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 freedom and how it is not just about money but also about living a fulfilling life. They challenge the idea of setting arbitrary financial goals and emphasize the importance of understanding one's own unique needs and circumstances.
The conversation highlights the societal pressure to compare oneself to others and the need to have a better conversation around what truly matters.
The four main takeaways from the episode are: stop comparing yourself to others on the internet, understand your resources and how they can work for you, focus on cash flow and liabilities, and prioritize financial planning over investment decisions.
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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
00:00 - Introduction: Do You Really Need a Million Dollars to Retire?
09:21 - Chapter 1: Stop Comparing Yourself to Others on the Internet
13:56 - Chapter 2: Understanding Your Resources and How They Can Work for You
19:19 - Chapter 3: Focus on Cash Flow and Liabilities
27:35 - Chapter 4: Prioritize Financial Planning Over Investment Decisions
