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In this episode, Ryan Burklo and Alex Collins discuss the metrics for analyzing financial health. They introduce the concept of top line being vanity, bottom line being sanity, and cash flow being reality. They emphasize the importance of measuring...
In this episode, Ryan Burklo and Alex Collins discuss the metrics for analyzing financial health. They introduce the concept of top line being vanity, bottom line being sanity, and cash flow being reality. They emphasize the importance of measuring free cash flow, liquidity, and income protection to determine financial security. The hosts also challenge the traditional focus on rate of return as a metric and highlight the significance of control in financial decision-making. The episode concludes with a question for listeners to reflect on their own financial health metrics.
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Chapters
00:00 Introduction and Welcome
00:36 Metrics for Financial Health
04:02 Applying the Concept to Personal Finance
09:42 Metric 1: Free Cash Flow
14:42 Metric 2: Liquidity
24:49 Rate of Return as a Metric
27:01 The Importance of Control
27:57 Question of the Day
28:39 Closing Remarks
