Nick Maggiulli

Nick Maggiulli, COO at Ritholtz Wealth Management and author, discusses his innovative framework for building wealth in his new book. He outlines six wealth levels and explains how financial strategies should evolve as net worth increases. Nick introduces the 0.01% rule for spending and the importance of income in wealth accumulation. He highlights the opportunity cost of time, challenges of extreme wealth, and the need to build non-financial forms of wealth. Join Nick for a data-driven approach to financial independence and understanding what 'enough' truly means.

Nick Maggiulli, Chief Operating Officer at Ritholtz Wealth Management and author of "Just Keep Buying," dives into personal finance controversies with data-driven insights. He discusses the importance of saving versus investing and introduces the "2X Rule" for guilt-free spending. Maggiulli debunks myths about debt and homeownership while explaining the benefits of dollar cost averaging. He encourages a long-term mindset, emphasizing the need for diversified income and the right approach to financial decision-making in volatile times.

Nick Maggiulli, Chief Operating Officer at Ritholtz Wealth Management and author of "Just Keep Buying," dives into the essentials of personal finance. He discusses why maximizing your 401(k) isn’t always the best approach and advocates for income-producing assets. Nick emphasizes the importance of emotional management during market volatility and shares unique insights on college admissions. He even challenges the myth that cutting expenses is key to wealth, proposing that increasing income may be the smarter route to financial stability.

Nick Maggiulli, Chief Operating Officer at Ritholtz Wealth Management and author of The Wealth Ladder, delves into the evolving landscape of wealth-building. He explores the diminishing value of money, breaking down how $10,000 versus $1 million impacts lives differently. Discussing the six wealth levels, Nick reveals how market dynamics shape net worth. He champions low-cost ETFs and income-producing assets as essential for investing. For those on their financial journeys, he offers actionable steps to navigate the wealth ladder effectively.

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 NEW: The Pathless Path Hardcover Premium Edition📘 My 2nd Book Good Work: Learn More📕 Buy My First Book, The Pathless Path (65k+ Sold): The Pathless Path😁 Join 500+ In My Cozy Community: Pathless Path Community📲Connect + Follow PaulX: @p_millerdInstagram: @pathlesspaulPaul’s Newsletter: Subscribe to Pathless (26k+ 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 HereI use and love the Readwise reader for notes and highlights: Join Here for a 2 month trial

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, a finance expert and author behind the Of Dollars And Data blog, joins to explore the pitfalls of thinking a million-dollar net worth guarantees security. He reveals the six levels of the ‘wealth ladder’ and why strategies must adapt as one climbs. Nick emphasizes the critical role of business ownership in wealth growth, introduces the '1% rule' for evaluating opportunities, and offers insights on navigating the challenges of selling a business. Get ready for a fresh perspective on financial independence!

Nick Maggiulli, COO of Ritholtz Wealth Management, dives into data-driven personal finance strategies. He argues that earning more trumps saving on expenses and critiques the 'buy the dip' mentality. The podcast exposes myths in wealth-building while sharing lessons from the Vanderbilt family's financial rise and fall. Nick emphasizes the importance of investing for the long term rather than chasing trends, and discusses the impact of lifestyle choices on lasting wealth, urging a balanced perspective on consumption and self-worth.

In this discussion, Nick Maggiulli, the COO of Ritholtz Wealth Management and author known for his data-driven insights, delves into the parallels between financial and medical advice, emphasizing individualized strategies. He explores the Wealth Ladder concept, illustrating how wealth levels affect asset ownership. Nick also tackles the complexities of wealth mobility, the balance between diversification and concentration in investments, and how luck influences financial success. A treasure trove of insights for aspiring investors!