Q&A: How to Take Profits, Investing My Monthly Escrow, & Cashing Out Whole Life Insurance

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Jun 5, 2025

The hosts tackle listener questions about profit-taking and smart investing strategies. They share insights on rebuilding credit with secured cards and offer tips for navigating investment options amid job-related restrictions. The discussion also highlights the importance of diversifying investments, including precious metals and cryptocurrencies. Strategies for retirement contributions and the benefits of establishing a Roth IRA for young adults are explored alongside budgeting techniques and financial education tips for long-term success.

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ADVICE

Rebuild Credit With Secured Card

Rebuild credit by getting a secured (guaranteed) credit card and making on-time payments.
Pay off old debts to collections and have them removed to improve credit score fast.

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ADVICE

Invest Around Compliance Limits

Invest in real estate, index funds, or managed accounts to bypass compliance issues.
Diversify with precious metals or crypto in compliance-friendly platforms to grow wealth safely.

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ADVICE

Be Cautious Removing Escrow

Weigh opportunity cost before removing escrow; small savings might not justify added risk and effort.
Ensure you won't miss payments that could lead to foreclosure from personal tax payments.

Get the Snipd Podcast app to discover more snips from this episode

Navigating the Personal Landscape of Finance: Credit Improvement Strategies

01:33 • 3min

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Strategies for Rebuilding Credit Through Secured Cards and Personal Loans

04:14 • 3min

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Navigating Credit and Investment Strategies Amid Restrictions

07:20 • 4min

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Wealth Building Strategies

11:22 • 7min

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Balancing Retirement Contributions for Early Retirement Goals

18:43 • 4min

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Building Financial Foundations: Roth IRAs and Beyond

23:11 • 8min

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Smart Financial Strategies

31:27 • 10min

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In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

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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 6/5/25, 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 our⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Fee 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. See⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://public.com/disclosures/bond-account⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more.

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