Episode 229 - 5 Ways To Build Wealth And Maximize Life

In this episode, Ryan Burklo discusses five ways to build wealth and maximize life. He emphasizes the importance of spending money on items that truly matter, focusing on what can be controlled, protecting income and family's wealth, creating lasting connections with family, and limiting phone use when with family. These strategies serve as reminders to prioritize what is truly important and make intentional choices.

Spend money on items that you truly care about and use the 80-20 rule to allocate your finances.
Focus on what you can control, such as your savings rate and personal values, rather than worrying about unpredictable market returns.

Protect your income and family's wealth from potential threats through insurance, legal documents, and estate planning.
Create lasting connections with your children, spouse, and parents by prioritizing quality time and meaningful experiences.
Limit phone use when spending time with family to foster better communication and engagement.

Chapters

00:00 Introduction and Personal Connection
01:23 Chapter 1: Spend Money on What You Care About
03:19 Chapter 2: Focus on What You Can Control
04:42 Chapter 3: Protect Your Income and Family's Wealth
06:47 Chapter 4: Create Lasting Connections with Family
09:32 Chapter 5: Limit Phone Use When with Family

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