Rich Habits Podcast

4: Getting Started in Your 30s & 40s

Mar 21, 2023

Learn how to assess your financial standing, adjust your budget for investments, and optimize retirement planning in your 30s and 40s. Discover tactical habits for building wealth, including saving, consistent investing, and early retirement planning. Gain advice on smart spending, financial sacrifices, and setting financial goals for a secure future. Find out about investing aggressively, cutting expenses, and utilizing downtime for self-improvement.

19:33

Creator website

Episode guests

Austin Hankwitz

Robert Croak

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Create a detailed budget & allocate income towards investments for wealth accumulation.

Ramp up savings efforts in 30s/40s by aiming for higher savings ratio & setting financial goals for future.

Deep dives

Starting with a Budget and Debt-To-Income Ratio

One key insight from the podcast is the importance of building a budget and understanding your debt-to-income ratio. By creating a detailed budget, individuals can assess their financial position and allocate a specific percentage of their income towards investments, aiding in wealth accumulation. Tracking every dollar coming in and going out, possibly using tools like the Mint app, enables better financial decision-making and investment planning.

Introduction

2min

Financial Planning: Budgeting and Debt Management

8min

Financial Planning and Budgeting Advice for Individuals in Their 30s and 40s

2min

Smart Spending and Financial Goals

5min

Financial Success Strategies and Investment Recommendations

3min

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share their best advice for those who might feel like building wealth has passed them by — specifically creating your new budget and holistically evaluating where you're at, making the needed changes to your life to begin implementing your new wealth building habits, and the harsh reality of catching up.

Don't forget to share this episode with a friend who could use this advice.

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To learn more about Robert: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://stan.store/RobertJCroak⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

To learn more about Austin: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://stan.store/austinhankwitz⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Contact: richhabitspodcast@gmail.com