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347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

FromBiggerPockets Money Podcast


347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

FromBiggerPockets Money Podcast

ratings:
Length:
58 minutes
Released:
Oct 24, 2022
Format:
Podcast episode

Description

Dollar-cost averaging—you may have heard the term before, but maybe not its implications. According to Nick Maggiulli, it’s probably the easiest way to get rich with stocks, real estate, or really anything else. But what about buying the dip? Wouldn’t investing at historic lows be the wisest move to make when the markets take a tumble? Surprisingly, no! Don’t believe us? Listen on!Nick’s investing theory is simple. But, the math backs it up. Doing less will make you more money—much more money. In his book, Just Keep Buying, Nick lays down the time-tested, proven ways to build wealth without being an expert day trader, cryptocurrency coder, or stressed-out landlord. This simple system of investing will allow you to build an almost unspendable nest egg without being glued to the market charts and graphs all day long.But maybe stocks aren’t your thing. Maybe you're chasing hundred-millionaire status? Don’t worry, Nick also gives his take on achieving monumental money goals without following the same path as everyone else. No matter where you’re at in life, this is an investing lesson worth learning as early as possible!In This Episode We CoverDollar-cost averaging vs. buying the dip and which will make you more in the long runHow to invest with a falling stock market, high interest rates, and higher bond yieldsIndividual stocks vs. index funds and who should pick which type of investmentCryptocurrency, NFTs, and investing in alternative assetsThe downside of diversification and why it won’t help you build a big portfolioWhy even billionaires don’t feel like they’re rich enoughAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingMindy's TwitterScott's InstagramListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetAre FIRE Naysayers Bad at Math? Yes. with Michael KitcesClick here to check the full show notes: https://www.biggerpockets.com/blog/money-347Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 24, 2022
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.