Built For Life, Not Just Wealth

Built For Life, Not Just Wealth is the podcast from Ryan Burklo and Alex Collins of Quantified Financial Partners in the Greater Seattle area. Earlier episodes were published as Beer & Money and Holistic Finance.

In today's episode of Built For Life Not Just Wealth, Ryan Burklo explores the psychological aspects of financial stress and the importance of training your mind to achieve true financial independence and peace of mind. He examines how fear, limiting beliefs, and emotional habits can influence financial decisions and long-term well-being. By developing greater mental clarity and intentionality, individuals can build a healthier relationship with money and create lasting confidence in 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

#financialstress

#neuroplasticity

#financialindependence

#worry

#mentalhealth

#retirementplanning

#stressmanagement

#financialsecurity

#mindset

#success

Takeaways

Repeated stress may reinforce stress, making worry a habit. Success behaviors like worrying and overpreparing can become counterproductive. Building a resilient financial plan involves mental training, not just numbers. Feeling secure is a psychological state, not just a financial one. Consistent mental training is necessary to change worry patterns.

Chapters

00:00 Ryan introduces the concept of neuroplasticity and stress reinforcement 02:20 The tension between behaviors that create success and their long-term effects 04:29 The difference between having enough and feeling secure 05:26 Four questions to audit your worry patterns 06:48 Practicing what you worry about and its impact 07:55 Repetition in neuroplasticity and its role in worry and success 09:22 The concept of psychological independence from money 10:19 Controlling what can be controlled and the importance of mental training 11:02 The risk of spending a lifetime waiting for someday 11:30 Closing thoughts and resources for ongoing support

Built For Life, Not Just Wealth is the podcast from Ryan Burklo and Alex Collins of Quantified Financial Partners in the Greater Seattle area. Earlier episodes were published as Beer & Money and Holistic Finance.

In this episode of Built For Life Not Just Wealth, Alex Collins explores the capabilities and limitations of AI in financial planning, emphasizing the importance of proper prompting, verification, and human oversight to avoid pitfalls. He also shows how small errors or unchecked assumptions can quickly create big consequences in high-stakes financial decisions.

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

#AI

#financialplanning

#prompts

#verification

#financialliteracy

#portfoliomanagement

#retirementplanning

#AIblindspots

#financialadvice

#tools

Takeaways

Prompts significantly influence AI outputs in financial planning. Always verify AI recommendations with trusted sources. AI struggles with complex calculations and personalized advice. Use AI as a supplementary tool, not a sole decision-maker. Financial literacy is crucial to interpret AI outputs effectively.

Chapters

00:00 Introduction to AI in Financial Planning 02:24 Blind Spots in AI Math and Strategy 03:05 Case Study: Retirement Portfolio Shift 04:03 The Impact of Small Errors in AI Calculations 05:00 AI's Inability to Fully Replace Human Expertise 07:03 The Need for Financial Literacy and Oversight 08:20 Risks of Over-Reliance on AI 09:19 Using AI to Find Financial Advisors 10:26 AI as a Tool, Not a Replacement 11:12 Encouragement to Use AI Responsibly

Built For Life, Not Just Wealth is the podcast from Ryan Burklo and Alex Collins of Quantified Financial Partners in the Greater Seattle area. Earlier episodes were published as Beer & Money and Holistic Finance.

In today's episode of Built For Life, Not Just Wealth, what if the thing blocking your financial progress is just one tiny word? Ryan Burklo reveals why the difference between saying "but" and "and" can expose the real tension behind your money goals - whether you want to build wealth, retire earlier, help your kids, or keep your lifestyle exactly the same. If you've ever felt stuck trying to want two good things at once, this episode gives you a better way to name it. Ryan breaks down how "and" changes the conversation from wishful thinking to honest trade-offs. Instead of forcing yourself to pick one goal too early, you'll learn how to identify competing priorities, test whether both can actually be true, and understand what has to change if they can't.

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

#goalsetting

#financialplanning

#lifebalance

#SethGodin

#mindset

#personaldevelopment

Takeaways

Using 'and' instead of 'but' reveals competing goals that need reconciliation. Recognizing your 'and' helps create more realistic and achievable plans. Asking three key questions can clarify whether goals are possible and what trade-offs are involved. Understanding the tension between goals can lead to better decision-making. Writing down your conflicting desires makes it easier to address them intentionally.

Chapters

00:00 Introduction to the 'And' Concept 02:02 The Role of Tension in Planning 04:33 Building a Plan for Multiple Goals 05:19 Practical Steps to Clarify Your 'And' 06:13 Key Questions to Ask Yourself 07:03 Final Thoughts and Takeaways

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.

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

#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.

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

#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.

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

#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.

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

#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.

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

#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.

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

#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.

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

#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