The Pathless Path with Paul Millerd

#132 Making Money Simple & Smart - Nick Maggiulli on blogging into a new career, writing for smart people, building relationships in the finance world, the lifestyle creep myth, dying with too much money, and money emotions

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Feb 6, 2023
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ADVICE

Convert Costs To Time-Oriented Decisions

  • Value your time when deciding marginal purchases by converting cost into per-use or hourly comparisons.
  • Nick uses per-use math and hourly wage comparisons to justify paying more for convenience like direct flights or owning an e-bike.
ANECDOTE

Blogging Led To A Data Role At Ritholtz

  • Nick met Ritholtz team, offered to analyze their data, and they hired him despite the risk.
  • That hire let him combine a technical full-time role with his public writing and avoid compliance issues from his previous firm.
ADVICE

Ditch Jargon; Explain The Small Stuff

  • Explain concepts plainly and avoid jargon to keep readers engaged.
  • Nick insists on defining terms like basis points so smart readers still understand without being patronized.
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