Beer & Money

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