Category: Finance
The Currency of Time: How We Spend Our Most Valuable Asset (EP. 61)

The Currency of Time: How We Spend Our Most Valuable Asset (EP. 61)

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In this thought-provoking episode of WIN: What’s Important Now, we explore the profound value of time and how its significance evolves throughout our lives. We’ll delve into the 1965 Senate subcommittee testimony that anticipated a future overflowing with free time, and contrast that vision with the realities of today’s average workweek. Discover how the psychological trade-offs between time and money impact our decision-making, and learn how cultural and generational differences shape our perspectives on time.

We’ll discuss why time becomes increasingly valuable as we age, driven by a heightened awareness of its finite nature, shifting priorities towards meaningful experiences, and the desire for autonomy and peace. Join us as we unravel the complexities of how time is perceived and utilized, offering insights on making the most of this precious resource in a world that constantly demands more of our time. Whether you’re reflecting on your own use of time or seeking to understand different cultural attitudes, this episode provides valuable perspectives on navigating the time-money trade-off and finding fulfillment in your everyday life.

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Olympic Strategies: Investing Like a Champion (EP. 60)

Olympic Strategies: Investing Like a Champion (EP. 60)

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In this episode of WIN: What’s Important Now, we dive into the world of Olympic athletes to uncover the parallels between their training strategies and successful investing. From long-term planning and goal setting to resilience and diversification, Olympic champions provide valuable lessons that can be applied to your financial journey. Join us as we explore the importance of patience, perseverance, and strategic planning in achieving both athletic and financial success. Plus, we’ll share some fascinating fun facts about the 2024 Paris Olympics and how Olympic athletes earn their income. Tune in and get inspired to invest like a champion!

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Crisis Investing: Turning Adversity into Advantage (EP. 59)

Crisis Investing: Turning Adversity into Advantage (EP. 59)

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In this episode, we explore the concept of crisis investing, focusing on how individuals and companies have successfully navigated financial crises and turned them into opportunities for growth and profit. By delving into real-life examples and discussing strategies, this episode aims to provide listeners with actionable insights on how to stay resilient and capitalize on opportunities during economic downturns.
Join us as we uncover inspiring real-life examples from Warren Buffett, Howard Schultz,  and Airbnb, revealing the strategies and mindsets that turned crises into triumphs. Remember, amid every crisis lies great opportunity—this episode will show you how to seize it.

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Purposeful Patience (EP. 58)

Purposeful Patience (EP. 58)

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In this episode, we dive deep into the art of patience and how it plays a crucial role in mastering various skills and achieving long-term success. From the precision required in golf and the calm persistence needed in fishing to the gradual progression in learning a new language and the meticulousness of perfecting a recipe, patience is the common thread that binds these activities. We explore how these principles also apply to investing, where patience can lead to substantial rewards over time.
Join us as we unravel the importance of purposeful patience and how embracing it can lead to greater fulfillment and success in all aspects of life. Whether you’re an aspiring chef, an eager learner, a dedicated golfer, or a budding investor, this episode offers valuable insights into making patience your greatest ally.

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Thriving in Change (EP. 57)

Thriving in Change (EP. 57)

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In this episode, we explore the fascinating journey of adaptation in both business and personal careers. We delve into how successful business models evolve to meet changing market demands, technological advancements, and societal shifts. Drawing parallels, the discussion shifts to the personal evolution from the height of one’s career to the transition into retirement.
Discover strategies for staying ahead in the business world and learn valuable insights on how individuals can gracefully navigate the transition from a bustling career to a fulfilling retirement. Join us for an engaging conversation on thriving through change and ensuring sustained success in both business and life.

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The Time Crunch (EP. 56)

The Time Crunch (EP. 56)

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In an ever-evolving world, resilience can become our greatest strength. Unexpected changes are not just obstacles; they are opportunities to showcase the strength of the human spirit.

This episode heralds a new era for the WIN Podcast: a shift to more concise episodes, filled with actionable insights ready to inspire action across generations. As we embark on this fresh path, we’ll delve into the multifaceted aspects of an investor’s journey, showing the way forward with clarity and purpose.

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Artificial Intelligence Bucket List (Ep. 55)

Artificial Intelligence Bucket List (Ep. 55)

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Are you enjoying the money you’ve worked hard for or are you just saving it? 

This is an important question to ask ourselves at any point in life, as time is a precious commodity that we can never get back. It’s better to live our lives with responsibility while enjoying it. 

So, who can assist us in achieving this?

Join Corey Heimensen on The WIN Podcast as he explores the importance of valuing experiences over accumulating wealth. Corey mentions the potential of AI in personalizing bucket list adventures and emphasizes the importance of personalizing financial planning and preparing for life’s uncertainties.

Corey discusses:

  • The importance of enjoying the money you’ve worked hard for and the experiences it can provide
  • Comparing family vacation AI suggestions for different life stages: from theme parks to sophisticated international getaways
  • The role of a financial advisor in providing personalized guidance and weighing the pros and cons of financial decisions
  • The necessity of balancing spending on experiences with saving for the future and unexpected expenses
  • And more!

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Under the Hood of Risk and Exposure (Ep. 54)

Under the Hood of Risk and Exposure (Ep. 54)

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Have you ever wondered how to differentiate between risk and exposure when it comes to your investments? 

This week, Corey Heimensen in a new episode of The WIN Podcast, explores the crucial distinctions between risk and exposure in the realm of financial planning. He dives into the importance of understanding these concepts and examines the mindset for mitigating risks and managing exposure to ensure a secure financial future.

Corey discusses:

  • Understanding the fundamental difference between risk and exposure in financial planning
  • Exploring the significance of managing exposure to potential risks in investments
  • Strategies for quantifying and assessing the magnitude of outcomes in financial decision-making
  • The role of professional guidance in navigating the complexities of investment risks and exposure
  • And more!

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2 Finance Guys and Their Life Lessons (Ep. 53)

2 Finance Guys and Their Life Lessons (Ep. 53)

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Have you ever considered the lessons learned from major financial crises that shaped our history?

In this episode of The WIN Podcast, Corey Heimensen dives into pivotal events like the Enron scandal, Madoff Ponzi scheme, and the stock market crash of 1987. 

Listen today and discover the valuable lessons gleaned from these financial disasters and how they can shape your financial decisions.

Corey discusses:

  • Lessons from the Enron scandal and the importance of understanding investments before diving in
  • Insights into the notorious Bernie Madoff Ponzi scheme and the dangers of unrealistic returns
  • Reflections on the 1987 stock market crash and the significance of cash flow and reserves
  • Valuable takeaways from history to navigate financial markets with wisdom and perspective
  • And more!

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There are 2 I’s in Team with Zed Heimensen (Ep. 52)

There are 2 I’s in Team with Zed Heimensen (Ep. 52)

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Baseball is shaped by strategic decisions both on the field and in the boardroom. 

The signing of a high-profile player like Shohei Ohtani by the Los Angeles Dodgers is a significant event that reflects the interplay of talent evaluation, contract negotiation, and long-term financial planning. 

Such moves are pivotal, potentially influencing the team’s performance and financial health for seasons to come.

In this episode, Corey Heimensen sits down with Zed Heimensen to explore the baseball season and Shohei Ohtani’s landmark signing with the Dodgers. They examine Ohtani’s unique contract, particularly its deferred compensation aspect, the financial implications for the team and player, and the lessons we can learn.

Corey and Zed touch on:

  • The unique structure of Shohei Ohtani’s contract with the Los Angeles Dodgers
  • The concept of deferred compensation
  • The risks associated with deferred compensation, including inflation, tax rates, and the potential for bankruptcy affecting the contract
  • The risks faced by both Shohei Ohtani and the Los Angeles Dodgers in the unique contract arrangement
  • The Dodgers’ deferred contracts and the potential financial implications for the team in the future
  • Parallels between deferred compensation in sports and everyday financial decisions
  • And more!

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About our guest:

Zed Heimensen, a graduate of Morningside University, began working at Heimensen Wealth Advisors in May 2022. Zed graduated with a bachelor’s degree in Finance while serving as the president of the university’s investment club. During his time at Morningside, Zed gained extensive knowledge of the finance industry through internships and high-level coursework.

Zed recognizes the importance of understanding each client’s life story and how their unique paths can impact their short- and long-term financial goals. As a financial advisor, Zed prepares individualized financial plans while fostering genuine client relationships. He holds Securities Registrations 7 and 66.

Outside of work, Zed enjoys golfing, reading, and spending time with his family and friends. Zed is also an avid sports fan, hoping to see the Vikings win a Super Bowl at some point in his life.

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