DeepSummary
The podcast hosts, Austin Hankwitz and Robert Croak, celebrate the one-year anniversary of their podcast, Rich Habits. They reflect on the success of their first episode, 'How to Become the First Millionaire in Your Family,' which received over 500,000 downloads and 2 million impressions on Spotify. They also discuss their most popular episode, 'The Three Simple Steps to Wealth,' which reached the number one spot on the Spotify business chart.
Austin and Robert highlight some of their most notable investment recommendations from the past year, including artificial intelligence stocks like Nvidia, cryptocurrencies like Bitcoin and Ethereum, and index funds like the S&P 500 and Nasdaq 100. They emphasize the importance of building a diverse investment portfolio and understanding one's risk tolerance.
The hosts answer questions from listeners, offering advice on topics such as student loan management, investing in individual stocks versus ETFs, and where to park money set aside for taxes from side hustles. They promote their sponsor, Neos Investments, and encourage listeners to check out Public's new podcast, 'The Rundown.'
Key Episodes Takeaways
- Invest early and consistently to benefit from compound growth.
- Build a diverse investment portfolio aligned with your risk tolerance and financial goals.
- Consider investing in index funds and ETFs as a solid foundation for your portfolio.
- Explore opportunities to generate passive income through investments.
- Manage student loan debt strategically, considering the interest rate and potential for future forgiveness.
- Allocate a portion of side hustle earnings to investments or savings.
- Stay informed about emerging investment trends, such as artificial intelligence and cryptocurrencies.
- Continuously educate yourself on personal finance and investing to make informed decisions.
Top Episodes Quotes
- “And what does that mean? You hear earlier in this episode, we talk about the Roth IRA. And that's where I think you should start. Get the Roth IRA set up in a brokerage account, get a basket of these tech ETFs that you can set yourself up and take the risk out of it from you managing it and you trying to understand it and let the pros do it.“ by Robert Croak
- “You don't want to be one of the people that has to depend on this type of forgiveness in the future to build wealth and live your life. What I mean by that is, if you have $12,000, 10,000, 6000 4000 of student loans hanging around and you've been paying on them for over a decade. I would just really want to encourage you to figure that out differently.“ by Austin Hankwitz
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Episode Information
Rich Habits Podcast
Austin Hankwitz and Robert Croak
2/26/24
It's our birthday! :)
The Rich Habits Podcast is officially 1 year old and we couldn't be more grateful for the continued support each and every one of you give us. Cheers to another 700+ episodes together!
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To learn more about Robert: https://stan.store/RobertJCroak
To learn more about Austin: https://stan.store/austinhankwitz
Contact: richhabitspodcast@gmail.com