Self-growth
Business & Career
Success
Communication
Healing
Relationships
Psychology
HappinessYou’ll learn
- Why small savings matter
- How to balance life and financial growth
- Strategies for guilt-free spending
- Wise debt usage for wealth
Table of contents
first KEY POINT
Money will disappear if you don’t use it wisely
Nick Maggiulli's grandfather was addicted to horse racing. Even though he had a monthly income of around $2200 with very little to pay out, he never invested a dime. Had he invested, he would have been a millionaire. Instead, he gambled it all away and died with zero assets at the end of his 26 years of retirement.It's effortless for money to evaporate. You only have to go out for drinks with your friends, and before you know it, a large chunk has disappeared. But, by turning your attention to saving and investing, you'll find that your mindset toward money changes for the better.
Most people avoid investing because they don't understand where to start. However, small steps and careful decisions are all it takes.
The subject of savings comes first. After all, you can't invest what you don't have. But that amount you save will differ from the amount another person may choose to invest; we all have different financial capabilities. Of course, you need to live your life comfortably and enjoy the perks of earning a regular salary, but you also need to be able to put a good amount aside for the future.But, how much?The way to work out where your focus should be is to think about how much you think you can save over the coming 12 months; this is your expected savings. Then, think about how much your investments should grow in the same amount of time; this is your expected investment growth. Which is higher?
Understanding where to place your focus is the first step toward a brighter financial future. After all, that's what we all want, isn't it?• If your expected savings are higher, you need to save more cash before you start investing.
• If your expected investment growth is higher, you need to look at how you can diversify and make the most of your investments.If you're someone who struggles to understand savings and investments, but you want to start creating a better financial future, this summary is for you. You will learn the answers to some of the most commonly asked financial questions and gain the confidence to make moves in the right direction.
second KEY POINT
Savings don’t have to be a traumatic subject
Most people want to save but never get around to it. It's not the most glamorous of subjects, but it's also a topic you should address. Putting part of your salary away every month means you can't spend it, but it also means that you're improving the quality of your future. Your future self will thank you for it!One of the biggest misconceptions about savings is that you need to put away a large chunk every month. The truth is that you probably don't need to save as much as you currently think. There is also no set amount for every person on how much they should save. It varies: every person has different responsibilities and financial needs from month to month.For example, we have been told to put away 20% of our monthly salary for many years, but that doesn't work across the board; you may find yourself a little shorter on cash in January than in August. That means you should aim to save more in August and just do what you can in January.
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first KEY POINT
Spending without guilt is entirely possible
second KEY POINT
Perhaps debt isn’t the negative thing we believe it to be
third KEY POINT
The big question — to buy or to rent?
fourth KEY POINT
The world of investments doesn’t have to be complicated
fifth KEY POINT
Conclusion
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Frequently asked questions
What is Just Keep Buying: Proven Ways to Save Money and Build Your Wealth about?
Just Keep Buying: Proven Ways to Save Money and Build Your Wealth provides practical financial advice aimed at helping readers save money and grow their wealth effectively. Authored by Nick Maggiulli, the book emphasizes the importance of investing consistently and taking advantage of market opportunities.
What are the key takeaways from Just Keep Buying: Proven Ways to Save Money and Build Your Wealth?
Key takeaways from Just Keep Buying include the importance of disciplined saving, the power of compound interest, and the necessity of viewing market fluctuations as opportunities. Maggiulli encourages readers to adopt a long-term mindset when it comes to investing and financial planning.
Is Just Keep Buying: Proven Ways to Save Money and Build Your Wealth worth reading?
Yes, Just Keep Buying is worth reading for anyone looking to improve their financial literacy and make informed investment decisions. Maggiulli's insights are grounded in data and experience, making the book a valuable resource for both beginners and seasoned investors.
How many pages is Just Keep Buying: Proven Ways to Save Money and Build Your Wealth and when was it published?
Just Keep Buying: Proven Ways to Save Money and Build Your Wealth has 256 pages and was published in April 2022. Its engaging format and practical advice make it an accessible read for those interested in personal finance.
What makes Just Keep Buying: Proven Ways to Save Money and Build Your Wealth stand out?
What sets Just Keep Buying apart is its data-driven approach to personal finance and investment strategies. Nick Maggiulli combines real-world experiences with actionable advice, making complex financial concepts easier to understand and apply.