Beer & Money Ryan Burklo & Alex Collins

In this episode, Ryan Burklo and Alex Collins discuss the taxation component of net after-tax rate of return. They emphasize the importance of understanding the impact of taxes on investment returns over a long period of time. They use a visual representation to show the difference between gross and net growth of an investment portfolio after taxes. They highlight the significant impact that taxes can have on the final value of assets and the importance of considering taxation when making investment decisions. They also tease the next episode, where they will discuss strategies to increase cash flow in retirement while decreasing taxation.
Takeaways
Understanding the impact of taxes on investment returns is crucial for long-term financial planning.
Taxes can significantly reduce the net growth of an investment portfolio.
Considering taxation when making investment decisions is important to maximize after-tax returns.
Strategies to increase cash flow in retirement while decreasing taxation can have a significant impact on financial well-being.
Chapters
00:00 Introduction: Net After-Tax Rate of Return
02:36 The Importance of Considering Taxes in Investment Returns
06:54 Gross Growth vs. Net Growth: The Impact of Taxes
10:08 Strategies for Maximizing After-Tax Returns
13:02 Teaser: Increasing Cash Flow and Decreasing Taxation in Retirement
14:34 Question of the Day: Strategies for Increasing Cash Flow and Decreasing Taxation

Tyler Graham, a coach for dads with young kids, shares his journey and insights on intentional fatherhood. He started posting on LinkedIn about leadership and non-anxious presence, but found that his posts about fatherhood generated more engagement. Tyler emphasizes the importance of creating a space for dads to talk about the challenges and struggles of fatherhood, as many dads feel alone in navigating these issues. He helps dads prioritize their time and energy by aligning their actions with their values and vision for fatherhood. Tyler introduces the BURN-Untamed framework, which focuses on heat (vision), oxygen (creating space), and fuel (rhythms and systems) to help dads live sustainably and wholeheartedly as fathers. Tyler Graham emphasizes the importance of valuing family time and prioritizing the dinner table. He shares how he and his wife made adjustments and decisions to ensure they have quality time together as a family. They prioritize their family values and align their schedules to make it happen. Tyler also discusses the significance of being on the same page with your spouse and holding each other accountable. He suggests having regular conversations and date nights to stay connected. Tyler encourages dads to start where they are and take small, sustainable steps towards intentional and wholehearted fatherhood. To learn more about Tyler, please visit his website www.burnuntamed.com
If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net 
Takeaways
Creating a space for dads to talk about the challenges and struggles of fatherhood is important, as many dads feel alone in navigating these issues.
Aligning actions with values and vision helps dads prioritize their time and energy.
The BURN-Untamed framework (heat, oxygen, fuel) can help dads live sustainably and wholeheartedly as fathers.
Having conversations with your spouse about values and vision for fatherhood is crucial for alignment and creating a strong foundation for intentional fatherhood. Value family time and prioritize the dinner table
Align schedules and make decisions that support family values
Be on the same page with your spouse and hold each other accountable
Have regular conversations and date nights to stay connected
Start where you are and take small, sustainable steps towards intentional fatherhood
Chapters
00:00 Introduction and Background
03:36 The Importance of Talking About Fatherhood
08:33 The Challenges Dads Face
11:19 Aligning Actions with Values and Vision
14:15 The BURN-Untamed Framework
23:00 Aligning Schedules and Making Decisions
24:33 Being on the Same Page with Your Spouse
29:20 Family as a Team
31:16 Regular Conversations and Date Nights
33:59 Taking Small, Sustainable Steps

In this episode, Ryan Burklo and Alex Collins discuss the challenge of turning variable assets into a consistent income stream in retirement. They emphasize the importance of making efficient choices today to set oneself up for flexibility in the future. They explore the concept of promised-based assets, such as Social Security and pensions, which provide a steady income stream, and compare them to market-based assets, like stocks and bonds, which can be more volatile. They also discuss the risks of relying solely on market-based assets and the benefits of incorporating promised-based assets into one's retirement plan. The conversation highlights the need to consider the entire picture and balance one's portfolio between market-based and promised-based assets.
Takeaways
Making efficient choices today can set you up for more flexibility in retirement.
Promised-based assets, such as Social Security and pensions, provide a steady income stream.
Market-based assets, like stocks and bonds, can be more volatile and may not produce consistent income in retirement.
Balancing your portfolio between market-based and promised-based assets can help mitigate risk and provide more financial security in retirement.
Chapters
00:00 Introduction
06:16 Understanding Single Point of Failure in Retirement Planning
13:09 Balancing Your Portfolio: Incorporating Promised-Based Assets
26:30 Question of the Day
 

In this episode, Ryan Burklo and Alex Collins discuss the importance of expanding financial knowledge beyond personal experiences. They highlight the influence of personal experiences on financial decision-making and the need to seek advice from professionals with broader expertise. The conversation emphasizes the significance of continuous learning and staying curious to challenge and update existing beliefs. They also stress the importance of looking at the entire financial picture and avoiding silo decision-making. The three main takeaways are: 1) Work with someone who has extensive financial knowledge and experience, 2) Continually learn and stay curious, and 3) Consider the entire financial picture and avoid relying on one-size-fits-all solutions.
If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Takeaways
Work with someone who has extensive financial knowledge and experience
Continually learn and stay curious
Consider the entire financial picture and avoid relying on one-size-fits-all solutions
Chapters
00:00 Introduction and Personal Experiences with Finance
02:30 The Influence of Personal Experiences on Financial Decision-Making
08:32 Challenging Existing Beliefs and Seeking Knowledge
13:22 Continuous Learning and Staying Curious
19:45 Question of the Day and Conclusion

In this episode, Ryan and Alex discuss five wealth objectives that everyone has but are often not properly planned for. These objectives include creating the highest possible cashflow, creating the lowest possible tax, never running out of money, meeting legacy objectives, and minimizing risk. They emphasize the importance of planning for these objectives in a comprehensive and efficient manner, rather than solely focusing on a target net worth or rate of return. The hosts also highlight the significance of budgeting as a tool for financial freedom and stress the need to tailor financial plans to individual circumstances. If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
 
Takeaways
The five wealth objectives that everyone has are creating the highest possible cashflow, creating the lowest possible tax, never running out of money, meeting legacy objectives, and minimizing risk.
Many people do not plan for these objectives in a comprehensive and efficient manner, instead focusing on a target net worth or rate of return.
Budgeting can be a tool for financial freedom, allowing individuals to allocate a portion of their income towards their goals and enjoy the rest.
Financial plans should be tailored to individual circumstances, taking into account factors such as risk tolerance, income sources, and legacy objectives.
Chapters
00:00 Introduction
00:55 Five Wealth Objectives
04:28 Creating the Lowest Possible Tax
04:35 Never Running Out of Money
04:43 Meeting Legacy Objectives
05:49 Minimizing Risk
08:16 Focusing on the Wrong Things
12:11 Budgeting as Freedom
13:20 Spending Time Where You Want
15:09 The Single Point of Failure
19:18 The Average Rate of Return Fallacy
21:31 Tailoring the Plan to the Individual
21:40 Question of the Day
22:15 Conclusion

In this episode, Ryan Burklo discusses the single biggest factor that contributes to financial success: managing cashflow. He highlights the flawed cashflow management system that most people have, where income increases are often accompanied by lifestyle inflation. Using a 30-year time horizon and a 5% average income increase, Ryan demonstrates how a 1% difference in lifestyle inflation can significantly impact wealth accumulation. By managing cashflow and keeping lifestyle inflation in check, individuals can save and invest more, leading to a substantial increase in their nest egg over time. 
If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Takeaways
Managing cashflow is the single biggest factor for financial success.
Most people have a flawed cashflow management system that leads to lifestyle inflation.
A 1% difference in lifestyle inflation can have a significant impact on wealth accumulation over time.
By monitoring and managing cashflow, individuals can save and invest more, leading to a larger nest egg.
Chapters
00:00 Introduction: The Single Biggest Factor for Financial Success
00:31 The Flawed Cashflow Management System
01:25 The Impact of Income and Lifestyle
05:21 The Power of Saving and Investing
07:01 The Role of Lifestyle Inflation
08:01 Managing Cashflow with a Wealth Building Account
09:55 The Impact of a 1% Difference in Lifestyle
11:04 The Key Ingredient for Financial Success
11:56 Conclusion: The Importance of Monitoring and Managing Lifestyle