Enter code WEALTHRX for 15% off your order
Are you familiar with the fees associated with investing in mutual funds? Check out this succinct article from Investopedia regarding Expense Ratios to get you started.
Excited to be heading down to Columbus tonight to speak at the The Ohio State University College of Pharmacy Alumni Association Financial Wellness Workshop! We are going to be talking about 5 Strategies to Become a Seven Figure Pharmacist.
I hope you will find this article by Justin Cole from Cedarville University School of Pharmacy as inspiring as I did!
"In the end, we moved to a wonderful home that was less than half the size and cost of our previous home. I did not fully realize the impact that home ownership had on our overall financial picture until our move. Through the process, we have learned a lot about ourselves and experienced many unexpected freedoms through downsizing."
Fascinating. Get ready for disruption and innovation to happen in the grocery industry whether you like it or not.
The other potential story line to watch here is how Amazon may use this acquisition to further their vision for getting into the pharmacy business. Lauren Castle mentioned this last week when the news broke and I think she is spot on.
“Once Amazon is a player in the industry, anything can go,” said Joe Agnese, senior food retailing analyst at CFRA. “The big threat is what else they can do. Now that they have a retail presence with (more than) 400 stores, long-term they can expand on that threat. They can (bring) pricing pressure. They could bring down prices and everyone would have to match them or lose share."
More than half surveyed believe their advisor must legally act in their best interest. It isn't the case, unfortunately!
Thank you Alex Barker for working with me as Tim Church and I were finishing up the writing for Seven Figure Pharmacist! You brought a unique and valuable perspective to the table and inspired me to stay on track to get the work done.
Photo by Philip K King
A thought provoking and humorous read for your Wednesday morning. It is always good to learn and read from those that have similar and dissenting opinions.
My favorite response is from Phil Huber: Fidget spinners.
This is a fantastic read! Please take 5 minutes to do so and then share with all your friends and colleagues that say 'my guy' takes care of my investments. That is usually code word for I'm getting hosed but don't realize it.
Tim Church, PharmD, BCACP, CDE and I have dedicated a whole chapter (15) in Seven Figure Pharmacist (www.sevenfigurepharmacist.com) to this incredibly important topic.
As I mentioned the other day, this is why I'm pumped to be partnering with Tim Baker, CFP from Script Financial for the Your Financial Pharmacist podcast coming in July. He is one of the few (<2% of all advisors according to Tony Robbins in Unshakable) doing the business the right way.
Check out a new guest blog post on Your Financial Pharmacist by new practitioner Deeb Eid!
Deeb is a graduate of The University of Toledo College of Pharmacy & Pharmaceutical Sciences, former executive resident of Pharmacy Technician Certification Board (PTCB) and soon to be faculty member at Ferris State University College of Pharmacy.
A good overview of the fiduciary standard and what has been going on during the transition from the Obama to Trump administration.
Why should you care? Many pharmacists are working with 'financial advisors' that legally don't have to have their best interest in mind and don't even realize this is the case.
Tim Church and I dedicated a whole chapter (15) in Seven Figure Pharmacist (www.sevenfigurepharmacist.com) to this VERY important topic. Once you dig into that chapter you... will quickly realize how important it is to find a fiduciary advisor.
This is one of the many reasons I'm pumped to be partnering up with Tim Baker for the Your Financial Pharmacist Podcast starting in July! He is a CFP, fee-only planner doing the business the right way and he is going to bring some awesome insights and content to the pharmacy community.
Who is on a budget and still looking for good Father's Day gift ideas?
My good friend Best Dressed Dad by Josh Workman nailed it with this video on gift ideas under $50.
I would also recommend going back to his posts on "The 2 Pairs of Shorts Dads Need This Summer" and "5 Stylish Summer Essentials" at www.bestdresseddad.com for additional gift ideas!