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Rich Habits Podcast

Latest episodes

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Nov 7, 2024 • 49min

Q&A: Selling a Business for $2.8M, $2K of Side Hustles in 3 Weeks, & How to Structure Your LLCs

Listeners dive into intriguing topics like selling a business for $2.8 million, uncovering the secrets to wealth building through small business ownership. They explore how to maximize asset protection by structuring individual LLCs while offering practical investment strategies, including Roth IRAs and ETFs. The significance of early investing is discussed, especially with Bitcoin, alongside the importance of disciplined financial planning. Plus, valuable tips on budgeting and engaging families in financial responsibility round out the conversation!
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Nov 4, 2024 • 37min

89: Our Favorite Tax-Saving Strategies for 2024

Join Steve Latham, CEO of DonateStock, as he shares insights on maximizing charitable contributions through stock donations while enjoying significant tax advantages. The discussion dives into effective year-end tax-saving strategies like tax loss harvesting and Health Savings Accounts. Learn how donating appreciated stock can reduce taxable income, making charitable giving more impactful. Plus, discover smart tax strategies for remote workers, including home office deductions, and get tips on wise investments to navigate market volatility.
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Oct 31, 2024 • 45min

Q&A: UPRO vs. VOO, Short-Term Rental Arbitrage, & Covered Calls in an Emergency Fund

The hosts showcase Halloween costumes while sharing savvy investment strategies. They dive into Airbnb arbitrage, teaching listeners how to profit from short-term rentals. Life insurance essentials are covered, including how to calculate necessary coverage. The pros and cons of investing in leveraged ETFs like UPRO versus traditional options like VOO are analyzed, stressing the importance of diversification and liquidity in building wealth. Plus, practical tips on managing home renovations and contractor payments offer valuable insights for homeowners.
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Oct 28, 2024 • 56min

88: Bridging the Gap in Financial Literacy

In this week's episode of the Rich Habits Podcast, we're joined by Shena Ashley! As President of the Capital One ⁠Insights Center⁠, we're thrilled she was able to walk us through the most important statistics of their recent report. Thank you for taking the time to listen to this insightful interview with Shena! We're very excited to continue to share more interviews with incredibly bright and forward-thinking people. Here's a link to their brand new report! --- 💰 Manage your money in the modern-era with ⁠Monarch Money!⁠ Track all of your account balances, transactions, and investments in one place. --- 💥 Don't forget to ⁠watch a replay⁠ of our Q4 Market Forecasting webinar! The managing partners of NEOS Investments joined us, announcing their newest ETF (BTCI)! --- If you like the show, be sure to leave us a 5 star review and share it with a friend :-) thanks! --- ⭐ Download our FREE Budgeting Template – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Earn 5.1% on your savings with a High-Yield Cash Account – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Trade stocks, options, music royalties and crypto on Public – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Get a $35 bonus when you start saving & investing with Acorns – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Automatically buy stock where you shop with Grifin – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Protect your family with term life insurance from Suriance – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Use code “Spotify” for 15% off our 4-module video course – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⭐ Optimize your portfolio with Seeking Alpha – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ --- 👤 Explore everything Austin does – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 👤 Explore everything Robert does – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ❓ Ask us questions for our Q&A episodes – @richhabitspodcast on Instagram 📬 Inquire about working together – christian@witz.vc --- Thanks for listening!
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5 snips
Oct 24, 2024 • 38min

Q&A: Our Favorite Nuclear Stocks, Deferred Compensation, & $203K in SPYI

Dive into a lively discussion on nuclear stocks and the evolving energy market. Discover how high-yield bonds can boost financial returns, with potential yields reaching 6% or more. The episode also explores the nuances of deferred compensation plans and their tax benefits. Unravel the mortgage versus investment dilemma, weighing the pros and cons of early mortgage repayment against investing for growth. With retirement strategies and diverse investment insights, there's plenty to keep your financial ambitions alive!
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Oct 21, 2024 • 53min

87: How to Buy a Business (Step-by-Step)

Discover the steps to purchase cash-flowing small businesses as baby boomers retire. Learn how to define a 'buy box' tailored to your skills and interests. Dive into the importance of due diligence and effective negotiation tactics. Explore the roll-up strategy employed by private equity to maximize profitability. Get insights on using financial tools for budgeting and tax optimization. Plus, essential tips for first-time homebuyers to ensure a smart investment.
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Oct 17, 2024 • 42min

Q&A: Paying for Infertility Treatments, Living at Home at 28, & Launching a Consumer Product

The hosts tackle pressing listener questions about paying for infertility treatments, sharing emotional yet practical insights. They also delve into the nuances of launching a consumer product, emphasizing the importance of market research and planning. Young adults living at home while managing student debt are discussed, balancing immediate financial needs with future investments. Additionally, strategies for effective family communication in business are explored, alongside tips for diversifying investment portfolios in fluctuating markets.
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Oct 14, 2024 • 52min

86: Building a $100B Company (Shopify) w/ Harley Finkelstein

In this engaging discussion, Harley Finkelstein, President of Shopify and key player in the company's rise to a $100 billion valuation, shares invaluable insights on entrepreneurship. He emphasizes the importance of personal connections and the concept of having '1,000 true fans.' Harley explores lean entrepreneurship and how Shopify empowers new business owners with innovative tools. He highlights the benefits of approaching business with creativity over capital and discusses the promise of AI in optimizing online ventures, all while navigating the evolving digital landscape.
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Oct 10, 2024 • 38min

Q&A: How to Find Old 401(k)s, Driving a $57K Truck, & Graduating w/ $250K in Student Loan Debt

The hosts tackle listener questions about managing vacation expenses while pursuing financial success. They explore investment strategies for vacation rentals, discussing tax implications and market analysis. Valuable insights are shared on balancing student loans and home buying, as well as tips for financial stability for recent graduates. Frugality is emphasized, with advice on savings and avoiding lifestyle inflation. Finally, strategies for tax-efficient property acquisition through 1031 exchanges are covered, alongside the inspiring growth of their community network.
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4 snips
Oct 7, 2024 • 40min

85: Side Hustles for Busy People (including Parents)

Discover flexible side hustles perfect for busy parents juggling jobs and family life. Explore how delivery apps and the gig economy provide extra income opportunities. Learn about trending pet care jobs like dog walking. Gain insights on setting achievable financial goals and effective time management. Delve into financial strategies for short-term rentals and the importance of emergency funds. This engaging discussion highlights practical steps to achieving financial freedom while balancing a busy lifestyle.

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