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Rich Habits Podcast

Latest episodes

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11 snips
Dec 23, 2024 • 44min

96: Building Generational Wealth in Your 40s & 50s

Discover how to build generational wealth in your 40s and 50s with actionable strategies. Uncover the importance of eliminating high-interest debt and making informed investments. Learn about asset protection through LLCs and the structure of 529 plans. The discussion also covers balancing emergency funds with investments. Emphasizing a structured approach to wealth management, the hosts debunk myths about missed opportunities and focus on enhancing financial well-being before retirement.
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Dec 19, 2024 • 29min

Q&A: S&P 500 vs. Nasdaq 100, Retained Earnings, & Saving for a Newborn

The hosts tackle burning questions in a lively Q&A session! They discuss investment strategies between the S&P 500 and NASDAQ 100, highlighting the latter's strong returns. Future parents learn about essential financial preparations and the importance of saving for childcare costs. The conversation also dives into smart planning for families with a single income, emphasizing life insurance and emergency funds. Lastly, they introduce an innovative app allowing users to invest through daily purchases, making investing accessible and fun!
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8 snips
Dec 16, 2024 • 48min

95: How NOT To Buy Depreciating Assets + Giveaway Winners

The hosts explore the five critical mistakes people make when buying depreciating assets, like over-borrowing and inadequate research. They share inspiring success stories from listeners who transformed their finances and emphasize the importance of avoiding negative equity. Listeners gain insights into responsible spending and the benefits of diversifying investments, including art. Fun anecdotes complement practical advice, ensuring a wealth of knowledge for anyone looking to secure their financial future.
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10 snips
Dec 12, 2024 • 43min

Q&A: Lump Sum vs. DCA Investing, Losing $25K in Meme Stocks, & Mid-Term Rentals

The hosts tackle listener inquiries about smart investing strategies, comparing lump sum investing with dollar cost averaging. They discuss managing high-risk assets, including lessons learned from meme stock losses. Real estate takes center stage as they explore mid-term rentals, focusing on market demands and effective management. Listeners are guided on debt management and the importance of reviewing investment portfolios. Overall, actionable tips and insights help craft a resilient financial strategy.
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20 snips
Dec 9, 2024 • 50min

94: How to Make Your First $1,000 Online in 2025

Join John Hu, co-founder and CEO of Stan, a platform that simplifies online earning for entrepreneurs. Hu shares actionable insights on how anyone can monetize their skills, regardless of their current follower count. They discuss the journey toward digital entrepreneurship, emphasizing perseverance and innovative marketing strategies. Expect tips on embracing discomfort, building a resilient mindset, and the transformative power of side hustles. It's an inspiring conversation for anyone ready to make their first $1,000 online!
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6 snips
Dec 5, 2024 • 41min

Q&A: Buying Bitcoin at $100K, When to Close a Business, & HSA vs. Roth IRA

This discussion covers navigating investment strategies, highlighting the importance of portfolio management as the new year approaches. The hosts delve into dollar-cost averaging for cryptocurrencies and stocks, offering insights on maximizing gains. They also compare Roth IRAs and HSAs, emphasizing the tax benefits of Roth IRAs. Plus, they explore the balance between passion and profit when considering closing a business, encouraging informed decision-making. Listeners gain tips on evaluating companies and the significance of diversification in investment.
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7 snips
Dec 2, 2024 • 33min

93: Our Biggest Wins of 2024 + Giveaway Announcement

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.
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Nov 28, 2024 • 47min

Q&A: My Parents Think House Hacking is a Scam, Our Financial Order of Operations, & Cashing In On Stock Options

The hosts tackle the skepticism of house hacking, addressing both financial benefits and parental concerns. They explore strategies for managing stock options and emphasize the importance of financial literacy. Listeners gain insights into navigating loans, budgeting, and the balance between modern investment strategies and traditional views. The conversation also touches on building a strong financial foundation, with advice on emergency funds, retirement planning, and avoiding lifestyle creep for sustainable wealth.
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Nov 25, 2024 • 41min

92: How to Unlock Bitcoin's 27% "Dividend Yield"

Discover the innovative strategies behind NEOS Investments' new Bitcoin ETF designed to unlock impressive yields. The discussion dives into diversifying portfolios with cryptocurrency while navigating market dynamics. Learn about effective investment tools, the importance of patience, and how institutional interest might stabilize Bitcoin. With actionable advice on dividend growth investing and the budding landscape of Bitcoin ETFs, this engaging conversation empowers listeners to optimize their financial journeys.
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Nov 21, 2024 • 40min

Q&A: Texas Stock Exchange, International Stocks, & Investing While in School

Dive into the dynamic world of finance as experts tackle intriguing questions about the upcoming Texas Stock Exchange and its potential to disrupt established markets. Discover the ins and outs of bond yields, especially a tempting 7% in today’s volatile landscape. Get tips on simplifying cryptocurrency investments and maximizing retirement accounts for tax-free growth. Learn how to successfully invest while in school and manage property sales to address debt effectively. A wealth of strategies awaits for anyone eager to boost their financial savvy!

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