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Rich Habits Podcast

66: The Financial Playbook for Recent Graduates

May 27, 2024
Financial experts Robert Croak and Austin Hankwitz discuss a financial playbook for recent graduates, covering topics like retiring as a multi-millionaire, exceling in careers, and diversifying investment portfolios with fine art. They also share tips on strategic financial planning, long-term stability strategies, and career advancement moves for young professionals.
39:37

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Quick takeaways

  • Focus on exploring different paths and opportunities without self-judgment in the defining decade after graduation.
  • Secure financial stability by building a base of $50,000 to $100,000 through investments and avoiding unnecessary expenses.

Deep dives

Starting Your Defining Decade After Graduation

Upon completing high school or college, graduates embark on their defining decade, which sets the foundation for their future. Understanding that no one has it all figured out at a young age, the focus is on exploring different paths and opportunities while avoiding self-judgment. The podcast recommends reading 'The Defining Decade' by Dr. Meg Jay for valuable insights. Financial freedom is highlighted without the need for a long-term career plan. Actionable steps include opening a Roth IRA and investing in the S&P 500 for long-term financial security.

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