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Summary of Just Keep Buying 

4.6 . 1392 reviews

Short summary

Do you wish you had a more secure financial picture? Do you long for the security of always having a little cash in your savings account? You're not alone. Money is one of the main stressors in life, so it makes sense that people want to learn how to harness their financial power.

Nick Maggiulli is a best-selling author, Chief Operating Officer, and Data Scientist at Ritholtz Wealth Management. He wants to share his knowledge with you, helping you save and invest more securely and enjoyably.

With his mantra of “just keep buying,” Nick Maggiulli encourages you to buy income-producing assets in a habitual way, just as you would pay your bills. By doing that, you'll quickly line your financial nest.

“The fact is that all the expense tracking and goal setting in the world cannot make up for insufficient funds.” ~ Nick Maggiulli

Table of content

  • Summary of Just Keep Buying
  • About the author
  • What is Just Keep Buying about?
  • Who should read Just Keep Buying
  • Topics in Just Keep Buying
first key point

Money will disappear if you don’t use it wisely

Listen the first key point
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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!
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third key point

Spending without guilt is entirely possible

fourth key point

Perhaps debt isn’t the negative thing we believe it to be

fifth key point

The big question — to buy or to rent?

sixth key point

The world of investments doesn’t have to be complicated

seventh key point

Conclusion

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What is Just Keep Buying about?

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.