DiscoverBiggerPockets Money Podcast347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich
347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

Update: 2022-10-24
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Dollar-cost averaging—you may have heard the term before, but maybe not its implications. According to Nick Maggiulli, it’s probably the easiest way to get rich with stocks, real estate, or really anything else. But what about buying the dip? Wouldn’t investing at historic lows be the wisest move to make when the markets take a tumble? Surprisingly, no! Don’t believe us? Listen on!

Nick’s investing theory is simple. But, the math backs it up. Doing less will make you more money—much more money. In his book, Just Keep Buying, Nick lays down the time-tested, proven ways to build wealth without being an expert day trader, cryptocurrency coder, or stressed-out landlord. This simple system of investing will allow you to build an almost unspendable nest egg without being glued to the market charts and graphs all day long.

But maybe stocks aren’t your thing. Maybe you're chasing hundred-millionaire status? Don’t worry, Nick also gives his take on achieving monumental money goals without following the same path as everyone else. No matter where you’re at in life, this is an investing lesson worth learning as early as possible!


In This Episode We Cover

Dollar-cost averaging vs. buying the dip and which will make you more in the long run

How to invest with a falling stock market, high interest rates, and higher bond yields

Individual stocks vs. index funds and who should pick which type of investment

Cryptocurrency, NFTs, and investing in alternative assets

The downside of diversification and why it won’t help you build a big portfolio

Why even billionaires don’t feel like they’re rich enough

And So Much More!


Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Mindy's Twitter

Scott's Instagram

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Apply to Be a Guest on The Money Show

Podcast Talent Search!

Subscribe to The “On The Market” YouTube Channel

Listen to The “On The Market” Podcast: SpotifyApple PodcastsBiggerPockets

Check Out Mindy’s 2022 Live Spending Tracker and Budget

Are FIRE Naysayers Bad at Math? Yes. with Michael Kitces


Click here to check the full show notes: https://www.biggerpockets.com/blog/money-347


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347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich