93: Our Biggest Wins of 2024 + Giveaway Announcement
Dec 2, 2024
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The hosts celebrate their biggest achievements of 2024, sharing insights into successful investments, particularly in AI. They highlight the importance of risk management and community engagement in achieving financial freedom. Listeners are inspired by real success stories as they reflect on their own financial journeys. Discussions include new high-income ETFs and transformative experiences with financial education. Throughout, there's a strong emphasis on taking actionable steps towards better financial literacy and celebrating collective successes.
The hosts highlight the significant financial success in AI investments during 2024, emphasizing the importance of recognizing emerging sectors early on.
A personal win involved their visit to the White House to advocate financial education amidst the student loan crisis, reinforcing their mission to provide actionable financial advice.
Deep dives
AI Sector Investments
One of the key insights is the significant financial success in the AI sector during 2024. Notable investments like NVIDIA, Palantir, and SoundHound saw impressive gains, with NVIDIA up 196% and Palantir gaining 210%. The speakers reflect on their earlier predictions regarding AI's potential based on market trends observed in 2022, emphasizing the importance of being ahead of the curve. This mindset highlights the potential for replicable investment successes by recognizing and investing in emerging sectors early on.
Understanding the Student Loan Crisis
A notable personal win from the hosts was their visit to the White House to discuss the student loan crisis, particularly the SAVE plan. They shared insights about the difficulties faced by educators burdened with significant student loan debt and low salaries, underscoring the importance of financial education and reforms. The discussion emphasized the platform's commitment to helping listeners navigate their financial struggles and explore available solutions. This experience reinforced their mission to provide actionable financial advice to listeners aiming for long-term wealth building.
Building the Rich Habits Network
The establishment of the Rich Habits Network emerged as a significant achievement, bringing together diverse audiences for a shared journey towards financial literacy. This community fosters collaboration and support, allowing members to benefit from each other's experiences and insights. The hosts expressed fulfillment in witnessing the positive changes in their audience’s financial behaviors, such as debt reduction and increased savings. This emphasizes their goal of not only inspiring individual successes but also creating a lasting impact on the broader community.
Achieving Passive Income Goals
Another significant insight focuses on the ongoing journey towards financial independence through strategic investing. One host reported holding $600,000 in their brokerage account and noted a remarkable increase of $200,000 over the last two years, attributed to disciplined investing practices. They highlighted the importance of consistent contributions to investments, particularly in passive income funds. This demonstrates the potential for wealth accumulation with a long-term perspective, encouraging listeners to take similar steps toward their financial goals.
In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz reflect upon their biggest wins of 2024. These wins include business wins, investment wins, and community wins.