Sep 16, 2024
In this episode, Ryan Burklo and Alex Collins discuss the importance of planning with cashflow in mind. They highlight the common focus on accumulating assets and net worth, rather than considering the income generated by those assets. They emphasize the need to think with the end in mind and prioritize cashflow, taxes, and asset distribution. The conversation explores the different tax categories (fully taxable, partially taxable, and non-taxable) and the importance of having flexibility in asset allocation. The hosts encourage listeners to consider their future financial goals and reach out for personalized analysis and guidance.
Takeaways
Many people focus on accumulating assets and net worth, but fail
to consider the income generated by those assets.
Thinking with the end in mind involves prioritizing cashflow,
taxes, and asset distribution.
Understanding the different tax categories (fully taxable,
partially taxable, and non-taxable) is crucial for effective
financial planning.
Having flexibility in asset allocation allows for better tax
management and financial security.
It is important to consider future financial goals and seek
personalized analysis and guidance.
Chapters
00:00 Introduction: Planning with Cashflow in Mind
03:37 The Importance of Thinking with the End in Mind
08:53 Understanding Tax Categories for Effective Financial
Planning
12:53 The Role of Asset Allocation in Tax Management
15:05 Considering Future Financial Goals
16:01 Conclusion: Seeking Personalized Analysis and Guidance