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Just Keep Buying | Nick Maggiulli | Ep 404

In this episode: income-producing assets, REITs, the 4% rule, optimal spending, saving too much, and why you will never feel rich.

It is believed that in order to reach FI, cutting expenses and limited spending seems like the ideal way to your end goal, but are you missing out on ways to spend-to-earn because it feels right? Well, this week we are rejoined by friend of the show and guest host Brian Feroldi to interview Nick Magguilli, author of the excellent book Just Keep Buying: Proven Ways to Save Money And Build Your Wealth. Together we discuss using data to grow your wealth and fighting the stigmatization of spending your money. On the journey to FI it is easy to focus more on saving so much that we’re afraid to spend, however, by not spending we could be missing out on assets, both monetary and non-monetary, that could bring us greater fulfillment in the present and future! By rethinking your approach to spending, rather than looking at it as something that is negative, you may find that your money can go farther for you when its spent rather than saved! 

Nick Maggiulli

Brian Feroldi


  • 1:29 – Introduction
  • 2:31 – Just Keep Buying
  • 9:27 – Income Producing Assets
  • 10:55 – Macro-Level Mind Changers
  • 14:08 – REITs
  • 16:57 – You Can Save Too Much?
  • 21:40 – How Nick Thinks Through The 4% Rule
  • 26:20 – Spending Optimally
  • 30:59 – Catching Up Financially Through Exercise
  • 34:01 – Examining 401k Maxxing
  • 38:47 – Saving Raises
  • 41:50 – Why You Will Never Feel Rich
  • 46:16 – Investment Properties & Nick
  • 47:55 – Conclusion

Resources Mentioned In Today’s Episode

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Fees, Frugality, and 401K Fears | Ep 428

On what is considered a very personal journey, how do you handle changes that feel like setbacks? Whether its spending more when you feel you should be saving, or re-evaluating goals based on what needs immediate attention, do you feel equipped to handle it with confidence? This week we are having a weekly roundup, and are re-joined by Ginger to not only answer listener’s questions, but discuss travel rewards, retirement accounts, and breaking away from the ultra frugal caricature often depicted alongside FI. While saving is an important factor on this journey, the main purpose of FI is to learn and live your life with intention as it relates to your money, goals, and values. Remember that it’s okay if some of your goals and values will change along the way! Allowing yourself to be flexible as it relates to external factors, like market volatility and your investments, will give you more power and control to continue ahead with confidence and optimism! 

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