Just Keep Buying
Nick Maggiulli · 2022
Data blogger Nick Maggiulli reduces wealth-building to one habit, continuously buy income-producing assets, regardless of price or headlines, and uses data to show that most people over-save, over-restrict spending, and needlessly wait for market dips relative to where they actually stand on the save/invest continuum.
A data-driven case that wealth is simpler than the finance industry pretends: earn more, buy assets on schedule, and let time do the work.
Three of the ideas you’ll keep
The Clif summary of Just Keep Buying pulls out 7 insights. Here are the first three.
- Where you sit on the Save/Invest Continuum should dictate your effort: when your yearly savings dwarf your investment gains, focus on saving; once your portfolio's returns dwarf what you can add, focus on investing. The right answer changes across your life.
- Reject fixed savings-rate rules and 'Save What You Can.' Savings = Income - Spending, so a low earner with little room shouldn't feel guilt for missing an arbitrary 20% target that was never designed for their life.
- You can't cut your way to wealth. For most people the biggest lever is raising income (selling time, a skill, a product, teaching, or climbing), not shaving small expenses, a direct shot at the 'Latte Factor.'
The other 4 — and the full 11-minute summary — are in the app.
What’s inside: 9 chapters
The whole summary runs about 11 minutes, read or listened to.
- One Idea: Just Keep Buying
- The Save/Invest Continuum
- How Much to Save: Save What You Can
- You Can't Cut Your Way to Wealth
- Spending Guilt-Free: The 2x Rule and the 50% Rule
- The Big Decisions: Debt, Housing, and 'Enough'
- Why Invest, and What to Buy
- How to Buy: Even God Couldn't Beat Dollar-Cost Averaging
- Managing the Portfolio and the Endgame
Finish Just Keep Buying tonight.
Read or listen to the full summary in about 11 minutes, then keep the ideas with a minute of review a day. Start with the 2-minute quiz — no card required.
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