JUST KEEP
BUYING
Proven ways to
save money and
build your wealth

Nick Maggiulli

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I mage 1 -Chapter 1

11
 Image 2 - Chapter 2

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Image 3 - Chapter 3
 I mage 4 - Chapter 3

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 Image 5 - Chapt er 3

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 Image 6 - Chapter 5

Initial Savings Rate How Much of Your Raise You

Need To Save
5% 27%
10% 36%
15% 43%
20% 48%
25% 53%
30% 59%
35% 63%
40% 66%
45% 70%
50% 76%
55% 77%
60% 79%
Image 7 - Chapter 7
Image 8 - Chapter 8
Image 9 - Chapter 8
Image10- Cha pt er 8
Image 11 - Chapter 8
Image 12 - Chapter 8
Image 13 - Chapter 8
Image 14 - Chapter 10
Image 15 - Chapter 10
Image 16 - Chapter 11
 Image 17 - Chapter 11

Asset Class Annual Pros Cons

Compounded
Return
Stocks 8%–10% High historic returns. Easy High volatility. Valuations
to own and trade. Low can change quickly.
maintenance.
Bonds 2%–4% Low volatility. Good for Low returns, especially after
rebalancing. Safety of inflation. Low income in
principal. low-yield environment.
Investment 12%–15% Higher returns (especially Managing the property can
Property when you include leverage) be a headache. Hard to
diversify.
REITs 10%–12% Real estate exposure that Volatility greater than or
you don't have to manage. equal to stocks. Crashes
when other risk assets do.
Farmland 7%–9% Lower correlation with Less liquid + higher fees.
traditional financial assets. Requires “accredited”
Good inflation hedge. status to participate.
Small 20%–25% Extremely outsized returns. Huge time commitment.
Businesses More involvement creates Lots of failures can be
more opportunity. discouraging.

Asset Class Annual Pros Cons

Compounded
Return
royalties 5%–20% uncorrelated with high seller fees. tastes can
traditional financial assets. change suddenly and impact
Generally steady income. income.
Your own variable Full ownership. personal very labor intensive. no
product(s) satisfaction. can create a guarantee of payoff.
valuable brand.
Image 18 - Chapter 13
 Image 19 - Chapter 13

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 I m a g e 2 0 - C h a p t e r 13

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 I m a g e 2 1 - C h a p t e r 13

Asset (1997–2020) Average-In Percentage of 12-Month

Underperformance Over Periods Where Average-In
12 Months Underperforms
Bitcoin (2014–2020) 96% 67%
U.S. Treausury Index 2% 82%
Gold 4% 63%
Developed Market Stocks 3% 62%
Emerging Market Stocks 5% 60%
60/40 U.S. Stock/Bond 3% 82%
Portfolio
S&P 500 Total Return 4% 76%
U.S. Stocks (1920-2020) 4% 68%

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 Image 22 - Cha pte r 13

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 I mage 23 - Cha pte r 13

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 I mage 24 - Chapt er 13

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 I mage 25 - Cha pter 13

Asset (1997–2020) Average-In Percentage of 12-Month

Underperformance Over Periods Where Average-In
12 Months Underperforms
Bitcoin (2014–2020) 96% 65%
U.S. Treausury Index 1% 72%
Gold 3% 60%
Developed Market Stocks 2% 60%
Emerging Market Stocks 4% 57%
60/40 U.S. Stock/Bond 2% 77%
Portfolio
S&P 500 Total Return 3% 74%

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 I m a g e 2 6 - C h a p t e r 13

CAPE Percentiles Average-In Percentage of 12-Month

Underperformance Over Periods Where Average-In
12 Months Underperforms
CAPE <15 (<25th percentile) 5% 67%
CAPE 15-20 (25–50th 4% 68%
percentile)
CAPE 20-25 (50–75th 3% 71%
percentile)
CAPE >25 (>75th percentile) 2% 70%

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 I m a g e 2 7 - C h a p t e r 14

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 Image 28 - Cha pte r 14

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 Ima ge 29 - Cha pter 14

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 I m a g e 3 0 - C h a p t e r 14

172

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 Image 31 - Chapter 14

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 I m a g e 3 2 - C h a p t e r 14

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 Image 33 - Chapter 14

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 I m a g e 3 4 - C h a p t e r 14

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 I m a g e 3 5 - C h a p t e r1 4

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 Image 36 - Ch apter 15

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 I mage 37 - Ch apte r 15

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 Image 38 - C h apter 15

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 Image 39 - Chapter 15

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 I m a g e 4 0 - C h a p t e r 16

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 I m a g e 4 1 - C h a p t e r 16

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 I m a g e 4 2 - C h a p t e r 16

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 I mage 43 - C hapt e r 1 6

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 I m a g e 4 4 - C h a p t e r 16

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 I mage 45 - Chapt e r 16

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 I m a g e 4 6 - C h a p t e r 16

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 I m a g e 4 7 - C h a p t e r 17

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 I m a g e 4 8 - C h a p t e r 17

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 Image 49 - Chapter 1 7

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 I mage 50 - C ha pter 17

210

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 Image 51 - Chapter 17

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 I m a g e 5 2 - C h a p t e r 17

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 Image 53 - Chapter 18

218

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 Image 54 - Chapter 18

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 Image 55- Chapter 18

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 Image 56 - Cha pter 1 8

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 Im age 57 - Chapter 18

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Image 58 - Chapter 19
Image 59 - Chapter 20
Image 60 - Chapter 20
Image 61 - Chapter 21