70: Finding an Extra $2,000 / Year to Invest
06/24/24 • 43 min
In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz flip things around. Instead of talking about setting your family up for generations or optimizing your tax situation, they instead wanted to cater an entire episode around the person who's living paycheck to paycheck and trying to dig themselves out of a hole.
Personal finance is personal. We all have a unique relationship with money. Some people have it in abundance, others work countless hour every week to earn it.
Regardless of your situation, we hope this episode can help you find an extra $2,000 / year to either begin paying down that high-interest credit card debt or kick-off your investing journey.
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Don't forget to subscribe to the new Rich Habits Newsletter! 2,900 of you already have since it's launch only 5 weeks ago :) thank you!
---
Sign up for Blossom, the social investing app:
https://blossomsocialapp.page.link/richhabitspodcast
---
⭐ 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 – [email protected]
In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz flip things around. Instead of talking about setting your family up for generations or optimizing your tax situation, they instead wanted to cater an entire episode around the person who's living paycheck to paycheck and trying to dig themselves out of a hole.
Personal finance is personal. We all have a unique relationship with money. Some people have it in abundance, others work countless hour every week to earn it.
Regardless of your situation, we hope this episode can help you find an extra $2,000 / year to either begin paying down that high-interest credit card debt or kick-off your investing journey.
---
Don't forget to subscribe to the new Rich Habits Newsletter! 2,900 of you already have since it's launch only 5 weeks ago :) thank you!
---
Sign up for Blossom, the social investing app:
https://blossomsocialapp.page.link/richhabitspodcast
---
⭐ 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 – [email protected]
Previous Episode
Q&A: $320K of Student Loans, Broke Boyfriend, and $300K of Google Stock
In this episode of the Rich Habits Podcast, Robert and Austin answer your questions!
- How do I talk to my boyfriend about money?
- Should I rollover my old 401(k)?
- How do I pay for $320K worth of tuition?
- We have $300K in Google, time to diversify?
- Do I buy my dream home?
- Where do I buy altcoins?
- Is the market going to crash?
---
Subscribe to the Rich Habits Newsletter, click here!
---
Public has finally launched options trading on their platform! To create an account and begin trading options, click here!
---
⭐ 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 – [email protected]
---
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.
Next Episode
Q&A: Retirement Investing as an Entrepreneur, Cashing out the 401(k), & Co-Signing Student Loan Debt
In this week's episode of the Rich Habits Podcast, Robert and Austin answer your questions!
- How should I split my 401(k) between Blue Chip funds and Target Date funds?
- Should I pay off student loan debt or invest?
- What are my retirement investing options as a real estate agent in Tampa, FL?
- How do I increase my passive income if I get laid off at work?
- I want to cash out my 401(k) to invest in real estate, is this a good idea?
- How am I taxed on SPYI and QQQI?
---
Subscribe to the Rich Habits Newsletter, click here!
---
Public has finally launched options trading on their platform! To create an account and begin trading options, click here!
---
⭐ 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 – [email protected]
---
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.
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