Tag: Emotions
Pre-flight Checks and Financial Planning (Ep. 48)

Pre-flight Checks and Financial Planning (Ep. 48)

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Ever considered the parallels between piloting a plane and navigating your finances? 

Buckle up as we unravel the connections between these seemingly unrelated realms. Whether you’re soaring through the skies or charting your financial course, one thing remains constant: the need for meticulous planning, sharp attention to detail, and the ability to gracefully adjust to unforeseen circumstances.

In this episode, Corey Heimensen draws parallels between aviation and financial planning. Using preflight checklists as an analogy, he emphasizes the importance of preparation, communication, and experience in navigating the uncertainties of both fields. Drawing inspiration from Captain Sully’s emergency landing, Corey highlights the significance of a solid plan during challenging times.

Corey discusses:

  • Parallels between preflight checks done by pilots and successful strategies in financial planning
  • Comparing the pilot’s exterior inspection of the plane to a financial advisor’s assessment of a client’s situation before moving forward
  • Captain Sully’s landing on the Hudson River and emphasizes the importance of being prepared for unforeseen circumstances
  • The importance of a preflight survey in aviation and how it can be applied to financial advising
  • The importance of controlling emotions
  • And more!

 

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Winter Tennis Breakdown (Ep. 47)

Winter Tennis Breakdown (Ep. 47)

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What do tennis and finance have in common? 

More than you might think!

In both fields, unforced errors can have a huge impact on your performance and outcomes.

This week, Corey Heimensen explores the concept of unforced errors in finance, draws parallels between tennis and decision-making, and dives into the psychology behind our choices. He also emphasizes the importance of learning from mistakes, avoiding overconfidence, and planning for the future.

Corey discusses:

  • Unforced errors in tennis and golf, and how they relate to mistakes made in the investing and finance world
  • The US Open, the crowd, and the drink called ‘Honey Deuce’
  • The importance of evaluating mistakes and learning from them in order to improve in various aspects of life
  • The importance of understanding and not underestimating the risks associated with investments and financial decisions
  • The dangers of overconfidence and the inevitable market downturns
  • The importance of managing taxes, ensuring cash flow, and weathering market volatility for long-term success
  • And more!

 

Resources:

Connect with Corey Heimensen:

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