Robert Croak

speaker

6,616 appearances 39 recordings 1 series first heard Jun 2026 last heard 2d ago

Robert Croak’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 39 in all, peaking in Aug 2026 with 13.

Appearances

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Rich Habits Podcast · Q&A: Spending $8K On Fun, Forming LLC For Rental, & Turning Basement Into Airbnb · 17 Sep 2026 podcast

And I think that's totally fine because, you know, when we work hard, we save hard, we do good with our investments and we're doing all this stuff, we still have to reward ourselves. podcast-host

So I don't know what they're interested in buying, but five to eight thousand dollars, maybe it's a used boat or a jet scale. podcast-host

Or they want to, you know, get something cool and fun for the backyard. podcast-host

I think it's totally fine to do that one or two percent of your total net worth as long as you understand you're not doing it all the time. podcast-host

So make sure you do that. podcast-host

When you have these milestones, they're using the $400,000 milestone. podcast-host

That's great. podcast-host

When they get to $500,000 or $600,000, they could do it again with that 1%, but just want to make sure that you're not prohibiting. podcast-host

yourself from building the wealth you're trying to build because you're constantly taking these wins and these milestones and buying something that's fun and likely a depreciating asset. podcast-host

I have a general rule here that everyone should implement. podcast-host

If you've never owned a Bodorajetsky, buy one that's three years old so you can get into the game, see if you like it, see if you actually use it. podcast-host

And then because most of the bad depreciation has already happened in that first two or three years of ownership, you're gonna buy it right and not have it depreciate as badly as if you bought a new one. podcast-host

Here's the problem: so many people go, I want a jet ski this year, I want to get out on the water, looks fun. podcast-host

They go plunk down twenty thousand dollars, they buy a brand new one, and they use it three times that year, two times the next year, then it's in their garage or in their backyard. podcast-host

They don't use it and they lose a ton of money. podcast-host

So, in this instance, if you've never owned a jet ski or for anyone else out there, buy used because that way you don't get beat up so much on podcast-host

the price and you're going to be fine. podcast-host

Now, if you're somebody that's done it for years and you've owned jet skis in the past, you just bought a lake house, then I would say buy new, keep it for 10 years, because then you get the warranty and you get all the good stuff. podcast-host

You don't have all the wear and tear. podcast-host

That would be my scenario for best case when looking at this option. podcast-host

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