In this episode of WIN: What’s Important Now, we explore the Gartner Hype Cycle—a framework for understanding the lifecycle of new technologies—and its parallels to market trends and investor behavior. Using real-world examples like self-driving cars and 3D printing, we uncover lessons on recognizing hype and identifying sustainable opportunities.
We also examine the “behavior gap” to discuss how emotions often derail smart investing. Tune in for practical tips on navigating market hype, managing emotional decisions, and aligning investments with long-term goals.
In this Thanksgiving-themed episode of WIN: What’s Important Now, we explore the financial lessons hidden in the holiday season. From the economics of Thanksgiving spending to discussing money matters with family, we uncover practical ways to align gratitude with your financial goals. Whether you’re navigating Black Friday deals or planning your holiday budget, this episode offers insights to keep your finances on track while embracing the spirit of giving.
We also discuss a different kind of year-end review, helping you assess your progress, identify areas for improvement, and set new goals for the coming year. With tips for fostering positive money conversations and strategies for recharging your financial plan, this episode will leave you feeling thankful, prepared, and ready to harvest the wealth of opportunities ahead.
In this episode of WIN: What’s Important Now, we dive into the strategic placements that influence our everyday choices—whether in a grocery store, at the zoo, or in our financial portfolios. Have you ever wondered why milk is at the back of the store or why certain animals are placed at key points in the zoo? These decisions are intentional, designed to shape our behaviors, maximize engagement, and increase spending.
Join us as we explore the psychology behind these placements and reveal how businesses use strategic layouts to guide consumer behavior. We’ll then take these insights into the world of finance, drawing parallels between effective product placement and smart investment positioning. From high-demand groceries to high-yield investments, learn how understanding these strategies can empower your financial decisions and help you make better choices.
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 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!
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.
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
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
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.
Throughout our lives, we will always be “in between” periods.
During these, we will face many struggles and points where our decision-making will be crucial for our success. We have to make the best of situations by focusing on “What’s Important Now”.
In this episode, Corey Heimensen plays a card game called “Yablon” (also known as “Red Dog” or “In Between”) to demonstrate the parallels between the game and life decision-making, particularly in finance. Corey chats about the concept of being “in-between” life events and the importance of planning and enjoying life.
Corey discusses:
The game Yablon (also known as Red Dog or In Between)
What Yablon teaches us about decision-making, risk management, diversification, risk-return in finance, and life in general
How decision-making is crucial for life
The importance of enjoying life and having fun experiences without stressing about the next hurdle
As the NBA finals are approaching, have you ever thought about the amount of money the players make? Yes, a lot.
But despite earning millions, are they financially responsible? What mistake do they make with their money?
In this episode, Corey Heimensen chats about how NBA players handle their personal finances, sharing important lessons that can be applied to anyone’s spending habits. He emphasizes the impact of nepotism and the importance of incorporating positive habits for future generations to learn from.
Corey discusses:
How finances can be related to any topic
The topic of whether professional athletes make too much money
The minimum and average salaries of NBA players and the value they bring to their companies
The importance of discipline in spending and how it applies to every individual with any level of income
Positive and negative stories about the spending habits of some NBA players
Why nepotism, done in the right way, it can be a good thing
The advantages and disadvantages of nepotism in business and how it can affect generational wealth
How our kids learn from our habits and the importance of being a good role model
