The Best Way To Build Your Personal Wealth - Nick Maggiulli - #462

Modern Wisdom

04/18/22

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77m

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Nick Maggiulli is the Chief Operating Officer for Ritholtz Wealth Management and an expert in personal finance using data analysis.

Saving money and building wealth are some of the most popular content on the internet. But what are the absolute best ways to maximise your fortune? Nick has broken down the complex world of personal finance to find out what the data says about different strategies.

Expect to learn why earning more is better than spending less, why buying the dip is a losing strategy, the easiest way to invest in the stock market, how to spend money guilt-free, why almost everyone has a backward retirement strategy, how to tell when you should sell, what the Vanderbilt's lost fortune can teach us about spending money and much more...

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Timestamps:

(00:00) Intro (01:52) Biggest Myths of Personal Finance (07:27) Should I Save or Invest? (11:44) Bitcoin, Crypto & NFTs (18:58) Spend Less or Earn More (22:49) Guilt-Free Spending (31:52) Lifestyle Creep (37:10) Renting Vs. Buying (43:06) Investing for Beginners (56:22) How Much of Success is Luck? (1:01:49) People Dying with Money (1:15:02) Where to Find Nick

Extra Stuff:

Buy Just Keep Buying - https://amzn.to/3OcdXID

Check out Nick's blog - http://ofdollarsanddata.com/

Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/

To support me on Patreon (thank you): https://www.patreon.com/modernwisdom

Episodes You Might Enjoy:

This Is How To Master Your Life - David Goggins - #577: ⁠⁠⁠lnkfi.re/SN-Goggins⁠⁠⁠

How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: ⁠⁠⁠lnkfi.re/SN-Peterson⁠⁠⁠

The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: ⁠⁠⁠lnkfi.re/SN-Huberman⁠⁠

Get in touch.

Instagram: https://www.instagram.com/chriswillx

Twitter: https://www.twitter.com/chriswillx

YouTube: https://www.youtube.com/modernwisdompodcast

Email: https://chriswillx.com/contact/

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Previous Episode

Learning From Elon Musk's Twitter Takeover - Julien Smith - #461

April 16, 2022

•

56m

Julien Smith is the CEO of Breathe, a startup founder, investor, and an author.

Elon Musk is trying to buy Twitter so I wanted to ask someone with experience of the startup world to explain what this tells us about Silicon Valley's modern approach to business and their obsession with growth.

Expect to learn what is unique about the startup mindset, why Elon might be poison pilled by Twitter's legislative documents, the difference between founders in startups and regular businesses, how not getting discouraged and just keeping going can count for a lot, why being first is a disadvantage as well as an opportunity and much more...

Sponsors:

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Timestamps:

(00:00) Intro (00:19) Elon Musk Buying Twitter (17:41) What is a Hostile Takeover? (21:55) Free Speech Alternatives (26:21) Advice for Startups (38:31) Angel Investing (44:48) The Skill of Innovating (56:15) Where to Find Julien

Extra Stuff:

Follow Julien on Twitter - https://twitter.com/Julien

Check out Julien's website - http://juliensmith.com/

Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/

To support me on Patreon (thank you): https://www.patreon.com/modernwisdom

Episodes You Might Enjoy:

This Is How To Master Your Life - David Goggins - #577: ⁠⁠⁠lnkfi.re/SN-Goggins⁠⁠⁠

How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: ⁠⁠⁠lnkfi.re/SN-Peterson⁠⁠⁠

The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: ⁠⁠⁠lnkfi.re/SN-Huberman⁠⁠

Get in touch.

Instagram: https://www.instagram.com/chriswillx

Twitter: https://www.twitter.com/chriswillx

YouTube: https://www.youtube.com/modernwisdompodcast

Email: https://chriswillx.com/contact/

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next Episode

China's Secret Playbook For War - General Robert Spalding - #463

April 21, 2022

•

67m

General Robert Spalding is a retired United States Air Force brigadier general after more than 25 years of service, a senior fellow at Hudson Institute and an author.

China has injected itself into pretty much every area of life we care about. From media to technology, energy, food, transportation and even culture. But this strategy wasn't random, it turns out that their entire plan was detailed in a book from 1999 which General Spalding is very familiar with.

Expect to learn what's actually happening with the Shanghai lockdowns, how facial recognition and drones are able to automatically fine citizens who break laws, why American companies can't stand up to Chinese demands, why China's recent increase in military spending should worry everyone and much more...

Sponsors:

Join the Modern Wisdom Community to connect with me & other listeners - https://modernwisdom.locals.com/

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Timestamps:

(00:00) Intro (00:25) What’s Happening in Shanghai? (12:54) The West’s Double Standards (22:13) Unrestricted Warfare (33:14) Why Dictatorships are so Efficient (37:43) China’s Disinformation Process (47:57) Chinese Military Strategy (56:56) The Fentanyl Crisis (1:04:06) Weakening Enemies by Deception (1:06:42) Where to Find General Spalding

Extra Stuff:

Buy War Without Rules - https://amzn.to/3vksc5i

Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/

To support me on Patreon (thank you): https://www.patreon.com/modernwisdom

Episodes You Might Enjoy:

This Is How To Master Your Life - David Goggins - #577: ⁠⁠⁠lnkfi.re/SN-Goggins⁠⁠⁠

How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: ⁠⁠⁠lnkfi.re/SN-Peterson⁠⁠⁠

The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: ⁠⁠⁠lnkfi.re/SN-Huberman⁠⁠

Get in touch.

Instagram: https://www.instagram.com/chriswillx

Twitter: https://www.twitter.com/chriswillx

YouTube: https://www.youtube.com/modernwisdompodcast