In this episode of WIN: What’s Important Now, we examine how the activities we dedicate our time to can influence both our financial outlook and personal fulfillment. From gaming and golfing to traveling and gardening, we explore how different hobbies can evolve over a lifetime, offering unique experiences and potential opportunities.
Hobbies can provide more than just enjoyment—they can contribute to personal development and skill-building, sometimes opening up new income streams. Join us as we explore the broader impact hobbies have on our lives, beyond the costs, and how they can shape our experiences and future possibilities.
In this episode of WIN: What’s Important Now, we explore the power of relationships as an investment with long-term dividends. Drawing from the work of Robert Putnam, we dive into the concept of social capital, the value that comes from our networks, and how investing in personal and professional relationships can lead to greater financial, career, and personal success. Just like financial capital, social capital grows over time, offering returns in the form of opportunities, trust, and collaboration. Whether through mentorship, networking, or simple reciprocity, the relationships we nurture today have the potential to transform our futures.
We’ll also take a look at the ways social capital influences financial outcomes, from expanding career opportunities to gaining access to valuable resources. In a world that’s increasingly digital, we examine how authentic connections can still thrive and deliver returns, both personally and professionally. Tune in to learn practical steps for building and leveraging social capital, and why these intangible investments may be among the most important you make for the future.
On this episode of the WIN Podcast: What’s Important Now, we tackle the NFL’s economic juggernaut as the new season kicks off. We’ll explore the significant financial impact of the NFL kickoff, from its $18 billion revenue to the effects on advertising, merchandise, and local economies.
We’ll also examine recent changes allowing private equity firms to take an ownership stake in NFL teams, discussing how this shift could alter team valuations and league dynamics. Plus, gain valuable insights into how football’s strategic planning can inspire smarter investment decisions. Tune in for a compelling look at the NFL’s financial landscape and practical takeaways for your own investments.
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
There are often many lessons in previous historical events that can be implemented in today’s day to improve people’s lives or even help them achieve their goals.
In this episode of The WIN Podcast, What’s Important Now, Corey Heimensen sits down with Zed Heimensen to discuss how the Black Plague and the history behind anesthesia can be related to the behavior people have today when making important financial decisions.
Corey & Zed discuss:
A summary of what the Black Plague was and how this epidemic can be related when we make decisions out of panic in the market
Why the Black Plague increased the number of lawyers
How anesthesia was first used in medicine and how this story relates to clients’ relationships with Heimensen Wealth Advisors
The importance of appreciating modern improvements
Zed Heimensen, a Morningside University graduate, began working at Heimensen Wealth Advisors in May 2022. Zed graduated with a bachelor’s degree in Finance while serving as the university’s investment club president. During his time at Morningside, Zed gained extensive knowledge within the finance industry via internships in Security National Bank’s Wealth Management Department and at Heimensen Wealth Advisors.
Zed values the importance of each client’s life story while understanding how these different paths can impact the short- and long-term financial goals of every individual client. With this in mind, Zed’s goal is to become an advisor so he can advise clients and prospects and prepare financial plans. At the same time, he looks to build sincere client relationships while keeping things light-hearted.
Outside of work, Zed enjoys reading, spending time with his family and friends, and watching movies. He is also an avid sports fan, hoping he can see the Minnesota Vikings win a Super Bowl at some point in his life.
Everyone wants to grab the opportunities that will give them a better tomorrow.
But the truth is that this feeling can cause us to make major and avoidable mistakes.
In this episode, Corey Heimensen explains how our emotions and regrets push us to make bad decisions and why it is necessary to connect emotionally with clients to control their fears.
Corey Heimensen discusses:
How FOMO and ROMO relate to finance
How social media and the news control our decisions
In finances, there are eight rules we all need to know and follow — no matter our age!
Referring to the 1977 sitcom, “Eight Is Enough,” this week, Corey Heimensen provides you with a list of eight easy and achievable concepts you can do to protect and manage your finances.
Corey discusses:
The importance of paying yourself first and incorporating it into your routine
Why pay your bills on time, and what are some tools you can use to make it simple
How being optimistic can help you in every aspect of your life
The importance of being patient with your finances
How many of you are familiar with the roles and responsibilities of a good financial advisor?
In this episode, Corey Heimensen outlines the five roles of a financial advisor. From their role as the weatherman to marriage counseling and even acting as forest rangers, Corey explains what each hat means and how each of them is applied to different client situations.
Corey discusses:
The power of advisor straightforwardness and honesty
Ways advisors can help couples navigate their financial planning and show them a ‘travel guide’ of their possibilities
How to securely create and store your passwords and make them accessible to your family if necessary
The importance of saving and financial education for young people
Financial jargon can be confusing and hard to understand, and so can complex financial situations.
But, Corey Heimensen is here to help make these situations understandable and accessible for anybody, even if you have no previous financial experience.
In this episode, Corey reveals what motivated him to write his book, “Stop Doing Dumb Things With Your Money,” and explores the value of chapter two (focused on why you shouldn’t buy more financial services than you need) and three (the importance of goal-setting).
Corey discusses:
Reasoning and timing around his book
Tips to keep in mind when meeting with a potential financial advisor
The importance of setting realistic financial goals
What you should know about purchasing financial products and services
Have you ever asked yourself, ‘what’s next?’ after signing with a financial advisor?
Sometimes it can be unclear, and the process can be confusing.
But Corey Heimensen from Heimensen Wealth Advisors is here to help!
In this episode, Corey reveals what comes after you decide to become a Heimensen Wealth client. He also provides you with the rundown you need to smoothly navigate this new transition.
Corey discusses:
What sets Heimensen Wealth apart from other financial advisors
The tools and resources clients have access to when they become the firm’s client
Examples of how his practice helped their clients navigate tricky financial situations
The company’s client expectations and what life events the team expects to be updated on
