In 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 newsletter: https://www.quantifiedfinancial.com/subscribe-now

Check out our Instagram: https://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

#financialplanning

#confidence

#cashflow

#lifestyle

#financialadvisor

#wealthbuilding

#RSUs

#marketswings

#financialscorecard

#financialprogress

Takeaways

The illusion of financial progress can lead to stress.
High income does not always equate to financial confidence.
Spreadsheets show outcomes but not the full financial picture.
Many people face a certainty problem rather than a money problem.
Understanding cash flow is essential for financial planning.
Optimizing finances requires clarity about lifestyle goals.
Conversations about money with partners are crucial.
Financial plans should adapt to changing circumstances.
Knowing your financial situation can provide peace of mind.
Proactive financial management helps in achieving desired outcomes.

Chapters

00:00 The Illusion of Financial Progress
02:48 Building Confidence in Financial Planning
06:04 Understanding Cash Flow and Lifestyle
08:50 The Importance of Financial Clarity

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

#financialsecurity

#investmentstrategies

#financialscorecard

#holisticfinancialplanning

#peaceofmind

Takeaways

Financial planning is influenced by changing life circumstances.
Psychological barriers often prevent individuals from seeking financial advice.
Understanding personal goals is crucial for effective financial planning.
A comprehensive financial plan should account for market volatility.
Regularly revisiting financial plans can lead to proactive adjustments.
Peace of mind comes from a holistic approach to financial planning.
Liquidity and access to funds are essential in financial planning.
Investment strategies should align with personal financial goals.
A financial scorecard can provide valuable insights into one's financial health.
Working with a financial planner can help clarify complex financial situations.

Chapters

00:00 Understanding the Moving Target of Financial Planning
02:52 The Psychological Barriers to Financial Planning
05:45 Building a Comprehensive Financial Plan
09:06 Achieving Peace of Mind Through Financial Planning

In 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 YouTube: https://www.youtube.com/@beerandmoney

Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now

Check out our Instagram: https://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

#holidays

#family

#financialplanning

#personalgrowth

#legacy

#expectations

#hosting

#reflections

#futureplanning

#actionsteps

Takeaways

The holidays reveal what we truly care about.
Spending time with family can be eye-opening.
Hosting comes with expectations and financial implications.
It's important to reflect on family dynamics during holidays.
Conversations about legacy should happen when families gather.
Planning for the future starts with understanding values.
Small action steps can lead to significant changes.
Money is a tool, not the ultimate goal.
Designing a powerful future reshapes the present.
Regular conversations about finances lead to happier outcomes.

Chapters

00:00 Holiday Reflections and Family Connections
05:10 The Expectations of Hosting
08:58 Navigating Family Dynamics
11:26 Planning for the Future
15:16 Taking Action on What Matters

In 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

Find us on YouTube: https://www.youtube.com/@beerandmoney

Subscribe to our newsletter: https://www.quantifiedfinancial.com/subscribe-now

Check out our Instagram: https://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

#financialplanning

#incomeprotection

#cashfloworganization

#retirementplanning

#financialgoals

#clientmisconceptions

#financialframework

#automationinfinance

#commonmistakesinfinance

#clarityinfinancialplanning

Takeaways

Clients often feel overwhelmed by their financial situation.
Fear of not being on track can prevent clients from seeking help.
The financial industry tends to complicate simple concepts.
Income protection is the first priority in financial planning.
Organizing cash flow is essential for effective planning.
Not all clients have the same financial goals or timelines.
Automating financial decisions can reduce stress and improve consistency.
Regular reviews of financial plans are necessary due to life changes.
Clarity in financial goals leads to better decision-making.
Avoiding common mistakes can significantly improve financial outcomes.

Chapters

00:00 Introduction to Financial Planning Challenges
02:57 Understanding Client Fears and Misconceptions
05:54 The Framework for Financial Prioritization
08:48 Clarifying Goals and Automating Decisions
12:02 Common Mistakes in Financial Planning
14:56 The Importance of Clarity in Financial Goals
18:00 Conclusion and Resources for Financial Planning

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://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

#financialplanning

#linearplanning

#personalvalues

#future-firstapproach

#budgeting

#retirement

#financialsecurity

#moneymanagement

#lifegoals

#financialindependence

Takeaways

Most people plan linearly past, present, future.
Life isn't lived on a spreadsheet.
The focus should be on the life you want to create.
Understanding personal values is crucial in financial planning.
Future-first planning helps align present decisions with long-term goals.
Flexibility in financial planning is essential for adapting to changes.
Financial security is not just about numbers; it's about peace of mind.
You can create a financial plan that allows for enjoyment in the present.
It's important to have a clear vision of your desired lifestyle.
Planning should be about what you truly value and want.

Chapters

00:00 Introduction to Financial Planning Misconceptions
02:07 The Flaws of Linear Financial Planning
06:06 Understanding Personal Values in Financial Planning
09:47 Designing Flexible Financial Strategies
11:46 The Importance of Future-First Planning

In this episode of Beer and Money, Alex Collins discusses how to find a financial advisor, what to look for in an advisor, and the key questions to ask during the selection process. He emphasizes the importance of understanding advisor credentials, the advisor's process, and the value they can bring to clients. The conversation aims to equip listeners with the knowledge needed to make informed decisions when seeking financial advice.

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://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

#financialadvisor

#findinganadvisor

#advisorcredentials

#questionstoask

#financialplanning

Takeaways

Finding an advisor can be done through AI tools, online searches, and personal recommendations.
It's crucial to understand the biases of those giving financial advice.
Financial advising should be an ongoing process, not a one-time event.
Look for an advisor who asks questions and understands your personal financial situation.
Understanding the advisor's credentialing is essential for making informed choices.
Be wary of unlicensed individuals providing financial advice.
Ask potential advisors about their motivations and target clients.
Ensure the advisor's services align with your financial needs.
Inquire about the advisor's succession plan and team structure.
A good advisor should articulate their value and how they can help you.

Chapters

00:00 Finding the Right Financial Advisor
04:33 Understanding Advisor Credentials and Processes
09:50 Key Questions to Ask Potential Advisors
14:26 The Value of Financial Advisors

In 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 to our newsletter: https://www.quantifiedfinancial.com/subscribe-now

Check out our Instagram: https://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

#Thanksgiving

#financialplanning

#familytime

#moneymindset

#intentionalchoices

#wealthbuilding

#stressmanagement

#holidaygatherings

#financialfreedom

#values

Takeaways

Money can create options but also take away from family time.
Chasing financial success can lead to forgetting the true purpose of money.
It's essential to find a balance between enjoying today and planning for tomorrow.
Intentional choices can transform stressful situations into enjoyable experiences.
Mindset shifts can help appreciate family time during the holidays.
Financial planning should align with personal values and experiences.
Spending money on meaningful experiences can be more valuable than saving excessively.
Understanding the purpose of money can reduce financial stress.
Building wealth is about creating freedom to enjoy life with loved ones.
Reflecting on what you value can enhance your financial decisions.

Chapters

00:00 Thanksgiving Reflections on Money and Family
02:58 The Balance of Money: Present vs. Future
05:58 Intentional Choices and Family Time
09:03 Reframing Stressful Situations
12:00 Building Wealth for Meaningful Experiences
17:52 Valuing Time Over Money

In 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 out our Instagram: https://www.instagram.com/ryanburklofinance?igsh=ZTJzN3Jnajd5M2Mw

Ryan Burklo's LinkedIn profile: https://www.linkedin.com/in/ryanburklo/

Alex Collin's LinkedIn profile: https://www.linkedin.com/in/alexandercollins/

For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

Check out Ryan's LinkedIn Post: https://www.linkedin.com/posts/ryanburklo_college-financialplanning-collegeplanning-activity-7386038522945875970-DjOZ?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAPeigABAS2_RpYsoJM-YinxpGfnD1wyNRc

#collegeplanning

#financialplanning

#FAFSA

#educationfunding

#flexibility

#scholarships

#emotionalfinance

#personalfinance

#investmentstrategies

#studentloans

Takeaways

The importance of personal experience in college planning.
Flexibility in funding options can lead to better financial outcomes.
FAFSA is a crucial step in the college funding process.
Emotional aspects of financial planning can affect decision-making.
There are multiple ways to fund education, and no one-size-fits-all solution exists.
Networking and experiences gained in college can be as valuable as education itself.
It's essential to seek advice from trusted and knowledgeable sources.
Avoid cookie-cutter financial plans; tailor them to individual goals.
Understanding the implications of financial decisions is key to effective planning.
Engaging with others about their funding strategies can provide new insights.

Chapters

00:00 Introduction to College Planning
01:01 Touring the University of Arizona
03:07 Funding College Education
06:02 Exploring Different Funding Options
11:09 Navigating FAFSA and Scholarships
13:41 Understanding Financial Assets for FAFSA
15:53 Personal Experiences with College Funding
20:46 The Importance of Seeking Financial Advice