, and the Campbell University College of Pharmacy and Health Sciences Alumni Board.   Dr. Turner loves teaching her patients about how their genetics can affect their nutrition, health, and wellness and the medications they take. 

Student loan forgiveness is here, most likely, but the real concern is what to do when the pause comes. Will pharmacists re-enter the job market making it harder for new graduates as they realize they need more money to pay off their loans? Check out this book on pharmacist jobs that could help you find a unique job if things do get tight Unicorn Jobs for Pharmacists

In this episode we go over how to preserve one's mental health while getting excellent grades with P4 Lynn Bui from the University of Iowa. Much of what my courses and my one-on-one help does is reduce the ambiguity and stress associated with having to do something for the first time (apply for residency) and having so much riding on it. If you want to get regular Tuesday emails from me, go to http://pharmacyresidencypodcast.com/ and sign up for my email list, I'll start sending out free residency and career books next month for those on the list. 

In this last episode with Sydney Day at the University of Iowa she surprises me that she was able to get an interview for a part-time academic position with her experience here. If you're interested in talking to me about the APPE or participation in teaching, email me at [email protected] 

Becoming debt free is achievable, but how fast you get there often depends on a few key habits. In this episode, P4 Sydney Day and I talk about the habits that can get you to the promised land. Questions for me, email me at [email protected]