124 episodes

**Named Best Podcast of the Year by Quill 2023 Podcast Awards**New Episodes are released weekly on Tuesdays! Welcome to Ditch the Suits (DTS), produced by NQR Media, where reformed planners get real about the stuff no one in the financial world wants you to know about. It's time you start getting the most from your money and life. And we can help! Listen to learn about a wide range of topics covering financial planning, planning for retirement, investing and tax planning, current economic news, and much more. If you are interested in learning from successful business owners about how to build your retirement and better manage your family’s wealth while protecting it from financial exploitation and so-called "financial advisors," stick around and join co-hosts Steve Campbell and Travis Maus for this unapologetic and thought-provoking no-holds-barred banter. Connect with us! Please email us at ditchthesuits@gmail.com with any thoughts, questions, or feedback. 

Ditch the Suits - Your Money, Your Life NQR Media

    • Business
    • 4.7 • 42 Ratings

**Named Best Podcast of the Year by Quill 2023 Podcast Awards**New Episodes are released weekly on Tuesdays! Welcome to Ditch the Suits (DTS), produced by NQR Media, where reformed planners get real about the stuff no one in the financial world wants you to know about. It's time you start getting the most from your money and life. And we can help! Listen to learn about a wide range of topics covering financial planning, planning for retirement, investing and tax planning, current economic news, and much more. If you are interested in learning from successful business owners about how to build your retirement and better manage your family’s wealth while protecting it from financial exploitation and so-called "financial advisors," stick around and join co-hosts Steve Campbell and Travis Maus for this unapologetic and thought-provoking no-holds-barred banter. Connect with us! Please email us at ditchthesuits@gmail.com with any thoughts, questions, or feedback. 

    How to Make Money by Leveraging Debt

    How to Make Money by Leveraging Debt

    Want to get in touch? Send us a text!In this episode, we discuss how to make money by leveraging debt. We explain the concept of spreads, which is the difference between the interest rate you borrow money at and the rate of return you can make by investing that money. We emphasize the importance of understanding income taxes and how they impact spreads. They also discuss the mindset shift from viewing cash as savings to viewing it as capital that can be invested or used to pay liabilitie...

    • 22 min
    A Way To Make Better Financial Decisions

    A Way To Make Better Financial Decisions

    Want to get in touch? Send us a text!In this episode, we discuss the concept of running your personal finances like a business. We emphasize the importance of understanding your cash flow, liabilities, and assets, and using debt strategically to improve your balance sheet. We also highlight the need to focus on both current and future cash flow and to consider the long-term impact of financial decisions. The key takeaway is to not be afraid of using debt to improve your financial situati...

    • 27 min
    Stop Telling People They Have To Be Debt Free

    Stop Telling People They Have To Be Debt Free

    Want to get in touch? Send us a text!In this episode, we discuss the idea of debt and challenge the notion that all debt is bad. We emphasize the importance of understanding the purpose and value of debt, as well as the interest rate and how it compares to other cash usage opportunities. We also caution against insecurity masking as pride and making decisions based on societal expectations. This episode provides a framework for evaluating debt and making informed financial decisions...

    • 33 min
    The Problems Created By Not Talking To Your Kids About Money

    The Problems Created By Not Talking To Your Kids About Money

    Want to get in touch? Send us a text!How do you navigate the tricky waters of talking money with your family? Today, we promise you'll gain insight into normalizing these vital conversations, making them less daunting and more productive. We explore why financial discussions with children and family members can be so challenging and the harmful effects of avoiding these conversations. Through real-life examples, we'll show you how to turn these difficult discussions into opportunities for fos...

    • 30 min
    Trying to Avoid Risk In Retirement Creates More Risk

    Trying to Avoid Risk In Retirement Creates More Risk

    Want to get in touch? Send us a text!Are you unknowingly increasing your financial risk in retirement by trying to avoid it? Today's episode will transform your understanding of financial safety and risk management in retirement. We'll unravel the paradox of relying solely on fixed-income investments and explore the nuanced risks, such as interest rate and inflation risk, that might be lurking beneath the surface.Throughout this discussion, we'll share real-life stories and examples to showca...

    • 30 min
    Navigating Risk in Retirement Planning

    Navigating Risk in Retirement Planning

    Want to get in touch? Send us a text!What if your retirement strategy is setting you up for financial instability? Discover why leaning too heavily on fixed-income sources like pensions and Social Security may be a costly mistake. In this episode, we discuss the pitfalls of being overly conservative with your retirement investments and the crucial need to balance risk for long-term financial success.Ever wondered what the real risks are in your investments as you approach retirement? We break...

    • 35 min

Customer Reviews

4.7 out of 5
42 Ratings

42 Ratings

kthomps33 ,

Honest and direct advice

The 3-part series on financial advisors was excellent. The discussion on what it means to be a fiduciary, how an advisor gets paid and why it matters, and what to expect when working with an advisor was so informative. Great education!

PodcastPete2003_ ,

Mindless babble and do your research

One of the guest with her experience in higher education was an administrative assistant at Stevenson. Not sure what curriculum is written in “15-20” years of higher ed as an adminstrative assistant but seems dishonest. The rest of the podcast felt like mindless babble with absolutely zero substance.

Mh3301 ,

Rambling and I knowledgeable

I found these guys online and was considering hiring them but listened to the podcast first. Holy cow did I do a 180. I gave it 4 episodes and found these guys to ramble without saying much of anything. I literally listened to 7 minutes of a metaphor about funnel cake at the state fair that went nowhere. But I lost it when I listened to the 4% withdrawal rate episode. Not only do these guys not have a clue how the 4% rule works, they spend the episode talking about how there’s a bunch of “financial planners” out there that just hear “4%” and blindly apply it without understanding it. THESE GUYS DONT UNDERSTAND IT! It’s not “withdraw 4% every year” it’s “withdraw 4% the first year, and then adjust that $ amount for inflation yearly”. It’s a deliberately low percentage based on historical sequence of return risk factored in, and these yahoos pat themselves on the back for poking holes in the theory because “you have to think about sequence of return”. They then go on to rail Bengen because he’s adjusted the 4% upwards in recent years, as his original work was based on just stocks and bonds and now uses a more diversified portfolio with small caps etc, but these guys simply say “he’s not even consistent!” The fact that people trust them with their retirements when they can’t read a simple article about a topic and educate themselves before basing several podcast episodes on it is frankly terrifying. Don’t waste your time on the rambling episodes but more importantly don’t expose yourself to bad information here.

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