Dive into the world of personal finance and you will find many questions that are the subject of endless debate. How much of your income should you save? Is it okay to get into debt? Which is better, renting a house or owning one? When it comes to the stock market, should you buy the dip?

On his blog, Of Dollars and Data, my guest cuts through the noise of personal finance by finding answers based on numbers rather than guesswork, then turns this research into advice the average person can understand. His name is Nick Maggiulli, and he is the COO and data scientist for Ritholtz Wealth Management, as well as the author of Just Keep Shopping: Proven Ways to Save Money and Increase Your Wealth. Today on the show, Nick explains what the data says about how you should address the questions I’ve already mentioned. He also shares how to spend your money guilt-free by using the “2X Rule,” the three criteria he must meet before considering buying a home, the best way to approach the idea of ​​”dollar cost averaging,” and more. . We end our conversation with the right mindset to adopt in our volatile economy.

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