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 PodcastHow to Survive Any Worst Case Scenario
Magician's Secrets for Becoming More Commanding, Convincing, And Charismatic
The Myths and Truths Around Suicide
The Essential Guide to Getting Promoted
The Heroic Exploits of WWII’s Pacific Paratroopers
Answers to the FAQ of Modern Etiquette
The Art and Science of Getting Unstuck
The Essential Guide to Visiting and Camping in the National Parks
Thoreau on Making a Living
Optimize Your Testosterone
Leadership Lessons From Military Mentors
Become a Focused Monotasker
Generations — The Surprising Truths and Persistent Myths
Toastmasters, Aristotle, and the Essential Art of Rhetoric
The Wisdom of Psychopaths
The Science of a Better Daily Routine
The Golden Rules of Success
What the World of Psychology Gets Wrong About Men
The Essential Habits for Becoming an Agile, Vital, and Durable Human Being
How to Deal With the Worry of Waiting
Create your
podcast in
minutes
It is Free
The Modern West