
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

9 snips
Jan 16, 2025 • 41min
Q&A: 10-Years in Prison, $3.4M Mortgage, & Becoming a Millionaire Firefighter
Dive into an engaging Q&A session tackling personal finance and investment strategies. Discover how to balance debt repayment while strategically investing, especially for those in their 20s. Learn about the importance of delayed gratification and optimizing retirement savings with Roth IRAs. Explore financial growth through home equity and smart investment tactics. Navigate the complexities of business acquisitions and retirement financial decisions, all while emphasizing community support and sharing experiences for a brighter financial future.

13 snips
Jan 13, 2025 • 31min
100: Our 2025 Market Predictions
In this insightful discussion, the hosts predict a challenging investment landscape for 2025, while anticipating a rebound in the IPO market. They explore the peak of the crypto bull market and the need for diversification strategies. A new ETF and digital financial tools are introduced to help navigate volatility. Listeners hear valuable tips on balancing investments with debt repayment. Celebrating their milestone, the duo encourages spreading the word about their journey toward financial freedom.

12 snips
Jan 9, 2025 • 41min
Q&A: Investing $200K of RSUs, Buying a Failing Biz, & $1.4M Net Worth at 34
Listeners dive into investing strategies, debating large mortgage down payments versus keeping cash invested. The hosts share insights on managing complex portfolios, including real estate and retirement planning. They also emphasize reevaluating financial advisors and the merits of low-cost index funds. With a focus on personal finance education, the discussion hints at opportunities in cryptocurrency and pre-IPO investments. Plus, the importance of building a supportive financial community is highlighted throughout.

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.