MI Rewind: Just Keep Buying w/ Nicholas Maggiulli

<p>Robert Leonard chats with Nick Maggiulli about&nbsp;building additional income streams and growing income to build wealth.</p><p>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.&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><p>00:00 - Intro</p><p>06:02 - Why many people should put more focus on growing their income to build wealth.</p><p>12:10 - How one should go about building additional income streams on the side.</p><p>15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases.</p><p>25:54 - Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment.</p><p>36:27 - Why dollar-cost averaging is better than trying to time the market.</p><p>46:04 - Why you should reconsider maxing out your 401k if you’re currently doing so.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><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" target="_blank"><strong>Just Keep Buying</strong></a>.</li><li>Check out Nick’s blog, <a href="https://ofdollarsanddata.com/" rel="noopener noreferrer" target="_blank"><strong>Of Dollars and Data</strong></a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/MI115" rel="noopener noreferrer" target="_blank"><strong>MI115: Young Investors Getting Started w/ Kelly Lannan</strong></a>, or watch the <a href="https://www.theinvestorspodcast.com/millennial-investing/young-investo