Just Keep Buying: Proven Ways to save money and build your wealth
In “Just Keep Buying: Proven Ways to save money and build your wealth”, Nick challenges much of the conventional wisdom in personal finance and investing. He uses data and evidence to answer some of the biggest questions that people face when it comes to money. Here are 7 lessons from the book: 1. SAVE LESS THAN YOU THINK. Maggiulli challenges the conventional wisdom that you need to save a large percentage of your income to achieve financial independence. He shows how you can save less and still reach your goals, by focusing on the quality and consistency of your savings, rather than the quantity.He argues that saving too much can actually be detrimental to your long-term wealth, as you miss out on the power of compounding and the opportunity to invest in income-producing assets. He provides a simple formula to calculate how much you need to save based on your income, expenses, and desired retirement age. 2. DON'T TRY TO TIME THE MARKET. Maggiulli explains why saving up cash to ...