Why Your Net Worth Is The Wrong Number To Track
Manage episode 441522732 series 2864884
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.
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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
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
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