Rich Habits Podcast cover logo

59: How to Generate Your First $1,000 of Passive Income

23m · Rich Habits Podcast · 08 Apr 09:15

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share their simple strategy that anyone can implement regarding passive income.

The ETFs mentioned in the call include: SPYI and QQQI

--- To check out Robert's first event, The Money Mindset Wealth Building Summit, click here!

To watch the webinar's replay, click here!

Download our FREE Budget Template, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

To learn more about Robert: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://stan.store/RobertJCroak⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

To learn more about Austin: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://stan.store/austinhankwitz⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Contact: [email protected]

The episode 59: How to Generate Your First $1,000 of Passive Income from the podcast Rich Habits Podcast has a duration of 23:01. It was first published 08 Apr 09:15. The cover art and the content belong to their respective owners.

More episodes from Rich Habits Podcast

Q&A: Book Recommendations, Stocks That Go To Zero, and Spending $7M to Buy Out a Family Member

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

  • Should I buy a house or continue to live with my parents?
  • Do you have any book recommendations?
  • I'm about to get a $21K bonus, what do I do with it?
  • Will SPYI or QQQI ever go to $0?
  • Should I max out my Roth 401k?
  • I want to buy out my uncle for $7M, what do I do?

---

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!

---

Watch the replay of the Direct Indexing Webinar with Frec, 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

⭐ ⁠⁠⁠Listen to Public's new daily podcast, The Rundown – ⁠⁠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 debt consolidation loans on LendingTree – ⁠⁠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 Options⁠⁠⁠⁠⁠⁠⁠⁠⁠to 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 the⁠⁠⁠⁠⁠⁠⁠⁠⁠Fee 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. See⁠⁠⁠⁠⁠⁠⁠⁠⁠public.com/#disclosures-main⁠⁠⁠⁠⁠⁠⁠⁠⁠for more information.

63: These 3 Mindset Shifts Will Make You a Millionaire

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz talk about the three most important mindset shifts everyone must make to become a millionaire.

---

Discover Yahoo Finance's redesigned website and sync your existing brokerage accounts, click here!

---

Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks:https://www.masterworks.art/richhabits


Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.


See important Masterworks disclosures: https://www.masterworks.com/cd

---

Save your seat at our FREE webinar all about Direct Indexing, ⁠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]

Q&A: Opening a Franchise, Selling a New Product, and Income-Producing Assets

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

  • Should I sell my 401k holdings?
  • How do I avoid paying $300K for college?
  • My San Francisco condo seems to be depreciating in value, what do I do?
  • How should I produce income inside of my portfolio?
  • How do I launch a card game product with no money?
  • What should I know about franchising a business?

---

Save your seat at our FREE webinar all about Direct Indexing,⁠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

⭐ ⁠⁠⁠Listen to Public's new daily podcast, The Rundown – ⁠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 debt consolidation loans on LendingTree – ⁠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 Options⁠⁠⁠⁠⁠⁠⁠⁠to 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 the⁠⁠⁠⁠⁠⁠⁠⁠Fee 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. See⁠⁠⁠⁠⁠⁠⁠⁠public.com/#disclosures-main⁠⁠⁠⁠⁠⁠⁠⁠for more information.

62: The Top 3 Wealth-Killers in America

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz debunk the top three wealth-killers in America.

---

Save your seat at our FREE webinar all about Direct Indexing, ⁠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]

Q&A: Austin & Robert's Worst-Ever Investments, War Time Investing, and Solo 401(k)s

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

  • How do the rich invest during wars?
  • What cryptocurrencies should I own in 2024?
  • What is the worst investment you've ever made?
  • Should I do a Mega Backdoor Roth Solo 401(k)?
  • How should I approach buying a new car?
  • Should I liquidate my Roth IRA to pay off credit card debt?

---

Public has finally introduced options trading! To learn more about trading options on Public, click here.

---

Save your seat for our Direct Indexing webinar (taking place May 8th at 4pm EST). You won't want to miss it!

---

Austin's Solo 401(k) solution, Carry Money.

---

Robert & Austin:

🧠 ⁠⁠⁠Learn more about Robert Croak⁠⁠⁠

🤓 ⁠⁠⁠Learn more about Austin Hankwitz⁠⁠⁠

📝 ⁠⁠⁠Download our FREE Budget Template⁠⁠⁠

🚀 ⁠⁠⁠Download our 4-Module Video Course⁠⁠⁠

💳 ⁠⁠⁠Find the Best Credit Card for You⁠⁠⁠

❓ Questions: [email protected]

🤝 Inquiries: [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 Options⁠⁠⁠⁠⁠⁠⁠⁠to 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 the⁠⁠⁠⁠⁠⁠⁠⁠Fee 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. See⁠⁠⁠⁠⁠⁠⁠⁠public.com/#disclosures-main⁠⁠⁠⁠⁠⁠⁠⁠for more information.

Every Podcast » Rich Habits Podcast » 59: How to Generate Your First $1,000 of Passive Income