Just Keep Buying w/ Nicholas Maggiulli (MI157)

Robert Leonard chats with Nicholas Maggiulli about why many people should put more focus on growing their income rather than saving more money to build wealth, how one should go about building additional income streams on the side, how using the 2x spending rule can help you eliminate guilt in making larger purchases, Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment, why dollar-cost averaging is better than trying to time the market, why you should reconsider maxing out your 401k if you’re currently doing so, and much more!
 
Nicholas Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence. He is also the author of OfDollarsAndData.com, a blog focused on the intersection of data and personal finance. His work has been featured in The Wall Street Journal, CNBC, and The Los Angeles Times. Nick graduated from Stanford University with a degree in Economics and currently resides in New York City.
 
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
04:13 - Growing income vs saving money to build wealth
10:39 - How to build additional income streams on the side
14:27 - The 2x spending rule
27:00 - What to do with money intended to be used as an emergency fund or a home down payment
37:57 - Why dollar-cost averaging is better than trying to time the market
48:32 - Why you should reconsider maxing out your 401k

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🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/just-keep-buying/
📖 BOOKS MENTIONED:
- Just Keep Buying by Nicholas Maggiulli: https://amzn.to/38isrpG
- The Value of Debt by Thomas Anderson: https://amzn.to/3LJ2rCl

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
▶️ RELATED EPISODES:
- (MI115) Young Investors Getting Started w/ Kelly Lannan: https://www.theinvestorspodcast.com/millennial-investing/young-investors/
- (MI143) Good Money Revolution w/ Derrick Kinney: https://www.theinvestorspodcast.com/millennial-investing/good-money-revolution/
💡 OTHER RESOURCES
- Check out Of Dollars and Data: https://ofdollarsanddata.com/
- Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/
- Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/

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Видео Just Keep Buying w/ Nicholas Maggiulli (MI157) канала The Investor's Podcast Network