Nicholas Maggiulli's guest appearances

Nicholas Maggiulli

Millennial Investing - The Investor’s Podcast Network

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Robert Leonard chats with Nick Maggiulli about building additional income streams and growing income to build wealth. Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence.   IN THIS EPISODE, YOU’LL LEARN:  00:00 - Intro 06:02 - Why many people should put more focus on growing their income to build wealth. 12:10 - How one should go about building additional income streams on the side. 15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases. 25:54 - Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment. 36:27 - Why dollar-cost averaging is better than trying to time the market. 46:04 - Why you should reconsider maxing out your 401k if you’re currently doing so. And much, much more!  *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.  BOOKS AND RESOURCES Check out Nick’s new book, Just Keep Buying.Check out Nick’s blog, Of Dollars and Data.Related episode: Listen to MI115: Young Investors Getting Started w/ Kelly Lannan, or watch the video.Related episode: Listen to MI143: Good Money Revolution w/ Derrick Kinney, or watch the video.  NEW TO THE SHOW? Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.  P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!  SPONSORS Get a FREE audiobook from Audible.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of Millennial Investing get better terms by just mentioning "Millennial Investing!" Sign up and book your call with their Investor Relations Team to get started today.Support our free podcast by supporting our sponsors.  Connect with Nick: Website | Twitter | LinkedIn Connect with Robert: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Robert Leonard chats with Nick Maggiulli about building additional income streams and growing income to build wealth. Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 06:02 - Why many people should put more focus on growing their income to build wealth. 12:10 - How one should go about building additional income streams on the side. 15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases. 25:54 - Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment. 36:27 - Why dollar-cost averaging is better than trying to time the market. 46:04 - Why you should reconsider maxing out your 401k if you’re currently doing so. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES <ul><li>Check out Nick’s new book, <a href="https://www.amazon.com/Just-Keep-Buying-Proven-Wealth/dp/B09RR2424L?keywords=just+keep+buying&amp;qid=1648677037&amp;sprefix=just+keep+buy%2Caps%2C404&amp;sr=8-2&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=9fd0cd94af41ac02a1da61a655a153b4&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer nofollow" target="_blank">Just Keep Buying</a>.</li><li>Check out Nick’s blog, <a href="https://ofdollarsanddata.com/" rel="noopener noreferrer nofollow" target="_blank">Of Dollars and Data</a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/MI115" rel="noopener noreferrer nofollow" target="_blank">MI115: Young Investors Getting Started w/ Kelly Lannan</a>, or watch the <a href="https://www.theinvestorspodcast.com/millennial-investing/young-investors/" rel="noopener noreferrer nofollow" target="_blank">video</a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/MI143" rel="noopener noreferrer nofollow" target="_blank">MI143: Good Money Revolution w/ Derrick Kinney</a>, or watch the <a href="https://www.theinvestorspodcast.com/millennial-investing/good-money-revolution/" rel="noopener noreferrer nofollow" target="_blank">video</a>.</li></ul> NEW TO THE SHOW? <ul><li>Check out our <a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener noreferrer nofollow" target="_blank">Millennial Investing Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts) <a href="https://www.theinvestorspodcast.com/millennial-investing/" rel="noopener noreferrer nofollow" target="_blank">here</a>.</li><li>Try Robert's favorite tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer nofollow" target="_blank">TIP Finance</a>.</li><li>Enjoy exclusive perks from our <a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer nofollow" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter, <a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer nofollow" target="_blank">We Study Markets</a>.</li><li>Learn how to better start, manage, and grow your business with the <a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer nofollow" target="_blank">best business podcasts</a>.</li></ul> P.S The Investor’s Podcast Network is excited to launch a <a href="https://clicks.aweber.com/y/ct/?l=7HQTa&amp;m=3hIUiG6T8vBkNOB&amp;b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer nofollow" target="_blank">subreddit</a> devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit <a href="https://clicks.aweber.com/y/ct/?l=7HQTa&amp;m=3hIUiG6T8vBkNOB&amp;b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer nofollow" target="_blank">r/TheInvestorsPodcast</a> today! SPONSORS <ul><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;linkCode=ur2&amp;linkId=1c34937c3747cd4044bdc87a7823c82f&amp;camp=1789&amp;creative=9325" rel="noopener noreferrer nofollow" target="_blank">FREE audiobook from Audible</a>.</li><li>Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a <a href="https://td.com/doyousmallbusiness" rel="noopener noreferrer nofollow" target="_blank">TD Small Business Specialist</a> today.</li><li>Return to the all-access world of the rich and powerful. Don’t miss new episodes of <a href="https://www.sho.com/billions" rel="noopener noreferrer nofollow" target="_blank">Billions</a> streaming August 11th on the Paramount Plus with Showtime plan.</li><li>Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download <a href="https://netsuite.com/mi" rel="noopener noreferrer nofollow" target="_blank">NetSuite</a>’s popular KPI Checklist, designed to give you consistently excellent performance for free.</li><li>Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with <a href="https://techvestor.com/" rel="noopener noreferrer nofollow" target="_blank">Techvestor</a>. Listeners of Millennial Investing get better terms by just mentioning "Millennial Investing!" Sign up and book your call with their Investor Relations Team to get started today.</li><li>Support our free podcast by supporting our <a href="https://www.theinvestorspodcast.com/sponsors/" rel="noopener noreferrer nofollow" target="_blank">sponsors</a>.</li></ul> Connect with Nick: <a href="https://ofdollarsanddata.com/" rel="noopener noreferrer nofollow" target="_blank">Website</a> | <a href="https://twitter.com/dollarsanddata" rel="noopener noreferrer nofollow" target="_blank">Twitter</a> | <a href="https://www.linkedin.com/in/nicholasmaggiulli/" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a> Connect with Robert: <a href="https://twitter.com/therobertleonar" rel="noopener noreferrer nofollow" target="_blank">Twitter</a> See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer nofollow" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer nofollow" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

MI Rewind: Just Keep Buying w/ Nicholas Maggiulli

IN THIS EPISODE, YOU’LL LEARN:  06:02 - Why many people should put more focus on growing their income to build wealth.06:02 - How one should go about building additional income streams on the side.15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases.29:54 - Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment.44:27 - Why Dollar-Cost Averaging is better than trying to time the market.54:04 - Why you should reconsider maxing out your 401k if you’re currently doing so.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.Check out Nick’s new book, Just Keep Buying.Check out Nick’s blog, Of Dollars and Data.Related episode: MI115: Young Investors Getting Started w/ Kelly Lannan.Related episode: MI143: Good Money Revolution w/ Derrick Kinney.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros &amp; Fair Pricing for Any Home Project for Free with Angi.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Join Commonstock’s community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Invest in crypto and trade it without tax headaches with AltoIRA.Make documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer.Canada’s #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Read this episode’s transcript and full show notes on our website.Connect with Nick: Website | Twitter | LinkedInConnect with Robert (@therobertleonard): Website | Instagram | TwitterHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU’LL LEARN: <ul><li>06:02 - Why many people should put more focus on growing their income to build wealth.</li><li>06:02 - How one should go about building additional income streams on the side.</li><li>15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases.</li><li>29:54 - Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment.</li><li>44:27 - Why Dollar-Cost Averaging is better than trying to time the market.</li><li>54:04 - Why you should reconsider maxing out your 401k if you’re currently doing so.</li><li>And much, much more!</li></ul> *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. EPISODE RESOURCES<ul><li>Robert and Clay’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer nofollow" target="_blank">TIP Finance</a>.</li><li>Check out Nick’s new book, <a href="https://www.amazon.com/Just-Keep-Buying-Proven-Wealth/dp/B09RR2424L?keywords=just+keep+buying&amp;qid=1648677037&amp;sprefix=just+keep+buy%2Caps%2C404&amp;sr=8-2&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=442fcd9de901fba7a2943d9311343778&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer nofollow" target="_blank">Just Keep Buying</a>.</li><li>Check out Nick’s blog, <a href="https://ofdollarsanddata.com/" rel="noopener noreferrer nofollow" target="_blank">Of Dollars and Data</a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/young-investors/" rel="noopener noreferrer nofollow" target="_blank">MI115: Young Investors Getting Started w/ Kelly Lannan</a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/good-money-revolution/" rel="noopener noreferrer nofollow" target="_blank">MI143: Good Money Revolution w/ Derrick Kinney</a>.</li><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;linkCode=ur2&amp;linkId=1c34937c3747cd4044bdc87a7823c82f&amp;camp=1789&amp;creative=9325" rel="noopener noreferrer nofollow" target="_blank">FREE audiobook from Audible</a>.</li><li>Check out our <a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener noreferrer nofollow" target="_blank">Investing Starter Packs</a> about business and finance.</li><li>Support our free podcast by supporting our <a href="https://theinvestorspodcast.com/sponsors" rel="noopener noreferrer nofollow" target="_blank">sponsors</a>. </li><li>Find Pros &amp; Fair Pricing for Any Home Project for Free with <a href="http://angi.com/" rel="noopener noreferrer nofollow" target="_blank">Angi</a>.</li><li>Find joy in comfort with <a href="https://fahertybrand.com/" rel="noopener noreferrer nofollow" target="_blank">Faherty</a>. Use promo code WSB to snag 20% off all your new spring staples!</li><li>Join <a href="http://commonstock.com/" rel="noopener noreferrer nofollow" target="_blank">Commonstock</a>’s community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform.</li><li>Now, not only the wealthy can afford collectibles! Enter <a href="http://withotis.com/TIP" rel="noopener noreferrer nofollow" target="_blank">Otis</a>, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at <a href="http://withotis.com/TIP" rel="nofollow" target="_blank">withotis.com/TIP</a> to get your first share for FREE!</li><li>Invest in crypto and trade it without tax headaches with <a href="https://www.altoira.com/study" rel="noopener noreferrer nofollow" target="_blank">AltoIRA</a>.</li><li>Make documents, ask a lawyer your legal questions, and sign contracts on the go with <a href="https://rocketlawyer.com/workconfidently" rel="noopener noreferrer nofollow" target="_blank">Rocket Lawyer</a>.</li><li>Canada’s #1 employee benefits plan for small businesses! <a href="http://buychambers.ca/" rel="noopener noreferrer nofollow" target="_blank">The Chambers Plan</a> evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.</li><li>Get insights on how to plan for your financial goals with <a href="https://tgam.ca/Robert" rel="noopener noreferrer nofollow" target="_blank">The Globe and Mail</a>. Listeners get a special digital subscription rate for unrestricted access to everything.</li><li>The interval fund, a breakthrough innovation. Only at <a href="https://mackenzieinvestments.com/innovation" rel="noopener noreferrer nofollow" target="_blank">Mackenzie</a>.</li><li>Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with <a href="http://perthmint.com/WhyGold" rel="noopener noreferrer nofollow" target="_blank">Perth Mint</a>.</li><li>Design is already in your hands with <a href="https://www.canva.com/" rel="noopener noreferrer nofollow" target="_blank">Canva</a>. Start designing for free today.</li></ul> Read this episode’s transcript and full show notes <a href="https://www.theinvestorspodcast.com/millennial-investing" rel="noopener noreferrer nofollow" target="_blank">on our website.</a>Connect with Nick: <a href="https://ofdollarsanddata.com/" rel="noopener noreferrer nofollow" target="_blank">Website</a> | <a href="https://twitter.com/dollarsanddata" rel="noopener noreferrer nofollow" target="_blank">Twitter</a> | <a href="https://www.linkedin.com/in/nicholasmaggiulli/" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a>Connect with Robert (<a href="https://twitter.com/therobertleonar" rel="noopener noreferrer nofollow" target="_blank">@therobertleonard</a>): <a href="https://everythinghousehacking.com/" rel="noopener noreferrer nofollow" target="_blank">Website</a> | <a href="https://www.instagram.com/therobertleonard/" rel="noopener noreferrer nofollow" target="_blank">Instagram</a> | <a href="http://twitter.com/therobertleonar" rel="noopener noreferrer nofollow" target="_blank">Twitter</a> HELP US OUT!Help us reach new listeners by leaving us a <a href="https://docs.google.com/presentation/d/1yJtgkwxTcMYZsdcbpjDYsnWh9tEGJWN-o_zEXbIbfKI/edit#slide=id.p" rel="noopener noreferrer nofollow" target="_blank">rating and review</a> on <a href="https://podcasts.apple.com/us/podcast/millennial-investing-the-investors-podcast-network/id1477323816" rel="noopener noreferrer nofollow" target="_blank">Apple Podcasts</a>! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer nofollow" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer nofollow" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.