Rich Habits Podcast
Austin Hankwitz and Robert Croak
Embark on a journey towards financial enlightenment with the "Rich Habits Podcast," hosted by Austin Hankwitz and Robert Croak. This enlightening series dives deep into the strategies and habits that can help anyone build wealth and live a richer life. Each episode features thought-provoking discussions, expert insights, and real-life examples from seasoned entrepreneurs and financial experts. Austin and Robert break down complex financial concepts into actionable advice, empowering listeners to make smarter financial decisions and develop habits that lead to long-term success. Whether you're starting from scratch or looking to refine your financial strategies, "Rich Habits Podcast" offers invaluable resources. From investing and saving to earning and spending wisely, Austin and Robert cover a broad spectrum of topics, ensuring there's something valuable for everyone. Tune into their podcast to transform your financial habits and pave your way to financial freedom and prosperity.
Episodes
Q&A: Growth vs. Income, $100K of Student Loans, and the Pros & Cons of Real Estate Investing
In this comprehensive episode, hosts Austin Hankwitz and Robert Croak tackle listener questions on a range of financial issues, from investment strategies in ETFs to handling substantial student loans and exploring real estate investment options. They offer actionable advice on budgeting, the benefits of diverse investment portfolios, and strategies for maximizing income through various financial instruments. Key discussions include the advantages of Roth IRAs, the impact of stock splits on ETFs, and detailed insights into effective budget management and investment in high growth versus high income ETFs.
66: The Financial Playbook for Recent Graduates
In this engaging episode of the Rich Habits podcast, hosts Austin Hankwitz and Robert Croak share essential financial guidance for recent graduates entering what they term the "defining decade" of their lives. The duo emphasizes the importance of making smart financial decisions early to secure a prosperous future. They discuss actionable financial steps like starting a Roth IRA, investing in the stock market, and avoiding high-interest debt. Furthermore, they explore effective strategies for real estate investment, such as house hacking, and underscore the significance of budgeting and financial planning. Throughout, the hosts interlace their advice with personal anecdotes and professional insights, making complex financial concepts accessible and actionable.
Q&A: Handling a $100K Salary, Investing with $50 / Month, and Downsizing
In this engaging Q&A session of the Rich Habits podcast, hosts Austin Hankwitz and Robert Croak offer personalized financial advice based on listener queries. Topics span handling a $100K salary, investing with as little as $50 per month, and optimizing assets and investments when considering downsizing in retirement. The hosts delve into practical investment strategies, the power of compound interest, and effective financial planning to set up solid financial futures and handle significant assets like real estate and mineral rights.
65: EXCLUSIVE Interview w/ BlackRock (Bitcoin ETF)
In this pivotal episode of the "Rich Habits Podcast," hosts Austin Hankwitz and Robert Croak delve deep into the world of Bitcoin ETFs with Jay Jacobs, the head of thematic and active ETFs at BlackRock. The discussion centers on BlackRock's innovative spot Bitcoin ETF, exploring its swift rise in the market, strategic advantages, and the broader impact on the investment landscape. They cover the ETF's record-setting growth, investor preferences, and the educational initiatives BlackRock has implemented to better inform potential investors about this volatile yet burgeoning asset class. The episode provides an in-depth look at how ETFs like IBIT are bridging traditional finance with digital assets, highlighting the role of BlackRock's expertise in the ETF space and their partnership with Coinbase for secure asset custody.
Q&A: $100K / Year in Passive Income, QQQM vs. QQQ, and House-Hacking
In this Q&A session on the Rich Habits podcast, hosts Austin Hankwitz and Robert Croak answer listener queries about financial strategies to reach a $100K/year passive income, the differences between ETFs QQQM and QQQ, and the benefits of house-hacking. They delve into the specifics of various investment strategies, discuss the advantages of ETFs for diversifying income sources, and share personal experiences and practical advice for real estate investments, particularly focusing on the potential of house-hacking to significantly reduce living expenses and increase passive income.
64: How to Hedge Your Portfolio (TACK) w/ Katie Stockton
In this engaging episode of the Rich Habits podcast, hosts Austin Hankwitz and Robert Croak dive deep into the nuances of technical analysis with guest expert Katie Stockton. They explore how technical analysis can significantly aid investors in managing their portfolios more effectively. The discussion illuminates how these techniques help in recognizing market trends and momentum, thereby enabling better investment decisions. The highlight of the episode is the introduction of the TAC ETF, designed by Katie's firm, which strategically utilizes sector rotation and asset allocation to mitigate risks during market downturns.
Q&A: Book Recommendations, Stocks That Go To Zero, and Spending $7M to Buy Out a Family Member
Austin Hankwitz and Robert Croak tackle listener queries in this detailed episode of the Rich Habits podcast. Topics range from practical advice on whether to rent or buy a home, to deep dives into investment strategies like tax loss harvesting and index funds. The co-hosts also discuss the ramifications of buying into real estate and other investment vehicles under current market conditions. Additionally, they provide book recommendations for those keen on enhancing their financial literacy and understanding of the market. The episode is rich with expert advice aimed at educating listeners on building wealth and making informed financial decisions.
63: These 3 Mindset Shifts Will Make You a Millionaire
In this insightful episode of the Rich Habits podcast, hosts Austin Hankwitz and Robert Croak discuss the mental barriers that often hinder financial success. They delve into the significance of overcoming fear of missing out (FOMO), the value of delayed gratification, and the importance of staying calm during market volatility. The episode provides a blend of personal anecdotes and practical advice, emphasizing the psychological aspects of wealth building. The discussion is framed around the hosts' experiences and is aimed at both young investors and seasoned entrepreneurs, making it a compelling listen for anyone interested in personal finance and investment strategies.
Q&A: Opening a Franchise, Selling a New Product, and Income-Producing Assets
In this interactive episode, hosts Austin Hankwitz and Robert Croak address diverse financial queries from their listeners. They discuss strategies for managing investments, such as handling Roth IRAs and leveraging assets like franchises and condos. Austin and Robert provide concrete advice on optimizing investment returns, understanding tax implications, and making informed financial decisions. The discussion extends to personal anecdotes and real-life examples, highlighting best practices in personal finance and entrepreneurship. The episode concludes with a focus on actionable insights that listeners can apply immediately to enhance their financial wellbeing.
62: The Top 3 Wealth-Killers in America
In "The Top 3 Wealth-Killers in America," hosts Austin Hankwitz and Robert Croak confront common financial myths that can derail personal wealth accumulation. They emphasize simplicity in investment portfolios, debunk the necessity of substantial initial investments, and address the lack of financial education. With their contrasting experiences, Hankwitz and Croak provide a dynamic exploration of wealth management strategies aimed at both novice and seasoned investors. Their discussions are infused with actionable advice, encouraging listeners to start small and remain disciplined, debunking fears and misconceptions along the way. They also highlight the accessibility of financial tools and the importance of financial literacy for effective wealth building.
Q&A: Austin & Robert's Worst-Ever Investments, War Time Investing, and Solo 401(k)s
Austin Hankwitz and Robert Croak host a comprehensive Q&A session on the "Rich Habits" podcast, addressing listener queries about financial decisions in times of war, cryptocurrency investments, and retirement strategies like Solo 401(k)s. The hosts share personal anecdotes about their worst investments and provide advice on asset diversification during uncertain times. They also discuss the potential of Solo 401(k)s for maximizing retirement contributions and detail strategies for investing in cryptocurrencies. Key insights are offered on maintaining investment portfolios in fluctuating markets and leveraging personal finance tools to enhance financial stability.
61: Three Reasons the Stock Market Could Go Down in 2024
In this enlightening episode of the Rich Habits Podcast, hosts Austin Hankwitz and Robert Croak analyze three critical economic signals that could lead to a downturn in the stock market in 2024. The duo starts by discussing the recent acceleration of inflation, largely driven by governmental economic interventions during the COVID-19 pandemic and subsequent reactive policies by the Federal Reserve. They delve into the Fed's aggressive interest rate hikes and the uncertain timeline for rate reductions, which could further stress the financial markets. Additionally, the hosts cover the impact of ongoing geopolitical conflicts on economic stability, highlighting how these factors interplay to influence investor sentiment and market dynamics.
Q&A: Putting $1.6M of "Dead Equity" to Work, Selling Single Stocks, and VYM
In this episode of the Rich Habits podcast, hosts Austin Hankwitz and Robert Croak tackle listener queries about financial decisions and investment strategies. Topics range from the effectiveness of high-yield savings accounts to the complexities of managing "dead equity" in real estate. The hosts provide detailed advice on investment diversification, emphasizing the importance of ETFs, especially for dividend growth investing. The discussion also explores practical financial maneuvers like transferring investments from single stocks to index funds to mitigate risk and enhance portfolio performance.
60: What To Avoid When Picking a Financial Advisor in 2024
Hosts Austin Hankwitz and Robert Croak discuss critical aspects of selecting a financial advisor in 2024. They focus on understanding fee structures, choosing between fiduciary and non-fiduciary advisors, and the consequences of investing in underperforming financial products. The episode is rich with examples and comparisons, such as the cost implications of different advisor fee models and the performance of various investment products. The conversation also covers the potential benefits and drawbacks of using robo-advisors for newer investors and the advantages of ETFs over traditional mutual funds due to their lower costs and tax efficiency.