Ryan Krueger, founder of Freedom Day Solutions, discusses his unique approach to retirement planning called 'Freedom Day' and the importance of trust, ethical practices, and long-term commitment in investing. He shares his journey from working at a baseball card shop to becoming a successful financial professional, emphasizing his passion for helping others achieve financial freedom and peace of mind.
Ryan Krueger's unique journey from a baseball card shop to a successful financial professional highlights the importance of starting early and following a passion for investing.
Emphasizing transparency, accountability, and co-investment, Ryan Krueger's philosophy on investment management aims to build genuine partnerships with clients based on shared understanding and tailored strategies.
The 'Freedom Day' retirement planning concept challenges traditional models by focusing on achieving financial independence through personalized risk management strategies, lifestyle control, and meaningful relationships.
Deep dives
Starting an Unconventional Office Space
Ryan Kruger decided to open his first office in a dive bar across from an elementary school in Houston, Texas. This unique location was a result of his dream to own his own building close to his children's school for increased work-life balance. Despite initial challenges and encountering surprised patrons looking for the previous dive bar, the decision to buy the building turned out to be an excellent investment for his business.
Early Fascination with Investing and Entrepreneurship
Ryan Kruger's interest in business started at a young age, working at a baseball card shop and engaging in arbitrage opportunities with the cards. His curiosity and love for numbers led him to create his own stock investment at 13, eventually winning a national contest in rotisserie baseball. These early experiences and self-taught financial endeavors shaped his passion for investing and entrepreneurship.
Philosophy of Transparent Investment Management
Ryan Kruger's approach to investment management focused on transparency and co-investment with his clients. He believed in showing clients where his own money was invested, maintaining a strict sell discipline, and offering a personalized, hands-on approach to managing portfolios. By emphasizing transparency and shared accountability, he aimed to build a genuine partnership with clients based on a mutual understanding of investments and risk management.
Transitioning from a large firm to a small business
The episode delves into the journey of transitioning from a large financial firm to establishing a small independent business. It narrates the challenges faced in leaving a big firm, including financial incentives and conflicts of interest. The speaker emphasizes the importance of ethical standards and transparency in serving clients, highlighting the significance of maintaining trust and staying true to promises made.
Defining 'Freedom Day' and redefining retirement planning
The concept of 'Freedom Day' is introduced as a personalized approach to retirement planning, focused on achieving financial independence through a combination of risk-free income and rising streams of income. The episode critiques traditional retirement models like the safe withdrawal rate, advocating for a shift towards prioritizing free cash flow and lifestyle control over accumulating a fixed nest egg. It emphasizes the role of self-trust, meaningful relationships, and personal purpose in attaining financial security and peace of mind.
In this episode of the Intentional Investor, Matt Zeigler speaks with Ryan Krueger, founder of Freedom Day Solutions. Ryan shares his journey from working at a baseball card shop as a child to becoming a successful financial professional. He discusses his philosophy on investing, which focuses on transparency, partnership with clients, and a unique approach to retirement planning called "Freedom Day." Ryan emphasizes the importance of trust, ethical practices, and long-term commitment in his business. He also touches on personal values, such as the influence of his family, his desire to make a positive impact, and his goal of continuing to work and grow rather than retire. Throughout the interview, Ryan's passion for helping others achieve financial freedom and peace of mind is evident, as is his dedication to building lasting relationships with his clients and team.
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