Rich Habits Podcast - Q&A: $1M in Real Estate, Paying Off $110K in Student Loans, and Pensions

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Starting point is 00:00:35 We are so excited for this episode. We scoured our email address. We scoured our Instagram DMs to find some of the funniest, most interesting questions that you guys are asking us. And as a reminder, if you want to ask us a question, one, you can do that through Instagram by sending us a DM at Rich Habitspodcast. Or two, you can email us at Rich Habitspodcast at gmail.com. We check both of them. we get dozens of DMs and questions a day. So if we don't get back to you, it is our sincerest apology, but we really try to. So don't forget, those options are available to you. Now, before we

Starting point is 00:01:09 jump into the episode, I want my options traders to listen up for a second, because I want to tell you a little bit about public.com. But first, have you actually ever thought about all the fees that you're paying to trade options? Aside from regulatory fees, there are commissions, and most platforms charge per contract fees too. That's what makes today's sponsor, public.com, so interesting. because public doesn't charge commissions or per contract fees. And in an industry first, they actually offer a rebate of up to 18 cents per contract traded. Yeah, check it out. If you trade 1,000 option contracts on public, you get up to $180 in rebates. If you trade 10,000 contracts, you could earn almost $2,000. More importantly, the rebate means you can maximize your profits

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Starting point is 00:02:25 Be sure to read it and this is for U.S. members only. Now, let's jump into our first question from Marquise M. Marquis says, I have $30,000 in a past employer 401k account. What are some financial strategies I can do to use that money to help reach my financial goals? Robert, let's introduce Marquise to the easiest way he can immediately earn $900, 3% on his 401k balance. Yes, Marquise Robin Hood just announced a new program. They have a 401k program that you can earn 3% free money right out of the gate. And it has no balance maximum, which is so key for those of you out there that might have an old 401k sitting.

Starting point is 00:03:08 And the great thing about it is all you have to do to gain this 3% is create the account. Make sure you have a gold level account, which is $5 a month. And then leave the money in there for five years. And this is such a great strategy for those of you that are maybe working on your own now and you just have that old 401k sitting. So it's an awesome, awesome opportunity. So Marquise, what that means is you've opened up the traditional IRA inside of Robin Hood. You've moved $30,000 from your old 401k into this traditional IRA. This is not a taxable event.

Starting point is 00:03:44 Again, you're not taking the money out to your bank and then depositing it into Robin Hood. You're just migrating the funds over from wherever they're hosted right now onto Robin Hood. you'll earn $900 immediately for doing that. And now you want to put your money to work, which means you want to be investing into the tried and true index funds that we talk about all the time. V-O-O-O-Q-Q-Q, V-G, V-T-I-T, V-U-G, V-T-I-T, there's a ton that you can explore and check out. We highly encourage you to diversify probably across four or five of these funds that align best with your risk tolerance. But that is how you can get your $30,000 working for you,

Starting point is 00:04:22 immediately. Yeah, and I love this strategy because for anyone that's listening, you then have autonomy to invest in what you want to invest in with this money rather than like you alluded to earlier, maybe these target date funds or some of these underperforming mutual funds that Marquise would likely have been in prior. So this is a great strategy to gain control of your money, invest in what you want, and get that 3% of free gains. And just so we're on the same page, this $30,000 if you average about 11 to 12% annual return for the next 30 years is worth a million dollars, Marquis. So be sure to optimize your investing because you're going to have a great retirement if you do so. Our next question comes from William H. William says I recently discovered

Starting point is 00:05:07 a cash balance of $11,200 in a former employer's pension plan. It kind of feels like I found money in a pair of old jeans. I'm exploring options for maximizing my growth potential while minimizing my taxes, and I've got a few considerations. The first one is I can leave the money into this pension plan and earn 2% interest on it. The second option is to roll over the cash into my current employer's 401k. I'm up about 6.5% on that year to date. The third option is to withdraw the money entirely, pay that 10% early withdrawal fee, and then park it in a high yield savings account, earning about 4.5% or option number four is to withdraw the money and still pay the 10% fee, but use it instead to pay off high interest debt.

Starting point is 00:05:51 Robert, this is a complex question, and I want to get your perspective on this first. Yeah, it's a tough one because there's so many different options here. And where I struggle when you're looking at this high interest debt and what to do is what is the best strategy. I almost feel like here it should be option five, and we come up with kind of a hybrid of these. But I just don't know what is the best way to go,

Starting point is 00:06:16 because there's just so many constant variables in this equation to figure out the best way to go. So I'd love to hear your thoughts on this because I'm kind of torn that none of these options are the best option, but maybe we can look at a different way. So option four does make a ton of sense, right? Because you can't out-invest high-interest credit card debt. William says that he's got a lot of credit card debt around this call it 25% interest rate. So to take that money out, take the tax hit and use that to pay down the debt, let's call it about $10,000 after taxes could be a good idea. But with that being said,

Starting point is 00:06:51 you are borrowing from your future to help out today, which isn't always the best idea. I mean, you've worked hard to squirrel away this $11,200 or so in this pension plan and cash now. You want that working for you 100% versus using it as sort of a crutch to supplement your lifestyle. So you roll it over either into your Roth IRA or a traditional IRA, whichever one there for you is not a taxable event and that you are comfortable doing. And then you buckle down, dude, you get your budget rocking. You're working the side hustles. You're doing some heavy lifting. You're getting the overtime hours. And you're paying off this credit card debt. I don't want you to become a person who sort of has to lean on cashing out retirement or selling my house or selling my investments or doing

Starting point is 00:07:33 this to supplement my lifestyle. That's not what I want you to be. I want you to be a person who is disciplined with their money, intentional with their spending and understands that if I go into debt, that's because I did something wrong, especially high interest debt, right? And the only way to get out of that is to fix what I did wrong. And I think by taking this $11,000 and sort of sprinkling it on this high interest credit card debt, sure, it's a good idea, but it's not going to teach you anything. And by keeping this $11,200 invested into the markets, again, for 30 years, you're looking at about $350,000 extra in retirement, assuming about 11% return there. So there's a ton of ways to think about this. That's my perspective. Robert, would you agree?

Starting point is 00:08:13 Yeah, I agree because when I look through this and it's a very thorough, you know, question with very many options, I look at it that when I see Amex high yield savings at 4.35%, and then I see the 401k that's making 6.8, 7%. None of those are going to do anything against this high yield debt because you just can't out invest high yield, you know, consumer debt. So for me, I think that's the strategy is figure out how to get ahead of this, figure out how to not get in this situation again and do what is best to get you cash flow positive the quickest way you can because so many people live decades and decades of their life being upside down and having high interest consumer debt and it's just the thief of joy and financial freedom by living like this and so i'd love to see this get knocked out sooner than later and with that being said i mean you mentioned

Starting point is 00:09:06 how your current employer's 401k is up about seven six and a half to seven percent news flash markets up 10 10% 10.5% year to date. Why are you lagging? You're lagging by what, 3.5% compounded over your life is hundreds of thousands of dollars of lost potential gains there. So be sure to figure out what you are 401k's invested into, optimize that. And again, that's what's so cool about the Roth IRA. Just like we told Marquis, you can put that into your own funds. You can, you know, get that 9, 10, 11, 12, 13% annual return by being a little bit more aggressive. Call it QQQ, VGT, VUG. these sort of more aggressive funds that we talk about. And that's going to help you really hate your financial goals much faster than being locked into a target date fund, perhaps, with your 401K.

Starting point is 00:09:51 Yeah, this question really opens up something that is very important for everyone listening to understand is you should always be trying to optimize your gains. So many people, they get into their company's 401k, or maybe they have a traditional 401k through a broker. you're not optimizing if you're not paying attention. I ask people every single day, what have the returns been in your company 401K? I don't know. What are you invested in and what is the waiting? I don't know. Well, guess what? Those are all things you need to know because when you do optimize and you get that extra 2, 3, 4% a year over a lifetime or even a couple decades, that adds up to massive, massive differences in your financial freedom and in your gains. And it's just so important to be optimizing this at all times and paying attention.

Starting point is 00:10:44 Our next question comes from Anand K. Anand says, I'm 40 years old and I have half a million dollars in a pre-tax 401k. Last year, my employer started offering a Roth 401k, and I'm now planning to stop contributing to my pre-tax and start contributing to the Roth version of a 401k so that in my retirement, and I have the option to decide when I want to draw from which account to minimize my taxes. What do you guys think about this plan? Robert, when I worked at Ametis out of college or I did that for about three years, I was doing the corporate grind. I had a 401k.

Starting point is 00:11:15 I did exactly this. I was starting on my normal 401k because that's all they offered at the time. I was doing up to the match. And then beyond that, I was investing into my Roth. But then they started offering a Roth 401k. And I only had a couple thousand dollars into it. But I did know that a Roth IRA was at my age, of course, was much better than a traditional.

Starting point is 00:11:33 So of course, a Roth 401k would definitely be better than a traditional 401k. I actually just flipped on my money over to the Roth. I had a very small tax hit on a couple thousand dollars. It really wasn't that much. And now that Roth 401K has since turned into my own Roth IRA, since I've sort of rolled it out of that old employer's custody into my own, and I've been able to grow it tremendously since. But, you know, Ann, I like this idea.

Starting point is 00:11:57 But, Robert, why don't you remind Anand about a couple tax things to consider come, you know, April of next year. So Anand, you've been so used to writing off these contributions, and since you're not able to do that anymore, just keep that in mind of how it affects you moving forward of what is going into this account. 100%. Right? You cannot write off Roth 401K contributions because they're after tax dollars, just like I can't write off Roth IRA contributions. So Anand, if you have been deducting your call it 20 something thousand a year of 401K contributions from your taxes, well, you're not exactly doing that anymore. So just be prepared, right? You might get a tax bill. You might not. Just make sure you run the math. You work with a CPA to help you get that one figured out.

Starting point is 00:12:38 But we love the strategy in best of luck. Now, our next question comes from Neil N. Neil N. Neal says, I currently have $100,000 sitting in a high-yield savings account, earning 4.25%. I originally intended to use this money for a down payment to purchase another rental property, but I haven't had any look finding one that actually cash flows enough to make it worth it. I was thinking instead of now moving that money into SPY and QQQI to generate a higher yield and then also reinvest the dividends. It seems like a much easier way to generate retirement income versus real estate. But what keeps me from pulling the trigger on this is that the ETFs are not FDIC insured. I'm 52 years old and I've got over a million dollars in real estate equity

Starting point is 00:13:22 and another million with my wife in her 401K, SEP and other investments. Okay, Neil, so you're right. The ETFs are not FDIC insured. No ETF, no stock, no investment, no nothing that is invested is FDIC insured. Cash in a bank account is FDIC insured and that's the only thing. So let's say you deposited maybe $100,000 into Bank of Tennessee, the bank that I use and they have bad management or like SVB. They make it some risky investments that didn't pan out and now they're bankrupt. Your $100,000 is insured by the federal government, right? That's what the FDIC insurances. It just makes sure that in case of a bankruptcy of a bank, which is kind of weird to say, your money is still there. It's fine. You're good to go. Investments are not like that. Investments,

Starting point is 00:14:09 you can absolutely lose money investing into different stocks, bonds, ETFs, whatever that might be. However, what you will not lose is the cash sitting in the brokerage account. Now the cash sitting in the brokerage account, let's say public.com, is insured by the SIPC. Now, the SIPC insurance is up to $250,000 per account that's insured. And that just means if the brokerage, if it's public or Vanguard or Fidelity or Charles Schwab or whoever, goes out of business as a brokerage, the cash sitting and your investments in that brokerage are actually insured, right? So you're not insured on the success of the investment, but you're insured that your investments will always be there. They're always going to be there. The federal government is making sure of it. And to your point of

Starting point is 00:14:59 like the ETF's not being FDIC insured, no investment is FDIC insured. However, they are SIPC insured, just like any other ETF or cash you have in your account or any other investment you have on a online broker. That was wonderful, but you said SIPC insures 250 per account. Isn't it 500? Update, Robert just informed me that SIPC insures up to 500,000, not 250,000. I misspoke. So $500,000, even better, twice as much as what we were expecting. And that's why Robert is 30 years older than me. He knows this stuff. Yes, love this. And always remember that with these securities, there's not insurance on the gains. There's insurance on the money that you put in and the people issuing that stock ETF or whatever through the SIPC, which which in fact is $500,000 per account of insurance, even better than FDIC. So just to be super clear, if you invest into Apple stock and Apple stock goes down in value, your investment has gone down in value. However, if you invested into Apple stock on Fidelity and Fidelity went out of business,

Starting point is 00:16:07 you didn't just lose your Apple stock. Your Apple stock will then get pushed on somewhere else and you can claim it somewhere else. That claiming process is the SIPC insurance up to 500,000. of value in your account right now again it can go down in value as an investment that's not what's being insured the fact that it doesn't just disappear because the custody of that underlying investment is going bankrupt that is the insurance so thanks Neil for the question and we hope this helps oh and by the way dude just do it SPY i QQQI what is that so 12% on SPYI you're looking at 14% on QQQI call it 13% combined if you look at both of them that's $13,000 a year and a very very very very very

Starting point is 00:16:48 tax-advantaged income because you're doing a little bit of return of capital, some section 1256 contracts. I mean, dude, you are sitting pretty. I would certainly do a little bit more digging on that and definitely check out SPYI and QQQI as an alternative to investing into real estate, especially as you're sitting on a million in equity in real estate already. Yeah, so many great questions. These episodes, the Q&A episodes have really matured into just a goal mine of information for everyone listening because the questions just keep getting deeper and more complex. And I love these episodes, just really digging in with everyone that submits these questions. So earlier in the show, you heard us talk about the investing platform, public.com.

Starting point is 00:17:29 And that's where you can trade options with no commissions or per contract fees. And you get a rebate of up to 18 cents per contract traded. NerdWallet recently gave public five out of five stars for options trading. And if you want to see why, go to public. public.com and start getting a rebate of up to 18 cents per contract trading. This is of course paid for by public investing. Options not suitable for all investors and carry significant risk, full disclosures in podcast description and for U.S. members only. Quick update on my own covered call options trading. I think I've generated, I got to check, but I'm close to $11,000 of premium income selling covered

Starting point is 00:18:11 calls on Tesla. Now sure, Tesla stock is down near to date. I know I get. it. I'm going to be a lifetime holder. I'm very excited about the humanoid project. I'm excited about the company in the long term. Don't get me wrong. But yeah, I've been able to generate about $11,000 in just passive income by selling covered calls against my Tesla stock. And Robert, I've taken that money and I've been using it to purchase chain link, Bitcoin, and Ethereum. And that is up 50, 60, 70% year to date. So I'm really excited about the way that I've sort of played this. Passive income comes in from selling covered calls to then redeploying that money to sort of a little bit more. aggressively with cryptocurrency. Well, I love this and, you know, talking about Tesla is so exciting

Starting point is 00:18:51 because again, I feel like this is like two years ago when I started talking about Navidia and MU and advanced microdevices. And I feel like in two years, everyone that's been talking about Tesla's done, Tesla's done, Tesla's done, we're going to have that last laugh on Tesla's stock in two, three years from now because of all the great things they're doing in humanoid robotics. People just need to look at Tesla and understand it's not just a car company. It's an information and it's a tech company. And if they understood that, they wouldn't be all talking bad about Tesla stock right now and they'd be looking at it as a great opportunity at these levels to buy.

Starting point is 00:19:26 I'm right there with you, man. Let's see how it pans out. Our next question comes from Zango J. Zango says, I'm 18 years old and I found your podcast on Spotify. I'm so excited to open my first Roth IRA and begin investing early in Austin. But with that being said, I'm only making 25. $500 a month. Is it even worth opening and investing while still making this little amount of money? Robert, what do you think about this question? The answer is yes, yes, yes. Do not fall for it or listen

Starting point is 00:19:55 to the fake gurus out there that say if you don't have 10 grand, 20 grand or 50 grand, you're wasting your time because trust me, if you start even with $100 a month, $50 a month, $200 a month, over time invested in those basket of funds like we talk about is just incredible. I say it all the time. Every person in the U.S. over 18 should immediately open their Roth IRA, get that basket of funds like V-O-O-O-Q-Q-M-O-A-T, V-I-T-I-V-U-G, any of those funds in a combination of three, four, five of them, even with $100 a month would make just incredible gains over time because you're letting compounding do its job.

Starting point is 00:20:38 So it is never too late and any amount of money is worth it. getting started with because as you make more money, let's say you're three years down the road, now you're 21 and you're making 3,500 a month or 4,500 a month. Then you can add more and more and more and set yourself up so much earlier for financial freedom and early retirement. I couldn't have said it better myself. I mean, Zengo, Robert just laid out the blueprint for you to become a millionaire. Seriously, $100 a month invested in your Roth IRA, literally just $100. That is all. Just 100 bucks from age 18 to 65. Let's assume you don't make more than 2,500 for the rest of your life, right? You are literally going to make so much more money. So you're going to have much more than $100 a month

Starting point is 00:21:20 to invest. But pessimistically speaking, you stay at this $100 mark. You don't want to invest any more from $18 to $65. You will have $1.1 million after inflation in your retirement account tax-free. Dude, open the account, deposit your first $100. Put it on auto-invest, auto-deposit, whatever it is. $33 goes to VGT. $33 goes to VOO. $33 goes to VTI or QQQ or whatever else, right? Or 2020, 2020, 2020. It doesn't matter. Invest in the funds we're talking about. Stay consistent. Stay intentional. And you will build so much wealth in your life, Zango. We are rooting for you, man. You remind me a lot of myself when I was 18. I was also 18 when I opened up my Roth IRA. I was not exactly as knowledgeable as I am right now as it relates to the fund.

Starting point is 00:22:08 So I used a robo advisor called Betterment to do it for me. But same deal, man. They got my money invested. It was great. I don't think you need to use any sort of Robo advisor. You own your funds. You own your destiny. And invest into what we are saying.

Starting point is 00:22:20 And you will be just fine. Wow. Yeah, that is mind blowing when you really put it into a retirement calculator. And you look at how easy it is. Now, if you took that math a little bit further, and let's say you do $100 a month for the first three years, then the second three years you do $200 a month. The third three years, so you're nine years in, then you do $300 a month.

Starting point is 00:22:43 You're going to have millions and millions of dollars over time just by these small investments and being consistent monthly. And that's the number one thing I think everyone needs to understand and learn is the earlier you start, the earlier you can finish because of compounding and letting the money and compound interest do its work. And it's just so important to understand the simplicity of this. if everyone following along listens. And a quick back of the envelope math here for anyone trying to figure out how much they should be investing.

Starting point is 00:23:12 You know, Zango's taken home $2,500 a month. Let's say 15, 20% of that should be saved, invested, or used to pay off high interest debt. Zango doesn't have any high interest debt. I know he mentioned that in the Instagram DM. It's all about trying to get invested here. So let's call it 15%. That's what, $300, Robert? If this guy does $300 a month, I mean, this is crazy money.

Starting point is 00:23:34 These guys are going to see in his lifetime. So just think about that 15 to 25% range that Robert and I talk about. You know, if you want to be aggressive, you can obviously do more. If you're trying to be a little bit more conservative because maybe you're saving for something or, you know, big life events coming up. You want to be a little bit more conservative there. 15% is fine. But Zango, dude, we're so excited for you, man. Congrats.

Starting point is 00:23:52 And shout out to you for listening to the podcast at 18 years old. That's crazy. And always keep in mind, I want to add one more thing to this because it's just so important from a mindset perspective is to understand that when you're building, let's call it this, retirement account. Even if you're 18, 25, 35, whatever year, you have to be thinking long term. And how I try to approach it from a mindset perspective is look at that money as money you don't touch. Like Austin said earlier in the episode, you don't want to be borrowing from your future for current needs if you can help it. So I always try to get everyone to look at it from a mindset perspective that that retirement account is to be left alone and you're putting in and in and in with a

Starting point is 00:24:34 plan and you're not taking out because so many people will build, build, build, remove, build, build, remove. And then they're 50 years old, 60 years old and they have nothing to show for it. You can't do that because that's you allowing lifestyle creep to get in the way of you building real net worth over time. So try to have it split up where you have that retirement account that you're not touching and then maybe have another account where you're building your crypto or your high yield savings or whatever where you can take from those. funds, but not from these long-term retirement funds. I love it. Our last question comes from Jason A. Jason says I'm 52 years old and I have $110,000 of student loan debt from a parent plus loan at 7%. I have about

Starting point is 00:25:18 $200,000 in a brokerage account that's largely from an inheritance. What should I do to ensure a comfortable retirement? Okay, Jason, so for anyone thinking or listening right now that's a parent and thinking about a parent plus loan, probably not a good idea. If you want your kids to go to college, like, Jason, I love you, man. And congrats on your kids going to college. But now you're strapped at $110,000 of their debt. And you're 52 years old. You're supposed to retire in the next 10 to 15 years.

Starting point is 00:25:45 And you have $110,000 of student loan debt. Like, that's tough. So for anyone listening right now that has kids, one, if they're not yet college age, open up that 529 plan. We talked about it in the episode on Monday. We talked about how you can just put away. 150 bucks a month and it turns into $90,000, right? Like, this is such a game changer for people who are saving for college. So one, the 529 plan. But two, even if it is time for college, I mean, maybe it's

Starting point is 00:26:11 not a good idea to take on debt for your children. That's kind of my thing. My parents made me take out my own student loans. I paid them off like I was supposed to. Like every kid's supposed to. My girlfriend's got student loans. She's paying those off. She's 25 years old. I mean, I think it's just kind of part of life here. And if you can, you know, sort of invest into that 529 plan to have it for them beforehand, that's great, but if not too, like, that's on them. Okay. So, Jason, this is our reality, though. What are we going to do about it? You're 52. You've got 10, 15 years of really aggressively investing now until it's time to retire. Okay. So the question is, I've got this 200 grand. Do I use it to pay off the student loans? Do I keep it invested? The student loans are at 7%. I mean, here's what I would

Starting point is 00:26:52 do if I were you, man. I would take out 110,000 of this $200,000 in a brokerage account. I would use it to pay off your student loans. You told me in the question that I sort of summarized here for you that you're paying $1,000 a month for the next 15 years to pay off these student loans, you'll accrue $70,000 of interest. So instead of paying $1,000 a month for the next 15 years, let's wipe them off today. Take that same $1,000 a month that you would have paid to pay off the student loans and instead use it to build up the brokerage account again. And $1,000 a month for the next 15 years at 11% interest, which you can absolutely do if you're investing into the funds we talk about over a long period of time, which is that 15 years, will be over $900,000 when you're 67.

Starting point is 00:27:37 That's my perspective. I would definitely pay this off. I would then be very disciplined about this $1,000 a month. That is your retirement, my friend, and get after it, invested aggressively, right? 11%, 10%, 12%, whatever you can to ensure that you have a nice, solid nest egg come 67 years. Yeah, I think you nailed it, and that's just an incredible strategy. And I'm just going to add a couple thoughts. Number one, before I paid them off, because that is a tremendous amount of money, I would call around. I would call the loan providers and say, hey, what are my options here? Do you have any discount programs for early payoff? Whatever it might be, to be able to allow you to carve some of that away, you never know there's so many programs floating around in student loan

Starting point is 00:28:21 debt, you might find a gem that can help you save money. So that's one thing. thing I would do before just stroking a check of $110,000. And then secondarily understand that the math Austin laid out absolutely maths. And you're going to be in a much better situation in 15 years doing option B, which Austin spelled out versus where you're at making these additional $1,000 a month payments. And also a third thing to look at is these parent plus loans. Some people say they're bankruptible and you could get out of this debt by filing bankruptcy. but it's just not true. Not all parent plus loans. In fact, many of them are not dismissable

Starting point is 00:29:00 through bankruptcy. So just make sure you speak to a CPA or a lawyer that actually knows what they're talking about before you consider this route because I would hate for you to file that bankruptcy and then find out, guess what? You can't get rid of them. Because then at the end of the day, your credit's going to be shot for the next seven, eight years and you're not going to be able to have much movement if you need credit for leverage or real estate or whatever. So think Austin's plan is definitely the best plan, but just consider all the options I discussed as well so you know exactly where you stand. Yeah, I like the idea of sort of calling around and seeing if there's like a discount to an early payoff. I also don't think bankruptcy is probably on the table considering

Starting point is 00:29:39 he's got $200,000 to pay it. I mean, that's just what would happen. They just take it and pay it off that way, right? Yeah, I love the idea of trying to find an early payoff. I know that they do that for, I think car loans and stuff. So maybe they do that for student loans. Who knows? Jason, what a good question, man. We're rooting for you, dude. You're going to retire a millionaire at 67. I know it, you're a discipline, you're a smart guy. Well, of course you're smart. You listen to the Rich Habits podcast, my friend. Everyone, we had so much fun at our webinar on Tuesday. We talked about how to build an investment portfolio from scratch. You guys came out in droves. I mean, oh my God, we had so many questions, so many people were hanging out with us. We are so, so excited to hopefully

Starting point is 00:30:15 host another webinar here, maybe in the month of April or May. Stay tuned on that. But we are just really, really appreciative of each and every one of you that care to be a part of this community. We want to foster the best, smartest, most passionate community of wealth builders on the internet. We're trying to do that with the webinars. We're trying to do that. We're launching a newsletter here very, very, very soon. So be sure to keep an eye out for that. I mean, we're doing all we can now to really put some fire under the Rich Habits podcast. And we are so excited that you hang out with us and come back every single week. Now, the best part about this is all of you that have left us awesome five-star reviews. We have over 3,800 reviews on Spotify alone that are

Starting point is 00:30:54 five stars and all of you that share the podcast with a friend. And I know Jason, Zango, Neil, Anand, William, or Marquise, I know y'all got your questions answered. So I hope you're going to send this episode to one of your friends and say, yo, they said my name on a podcast. It's so cool. They answered my question. If it's not you, listen, we want you sharing this podcast with your friends, your family, your cousins, your aunts, your uncles, your neighbors. Anyone who might want a little bit of extra motivation as it relates to building wealth in their life, we are all on the same path. We're all on the same team here and we're all rooting for each other. Yes, we are so thankful each and every week, the tens of thousands of you that show up,

Starting point is 00:31:34 listen to these episodes and really follow along on this journey. Like Austin said, we're all in this together and we are here just to provide you the best possible information and strategies that we can through all of our experiences. My 30 year age gap with Austin makes it great because we've got the young mind, the young perspective. And then you've got. the older guy who's been through it all. So we just love being able to do this each and every week. And that brings me to a quick announcement that we have the Money Mindset Wealth Building Summit coming up April 26 and 27th right here in Sunny St. Petersburg, Florida. I'll be speaking. Austin will be there and a bunch of other great speakers. And we'd love to have you.

Starting point is 00:32:14 You can find tickets in the link in my bio and in the podcast description. And there is also a virtual portion of the event. If you can't make it to Sunny, South Florida. You can join on line and we'd love to see you there. Thanks everyone for hanging out with us on this week's episode of the Rich Habits podcast question and answer edition and we will see you on Monday.

Rich Habits Podcast - Q&A: $1M in Real Estate, Paying Off $110K in Student Loans, and Pensions

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