RichLife Retirement Show with Beau Henderson

Who Wants to Be a Millionaire? Financial Wisdom for Generations X, Y, Z with Tom Hegna - EP031

The RichLife Retirement Show with Beau Henderson

Retirement income expert Tom Hegna joins Beau Henderson for a dynamic discussion on building wealth across generations.

In this special episode of the RichLife Retirement Show with Beau Henderson, they explore themes from Tom's latest book, Who Wants to Be a Millionaire?, created specifically to help Generations X, Y, and Z take control of their financial future.

With humor, heart, and decades of financial experience, Tom shares actionable advice for creating lasting wealth — starting with the basics of earning more, spending wisely, and investing in appreciating assets. He and Beau dive into practical concepts like the impact of car loans on retirement, the power of compound interest, and why delayed gratification can shape your entire financial trajectory.

Listeners will also learn how to identify their Ikigai — where passion meets profession — and why finding it can increase both income and fulfillment. The conversation covers financial literacy gaps, the importance of working with a knowledgeable advisor, and how to turn human capital into financial capital over a lifetime.

Tom candidly addresses two of the biggest wealth killers: divorce and excessive consumer debt. He backs this up with powerful math and real-world examples that illustrate how smart choices early in life can create financial flexibility and peace of mind later on.

The episode wraps with Tom’s take on living a “rich life” — traveling, golfing, making memories — and how anyone can access this lifestyle through thoughtful planning and consistent effort.

If you want to help your kids or grandkids gain financial confidence, or if you're starting your own journey toward financial clarity, this episode is packed with insights to get you moving in the right direction.


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Disclosures:
* Not associated with or endorsed by the Social Security Administration or any other government agency. Maximizing your Social Security Benefits assumes foreknowledge of your date of death. If, as an example, you wait to claim a higher monthly benefit amount but predecease your average life expectancy, it would have been better to claim your benefits at an earlier age with reduced benefits.

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Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company.


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