Are You Saving Too Much? | with Nick Maggiulli - E60

Are You Saving Too Much? | with Nick Maggiulli - E60

Author: Jesse Cramer August 2, 2023 Duration: 52:07

Today, I'm going to share the five false proxies leading people astray in their financial goals. In fact, what if I told you a recent study revealed your $1 million investment principal was more likely to quadruple than remain flat even after decades of enjoying a 4% withdrawal rate? Would you rethink your saving strategy? Would you consider passing along some of your inheritance sooner in life? With that said, how do we come close to dying with zero? Our guest today has plenty of thoughts on bolstering the longevity of our finances, and surprisingly, his number one tip has nothing to do with your money. We also discuss lump sum investments vs dollar cost averaging and if you should be worrying about pennies when you might be missing out on dollars. I hope you enjoy my conversation with the creator of Of Dollars and Data, Nick Maggiulli.

Mentions:

Just Keep Buying: Proven Ways to Save Money and Build Your Wealth: https://amzn.to/3DCXs43

Die With Zero: Getting All You Can from Your Money and Your Life: https://amzn.to/3DAXnhs

Outlive: The Science and Art of Longevity: https://amzn.to/457Yh0D

 

More of Nick:

Blog: https://ofdollarsanddata.com/

LinkedIn: https://www.linkedin.com/in/nicholasmaggiulli

 

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at jesse@bestinterest.blog

 

The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.


Navigating the world of money can feel overwhelming, with a constant stream of conflicting tips and trendy, quick-fix schemes. Personal Finance for Long-Term Investors-The Best Interest cuts through that noise. Host Jesse Cramer brings a unique perspective to the conversation, transitioning from his background as an aerospace engineer to his work as a fiduciary financial advisor. This podcast is built on the principle that genuine wealth isn't built overnight through speculation, but through consistent, well-reasoned decisions made over decades. Each episode delves into the mechanics and mindset required for that journey, exploring topics like retirement planning, intelligent investing, and the behavioral aspects of managing money. You'll find discussions that go beyond surface-level advice, examining the "why" behind proven strategies and how to apply them to your own life. The tone is conversational and grounded, avoiding financial jargon in favor of clear explanations. It’s a resource for anyone tired of the hype and seeking a sustainable path forward. By focusing on evidence-based ideas and patient execution, this podcast aims to provide listeners with the tools and confidence to build a secure financial future on their own terms. Tune in for a thoughtful, long-term approach to personal finance that prioritizes your best interest.
Author: Language: English Episodes: 143

Personal Finance for Long-Term Investors
Podcast Episodes
The 14 Retirement Risks - And How to Beat Them (Pt 2) - E141 [not-audio_url] [/not-audio_url]

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The 14 Retirement Risks - And How to Beat Them (Pt 1) - E140 [not-audio_url] [/not-audio_url]

Duration: 39:22
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Debate! ...Taking Sides On 10 Retirement Sub-Topics (E139) [not-audio_url] [/not-audio_url]

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Retirement planning doesn't need to be rocket science. But it's also not ABCs and 123s. There's a middle ground of simplicity, but not over-simplicity. That's the topic on today's Ask Me Anything episode. Looking for a f…
Target Date Funds: More Flawed Than Advertised (E137) [not-audio_url] [/not-audio_url]

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Target date funds can be good. But most are not. That's the uncomfortable fact we'll dive into in today's episode. Looking for a financial planner? → PlanWithJesse.com Jesse delivers a critical re-evaluation of target da…
He Retired Early - Here's What No One Warned Him About (E136) [not-audio_url] [/not-audio_url]

Duration: 52:49
In today's replay of episode 62, Jesse is joined by Fritz Gilbert—retirement blogger behind The Retirement Manifesto and former corporate executive turned early retiree—for a candid and experience-driven conversation abo…
Why Trump Accounts Fall Short  (AMA, E135) [not-audio_url] [/not-audio_url]

Duration: 51:26
On his 15th Ask Me Anything episode, Jesse tackles a fresh set of listener questions with a throughline that centers on how to evaluate financial decisions in a world full of new ideas, policy noise, and competing priori…
Are You in a "Goldilocks" Retirement Range? (E132, AMA) [not-audio_url] [/not-audio_url]

Duration: 54:51
On his 14th Ask Me Anything episode, Jesse tackles a set of listener questions that expose the messy, real-world edges of financial planning—where tax rules, behavioral tendencies, and long-term strategy collide. He begi…