Nick Gillespie: I think what we see, at least in the data, is that as people kind of gain more wealth and up going into social circles with other wealthier people, they always can point to someone who's richer. He says if you have $100,000 US, that puts you in the top 10% of the world in terms of global wealth. But he argues it's very easy to never feel rich because there are so many different ways to define "rich" In his new book, The Richest Man on Earth, Nick Gillespie takes a closer look at how money affects our lives.
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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