Episode 267 - Planning With Cashflow In Mind

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