Joe Coughlin: The Science & Art of Managing Business Risk Today
Working Capital Conversations
Businesses, of course, face risk every day, whether from supply chain disruption, calamity, or as we’ve seen from a series of hurricanes of the last years, Mother Nature. But most of these risks have a foreseeable ending – after all, at some point the hurricane passes. But among the many business risks during this Covid age are the unknown risks – how long will the pandemic endure? Which geographies will be hit hardest? What might recovery look like? And while the insurance business can account for many of the regular risks, Covid brings a new, challenging dimension. So how are the insurance companies thinking about Covid-19? Perhaps more significantly, how can businesses measure, plan, and account for the risks they face? How should they think about the problem?
58 - Dr. Joe Coughlin, MIT AgeLab Director Explains Why “Old Age is Made Up”
A Second Opinion with Senator Bill Frist, M.D.
Today I’m joined by the innovative Dr. Joe Coughlin – the founder and director of the Massachusetts Institute of Technology AgeLab. Recognizing that our society hasn’t adapted to meet the needs of our growing older generation, the MIT AgeLab was created as a multidisciplinary research program that works with business, government, and NGOs to improve the quality of life of older people and those who care for them. Just one example includes creating a suit that can be worn by students, product developers, engineers, architects, and others to experience the physical challenges of a person in their mid-70s. In addition to leading the AgeLab, Dr. Coughlin teaches in MIT's Department of Urban Studies & Planning and the Sloan School's Advanced Management Program. He was named by Fast Company Magazine as one the ‘100 Most Creative in Business’ and by the Wall Street Journal as inventing the future of retirement. His recent book, The Longevity Economy: Inside the World's Fastest Growing, Most Misunderstood Market, is one of CEO READ’s Business Bestsellers. Visit A Second Opinion's website here: https://asecondopinionpodcast.com/ Engage with us on social media at: Facebook Twitter Instagram
#165 - Three Irishmen with Sean Finnerty, Tom Feeney, and Joe Coughlin
The Open Micers
Sean Finnerty and Tom Feeney are comedians based out of LA. Joe Coughlin is a comic based out of Columbia, SC. You can follow them @seanfinnerty @tomsfeeney @coughlinjoe Outro: Still Feel Like Your Man by John Mayer As always thank you so much to all of our listeners, you guys are the best! Be sure to follow us at @theopenmicers on twitter and IG, Rate and Review on iTunes, and most importantly TELL A FRIEND ABOUT IT!!! Find us on Spotify, Google Play, Stitcher and every app/platform that offers podcasts. Or listen directly from our website at the link below!
Are You Ready to Redefine Yourself in Retirement? with Dr. Joe Coughlin from the MIT Age Lab
Retirement Answer Man
How are you going to redefine yourself in retirement? Retirement means making the life transition from a full-time career to full-time living on your own terms. Although this is exciting, it can also be scary. During this series, you’ll learn how to create a framework to do this successfully. Learn how to figure out your identity and who you want to become. Are you ready to redefine yourself in retirement? Listen to this episode of Retirement Answer Man to begin to make this huge transition in your life. Who are you? We get so wrapped up in our professional titles that now in retirement you have a void to fill. Not only do you have to figure out the logistics of money, healthcare, where you’re going to live, now you’ll have to figure out your identity. Some people can lose direction when they retire. They think about who they were rather than who they want to become. Creating an identity from a completely blank slate can be a challenge. People don’t do well with blank slates. We prefer multiple-choice questions and don’t have the skills required to choose from such a broad palette. Do you know who you are? Do you know who you want to become? Why did I shift the focus of this series from finding your purpose? I had originally planned for this month to be all about finding your purpose in retirement, but then Mike the listener had an objection. Mike feels that there is too much pressure in finding your purpose of retirement. You probably won’t solve the problem of world hunger. Retirement is like the start of college, it’s the beginning of another round of self-exploration. Unfortunately, the analogy ends there since college has a structure and pressure. A well-funded retirement is free of pressure and structure. How will you grow and change in the absence of pressure? How can you hack longevity? It used to be that you might get 10 years of retirement in to simply sit on the park bench. Nowadays ⅓ of your adult life consists of retirement. The pattern written by previous generations doesn’t hold up for this new generation of retirees. This new stage of life has to be reinvented. Just because you stopped working doesn’t mean that you stop everything. People are beginning to hack their longevity by identifying their interests early on in retirement. These interests will carry them for the years of their retirement. Are you ready to redefine yourself in retirement? When you retire, you can’t just run away from work, you need something to run to. It's not the absence of work that people desire in retirement, it’s the flexibility. Before beginning your retirement it’s time to start thinking about who you really are. What’s your reason to get up in the morning? What will be your storyline? How can you use the skills you have accumulated over a lifetime and translate them into the new game of retirement? OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN HOT TOPIC SEGMENT [3:45] We get so wrapped up in our professional titles [8:14] Blank slates can be a challenge [9:00] Why we aren’t searching for a purpose this month [17:55] What is going on in the Rock Retirement Club this month? PRACTICAL PLANNING SEGMENT [19:08] Dr. Joseph Coughlin is the director of the MIT Age Lab [25:22] People are hacking their retirement [31:55] How can we build support networks in retirement? THE HAPPY LAB SEGMENT [34:44] Axe throwing is really hard to do TODAY’S SMART SPRINT SEGMENT [36:56] Identify your identity right now Resources Mentioned In This Episode BOOK - The Longevity Economy by Dr. Joseph Coughlin Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Work with Roger Roger’s Retirement Learning Center