
Rich Habits Podcast
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 and Thursday 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.
Latest episodes

14 snips
Jan 6, 2025 • 41min
99: Our 5 Favorite Investment Themes for 2025
Discover innovative investment themes for 2025, featuring the rise of humanoid robotics and AI integration. Explore the validity of traditional investment routes and the growing appeal of quantum computing stocks. Tune in for lively discussions sparked by an unexpected cryptocurrency chat during a flight. Emphasize the necessity of building a solid financial foundation before taking risks, and learn about the benefits of diversifying into fine art and collectibles. Get ready to refine your investment strategy with expert insights!

28 snips
Jan 2, 2025 • 38min
98: Getting Rich, Not Looking Rich, in 2025
Discover actionable steps to build real wealth, focusing on saving over the illusion of luxury. Learn the difference between sinking funds and emergency funds to avoid debt. Maximize your Roth IRA contributions for a tax-free retirement, especially in your thirties. Explore strategies to protect your wealth from scams while aligning your investments with personal values. The hosts also delve into ethical investing and the importance of understanding true wealth versus mere richness, offering tips for financial literacy and long-term investment.

20 snips
Dec 30, 2024 • 44min
97: Creating a Millionaire Mindset in 2025
This podcast dives into essential mindset shifts for financial success, highlighting the importance of rich habits. Listeners learn about cultivating a millionaire mindset through vision, discipline, and continuous learning. The discussion includes investment opportunities for 2025, focusing on innovative ETFs and private market real estate. Practical advice is offered for life transitions, including budget management and entrepreneurial pursuits, with insights on buying small businesses and leveraging family support. Exciting plans for the future are teased!

10 snips
Dec 26, 2024 • 36min
Q&A: Delaware Statutory Trusts, Stop-Loss Orders, & VOOG
Delaware Statutory Trusts are examined for their potential as passive income generators, revealing both benefits and downsides like illiquidity. The discussion also weighs renting against buying for medical students, advocating for the former during transitional phases. Stop loss orders are highlighted as essential tools for risk management while promoting a long-term outlook on investments. Additionally, various investment strategies are explored, emphasizing the importance of market comprehension and the advantages of dollar-cost averaging.

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.

13 snips
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!

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.

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.

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!

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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