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