55 min
Nick Maggiulli On How To Survive Economic Hardship & Build Financial Wealth The Adversity Advantage with Doug Bopst
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- Mental Health
Today, we welcome Nick Maggiulli. Nick is the chief operating officer and data scientist at Ritholtz Wealth Management where he oversees operations across the firm and provides insight on business intelligence. He is also the author of ofdollarsanddata.com, a blog focused on the intersection of data and personal finance. His work has been featured in the Wall Street Journal, CNBC, and the Los Angeles Times. Nick graduated from Stanford University with a degree in economics. The occasion for today's chat is not only to discuss what's going on with the economy today, but also to chat about his new book, Just Keep Buying, which I thoroughly enjoyed.
We talk about our economy, how our financial decisions affect our long-term savings, the financial investments that we should put our focus on, why early financial education is important, why you shouldn’t wait and start planning your retirement funds, and so much more!
Thanks to this episode's sponsor:
Masszymes: Go to masszymes.com/DOUGFREE and you will automatically get access to your unique coupon code to claim your free bottle.
What to Listen For:
00:00 Intro
01:17 What’s going on with the economy?
05:50 Don’t make these all or nothing financial decisions
09:07 Debunking popular financing myths
13:15 Focus on income as the foundation of wealth
17:11 When should you invest even when you have debt?
21:12 Be diversified in your financial future
23:42 Are you good at stock picking?
28:38 What are you going to do during retirement?
32:20 Why is it important to invest in retirement early?
35:30 Let’s talk about taxes
37:52 How much should you invest in your business?
40:38 “Buy quickly, sell slowly.”
44:21 Crypto currency is a digital gold and a risk asset
47:14 Where do you focus your time?
Episode Resources:
Nick Maggiulli | Twitter, Instagram, LinkedIn
Just Keep Buying
Of Dollar And Data
Follow me on Social Media:
LinkedIn
Instagram
Twitter
Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, we welcome Nick Maggiulli. Nick is the chief operating officer and data scientist at Ritholtz Wealth Management where he oversees operations across the firm and provides insight on business intelligence. He is also the author of ofdollarsanddata.com, a blog focused on the intersection of data and personal finance. His work has been featured in the Wall Street Journal, CNBC, and the Los Angeles Times. Nick graduated from Stanford University with a degree in economics. The occasion for today's chat is not only to discuss what's going on with the economy today, but also to chat about his new book, Just Keep Buying, which I thoroughly enjoyed.
We talk about our economy, how our financial decisions affect our long-term savings, the financial investments that we should put our focus on, why early financial education is important, why you shouldn’t wait and start planning your retirement funds, and so much more!
Thanks to this episode's sponsor:
Masszymes: Go to masszymes.com/DOUGFREE and you will automatically get access to your unique coupon code to claim your free bottle.
What to Listen For:
00:00 Intro
01:17 What’s going on with the economy?
05:50 Don’t make these all or nothing financial decisions
09:07 Debunking popular financing myths
13:15 Focus on income as the foundation of wealth
17:11 When should you invest even when you have debt?
21:12 Be diversified in your financial future
23:42 Are you good at stock picking?
28:38 What are you going to do during retirement?
32:20 Why is it important to invest in retirement early?
35:30 Let’s talk about taxes
37:52 How much should you invest in your business?
40:38 “Buy quickly, sell slowly.”
44:21 Crypto currency is a digital gold and a risk asset
47:14 Where do you focus your time?
Episode Resources:
Nick Maggiulli | Twitter, Instagram, LinkedIn
Just Keep Buying
Of Dollar And Data
Follow me on Social Media:
LinkedIn
Instagram
Twitter
Learn more about your ad choices. Visit megaphone.fm/adchoices
55 min