"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.

______________________________________________________________

Looking for additional content that can help you get the most from your life? Check out Unleashing Leadership with Travis Maus, premium bonus content from Ditch the Suits Fans, at https://unleashingleadership.buzzsprout.com/

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.comDitch the Suits is produced by NQR Media. NQR also produces the One Big Thing Podcast with Steve Campbell.

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/ or email us at info@ditchthesuits.com

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

⭐⭐⭐⭐⭐ We'd also love for you to subscribe to this podcast and leave a 5-star rating and review