In this episode of "Built for Life Not Just Wealth," Ryan Burklo and Alex Collins discuss the importance of aligning financial planning with life events rather than just focusing on wealth accumulation. They emphasize how significant life moments—whether joyous or challenging—can shift perspectives on money, highlighting that financial security allows individuals to make decisions without the burden of financial stress. The conversation also touches on the need for flexibility in financial planning, advocating for liquidity and a cash flow system that empowers clients to prioritize their life experiences over mere wealth optimization.

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

#financialplanning

#lifeevents

#liquidity

#cashflow

#wealthmanagement

#financialsecurity

#lifeoptimization

#financialflexibility

#wealthvslife

Takeaways

"What money can't actually fix."
"Flexibility is greater than maximum net worth."
"We want to design your future so powerfully that it reshapes your present."
"You don't know how much liquidity you need until you need it."
"It's not about this, it's about family."

Chapters

00:00 Introduction to the New Podcast Theme
01:10 Life Events and Financial Planning
04:21 Optimizing Finances for Life
07:51 Planning with Flexibility
10:40 The Importance of Liquidity
12:27 Creating a Cash Flow System
13:17 Designing a Future that Reshapes the Present

In this episode of Beer and Money, hosts Ryan Burklo and Alex Collins announce an exciting rebranding of their podcast to 'Built for Life, Not Just Wealth.' They reflect on the origins of the podcast, which began as a casual lunch-and-learn session at Amazon's Brave Horse restaurant, where they aimed to make discussions about money more approachable and less stressful. Over time, they realized that their conversations have evolved to focus more on how money impacts life, rather than just the numbers themselves. This shift is driven by feedback from their clients, who are more interested in how financial decisions affect their personal lives and goals.

Ryan and Alex emphasize that the new direction will still include honest discussions about money but will also incorporate real-life applications and insights from various professionals outside the financial realm. They aim to help listeners understand that wealth is a tool to enhance life experiences, not just a goal in itself. The episode concludes with a commitment to maintain the relaxed atmosphere of the show, encouraging listeners to enjoy a beer while tuning in, and a powerful tagline: 'Design your future so powerful, it reshapes your present.

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

#financialpodcast

#moneymanagement

#wealthandlife

#financialplanning

#personalfinance

#rebrandingpodcast

#lifegoals

#financialadvice

Takeaways

It's not just about the money, it's about what you can do with it.
Wealth as a tool, not just for building wealth.
Design your future so powerful, it reshapes your present.
Money matters, but the life it supports matters more.
We want to help people transition to a life-focused financial approach.

Chapters

00:00 Introduction and Podcast Evolution
02:57 Shifting Focus: Money and Life Integration
05:55 New Direction: Built for Life, Not Just Wealth

In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the challenges and strategies associated with over-concentrated stock positions, particularly in the context of tech companies and other large firms. They explore the risks of having a significant portion of one's wealth tied to a single stock, the emotional connections that can complicate decision-making, and the importance of coordinated financial planning. The conversation covers various strategies for unwinding concentrated positions, including selling shares, tax implications, and alternative methods such as options and exchange funds. The hosts emphasize the need for a systematic approach to managing concentrated wealth and the importance of seeking professional guidance.

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

#over-concentratedstock

#financialplanning

#riskmanagement

#investmentstrategies

#taximplications

#stockoptions

#wealthmanagement

#diversification

#financialadvisor

#concentratedwealth

Takeaways

Many clients have concentrated stock positions due to RSUs or stock options.
Concentrated risk can become significant over time, especially in tech.
Emotional ties to a company can complicate financial decisions.
It's crucial to consider future changes in company leadership.
Planning to unwind concentrated risk can take months or years.
Tax implications can complicate the selling of concentrated stock.
Diversification is key to managing concentrated positions.
Coordinating with financial and tax professionals is essential.
There are strategies to manage concentrated stock without selling.
Proactive planning can prevent financial stress in retirement.

Chapters

00:00 Introduction to Over-Concentrated Stock Positions
02:51 Understanding the Risks of Concentrated Wealth
05:53 Planning Considerations for Unwinding Concentrated Risk
08:55 Strategies for Managing Concentrated Stock Positions
12:06 Alternative Approaches to Selling Stock
15:06 Conclusion and Call to Action