Pharmacy Residency Podcast

Podcast Episode: Passing the NAPLEX the First Time  Welcome to today's episode with our guest Ellie Twedt, a P4 at the University of Iowa College of Pharmacy, where we're diving into a smarter, science-backed way to prepare for the NAPLEX while navigating your APPE rotations. Instead of cramming or waiting until the last minute, we'll explore how to blend real-world learning with proven study techniques from Make It Stick: The Science of Successful Learning. This book highlights three powerful methods for long-term mastery—spaced practice, retrieval practice, and interleaving. We'll focus especially on spaced practice and how it can transform your approach to studying. Imagine using your RxPrep book not as a giant wall of content, but as a map. As you move through each APPE, you'll connect the rotation experience to the RxPrep chapters that match what you're seeing in the real world. This method turns APPEs into a natural structure for preparing for the NAPLEX, with built-in review and reinforcement along the way. We'll talk about how to link chapters to rotations, create a rotation-based study schedule, and build habits that make your knowledge stick. If you've ever felt overwhelmed by the sheer volume of material or wondered how to balance NAPLEX prep with the demands of your APPEs, this episode is for you. By the end, you'll have a strategy that transforms studying from a last-minute scramble into a continuous, confident process—one that leverages both your rotations and the science of successful learning. You can find the free materials she talks about in the interview under "Free General Resources" here: https://residency.teachable.com/p/extremeloi Auto Generated Transcript  Hey, welcome to the Pharmacy Residency Podcast. I haven't podcasted in a while, but we've got 500 episodes that you can use as a reference—they're all still out there. We've had a bit of an issue with the NAPLEX, and I think this year presents a real opportunity. This year and next will be, if not the easiest times to get a residency, certainly times with significantly fewer applicants—around 2,000 fewer graduates in each class. One of the best ways to stand out is to show that you're going to pass the NAPLEX, or at least that you're seriously preparing to give it your best shot. So, I've brought on Ellie Twedt from the University of Iowa. She's a P4 in her second rotation, right? Yep, second rotation. We've asked ourselves: how can we ensure we're putting our best foot forward? We're taking a page out of the book Make It Stick: The Science of Successful Learning. One lesson in there is that spaced practice—essentially, not cramming at the end—is critical. When the NAPLEX rolls around, you don't want to be eight or nine months removed from studying and suddenly find yourself panicking. Unfortunately, that happens often. We've got some solutions, and Ellie is here to walk us through them. Ellie, tell us a little about yourself—how you got into pharmacy school and Iowa specifically. Ellie: Yeah, as Tony mentioned, I'm a P4 at the University of Iowa College of Pharmacy. I came to pharmacy through an untraditional path—starting with veterinary medicine. I found I loved both the drug side of things and working with people, so pharmacy felt like the perfect marriage. Being an in-state student, Iowa made sense, and it also gave me the chance to continue my cross country career. It's been a great fit, and I've really enjoyed my time here. Tony: So you started at Iowa and stayed there. I married into Iowa—that's how I ended up here. Let's shift to talking about NAPLEX pass rates. They've gone down significantly. We're not here to blame anyone, but rather to ask: what can we do about it? When I was in school, the PharmD was in its first year at Maryland. If I had finished my pre-pharmacy work in two years—some call it "two years of pre-pharmacy"—I could've gone straight into three years of pharmacy school. I did mine in three years. So I would've done three years at the University of Maryland at Baltimore (now University of Maryland, Baltimore). APPEs were only in the final semester: four or five weeks in retail, four to five in hospital, and one elective. That was it. There wasn't much of a gap between finishing classes and taking the NAPLEX. I graduated in 1996—nearly 30 years ago. It wasn't as easy as choosing between aspirin and Tylenol, but it was simpler. Over the years, complexity has increased—residencies, PGY2s, fellowships, infectious disease, oncology, etc. The exam has grown more challenging. And while you're not allowed to talk about the NAPLEX after taking it, we hear stories: someone gets an all-oncology version, someone else all HIV or cardiology. Today, students might go 15 to 16 months between finishing didactic work and sitting for the NAPLEX. That's a long gap. You P3s have APPEs that start during your third year, so depending on your schedule, it could be a long stretch between classroom learning and the exam. Ellie, what's your solution to that gap? And how are you using spaced practice? Ellie: I just got my enormous RxPrep book—over 1,000 pages. My question was: how can I break this up to make it less overwhelming and use my time wisely? I'm trying to match chapters to my APPEs so I'm walking into each one more prepared. Tony: And it's even harder now because the questions aren't in the book anymore. That's another $500. Ellie: Exactly. The content is so big it doesn't fit in one book. So now I read a chapter bit by bit, watch lecture videos for concepts I don't remember, then end with practice questions. That's part of the retrieval practice from Make It Stick. Tony: Right—trying to recall things helps solidify learning. And it looks great to your preceptor. You make a good first impression if you've reviewed guidelines and identified knowledge gaps beforehand. Instead of asking for help with major gaps two days before the rotation ends, it's better to start strong. Tell us how you matched chapters to your first APPE and beyond. Ellie: My first was a community clinical rotation, so I assigned myself chapters on compounding, non-sterile calculations, OTC counseling (allergic rhinitis, tobacco cessation, dietary supplements, etc.). I also drew on my work experience at a compounding pharmacy—placing that content early gave me time for harder chapters later. Tony: Are you getting into a rhythm now? Some people start with questions first to identify knowledge gaps. Ellie: I got both the book and online content. I try to read a bit, then watch videos if I get stuck, and then do test questions to reinforce the concepts. Tony: That makes sense. You're combining spaced and retrieval practice. Also, your preceptors don't have a packet of your history—they only know you're supposed to be prepared. Showing initiative and acknowledging gaps helps them help you. Now, you're in your academic block, which gives you more time. What chapters did you assign yourself? Ellie: I'm using this time to cover foundational science—lab values, drug references, etc.—that will set me up for acute care and ambulatory care later. I'm also catching up on any chapters I didn't get to. Tony: Great. What's your next APPE? Ellie: I'm heading to Amber Pharmacy in Omaha—a specialty rotation focused on hepatitis C, oncology, MS, and Crohn's. I assigned myself chapters on liver disease, transplant, cystic fibrosis, and sickle cell. Tony: Oncology is always a beast. Just know your limits—don't try to impress a BCOP with guesses. It's better to say what you do and don't know. Next rotation? Ellie: Acute care at Gundersen Lutheran in La Crosse, Wisconsin. I focused on more acute chapters—things I haven't covered yet but need to know. Tony: Makes sense. Did your preceptors give you guidance on which chapters to prioritize? Ellie: Yes, and I tried to be strategic—less time in heavier blocks, more content when I have flexibility. Tony: Next? Ellie: Infectious disease in Iowa City. I already did the ID elective, so I'm reviewing those chapters again, plus HIV and drug allergy. Tony: HIV can get really deep. Are you planning to take a practice NAPLEX? Ellie: Possibly. It might help assess whether I'm on track. Tony: Agreed. Okay, what's next? Ellie: Ambulatory care in Sioux City at a family medicine clinic—focusing on chronic disease and neurology. Also spacing out some community chapters. Tony: You'll probably be doing MTMs. Those can be a grind. Ellie: Yeah, calling patients who don't want to be called... fun times. Tony: After that? Ellie: An elective pharmacy rotation at One Arrow Rx in West Des Moines—they serve Metacap facilities and offer clinical services. I put more community topics there to balance the load. Tony: Final rotation? Ellie: My hospital rotation at Mary Greeley in Ames. Tony: So you'll finish with inpatient. That's great. You mentioned challenges—what were the biggest ones in making your schedule? Ellie: First, assigning chapters to my most specific rotations helped narrow things down. Then I realized RxPrep lists estimated study times for each chapter, which I hadn't considered. I'd go back and balance chapter hours more evenly across blocks if I had to revise. Tony: You're being hard on yourself. Just having this mapped out is a huge win. Final thoughts? Ellie: Nope, I think we covered everything. Thanks for having me. Tony: Thanks for being on the Pharmacy Residency Podcast!    

TLDR: Skip the grief process for now, take on Phase II, and email me if you want some quick advice [email protected]  Here's a list of the top reasons students get turned down for pharmacy residency programs, not necessarily ordered by most common to least common based on why you in particular did not match: Weak or Unfocused Letters of Intent A poorly written or generic letter of intent is one of the most common reasons candidates are overlooked. Programs want to see clear, specific reasons for your interest in their residency and how your experiences align. Poor Interview Performance Even strong candidates can falter in interviews if they fail to communicate their skills, goals, and personality effectively. Inadequate Clinical Experience Limited exposure to diverse rotations or insufficient patient care experience can make you seem unprepared for the demands of a residency. Weak CV or Resume Even with solid experience, a poorly formatted CV or lack of emphasis on accomplishments can weaken your application. Lack of Strong References or a Poor Recommendation Residency directors heavily rely on references. If your letters are vague or uninspiring, it can raise concerns about your performance or professionalism. Poor Professionalism or Attitude Residency directors look for candidates who are adaptable, humble, and collaborative. Arrogance, lack of teamwork, or failing to follow up can severely hurt your chances. Low or Unbalanced GPA While GPA isn't always a dealbreaker, a poor academic record may suggest you'll struggle with the demands of residency. Limited Leadership and Involvement Programs often seek candidates who demonstrate initiative, collaboration, and leadership through involvement in student organizations or volunteer work. Weak Research or Project Involvement While research experience isn't always mandatory, a lack of engagement in presentations, posters, or projects can make your application less competitive. Not Ranking Programs Strategically This mistake is common but avoidable. Candidates may undermine themselves by ranking too few programs or focusing only on highly competitive sites without backup options. Key Takeaway: Focus most on crafting a compelling letter of intent, preparing thoroughly for interviews, and maximizing clinical experience. Strengthen your CV, build strong mentor relationships for references, and demonstrate professionalism throughout the process, but get back on the horse and start emailing programs . . . now.   

Here's the website for the Interview Materials https://residency.teachable.com/p/interview What to Do Once You Get a Pharmacy Residency Interview Research the Program Dive deep into the residency program's structure, goals, and key rotations. Understand their mission statement and identify what makes them unique. This will help you tailor your responses and show genuine interest. Use the Excel file to match your APPEs to other residency rotations and offerings. Make sure you talk about PGY-2 if it's available.  Review Your Application Familiarize yourself with your CV and personal statement. Be prepared to discuss any experiences or projects you mentioned in detail. Highlight your achievements and how they align with the program's strengths. Again, it's the match, don't highlight your achievements as look at what I did, but look at how we are similar.  Practice Behavioral Questions Expect questions like, "Tell me about a time you overcame a challenge." Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and concisely. There is much more detail in the course about the ROCK STAR and RACE START questions and answers, you can also use those techniques on the supplemental questions.  Prepare Questions for Them Thoughtful questions show interest and engagement. Ask about mentorship opportunities, unique rotations, or the program's approach to professional development. Avoid questions you could easily find online. The best questions keep the conversation going.  Brush Up on Clinical Knowledge Be ready to answer clinical scenarios or demonstrate your thought process in solving problems. Review key disease states, drug interactions, and treatment guidelines relevant to the program's focus. You can find the list of links to TLDR clinical reviews here: https://residency.teachable.com/p/interview

I just wanted to remind you that I'm still offering one-on-one help with letters of intent for residency applications. If you'd like to work with me, simply head to residency.teachable.com. Look for the interview course, sign up there, and then email me your letter of intent. Make sure your letter is addressed and formatted according to the template provided in the free LOI course to your top choice. Include as much detail as possible—aiming for a page and a half is better than a single page because it's always easier to trim content than to add more later. When you send your email, I'll also ask for some additional information, like your CV and a link to the program you're applying to. I typically complete reviews within 24 hours, so don't worry if your deadlines are coming up. I'll make sure you're all set. The first letter review also comes with a template that can help you efficiently create the other 10 to 12 letters you might need for the remaining programs you're applying to. What to Do If a Residency Recommendation Comes in Late Applying for a residency program can be overwhelming, especially when critical documents like letters of recommendation are delayed. These letters are vital as they provide insights into your skills, work ethic, and potential as a future clinician. If you're facing the challenge of a late recommendation, don't panic. Here's how to navigate this situation effectively: Stay Calm and Assess the Situation Determine who the recommender is, when they committed to submitting the letter, and how late the recommendation is. Understanding these details will help you plan your next steps. Follow Up Politely Life happens, and delays are sometimes unavoidable. Send a polite reminder to your recommender, either via email or phone, and offer to provide any additional information or assistance. Use Multiple Communication Channels If email doesn't prompt a response, consider calling or stopping by their office, if appropriate, to follow up. Notify Your Program Coordinator If the deadline is approaching, inform your program coordinator. Many application systems, like PhORCAS, allow for late submissions of recommendation letters and transcripts as long as the rest of your application is complete. Have a Backup Plan If your primary recommender cannot provide the letter, identify an alternative who can write a strong letter on short notice. Remain Professional Avoid expressing frustration or anger. Maintain professionalism, as your recommender is helping you by writing the letter. Plan for the Future Request letters well in advance, provide clear instructions, and set internal deadlines to avoid similar issues in the future. You can handle a late recommendation with professionalism and grace by following these steps. Residency programs value applicants who demonstrate resourcefulness and composure in challenging situations. What to Do If a Residency Applicant's Transcript Will Be Late Your academic transcript is another essential part of your residency application, providing programs with a record of your academic performance. If you discover that your transcript will be delayed, here's how to address the issue: Contact Your Registrar Immediately Reach out to your school's registrar to understand the cause of the delay and inquire about expedited options, such as rush processing or electronic submission. Inform the Residency Programs Notify the residency programs about the delay and provide them with an estimated timeline for when the transcript will arrive. Provide Temporary Documentation If possible, submit an unofficial transcript as a temporary measure until the official document is available. Use Expedited Shipping If the issue is related to mailing, explore expedited shipping options like FedEx to speed up delivery. Check Platform Policies Review the application platform's policies. Many systems allow applicants to submit incomplete applications initially, with delayed documents added later. Plan Ahead Request transcripts as early as possible, confirm receipt with the application platform and ensure all outstanding fees are paid to avoid delays. Managing a late transcript requires clear communication and proactive measures. By keeping programs informed and exploring temporary solutions, you can minimize the impact of the delay. Both late recommendations and late transcripts can be stressful, but they are opportunities to demonstrate your ability to handle unexpected challenges—an essential skill for any future resident.

Welcome to the Pharmacy Residency Podcast! I just wanted to remind you that I'm still offering one-on-one help with letters of intent for residency applications. If you'd like to work with me, simply head to residency.teachable.com. Look for the interview course, sign up there, and then email me your letter of intent. Make sure your letter is addressed and formatted according to the template provided in the free LOI course. Include as much detail as possible—aiming for a page and a half is better than a single page because it's always easier to trim content than to add more later. When you send your email, I'll also ask for some additional information, like your CV and a link to the program you're applying to. I typically complete reviews within 24 to 48 hours, so don't worry if your deadlines are coming up. I'll make sure you're all set. The first letter review also comes with a template that can help you efficiently create the other 10 to 12 letters you might need for the remaining programs you're applying to. One quick tip: don't limit yourself to just applying to four programs because of financial constraints. While budgets can be tight, applying to too few sites often limits your opportunities. Find a way to maximize your applications—it can make a huge difference. If you have any questions, feel free to email me at [email protected]. Again, I can turn your letter around in 24 to 48 hours, so deadlines are no problem. Thanks for listening, and I'm here to help you succeed!

Free Residency Application DIY Course https://residency.teachable.com/ How to Win an Interview at ASHP Midyear Preparation is Everything Research programs thoroughly before arriving. Understand each program's unique features and align them with your career goals. Prepare a succinct, engaging "elevator pitch" to introduce yourself to program representatives, but stop talking an listen after  Polished Materials Ensure your CV is tailored, error-free, and professional. Bring plenty of printed copies and have a digital version ready to share (you probably won't use them, but it's good to be prepared with what you have done)  Networking Like a Pro Attend showcase events and take the initiative to introduce yourself to preceptors and residents, but focus on residents!  Engage in meaningful conversations, showing genuine interest in the program. Follow up promptly with thank-you emails to reinforce your impression if you met someone and know their name and have something more you want to know  Acing the Interview Practice common and behavioral interview questions, highlighting your clinical experiences and problem-solving skills. Be ready to discuss specific cases, rotations, and how they prepared you for a residency. Ask insightful questions to demonstrate your interest and commitment to the program. Managing Stress and Staying Confident Keep a positive mindset throughout the conference. Plan breaks to avoid burnout and maintain your energy. Stay organized with a schedule of key events and prioritized program visits. Building Long-term Relationships Use Midyear as a networking opportunity beyond just the residency showcase. Connect with peers, mentors, and professionals to expand your support network. Keep track of contacts and continue nurturing those relationships post-conference. This podcast equips listeners with the tools they need to navigate the ASHP Midyear with confidence and professionalism, helping you maximize the chances of landing your ideal residency. Tune in to learn how preparation, networking, and resilience can make all the difference!

Free  DIY Residency Prep Course Link: https://residency.teachable.com/ Coupon Code: MEMORIZING2024 If you want my one-on-one help with the LOI, sign up for the Residency LOI One-on-One Help and Interview Course and send your LOI to me at [email protected] for revision.  In this episode, we break down a Residency Application Rubric to help you assess your strengths, identify gaps, and build a winning pharmacy residency application. From GPA and clinical rotations to leadership roles and community service, we'll guide you on how to prioritize and rank your experiences effectively. Whether you're just starting or polishing up your final submission, this episode gives you the tools you need to feel confident and prepared. Tune in and make sure you're on track to land your dream residency.   

$95 dollar coupon is MEMORIZING2024 (all caps)  In this episode, I give my general recommendations for the residency process and give you the free code above for the Extreme LOI/Cover Makeover course focuses on crafting standout Letters of Intent (LOI) for pharmacy residency applications. It includes templates, video guides, and editing assistance to refine LOIs, emphasizing clarity and professionalism. The course also covers CV writing and interview prep to help candidates increase their match success. Participants can access resources for a year. If you are interested in working one-on-one with me for LOI editing and revision, email me at [email protected]  For more details, and to use the coupon visit the course page. The Extreme LOI/Cover Makeover course is divided into 12 key sections, focusing on: Personal branding and writing style, Structuring a compelling LOI, Identifying residency goals, Tailoring LOIs to programs, Highlighting skills and experiences, Demonstrating fit with specific programs, CV writing tips, Common application errors to avoid, Personal statement guidance, Interview prep, Finalizing documents, and Editing assistance and review options. Each section aims to improve LOI quality for a stronger residency application. 

In this multi-part series we're going to start looking at what makes residency applications stand out. One of the wow moments, is if you have your name as an author on a peer-reviewed publication, but there are other reasons to publish as well, including finding where your area of specialty is. Want to work with me one-on-one on your letter of intent, you can find some free resources here to get started. https://residency.teachable.com/   

The lack of urgency with preparing for the NAPLEX and MPJE always bothered me. It's like here's the one thing that if you don't pass, you don't work, and students are completing APPE requirements instead of getting deep into their preparation. In this episode, I talk about how NAPLEX pass rates which were in the high 90s in 2009 are now in the high 70s. Only 1554 students last year graduated from a school of pharmacy with a pass rate in the 90s. Make sure you prepare early and often for the NAPLEX. I reference a pharmacology review course here: https://residency.teachable.com/p/mobile and that TLDRPharmacy has some great MPJE materials.   

My wife and I matched in the old scramble (which is now more organized as Phase II) but 15 years later she is in an ambulatory care clinical position and I have been teaching in college for that same time, both jobs we love. In this episode, I talk about the importance of mentors and how those residencies available in the scramble can lead to an excellent career that is very work/life balance excellent as well.  Need help preparing for the NAPLEX, check out my online self paced pharmacology course here  https://residency.teachable.com/p/mobile  

Phase II is about speed. With over 700 unfilled PGY 1 positions and only a few hundred more than that who will put in applications, you do have a very good chance in Phase II. If you want my one-on-one help go to https://residency.teachable.com/p/phase2 My turnaround is around 24 hours.  The data show that you should have a better than 50% chance of matching in Phase II this  year with the number of available positions, even better if you are looking for a community pharmacy position.  Have questions, email me at [email protected] 

The odds of matching to residency are very dependent on the school of pharmacy you are going to, while the top schools match above 90%, the lowest schools match at 20%, so it's still a good idea to start job hunting before the match because there are hundreds of pharmacists getting the news on the exact same day.  If you need my help in Phase II, you can find my website here, I expect there will be close to 700 open positions after Phase I.   https://residency.teachable.com/ Good luck! 

The biggest residency interview mistake is not focusing on being positively remembered as there are many applicants, and standing out takes the 5 Ps: People PGY-2 Professionalism Purpose Practice. With those in your tool belt, you can continue the conversation after the interview to ensure you are not forgotten. Need my help, check out https://residency.teachable.com/p/interview   

It's exciting and stress-relieving when that first interview offer comes in, but do you know what to do? In this episode, I've gone over the first steps and you can check out the course I have to see if it's something that you want help with your presentation PowerPoint and need email support. Sometimes you just don't want to ask your professors questions. Anyway, you can find the free Case Study document and link to the course here:  https://residency.teachable.com/  

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   

You can find the free template here, just hit "Preview." You just need to scroll down some.  https://residency.teachable.com/p/extremeloi It's not your fault, but you can't say it's their fault, in this episode I help you walk the line to articulate you handle things as a professional. Got questions for me? [email protected] 

In this episode, I go over the factors that will stand as the headwinds against your matching vs. some of the tailwinds that will help you get there and it depends a lot on where you go to school and where you apply. Some of these factors you can affect, some you can't, but the most important thing is to recognize where to spend your time over the next few weeks to get the very best chance. Need my one one-on-one help, go to https://residency.teachable.com/p/extremeloi where you can find the free template I talk about in the video. 

You just realized how many people you are competing against and how qualified they are. How in the world are you going to stand out? Start by worrying about the match rather than winning the "best applicant." Often the rubrics end up in multiple ties and it's the relationships that matter more than anything else. Need my one on one help, hit me up at https://residency.teachable.com/ 

If you're an introvert, you're likely dreading the interview. The key is to get out of your own head by becoming more interested in the other person than you are about trying to tell your own story. It may sound counter-intuitive, but if you put the other person first, you'll find yourself landing a residency in the fall. Here's the residency interview book: https://www.audible.com/pd/100-Strong-Residency-Interview-Questions-Answers-and-Rationales-Audiobook/B07M9S9DYS?source_code=AUDFPWS0223189MWT-BK-ACX0-137816&ref=acx_bty_BK_ACX0_137816_rh_us  

Work one-on-one with me here: https://residency.teachable.com/ ASHP MidYear creates a ton of fear of missing out, but what happens is that students get there and find that they really missed an opportunity. The key is not to make the big 5 mistakes  Not recognize it is the RESIDENCY showcase (not future resident showcase) Miss the resident poster presentations on Wednesday  Apply for a prestige residency rather than focusing on the people  Use a generic letter of intent or cover letter, and not get to know yourelf Not take advantage of the opportunity to improve your interview skills 

Book Strong Residency Letter of Intent  https://www.audible.com/pd/B07ZL4Q7PX/?source_code=AUDFPWS0223189MWT-BK-ACX0-169438&ref=acx_bty_BK_ACX0_169438_rh_us Tool like ChatGPT can provide a letter of intent in just a few seconds. However, that generative AI comes from the examples ChatGPT found from others and can result in letters that are very similar to other applicants. Your biggest concern should be if you are forgotten in a sea of applications. By using generative AI properly, you can gain an advantage. By using it wrong, you might be labeled a cheater and not considered. In this episode, I help you walk the straight and narrow. 

We welcome Tae Kim to the Pharmacy Residency Podcast to give his tips on financial success and the step-by-step process to get to financial freedom.  This is Part 2 of 2.  Here is a link to his website:  https://www.youtube.com/c/taekimfinancialtortoise  

We welcome Tae Kim to the Pharmacy Residency Podcast to give his tips on financial success and the step by step process to get to financial freedom.  This is Part 1 of 2.  Here is a link to his website:  https://www.youtube.com/c/taekimfinancialtortoise  

We welcome Jim Dahle to the Pharmacy Residency Podcast to give his tips on financial success and the step by step process to get to financial freedom.  This is Part 2 of 2.  Here is a link to his book https://www.amazon.com/White-Coat-Investors-Financial-Boot/dp/B07T4KT9DQ/ 

We welcome Jim Dahle to the Pharmacy Residency Podcast to give his tips on financial success and the step by step process to get to financial freedom. Here is a link to his book https://www.amazon.com/White-Coat-Investors-Financial-Boot/dp/B07T4KT9DQ/ 

I've got a way that you can get a discount on this season's pharmacy residency letter of intent preparation, looking forward to taking this journey with you 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/ 

As student loans come back into student and resident's lives, I brought on an expert who can help you navigate the process. You can find him here: https://pharmdfp.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/ 

NAPLEX Link: https://www.memorizingpharm.com/ MPJE Link: https://www.tldrpharmacy.com/mpje-resources Passing the NAPLEX and MPJE is often a situation where you wonder how the time passed so fast and if you are prepared. In this episode, I go over several tips to get you through the exams.

Unicorn Job Book: 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 It should only take ten years to earn a million, but how long does it take to keep a million? Twenty-seven years according to Dave Ramsey and the Money Guy. In this episode, I give you a different way to think about money and getting to a less daunting goal than 1 to 4 million in net worth. 

They say it's not what you make it's what you keep. Here's an interesting look at how much pharmacists keep. One thing that keeps you moving forward is being in a job you love, here's some jobs other pharmacists love 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 

I predict around 600 matches for Phase II match day with around 75 spots left over for the scramble. I don't think there will be only 400 rejected applicants in Phase II leaving a lot of room for going after those 75 spots if you want them. If you just want to chat about your situation, email me at [email protected] 

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 

Pharmacology Course: https://residency.teachable.com/ NAPLEX Pass Rates start at 21% and average out at 80% and MPJE Pass Rates start at 25% and average out at 77%. While it may not be fair, RPDs would do well to at least ask how your NAPLEX and MPJE preparation is coming along and I make a recommendation that RPDs should bring their cohorts together in an MPJE group to learn the laws as failing either can be disastrous. If you are going to the VA, get licensed in Idaho so there is zero chance you will fail the MPJE. 

Conversations fly back and forth between RPDs and candidates way before the application window opens. Make sure you have a good email of interest to help build, sort, and qualify your final list to apply to. You can find the template here https://residency.teachable.com/ and if you want my one-on-one help with your LOI and emails, sign up for the Phase 2 course and email me at [email protected] 

While the quality of residency applicants has gone down dramatically, residency sites are not lowering their standards and we have tremendous opportunities for good students to still get residencies. Check out https://residency.teachable.com/p/phase2 or contact me with questions! I'm so excited to help you guys turn this tough day into an April victory! 

I am introducing a pivot to the show in this episode, where it will become the Pharmacy Residency and Money podcast, where we will talk about career, health, and wealth related to residency. Residencies will be relatively easy to get, with an over 80% match rate in the near future and into the 90s over the next three years. My role has moved from helping applicants just get a residency to earning one that is better for their career, health, and wealth with better culture, hours, and pay.  Two books I've written include  Finding Your Unicorn Job  https://www.audible.com/pd/B07RSDRQK6/?source_code=AUDFPWS0223189MWT-BK-ACX0-151638&ref=acx_bty_BK_ACX0_151638_rh_us Debt-Free Pharmacy Student  https://www.audible.com/pd/B0BFKMMX1F/?source_code=AUDFPWS0223189MWT-BK-ACX0-322749&ref=acx_bty_BK_ACX0_322749_rh_us To start off, I recommend you also listen to another podcaster I follow and know, Derek John Delaney, a certified financial planner who has the PharmD Money Podcast, Episode 50, about retiring by 50 if you want to hear his thoughts on retiring at a somewhat early age.  https://pharmdfp.com/podcast  

What do you do while you are waiting for Match Day? In this episode, I go over some ways to calm your mind and look to the future. Need my help for Phase II, hit me up at https://residency.teachable.com/p/phase2 

Don't bother trying to game it. Put your honest 1st, 2nd, and 3rd picks in there and focus on those. I'm telling you, you're 91% likely to get one of those three. If you need my help for Phase II, go to https://residency.teachable.com/p/phase2. Your chances are good, it will still require a good application, but Phase II is a viable thing this year. Contact me at [email protected] if you want my one-on-one help. 

Interview Course: https://residency.teachable.com/p/interview How many interviews DID you get? How many interviews SHOULD you get? knowing these answers helps predict whether you will get ranked by your favorite residency sites. The odds are in your favor, but a few thousand will still go without a residency. However, I predict Phase II will have many spots available if you still want to go after it. In this episode, I go through the data to get you some answers.  Need my help, email me at [email protected] 

Interview Course: https://residency.teachable.com/p/interview I go through several recent Reddit posts to answer questions that are top of mind. The big thing is that if you didn't get an interview or only got a few, you need to figure out why. Here are the top reasons 1. Toxic Recommendations 2. Too many out-of-state applications 3. College has a poor match rate 4. LOI is generic  Need my help, email me at [email protected] 

Would you like to be the applicant who has the spot-on answers for a clinical case or residency interview question? In this episode, I show you how to predict many of the questions and areas you'll be asked. You can find the free download here: https://residency.teachable.com/digital-products/enrolled/30479  

A great presentation starts with well-formatted slides. In this video, I go over three very simple tips to improve your residency or residency application presentation. If you want me actually to edit your slides go to: https://residency.teachable.com/p/interview where slide editing is part of the course bundle. 

As the Google doc fills up with screening interviews, days programs will send out interviews, and actual interviews, the big key for this first round is winning your cohort. Many times you don't have to beat everyone; you just have to be in the top couple of students in your group and the best way to do that is to know how you're scored and earn points. In this course, I go over that method which you can get for 25% off using the code PODCAST25OFF  https://residency.teachable.com/p/interview

Need same-day help with an LOI or supplemental essay, send it to me at [email protected] You can get the free version of Phone Interview Survival Tips here on December 31st, January 1st, and January 2nd https://www.amazon.com/Phone-Interview-Survival-Tips-Introverts-ebook/dp/B07M76PMX5/ or the audiobook here  https://www.audible.com/pd/Phone-Interview-Survival-Quick-Tips-for-Introverts-and-Extroverts-Audiobook/B07NPXWXQF?source_code=AUDFPWS0223189MWT-BK-ACX0-142847&ref=acx_bty_BK_ACX0_142847_rh_us      

The first interviews are going out, but don't expect most to come until the first weeks of January; however, with the anecdotal evidence we have a lower residency applicant volume, you might get your invitation a bit sooner and more of them.  You can find all the free resources I talk about here, including the link to the Google Doc: https://residency.teachable.com/p/interview  

Don't push submit because you're exhausted! I'm turning documents around in 24 hours; if you still need help with your LOI and/or supplemental essay, just sign up here https://residency.teachable.com/p/extremeloi I work through holidays, just getting up really early to do this stuff as I know how important it is. Questions? Hit me up at [email protected]