In this episode of Built For Life Not Just Wealth, Ryan Burklo delves into the art of reframing your financial plan to prioritize gaining control over your time and life. He emphasizes the importance of cash flow management, protective strategies, and creating optionality in your financial decisions. By implementing effective decision-making filters, Ryan guides listeners on how to align their financial goals with their personal values, ultimately leading to a more fulfilling and balanced life.

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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

Episode 186 link: https://beerandmoney.libsyn.com/episode-186-do-you-have-a-wealth-building-account

#BuiltForLifeNotJustWealth

#financialplanning

#controlovertime

#cashflow

#insurance

#optionality

#decisionfilters

#lifedesign

#wealthmanagement

Key Topics

Cash flow as control over your life
Protection through insurance and estate planning
Building assets for optionality and flexibility
Decision filters to align financial choices with life goals

Chapters

00:00 The Real Risk in Financial Life
02:49 Reversing the Loss of Time
05:50 Four-Part Framework for Financial Control
09:03 Building Optionality and Flexibility
12:00 Actionable Steps for Financial Freedom

In today's episode of Built For Life Not Just Wealth, Ryan Burklo delves into the often-overlooked time traps that can subtly undermine your financial well-being and influence your life decisions. In this insightful episode, he explores the concepts of lifestyle creep, career drift, and the pitfalls of short-term decision-making. By shedding light on these common challenges, Ryan offers practical strategies and actionable insights to help you regain control over your financial future. Learn how to build lasting wealth and make informed choices that align with your long-term goals.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

Episode 186 link: https://beerandmoney.libsyn.com/episode-186-do-you-have-a-wealth-building-account

#BuiltForLifeNotJustWealth

#financialplanning

#lifestylecreep

#careerdrift

#decision-making

#wealthbuilding

#timemanagement

#financialfreedom

Key Topics

Lifestyle creep and its impact on wealth
Career drift and loss of control
Short-term decision-making and emotional reactions

Chapters

00:00 The Hidden Risks of Lifestyle Creep
02:52 Understanding Career Drift and Its Consequences
05:59 The Dangers of Short-Term Decision Making
08:51 Identifying Personal Values and Priorities

In this week's episode of Built For Life Not Just Wealth, Ryan Burklo delves into the intriguing concept of time risk in the realm of wealth building. He emphasizes that financial decisions are, at their core, decisions about time. Throughout the discussion, Ryan explores strategies to optimize control over one's time, highlighting the importance of proactive rather than reactive decision-making. He provides insights into aligning financial choices with personal goals, ultimately guiding listeners toward building a life that reflects their true aspirations and values.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

#BuiltForLifeNotJustWealth

#wealth

#timerisk

#financialplanning

#controlovertime

#lifestyle

#investmentstrategy

#financialindependence

Key Topics

Time risk in wealth building
The true goal of money is control over time
Common mistakes in financial decision-making
The importance of flexibility and long-term thinking
Building a life aligned with personal goals

Chapters

00:00 The Value of Time in Wealth Building
02:52 Understanding Time Risk and Financial Decisions
05:58 Building a Life of Freedom and Optionality

In this episode of Built For Life Not Just Wealth, Ryan Burklo delves into the intriguing paradox of why many high-net-worth individuals often feel financially constrained despite their growing wealth. He examines societal trends and spending behaviors that contribute to this phenomenon, highlighting the psychological and cultural factors at play. Additionally, Ryan emphasizes the critical importance of defining personal financial goals to achieve true financial satisfaction and freedom. Through insightful analysis, he offers listeners a deeper understanding of how to navigate their financial journeys more effectively.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

Nick Maggiulli's article: https://ofdollarsanddata.com/the-upper-middle-class-trap/

#BuiltForLifeNotJustWealth

#wealth

#financialmindset

#spendinghabits

#privateschools

#housing

#wealthladder

#control

#value

#financialadvice

Key Topics

Wealth explosion and increased competition
The wealth ladder and spending categories
The winner's curse and overbidding
Perceived value versus actual value in education and lifestyle
The importance of financial clarity and control

Chapters

00:00 The Millionaire Paradox: Why Wealth Feels Insufficient
09:51 Rethinking Value: The True Cost of Lifestyle Choices

In this episode of Built For Life Not Just Wealth, Ryan Burklo interviews Bob Kievit, a seasoned retirement planning expert, to explore strategies for optimizing wealth, minimizing taxes, and ensuring a secure income stream in retirement. They discuss the importance of deliberate asset structuring, tax management, and strategic distribution to achieve financial independence.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

#BuiltForLifeNotJustWealth

#retirementplanning

#taxstrategies

#wealthmanagement

#incomestreams

#assetallocation

#financialindependence

#taxminimization

#legacyplanning

Key Topics

Importance of strategic asset location and allocation
Tax-efficient withdrawal strategies
The impact of asset location on effective tax rates

Chapters

00:00 Introduction and Guest Credibility
01:23 Focus on Income Streams, Not Just Asset Growth
02:11 Industry Evolution and Results in Financial Planning
04:24 The Six Critical Factors in Retirement Planning
05:55 Protection and Future Wealth Strategies
08:00 Maximizing Cash Flow in Retirement
09:23 Tax Strategies and Asset Location
12:37 The Importance of Asset Location and Pie Charts
14:44 Real Estate and Business Exit Planning
18:21 Retirement Accounts and Tax Implications
23:11 Understanding Tax Brackets and Effective Tax Rates
36:30 Managing Asset Allocation and Liquidity
38:08 The Impact of Market Corrections and Market Risk
39:08 The U.S. Tax System and Marginal Tax Brackets
42:55 Managing Effective Tax Rates in Retirement
45:29 Structuring Wealth for Optimal Tax and Cash Flow
46:20 The Future of Wealth and Retirement Planning
47:23 Asset Shifting and Strategic Repositioning
50:12 Distribution Strategies in Retirement
53:22 Closing Remarks and Resources

In this episode of Built For Life Not Just Wealth, hosts Ryan Burklo and Alex Collins delve into the critical role of personal connection and intimacy within the realm of financial advising. Drawing inspiration from the recent unmasking of the enigmatic street artist Banksy, they explore how these elements can transform the advisor-client relationship. By truly understanding and aligning with clients' core values and life experiences, financial advisors can craft more tailored and effective financial plans. This approach not only enhances the quality of financial advice but also fosters deeper, more meaningful relationships with clients, ultimately leading to greater trust and satisfaction.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

#BuiltForLifeNotJustWealth

#financialadvising

#clientrelationships

#intimacy

#Banksy

#personalvalues

#financialplanning

#clienttrust

#emotionalconnection

Key Topics

The significance of intimacy and personal connection in financial advising
How Banksy's unmasking relates to transparency and trust
The importance of understanding client values and experiences
The role of emotional intelligence in financial planning
The limitations of AI in understanding unique client situations

Chapters

00:00 Introduction and Context
01:03 The Unmasking of Banksy
03:52 Intimacy in Financial Planning
07:33 Understanding Client Values
10:56 The Role of Advisors in Client Success
12:53 Building Trust and Emotional Connection

In this episode of Built For Life Not Just Wealth, Ryan Burklo provides an insightful discussion on retirement readiness by examining a sample client's financial situation to determine their potential to retire within the next five years. Ryan delves into crucial financial metrics that are essential for evaluating retirement plans. He also highlights various risk factors that could impact financial stability and shares effective planning strategies. These elements are aimed at equipping listeners with the tools and knowledge necessary to evaluate their own retirement prospects and make informed decisions about their financial future.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

#BuiltForLifeNotJustWealth

#retirementplanning

#financialindependence

#retirementcalculator

#wealthmanagement

#financialadvice

#retirementreadiness

#investmentstrategy

Takeaways

A detailed look at a sample client's balance sheet reveals key insights into retirement readiness.
The 4% rule is a common guideline for sustainable withdrawal rates in retirement.
Social Security can significantly impact retirement income planning.
Market variability and sequence of return risk are critical considerations for retirees.
Holistic planning includes taxes, estate planning, liquidity, and protection strategies.

Chapters

00:00 Introduction to Retirement Planning
01:24 Analyzing a Sample Client's Financial Situation
05:46 Understanding Income Streams and Retirement Readiness
09:00 The Importance of a Financial Scorecard

In this episode of Built For Life Not Just Wealth, Ryan Burklo delves into the multifaceted framework of wealth, highlighting the importance of not just investments, but also the critical roles of income, purpose, and strategic planning. In this episode, listeners will discover how to effectively align their financial lives with their personal values and long-term goals. By understanding and implementing these principles, you can achieve lasting success and financial well-being. Ryan provides insights and practical advice on how to navigate the complexities of wealth management, ensuring that your financial strategies are both purposeful and aligned with what truly matters to you.

Check out our website: https://www.builtforlifenotjustwealth.com/

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

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

#BuiltForLifeNotJustWealth

#wealth

#income

#financialplanning

#purpose

#protection

#investment

#legacy

#retirement

#financialresilience

Key Topics

The role of income and purpose in wealth building
The four acts of money: spend, save, invest, donate
Protection strategies for income stability
Wealth creation and the power of discipline and stability
Retirement planning and managing sequence of return risk

Chapters

00:00 The Financial Landscape: Income vs. Wealth
02:51 The Four Acts of Money: Spending, Saving, Investing, Donating
05:41 Wealth Creation: Stability and Discipline in Income
08:41 Protecting Your Income: The Importance of Financial Resilience
09:41 Wealth Distribution: Turning Assets into Income
10:50 Legacy Planning: Directing Your Wealth