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.

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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

#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