In this episode of the Ditch the Suits podcast, Steve Campbell and Travis Maus discuss why net worth is the wrong number to track for financial freedom.

They emphasize that financial freedom is not just about Money, but also about living a fulfilling life free from stress and Anxiety. They explore why people stress about the volatility of their net worth and the value of their future estate.

Travis explains that people’s fixation on net worth is rooted in social pressure and the misconception that it determines their worth and flexibility.

They also discuss the difference between price and value and the importance of understanding the true value of assets.

Travis provides insights on how to reframe the conversation around net worth and focus on what really matters, such as educating children about Finance, Investing for the long term, and preparing heirs to manage wealth responsibly.

__________________________________________________________

Join our Skool Community at https://www.skool.com/ditch-the-suits-9234. You can interact with us, ask questions and get additional resources.

Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com

You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia

📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com

👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia

______________________________________________________________

About Your Co-Hosts:

Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.

Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.

Chapter Markers

Chapter Markers

00:00 – Introduction: Why Net Worth is the Wrong Number to Track

01:02 – Financial Freedom Beyond Money

03:10 – The Impact of Social Pressure on Net Worth

05:27 – Understanding the Difference Between Price and Value

09:18 – Reframing the Conversation: What Really Matters

Most Recent Episodes

September 16, 2024

Do YOU Need $1,000,000 to Retire?

In this episode of the Ditch the Suits podcast, Steve Campbell and Travis Maus discuss the question of whether you really need a million dollars to retire. They explore the concept of financial...

Listen · 32:32

September 9, 2024

How the Media Uses Politics, Social Issues, and Market Volatility Against Us.

In this episode, Steve and Travis discuss the impact of the media on our perception of current events and how it can influence our financial decisions. They highlight the framing techniques used by...

Listen · 33:07

September 2, 2024

A Broader Perspective on the Long-term Impact of Inflation.

In this episode, Steve and Travis discuss the impact of inflation and the importance of understanding compound interest. They emphasize that inflation is a real concern and can erode the value of...

Listen · 28:52

Load More Episodes

Steve Campbell Podcaster | Business Owner | Husband | Father to Four

Based on lessons learned during the 2008 Financial Crisis and extensive professional experience, Ditch the Suit’s was a response to the panic induced by the COVID-19 Financial Crisis, where a collision of social fear and financial volatility, fueled by the politicization of nearly every issue, seemed to tip the world upside down. With the goal to help people avoid making financially destructive decisions, co-hosts Travis Maus and Steve Campbell produced daily recordings on a wide range of topics, such as staying positive, understanding the financial impact of new legislation, how to take advantage of the stock market when it crashes, blocking out fear-mongering, etc. which eventually gave way to the creation of the Ditch the Suits Podcast.

Ditch the Suits has become more than a podcast – it’s become a movement. Travis and Steve share their experiences and industry insights in order to help you make one good financial decision after another.

Their listeners know they will hear things from us that no one else is willing to tell them!