On this episode of the Healthy, Wealthy and Smart Podcast, I welcome Ryan Burklo on the show to discuss financial planning for small business owners.  Ryan Burklo, RICP® is a financial planner, host of the podcast Holistic Finance, and co-owner of Quantified Financial Partners. Through his work as a financial planner, he works with medical practice owners to protect their practice, keep them financially efficient and assist with their eventual exit. In this episode, we discuss: -How to manage debt financing and make it work for you -What is tax efficient cash flow planning? -Retirement options for small business owners -The conversations you need to bring up with your financial advisor -And so much more! Resources: Quantified Financial Website Holistic Finance Podcast Ryan Burklo Twitter A big thank you to Net Health for sponsoring this episode!  Check out Optima’s Top Trends For Outpatient Therapy In 2020!   For more information on Ryan: Ryan Burklo, RICP® is a financial planner, host of the podcast Holistic Finance, and co-owner of Quantified Financial Partners. He lives in Seattle, Washington with his wife and two kids.  After learning his son had a stroke while in utero he became an avid volunteer for Pediatric Stroke Warriors.  He learned much about the medical professionals who cared for his son and truly enjoyed working with them both on a personal and a professional level. Through his work as a financial planner, he works with medical practice owners to protect their practice, keep them financially efficient and assist with their eventual exit. His firm and his personal mission is to simplify finances so that you can focus on what you enjoy most. Read the full transcript below: Karen Litzy:                   00:01                Hey Ryan, welcome to the podcast. I'm happy to have you on. Ryan Burklo:                 00:06                Thanks for having me. Appreciate the invite. Karen Litzy:                   00:08                Yeah. And you know we're getting onto the end of the year and people are starting to think, look back on the year, look forward to next year talking about their businesses and maybe how they can move forward, expand, stay the same. Lots of stuff. But today we're going to talk about kind of the business side of things. And I absolutely love having people like you on the program because I didn't go to school to be a financial planner. I don't, I don't know what I, you know, this is not my specialty. So I love having folks like you on because I feel like I learned so much from you guys, plants and seeds in me that make me think, Hmm, maybe I need to make some changes in my practice. So thank you for coming on. Cause I'm definitely excited. Ryan Burklo:                 01:06                Yeah, I again appreciate being on. I actually started laughing when you said you didn't go to school to be a financial planner cause I was about to say neither did I. I think very few of us actually go to school to officially become a financial planner. I think it just kind of molds it's weighing falls into our lap. You know, life's events occur in the next, you know, you're, you know, you're in the industry and so it's very interesting. Had you told me that I would be a financial planner when I got out of college, I would have said you're drunk. I love what I do. Karen Litzy:                   01:41                Yeah. And here you are helping and I should mention that you do work with a lot of medical practices. Ryan Burklo:                 01:50                Yeah, that's really a majority of our focus is helping medical practices on the business side and merging that with the person side. Cause eventually we all exit our practice in some way, shape or form. And it turns into the personal side. So, you know, the two are married, yet business owners tend to only focus, they focus more on the business side because you know that that's the fun side. That's what they do every day. Karen Litzy: