Tag: Inflation
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!

Resources:

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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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Raising The Bar with Zach Springer (Ep. 34)

Raising The Bar with Zach Springer (Ep. 34)

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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
  • And more!

Resources:

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About Guest:

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.

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Everything You Need To Know About Inflation (Ep.6)

Everything You Need To Know About Inflation (Ep.6)

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Most people are familiar with the not-so-positive side of inflation. But what if Corey Heimensen from Heimensen Wealth Advisors told you that inflation can be beneficial, too?

This week, Corey examines the current standing of inflation within the markets. He outlines the ins and outs of inflation while revealing why it is so important to plan your finances around the current inflation scenario. 

Corey discusses:

  • What is inflation, and how does it work
  • The benefits of inflation 
  • The importance of ‘rainy day funds’ and reasons it’s crucial to have ‘something to fall back on’
  • How to deal with rising interest rates
  • And more!

Resources:

Connect with Corey Heimensen:

 

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