On the Fence About a Spending Decision? Try the 0.01% Rule

sciart0
Sep 22
1 min read

Nick Maggiulli, author of a new personal-finance book, proposes a way to calculate the amount of money you can spend worry-free

Quick Summary

The 0.01% rule suggests that if a purchase is 0.01% or less of your net worth, you shouldn’t stress over buying it.
The rule, created by Nick Maggiulli, can help over-savers to spend without guilt.
The 0.01% rule could be abused if applied constantly or with inflated net-worth calculations, one expert warns.

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