10 min listen
2579: The Biggest Lie in Personal Finance by Nick Maggiulli of Of Dollars and Data on Retirement Myths
2579: The Biggest Lie in Personal Finance by Nick Maggiulli of Of Dollars and Data on Retirement Myths
ratings:
Length:
11 minutes
Released:
Jan 7, 2024
Format:
Podcast episode
Description
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Episode 2579:
Nick Maggiulli's article "The Biggest Lie in Personal Finance" exposes the oversimplified notion that reducing expenses is the key to wealth. He argues that for many, especially those with lower incomes, cutting costs isn't enough without addressing the core issues of insufficient income and systemic financial constraints.
Read along with the original article(s) here:
https://ofdollarsanddata.com/the-biggest-lie-in-personal-finance/
Quotes to ponder:
"The only 'secret' that I know to get rich is to grow your income and invest in income-producing assets."
Episode references:
Consumer Expenditure Survey, Bureau of Labor Statistics: Consumer Expenditure Surveys - U.S. Bureau of Labor Statistics.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode 2579:
Nick Maggiulli's article "The Biggest Lie in Personal Finance" exposes the oversimplified notion that reducing expenses is the key to wealth. He argues that for many, especially those with lower incomes, cutting costs isn't enough without addressing the core issues of insufficient income and systemic financial constraints.
Read along with the original article(s) here:
https://ofdollarsanddata.com/the-biggest-lie-in-personal-finance/
Quotes to ponder:
"The only 'secret' that I know to get rich is to grow your income and invest in income-producing assets."
Episode references:
Consumer Expenditure Survey, Bureau of Labor Statistics: Consumer Expenditure Surveys - U.S. Bureau of Labor Statistics.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 7, 2024
Format:
Podcast episode
Titles in the series (100)
2557: Our All-Time Favorite Frugal Things to Stuff in a Holiday Stocking by Lisa Harrison of Mad Money Monster on Budget-Free Holidays: Lisa Harrison of MadMoneyMonster.com shares creative and budget-friendly ideas for holiday stocking stuffers. by Optimal Finance Daily