Dip your toes into the world of personal finance and you can find plenty of questions which are the subject of endless debate. How much of your income should you save? Is it okay to take on debt? Which is better — renting a home or owning one? When it comes to the stock market, should you buy the dip?On his blog, Of Dollars and Data, my guest cuts through the personal finance noise by finding answers based on numbers rather than conjecture, and then converting this research into advice the average person can understand. His name is Nick Maggiulli, and he's the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, as well as the author of Just Keep Buying: Proven Ways to Save Money and Build Your Wealth. Today on the show, Nick explains what the data says about how you should approach the questions I've already mentioned. He also shares how to spend your money without feeling guilty by using the "2X Rule," the three criteria you should meet before you consider buying a home, the best way to approach the idea of "dollar cost averaging," and more. We end our conversation with the right mindset to adopt in our volatile economy.Resources Related to the PodcastYour Money or Your LifeThe Value of Debt in Building WealthAoM Article: Index Funds For BeginnersAoM Podcast #536: How to Achieve a “Rich Life” With Your FinancesConnect With Nick MaggiulliNick's blog: Of Dollars and DataNick on TwitterNick on IG

Nick Maggiulli is a finance data analyst and writer. He is the author of "Just Keep Buying" and has a blog titled "Of Dollars and Data".🎥🍿 YOUTUBE: WATCH HERELinks:Twitter: @dollarsanddataBlog: Of Dollars and DataNick's Book: Just Keep Buying ⌛TIMESTAMPS(0:47) The scripts nick grew up with(5:35) Writing books and blogging(32:44) Building relationships in  the NYC finance scene(36:07) Why the writers shouldn't dumb down their books(37:33) Perceptions of money(1:07:26) Closing thoughts📕Buy Paul’s Book: The Pathless Path🤝Join Find The Others: A Community For People On Unconventional Paths📲Connect + Follow PaulTwitter: @p_millerdPaul’s Newsletter: Subscribe to BoundlessPaul’s YouTube: Subscribe🙏Further Ways To Support The Podcast:I use Transistor to host this podcast. It rocks. Launch Your HereI record high-quality video using Riverside: Sign Up HereBecome a sponsor of the Podcast / NewsletterWant to upgrade your Zoom studio? Check out Kevin Shen’s Dream Studio CourseWant to launch a course? Podia or Teachable are both greatWeb Hosting: Skystra Fast WordPress HostingHost your own community" Circle 14-day free trial 📘 GOOD WORK: LIVE! => Learn More📕 Buy Paul’s Book (50k+ Sold): The Pathless Path😁 Join Hundreds On Unconventional Paths: Pathless Path Community📲Connect + Follow PaulTwitter: @p_millerdInstagram: @pathlesspaulPaul’s Newsletter: Subscribe to Pathless (23k+ People)Paul’s YouTube: Subscribe🙏Further Ways To Support The Podcast:Accounting, Taxes, And Payroll For Your S-Corp (Ideal for $60k+ income): CollectiveLooking for alternatives to traditional health insurance in the US? Check out CrowdhealthI use Transistor to host this podcast. It rocks. Launch Yours HereI record high-quality videos using Riverside: Sign Up Here

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.

#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age.Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, fear and laziness.Psychology professor Bill von Hippel described why too much happiness is just as detrimental to our long-term health and wellbeing as too little happiness.Wall St. Journal columnist Spencer Jakab observed the perfect storm of conditions that gave rise to meme stonks and other oddities of our era.Former financial planner Joe Saul-Sehy argued for “strategic under-diversification” and explained the Sharpe Ratio.Data scientist Nick Maggiulli explains the save-invest continuum.And financial planner Bill Bengen, the creator of the 4 percent retirement withdrawal rule, talks about what most people misunderstand about the safe withdrawal rate.These are just some of the highlights from the Afford Anything podcast in this 2022 year-in-review episode.Enjoy!For more information, visit the show notes at https://affordanything.com/episode420 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nick Maggiulli is the Chief Operating Officer for Ritholtz Wealth Management and an expert in personal finance using data analysis.Saving money and building wealth are some of the most popular content on the internet. But what are the absolute best ways to maximise your fortune? Nick has broken down the complex world of personal finance to find out what the data says about different strategies.Expect to learn why earning more is better than spending less, why buying the dip is a losing strategy, the easiest way to invest in the stock market, how to spend money guilt-free, why almost everyone has a backward retirement strategy, how to tell when you should sell, what the Vanderbilt's lost fortune can teach us about spending money and much more...Sponsors:Join the Modern Wisdom Community to connect with me & other listeners - https://modernwisdom.locals.com/Get 30% discount on your at-home testosterone test at https://trylgc.com/modern (use code: MODERN30)Get perfect teeth 70% cheaper than other invisible aligners from DW Aligners at http://dwaligners.co.uk/modernwisdom (use code MODERN10)Get 5 Free Travel Packs, Free Liquid Vitamin D and Free Shipping from Athletic Greens at https://athleticgreens.com/modernwisdom (discount automatically applied)Extra Stuff:Buy Just Keep Buying - https://amzn.to/3OcdXIDCheck out Nick's blog - http://ofdollarsanddata.com/ Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/To support me on Patreon (thank you): https://www.patreon.com/modernwisdom-Get in touch.Instagram: https://www.instagram.com/chriswillxTwitter: https://www.twitter.com/chriswillxYouTube: https://www.youtube.com/modernwisdompodcastEmail: https://chriswillx.com/contact/  Learn more about your ad choices. Visit megaphone.fm/adchoices

Structured products can offer unique investment opportunities and customization but also come with risks and complexities. It is vital to thoroughly understand the product's structure, risks, and potential returns before investing. In this episode, we delve into the value of structured products and recap a past episode about the philosophy of money before continuing our focus on reading and finance by diving into the book, Just Keep Buying by Nick Maggiulli. Nick is a highly regarded author known for his insightful and engaging works on finance and investing. With a passion for demystifying complex financial concepts, Nick has earned a reputation for his ability to present information in a clear and accessible manner. His ability to blend storytelling with data-driven insights made his articles immensely popular among readers of all backgrounds. We discuss the pros and cons of financial products, why investors prefer them, the dark side of structured products, and what investors need to avoid. We recap a past episode with Barry Ritholtz about the philosophy of money and the main takeaways from our conversation with him. Then, we delve into Just Keep Buying and the invaluable lessons and uncover hidden gems it offers readers before speaking to Nick about savings and investing. We discuss the best strategies for investing, how to spend your money comfortably, why you should never wait for the markets to dip, and much more. To learn everything about structured products and valuable insights about saving and investing, tune in now.    Key Points From This Episode:   •    Learn about structured products and what they offer investors. (0:03:12) •    Why structured products can be a problem for investors. (0:07:00) •    We discuss whether the pricing of structured financial products is fair. (0:12:05) •    How financial institutions use complexity to exploit uninformed investors. (0:14:51) •    Outline of key findings from research conducted on structured financial products. (0:17:47) •    The behavioural aspect of structured products and why investors prefer them. (0:22:20) •    A recap of the main takeaways from our interview with Barry Ritholtz. (0:26:10) •    This week’s book review of Just Keep Buying. (0:28:54) •    Nick explains the difference between saving and investing. (0:32:54) •    A comparison of just keep buying and dollar cost averaging strategies. (0:35:21) •    Whether people should wait for a dip in the market before investing. (0:37:23) •    Why you do not need as much savings as you think you need. (0:39:04) •    What the biggest lie is regarding personal finance. (0:42:29) •    Find out how to spend your money guilt-free. (0:44:13) •    He unpacks what comes after the just keep buying strategy, and how to be comfortable spending more in retirement. (0:46:48) •    Financial advice that Nick has for listeners. (0:51:03) •    The aftershow: upcoming guests, feedback about the show, and more. (0:53:59)    Links From Today’s Episode: Nick Maggiulli — https://ofdollarsanddata.com/ Nick Maggiulli on LinkedIn — https://www.linkedin.com/in/nicholasmaggiulli/ Nick Maggiulli on Twitter — https://twitter.com/dollarsanddata Just Keep Buying — https://www.amazon.com/Just-Keep-Buying-Proven-wealth/ Episode 57: Barry Ritholtz — https://rationalreminder.ca/podcast/57 Episode 248: Professor William Goetzmann — https://rationalreminder.ca/podcast/248 Episode 253: Professor Paul Calluzzo — https://rationalreminder.ca/podcast/253 Episode 126: Dr. Brian Portnoy and Josh Brown — https://rationalreminder.ca/podcast/126 ‘The dark side of financial innovation’ — https://www.sciencedirect.com/science/article/abs/pii/ ‘Catering to Investors Through Security Design’ — https://academic.oup.com/qje/article- abstract/132/3/1469/3057435 ‘Engineering lemons’ — https://www.sciencedirect.com/science/article/abs/pii/ S0304405X21001653 ‘Ex-post Structured Product Returns’ — https://www.pm-research.com/content/iijinvest/24/2/45 Ritholtz Wealth Management — https://ritholtzwealth.com/ Animal Spirits Podcast — https://animalspiritspod.libsyn.com/ Masters in Business Podcast — https://www.bloomberg.com/podcasts/series/master-in- business Die With Zero — https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765 Superfans — https://www.amazon.com/Superfans-Stand-Tribe-Successful-Business/dp/ 1949709469 Storyworthy — https://www.amazon.com/Storyworthy-Engage-Persuade-through-Storytelling/ dp/1608685489 Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder- podcast/id1426530582. 
 Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca
 Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on Twitter — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on Twitter — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

Financial writer and blogger Nick Maggiulli discusses the illusion of wealth through the story of Bill Hwang's $20 billion loss. He challenges perceptions of financial substance and prompts a rethink on economic value. Topics include wealth illusions, risks of leverage, and reevaluating asset values.

Nick Maggiulli, COO of RWM and author of "Just Keep Buying," brings his financial expertise to a lively discussion. They explore the differences between bull and bear markets, dissecting what each means for investors. Maggiulli shares insights on managing small-cap investments and evaluating pensions. The conversation also delves into the psychology behind selling big winners like NVIDIA, highlighting the emotional factors that can sway decisions. Be prepared for eye-opening strategies on when to take profits and navigate market cycles!

Financial writer, Nick Maggiulli, discusses the relative nature of the status game and the importance of choosing one's status games wisely. He warns against obsessing over wealth, beauty, or fame, and advocates for diversifying sources of status. The podcast explores strategies for navigating societal pressure and the challenges of small business management.

Nick Maggiulli, a writer who challenges the notion that reducing expenses is the key to wealth, discusses in this podcast the lie that cutting costs is enough to build wealth. He emphasizes the need to increase income and invest in income-generating assets, while also addressing the impact of low income on saving and recognizing the role of privilege in financial freedom.