Rich Habits Podcast – Episode 93: Our Biggest Wins of 2024 + Giveaway Announcement
Release Date: December 2, 2024
Hosts: Austin Hankiewicz and Robert Croak
Introduction
In Episode 93 of the Rich Habits Podcast, hosts Austin Hankiewicz and Robert Croak embark on a reflective journey, sharing their most significant wins of 2024. This episode not only highlights their personal and professional achievements but also celebrates the successes of their vibrant community, the Rich Habits Network. The hosts emphasize transparency, offering listeners actionable insights and inspiration as they transition into 2025.
Robert Croak’s AI Investment Triumph
One of the standout discussions in this episode revolves around Robert Croak’s substantial gains in the AI sector. Reflecting on his foresight from 2022, Robert shares how his early investments in AI-related stocks have yielded impressive returns.
Robert (03:15):
"Nvidia for 2024 so far is up 196%. Palantir, which has been ripping, is up 210% so far this year. And then Soundhound... is up 230% so far this year."
Robert attributes his success to being ahead of the curve, emphasizing the importance of anticipating market trends before the masses recognize them. He delves into his strategy for taking profits, advocating a disciplined approach to secure gains while remaining invested for continued growth.
Robert (05:37):
"When I get up 50% in a position, I usually take 25% off, wait till I get up to 50% again, take 25% off and just keep repeating that process."
This methodical strategy allows for risk management while capitalizing on the robust growth of the AI sector. Robert’s insights provide listeners with a practical framework for navigating high-growth investments.
Austin Hankiewicz’s Personal and Business Achievements
Austin Hankiewicz shares a deeply personal win: an invitation to the White House to discuss the student loan crisis with the Biden administration. This experience underscores the podcast’s broader mission to impact financial literacy and policy.
Austin (08:24):
"We got invited to the White House to learn more about the Save Plan and how people who are suffering with hundreds of thousands of dollars of student loans have viable solutions."
Austin recounts how the Save Plan has directly benefited individuals struggling with significant student debt, exemplifying the podcast’s commitment to providing actionable financial strategies. He highlights a personal success story of assisting a friend in managing overwhelming student loans, showcasing the tangible impact of their financial guidance.
Additionally, Austin celebrates the growth and unification of their audiences into the Rich Habits Network, praising the collaborative strength and diverse perspectives that enhance the community’s collective financial acumen.
Austin (12:06):
"The Rich Habits Network is the most rewarding thing for 2024 and beyond for me that I've ever built."
Community Success Stories
A significant portion of the episode is dedicated to celebrating the successes of podcast listeners within the Rich Habits Network. The hosts share heartfelt testimonials, illustrating the profound influence of their financial advice.
Paige M. shares her multifaceted achievements:
- Fired her financial advisor and maximized her IRA.
- Opened a brokerage account and adjusted her 401(k) to track the S&P 500.
- Started investing HSA funds and encouraged her boyfriend to initiate his own IRA.
- Enabled her sister to invest in her children’s accounts, fostering generational wealth.
Robert (24:40):
"Paige is a great example of someone that takes notes and takes action because... people clip all this education but they don't take action."
Connor L. discusses his entrepreneurial and investment milestones:
- Launched two businesses with no prior experience, securing $30,000 in contracts.
- Shifted focus to ETFs, moving away from volatile meme and penny stocks.
- Began contributing to his Roth IRA, prioritizing long-term tax advantages.
Robert (26:44):
"It's so important. And even today I was really mad because I met with someone today that wanted some help and ... they had no exposure to the S P500 in it and it really, really bummed me out."
These stories underscore the podcast’s emphasis on actionable advice and community support, demonstrating how listeners are translating knowledge into substantial financial progress.
Giveaway Announcement: Celebrate Your Wins
In a generous gesture, Austin and Robert announce a special giveaway to honor their listeners’ achievements. They invite listeners to share their significant financial wins achieved through the podcast’s guidance.
Austin (25:24):
"I think that if people listening right now have a big win, they want to share that they achieved because of listening to the Rich Habits podcast to send us an email@richhabitspodcastgmail.com put in the subject line big win."
Three inspiring stories will be selected, with each winner receiving $250, totaling $750. This initiative aims to recognize and reward the community’s dedication to financial growth and discipline.
Looking Ahead to 2025
As the episode concludes, both hosts express excitement for the future, reflecting on their ongoing mission to educate and empower their audience. They envision the Rich Habits Network expanding its impact, helping more individuals achieve financial freedom through disciplined investment and savvy money management.
Robert (30:45):
"Thinking ahead. What is this going to look like in five years when we've been at it that long and thousands and tens of thousands of people's lives have been changed financially and educationally... that's when this gets really, really fun because we're just getting going."
Their commitment to fostering a supportive and knowledgeable community promises continued growth and success for both the hosts and their listeners.
Conclusion
Episode 93 of the Rich Habits Podcast serves as both a celebration and a source of inspiration. Through sharing their biggest wins of 2024, Austin Hankiewicz and Robert Croak not only highlight their personal achievements but also showcase the transformative power of their community’s financial education. With heartfelt testimonials and a generous giveaway, this episode reinforces the podcast’s mission to demystify wealth-building habits and empower listeners to take control of their financial destinies.
Notable Quotes:
- Robert (03:15): "Nvidia for 2024 so far is up 196%. Palantir... up 210%... Soundhound... up 230%."
- Robert (05:37): "When I get up 50% in a position, I usually take 25% off..."
- Austin (08:24): "We got invited to the White House to learn more about the Save Plan..."
- Robert (12:06): "The Rich Habits Network is the most rewarding thing for 2024 and beyond for me that I've ever built."
- Robert (24:40): "Paige is a great example of someone that takes notes and takes action..."
- Robert (26:44): "They had no exposure to the S P500 in it and it really, really bummed me out."
- Austin (25:24): "Send us an email@richhabitspodcastgmail.com put in the subject line big win."
- Robert (30:45): "Thinking ahead... that's when this gets really, really fun because we're just getting going."
This summary encapsulates the essence of Episode 93, providing a comprehensive overview for both seasoned listeners and newcomers to the Rich Habits Podcast.