Do you do need a side hustle or do you need a budget?

Do you need a side hustle, or do you need a budget?! I've been thinking a lot about the idea of side hustle. Like many people with an entrepreneurial spirit, I was mowing lawns and shoveling sidewalks for cash when I was young. A real transformation occurred when I thought to start hawking pizza slices …

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Simple Path to Becoming a Pharmacist Millionaire and Still Pay Low Taxes

  High School Flash Back Time!   I'm 17 years old in the back of my high school business class.  A square-box class room with floor to ceiling single-pane windows along the rear wall that can barely bring themselves to hold the cold air out.  The low rumbling of the 1950's era room heater interrupts …

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No, you can’t afford a $350,000 house… Cash Management Plan example

In my last post, I introduced the concept of Optionality, meaning the ability to take ownership of our lives and choose the life we want to live.  Said another way, having your finances in order allows you better choices than having to continue going to a job you hate. I also talked about my own …

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Why have a cash management plan? AKA a budget?!? So you don’t get job-locked!

UPDATE:  If you want to see my proposed CMP for a new graduate.  Check out this post.    Why establish a Cash Management Plan (CMP)?   One word - Optionality   This term likely derived from the investment security named an "option," which means we have a contract or option to buy or sell something …

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How much should a pharmacist save for retirement?

I’ve been teaching a “personal finance basics” 16-hour course for 3rd year pharmacists for a few years now and I am starting to get this question a lot from other students and other pharmacists who know I teach the course.   What kind of student wouldn’t want to enroll in this course and talk about …

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Trapped in debt while making $100,000 per year?

First one! Welcome to the inaugural post on my blog.  I thought this first post should really just be short and describe what my goal is here on pharmvest.   Too many pharmacists move through life without really choosing their path.  Seeming to move and accept what comes their way (good or bad).   whatever job …

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