Nick Maggiulli: 'The Biggest Lie in Personal Finance'

<p>Our guest on the podcast today is Nick Maggiulli. He is the author of a new book called "<i>Just Keep Buying: Proven Ways to Save Money and Build Your Wealth</i>." He is also the author of OfDollarsAndData.com, a blog focused on the intersection of data and personal finance. In addition, he is COO and data scientist for Ritholtz Wealth Management. He graduated from Stanford University with a degree in economics.</p><p><strong>Background</strong></p><p><a href="https://403bwise.org/about"></a></p><p><a href="https://ritholtzwealth.com/team/nick-maggiulli/">Bio</a></p><p><a href="https://ofdollarsanddata.com/">Of Dollars And Data</a></p><p><a href="https://www.amazon.com/gp/product/0857199714/ref=dbs_a_def_rwt_hsch_vapi_thcv_p1_i0"><i>Just Keep Buying: Proven Ways to Save Money and Build Your Wealth</i></a></p><p><strong>Personal Finance</strong></p><p><a href="https://www.sas.com/en_us/insights/analytics/what-is-a-data-scientist.html">What Is a Data Scientist?</a></p><p>“<a href="https://ofdollarsanddata.com/go-big-then-stop/">Go Big, Then Stop</a>,” by Nick Maggiulli, ofdollarsanddata.com, July 27, 2021.</p><p>“<a href="https://ofdollarsanddata.com/the-biggest-lie-in-personal-finance/">The Biggest Lie in Personal Finance</a>,” by Nick Maggiulli, ofdollarsanddata.com, Feb. 4, 2020.</p><p>“<a href="https://ofdollarsanddata.com/income-producing-assets/">The 9 Best Income Producing Assets to Grow Your Wealth</a>,” by Nick Maggiulli, ofdollarsanddata.com, Sept. 15, 2020.</p><p>“<a href="https://ofdollarsanddata.com/just-five-years-can-change-your-life/">Just 5 Years Can Change Your Life</a>,” by Nick Maggiulli, ofdollarsanddata.com, Dec. 28, 2021.</p><p>“<a href="https://ofdollarsanddata.com/we-begin-our-lives-as-growth-stocks-but-end-our-lives-as-value-stocks/">We Begin our Lives as Growth Stocks, but end our Lives as Value Stocks</a>,” by Nick Maggiulli, ofdollarsanddata.com, Nov. 24, 2020.</p><p>“<a href="https://ofdollarsanddata.com/how-to-spend-money/">How to Spend Money</a>,” by Nick Maggiulli, ofdollarsandda