Rich Habits Podcast
Austin Hankwitz and Robert Croak
Introducing the Rich Habits Podcast — a financial literacy podcast for anyone ready to take back control of their money by implementing new habits.
Join Robert Croak and Austin Hankwitz every Monday, Thursday, and Friday as they demystify the financial habits of the rich, share their own mistakes and shortcomings, and lay out the blueprint for you to succeed with money.
Robert is a decamillionaire with 30+ years of business experience and $200M+ of company exits under his belt, while Austin is an entrepreneur in his 20s eager to learn.
Join Robert Croak and Austin Hankwitz every Monday, Thursday, and Friday as they demystify the financial habits of the rich, share their own mistakes and shortcomings, and lay out the blueprint for you to succeed with money.
Robert is a decamillionaire with 30+ years of business experience and $200M+ of company exits under his belt, while Austin is an entrepreneur in his 20s eager to learn.
Episodes
Mentioned books
Jul 11, 2024 • 37min
Q&A: $500K in Savings, Defining High Interest Debt, & the Best Way to DCA
Topics include converting IRA to Roth, managing $500K in savings, defining high interest debt, allocating $120K across investments, DCA lump sum investing, and advice for someone making $10K/month. Offers insights on optimizing investments, diversification, index funds, and responsible debt usage. Emphasizes financial discipline, early planning, and avoiding lifestyle inflation. Discusses the benefits of dollar-cost averaging and making wise investment choices for a secure financial future.
6 snips
Jul 8, 2024 • 42min
72: Financial Checklist for Parents (Current & Future)
A financial checklist for parents is discussed, emphasizing the importance of early planning for children's financial future. Topics include custodial brokerage accounts, 529 plans, high-yield savings, and managing expenses. Strategies for maximizing savings, retirement planning, and investing in the S&P 500 are also covered.
Jul 4, 2024 • 50min
Q&A: Buy a House or Build My Base, 7% 401(k) Match, & Selling a Business for $1.5M
Financial experts Robert Croak and Austin Hankwitz answer pressing questions on house buying, 401(k) matches, single stocks, options trading, and selling a business for $1.5M. They discuss the importance of a solid financial foundation, maximizing investments, and managing debt wisely for long-term wealth building. The episode also highlights exclusive investment opportunities within the Rich Habits Network.
Jul 1, 2024 • 44min
71: The #1 Cause of Bankruptcy in the USA
Robert Croak and Austin Hankwitz discuss aging parents, personal traumas, and the #1 cause of bankruptcy in the USA on the Rich Habits Podcast. Topics include long-term care insurance, personalized financial planning, maximizing 401k contributions, retirement strategies, and supplementing income for a comfortable retirement.
Jun 27, 2024 • 41min
Q&A: Retirement Investing as an Entrepreneur, Cashing out the 401(k), & Co-Signing Student Loan Debt
In this episode, the hosts discuss retirement investing options, splitting 401(k) funds, cashing out for real estate, increasing passive income, and tax implications of investments like SPYI and QQQI. They also touch on co-signing student loans and offer insights on optimizing investment strategies, generating consistent income, and diversifying income streams for financial stability.
Jun 24, 2024 • 44min
70: Finding an Extra $2,000 / Year to Invest
In this podcast, the hosts focus on helping listeners find an extra $2,000/year to invest by sharing practical tips on saving money, cutting expenses, and starting small with investments. They discuss decluttering, insurance shopping, and maximizing financial opportunities, emphasizing the importance of taking action on financial advice. The podcast also covers investment strategies for young investors, including ADUs, Roth IRAs, and Nios ETFs for long-term growth.
Jun 20, 2024 • 45min
Q&A: $320K of Student Loans, Broke Boyfriend, and $300K of Google Stock
Topics covered in this podcast include managing financial differences in relationships, investing strategies, handling student loan debt, diversifying investments, market predictions, and decision-making on real estate. Listeners seek advice on discussing money matters with partners, rolling over 401(k)s, paying $320K tuition, diversifying a $300K Google stock, buying dream homes, purchasing altcoins, and anticipating market crashes.
11 snips
Jun 17, 2024 • 43min
69: This Episode Will Save You Thousands (Seriously)
The CEO of Frec.com joins the hosts to discuss direct indexing and tax loss harvesting for wealth building. They share insights on maximizing gains through investing in blue-chip art, launching products, diversifying passive income, and utilizing wealth-building tools like high-yield cash accounts and stock trading platforms.
Jun 13, 2024 • 36min
Q&A: Stuck in a Real Estate Investment, 3X Leverage ETFs, & HELOCs to Invest
This episode of the podcast covers a range of financial topics such as return assumptions, adding Bitcoin to Roth IRA, Section 121 tax exclusion, HELOCs for investing, leveraged ETFs, and selling investment properties. The hosts provide insights on investment strategies, tax advantages, passive income, and the risks involved in financial decisions.
Jun 10, 2024 • 35min
68: Financial Concepts You Need to Know
Explore essential financial concepts such as dividend reinvestment, savings rate vs. rate of return, and net income vs. free cash flow. Learn how dividends contribute to investment returns and the benefits of reinvesting them for long-term growth. Understand the importance of focusing on actual cash flow for investing decisions and utilizing tax breaks for company growth. Discover strategies for achieving financial independence through investments, including paying off student loans, setting up emergency funds, and diversifying investments in high yield savings accounts, Roth IRA, passive income ETFs, and cryptocurrency.
