Shows
Built For Life, Not Just WealthEpisode 338 - When Money Stops Being the Problem And Becomes the TensionIn this episode of "Built For Life, Not Just Money," hosts Ryan Burklo and Alex Collins delve into the complexities of wealth management beyond mere financial metrics. They discuss how, for high net worth individuals, money transitions from being a problem to a source of tension, as conversations shift from basic financial survival to deeper questions about values, legacy, and the purpose of wealth. The hosts emphasize the importance of understanding one's values and priorities when it comes to financial decisions, highlighting the need for a decision-making framework rather than traditional budgeting methods, which often fail to address the...
2026-02-0217 minBuilt For Life, Not Just WealthEpisode 337 - Crafting a Future That Shapes TodayIn this episode of "Built for Life Not Just Wealth," Ryan Burklo and Alex Collins discuss the importance of aligning financial planning with life events rather than just focusing on wealth accumulation. They emphasize how significant life moments—whether joyous or challenging—can shift perspectives on money, highlighting that financial security allows individuals to make decisions without the burden of financial stress. The conversation also touches on the need for flexibility in financial planning, advocating for liquidity and a cash flow system that empowers clients to prioritize their life experiences over mere wealth optimization. Check out our webs...
2026-01-2617 minBuilt For Life, Not Just WealthEpisode 336 - Built For Life, Not Just WealthIn this episode of Beer and Money, hosts Ryan Burklo and Alex Collins announce an exciting rebranding of their podcast to 'Built for Life, Not Just Wealth.' They reflect on the origins of the podcast, which began as a casual lunch-and-learn session at Amazon's Brave Horse restaurant, where they aimed to make discussions about money more approachable and less stressful. Over time, they realized that their conversations have evolved to focus more on how money impacts life, rather than just the numbers themselves. This shift is driven by feedback from their clients, who are more interested in how...
2026-01-1910 minBuilt For Life, Not Just WealthEpisode 335 - Navigating the Risks of Over-Concentrated Stock PositionsIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the challenges and strategies associated with over-concentrated stock positions, particularly in the context of tech companies and other large firms. They explore the risks of having a significant portion of one's wealth tied to a single stock, the emotional connections that can complicate decision-making, and the importance of coordinated financial planning. The conversation covers various strategies for unwinding concentrated positions, including selling shares, tax implications, and alternative methods such as options and exchange funds. The hosts emphasize the need for a systematic approach to managing concentrated...
2026-01-1218 minBuilt For Life, Not Just WealthEpisode 334 - The Illusion of ProgressIn this episode of Beer and Money, Ryan Burklo discusses the common misconception of financial progress, particularly among high earners who may feel stressed despite increasing net worth. He emphasizes the importance of building confidence in financial planning, understanding cash flow, and having clarity about one's financial situation. The conversation highlights the need for proactive financial management and the value of working with a financial advisor to navigate uncertainties and optimize financial outcomes. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our ne...
2026-01-0514 minBuilt For Life, Not Just WealthEpisode 333 - Why Does It Feel Like Financial Planning is a Moving Target?In this episode of Beer and Money, Ryan Burklo discusses the complexities of financial planning, emphasizing the ever-changing nature of financial goals due to various life factors. He highlights the psychological barriers that prevent individuals from engaging in financial planning and stresses the importance of understanding personal goals. Ryan outlines the necessity of a comprehensive financial plan that accommodates market volatility and provides peace of mind. He encourages listeners to take proactive steps in their financial planning and offers resources for further assistance. #financialplanning #equitycompensation #marketvolatility #psychologicalbarriers #cashflowplan
2025-12-2912 minBuilt For Life, Not Just WealthEpisode 332 - Holiday Reflections: What Truly MattersIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the significance of the holiday season as a time for reflection on family, values, and financial planning. They explore the emotional aspects of spending time with loved ones, the expectations that come with hosting, and the importance of having meaningful conversations about legacy and future planning. The hosts encourage listeners to take actionable steps towards what truly matters in their lives, emphasizing that money is merely a tool to facilitate a fulfilling life. Check out our website: beerandmoney.net Find us on Y...
2025-12-2219 minBuilt For Life, Not Just WealthEpisode 331 - Your Financial Plan: Organize & PrioritizeIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the complexities of financial planning, emphasizing the importance of organization, prioritization, and clarity in achieving financial goals. They explore common misconceptions clients have about their financial situations and provide a structured framework for effective financial planning. The conversation highlights the need for income protection, cash flow organization, and the automation of financial decisions to ensure a smooth planning process. Additionally, they address common mistakes made in financial planning and the significance of reviewing and adjusting plans regularly. Check out our website: beerandmoney.net
2025-12-1521 minBuilt For Life, Not Just WealthEpisode 330 - Are You Planning Financially Backwards?In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the common pitfalls of linear financial planning, emphasizing the importance of understanding personal values and future aspirations. They advocate for a future-first approach to financial planning, which allows individuals to align their financial decisions with their life goals, ultimately leading to a more fulfilling and less stressful financial journey. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now Check out our Instagram: https://w...
2025-12-0816 minBuilt For Life, Not Just WealthEpisode 328 - Thankful for what you get to do vs what you have to doIn this episode of Beer and Money, Ryan Burklo and Alex Collins reflect on the significance of Thanksgiving and the role of money in family life. They discuss the balance between financial success and enjoying the present, emphasizing the importance of intentional choices and shifting mindsets. The conversation highlights how stress can overshadow meaningful experiences, especially during the holiday season, and encourages listeners to build their financial plans around their values and what truly matters to them. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe...
2025-11-2421 minBuilt For Life, Not Just WealthEpisode 327 - How Ryan is funding his kid's college educationIn this episode, Ryan Burklo and Alex Collins discuss the intricacies of college planning, focusing on Ryan's personal experience with his daughter touring the University of Arizona. They explore various funding strategies for education, emphasizing the importance of flexibility in financial planning. The conversation also touches on navigating the FAFSA process, the emotional aspects of financial decisions, and the significance of seeking advice from knowledgeable sources. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now Check...
2025-11-1725 minBuilt For Life, Not Just WealthEpisode 326 - Rules Around Inherited IRAsIn this episode of Beer and Money, Ryan Burklo discusses the essential rules and obligations associated with inheriting an IRA. He explains the importance of understanding required minimum distributions (RMDs), the tax implications of withdrawals, and the necessary steps to set up an inherited IRA correctly. The conversation emphasizes the need for strategic financial planning and coordination with tax professionals to ensure compliance and optimize tax outcomes. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now C...
2025-11-1009 minBuilt For Life, Not Just WealthEpisode 323 - Safeguard your Wealth: A conversation with Rob BukacekIn this episode of Beer and Money, Ryan Burklo and Rob Bukacek delve into the intricacies of estate planning, focusing on a sample client with a $4 million estate. They discuss the importance of revocable living trusts, the avoidance of probate, and the management of assets to ensure they are passed on to heirs in a protected manner. The conversation also touches on the implications of spousal trusts, estate taxes, and strategies for safeguarding assets for future generations, emphasizing the need for careful planning to protect family wealth. Check out our website: beerandmoney.net Find us o...
2025-10-2031 minBuilt For Life, Not Just WealthEpisode 322 - The Rise of Alternative Strategies in Retirement PlanningIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the integration of private equity and alternative assets into 401k plans. They explore the performance of endowments, the nature of private equity and private debt, and the associated risks. The conversation emphasizes the importance of understanding these investment options, the role of 401k plans in holding illiquid assets, and the need for informed decision-making to avoid chasing returns without proper knowledge. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: h...
2025-10-1320 minBuilt For Life, Not Just WealthEpisode 321 - Tax Loss HarvestingIn this episode of Beer and Money, Ryan Burklo discusses tax loss harvesting, a strategy to reduce taxes by selling investments that have lost value. He explains the mechanics of tax loss harvesting, its benefits, and the importance of working with financial professionals to align tax strategies with personal financial goals. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/l...
2025-10-0608 minBuilt For Life, Not Just WealthEpisode 320 - Let's Talk About Interest RatesIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the recent interest rate cuts by the Federal Reserve, exploring the implications for savings accounts and debt financing. They emphasize the importance of understanding market-based returns and cash flow when making financial decisions. The conversation also touches on the significance of individualized financial planning and the need for professional guidance in navigating these changes. Check out our website: beerandmoney.net Find us on YouTube: https://www.youtube.com/@beerandmoney Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now F...
2025-09-2917 minBuilt For Life, Not Just WealthEpisode 319 - 5 Questions to ask when interviewing a Financial AdvisorIn this episode of Beer and Money, Ryan Burklo discusses essential questions to ask when interviewing financial advisors. He emphasizes the importance of understanding personal goals and finding an advisor who aligns with those goals. The conversation covers key topics such as advisor compensation, services offered, and how to measure success in the client-advisor relationship. Ryan provides actionable insights to help listeners make informed decisions when selecting a financial advisor. #financialadvisor #questionstoask #personalfinance #wealthmanagement #client-advisorrelationship #financialplanning #investmentstrategies #advisorcompensation #successmeasurement
2025-09-2208 minBuilt For Life, Not Just WealthEpisode 318 - Small Thinking vs Big ThinkingIn this episode of Beer and Money, Ryan Burklo discusses the contrast between small thinking and big thinking in financial planning. He emphasizes the importance of focusing on larger financial goals rather than getting caught up in minor savings habits, such as cutting out small luxuries like Starbucks. By analyzing the impact of lifestyle choices on savings and the power of incremental changes, Ryan illustrates how a small adjustment in spending can lead to significant wealth accumulation over time. He encourages listeners to adopt a big picture mindset to enhance their financial well-being. Check out our website: b...
2025-09-1511 minBuilt For Life, Not Just WealthEpisode 317 - What Happens After Seven FiguresIn this episode of Beer and Money, Ryan Burklo discusses the financial risks that arise once individuals surpass the seven-figure mark in assets. He emphasizes that contrary to popular belief, reaching this milestone does not simplify financial management; rather, it introduces new complexities and risks. The conversation highlights three main issues: the shift in control from savings to investments, the feeling of being stuck in wealth accumulation, and the dangers of concentrated holdings in investments. Burklo stresses the importance of having a coordinated financial strategy to navigate these challenges effectively. Check out our website: beerandmoney.net
2025-09-0811 minBuilt For Life, Not Just WealthEpisode 316 - Top 3 Portfolio MistakesIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the three most common portfolio mistakes they encounter with clients. They emphasize the importance of understanding asset classes, avoiding over-concentration in US large stocks, and ensuring proper diversification to mitigate risks. The conversation highlights the significance of a balanced investment strategy and the need for clients to be aware of their portfolio's composition and associated risks. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo T...
2025-09-0124 minBuilt For Life, Not Just WealthEpisode 315 - Retirement Rich, Cash PoorIn this episode of "Beer and Money," Ryan Burklo explores why many people feel financially stressed despite having significant retirement savings. He highlights the importance of taxable brokerage accounts in providing financial flexibility and reducing stress. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo TAKEAWAYS Many individuals feel financially constrained because their savings are tied up in retirement accounts. Taxable brokerage accounts offer liquidity and flexibility, allowing access to funds without penalties. Balancing retirement savings with l...
2025-08-2506 minBuilt For Life, Not Just WealthEpisode 314 - How Are Your Assets Taxed?In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the critical topic of how assets are taxed and the implications for financial planning. They explore the importance of understanding tax brackets, the different types of taxable buckets, and strategies for tax efficiency. The conversation emphasizes the need for tax diversification and the impact of cash flow versus asset shifting on retirement income. The hosts provide insights into how listeners can better prepare for their financial future by considering taxation in their investment strategies. Check out our website: beerandmoney.net For a q...
2025-08-1822 minBuilt For Life, Not Just WealthEpisode 313 - Sequence of Returns RiskIn this episode of Beer and Money, Ryan Burklo discusses the critical concept of sequence of returns risk and its significant impact on retirement planning. He explains how market fluctuations during the initial years of retirement can affect the longevity of a retirement portfolio. Ryan emphasizes the importance of having a diversified investment strategy to mitigate risks associated with market downturns and ensure financial stability throughout retirement. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways
2025-08-1108 minBuilt For Life, Not Just WealthEpisode 312 - Will Your Savings Last?In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the critical question of whether savings will last through retirement. They explore common mistakes made by pre-retirees and retirees, emphasizing the importance of strategic planning and understanding the risks associated with outliving savings. The hosts introduce the Monte Carlo simulation as a tool for assessing financial risks and analyze different investment strategies to enhance retirement income. They highlight the significance of diversification and the need for a balanced approach to retirement planning, ultimately encouraging listeners to consider their financial strategies carefully. Check out our...
2025-08-0424 minBuilt For Life, Not Just WealthEpisode 311 - What are the Different Types of Life Insurance with Mark SanGiacomoIn this episode of Beer and Money, Ryan Burklo, Alex Collins, and Mark SanGiacomo delve into the complexities of life insurance, discussing its various types, the importance of income replacement, and how to determine the right amount of coverage. They explore the differences between term and permanent insurance, including whole life and universal life policies, emphasizing the need for personalized financial planning. The conversation highlights the significance of understanding insurance products, their benefits, and potential drawbacks, ultimately guiding listeners towards making informed decisions about their financial security. Check out our website: beerandmoney.net For a q...
2025-07-2840 minBuilt For Life, Not Just WealthEpisode 310 - Top 3 Questions to Ask When Interviewing AdvisorsIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss essential questions to ask when searching for a financial advisor, particularly from the perspective of their mothers. They explore the importance of understanding the advisor's process, compensation models, and the need for coordination with other professionals. The conversation emphasizes trust, transparency, and the fiduciary responsibility of advisors, providing listeners with valuable insights for making informed decisions about their financial planning. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/l...
2025-07-2115 minBuilt For Life, Not Just WealthEpisode 309 - How to Prioritize So You Can Retire Part 2In this episode, Ryan Burklo and Alex Collins discuss the essential elements of prioritizing a financial plan. They emphasize the importance of cash flow, income protection, and the balance between savings rate and rate of return. The conversation also covers debt management strategies, the significance of estate planning, and the implications of asset location on taxes. The hosts provide actionable insights for listeners to enhance their financial strategies and ensure a secure financial future. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/l...
2025-07-1444 minBuilt For Life, Not Just WealthEpisode 308 - How to Prioritize So You Can Retire Part 1In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the essential components of financial planning, focusing on the question many people ask: 'When can I be done working?' They emphasize the importance of understanding cash flow, income planning, protection strategies, asset management, and managing liabilities and taxes. The conversation highlights the need for a comprehensive approach to financial organization, ensuring that all aspects of a financial plan work together cohesively to support a desired lifestyle in retirement. Check out our website: beerandmoney.net For a quick assessment of your current f...
2025-07-0724 minBuilt For Life, Not Just WealthEpisode 307 - Should You Overpay Your Mortgage? Part 2In this episode, Ryan Burklo and Alex Collins discuss the implications of overpaying a mortgage and explore alternative strategies for managing cash flow and financial planning in retirement. They emphasize the importance of flexibility in financial decisions, particularly regarding mortgage payments, and the role of life insurance in providing additional security and cash flow. The conversation highlights the need for strategic planning to address potential financial challenges in retirement, such as market volatility and unexpected expenses. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.l...
2025-06-3018 minBuilt For Life, Not Just WealthEpisode 306 - Should You Overpay Your Mortgage? Part 1In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the common financial question of whether individuals should overpay on their mortgages. They explore the implications of mortgage overpayment on cash flow, financial stress, and overall financial planning. The conversation emphasizes the importance of liquidity and how having access to cash can alleviate financial worries, especially as individuals approach retirement. Through various strategies, they illustrate how managing cash flow effectively can lead to better financial outcomes and peace of mind. Check out our website: beerandmoney.net For a quick assessment of your c...
2025-06-2319 minBuilt For Life, Not Just WealthEpisode 305 - State of Washington Estate Tax: What You Need To Know NowIn this episode, Ryan Burklo and Alex Collins discuss the impending changes to the Washington State estate tax, including updates to the exemption limits and tax rates. They emphasize the importance of proper estate planning to navigate these changes effectively and ensure that individuals and families can protect their assets and minimize tax liabilities. The conversation highlights the need for coordination among financial advisors, estate planning attorneys, and CPAs to create a comprehensive estate plan that addresses both state and federal tax implications. Check out our website: beerandmoney.net For a quick assessment of your c...
2025-06-1621 minBuilt For Life, Not Just WealthEpisode 304 - What is Index Investing?In this episode of Beer and Money, Ryan Burklo and Alex Collins delve into the intricacies of index investing, particularly focusing on the S&P 500. They discuss common misconceptions about index investing, the importance of diversification, and the risks associated with over-concentration in large-cap stocks. The conversation also touches on the differences between active and passive investing strategies, emphasizing the need for a well-rounded approach to portfolio management. The hosts aim to educate listeners on making informed investment decisions and understanding the market dynamics that can impact their financial future. Check out our website: beerandmoney.net
2025-06-0920 minBuilt For Life, Not Just WealthEpisode 303 - What is Mortgage Recasting?In this week's episode of Beer and Money, Ryan Burklo explains the concept of mortgage recasting — a lesser-known alternative to refinancing. He walks listeners through a scenario in how this process works. While not available through all lenders (especially federal loans), mortgage recasting can be a valuable strategy for those looking to improve cash flow or prepare for retirement without refinancing at a higher interest rate. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Definition of...
2025-06-0205 minBuilt For Life, Not Just WealthEpisode 302 - Lessons From Our ClientsIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the valuable lessons learned from their experiences with clients over the years. They explore the importance of maintaining emotional balance, planning for both success and worst-case scenarios, and the significance of taking time for family and personal health. The conversation emphasizes the need for flexibility in financial planning and the evolving nature of personal goals. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways
2025-05-2619 minBuilt For Life, Not Just WealthEpisode 301 - How Buffered ETFs Can Fit Into Your Financial PlanIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the role of buffered ETFs in financial planning. They explore the mechanics of buffered products, including their potential for equity exposure and downside protection. The conversation delves into how these products can be integrated into financial strategies, particularly for individuals nearing retirement or already retired. The hosts emphasize the importance of understanding the risks and returns associated with buffered ETFs and how they can provide flexibility in investment decisions. Check out our website: beerandmoney.net For a quick assessment of your current f...
2025-05-1923 minBuilt For Life, Not Just WealthEpisode 300 - Retirement Strategies Beyond Market DependencyIn this episode, Ryan Burklo and Alex Collins discuss effective retirement planning strategies that ensure individuals are not solely dependent on market performance for their retirement income. They emphasize the importance of liquidity, market risks, and the need for a diversified approach to asset allocation. The conversation highlights various withdrawal strategies and the impact of market volatility on retirement savings, ultimately advocating for a balanced approach that mitigates risks while maximizing financial security. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/l...
2025-05-1220 minBuilt For Life, Not Just WealthEpisode 297 - To Roth or Not To Roth Part 1In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the nuances of Roth accounts, focusing on when to contribute to them and the importance of understanding tax brackets. They explore the differences between marginal and effective tax rates, the significance of tax diversification, and strategies for funding Roth accounts. The conversation emphasizes the need for personalized financial planning and the impact of future income on tax strategies. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo
2025-04-2116 minBuilt For Life, Not Just WealthEpisode 296 - 5 Things To Help You Financially Plan for Retirement Part 2In this episode of Beer and Money, Ryan Burklo discusses essential aspects of retirement planning, focusing on cash flow, taxation, and the risks associated with relying solely on market returns. He emphasizes the importance of setting up a flexible balance sheet to ensure financial security in retirement, while also addressing legacy objectives and minimizing tax liabilities. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways We care about the highest cash flow to live the life w...
2025-04-1412 minBuilt For Life, Not Just WealthEpisode 295 - 5 Things To Help You Financially Plan for Retirement Part 1In this episode of Beer and Money, Ryan Burklo discusses the essential elements of retirement planning, emphasizing the importance of making informed decisions today to secure a successful retirement in the future. He outlines key factors that individuals should consider when saving for retirement, including income needs, tax implications, and the desire to leave a legacy. The episode also delves into asset allocation strategies and the use of Monte Carlo simulations to assess the risk of outliving one's savings. Ryan concludes by hinting at future discussions on cash flow strategies and retirement planning techniques. Check out our...
2025-04-0711 minBuilt For Life, Not Just WealthEpisode 293 - Finding My "Why" as a Financial Advisor - Ryan BurkloIn this episode of Beer and Money, Ryan Burklo shares his personal journey and professional evolution into financial advising. He discusses his background, the importance of understanding client goals, and the role of effective communication in financial planning. Ryan emphasizes that financial planning is not just about money, but about helping clients achieve their desired lifestyles and goals. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Ryan Burklo shares his personal story to build t...
2025-03-2411 minBuilt For Life, Not Just WealthEpisode 292 - What is an Umbrella Policy?In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the importance of umbrella policies in personal finance. They explain what an umbrella policy is, how it provides an extra layer of liability insurance beyond standard policies, and why it is crucial for protecting assets and income. The conversation also covers the cost-effectiveness of these policies and how to determine the right amount of coverage needed. The hosts emphasize the importance of consulting with financial and insurance professionals to ensure adequate protection against potential lawsuits. Check out our website: beerandmoney.net For a...
2025-03-1715 minBuilt For Life, Not Just WealthEpisode 291 - Time to Talk about Exchange FundsIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the concept of exchange funds, particularly for individuals with concentrated stock positions. They explore the implications of holding large amounts of stock in a single company, the tax ramifications of diversifying, and various strategies to manage risk and enhance portfolio diversification. The conversation emphasizes the importance of working with financial and tax advisors to create a tailored strategy for managing concentrated stock positions. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: ht...
2025-03-1020 minBuilt For Life, Not Just WealthEpisode 290 - 2 Misunderstandings about DividendsIn this episode of Beer & Money, Ryan Burklo discusses two common misunderstandings about dividends. He explains what dividends are, how they affect stock prices, and the tax implications associated with them. The episode aims to educate listeners on the nuances of dividends, emphasizing the importance of understanding their impact on investments and taxes. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Dividends are payments made by companies to shareholders from profits. When dividends a...
2025-03-0308 minBuilt For Life, Not Just WealthEpisode 289 - Are You Inheriting an IRA?In this episode of Beer and Money, Ryan Burklo discusses the recent changes to the rules governing inherited IRAs, particularly focusing on the new 10-year rule that requires non-spouse beneficiaries to deplete inherited accounts within a decade. He explains the implications of this rule, exceptions for certain beneficiaries, and the importance of tax strategies when managing inherited funds. The episode emphasizes the need for financial planning and awareness of IRS regulations to avoid penalties and optimize tax efficiency. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: h...
2025-02-2408 minBuilt For Life, Not Just WealthEpisode 288 - How to Maximize Your HSAIn this episode of Beer and Money, Ryan Burklo discusses the importance and benefits of Health Savings Accounts (HSAs). He explains the qualifications for opening an HSA, the contribution limits, and the unique triple tax advantage that HSAs offer. Ryan emphasizes the potential for long-term growth and the importance of investing the funds within an HSA for future medical expenses, especially in retirement. He also highlights common misconceptions about HSAs and encourages listeners to take advantage of this financial tool for better health expense management. Check out our website: beerandmoney.net For a quick assessment o...
2025-02-1709 minBuilt For Life, Not Just WealthEpisode 287 - Tariffs 101In this episode of Beer and Money, Ryan Burklo and Alex Collins delve into the complex topic of tariffs, exploring their definition, implications, and effects on businesses and the economy. They discuss the potential benefits and drawbacks of tariffs, including their impact on consumer prices and the risk of trade wars. The conversation emphasizes the importance of understanding market dynamics and preparing for economic volatility, particularly for small businesses and investors. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo
2025-02-1014 minBuilt For Life, Not Just WealthEpisode 286 - The 5 Principles of InvestingIn this episode, Ryan Burklo discusses the five essential principles of investing, emphasizing the importance of having a well-structured balance sheet, understanding risk, diversifying investments, rebalancing portfolios, and maintaining good behavioral finance practices. He highlights how these principles can help investors navigate market fluctuations and achieve long-term financial success. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Your balance sheet should be set up appropriately before investing. Having an emergency fund is crucial b...
2025-02-0321 minBuilt For Life, Not Just WealthEpisode 285 - Let's Talk about Taxes Pt 3In this episode of Beer andMoney, Ryan Burklo discusses various tax strategies for retirement, emphasizing the importance of planning with the end in mind. He explores the implications of different income needs, the 4% withdrawal rule, and compares various tax strategies including amortization and annuities. The conversation highlights how where you place your money can significantly impact your tax bracket and overall financial health in retirement. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Understanding t...
2025-01-2727 minBuilt For Life, Not Just WealthEpisode 284 - Let's Talk about Taxes Pt 2In this episode of Beer and Money, Ryan Burklo discusses the importance of tax planning for retirement. He emphasizes the need to understand the net after-tax income and how different retirement accounts, such as traditional and Roth accounts, affect future tax liabilities. The conversation includes a visual representation of a fictitious client's financial situation, highlighting the distribution of taxable and non-taxable assets. Ryan encourages listeners to consider their own financial pie charts and the implications of their current saving strategies on future tax outcomes. Check out our website: beerandmoney.net For a quick assessment of y...
2025-01-2012 minBuilt For Life, Not Just WealthEpisode 283 - Let's Talk about Taxes Pt 1In this episode of Beer and Money, Ryan Burklo discusses the intricacies of the tax system, focusing on the differences between marginal and effective tax rates, how bonuses are taxed, and the implications of choosing between traditional and Roth retirement accounts. He emphasizes the importance of understanding these concepts for effective tax planning and long-term financial strategy. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Understanding the difference between marginal and effective tax rates i...
2025-01-1311 minBuilt For Life, Not Just WealthEpisode 282 - Understanding Recovery Rates in InvestingIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the often misunderstood concept of recovery rates in investing, particularly after market downturns. They explore the mathematical realities of recovering from losses, the importance of strategic retirement planning, and the need for a balanced approach to investing that includes both market and non-market assets. The conversation aims to debunk common myths about rate of return and emphasizes the significance of cash flow in retirement planning. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: h...
2025-01-0619 minBuilt For Life, Not Just WealthEpisode 281 - Traversing The Estate Planning Maze with Rob BukacekIn this episode of Beer and Money, Ryan Burklo, Alex Collins, and estate planning expert Rob Bukacek discuss the intricacies of estate planning. They cover the importance of having a trust, the process of finding the right attorney, and how to prepare for meetings with legal professionals. The conversation emphasizes the need for proper documentation, the significance of choosing beneficiaries wisely, and the necessity of reviewing estate plans regularly. Listeners are encouraged to take proactive steps in their estate planning to ensure their wishes are honored and their loved ones are taken care of. Check out our...
2024-12-3037 minBuilt For Life, Not Just WealthEpisode 280 - Understanding Obligations & GoalsIn this episode of Beer and Money, Ryan Burklo discusses the concept of obligations that individuals actually want to have in their lives. He emphasizes the importance of understanding personal goals beyond traditional financial aspirations, such as retirement and education for children. Ryan encourages listeners to reflect on their current obligations and how they align with their desired lifestyle, particularly in relation to family time and personal health. He shares personal anecdotes about his own experiences with work-life balance and the compromises he has made, ultimately urging listeners to consider how their financial choices can better support their values...
2024-12-2312 minBuilt For Life, Not Just WealthEpisode 279 - Inheritance vs InvestmentIn this episode of Beer and Money, Ryan Burklo discusses the critical distinction between inheritance and investment, drawing from a transformative conversation with a mentor. He emphasizes the importance of investing in children today rather than solely focusing on leaving an inheritance. The discussion highlights how experiences and values can shape financial education and generational wealth, ultimately leading to a more meaningful legacy. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Inheritance is typically r...
2024-12-1609 minBuilt For Life, Not Just WealthEpisode 278 - The Five Biggest Factors of Retirement PlanningIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the five biggest factors of retirement planning, emphasizing the importance of income streams, asset location, liquidity, tax distribution status, and tax strategy. They challenge the conventional focus on accumulating a large nest egg and encourage listeners to consider how their savings will translate into cash flow during retirement. The conversation highlights the need for a comprehensive approach to retirement planning that goes beyond just investment returns. Check out our website: beerandmoney.net For a quick assessment of your current financial life go t...
2024-12-0929 minBuilt For Life, Not Just WealthEpisode 277- Navigating Investment Strategies After ElectionsIn this episode of Bearing Money, Ryan Burklo and Alex Collins discuss the implications of recent election results on investment strategies. They emphasize the importance of maintaining a long-term perspective in investing, regardless of political changes. The conversation highlights the emotional aspects of investing and how fear and greed can lead to poor financial decisions. They also analyze market trends and historical data to illustrate that external factors, rather than political leadership, significantly influence market performance. The episode concludes with a call to action for listeners to reflect on their investment strategies and emotional management. Check out our...
2024-12-0218 minBuilt For Life, Not Just WealthEpisode 276 - Let's Chat about Self-InsuranceIn this episode of Beer and Money, Ryan Burklo discusses the concept of self-insurance, exploring its relevance and practicality in various scenarios. He provides examples of when self-insurance may be beneficial, such as in auto insurance and liability coverage, while also emphasizing the importance of protecting significant financial risks. The conversation highlights the balance between saving money and ensuring financial security, ultimately guiding listeners to make informed decisions about their insurance needs. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo T...
2024-11-2512 minBuilt For Life, Not Just WealthEpisode 275 - The Power of a Wealth Building AccountIn this episode of Beer and Money, Ryan Burklo discusses the importance of a cashflow management system, emphasizing the need for individuals to understand the purpose of their money and how to manage it effectively. He introduces the concept of a Wealth Building Account (WBA) to help listeners capture savings automatically and make informed decisions about their spending. The conversation highlights the impact of income growth on savings and encourages listeners to rethink their financial strategies for better wealth accumulation. Check out our website: beerandmoney.net For a quick assessment of your current financial life go to: https://www...
2024-11-1817 minBuilt For Life, Not Just WealthEpisode 274 - Top 3 Mistakes of Estate Plans with Rob BukacekIn this episode of Beer and Money, Ryan Burklo and estate planning expert Rob Bukacek discuss the critical importance of estate planning, sharing personal experiences that led them to focus on this often-overlooked area of financial planning. They delve into the complexities of probate, the differences between wills and trusts, and the strategic considerations necessary for effective estate planning. The conversation highlights common mistakes individuals make in their estate plans and emphasizes the importance of retitling assets to ensure that estate plans function as intended. Listeners are encouraged to reflect on their own estate planning needs and the implications...
2024-11-1136 minBuilt For Life, Not Just WealthEpisode 273 - Debunking Tax Deferral MythsIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the myths surrounding tax deferral, particularly the common belief that individuals will be in a lower tax bracket during retirement. They explore the implications of income growth over a career, the importance of tax planning, and strategies for managing tax efficiency in retirement. The conversation emphasizes the need for a balanced approach to retirement planning, considering both taxable and tax-free income sources. Takeaways Tax deferral is often misunderstood; it's not a one-size-fits-all model. Many believe they will be in a lower...
2024-11-0421 minBuilt For Life, Not Just WealthEpisode 271 - How To Mitigate Investment RisksIn this episode of Beer and Money, hosts Ryan Burklo and Alex Collins welcome Joe Hegener, founder and CIO of Astrazoa Management, to discuss the current economic landscape, particularly focusing on falling interest rates and their implications. Joe shares his extensive background in finance, including his experiences at BlackRock and PIMCO, and provides insights into the effects of zero interest rates, inflation dynamics, and the potential risks facing the market. The conversation also delves into portfolio management strategies and the importance of diversification in today's economic environment. Takeaways Joe Hegener has extensive experience i...
2024-10-2138 minBuilt For Life, Not Just WealthEpisode 270 - The Hidden Cost of InheritanceIn this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the critical topic of estate planning for parents. They explore the various challenges that arise when parents do not have proper estate planning documents in place, including tax implications, health concerns, and potential family conflicts. The hosts emphasize the importance of proactive planning and open communication between parents and their children regarding financial matters and estate planning. They also highlight the role of financial professionals in facilitating these discussions and ensuring that families are prepared for the future. Takeaways Estate p...
2024-10-1419 minBuilt For Life, Not Just WealthEpisode 269 - Building Wealth Strategies for SuccessIn this episode, Ryan Burklo discusses the concept of risk tolerance in investing, emphasizing the importance of understanding both market risks and personal financial situations. He highlights the need for a balanced approach to investments, including the role of liquidity in a balance sheet, and how these factors play a crucial role in retirement planning. The conversation also touches on the psychological aspects of investing, such as recency bias, and the necessity of having a comprehensive view of one's financial health to make informed decisions. Takeaways Risk tolerance has evolved over the decades. Bonds...
2024-10-0718 minBuilt For Life, Not Just WealthEpisode 268 - Implications Of The Recent Federal Reserve Interest Rate CutIn this episode of Beer and Money, Ryan Burklo discusses the implications of the recent Fed rate cut on personal finance. He explains how the cut affects borrowing costs and savings rates, emphasizing the importance of a long-term financial strategy. Ryan introduces the concept of having three distinct financial buckets to manage money effectively, ensuring flexibility and resilience against fluctuating interest rates. The conversation highlights the need for a balanced approach to financial planning, especially in light of changing economic conditions. Takeaways The Fed rate cut lowers borrowing costs but also affects savings rates....
2024-09-3011 minBuilt For Life, Not Just WealthEpisode 261 - The Impact of Inadequate Life InsuranceIn this episode, Ryan Burklo and Alex Collins discuss the importance of life insurance and how it can protect your family's financial future. They emphasize the need to consider how much life insurance to get based on the number of years of income you want to replace. The hosts use a hypothetical scenario to demonstrate the impact of life insurance on a couple's financial situation. They show that without adequate life insurance coverage, the surviving spouse may face a significant reduction in their standard of living. The episode concludes with a call to action for listeners to evaluate their...
2024-09-2326 minBuilt For Life, Not Just WealthEpisode 267 - Planning With Cashflow In MindIn this episode, Ryan Burklo and Alex Collins discuss the importance of planning with cashflow in mind. They highlight the common focus on accumulating assets and net worth, rather than considering the income generated by those assets. They emphasize the need to think with the end in mind and prioritize cashflow, taxes, and asset distribution. The conversation explores the different tax categories (fully taxable, partially taxable, and non-taxable) and the importance of having flexibility in asset allocation. The hosts encourage listeners to consider their future financial goals and reach out for personalized analysis and guidance. Takeaways
2024-09-1619 minBuilt For Life, Not Just WealthEpisode 266 - Is Volatility A Friend Or Foe?In this episode, Ryan Burklo and Alex Collins discuss the topic of volatility and whether it is a friend or a foe. They explore how volatility can be beneficial during the accumulation phase, as it allows for higher rates of return. However, as retirement approaches and withdrawals are made from the portfolio, volatility can become a risk. They also emphasize the importance of diversification and having a balanced portfolio across different asset classes. The hosts use examples and a sequence of return calculator to illustrate the impact of volatility on investment returns. They conclude by encouraging listeners to view...
2024-09-0927 minBuilt For Life, Not Just WealthEpisode 265 - Top 5 Reasons People Struggle FinanciallyIn this episode, Ryan Burklo discusses the top reasons why people struggle financially. He emphasizes that these reasons are not meant to point fingers or judge, but rather to provide insights and reminders about making intentional financial decisions. The five main reasons discussed are: low income, spending too much on housing or rent, spending too much on a car, spending too much on debt, and taking extravagant vacations. The key takeaway is to align spending with personal values and live within one's means. Takeaways Financial struggles can happen to anyone, and it's important to approach...
2024-09-0312 minBuilt For Life, Not Just WealthEpisode 264 - What Is A Trust?In this episode, Ryan Burklo and Alex Collins discuss the topic of trusts, specifically revocable and irrevocable trusts. They explain that a trust is like a folder where you can put assets that are owned by the trust rather than by you. They discuss the roles of the grantor, trustee, and beneficiary in a trust and the benefits of a revocable trust, such as probate avoidance and flexibility. They also explain the benefits of an irrevocable trust, including tax advantages and creditor protection. They emphasize the importance of regularly reviewing and updating estate plans. Takeaways ...
2024-08-2618 minBuilt For Life, Not Just WealthEpisode 263 - Tax Status Of Retirement AccountsIn this episode, Ryan Burklo discusses the tax status of retirement accounts and the importance of considering taxes when planning for retirement. He explains the different tax statuses of assets, including fully taxable, partially taxable, and non-taxable. Ryan emphasizes the preference for having a majority of assets in the non-taxable category. He explores strategies for shifting assets from taxable to non-taxable, such as asset shifting and cashflow shifting. Ryan also highlights the need to think with the end in mind and consider flexibility in retirement. Takeaways Consider the tax status of your retirement accounts when...
2024-08-1910 minBuilt For Life, Not Just WealthEpisode 262 - 15 Minutes To Save You Millions Instead Of 15%In this episode, Ryan Burklo discusses the importance of protection in the form of property and casualty insurance. He highlights how these insurance policies often overlook the individual's net worth and income. Ryan explains the significance of umbrella insurance policies that provide additional liability coverage beyond the standard auto and home insurance policies. He also emphasizes the need to consider high-value items and schedule them on the home insurance policy. Lastly, Ryan suggests creating a video inventory of personal belongings to simplify the claims process in case of a disaster. Takeaways Protection of income is...
2024-08-1211 minBuilt For Life, Not Just WealthEpisode 260 - Tax Strategies In RetirementIn this episode, Ryan Burklo discusses distribution tax strategies for retirement planning. He compares two different approaches: an interest-only approach and an amortization/spend-down strategy. He explains the tax implications of each strategy and demonstrates how the spend-down strategy can result in higher net after-tax income. Burklo emphasizes the importance of understanding tax strategies and the location of your money in order to make informed decisions about retirement planning. Takeaways Understanding tax strategies is crucial for maximizing net after-tax income in retirement. The interest-only approach can result in a higher risk of outliving your...
2024-07-2921 minBuilt For Life, Not Just WealthEpisode 259 - The Impact of Distribution Tax Status on Financial SuccessIn this episode, Ryan Burklo discusses the distribution of tax status as a factor that impacts financial success. He emphasizes the importance of understanding how your assets will be taxed when you retire and how that affects the net income you receive. He explains the concept using a sample client's financial balance sheet and discusses the different types of taxable and tax-free income. The goal is to have a balanced pie chart with a mix of partially taxable, fully taxable, and non-taxable income. Ryan encourages listeners to think with the end in mind and seek guidance from advisors who...
2024-07-2214 minBuilt For Life, Not Just WealthEpisode 258 - The Location And Liquidity Of Your Wealth Can Be Just As Important As The AmountIn this episode, Ryan Burklo and Alex Collins discuss the factors that impact financial success, focusing on the location and liquidity of wealth. They explain that most people have two buckets of money: savings and retirement accounts. However, they emphasize the importance of having a midterm bucket, which provides liquidity and flexibility for life events and goals. They discuss the characteristics of each bucket and the need for balance and tax efficiency. They also introduce the concept of true liquidity, which involves having money in a separate account that is not correlated with the market. They provide examples and...
2024-07-1531 minBuilt For Life, Not Just WealthEpisode 257 - The Impact of the Amount of Wealth on Financial SuccessIn this episode, Ryan Burklo and Alex Collins discuss the five factors that impact financial success. They focus on the first factor, which is the amount of wealth. While many people believe that the size of their assets is the most important factor, the hosts argue that it is actually one of the smallest factors when it comes to the efficiency of assets. They provide an example to illustrate this point, showing that the rate of return and distribution method have a greater impact on income in retirement. The hosts emphasize the importance of considering all five factors and...
2024-07-0819 minBuilt For Life, Not Just WealthEpisode 256 - Would More Cash On Hand Get You More Return?In this episode, Ryan Burklo and Alex Collins discuss risk and volatility in investment portfolios. They emphasize the importance of investing for future income and the need to get the allocation and risk profile right. They explore the concept of volatility and how it relates to the movement of money in investment accounts. They also discuss the traditional two-legged stool model of investing in stocks and bonds, and the need to bring back a three-legged stool model that includes cash. They highlight the flexibility and choice that cash provides in managing unexpected expenses and investment opportunities. The episode concludes...
2024-07-0120 minBuilt For Life, Not Just WealthEpisode 255 - What Is The Real Rate Of Return You Are Getting?In this episode, Ryan Burklo and Alex Collins discuss the concept of net rate of return and its impact on investment portfolios. They explore the real rate of return, inflation, asset allocation, and the importance of balance sheet allocation. The conversation delves into the significance of understanding and combating inflation to achieve long-term financial goals. If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net Takeaways Understanding the real rate of return is crucial for evaluating the true performance of an investment portfolio. Inflation erodes the...
2024-06-2416 minBuilt For Life, Not Just WealthEpisode 253 - How Will You Be Taxed in Retirement?In this episode, Ryan Burklo and Alex Collins discuss the concept of net rate of return and its impact on investment portfolios. They explore the real rate of return, inflation, asset allocation, and the importance of balance sheet allocation. The conversation delves into the significance of understanding and combating inflation to achieve long-term financial goals. Takeaways Understanding the real rate of return is crucial for evaluating the true performance of an investment portfolio. Inflation erodes the purchasing power of money, making it essential to combat inflation through strategic asset allocation. Balance sheet allocation...
2024-06-1020 minBuilt For Life, Not Just WealthEpisode 252 - How Do Taxes Work?In this episode, Ryan Burklo discusses tax brackets and how they work. He explains the difference between marginal and effective tax rates and emphasizes the importance of understanding how taxes work when deciding where to put your money. Burklo provides an example of tax brackets for a married filing jointly tax code and calculates the total tax amount due. He also discusses the implications of different types of accounts, such as qualified accounts and Roth accounts, on taxes. Burklo concludes by highlighting the importance of considering tax strategies for retirement and the difference between growing wealth and distributing wealth...
2024-06-0311 minBuilt For Life, Not Just WealthEpisode 251 - The Importance of True Liquidity in RetirementIn this episode, Ryan Burklo discusses the importance of true liquidity in retirement. He explains that while pre-retirement, short-term volatility can be addressed due to a longer time horizon, withdrawals from market-based assets in retirement can compound the effect of market losses and increase the risk of running out of money. Burklo provides an example to illustrate this concern. He suggests setting up a true liquidity fund alongside retirement accounts to have access to funds that are not correlated with the market. Burklo emphasizes the need to set up this fund prior to retirement to manage risks and live...
2024-05-2710 minBuilt For Life, Not Just WealthEpisode 250 - What Is Your Net After Tax Return?In this episode, Ryan Burklo and Alex Collins discuss the taxation component of net after-tax rate of return. They emphasize the importance of understanding the impact of taxes on investment returns over a long period of time. They use a visual representation to show the difference between gross and net growth of an investment portfolio after taxes. They highlight the significant impact that taxes can have on the final value of assets and the importance of considering taxation when making investment decisions. They also tease the next episode, where they will discuss strategies to increase cash flow in retirement...
2024-05-2017 minBuilt For Life, Not Just WealthEpisode 248 - The Importance of Efficient Choices for Future FlexibilityIn this episode, Ryan Burklo and Alex Collins discuss the challenge of turning variable assets into a consistent income stream in retirement. They emphasize the importance of making efficient choices today to set oneself up for flexibility in the future. They explore the concept of promised-based assets, such as Social Security and pensions, which provide a steady income stream, and compare them to market-based assets, like stocks and bonds, which can be more volatile. They also discuss the risks of relying solely on market-based assets and the benefits of incorporating promised-based assets into one's retirement plan. The conversation highlights...
2024-05-0629 minBuilt For Life, Not Just WealthEpisode 247 - The Importance Of Expanding Financial Knowledge Beyond Personal ExperiencesIn this episode, Ryan Burklo and Alex Collins discuss the importance of expanding financial knowledge beyond personal experiences. They highlight the influence of personal experiences on financial decision-making and the need to seek advice from professionals with broader expertise. The conversation emphasizes the significance of continuous learning and staying curious to challenge and update existing beliefs. They also stress the importance of looking at the entire financial picture and avoiding silo decision-making. The three main takeaways are: 1) Work with someone who has extensive financial knowledge and experience, 2) Continually learn and stay curious, and 3) Consider the entire financial picture and a...
2024-04-2923 minBuilt For Life, Not Just WealthEpisode 245 - The Single Biggest Factor To Financial SuccessIn this episode, Ryan Burklo discusses the single biggest factor that contributes to financial success: managing cashflow. He highlights the flawed cashflow management system that most people have, where income increases are often accompanied by lifestyle inflation. Using a 30-year time horizon and a 5% average income increase, Ryan demonstrates how a 1% difference in lifestyle inflation can significantly impact wealth accumulation. By managing cashflow and keeping lifestyle inflation in check, individuals can save and invest more, leading to a substantial increase in their nest egg over time. If you would like to learn more about Quantified Financial Partners, p...
2024-04-1514 minBuilt For Life, Not Just WealthEpisode 244 - Which Asset Class Is The Best?In this episode, Ryan Burklo discusses investment portfolios and the importance of diversification and asset classes. He introduces a tool for analyzing the performance of different asset classes over a 50-year period. Burklo highlights the potential growth of portfolios invested in asset classes such as US small value stocks. He emphasizes the challenge of predicting which asset class will perform the best in any given year and the need for a diversified portfolio. Burklo encourages listeners to analyze their own portfolios and consider the asset classes they are invested in. To learn more about Quantified Financial Partners, p...
2024-04-0810 minBuilt For Life, Not Just WealthEpisode 243 - What Are Alternative Investments And Should I Own Them?In this episode, Ryan Burklo and Alex Collins discuss alternative investments and whether or not they are suitable for individual investors. They define alternative investments as those that do not fall into traditional categories like stocks, bonds, and cash. The hosts explain the concepts of correlation and standard deviation and how they relate to risk and diversification. They emphasize the importance of having a solid financial foundation, including an emergency fund, income protection, and liquidity, before considering alternative investments. The episode concludes with a reminder to prioritize balance sheet management before making investment choices. To learn more...
2024-04-0127 minBuilt For Life, Not Just WealthEpisode 242 - 4 Factors That Have The Greatest Impact On Financial SuccessIn this episode, Ryan Burklo discusses the four factors that impact financial success: the amount of wealth, location of wealth, true liquidity ratio, and taxes. He emphasizes the importance of considering these factors when planning for retirement and making financial decisions. Ryan also highlights the significance of controlling cash flow and spending money on things that are valued. By understanding and optimizing these factors, individuals can improve their financial well-being and achieve their desired lifestyle. Takeaways The amount of wealth is important for financial flexibility, but it is not the only factor that impacts financial...
2024-03-2523 minBuilt For Life, Not Just WealthEpisode 241 - Interview With Estate Planning Attorney Katie LudwickIn this episode, Ryan Burklo interviews Katie Ludwick, an estate planning attorney, about estate planning. They discuss the potential changes to the federal estate tax, the Washington state estate tax, and the importance of proactive planning. They also explore estate planning techniques for minimizing taxes and ensuring liquidity. The conversation highlights the pitfalls of online estate planning services and emphasizes the need for personalized advice from an attorney. They conclude by stressing the importance of estate planning for young adults. The conversation emphasizes the importance of estate planning and the potential consequences of not having a plan in place...
2024-03-1849 minBuilt For Life, Not Just WealthEpisode 240 - What 3 Metrics You Should Use To Inspect How Financially Healthy You AreIn this episode, Ryan Burklo and Alex Collins discuss the metrics for analyzing financial health. They introduce the concept of top line being vanity, bottom line being sanity, and cash flow being reality. They emphasize the importance of measuring free cash flow, liquidity, and income protection to determine financial security. The hosts also challenge the traditional focus on rate of return as a metric and highlight the significance of control in financial decision-making. The episode concludes with a question for listeners to reflect on their own financial health metrics. If you would like to learn more about...
2024-03-1131 minBuilt For Life, Not Just WealthEpisode 239 - The Best Way To Be Your BestIn this episode, Ryan Burklo and Alex Collins discuss the importance of knowing who you don't want to be in order to become the person you want to be. They explore the default path that many people follow and the need to break free from societal expectations. The conversation delves into the definition of success and the trap of focusing too much on money. They emphasize the importance of reevaluating goals and creating lasting memories with loved ones. The episode concludes with a question for listeners to consider and an invitation to reach out with their thoughts and topics...
2024-03-0426 minBuilt For Life, Not Just WealthEpisode 238 - What Is A Good Tool To Track Your Finances?In this episode, Ryan Burklo and Alex Collins discuss the importance of tracking cash flow and steps to attain financial goals. They emphasize the need to understand abstract goals and how expenses play a role in achieving them. The hosts also highlight the use of technology in tracking expenses and recommend the Living Balance Sheet app. They discuss the importance of intentional decision-making when it comes to saving and investing money. Finally, they touch on the significance of protecting income, maintaining liquidity, and living debt-free. If you would like to learn more about Quantified Financial Partners, please...
2024-02-2621 minBuilt For Life, Not Just WealthEpisode 237 - Do You Have Fixed Rate Handcuffs?In this episode, Ryan Burklo and Alex Collins discuss the impact of fixed interest rates on financial decisions. They explore how low interest rates can make people feel trapped in their current situations, whether it's buying a new home or making big purchases like cars. The hosts provide three solutions for homeowners, including renting, buying down the interest rate, or managing cashflow. They also discuss the importance of looking at the bigger picture when it comes to interest rates and financial moves. Finally, they emphasize the need to focus on long-term goals and not get caught up in short-term...
2024-02-2026 minBuilt For Life, Not Just WealthEpisode 235 - A Formula For Your Vision That You Have Not HeardIn this episode, Ryan Burklo discusses the formula for vision and how it applies to personal finance. He shares his experience with the 75 Hard program and how it has pushed him to think differently about himself and his finances. The formula for vision consists of having a target or goal, a belief in your ability to achieve it, a plan, and a willingness to explore multiple pathways. Ryan emphasizes the importance of understanding your true definition of wealth and being flexible in adapting your plan when life throws unexpected challenges. He encourages listeners to reach out with questions and...
2024-02-0509 minBuilt For Life, Not Just WealthEpisode 235 - Cash Flow ConceptsSummary In this episode, Ryan Burklo and Alex Collins discuss the number one problem for most people with their personal finances: cash flow. They explore the default cash flow management system that most people use, where income goes directly into a checking account and expenses are paid from there. They highlight the importance of interrupting the spending circuit and building a reserve to cover one-time expenses. They also discuss the power of saving rates and how incremental changes and systematic savings can lead to significant wealth accumulation over time. If you would like to learn...
2024-01-2920 minBuilt For Life, Not Just WealthEpisode 234 - Morning Walks Can Fix Your FinancesIn this episode, Ryan Burklo discusses how going for a walk can help improve your finances. He shares his personal experience of struggling to find time for communication with his spouse and how they decided to go for a walk every morning to spend quality time together. This simple routine allowed them to have conversations about their day, their children, and eventually led to discussions about their finances. They realized the need to get their finances in order and started working on it. Ryan emphasizes the importance of making health and finances a priority and finding time to have...
2024-01-2210 minBuilt For Life, Not Just WealthEpisode 233 - Another Tax Efficient Distribution MethodSummary In this episode, Ryan Burklo and Alex Collins continue their discussion on turning assets into income in retirement. They emphasize the importance of understanding this process early on, even if retirement is still far away. The conversation covers various tax reduction strategies, including the use of investment dollars and annuitization of assets. They also highlight the need for balance and flexibility in retirement planning, as well as the limitations and considerations of different strategies. The episode concludes with a discussion on the 4% rule and the importance of understanding the difference between distribution rate and rate of...
2024-01-1620 minBuilt For Life, Not Just WealthEpisode 232 - Tax Efficient DistributionIn this episode, Ryan Burklo and Alex Collins discuss how money is taxed in retirement. They emphasize the importance of considering both current and future taxation when making financial plans. They provide a historical overview of federal income tax brackets and highlight the impact of major events on tax rates. The hosts also explain the difference between marginal and effective tax rates. They introduce the concept of the amortization of an asset strategy and compare the outcomes of interest-only and principal-and-interest approaches. The episode concludes with key takeaways and a question for listeners to consider. The beer...
2024-01-0832 minBuilt For Life, Not Just WealthEpisode 231 - How Much True Liquidity Do You Have?Summary In this episode, Ryan Burklo and Alex Collins discuss the concept of true liquidity and its importance in retirement planning. They explain that true liquidity goes beyond cash reserves and savings, and involves considering what assets will be accessible and how to turn them into income during retirement. They highlight the risks of relying solely on market-based assets for income in retirement and the potential for compounding losses. The hosts introduce the concept of true liquidity as a way to mitigate these risks by having a separate bucket of money that is not correlated with the...
2024-01-0224 minBuilt For Life, Not Just WealthEpisode 230 - What Is Your Investment Philosophy?Summary In this episode, Ryan Burklo and Alex Collins discuss investment philosophy and the different approaches to investing. They cover three main styles: active management, passive management, and structured management. They also touch on the importance of investment structure and aligning investments with personal values. The hosts emphasize the need for a balanced approach to investing and setting up a solid financial foundation. Takeaways Understanding your investment philosophy is crucial for making informed investment decisions. Active management involves hiring an asset manager to make investment decisions based on market analysis. Passive...
2023-12-2730 minBuilt For Life, Not Just WealthEpisode 229 - 5 Ways To Build Wealth And Maximize LifeIn this episode, Ryan Burklo discusses five ways to build wealth and maximize life. He emphasizes the importance of spending money on items that truly matter, focusing on what can be controlled, protecting income and family's wealth, creating lasting connections with family, and limiting phone use when with family. These strategies serve as reminders to prioritize what is truly important and make intentional choices. Spend money on items that you truly care about and use the 80-20 rule to allocate your finances. Focus on what you can control, such as your savings rate and personal values...
2023-12-1813 min