In this episode, Ryan Burklo and Alex Collins discuss the importance of tracking cash flow and steps to attain financial goals. They emphasize the need to understand abstract goals and how expenses play a role in achieving them. The hosts also highlight the use of technology in tracking expenses and recommend the Living Balance Sheet app. They discuss the importance of intentional decision-making when it comes to saving and investing money. Finally, they touch on the significance of protecting income, maintaining liquidity, and living debt-free.

If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net

If you would like to learn more about the Living Balance Sheet, please visit their website https://www.thelivingbalancesheet.com/

Takeaways

Understanding abstract goals and how expenses contribute to achieving them is crucial for financial success.
Technology, such as the Living Balance Sheet app, can help track expenses and provide insights into spending habits.
Intentional decision-making is key when it comes to saving and investing money.
Protecting income, maintaining liquidity, and living debt-free are important steps in attaining financial goals.

Chapters

00:00 Introduction
00:33 Abstract Goals and Expenses
04:17 Tracking Expenses with Technology
09:54 Deciding Where to Put Extra Money
13:52 Steps to Attain Financial Goals