The Biggest Lies in Personal Finance

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The biggest lies in personal finance are that cutting spending is a way to build wealth. People with higher income generally save more than people who are income. max out your 401K, stick as much money as you can into these non-taxable accounts. There's a host of different things and then market timing.

Nick Maggiulli is the creator of Of Dollars And Data and the Chief Operating Officer at Ritholtz Wealth Management. Nick is also the author of a new book titled Just Keep Buying where he crunches numbers to answer the biggest questions in personal finance and investing, while providing the reader with proven ways to build wealth the right way. In this episode, we talk about the biggest lies told in personal finance, role of data in analysis, the idea of feeling rich, role of luck in investing, and much more. To know more about this initiative, check out:

https://www.vishalkhandelwal.com/

https://www.safalniveshak.com/

Check out my book - The Sketchbook of Wisdom - which Morgan Housel calls "a masterpiece."

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