In this episode of Built For Life Not Just Wealth, Ryan Burklo presents five essential tests that serve as a comprehensive guide to evaluating your financial success. These tests focus on key areas such as control, protection, freedom, alignment, and liquidity. By understanding and applying these principles, you can effectively assess your financial health and ensure it aligns with your broader life goals. This approach not only helps in identifying areas of improvement but also empowers you to make informed decisions that support your long-term aspirations.

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

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

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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

Episodes mentioned by Ryan in this episode:

Episode 275 - The Power of a Wealth Building Account: https://www.youtube.com/watch?v=wfn6tE4AEXg

Episode 261 - The Impact of Inadequate Life Insurance: https://www.youtube.com/watch?v=ioBRIastBDU

Episode 262 - 15 Minutes To Save You Millions Instead Of 15%: https://www.youtube.com/watch?v=NfWtdXwyOLA

Episode 337 - Crafting a Future That Shapes Today: https://www.youtube.com/watch?v=ly2dvx3OhaY

Episode 339 - Why Discipline Isn't the Problem - Alignment Is: https://www.youtube.com/watch?v=OZq7z4orwuE

Episode 342- True Liquidity: The Backstop to the Balance Sheet: https://www.youtube.com/watch?v=1aLTFVKcdLA

#BuiltForLifeNotJustWealth

#financialsuccess

#cashflow

#incomeprotection

#freedomtimeline

#financialalignment

#liquidity

#financialplanning

#resilience

#wealthbuilding

Takeaways

Control your cash flow to build wealth in the margin
Protect your income against disruptions like job loss or lawsuits
Create a freedom timeline with accessible income for optionality
Ensure your money reflects your life priorities and values
Build structural resilience with diversified buckets and legal protections

Chapters

00:00 Redefining Financial Success
02:57 The Five Tests of Financial Success

In this episode of Built For Life Not Just Wealth, Ryan Burklo and Alex Collins explore the concept of the 'invisible guest' in decision-making, especially around finances, and how subconscious influences shape our financial behaviors. They discuss how to identify these influences, align your values, and create a financial plan that reflects your true desires.

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

#financialplanning

#invisibleguesttheory

#subconsciousinfluences

#retirement

#moneymindset

#values

#financialdecision-making

#behavioralfinance

#lifevision

#emotionalinfluences

Takeaways

Many high-net-worth individuals feel uneasy despite financial success
Our childhood and experiences program our money beliefs
Identifying the 'invisible guest' helps in making better financial decisions
Aligning your financial plan with your core values reduces stress and increases satisfaction
Understanding the emotional influences on money can lead to more freedom and flexibility in life

Chapters

00:00 Understanding Financial Unease
05:45 Money Mindsets and Their Origins
11:49 Identifying the Invisible Guest
17:52 Taking Action: Steps to Financial Clarity

In this episode of Built For Life Not Just Wealth, Ryan Burklo explores how unconscious language shapes our financial decisions and life outcomes. He emphasizes the importance of becoming aware of quiet scripts we tell ourselves, such as 'I don't have time' or 'It's not the right time,' and how these beliefs influence our behavior and future. Practical exercises and conscious awareness are key to transforming these scripts and living a more intentional life.

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

#self-awareness

#language

#financialplanning

#mindset

#personaldevelopment

#unconsciousscripts

#habits

#decision-making

#lifecoaching

Key Topics

The impact of unconscious language on decision-making
Common limiting beliefs like 'I don't have time' or 'It's not the right time'
Practical exercises to increase self-awareness and change scripts
The role of identity and language in shaping financial habits
The importance of conscious communication for personal and financial growth

Chapters

00:00 Unconscious Scripts and Their Impact
05:49 Identity and Self-Perception

In this episode of Built For Life, Not Just Wealth, Ryan Burklo delves into the application of Schopenhauer's philosophy to wealth-building and achieving a fulfilled life. He presents six actionable steps designed to transform your mindset: detach from the perpetual cycle of desires and concentrate on goals that truly matter. This approach not only aligns financial growth with personal values but also emphasizes the importance of intentional living and reducing unnecessary suffering.

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

#Philosophy

#Schopenhauer

#Mindset

#Personaldevelopment

#Financialplanning

#Stressreduction

#lifegoals

Takeaways

Understanding Schopenhauer's concept of the insatiable will helps reframe wealth as a tool, not an end.
Setting finite goals and detaching from endless desires reduces stress and increases fulfillment.
Using nature and hobbies as a way to recharge and gain perspective.
Practicing compassion in financial decisions aligns wealth with personal values.
Automating and cutting non-essential expenses frees up resources for what truly matters.
Regularly reviewing your big picture keeps you aligned with your core values.
Guarding your mind from negativity and distraction is crucial for mental clarity and focus.
Building wealth deliberately involves minimizing unnecessary stress and suffering.
Applying philosophical insights can lead to a more intentional and satisfying life.

Chapters

00:00 The Quest for Meaning in Wealth
05:40 Setting Finite Goals and Finding Balance

In this episode of Built For Life, Not Just Wealth, Ryan Burklo explores the critical connection between your financial structure and your personal freedom. Discover how misalignment can quietly undermine your goals—and learn practical ways to align your money with the life you truly want.

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

#financialalignment

#lifegoals

#wealthmanagement

#stressreduction

#financialplanning

#lifestyledesign

KEY TOPICS

The impact of financial structure on life goals
How spending habits affect financial freedom
The role of intentional financial planning
The concept of compound effects in life and finance

Chapters

00:00 The Quest for Freedom and Alignment
02:53 Understanding Compounding: Positive and Negative Effects
05:49 Aligning Cash Flow with Life Goals
08:57 The Importance of Intentional Living

In this episode of Built For Life, Not Just Wealth, Ryan Burklo and Alex Collins discuss the concept of true liquidity in retirement planning. They emphasize the importance of having a financial strategy that allows retirees to access funds without being negatively impacted by market downturns. The conversation covers various strategies for managing retirement income, the significance of maintaining a true liquidity bucket, and real-life examples illustrating the benefits of this approach. The hosts also address common misconceptions about market timing and the role of interest rates in retirement planning, ultimately advocating for a balanced approach to financial security.

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

#trueliquidity

#marketdownturns

#investmentstrategies

#financialsecurity

#wealthmanagement

#cashflow

#retirementincome

#financialplanning

#riskmanagement

Takeaways

True liquidity is essential for retirement planning.
Retirees often face challenges when markets are down.
Having a true liquidity bucket can mitigate financial stress.
It's important to have a strategy for accessing funds during downturns.
Market timing is not a reliable strategy for retirees.
Understanding the emotional aspect of financial decisions is crucial.
Real-life examples illustrate the benefits of true liquidity.
Interest rates play a significant role in retirement planning.
A diversified approach can enhance financial security.
Planning should be proactive and tailored to individual needs.

Chapters

00:00 Introduction to True Liquidity
03:38 Understanding True Liquidity and Its Importance
06:29 Market Timing vs. True Liquidity
10:08 Real-Life Examples of True Liquidity
16:07 Comparative Analysis of Market Conditions
21:27 The Emotional Aspect of Retirement Planning
23:29 The Need for a True Liquidity Bucket
26:15 Conclusion and Call to Action

In this episode, Ryan Burklo and Alex Collins discuss the complexities of navigating stock market opinions and the futility of market timing. They emphasize the importance of a diversified investment strategy and the need for long-term planning, especially as individuals approach retirement. The conversation highlights the noise created by market predictions and the necessity of focusing on personal financial goals rather than external pressures.

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

#stockmarket

#markettiming

#diversification

#retirementplanning

#financialadvice

#investmentstrategies

#marketpredictions

#wealthmanagement

#financialliteracy

#economic trends

Takeaways

Market timing does not work; it's about time in the market.
Predictions are often just guesses; focus on planning instead.
Diversification is key to a healthy investment portfolio.
Understanding the market means looking beyond just the S&P 500.
Many investors are over-concentrated in a few stocks.
Zooming out helps to see the bigger picture of investments.
Retirement planning should start well before retirement age.
It's important to align your financial strategy with personal goals.
The financial landscape has changed; past strategies may not apply today.
Planning for the future is quieter but more impactful than predictions.

Chapters

00:00 Navigating Market Opinions
03:09 Understanding Market Timing and Predictions
05:45 The Importance of Diversification
11:59 Planning for Retirement and Market Valuation

In this episode, Ryan Burklo discusses the complexities of taxes in retirement, challenging the common myth that individuals will be in a lower tax bracket after they retire. He emphasizes the importance of planning for tax implications on income streams and the necessity of tax diversification to maximize after-tax income. Through examples, he illustrates how different investment strategies can impact tax liabilities and overall financial health in retirement.

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

Related episode Ryan mentioned in podcast: https://www.builtforlifenotjustwealth.com/episode-252-how-do-taxes-work/

#BuiltForLifeNotJustWealth

#taxes

#retirement

#taxbrackets

#incomestreams

#taxdiversification

#RothIRA

#financialplanning

#wealthmanagement

#retirementplanning

#after-taxincome

Takeaways

The myth of lower tax brackets in retirement is often misleading.
Planning for tax implications is crucial for retirement income.
Most people focus on accumulation rather than distribution planning.
The IRS does not refund poor financial planning decisions.
Tax diversification can significantly affect retirement income.
Roth accounts can provide tax-free income in retirement.
Understanding tax brackets is essential for effective retirement planning.
Effective tax rates can be lowered through strategic withdrawals.
It's important to consider both accumulation and tax strategies.
Maximizing after-tax income should be a priority in retirement planning.

Chapters

00:00 Understanding Taxes in Retirement
02:20 Analyzing Income and Tax Brackets
05:55 Tax Allocation and Diversification Strategies
08:18 Maximizing After-Tax Income in Retirement