The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill and Pete Bush dive into the vital subject of exit planning for business owners, particularly those in their fifties. Pete shares insights from earning his Certified Exit Planning Advisor (CEPA) designation and outlines how business owners can start planning for a successful exit—years in advance. They walk through the three-legged stool of readiness, the impact of intangible capital, the structure of a successful exit team, and the value acceleration methodology that helps business owners be always ready, not just at retirement. Whether...
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collection of quotes—from their book and beyond—that offer meaningful lessons about personal responsibility, discipline, investing, and long-term planning. Each quote sparks discussion on how these timeless insights apply to real financial life, especially for those in their 50s preparing for retirement. From Yogi Berra to Warren Buffett, the conversation is packed with wisdom and motivation to take action and shape your future today. ⏱ Time-Stamped Show Notes & Chapters: 00:00 – Preflight Announcement & Intro to the Theme The brothers set the tone with a fun “tray...
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In this episode, Bill and Pete Bush take a deep dive into the various risks associated with retirement. Drawing from their ongoing studies for the RICP (Retirement Income Certified Professional) designation, they unpack key categories of risk that can derail even the most well-thought-out retirement plans. From longevity and health concerns to market volatility and public policy shifts, they emphasize the need for proactive planning, emergency buffers, and a realistic outlook. This is not about fear—it’s about readiness. ⏱️ Episode Timestamps & Topics: 00:00 – Intro:...
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In this episode of The Runway Decade Podcast, Bill and Pete discuss the intersection of baseball and financial planning. They explore how teamwork, coaching, and early financial education shape success, drawing insightful parallels between the sport they love and the business they live in day-to-day. From the importance of visualization and mindset to the timeless principles that stand the test of time, this episode is packed with valuable takeaways for both baseball enthusiasts and financial planners alike. Key Topics: 00:01 – Introduction Bill and Pete kick off the episode with the...
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Episode Highlights with Timestamps [00:00] Introduction: Cleared for Takeoff The episode begins with a friendly welcome from Bill and Pete Bush. Reflecting on the transition into 2025: New beginnings, fresh plans, and the excitement (and challenges) of the New Year. [02:00] Why New Year's Resolutions Fail Pete discusses Steven Pressfield’s The War of Art and the concept of “Resistance,” the internal force that challenges personal growth and improvement. How to recognize and overcome resistance to stay committed to your goals. [04:00] Start the Year with a Financial Check-In Bill...
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In this episode of The Runway Decade Podcast, Bill Bush and Brother Pete focus on the importance of adopting the right mindset as the year ends. They emphasize actionable steps for financial planning, highlight key year-end deadlines, and discuss how proactive health and financial practices overlap. Reflecting on their personal experiences and the importance of gratitude, they guide listeners on how to approach 2025 with clarity and intention. Key Discussion Points 00:00 – Introduction to the Runway Decade Podcast Bill kicks off the episode with a signature aviation-themed welcome....
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Introduction Hosts Bill and Pete Bush dive into a thought-provoking discussion about a pivotal moment in every financial journey where "the road diverges." This episode explores the crucial choice people face when determining their financial future—one path leading to confidence, success, and security, while the other leads to regret and missed opportunities. Bill and Pete share insights on why some struggle to choose the more secure path and how to build momentum toward financial confidence. Episode Highlights · [00:22] The Diverging...
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In this episode of The Runway Decade, Bill and Pete dive into the crucial topic of taking action in financial planning. They emphasize the importance of creating an actionable checklist and how an accountability partner can help keep you on track. The discussion highlights the psychological concept of visualizing your future self and its impact on your current financial decisions. Throughout the episode, Bill and Pete stress that planning without implementation is meaningless and that financial progress comes from adapting your plans to life's changing circumstances. They encourage listeners...
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Summary: In this episode of The Runway Decade Podcast, Bill and Pete Bush of Horizon Financial Group and authors of the book The Runway Decade, discuss the various strategies and financial vehicles available to help you achieve your retirement goals. They dive into the importance of planning for a potentially lengthy retirement, managing risk versus volatility, and the significance of having the right tools to ensure financial success. Key Topics Discussed: [00:00] Planning for Retirement: Funding Your Desired Lifestyle Understanding where you are now and where you want to go. The...
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In this episode of the Runway Decade Podcast, hosts Bill Bush and Brother Pete delve into the intricacies of managing finances as you approach the later stages of your career, emphasizing the common financial planning mistakes and how to correct them. Through engaging discussions and a client story, they explore the importance of auditing your financial health, the role of a financial advisor, and practical strategies for maximizing retirement savings and investment performance. Episode Highlights · 00:00:02 - The episode...
info_outlineOn today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are going to talk to Ray Castle, who has had one retirement already and is currently on the runway. They mention that Ray is known in the medical training world and has a diverse background that they were not aware of. Pete and Bill express their excitement about getting to know Ray's story better and believe that the listeners will enjoy it as well.
Episode Highlights
· 01:52: Ray Castle mentions that in addition to the revitalization of his hometown, there have been new restaurants opening up. He expresses his admiration for these restaurants, saying that they rival most restaurants in town.
· 02:38: Ray mentions that he learned to drive at a young age and had some mishaps with tractors, including running into trees. He also shares that his father had a heart attack when he was 49, which influenced their decision to go into the cattle business in the late 70s.
· 03.12: Despite the challenges, Ray stayed in the farming business for about six years. Pete and Bush relate to Ray's farming background, mentioning that their own family was involved in farming tobacco, corn and raising animals like pigs.
· 04:03: As a child, Ray Castle explains that he would mostly engage in activities on the farm. Ray mentions how his older brother and younger sister were simply immersed in farm life and its various tasks.
· 05.12: Ray Castle mentions that he attended Tensas Academy, a small private school, for his high school education. After high school, he came to LSU (Louisiana State University).
· 05:27: Ray confirms that he has always been interested in sports and participated in multiple sports during high school. However, he never initially realized that he wanted to pursue a career in healthcare.
· 05:48: Ray Castle explains that his parents never pressured him to choose a specific career path, but instead emphasized the importance of going to school and taking things step by step. They provided encouragement even when he was struggling academically or making mistakes.
· 06:53: Ray Castle shares his experience at LSU, where he initially pursued a major in geology but eventually realized that it wasn't the right fit for him.
· 08.42: Ray reflects on his interest in sports and decides to pursue a degree in kinesiology. He mentions considering a Med technology degree but ultimately opts for kinesiology, realizing that he can excel if he puts in the effort to balance work and study.
· 10.50: Ray Castle talks about a moment when he realized he needed to be more prepared for his kinesiology class.
· 12:32: Ray Castle talks about his experience as a student trainer at LSU. He mentions staying in Broussard Hall and working from 12:30 to 1, assisting the team. He mentions that the women's track team won their first back-to-back championships in Eugene, Oregon.
· 14:45: Ray Castle reflects on his experience working with different sports teams at LSU. He mentions the unique family atmosphere within athletics and how it felt to be part of that community.
· 15:24: Ray mentions working alongside Tammy Bianco, who was an athletic training student at the time. Ray describes the long to-do lists and tasks he had to complete, including budgeting, inventory management, and working during the summer. He notes that the current system has changed significantly compared to his time working with the teams.
· 17:40: Ray acknowledges the opportunity to work with great people throughout their 20-year tenure, and they mention that they retired in August.
· 19.07: Ray emphasizes the importance of having a solid foundation to build a successful career and personal life.
· 22:51: Ray talks about their experience working with various sports, including Olympic cycles. Pete and Bill mention working with Kathy Osborne and John Purdy, who worked at the Olympics. Kathy worked with USA women's basketball in Barcelona in 1992, and John worked at the Lillehammer Winter Olympics in 1993.
· 23:49: Ray shares how they have been involved in covering marathons and traveling to different locations for their work.
· 26:18: Ray describes their experience at a marathon where they were stationed at the medical tent. Ray then mentions being about 30-40 yards away from the first bomb site during the Boston Marathon bombing incident. They reflect on how, despite being taught not to take action in such situations, they found themselves instinctively responding and helping people in need.
· 29:33 Ray talks about the challenging transition to retirement and the painful process of leaving their previous career.
· 34:50: Bill mentions wearing an Apple Watch and the availability of data for monitoring human performance. Ray who is involved in the medical side of athlete training, talks about the changes and advancements in the field over the past 15 to 20 years.
· 36:51: Ray emphasizes the importance of exercise and mentions their personal experience with open heart surgery.
· 39:48: Ray discusses the importance of being aware of one's family history of cardiac events and how it can increase the risk of experiencing similar issues.
· 45:02: Pete, Bill and Ray expresses their appreciation for their partner, emphasizing the importance of enjoying each other's company and expressing love and affection every day.
· 49:02: Ray talks about his favourite music band. He also shares that their first pet was a Catahoula card Mix named Diamond, who had a small diamond-shaped marking on his forehead.
· 52:01: Ray shares about their best vacation, which took place in the Bahamas on an island called Spanish Wells.
· 54:02: Ray talks about their website, www.actionmed.co, where they offer services such as emergency care workshops, first aid and CPR certification training, and consulting in the field of emergency medicine.
Three Key Points
1. Ray Castle shares how timing of their transition into the cattle business was good because the farming industry was changing and it was difficult to sustain a small farming business during that time, particularly in the late 70s.
2. Ray talks about the coaches he worked with, including Pat Henry, Lauren Seagrave, and Dan Path, and how he learned a lot from them in terms of technical skills and understanding the body.
3. Bill, Pete and Ray discuss technology and hybrid learning, while pointing that younger generations learn faster than they did.
Tweetable Quotes
· "I remember when I was 8th or 9th grade, my dad came home, and my parents never pushed me in one direction." – Ray Castle
· "I am a firm believer that careers find you. You don't find them." - Ray Castle
· "It was a lot of that was an incredible experience just to work with folks and see that beforehand and I left the day before all the craziness." - Ray Castle
· "Just working on very simple things to be healthy doesn't take a lot to do that." - Ray Castle
Resources Mentioned
· runwaydecade.com
· https://www.actionmed.co/