Just Keep Buying: Proven ways to save money and build your wealth

by Nick Maggiulli

Overview

Everyone faces big questions when it comes to money: questions about saving, investing, and whether you’re getting it right with your finances.

Unfortunately, many of the answers provided by the financial industry have been based on belief and conjecture rather than data and evidence—until now.

In Just Keep Buying, hugely popular finance blogger Nick Maggiulli crunches the numbers to answer the biggest questions in personal finance and investing, while providing you with proven ways to build your wealth right away.

You will learn why you need to save less than you think; why saving up cash to buy market dips isn’t a good idea; how to survive (and thrive) during a market crash; and much more.

By following the strategies revealed here, you can act smarter and live richer each and every day. It’s time to take the next step in your wealth-building journey. It’s time to Just Keep Buying.

Product Details

ISBN-13:	9780857199256
Publisher:	Harriman House
Publication date:	04/12/2022
Pages:	296
Sales rank:	91,603
Product dimensions:	5.40(w) x 8.30(h) x 1.00(d)

About the Author

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. 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. Mr. Maggiulli graduated from Stanford University with a degree in Economics and currently resides in New York City.

Table of Contents

How to use this book ix

Introduction 1

1 Where Should You Start? 7

I Saving 13

2 How Much Should You Save? 15

3 How to Save More 24

4 How to Spend Money Guilt-Free 40

5 How Much Lifestyle Creep is Okay? 48

6 Should You Ever Go into Debt? 56

7 Should You Rent or Should You Buy? 67

8 How to Save for a Down Payment (and Other Big Purchases) 78

9 When Can You Retire? 90

II Investing 101

10 Why Should You Invest? 103

11 What Should You Invest In? 113

12 Why You Shouldn't Buy Individual Stocks 139

13 How Soon Should You Invest? 148

14 Why You Shouldn't Wait to Buy the Dip 167

15 Why Investing Depends on Luck 180

16 Why You Shouldn't Fear Volatility 191

17 How to Buy During a Crisis 202

18 When Should You Sell? 215

19 Where Should You Invest? 230

20 Why You Will Never Feel Rich 249

21 The Most Important Asset 259

Conclusion: The Just Keep Buying Rules 267

Acknowledgments 275

Endnotes 277

Editorial Reviews

"Nick has a genuine gift - while he uses rigorous empirical evidence to make his case, he also manages to tell the story in such a way to keep the reader's attention and give them practical, actionable advice. In addition, he has just enough of a mischievous streak to challenge some long-held assumptions about investing, but in a manner that makes the empirical data a fresh, interesting story. Investors, new and old, will benefit from Nick's practical approach to investing."
James O'Shaughnessy, Founder and Chairman, OSAM LLC, and New York Times Business and BusinessWeek bestselling author, What Works on Wall Street

“Nick Maggiulli clearly delights in flouting the received wisdom about how people should manage their money. The end result is a book that’s full of both aha moments and practical takeaways. As a fellow writer about personal finance, I felt a creeping sense of jealousy in what I was reading. Nick takes the tired topics of how to save and invest well and managed to make them utterly fresh and even quite a bit of fun.”
Christine Benz, Director of Personal Finance, Morningstar

“The first time I read Nick Maggiulli's writing I knew he had a special talent. There are lots of good data scientists, and lots of good storytellers. But few understand the data and can tell a compelling story about it like Nick. This is a must read.”
Morgan Housel, bestselling author of The Psychology of Money

“Just Keep Buying is the ideal combination of thoughtful and actionable. Maggiulli not only uses evidence to guide his suggestions, but he is also among the best at boiling everything down into ideas that are easy-to-understand and apply.”
James Clear, #1 New York Times bestselling author of Atomic Habits

From the Publisher