MI157: Just Keep Buying w/ Nicholas Maggiulli
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 593 Ratings
🗓️ 7 April 2022
⏱️ 62 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.9 | There's so much guilt in the financial personal finance community about like doing that. Like, oh, you're buying yourself lattes. You're paying away a million dollars or you're not working hard and all this stuff. And so to eliminate guilt, I think the two extra works really well because if you want to splur, you want to spend $400 on a pair of dress shoes, like a really nice pair you want to keep for a long time. Well, take another $400 and invest it in some sort of income producing asset, |
| 0:23.8 | whatever, whether that be... |
| 0:24.6 | On today's episode, I'm joined by Nick Majuli. Nick is the chief operating officer at a |
| 0:32.9 | wealth management firm, where he oversees operations across the firm and provides insight on business intelligence. |
| 0:39.1 | He's also the author of Of Dollarsand Data.com, a blog focused on the intersection of data and |
| 0:44.4 | personal finance. His work has been featured in the Wall Street Journal, CNBC, and the Los Angeles |
| 0:49.5 | Times. During the episode, I chat with Nick about why many people should put more focus on growing |
| 0:54.8 | their income rather than saving more money to build true wealth. How one should go about |
| 1:00.4 | building additional streams of income on the side? How using the 2x spending rule can help you |
| 1:05.5 | eliminate guilt in making larger purchases? Nick's thoughts on what to do with money intended to be |
| 1:10.4 | used as an |
| 1:11.0 | emergency fund or maybe for a home down payment. Why dollar cost averaging is better than trying to |
| 1:16.0 | time the market. Why you should reconsider maxing out your 401k if you're currently doing so, |
| 1:20.6 | and much, much more. You guys might be a little surprised to hear my voice on this episode of |
| 1:25.8 | millennial investing. I know it's been a while since I hosted the show. Clay's been doing a great job voice on this episode of Millennial Investing. I know it's been a while |
| 1:27.7 | since I hosted the show. Clay's been doing a great job here on this show, and I've been |
| 1:32.1 | spending most of my time focused on the real estate show that comes out on Mondays, but it |
| 1:37.2 | definitely is good to be back for this episode with Nick Majuli. I hope you guys really enjoy it. |
| 1:42.5 | You're listening to Millennial Investing by the Investors |
| 1:45.6 | Podcast Network, where your hosts, Robert Leonard and Clay Fink, interview successful |
| 1:50.6 | entrepreneurs, business leaders and investors to help educate and inspire the millennial generation. |
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