In 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 avoidin...
Apr 29, 2024•23 min
In this episode, Ryan and Alex discuss five wealth objectives that everyone has but are often not properly planned for. These objectives include creating the highest possible cashflow, creating the lowest possible tax, never running out of money, meeting legacy objectives, and minimizing risk. They emphasize the importance of planning for these objectives in a comprehensive and efficient manner, rather than solely focusing on a target net worth or rate of return. The hosts also highlight the sig...
Apr 22, 2024•25 min
In 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, ...
Apr 15, 2024•15 min
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 t...
Apr 08, 2024•11 min
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...
Apr 01, 2024•27 min
In 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 ...
Mar 25, 2024•23 min
In 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 stressi...
Mar 18, 2024•50 min
In 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 conclude...
Mar 11, 2024•31 min
In 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 ...
Mar 04, 2024•27 min
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 i...
Feb 26, 2024•21 min
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 fin...
Feb 20, 2024•27 min
In this episode, Ryan and Alex discuss why you don't plan for your finances the way that you should. The beer of the day is Nothing But Hazy by Black Raven Brewing. If you would like to learn more about this beer, please visit their website https://blackravenbrewing.com/pages/on-tap If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Feb 12, 2024•18 min
In 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 you...
Feb 05, 2024•9 min
Summary 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 syst...
Jan 29, 2024•21 min
In 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...
Jan 22, 2024•10 min
Summary 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 ...
Jan 16, 2024•21 min
In 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...
Jan 08, 2024•32 min
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...
Jan 02, 2024•25 min
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...
Dec 27, 2023•31 min
In 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 alloca...
Dec 18, 2023•13 min
In this episode, Ryan and Alex discuss 3 takeaways from Morgan Housel's new book Same As Ever. The beer of the day is Farmhaze IPA from Remlinger Brewery. If you would like to learn more about this beer, please visit their website https://remlingerfarms.com/brewery/ If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Dec 11, 2023•26 min
In this episode, Ryan and Alex discuss the top five things they would tell their moms to ask if they were interviewing financial advisors. The beer of the day is Pitchfork IPA from Remlinger Brewery. If you would like to learn more about this beer, please visit their website https://remlingerfarms.com/brewery/ If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Dec 04, 2023•15 min
In this episode, Ryan and Alex discuss what your competing priorities are costing you in your everyday life with your finances. The beers of the day are Remlinger Brewery's Gary IPA and Fremont Brewing's Sky Kraken IPA. If you would like to learn more about these beers, please visit their websites https://remlingerfarms.com/brewery/ https://www.fremontbrewing.com/sky-kraken If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Nov 27, 2023•22 min
In this episode, Ryan and Alex discuss the state of the world and how you can prepare your finances to weather the storm. The beers of the day are Tolt IPA from Valley House Brewing and Lucille IPA from Georgetown Brewing. If you would like to learn more about these beers, please visit their websites https://valleyhousebrewing.com/ https://georgetownbeer.com/beer/details/lucille If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Nov 20, 2023•26 min
In this week's episode, Ryan and Alex discuss 3 concerns you should address now so you are prepared for retirement. The beer of the day is a Pilsner from Fired Up Brewing in Colville, WA. If you would like to learn more about this beer, please visit their website https://www.facebook.com/firedupbrewing/ If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Nov 13, 2023•29 min
In this episode, Ryan and Alex discuss lessons on how to talk about money within your marriage. The beers of the week are Flocktoberfest Lager from Black Raven Brewing and Sam Addams Octoberfest. To learn more about these beers, please visit their websites https://blackravenbrewing.com/products/flocktoberfest https://www.samueladams.com/our-beers/limited-release/marzen/octoberfest If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Nov 06, 2023•23 min
In this episode, Ryan and Alex discuss three things that you should consider making in the fourth year for your taxes. The beer of the day is No Li IPA from No Li Brewery in Spokane, WA. If you would like to learn more about this beer, please visit their website https://www.nolibrewhouse.com/ If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Oct 30, 2023•25 min
In this episode, Ryan and Alex discuss how to talk to your parents about finances. The beers of the week are Avery Brewing's Rufus Corvus Sour Ale and Elysian Brewing's Dragonstooth Stout. If you would like to learn more about these beers, visit their websites https://www.averybrewing.com/brews/barrel-aged-series https://www.elysianbrewing.com/beer/dragonstooth-stout If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Oct 23, 2023•25 min
In this episode, Ryan and Alex discuss the four basic building blocks of retirement funding. The beer of the day is Flocktoberfest Lager from Black Raven Brewing. If you would like to learn more about this beer, please visit their website https://blackravenbrewing.com/products/flocktoberfest If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net...
Oct 16, 2023•16 min
In this episode, Ryan discusses five more quotes from the book The Psychology of Money by Morgan Housel. If you have any questions about Quantified Financial Partners, please visit us www.beerandmoney.net
Oct 09, 2023•13 min
