

548: Nick Maggiulli - The Power of Compounding, Creating a Writing Practice, Building Your Career, & Proven Ways To Build Wealth
20 snips Oct 8, 2023
Nick Maggiulli, expert in power of compounding, career building, and wealth creation, discusses saving more when earning more, starting a blog as a New Year's resolution, the power of writing and publishing, importance of fees when working with a financial advisor, sustained excellence through consistency and effort, and the power of consistency and compounding in achieving success.
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Write Regularly and Tell Stories
- Build a consistent content practice to improve skills and attract opportunities.
- Use storytelling to hook your audience before sharing complex data or facts.
Winners Keep Winning Effect
- Previous success accumulates advantages making future wins easier due to reputation and network effects.
- Quality matters but early momentum can overpower similar quality by others starting later.
Stephen King's Pen Name Boost
- Stephen King wrote under a pen name, Richard Bachmann, to publish extra books.
- When his identity was revealed, sales for the pen name's book skyrocketed due to his accumulated reputation.