Velcro. Post-its. Potato chips. What do they have in common? None of them were part of the plan. In this episode of WIN, we dive into the world of accidental inventions—and how their surprise success offers a powerful lesson for investors and dreamers alike. Because sometimes, the best financial returns don’t come from predicting the future, but from being ready when it shows up.
Giving is one of the most powerful ways to make a positive impact in the world.
Whether it’s donating money, time, or skills, giving can help improve the lives of others and ourselves.
Giving can also be a source of joy, fulfillment, and gratitude. But how do we give effectively and wisely? How do we balance our own needs and goals with our desire to help others?
In this episode, Corey Heimensen explores the power of giving and how it can shape our financial decisions and personal growth. He discusses the concept of “Giving Tuesday” and emphasizes that giving should not be confined to a single day or cause. Additionally, Corey also discusses Donor-Advised Funds as a flexible way to control donations and receive tax deductions.
Corey discusses:
The concept of Giving Tuesday, a movement where people are encouraged to be charitable and give to different causes
The value of charity and the importance of teaching and learning about being charitable from an early age
A plan to donate $25 to charity for every client who signs up for electronic delivery of paper in 2024
The importance of education and its power to improve lives and society
The perspective on giving and how it doesn’t have to be at the level of billionaires
The concept of a Donor-Advised Fund, where individuals can donate money to a fund and control its distribution to different charities
One of the most fascinating aspects of financial planning is how it can be related to almost anything in life.
Whether it is music, art, sports, or movies, there are always lessons and insights that can be drawn from different domains and applied to our financial decisions.
In this episode, Corey Heimensen is joined by Zed Heimensen, financial advisor at Heimensen Wealth Advisors, to explore the adaptability of finance. Drawing inspiration from Beethoven and the movie National Lampoon’s Christmas Vacation, they explore the importance of managing what we can control and planning for the unexpected. They also emphasize the value of hard work, surrounding ourselves with the right people, and diversification in financial planning.
Corey and Zed discuss:
How Beethoven’s structured musical form can be related to financial efficiency and the importance of setting goals and having a plan
The significance of Beethoven’s gradual loss of hearing and how it can be related to overcoming challenges in financial planning
The importance of managing risk in various aspects of life
The importance of passion and hard work in achieving greatness
Financial lessons from National Lampoon’s Christmas Vacation, such as not depending too much on one source of income
The concept of classics and how it relates to judging success in financial planning
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.
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
