Want to get in touch? Send us a text!

"These greedy corporations are destroying us!" Have you heard this lately? In this political season, there is a lot of talk and rhetoric surrounding corporate profits and their effect on you, your money, and your future. As a friendly reminder, the news is designed to provoke a reaction, not educate. It's important to contextualize the information presented in the news without being easily provoked.

Prepare to have your views challenged as we dissect the contentious issue of corporate profits and their true role in our financial lives. This episode isn't about assigning blame; it's an invitation to understand the economy's cogs and how they benefit us all, from our personal investments to the cities and towns we live in.

This conversation explores the concept of profit and its significance in entrepreneurship and business. We discuss the success rate of starting a business and the risks involved. The role of ideas in entrepreneurship and the importance of profit as a reward for taking risks are also examined. We also delve into the uses of profit, both personally and for businesses, and we highlight the necessity of profit for growth and stability. 

We take the time to address whether profits are good or bad and explore the contradictions and misconceptions surrounding the topic. Finally, we emphasize the importance of profit for you personally in regard to your retirement and investments.

________________________________________________________________

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.

Want to get in touch? Send us a text!

In this episode, we discuss whether or not you should own bonds. We emphasize the importance of defining the purpose of owning bonds, which is to have predictable income and the safety of the principal. We also explain the components of bonds, including coupon, maturity, and price. 

We take time to discuss the impact of money supply, inflation, the changing financial landscape, and interest rates on bond investments. 

As the market ebbs and flows, the potential for losses can surge like a tide against the unprepared investor. We dive into the lessons learned from the 2022 market downturn, showcasing the pitfalls of selling bonds in a pinch and drawing an effective parallel with real estate market dynamics under rising interest rates.

Stick with us as we peel back the layers of mutual fund misconceptions and shine a light on the importance of distinguishing short-term noise from long-term investment strategies. Our discussion is a must-listen for those looking to fortify their investments against the unpredictable waves of the economy.

Lastly, we delve into the fine print that can make or break your bond investments. Just as a meticulous home inspection can save you from future headaches, understanding the intricacies of bond contracts is crucial to avoiding unnecessary losses. With a nod to #WarrenBuffetts emphasis on investment competency, we underscore the power of knowledge and careful selection. 

________________________________________________________________

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.

Want to get in touch? Send us a text!

Still reeling from the rollercoaster ride that was 2022 in the bond market? You're not alone. In this episode,  we dissect the intricate world of bond mutual funds, breaking down why the rules of the stock market don’t always apply. Expect to emerge from our conversation with a new perspective on how overpaying for bonds can feel like a tightrope walk over a pitfall of limited returns. We don't just skim the surface; we scrutinize the common traps investors fall into when they treat bond funds like their stock counterparts, and we arm you with the savvy to make choices that serve your portfolio, not strangle it.

We dive into the murky waters of mutual fund fees, unveiling what they entail and the significance of aligning them with a fund manager's performance. This isn’t just about numbers; it's about getting under the hood of bond mutual funds, understanding their contracts, and grasping how market flows can either buoy or batter your investments.

We round off with a candid look at the limitations that mutual funds can impose on an investor's autonomy. Here's a sobering thought: market flows, and the behavior of other investors can hijack your mutual fund's performance, often leading to unintended consequences for your hard-earned money. We lay out the strategic crossroads faced by investors in today’s volatile bond market, urging a thorough reassessment of whether bonds merit a place in your portfolio. Tune in and equip yourself with the insights needed to tread confidently in the bond market's shifting sands.

________________________________________________________________

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.

Want to get in touch? Send us a text!

If you invested in bond mutual funds over the last few years, you might have been surprised to see your positions get annihilated. Why did this happen, and what can you do about it moving forward? 

In this new series, we are peeling back the layers on what bonds really are, how they function, and the pivotal role of interest rates and market pressures that can either make or break your bond portfolio.

Step into the world of bonds with our analogies that simplify this complex market, making it as relatable as selling your own home. We'll break down the dual avenues of bond profit—interest payments and capital appreciation—and bust the myths surrounding their supposed safety and predictable yields. The turbulence of the past year's market serves as a foundation for our candid discussion, emphasizing the necessity of a discerning eye when it comes to the fine print of your bond agreements.

Lastly, we navigate the sometimes choppy waters of bond trading, where we dissect how market unrest can lead to opportunities for the astute investor and pitfalls for the unwary. We arm you with the insights to strategically approach your bond investments, ensuring you're prepared for the uncertain tides ahead. 

________________________________________________________________

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.

Want to get in touch? Send us a text!

Celebrate a milestone with us on the Ditch the Suits podcast as we pop the champagne for our 100th episode and three-year anniversary! Thank you for being a part of this journey with us!  In this celebratory episode, learn how to shield your legacy from chaos, optimize your assets for those you love, and avoid potential tax pitfalls.

Have you ever wondered what happens to your assets after you die? We're shining a spotlight on the financial institutions and the potential freeze they can put on accounts when you're no longer here. It's a deep dive into the world of additional documents, the art of clear communication with banks and insurance companies, and the strategies that keep your financial intentions on track, even when faced with institutions that are more rigid than a starched suit. Discover the art of allocating beneficiaries and the myths about will amendments that may have you second-guessing your current estate plan.

In the last part of this episode, we'll try to convince you of how important it is to have clear communication and teaming between your financial planner and attorney.  We share tales from the trenches on how a harmonious relationship between these experts can prevent your last wishes from getting lost in translation. No matter how complex your beneficiary designations may seem, with the right team by your side, your legacy will be as well-crafted and unique as the life you've lived.

Win some Ditch the Suits swag on us! This is episode 100!! To celebrate this achievement, we want to give away some goodies. There will be a drawing with three ways to enter:

1. Like our NQR Media page on Facebook and share a recent DTS episode with your network. Visit https://www.facebook.com/nqrmedia

2. Like our NQR Media page on Instagram and comment on a recent DTS episode. Visit https://www.instagram.com/nqrmedia/

3. If you are an Apple listeners, leave us a 5-star rating and review. You can visit https://podcasts.apple.com/us/podcast/ditch-the-suits-start-getting-more-from-your-money-life/id1551210529

Once completed, send us an email at [email protected] and let us know your name and what've you done so we can track the entries and enter you in to win!

Three chances to enter!

________________________________________________________________

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.

Want to get in touch? Send us a text!

In this episode, we unravel the complex tapestry of estate planning. We're dishing out crucial insights on why settling for a basic will could leave your legacy in a lurch. Our conversation takes you through the perils and pitfalls of oversimplified wills, underscoring the need for a well-drafted document that goes beyond the bare minimum to safeguard your assets against life's unforeseen twists and turns.

Join us as we delve into the fine art of constructing a will that communicates with crystal clarity, avoiding common blunders like the overuse of trusts or choosing an incompatible executor. The essence of this episode lies in the stitching together of your family dynamics with the fabric of your fiscal assets. We dissect scenarios that demonstrate how a nuanced will can effectively steer your inexperienced heirs toward financial stability and success while simultaneously preventing familial feuds.

It's all about crafting a legacy that alleviates the burden on your loved ones, rather than entangling them in a web of taxes and complications. Stay tuned for the next climactic installment – our 100th-episode celebration – and equip yourself with the knowledge to navigate the intricacies of leaving a legacy that truly reflects your life's journey.

Win some Ditch the Suits swag on us! This is episode 99, ONE AWAY FROM 100!! To celebrate this achievement, we want to give away some goodies. There will be a drawing with three ways to enter:

1. Like our NQR Media page on Facebook and share a recent DTS episode with your network. Visit https://www.facebook.com/nqrmedia
2. Like our NQR Media page on Instagram and comment on a recent DTS episode. Visit https://www.instagram.com/nqrmedia/
3. If you are an Apple listeners, leave us a 5-star rating and review. You can visit https://podcasts.apple.com/us/podcast/ditch-the-suits-start-getting-more-from-your-money-life/id1551210529

Once completed, send us an email at [email protected] and let us know you

________________________________________________________________

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.

Want to get in touch? Send us a text!

Are your beneficiary designations in line with your legacy goals? Find out why a simple name on a form isn't enough as we navigate the complexities of estate planning and the importance of a well-thought-out will. Our latest Ditch the Suits podcast episode is your wake-up call at the start of the year to examine the fine print of your financial future, ensuring that your assets transfer seamlessly and your wishes are respected.

We broach the sensitive topic of life's impermanence and how it affects your estate planning.  We share insights on crafting a will that acts as a clear guide, simplifying the process for your loved ones during a time of loss. It's not just about listing down assets; it's about understanding the nuances of the inheritance, particularly when it comes to things like special needs beneficiaries. Our discussion spotlights the perils of overlooking the impactful role of beneficiary designations, and ways to shield your family from unnecessary stress and taxation.

This episode isn't just a checklist; it's a strategic roadmap to aligning your financial and estate plans. We emphasize the need for regular updates to estate documents, especially considering recent societal changes. We also share real-life examples that illustrate the consequences of mismatched beneficiary designations and wills.

Win some Ditch the Suits swag on us! This is episode 98, two away from 100. To celebrate this achievement, we want to give away some goodies. There will be a drawing with three ways to enter:

1. Like our NQR Media page on Facebook and share a recent DTS episode with your network. Visit https://www.facebook.com/nqrmedia
2. Like our NQR Media page on Instagram and comment on a recent DTS episode. Visit https://www.instagram.com/nqrmedia/
3. If you are an Apple listeners, leave us a 5-star rating and review. You can visit https://podcasts.apple.com/us/podcast/ditch-the-suits-start-getting-more-from-your-money-life/id1551210529

Once completed, send us an email at

________________________________________________________________

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.

Want to get in touch? Send us a text!

Ever wondered how a simple mobile device morphed into such an indispensable part of our lives? In this episode, we reminisce about the astonishing shifts in lifestyles and opportunities over recent years. We share tales from our own lives that showcase the remarkable journey from luxury to necessity, and we analyze the generational advancements that can sometimes leave us in awe. We also tackle the fears that economic fluctuations bring, especially in an eventful election year, and offer our listeners the wisdom needed to maintain composure amid potential financial turbulence.

Sensational news can be like a siren's call, luring us towards unnecessary panic or irrational financial decisions. In our conversation, we draw a line between news that truly matters and the noise that doesn't, helping you to remain focused on what's crucial for your well-being. We contemplate the resilience of markets amidst unforeseen events, such as the COVID-19 pandemic, and question the endless pursuit of material wealth. Our aim is not just to educate but to foster a mindful approach to personal finance, steering clear of impulsive reactions sparked by fear or the fear of missing out.

Rounding off our chat, we reflect on the instant gratification era, fueled by technological wonders like virtual reality and the soaring costs of college education. We urge you to explore alternatives and embrace a 'what if?' mindset to combat stress in the face of a rapidly changing educational and career landscape. By shifting from a defeatist outlook to one of opportunity and growth, we hope to inspire you to see the silver lining, even when economic headlines seem daunting. Remember, this journey is not just ours—it's shaped by your insights. So, we invite you to tune in, join the dialogue, and contribute to the conversations that matter most to you.

🌍 Check out the Worldometer - real-world statics! Updated instantly.

________________________________________________________________

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.

Want to get in touch? Send us a text!

Happy New Year! Have you ever wondered what truly fuels company growth and personal leadership? In this special holiday episode, we bring to light how our internal monthly new hire meetings are more than just introductions to our team and values; they're incubators for personal development and leadership. We discuss the significance of aiming to give more than we receive, especially during the holiday season. Our conversation will leave you considering how your aspirations for others can shape the culture within your own circles, families, and communities - making a lasting impact on the people around you.

Amidst the festive cheer, we take a moment to underscore the importance of appreciation in business just as much as in family life. It's the little things—remembering a client's birthday, acknowledging their value—that can loop back and create an environment of mutual care. We share stories of success that highlight this ripple effect, offering insights into creating a space that allows for free expression and aligns with the virtues that we stand for. Through these anecdotes, you'll grasp the tangible influence of our everyday actions and how they contribute to the larger narrative of our clients' and colleagues' lives.

Lastly, we explore the relentless pursuit of excellence and the journey of continuous personal and professional betterment. Our conversation turns to the 'peaks and pits' concept, shedding light on the power of reflection in our daily experiences and the essential role we play in the lives of others. As we close the episode, we extend an invitation to join us in savoring each moment and making the most of every single day. Let's carry the spirit of the holidays into this New Year and wish each other a heartfelt season filled with happiness and togetherness.

________________________________________________________________

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.

Want to get in touch? Send us a text!

Thank you for making 2023 a smashing success! As the year comes to a close, we are taking a moment to share our reflections and key takeaways from past episodes and series. 

For those of you who are new to Ditch the Suits, we want to catch you up on all you've missed this year. But don't just listen to this episode; go back and binge some of the episodes we discuss that resonate with you. 

In 2023,  we covered a range of topics, including caregiving, early retirement, exposing economists, ESG investing, artificial intelligence and the impact of financial planning, tax planning strategies, rethinking retirement, financial literacy, understanding the impact of windfalls and inheritances, the FIRE movement, retirement reality, and passive investing.

Takeaways

• Ditch the Suits aims to have conversations that others aren't having, providing unique perspectives on financial topics.
• Financial planning and investment planning should be driven by an individual's financial goals and values.
• Understanding the nuances of tax planning is crucial for making informed financial decisions.
• Retirement is more than just money; it requires purpose and meaning.
• Passive investing should be approached with caution and a thorough understanding of the industry.

Achievements

• Ditch the Suits was named 'Best Podcast of 2023' by Quill Inc
• We've added a lot of new followers and subscribers
• We've been recognized in several blog posts as a top finance podcast
• We launched NQR media in 2023
• We launched three new podcasts - Unleashing Leadership, the One Big Thing Podcast with Steve Campbell, and Cut Throat College Planning.

Thank you for making this a memorable year. The best is yet to come! Let us know what topics you would like to hear in 2024 by visiting www.ditchthesuits.com 

________________________________________________________________

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.