Learn strategies to raise grounded, grateful kids from father, founder, and pharmacist Tim Ulbrecht, who paid off more than $200,000 of debt and is on a mission to live a rich life today and in the future.

Pharmacist and YFP Wealth co-founder Tim Ulbrecht shares with host Dr. Julia Myers how to teach kids about money through everyday habits, saving buckets, planning for car expenses, and fostering financial independence. Tim explains why daily habits teach more than lectures, how he plans for his teen’s first car, and why spontaneous memories matter. If you’re a parent looking for practical money conversations, this episode is for you.

Key Takeaways:

• Kids learn more from daily money habits and your emotional tone than from formal lectures.
• Give teens real skin in the game, like a minimum savings amount, before helping with a car.
• A solid financial plan should support your values and leave room to enjoy today.

About Tim Ulbrecht:

Tim Ulbrecht is the Co-Founder and CEO of YFP Wealth, a nationwide fee-only financial planning firm founded in 2015. He earned his PharmD from Ohio Northern University and completed residency training at The Ohio State University. Tim is the co-author of Seven Figure Pharmacist. He has presented to more than 200 pharmacy organizations on entrepreneurship, leadership, investing, retirement planning, and financial well-being.

Episode Links & Resources:

• Seven Figure Pharmacist (Tim Ulbrecht, Tim Church) Book Link: https://link.amazon/B0bQjz7F2
• YFP Wealth: https://yfpwealth.com/book-a-discovery-call/?utm_source=julia-myers&utm_medium=audio&utm_campaign=yfp-wealth&utm_content=show-notes
• YFP Podcast Episode 402 - Julia & Tim
• YFP Podcast Episode 311 - Julia & Tim

Columbus Legends, https://columbuslegends.com/ is part of Central Ohio Homeschool Athletics, a non-profit association that offers Christ-centered competitive athletics to homeschool students.

Timestamps:

00:00 Teach Kids to Save With Purpose

03:04 Childhood Money Story: The Envelope System

08:43 Student Loan Debt Lessons & College Costs

14:50 First Home Purchase Mistake

35:37 Teaching Teens to Buy a First Car

Learn More:

• Subscribe and follow on YouTube: youtube.com/@juliamyers
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• Follow on Spotify: Generational Wisdom

Generational Wisdom is the show for parents raising great kids in a world where more is never enough. Hosted by Dr. Julia Myers, TEDx speaker and mom of five.

This show is for education and encouragement, not financial, legal, or tax advice. Generational Wisdom® is a registered trademark of Generational Wisdom LLC. All Rights Reserved.

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