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Rich Habits Podcast

Latest episodes

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5 snips
Oct 3, 2024 • 41min

Q&A: Escaping Student Loans, Owning a Dog Grooming Business, & Dividend Investing

Listeners dive into the world of dividend investing and discover effective portfolio-building strategies, including the popular SCHD ETF. Key insights on managing business profits and retirement planning reveal critical financial tactics. The discussion highlights the benefits of Roth IRAs for tax-free earnings and offers refinancing tips for student loans. Practical advice is shared on maximizing summer breaks with side hustles, emphasizing the importance of investing for long-term stability and growth.
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Sep 30, 2024 • 34min

84: How to Escape Living Paycheck to Paycheck

Many high earners still struggle with living paycheck to paycheck. The hosts share actionable tips on creating a detailed budget and the importance of debt repayment. They discuss enhancing income through side hustles and making sacrifices for financial stability. A young listener seeks advice on investing in real estate, highlighting the need for a strong financial foundation. The concept of positive arbitrage is explored, emphasizing long-term strategies and risk acceptance in investing.
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Sep 26, 2024 • 38min

Q&A: $230K Income Living Paycheck to Paycheck, 15 vs. 30-Year Mortgages, & How Inflation is Calculated

Get ready for a deep dive into effective budgeting strategies, even if you're living paycheck to paycheck on a $230K income. Discover the impact of inflation and rising food costs, along with the importance of understanding mortgage options. The hosts also tackle interest rates and retirement strategies, discussing the nuances of IRA conversions. Plus, learn about high bond yields and innovative investment opportunities like SpaceX. It's a treasure trove of insights for managing your finances and boosting your investment knowledge!
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Sep 23, 2024 • 40min

83: Is Art Investing Legit?

Scott Lynn, CEO of Masterworks and art investment expert, joins the discussion on art as a unique asset class. He highlights the historical returns of contemporary artwork, emphasizing its low correlation with traditional investments. The conversation dives into sourcing and storing high-value pieces, as well as the impact of blockchain technology on liquidity in the art market. Scott also discusses the growing demand for mid-career artists and offers insights for potential investors looking to diversify their portfolios into this fascinating field.
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Sep 19, 2024 • 38min

Q&A: $1.2M and "Broke," the Rat Race of Leasing, and Finding Balance w/ Investing and Spending

Discover how to navigate the high-stakes bond market and tackle personal financial challenges. Learn strategies for managing expenses while being cash poor but asset rich. Uncover the differences between disciplined investing and speculative behavior, and get insights on retirement planning. The hosts also share valuable tips for maximizing real estate investments and emphasize the importance of community engagement in achieving financial goals.
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11 snips
Sep 16, 2024 • 38min

82: How to Buy Real Estate Like a Pro

Joining the conversation are Robert Croak, a real estate investment expert, and Austin Hankwitz, a property buying strategist. They share six essential tips for smart real estate purchases, emphasizing the importance of fair pricing and thorough market research. Listeners learn about personal financial readiness and the necessity of emergency funds for homeowners. The duo also discusses disciplined saving strategies for building wealth and the intricacies of managing finances before marriage, shedding light on how communication can pave the way for financial harmony.
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Sep 12, 2024 • 37min

Q&A: Stock Lending, Power of Attorney, and Buying a Home in Cash

The hosts dive into smart investment strategies, stressing the importance of a high-yield bond account and diverse options for stability. They also discuss estate planning, emphasizing trusts over wills and tax advantages. Homebuyers are guided through mortgage affordability and cash purchases. The conversation highlights the value of diversification, with lessons from past financial crises. Additionally, they explore stock lending and personalized financial strategies, all while sharing personal finance pitfalls to avoid. Tune in for insightful tips!
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Sep 9, 2024 • 44min

81: The Business of Pro Sports w/ Paul Rabil

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz interview Paul Rabil about his journey as both an accomplished athlete and entrepreneur. ⭐️ Visit Paul's website: ⁠https://paulrabil.com/⁠ --- ⭐️ Join 443 other podcast listeners who've already subscribed to the Rich Habits Network! ⁠https://www.skool.com/richhabitsnetwork/about ⁠ --- ⭐️ Subscribe (for free) to the Rich Habits Newsletter. New commentary and analysis on the markets and the economy every Thursday morning! ⁠https://richhabits.beehiiv.com/⁠ --- ⭐️ Sign up for Blossom, a new social investing app with over 150,000+ investors! Be sure to follow Robert's portfolio :) ⁠https://www.blossomsocial.ca/⁠ --- ⭐️ Subscribe to Moby for monthly stock ideas and timely market analysis! ⁠https://www.moby.co/⁠ --- ⭐ 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
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Sep 5, 2024 • 46min

Q&A: Tax-Free Income for Kids, Our Frugal Life Hacks, & Franchise Dos and Don'ts

Dive into savvy financial strategies as the hosts tackle tax-free income for kids and explore effective ways to navigate tough mortgage decisions. Discover high-yield investment opportunities beyond traditional 401(k)s, while learning about the risks of private money lending. Techniques for managing cash reserves and smart living without breaking the bank are shared, along with personal anecdotes that highlight the importance of strategic decision-making. Join a community focused on enriching financial education and well-being!
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12 snips
Sep 3, 2024 • 53min

80: How To Be Intentional With Your Money

Jesse Mecham, founder of the popular budgeting app You Need A Budget, shares his insights on intentional money management. He discusses the importance of transparency in budgeting and reflects on his journey developing flexible budgeting methods. The conversation dives into proactive financial decision-making, emphasizing the need for a serious approach to personal finance, and explores common pitfalls in retirement investing. Mecham also highlights the significance of diversification to enhance financial stability and confidence.

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