Burn Rate and a Philly Cheesesteak

05/24/22 • 27 min

Elementality for Financial Advisors | Elements Financial Vitals System™

As people make more, building wealth through an increase in savings is directly tied to whether they can decrease their spending rate.

On this episode of Elementality, Reese and Matt examine the Burn Rate (Br) Element. By using different incomes as examples, they illustrate what they would consider to be high, low, and healthy spending rates for each.

As people make more, building wealth through an increase in savings is directly tied to whether they can decrease their spending rate.

Previous Episode

Mastering the Human Side of Money With Brendan Frazier

When planning, you’ve got the functional side of advice down. But people also have emotional needs tied to their money. Using these principles of behavioral psychology can help you with “the human side of money.”

On this episode of Elementality, Reese welcomes podcast host Brendan Frazier, to discuss the therapeutic side of the advisory relationship.

Next Episode

Putting Home Equity to Work During Retirement With Blain Pearson PhD

Many retirees will be in retirement for 20 to 30 years, yet most financial plans take a person to the point of retirement and no further.

On this episode of Elementality, Reese interviews Blain Pearson PhD, CFP®, from the Department of Financial Planning at Kansas State to discuss the financial challenges people face throughout retirement.