The #1 Financial Adivce You Should Never Ignore

In this episode of Ditch the Suits, hosts Travis Maus and Steve Campbell discuss the concept of treating personal finances like a business.

Travis serves as CEO and Sr. Wealth Manager at S.E.E.D. Planning Group is a fee-only planning firm with a fiduciary obligation to put clients' best interests first. Steve serves as the Sr. Marketing Director at S.E.E.D.

Together, they emphasize the importance of understanding one's financial situation, taking control of financial decisions, and building a competent team to manage finances effectively.

The conversation highlights the need for transparency and coordination in financial planning, as well as the significance of hiring the right financial advisors who work in the client's best interest.

Takeaways
- The majority of small businesses make less than $1 million in revenue.
- Managing personal finances is akin to running a small business.
- You are the boss of your financial decisions.
- It's crucial to understand the terminology used by financial advisors.
- Hiring and firing financial advisors is a necessary skill.
- Delegation is key in managing your financial team.
- A financial quarterback coordinates all aspects of your financial plan.
- Transparency in financial planning helps in understanding costs and services.
- Coordination among financial tools is essential for effective planning.
- Don't let your professional skills stop when managing your personal finances.