Tag: Retirement
Money Mind Tricks: How Biases Shape Your Financial Choices (EP. 64)

Money Mind Tricks: How Biases Shape Your Financial Choices (EP. 64)

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In this episode of WIN: What’s Important Now, we dive into the fascinating world of mental shortcuts, or “heuristics,” and how they shape our everyday decisions—especially when it comes to money. Have you ever bought something just because it was on sale or panicked over financial news? You’re not alone! We’ll explore three common biases—anchoring, availability, and representativeness—that can lead us astray in both everyday shopping and personal finance.

From negotiating a salary to deciding when to invest, these mental tricks can influence our thinking in subtle but powerful ways. We’ll break down relatable examples, from judging a deal based on the original price to making financial choices driven by recent events. Tune in to learn how to spot these biases and take control of your financial decisions with more confidence!

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The ROI of Relationships: Investing in Social Capital (EP. 63)

The ROI of Relationships: Investing in Social Capital (EP. 63)

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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.

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From Gridiron to Gains: Financial Lessons from the NFL Kickoff (EP. 62)

From Gridiron to Gains: Financial Lessons from the NFL Kickoff (EP. 62)

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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.

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The Currency of Time: How We Spend Our Most Valuable Asset (EP. 61)

The Currency of Time: How We Spend Our Most Valuable Asset (EP. 61)

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In this thought-provoking episode of WIN: What’s Important Now, we explore the profound value of time and how its significance evolves throughout our lives. We’ll delve into the 1965 Senate subcommittee testimony that anticipated a future overflowing with free time, and contrast that vision with the realities of today’s average workweek. Discover how the psychological trade-offs between time and money impact our decision-making, and learn how cultural and generational differences shape our perspectives on time.

We’ll discuss why time becomes increasingly valuable as we age, driven by a heightened awareness of its finite nature, shifting priorities towards meaningful experiences, and the desire for autonomy and peace. Join us as we unravel the complexities of how time is perceived and utilized, offering insights on making the most of this precious resource in a world that constantly demands more of our time. Whether you’re reflecting on your own use of time or seeking to understand different cultural attitudes, this episode provides valuable perspectives on navigating the time-money trade-off and finding fulfillment in your everyday life.

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Thriving in Change (EP. 57)

Thriving in Change (EP. 57)

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In this episode, we explore the fascinating journey of adaptation in both business and personal careers. We delve into how successful business models evolve to meet changing market demands, technological advancements, and societal shifts. Drawing parallels, the discussion shifts to the personal evolution from the height of one’s career to the transition into retirement.
Discover strategies for staying ahead in the business world and learn valuable insights on how individuals can gracefully navigate the transition from a bustling career to a fulfilling retirement. Join us for an engaging conversation on thriving through change and ensuring sustained success in both business and life.

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The Elimination of Hurry with Grace Heimensen (Ep. 50)

The Elimination of Hurry with Grace Heimensen (Ep. 50)

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We live in a fast-paced world, where everything seems to demand our attention and time. 

But what if we are missing out on something more important by being constantly busy and rushed? What if the key to a happier and healthier life is to slow down and eliminate hurry from our lives?

For the 50th episode of The WIN Podcast, Corey Heimensen brings back Grace Heimensen to explore the book “The Ruthless Elimination of Hurry” by John Mark Comer, examining the cultural obsession with speed and its impact on well-being. They dive into finding balance, the importance of rest, the effects of technology, and intentional living. 

Corey and Grace discuss:

  • The difficulty of finding balance in life
  • The influence of technology and social media on rest and the challenge of finding true rest in a hurried culture
  • Retirement and the urge to avoid feeling hurried in life
  • The impact of slowing down and making meaningful connections with others in everyday situations
  • The concept of enjoyable moments and how to extend and savor them
  • Mindfulness and living in the present moment
  • And more!

 

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Navigating Healthcare Costs in Retirement: Strategies for Financial Wellness (Ep. 49)

Navigating Healthcare Costs in Retirement: Strategies for Financial Wellness (Ep. 49)

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Healthcare costs are one of the biggest expenses that retirees face, and they can vary depending on factors such as age, health, location, and lifestyle. 

Planning for these costs can be challenging, but also rewarding, as it can help you achieve your retirement goals and enjoy your golden years without worrying about unexpected medical bills.

In this episode, Corey Heimensen dives into the critical topic of healthcare costs in retirement. He breaks down estimated expenses while highlighting the importance of Social Security and Health Savings Accounts. Corey also touches on the impact of lifestyle choices and the benefits of preventative care, and he provides insights into managing healthcare costs through financial goals, considering inflation, and government support programs.

Corey discusses:

  • Healthcare costs in retirement and the fear associated with it
  • How media use scare tactics to draw attention to healthcare costs in retirement
  • The estimated healthcare costs for a couple in retirement
  • The role of Social Security as a piece of the retirement financial puzzle
  • The impact of healthy lifestyle choices and preventative care in managing future healthcare expenses
  • Health Savings Accounts and their potential benefits for managing future healthcare costs
  • How inflation and income/ increases can impact financial planning for healthcare costs 
  • And more!

 

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Lyrical Finance (Ep. 41)

Lyrical Finance (Ep. 41)

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The worlds of music and finance often intersect in life. 

This intersection can offer a valuable perspective to explore our connection with money, happiness, and the pursuit of our aspirations.

In this episode, Corey Heimensen and Aric Johnson play a game where they relate song lyrics to finances and life as a fun tribute to Aric’s enjoyment of music for his last episode on the podcast.

Additionally, Aric shares about his next venture with Boys Town in Omaha to work with at-risk youth. Corey says goodbye to Aric and welcomes his new producer, Bill Tucker.

Corey and Aric share:

  • The idea that money can not buy love, but can provide security and joy
  • The concept of inheritance and the importance of not spending it, but creating a legacy
  • The lyrics of the song “Working for the Weekend” by Loverboy and the concept of living paycheck to paycheck
  • The lyrics of the song “Billionaire” by Bruno Mars and Travie McCoy, focusing on the concept of having material wealth and the importance of having a realistic plan
  • The complications and challenges that come with accumulating wealth 
  • The importance of setting goals and saving a portion of your pay to reach those goals
  • And more!

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The Dirty Truth (Of Agriculture) with Wes Koedam (Ep. 17)

The Dirty Truth (Of Agriculture) with Wes Koedam (Ep. 17)

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The world is not the way it used to be, in a good way.

The technological advances we see today have made many processes easier, especially in agriculture.

In this episode of The WIN Podcast, What’s Important Now, Corey Heimensen chats with Wes Koedam to discuss the agricultural field and the changes he has seen throughout the past few decades in the industry. Additionally, they explain how crucial it is to plan for retirement.

Wes discusses:

  • His background in the agricultural industry and how it has changed in the past 30 years
  • The ways in which corporate markets set the value of agricultural products
  • His view on ethanol and wind turbines in farming
  • The risk of borrowing money from banks for the agricultural industry
  • His thoughts on retiring and why it was hard at first, and the importance of having someone you trust in the process
  • And more!

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Liquid Goals – Straight Up with Dave Ackerman (Ep. 13)

Liquid Goals – Straight Up with Dave Ackerman (Ep. 13)

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Retirement is not about having nothing to do. It’s about doing the things that you are passionate about.

In this episode of the WIN Podcast, What’s Important Now, Corey Heimensen sits down with Dave Ackerman to discuss the importance of working on ourselves and our hobbies during retirement. Dave also tells about his beginnings in the education industry and how good financial planning led him to retire at age 55.

Dave discusses:

  • His career as a teacher and how he planned for retirement
  • How he started his retirement job/hobby of distilling alcohol
  • Why your retirement should be spent doing the things you enjoy
  • The importance of being opportunistic
  • And more!

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