Rich Habits Podcast

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.

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.

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.

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!

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

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!

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.

In this week's episode of the Rich Habits Podcast, Robert and Austin answer your questions! --- 💰 Join 300+ members of the ⁠Rich Habits Network, click here!⁠ --- 👉 Public is your one-stop-shop for all things investing! Crypto, bonds, T-bills, stocks, and more. Be sure to sign up at ⁠⁠⁠⁠Public.com/richhabits⁠⁠⁠⁠ --- 👉 Join 45,000+ other investors and subscribe to the ⁠⁠⁠⁠Rich Habits Newsletter!⁠⁠⁠⁠ New editions published every Thursday. --- ⭐ 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 ⭐ 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 --- Disclosures: Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Characteristics and Risks of Standardized Options⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more. For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Fee Schedule⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠public.com/#disclosures-main⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for more information. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See ⁠⁠⁠⁠⁠⁠⁠public.com/#disclosures-main⁠⁠⁠⁠⁠⁠⁠ for more information. Alpha is an experiment brought to you by Public Holdings, Inc. (“Public”). Alpha is an artificial intelligence investment exploration tool powered by GPT-4, a generative large language model offered by OpenAI. Given that Alpha is an experimental technology, it may sometimes give inaccurate or inappropriate information. Any output generated by Alpha is not and should not be construed as investment research, investment advice, or a recommendation to buy or sell a security, nor should any output serve as the basis for any investment decisions. We strongly recommend that you independently evaluate and verify the accuracy of any Alpha output for your use case. Additional information and disclosures at⁠⁠⁠⁠⁠⁠⁠ https://public.com/alpha.⁠⁠

In this engaging discussion, Robert Croak, a passive income expert, and Austin Hankwitz, an insightful investor, share strategies for optimizing yield in investment portfolios. They explore the power of Real Estate Investment Trusts (REITs) in today’s economy, especially with expected interest rate cuts. Listeners will learn about maximizing investments through high-yield ETFs and the importance of building a solid financial foundation before diving into riskier assets. This conversation is packed with practical tips for navigating the evolving landscape of passive income.

Robert Croak, an expert in personal finance, joins Austin Hankwitz, a retirement investing authority, for a deep dive into wealth-building strategies. They discuss the importance of networking in enhancing financial success. Key insights include optimizing High Deductible Health Plans through HSAs, savvy real estate investment strategies, and the intricacies of high-earning retirement accounts like backdoor Roth IRAs. They also touch on market reactions during recessions, stressing stability over prediction, and practical debt management tips for savvy investing.