Category: Business
The Joys of Organization (Ep. 43)

The Joys of Organization (Ep. 43)

By |

Have you ever thought about how the increase in the occupation of storage units can relate to the need for financial organization?

The truth is that the clutter in our storage units often mirrors the chaos in our financial affairs.

In this episode, Corey Heimensen touches on the relevance of organization in one’s financial life. He draws a parallel between the clutter in storage units and the financial mess many people have, emphasizing the importance of seeking help from trusted advisors to get organized.

Corey discusses:

  • The popularity of storage units and their surprising statistics
  • The seven popular reasons people rent storage units
  • The correlation between the size of the storage unit rented and the length of stay
  • The importance of organizing finances and drawing parallels with the Marie Kondo method of keeping things that bring joy
  • The stress caused by financial disorganization and the need for intentional financial planning
  • How a financial advisor can assist in organizing financial goals
  • The need for a genuine connection and trust with a financial advisor
  • And more!

 

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Succession – Streaming and in Real Life (Ep. 42)

Succession – Streaming and in Real Life (Ep. 42)

By |

The long-term success of a business depends on how smoothly it transitions from one generation to the next.

Therefore, having a well-designed succession strategy is crucial.

What other factors should we consider?

In this episode, Corey Heimensen tackles the topic of succession for families and business owners. Corey relates the series “Succession” aired on HBO to real life, and talks about the importance of having a solid plan and effective communication, along with the need to involve your family in the process.

Corey discusses:

  • The TV series “Succession” and how it relates to real succession stories 
  • The challenges faced by family-owned businesses in transitioning from one generation to the next
  • The need for effective communication in the succession planning process
  • The process at Heimensen Wealth when it comes to succession planning
  • Why it is important to prepare someone before taking over a business
  • The significance of having difficult conversations during the succession process
  • And more!

 

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Lyrical Finance (Ep. 41)

Lyrical Finance (Ep. 41)

By |

The worlds of music and finance often intersect in life. 

This intersection can offer a valuable perspective to explore our connection with money, happiness, and the pursuit of our aspirations.

In this episode, Corey Heimensen and Aric Johnson play a game where they relate song lyrics to finances and life as a fun tribute to Aric’s enjoyment of music for his last episode on the podcast.

Additionally, Aric shares about his next venture with Boys Town in Omaha to work with at-risk youth. Corey says goodbye to Aric and welcomes his new producer, Bill Tucker.

Corey and Aric share:

  • The idea that money can not buy love, but can provide security and joy
  • The concept of inheritance and the importance of not spending it, but creating a legacy
  • The lyrics of the song “Working for the Weekend” by Loverboy and the concept of living paycheck to paycheck
  • The lyrics of the song “Billionaire” by Bruno Mars and Travie McCoy, focusing on the concept of having material wealth and the importance of having a realistic plan
  • The complications and challenges that come with accumulating wealth 
  • The importance of setting goals and saving a portion of your pay to reach those goals
  • And more!

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
A Collection of Change (Ep. 40)

A Collection of Change (Ep. 40)

By |

Life is an ever-changing journey, filled with twists, turns, and unforeseen encounters.

The power of change shapes our lives, steering us in new directions and offering opportunities for personal and professional growth.

In this episode of The WIN Podcast, Corey Heimensen explores why change can be scary and how change could look in different situations. He reminisces about the journey of his podcast so far with the podcast’s producer and co-host, Aric, as they chat about the latter’s career change.

Join in as Corey shares the importance of embracing change in business and the significance of financial planning for the future.

Corey discusses:

  • The abundance of books about change that can be found online
  • The drive and mindset needed to build and maintain a successful business, as well as the importance of embracing change
  • The need to adapt to changes in the financial planning industry
  • The impact of health on retirement and the challenges of dealing with deteriorating health
  • Aric’s departure from the podcast to work with Boys Town to help at-risk youth
  • And more!

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
The Top Client Questions and Conversations From the Last 90 Days (Ep. 39)

The Top Client Questions and Conversations From the Last 90 Days (Ep. 39)

By |

Navigating the world of wealth management and financial planning can often feel overwhelming, as there are numerous tax strategies, investment options, and estate planning considerations. 

What are the latest worries of our clients? 

In this episode, Corey Heimensen touches on some of the recent client conversations and the most common questions he is asked. Corey also talks about tax-free retirement accounts, trust benefits and more.

Corey discusses:

  • The misconception of special tax-free retirement accounts only available to the rich
  • What a trust is and its purpose as a planning tool
  • Investing in an era of high rates CDs
  • His opinion about listening to financial advice from famous personalities such as Dave Ramsey 
  • The different factors to consider when deciding if buying land is a good investment
  • The importance of open communication between financial advisors and CPAs

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Book Club – Part 2 (Ep. 38)

Book Club – Part 2 (Ep. 38)

By |

Success is often attributed to a combination of passion, perseverance, and a relentless pursuit of goals.

Something that Angela Duckworth perfectly explains in her book “Grit.”

Ready to get inspired with the second part of the book reviewing segment?

In this episode, Corey Heimensen introduces us to Angela Duckworth’s book “Grit: The Power of Passion and Perseverance,” which explores the concept of passion and perseverance leading to long-term success. He emphasizes the importance of setting smaller goals along the way to achieve a big ultimate goal. Additionally, Corey touches on the significance of having a life philosophy and making a positive impact on the world.

Corey discusses:

  • An analysis of the word “grit”
  • His own experience with grit and how it varies depending on the task or goal
  • The importance of having an ultimate goal and a life philosophy that serves a common purpose and benefits others
  • Personal life philosophies emphasizing the desire to leave the world a better place and provide a better lifestyle for future generations
  • The importance of long-term financial planning and enjoying the rewards of hard work
  • How passion can be found in all walks of life, not just tied to money
  • And more!

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Book Club – Part 1 (Ep. 37)

Book Club – Part 1 (Ep. 37)

By |

Having a solid financial plan is essential for achieving financial freedom. And we understand that many require assistance to develop a successful one. 

Thankfully, there are numerous books available to help us comprehend the importance of financial planning and guide us on how to get started. 

Today, we dive deep into one such book.

In this episode, Corey Heimensen shares 11 takeaways from the book “The One Page Financial Plan” by Carl Richards and leads an exercise on creating a one-page financial plan. 

Corey discusses:

  • 11 key takeaways from “The One Page Financial Plan” book
  • Why people need to think about and identify “Why is money important to you?”
  • Reasons why you shouldn’t obsess over goals
  • The importance of being aware of how you spend and what you’re spending on every month
  • Why you should invest like a scientist
  • Creating a one-page financial plan in three steps
  • The importance of estimating cash flow needed in retirement and types of debts to include in a one-page financial plan
  • How having a financial advisor can be a game changer for your financial future 
  • And more!

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Vision, Strategy, and Structure with Bill Harmsen (Ep. 36)

Vision, Strategy, and Structure with Bill Harmsen (Ep. 36)

By |

Do you know what finances and sports coaching have in common?

Both require careful planning, strategic thinking, and a long-term vision.  

In this episode, Corey Heimensen chats with Bill Harmsen, coach at Dordt University, about achieving long-term success in coaching. Bill emphasizes the importance of having a strong vision, strategy, and structure, and that personal and academic growth for athletes is just as important as winning. Corey and Bill also talk about the importance of competitiveness in life and the need to enjoy the journey.

Bill discusses:

  • His background in coaching
  • Why vision, strategy, and structure are important in achieving long-term success
  • The role of long-term planning in coaching and how he learned this lesson in his first year of coaching
  • The impact of the Name, Image, and Likeness (NIL) policy and the transfer portal on college sports
  • The importance of finding an outlet for competitiveness after retirement 
  • His approach to leadership and how he encourages his team to develop leadership skills
  • The challenges of managing people with different personalities and emotions
  • And more!

Resources:

Connect with Bill Harmsen:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
The Clampett Connection (Ep. 35)

The Clampett Connection (Ep. 35)

By |

Sudden wealth can have a profound impact on our financial decisions and overall well-being, regardless of whether it comes as an inheritance or other unexpected windfall. 

What should we do to properly manage unexpected wealth?

In this episode, Corey Heimensen delves on sudden wealth, specifically inheritance, using the Beverly Hillbillies show as an example and how it can influence financial decisions. He touches on the concept of lifestyle inflation and the importance of seeking professional advice when dealing with sudden wealth.

Corey discusses:

  • The recurring issue of the debt ceiling and how it can cause panic among individuals
  • Inheritance as an example of sudden wealth and how it can affect individuals and their financial decisions
  • Statistics on the average amount of inheritance received and how people spend it
  • How some people are afraid to spend or invest their inheritance and how to approach the situation
  • The concept of lifestyle inflation and how it can affect people’s spending habits
  • How people may spend lavishly on things without considering the consequences
  • The importance of having a professional team of advisors 
  • The importance of setting restrictions/safety nets on investments or inheritance to keep people on the right path, and how professionals can help with this
  • Why having financial literacy in banking, credit cards, and bill payments is essential for long-term success
  • And more!

Resources:

Connect with Corey Heimensen:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Raising The Bar with Zach Springer (Ep. 34)

Raising The Bar with Zach Springer (Ep. 34)

By |

In today’s world, the pursuit of higher education and professional aspirations takes individuals down various paths. 

That is why, this time, we’re asking a recent graduate to tell us about his experiences.

In this episode, Corey Heimensen is joined by Zach Springer, a recent graduate from the University of Iowa, to share his journey to law school and the process of preparing for law school admissions. They also touch on the comparison between the successful mind of an attorney versus a medical professional, the role of emotion in decision-making, and the importance of planning and perseverance in achieving long-term goals.

Corey and Zach discuss:

  • Zach’s path to law school, including his studies in political science and economics
  • The LSAT and how it tests logic rather than knowledge of the law
  • Zach’s interest in economics 
  • The efficiency of markets and how it can be difficult for people to take the emotion out of their decisions
  • The importance of trusting the process in financial planning and not changing objectives mid-flight 
  • Zach’s process of preparing for law school admissions and reveals his top three choices
  • The experience of meeting George Kittle, a famous Hawkeye football player who now plays for the 49ers
  • Their top three college bars and their most memorable experiences
  • And more!

Resources:

Connect with Zach Springer:

Connect with Corey Heimensen:

About Guest:

Zach Springer is an incoming J.D. candidate at Harvard Law School.  He will begin his legal education in the fall of 2023. Zach graduated summa cum laude from the University of Iowa in May of 2023 with degrees in Economics and Political Science, as well as a minor in Philosophy. Along with participating in the Honors and Presidential Scholars programs, he served as the President of the Phi Alpha Delta Pre-Law Fraternity. Zach was also an Undergraduate Student Government Senator for 2 years and mentored students in the political science and economics departments.

Zach’s mission-based goals, combined with his genuine enjoyment of learning about the law and collaborating with those around him, have confirmed his desire to enter the field of law. He hopes that the experiences he brings will allow him to have a positive impact on those around him and effectively contribute to the practice of law. Working with and learning from other students and faculty in his academic career and expanding his knowledge through internships and part-time opportunities have convinced him of his desire to work with entrepreneurs and other community businesses through legal work.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More