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 [email protected]

 

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.