#93 Nick Maggiulli – Save Money & Build Long Term Wealth

Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management and the author of Just Keep Buying. 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.Pick up Just Keeping Buying here: https://amzn.to/3ldo6r3 ⏺️ Voics: https://www.voics.co/🎙️ Podcast University: https://bit.ly/3Dqip2S🎤 Podcast Accelerator: https://bit.ly/3f1ir81📞 Schedule Free Call: https://bit.ly/3GsNyTU(00:00) Sponsorships: Sons.ie | Sons.co.uk (01:42) Introduction (03:50) People are scared & fearful of markets(07:29) What is the data around savings & income?  (12:53) The importance of increasing your income   (14:50) Spending money on what brings fulfilment(19:24) How to spend money guilt-free (22:47) How to maximise your earning potential (26:40) How much income to save & invest (29:30) Setting clear financial goals  (33:11) The data around dollar-cost averaging (37:26) Short term vs. long term investments (39:15) Building systems around investing (42:47) Time in the market vs. timing the market (48:12) Should you sell everything?   (52:42) Why picking stocks doesn't work  (01:01:26) How retail investing started (01:03:52) The emotional side of investingPlease leave a review:- Spotify: https://spoti.fi/36RrL9Y- Apple: https://apple.co/3uCwViFSocials:- YouTube: https://bit.ly/3HleVy2- Spotify: https://spoti.fi/3EE3FuG- Apple: https://apple.co/32ArW7D- LinkedIn: https://bit.ly/3FCS3JA- TikTok: https://bit.ly/314iZD6Services:- Career mentoring: https://bit.ly/3FCS3JA- Podcast consulting: https://bit.ly/3aYzm5w- Newsletter: https://bit.ly/3JqwkXASupport the show