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
Aug 1, 2024 • 39min
Q&A: Recasting a Mortgage, Starting an ATM Biz, & Arbitraging Tax Refunds
Robert Croak, a finance expert, and Austin Hankwitz, personal finance guru, tackle intriguing listener questions. They assess the viability of starting an ATM business amid digital trends. The duo offers strategies for investing home equity and discusses smart ways to navigate mortgage recasting. They also delve into how to arbitrage tax refunds and explore wise investment choices for future financial stability. With insights on the S&P 500, they emphasize the importance of strategic planning in building wealth.
Jul 29, 2024 • 44min
75: How the Fed's Rate Cuts Impact Your Money
Explore how the Federal Reserve's rate cuts reshape the financial landscape! Discover effects on the housing and commercial real estate markets, along with the stock market dynamics. Learn about small-cap ETFs and strategies for maximizing income through short calls. Unravel the implications for high-yield savings and personal investments, plus tips for managing high-interest debt. Delve into financial strategies for supporting elderly family members and effective retirement savings for high earners. Get ready to navigate these economic changes!
Jul 25, 2024 • 28min
Q&A: Max My 401(k) or Roth IRA? Making $110K in the Military, & Should I Sell My Stocks?
In this podcast, the hosts answer listener questions on topics such as maxing out Roth IRAs or 401(k)s, helping a dad prepare for retirement, financial advice for a 39-year-old immigrant, buying vs renting for a military member making $110K, and whether to sell stocks after a 100% increase. They also highlight the importance of prioritizing Roth IRAs, providing financial advice for military personnel and stockholders, and discussing investment strategies and opportunities for personal growth.
Jul 22, 2024 • 40min
74: Our Disagreements with Dave Ramsey
Industry veterans Robert Croak and Austin Hankwitz discuss their disagreements with Dave Ramsey, advocating for leveraging good debt, diversifying portfolios with art investments, and giving personal finance tips. They delve into investing for stability, career transitions, and high-yield savings accounts, offering valuable insights for achieving financial freedom.
Jul 18, 2024 • 55min
Q&A: I'm Stuck in an MLM, Tactically How to Start a New Biz, & Buying vs. Leasing a Car
Robert Croak and Austin Hankwitz answer listener questions on starting a new business, MLM struggles, and buying vs. leasing a car. They discuss index fund investments, building a $100,000 investment base, starting a courier business, maximizing Roth contributions, generating passive income, and financial tips for working from home.
Jul 15, 2024 • 35min
73: Building a 7-Figure Empire w/ Jaspreet Singh
Entrepreneur and real estate mogul Jaspreet Singh shares insights on working on the business, growing a real estate empire, quality hiring, investment diversification, managing financial windfalls, and making decisions between upgrading a home and investing in real estate.
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.
