How To Build Wealth Starting From $0 & Why Cutting Expenses Won't Make You Rich | Nick Maggiulli

Nick Maggiulli is an author, the creator of Of Dollars And Data and the Chief Operating Officer at Ritholtz Wealth Management. Today on the show we discuss: why buying a house could be a terrible decision, how to build wealth even when you are broke, common money myths you need to stop believing, what it actually takes to hit $10M, how to enjoy your wealth guilt free, why cutting down on expenses won't make you rich and much more. ⚠ WELLNESS DISCLAIMER ⚠ Please be advised; the topics related to mental health in my content are for informational, discussion, and entertainment purposes only. The content is not intended to be a substitute for professional advice, diagnosis, or treatment. Always seek the advice of your mental health professional or other qualified health provider with any questions you may have regarding your current condition. Never disregard professional advice or delay in seeking it because of something you have heard from your favorite creator, on social media, or shared within content you’ve consumed. If you are in crisis or you think you may have an emergency, call your doctor or 911 immediately. If you do not have a health professional who is able to assist you, use these resources to find help: Emergency Medical Services—911 If the situation is potentially life-threatening, get immediate emergency assistance by calling 911, available 24 hours a day. National Suicide Prevention Lifeline, 1-800-273-TALK (8255) or https://suicidepreventionlifeline.org.  SAMHSA addiction and mental health treatment Referral Helpline, 1-877-SAMHSA7 (1-877-726-4727) and https://www.samhsa.gov Learn more about your ad choices. Visit megaphone.fm/adchoices