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Rich Habits Podcast • Austin Hankwitz and Robert Croak

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.

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Rich Habits Podcast • Austin Hankwitz and Robert Croak

Episodes

  • 56: The 3 Phases of Building Financial Freedom

    In the latest installment of the Rich Habits Podcast, join host Austin Hankwitz as he engages with guest speaker Robert Croak to explore the strategic journey towards achieving financial independence. Croak breaks down the pursuit of economic autonomy into three distinct stages, each focusing on different tactics designed to progressively build a base for lasting financial freedom. From the ground up, listeners are guided on how to establish a firm financial footing, leverage their present resources, and navigate the multifaceted world of income diversification.

    During the conversation, Hankwitz and Croak offer insights starting with the importance of increasing one’s net worth by elevating income and managing debt, to carefully planning an investment strategy that seeds the growth of passive income. The podcast traverses into the significance of an emergency fund, the roles of budgeting and financial literacy, and onto the virtues of diversification across businesses, cryptocurrencies, and real estate. Aspiring to progress from a budget-conscious to an abundance-minded lifestyle, the speakers provide actionable advice on how to frame a life that balances financial stability with pleasure and continued growth.

    Mar 18, 2024

  • Q&A: Doubling My Income, Life Insurance, and SEP IRAs

    In the latest installment of the Rich Habits Podcast, finance enthusiasts Austin Hankwitz and Robert Croak delve into an array of strategies to help listeners secure their financial futures. The episode kicks off with a discussion on why it's essential to keep a close eye on net worth. Both experts agree that frequent monitoring is key to grasping one's financial health and preparing for what lies ahead. They debate the merits of different intervals for tracking progress and bust myths about assets and debt, outlining the true indicators of financial well-being.

    Further into the conversation, Hankwitz and Croak share actionable advice targeted at young investors eager to set themselves up for prosperity. From maximizing tax benefits with a Roth IRA to the wisdom of compound interest, they reveal how to create a robust investment framework. The podcast also confronts the pitfalls of lifestyle inflation and debt, highlighting the importance of having solid financial foundations like an emergency fund in place. With unique perspectives on handling windfall gains, the duo provides listeners with pragmatic approaches on how to transform sudden financial boosts into opportunities for long-term wealth creation.

    Mar 14, 2024

  • 55: How We Find, Analyze, and Secure New Investments (Startups, Small Biz, & Stocks)

    Dive into the intricate world of investment strategies with the latest episode of Rich Habits Podcast, featuring finance aficionados Austin Hankwitz and Robert Croak. In an insightful discussion, these seasoned investors unpack the process of identifying, analyzing, and securing lucrative opportunities across various fields, from the fast-paced arena of startups to the more traditional realm of cash-flowing small businesses and individual stocks. Listeners will gain a glimpse into the art of finding promising pre-IPO companies, the savvy required to buy and assess small businesses, and the techniques for discovering and evaluating profitable stock options through Exchange-Traded Funds (ETFs).

    The conversation transitions to building a diversified and balanced portfolio, where Hankwitz and Croak detail their methods for blending dividend growth and high-growth stocks to foster financial stability and growth potential. They emphasize the importance of maximizing retirement account contributions as a cornerstone of one's investment approach, while also exploring the burgeoning field of cryptocurrency investments, including staking through platforms like Coinbase. With insights from these professionals, potential investors are mentored on creating a robust portfolio designed to withstand market fluctuations and trends.

    Mar 11, 2024

  • Q&A: Buying a Vending Machine, Wholesaling, and Selling an Invention

    Dive into the ever-evolving world of investing with the latest episode of the Rich Habits Podcast, featuring insights from financial gurus Austin Hankwitz and Robert Croak. In a conversation that demystifies modern trading mechanisms, they shed light on Public.com's new options trading feature—one designed to cut the usual costs significantly. Customers who join by a specified deadline stand to gain a substantial lifetime revenue share rebate, an opportunity that underscores the importance of staying informed about progressive financial tools.

    Moreover, the episode becomes a treasure trove of advice for listeners with varied financial queries, from the basics of financial planning to nuanced investment strategies. Providing practical guidance, Hankwitz and Croak dive into retirement planning with recommendations for IRA funding and index fund investments, balanced with insights on managing investment fees and 401k allocations. They also cater to inventors like John D, illustrating the route from product conception to market entry. This guidance is invaluable for anyone looking to refine their financial and business acumen, as it offers a blend of expertise and actionable steps towards achieving a secure and profitable financial portfolio.

    Mar 7, 2024

  • 54: Our Bitcoin Profit-Taking Strategies

    Dive into the Rich Habits Podcast for a wealth of knowledge with investment guides Austin Hankwitz and Robert Croak as they tackle the intricacies of managing Bitcoin profits, handling student loan debt, and constructing a fortified retirement portfolio. In an arena where Bitcoin has soared to new heights, they provide a practical blueprint for investors to secure their earnings strategically. Listen as Croak underscores the value of a methodical exit from cryptocurrency positions, while Hankwitz prepares listeners for the taxman by advocating the wise management of capital gains.

    Crossing into the sphere of debt management and future planning, the duo shares essential strategies to battle student loan debts without halting the investment journey. Hear how to blend the avalanche method with wise investing techniques to optimize financial outcomes. And when it comes to building a bedrock for your golden years, our experts shed light on combining traditional index funds with innovative investment platforms to achieve a diversified income stream designed for an early and comfortable retirement. Join the Rich Habits Podcast for these insights and more, to take control of your financial destiny.

    Mar 4, 2024