In this week's episode of Built For Life Not Just Wealth, Ryan Burklo shares a personal story about teaching his son financial responsibility through real-life experience, emphasizing the importance of allowing small mistakes to foster learning and independence in financial decision-making. He explains that giving kids guided exposure to money management helps them understand the connection between spending, cash flow, and consequences in a way lectures alone can't. Ultimately, he argues that the goal isn't to prevent every mistake, but to prepare kids to recognize, learn from, and adjust their financial choices over time.

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

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#BuiltForLifeNotJustWealth

#financialresponsibility

#parenting

#moneylessons

#experientiallearning

#financialeducation

#youthfinance

#decisionmaking

#lifeskills

#moneymanagement

#teachingkidsaboutmoney

Key Topics

The importance of experiential learning in financial education Allowing kids to make small mistakes to learn bigger lessons The difference between knowing and experiencing about money Teaching kids to understand cash flow and decision consequences The goal of raising responsible adults, not perfect kids The role of parents in fostering financial independence Using real-life situations to teach financial responsibility The importance of decision awareness and reflection in money management

Chapters

00:00 Introduction to teaching kids financial responsibility 01:48 Pride in kids learning independently 04:01 The value of small mistakes before big ones 06:12 Building decision awareness for future independence 06:41 Summary: Building responsible adults, not perfect kids 06:55 Closing thoughts and resources

In this week's episode of Built For Life Not Just Wealth, Ryan Burklo discusses how to build a resilient financial plan that can withstand unexpected setbacks and market volatility, emphasizing the importance of liquidity, realistic risk assessment, and decision-making flexibility. He also highlights the value of preparing for multiple outcomes, so you're not forced into reactive choices when conditions change. By keeping your plan adaptable and stress-tested, you can stay confident and avoid making emotional decisions during uncertainty.

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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

#financialplanning

#resilience

#liquidity

#riskmanagement

#marketvolatility

#financialindependence

#emergencyfund

#decision-making

#liferisks

Takeaways

A bad year can force bad decisions if your liquidity is insufficient. Building resilience involves understanding what could realistically go wrong. Access to cash allows for more risk-taking and flexibility. A resilient plan provides choices when things go wrong. Risk isn't just about bad things happening, but about having no choices.

Chapters

00:00 Introduction: Why resilience matters in financial planning 01:54 The myth of a smooth financial journey 04:05 The importance of liquidity and access to cash 05:52 Identifying vulnerabilities in your financial plan 09:08 Decisions forced by income loss and market downturns 10:56 Building resilience without sacrificing upside potential 12:05 What part of your plan worries you most? 13:05 Conclusion: Creating a financial life built for life

In this week's episode of Built For Life Not Just Wealth, Ryan Burklo shares a deeply personal story about his brother's battle with cancer and how it reshaped his perspective on life and financial planning. This episode explores balancing living for today with preparing responsibly for tomorrow.

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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

#BuiltForLifeNotJustWealth

#financialplanning

#livingfortoday

#futuresecurity

#personalstory

#lifelessons

#balance

#liquidity

#riskmanagement

#familyvalues

#motivation

Takeaways

You can't sacrifice your entire present for a future that's not guaranteed. Planning for tomorrow is important, but so is living today. Understanding your cash flow and liquidity is crucial for financial freedom. Balance responsible planning with enjoying life in the moment. Personal stories can deeply influence and improve financial advice.

Chapters

00:00 Introduction to the episode and Ryan's core message 02:02 Brent's fight with cancer and its impact on his dreams 04:58 The moment Brent saw a plane and expressed his longing to fly 07:11 Common financial mistakes: living entirely for today or tomorrow 08:17 How understanding what you value helps in responsible living 09:15 The question of affordability versus impact on future security 10:10 The concept of liquidity and its role in financial confidence 11:45 Core principles of financial planning: protection, liquidity, cash flow 12:15 The true purpose of planning: building and living your life 12:48 Closing thoughts and resources for listeners

In this week's episode of Built For Life Not Just Wealth, Ryan Burklo discusses the essential questions to ask when interviewing a financial advisor, emphasizing the importance of understanding their philosophy, process, and team to ensure a good fit and successful financial planning. He also encourages listeners to look beyond credentials and focus on whether the advisor's approach aligns with their own goals, values, and communication style. That deeper alignment can make the relationship more effective and build more confidence over time.

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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

#BuiltForLifeNotJustWealth

#financialadvisor

#interviewquestions

#financialplanning

#investmentstrategy

#advisorfees

#clientsuccess

#planningprocess

#teamstructure

#successmeasurement

Takeaways

Ask about the advisor's planning philosophy to understand their approach. Understand how the advisor gets paid to identify potential conflicts of interest. Learn about the advisor's planning process to gauge their professionalism and client focus. Know who is on your advisory team and their expertise. Measure success based on your goals, not just market performance.

Chapters

00:00 Introduction: Why Choosing the Right Financial Advisor Matters 01:24 Question 2: How Do You Get Paid? 02:22 Question 3: What Is Your Planning Process? 04:46 Question 4: Who Is My Advisor and Team? 06:10 Question 5: How Do You Measure Client Success? 07:07 Key Takeaways and Final Advice

In today's episode of Built For Life Not Just Wealth, Ryan Burklo discusses the unpredictability of markets and careers, emphasizing the importance of adaptable strategies over predictions. He highlights how historical shifts in top companies illustrate the futility of trying to predict winners and advocates for flexible, principle-based financial planning. By focusing on durable habits and a long-term framework, he shows how people can stay resilient even when the future looks uncertain. This approach helps reduce the pressure to "get it right" and instead encourages steady decision-making through change.

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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

#BuiltForLifeNotJustWealth

#investing

#marketunpredictability

#financialplanning

#diversification

#careerdevelopment

#adaptability

#markethistory

#investmentstrategy

Takeaways

Humans confuse today with forever, leading to flawed predictions. Most investors should focus on owning the market rather than predicting winners. Flexibility and principles are more important than predictions in financial planning. Diversification helps manage the unpredictability of markets and careers. Building adaptable strategies is crucial for long-term success.

Chapters

00:00 The Myth of Predicting Market Winners 02:13 The Human Problem: Believing Today's Winners Are Forever 04:15 Unexpected Trends in International and Small Cap Markets 06:42 Diversification and Human Biases in Investing 07:38 The Future of Markets and the Need for Evolving Strategies 08:26 Encouragement to Think Differently About Money and Investing

In today's episode of Built For Life Not Just Wealth, Ryan Burklo and Alex Collins discuss the importance of estate planning, passing down values, and how to align your estate plan with your family's goals. They explore how to create meaningful legacies beyond just financial inheritance, emphasizing the role of intentional communication in shaping a family's future. The conversation also highlights why a well-designed estate plan should reflect not only what you want to leave behind, but also the values and purpose you hope will carry forward for generations.

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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

#BuiltForLifeNotJustWealth

#EstatePlanning

#Inheritance

#FamilyValues

#Legacy

#FinancialLiteracy

#Trusts

#Wills

#WealthTransfer

#FamilyConversations

Takeaways

The greatest inheritance is who your children become, not just what they receive. Estate planning is about what you want your money to accomplish, not just the amount. Having open family conversations about estate plans prevents conflicts and misunderstandings. Trusts can be used to set guardrails and protect assets from divorce or misuse. Teaching kids financial literacy and values is a crucial part of estate planning.

Chapters

00:00 Introduction: The Purpose of Estate Planning 02:07 Why Parents Leave Inheritance: Protection and Security 04:14 What Do You Want Your Money to Accomplish? 07:08 The Role of Trusts and Wills in Estate Planning 09:55 Teaching Values and Financial Literacy to Kids 13:03 The Importance of Family Conversations 17:04 Common Pitfalls and How to Avoid Family Conflicts 20:01 Final Questions: Are You Prepared? 21:01 Closing Remarks: Legacy Is Who They Become

In this week's episode of Built For Life Not Just Wealth, Ryan Burklo discusses the five key risks of concentrated stock holdings and how high-income individuals can manage these risks to protect their financial future.

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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

#BuiltForLifeNotJustWealth

#concentratedstock

#financialrisks

#incomerisk

#investmentrisk

#taxrisk

#emotionalrisk

#lifestylerisk

#financialplanning

Takeaways

Diversify your income sources beyond your company's stock. Understand the five risks of stock concentration: income, investment, tax, emotional, lifestyle. A balanced financial plan considers all five risks to ensure stability. Emotional attachment to stock can cloud judgment and lead to poor decisions. Assess your risk tolerance and ensure your balance sheet can withstand market downturns.

Chapters

00:00 Introduction: The story of a client with $4 million in company stock 00:32 The importance of understanding how much of your financial future depends on one company 01:18 The five-legged table analogy for financial stability 02:17 Risk 1: Income risk - layoffs and company struggles 03:14 Risk 2: Investment risk - stock drops and timing concerns 04:37 Risk 3: Tax risk - managing taxes when diversifying 05:30 Risk 4: Emotional risk - psychological attachment to stock 06:59 Risk 5: Lifestyle risk - impact on retirement and lifestyle choices 07:59 Conclusion: Balancing risks and ensuring financial stability

In today's episode of Built For Life Not Just Wealth, Ryan Burklo shares a framework of five essential family meetings that can help you align your financial and life goals, protect your family, and build a meaningful legacy. Drawing from real conversations with clients and his own family, he shows how these meetings foster honest communication, intentional planning, and stewardship—so your family can stay on the same page about vision, cash flow, protection, opportunities, and the values you want passed down for generations.

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

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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

#BuiltForLifeNotJustWealth

#familymeetings

#financialplanning

#legacy

#protection

#cashflow

#vision

#opportunity

#stewardship

#retirementplanning

Takeaways

Families should hold annual meetings to align on life and financial goals. A vision meeting helps clarify what each family member wants for the future. Understanding where money goes is crucial for effective financial planning. Protection meetings ensure the family is insured and estate plans are in place. Opportunity meetings help decide where to invest or spend resources. Legacy meetings focus on values, inheritance, and family stories.

Chapters

00:00 Introduction: Why Family Meetings Matter 01:30 The Vision Meeting: Defining Your Family's Future 02:26 Understanding Your Family's Dream Lifestyle 03:52 The Cash Flow Meeting: Tracking Income and Expenses 05:28 Protection Strategies: Insurance and Estate Planning 07:20 Opportunity Meeting: Making Smart Investment Choices 09:12 The Legacy Meeting: Passing Down Values and Assets 10:22 Recap and Encouragement to Implement These Meetings

On today's episode of Built For Life Not Just Wealth, Alex Collins as he delves into the essentials of investing, covering key topics such as portfolio construction, investment philosophy, risk management, and diversification strategies. This episode is ideal for anyone eager to establish a robust investment foundation and gain confidence in navigating the financial markets.

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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 286: https://www.builtforlifenotjustwealth.com/episode-286-the-5-principles-of-investing/

Episode 304: https://www.builtforlifenotjustwealth.com/episode-304-what-is-index-investing/

Episode 359: https://www.builtforlifenotjustwealth.com/retirement-isnt-about-assets-its-about-income/

Episode 282: https://www.builtforlifenotjustwealth.com/episode-282-understanding-recovery-rates-in-investing/

#BuiltForLifeNotJustWealth

#investing

#portfolioconstruction

#diversification

#riskmanagement

#investmentphilosophy

#ETFs

#stocks

#bonds

#financialplanning

Key Topics

Investment philosophy and beliefs Portfolio construction and diversification Risk management and volatility Market efficiency and information absorption Asset classes: stocks, bonds, real estate, commodities Investment structures: ETFs, mutual funds, individual securities Time horizon and risk tolerance Aligning investments with personal values

Chapters

00:00 Introduction to Investing Basics 01:26 Understanding Investment Philosophy 03:37 Market Efficiency and Investment Strategies 05:39 Portfolio Construction and Diversification 09:00 Risk, Return, and Time Horizon 14:00 Building a Personalized Portfolio 18:12 Conclusion and Resources

Join Ryan Burklo and Alex Collins as they delve into the crucial role life insurance plays in a well-rounded financial plan. Through an engaging and detailed case study, they highlight the significance of cash flow management, protection strategies, and strategic planning. This episode is designed to empower listeners with the knowledge needed to make informed decisions about their financial future, ensuring they are well-prepared for any eventuality.

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

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

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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

#BuiltForLifeNotJustWealth

#financialplanning

#lifeinsurance

#cashflow

#protection

#casestudy

#wealthmanagement

#retirementplanning

Key Topics

Importance of life insurance in financial planning Analyzing a client's balance sheet and assets Impact of income and lifestyle on insurance needs Scenario analysis of life insurance coverage Protection from income loss due to unexpected events

Chapters

00:00 Introduction to Financial Planning and Protection 02:28 Analyzing a Client's Balance Sheet 10:59 The Importance of Life Insurance 17:09 Understanding Income Protection and Financial Planning

In this week's episode of Built For Life Not Just Wealth, Ryan Burklo delves into the intricacies of investing with a research-backed, academic approach. He emphasizes the importance of focusing on long-term factors, diversification, and thorough portfolio analysis. By exploring these key elements, Ryan provides insights into managing risks effectively and optimizing returns. His discussion offers valuable guidance for both novice and experienced investors looking to enhance their financial strategies.

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

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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

#Investing

#PortfolioManagement

#Academi Research

#Diversification

#RiskManagement

#NobelLaureates

#MarketFactors

#FinancialPlanning

Key Topics

Market efficiency and instant reflection of information Four main factors influencing returns: bonds, size, value, profitability Importance of diversification across global assets Risks of over-concentration in single asset classes Using academic research to guide investment decisions

Chapters

00:00 Investing Philosophy: A New Approach 02:52 Understanding Market Dynamics and Factors 06:10 The Importance of Diversification 08:51 Analyzing Portfolio Risks and Asset Allocation