Discover actionable steps to build real wealth, focusing on saving over the illusion of luxury. Learn the difference between sinking funds and emergency funds to avoid debt. Maximize your Roth IRA contributions for a tax-free retirement, especially in your thirties. Explore strategies to protect your wealth from scams while aligning your investments with personal values. The hosts also delve into ethical investing and the importance of understanding true wealth versus mere richness, offering tips for financial literacy and long-term investment.
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volunteer_activism ADVICE
Use Sinking Funds
Use sinking funds for planned expenses like Christmas, car maintenance, or beauty care.
This prevents accumulating high-interest credit card debt.
volunteer_activism ADVICE
Prioritize Retirement Investing
Maximize your 401k match for free money, then prioritize Roth IRA contributions.
Invest remaining funds in a taxable brokerage account.
volunteer_activism ADVICE
Maximize Roth IRA
Max out your Roth IRA contributions for tax-free retirement income.
Contribute up to $7,000 annually, or $583 monthly.
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Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
The Richest Man in Babylon
George Clason
This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.
Own Your Money
Michaela Aloka
The Little Book of Common Sense Investing
John Bogle
In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share their favorite actionable tips for getting rich... not looking rich... in 2025.
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Disclosure:A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 12/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See ourFee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Seehttps://public.com/disclosures/bond-account to learn more.
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