125: The Habits That Made Our First $1M - podcast episode cover

125: The Habits That Made Our First $1M

Jul 07, 202538 minSeason 12Ep. 6
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Summary

Robert Croak and Austin Hankwitz share their top three habits for building and maintaining millions in net worth: meticulously tracking finances, actively planning one's life rather than drifting, and practicing intentional frugality. They emphasize that while income is important, strategic habits are crucial for long-term wealth accumulation and offer advice to listeners on getting ahead, including managing debt and making joint financial decisions as a couple. The hosts provide frameworks for listeners to apply these principles to their own financial journeys and answer specific listener questions about investing and major purchases.

Episode description

In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share their favorite three habits they depended on when building their first $1M in net worth.

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📬 Inquire about working together – christian@witz.vc

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Disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 7/7/25, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Fee Schedule⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://public.com/disclosures/bond-account⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more.

Hankwitz Group LLC has an existing business relationship with NEOS Investment Management LLC. The opinions expressed are those of the author, and the author owns several NEOS ETFs.

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