Episode
#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
1:01:45
Published: Thu May 26 2022
Description
Nick Maggiulli is the creator of Of Dollars And Data and the Chief Operating Officer at Ritholtz Wealth Management. He has published a post on his blog every week since 2017. Most recently, he published his first book (Just Keep Buying: Proven Ways To Save Money And Build Your Wealth), which has sold over 10,000 copies in the first month. In this conversation, we speak about what it felt like to get mentioned on The Tim Ferriss Show, the power of books, how Morgan Housel has served as a mentor for Nick, and much more. The video version of this podcast is available on Spotify and YouTube. Topics discussed: (0:00) Intro (0:33) Tooth fairy (2:23) How does skepticism impact you? (5:08) Starting a blog (and the slow grind) (8:35) Moments of quitting? (10:48) How has motivation changed for Nick? (13:21) Going on a book tour and repeating himself? (15:25) Optimism toward future progress (17:03) Does paying attention to the news impact Nick? (18:08) The power of books (19:21) How many hours to write Just Keep Buying? (20:13) Most unexpected challenge when writing the book? (22:03) Nick’s $500,000 goal by 30 (23:40) Is high expectations a new phenomenon? (26:23) Dealing with existential dread in early 20s (27:46) What would Nick recommend to young people who don’t know? (29:36) “I’ll probably never write a book” –Nick, May 2020 (34:23) Do family and friends rely on Nick as a data scientist? (35:49) Words matter (37:54) Taleb’s Turkey Problem (40:03) Winners keep winning true for nations as well? (42:24) Morgan Housel as a mentor (44:48) Shouted out on Tim Ferriss Show (46:50) “No medals for prevention, only cures” (49:07) Appreciation for Mark Zuckerberg (51:23) Creating as a part of your being (53:03) How to be kinder Nick’s book (Just Keep Buying) – https://www.amazon.com/Just-Keep-Buying-Proven-wealth/dp/0857199250 Nick's Twitter – https://twitter.com/dollarsanddata Nick's Website – https://ofdollarsanddata.com/ Resources Mentioned: Escape From Freedom by Erich Fromm – https://www.amazon.com/Escape-Freedom-Erich-Fromm/dp/0805031499 How To Write Weekly and Accelerate Your Career (Nick Maggiulli + David Perell) – https://www.youtube.com/watch?v=7HI5CISSPms Continue the conversation with me... 🎙Podcast: https://podfollow.com/1532160275/view 🐣 Twitter: https://twitter.com/heydannymiranda 📸 Instagram: https://instagram.com/heydannymiranda 🕺 TikTok: https://tiktok.com/@heydannymiranda 🚨 Newsletter: https://dannymiranda.com/tuesday-treasure
Chapters
A person shares their childhood memory of losing their first tooth in school and finding out about the Tooth Fairy.
00:00 - 01:19 (01:19)
Summary
A person shares their childhood memory of losing their first tooth in school and finding out about the Tooth Fairy.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The effectiveness of supplements has mixed evidence, but some believe in their protective benefits.
01:19 - 05:03 (03:44)
Summary
The effectiveness of supplements has mixed evidence, but some believe in their protective benefits. While skepticism may be helpful, it is important not to be too gullible or dismissive, as this may lead to missing out on necessary health interventions.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
David Perell describes how he found his passion for writing and how it has led him to live a fulfilling life.
05:03 - 09:50 (04:46)
Summary
David Perell describes how he found his passion for writing and how it has led him to live a fulfilling life. Writing has become a central part of his life where he can spend 10 hours a week working on his craft.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker discusses the importance of prioritizing mental health during times of crisis, such as market crashes or global pandemics, and how it's crucial not to guilt oneself over productivity.
09:50 - 13:49 (03:59)
Summary
The speaker discusses the importance of prioritizing mental health during times of crisis, such as market crashes or global pandemics, and how it's crucial not to guilt oneself over productivity.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker discusses how things have generally been improving in the last couple of hundred years and makes reference to the famous financial author, Kiyosaki, while acknowledging the need to repeat ideas for clarity.
13:49 - 17:04 (03:14)
Summary
The speaker discusses how things have generally been improving in the last couple of hundred years and makes reference to the famous financial author, Kiyosaki, while acknowledging the need to repeat ideas for clarity.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The author of an investment book discusses the price of $17 and how it could potentially save readers money in their investment decisions, while also noting the long-term perspective is more important than obsessing over daily market movements.
17:04 - 20:49 (03:45)
Summary
The author of an investment book discusses the price of $17 and how it could potentially save readers money in their investment decisions, while also noting the long-term perspective is more important than obsessing over daily market movements.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The opportunity cost of time is often overlooked when we try to optimize our lives.
20:49 - 24:55 (04:06)
Summary
The opportunity cost of time is often overlooked when we try to optimize our lives. It's important to prioritize learning skills that will have greater impact in the future rather than getting bogged down with tasks that won't matter in the long run.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker discusses the contrast between communist/socialist societies and Western societies, highlighting the existential dread that comes with the freedom and control of one's life in the latter.
24:55 - 29:55 (04:59)
Summary
The speaker discusses the contrast between communist/socialist societies and Western societies, highlighting the existential dread that comes with the freedom and control of one's life in the latter. Exploratory efforts result in understanding individual likes and dislikes, while the accuracy of life predictions decreases with time.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The book "Just Keep Buying" by Mike Zhe is discussed, including how COVID-19 influenced its title.
29:57 - 32:06 (02:09)
Summary
The book "Just Keep Buying" by Mike Zhe is discussed, including how COVID-19 influenced its title.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
In this conversation, the speaker reflects on how using the appropriate words can significantly alter the meaning of a sentence, highlighting the importance of being mindful of our language.
32:06 - 35:59 (03:52)
Summary
In this conversation, the speaker reflects on how using the appropriate words can significantly alter the meaning of a sentence, highlighting the importance of being mindful of our language.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The US stock market's growth is not infinite due to the eventual end of human civilization, but it is likely that it will continue to grow in the next 15 years, after adjusting for inflation and including dividends.
35:59 - 42:39 (06:40)
Summary
The US stock market's growth is not infinite due to the eventual end of human civilization, but it is likely that it will continue to grow in the next 15 years, after adjusting for inflation and including dividends. Language should be carefully considered in discussing growth, and some agencies may have ulterior motives in misleading people.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The value of personal connections in reading goes beyond just algorithms and search engines.
42:39 - 46:29 (03:50)
Summary
The value of personal connections in reading goes beyond just algorithms and search engines. When people know a person is legitimate and not just saying something for personal gain, the recommendation carries more weight.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
Discussing the potential benefits of investing in interventions such as reducing obesity and promoting healthy habits to prevent metabolic problems and reduce the need for end of life care.
46:29 - 50:52 (04:23)
Summary
Discussing the potential benefits of investing in interventions such as reducing obesity and promoting healthy habits to prevent metabolic problems and reduce the need for end of life care. Also discussing the flawed premise of the film The Social Network.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker discusses the importance of being kind and the sacrifices they would make, including not being able to exercise and only being able to read Twitter as long as they could never tweet.
50:52 - 53:59 (03:06)
Summary
The speaker discusses the importance of being kind and the sacrifices they would make, including not being able to exercise and only being able to read Twitter as long as they could never tweet.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker shares an experience of a doctor having significant medical school debt and being unable to make ends meet.
53:59 - 57:33 (03:34)
Summary
The speaker shares an experience of a doctor having significant medical school debt and being unable to make ends meet. The story highlights the concerning issue of student debt and the need for support rather than judgment from society.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker shares a personal anecdote about realizing and correcting a negative behavior towards a classmate, and encourages listeners to be positive and give people the benefit of the doubt in order to promote positive energy in interpersonal relationships.
57:33 - 1:00:58 (03:24)
Summary
The speaker shares a personal anecdote about realizing and correcting a negative behavior towards a classmate, and encourages listeners to be positive and give people the benefit of the doubt in order to promote positive energy in interpersonal relationships.
Episode#232: Nick Maggiulli [VIDEO] – From Blogging To Getting Mentioned On Tim Ferriss
PodcastThe Danny Miranda Podcast
The speaker hired a professional to read their audio book instead of doing it themselves, because professionals do it for a living and people like the audio book.
1:00:58 - 1:01:44 (00:45)
Summary
The speaker hired a professional to read their audio book instead of doing it themselves, because professionals do it for a living and people like the audio book. They recommended the person they hired for the job and invited listeners to check out the audio book and connect with them on Twitter.