This episode of the Ditch the Suits Podcast dives deep into the emotional and financial complexities that arise after losing a loved one..

Co-hosts Travis Maus and Steve Campbell emphasize the importance of taking time to grieve and not rushing into decisions, advocating for a thoughtful gap analysis to assess financial needs and future goals. They explore the potential emotional burdens tied to property ownership and the responsibility that comes with selling, particularly the concern for future buyers.

The conversation highlights the necessity of understanding the intention behind financial decisions made by the deceased, ensuring that those left behind honor their Legacy rather than feeling obligated to make irrational choices.

With practical insights and heartfelt advice, this episode provides guidance to anyone navigating the difficult terrain of Grief and financial planning.

Takeaways:

• Navigating the loss of a loved one involves financial and emotional complexities that require careful consideration.
• It’s crucial to allow yourself time to grieve without making hasty financial decisions.
• Owner financing can provide flexibility when selling property, but it carries its own risks.
• Understanding the true value of your assets helps avoid emotional decision-making during grief.
• Always assess your financial position before selling a property to avoid future hardships.
• Building a financial projection helps clarify your goals and the reality of your situation.

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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!