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29 episodes with nick maggiulli
29 episodes with nick maggiulli
28 episodes with nick maggiulli
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4 episodes with nick maggiulli
5 episodes with nick maggiulli
5 episodes with nick maggiulli
6 episodes with nick maggiulli
3 episodes with nick maggiulli
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3408: Nick Maggiulli unpacks the rise and downfall of Atlas Trading, a group of financial influencers charged with running a $100 million pump-and-dump scheme. Through this cautionary tale, and a parallel story of extreme legal risk-taking, he exposes the dangerous allure of quick profits, while reminding us that the real pros in finance aren't making headlines; they're quietly doing honest work. Read along with the original article(s) here: https://ofdollarsanddata.com/trading-games/ Quotes to ponder: “Do not use followers as exit liquidity. Do not flex, or entice others to do your trades. Do not lie.” “The more risk you take, the more likely you are to see an extreme outcome (to the upside or the downside).” “In the game of trading, the only winning move is not to play.” Episode references: Jason Zweig – The Intelligent Investor column: https://www.wsj.com/news/author/jason-zweig SEC lawsuit press release: https://www.sec.gov/news/press-release/2022-219 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3408: Nick Maggiulli unpacks the rise and downfall of Atlas Trading, a group of financial influencers charged with running a $100 million pump-and-dump scheme. Through this cautionary tale, and a parallel story of extreme legal risk-taking, he exposes the dangerous allure of quick profits, while reminding us that the real pros in finance aren't making headlines; they're quietly doing honest work. Read along with the original article(s) here: https://ofdollarsanddata.com/trading-games/ Quotes to ponder: “Do not use followers as exit liquidity. Do not flex, or entice others to do your trades. Do not lie.” “The more risk you take, the more likely you are to see an extreme outcome (to the upside or the downside).” “In the game of trading, the only winning move is not to play.” Episode references: Jason Zweig – The Intelligent Investor column: https://www.wsj.com/news/author/jason-zweig SEC lawsuit press release: https://www.sec.gov/news/press-release/2022-219 Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli's latest article in Of Dollars & Data challenges one of the core ideas that drives personal finance blogs, podcasts, and even some of our own thinking — the belief that financial independence should be the ultimate goal. We explore the surprising downsides of chasing early retirement, the difference between financial independence and financial freedom, and why something called "Coast FIRE" might be the real goal worth aiming for. I also answer a listener question: What can retirees do to fight back against inflation? One listener asks how to protect their buying power as costs keep rising. We go over several practical, actionable ways to stretch your dollars and build an inflation-resistant retirement. Resource: Article by Nick Maggiulli in Of Dollars & Data: Why Financial Independence is Overrated Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
訪談逐字稿連結 專門針對台灣投資人的持續買進大師課 通勤族專屬折扣碼（可以折300元）：onthewayMK 大家週六愉快！本集節目為台灣時間12/27的節目 Apple Podcast訂閱最大優惠一個月免費試聽，現在加入就抽Kobo Libra Colour! 如何開啟Podcast訂閱服務 Patreon訂閱往這邊走 免費訂閱通勤精釀電子報 合作邀約請聯繫：onthewaytowork2020@gmail.com IG: @onthe_waytowork https://www.instagram.com/onthe_waytowork/ Powered by Firstory Hosting
Knih o tom, jak zbohatnout, existují stovky. Nick Maggiulli v té své ukazuje, jak šplhat po žebříčku bohatství.Kniha The Wealth Ladder (Žebřík bohatství) od Nicka Maggiulliho nepřináší jen motivační poučky, ale tvrdá data z amerických domácností. Na nich autor ukazuje, jak je ve společnosti bohatství rozložené i jak se ze spodních vrstev posouvat výš.Jemu samotnému se to povedlo. Přestože vyrůstal v rodině pradleny a řidiče, absolvoval prestižní Stanfordovu univerzitu. Založil si populární blog o financích Of Dollars and Data a dnes spravuje finance bohatým rodinám.Ve své knize dělí domácnosti do šesti úrovní podle bohatství. Jednotlivé levely se neodvíjejí od výše příjmů, ale podle čistého jmění. Což je vše, co člověk vlastní (od auta, přes dům až po úspory na penzi či jakékoliv cenné papíry) po odečtení dluhů. Každá z těchto šesti příček na žebříku bohatství, doplňuje Maggiulli, přináší určitý typ svobody.Na úroveň jedna umisťuje Maggiulli domácnosti, které žijí de facto od výplaty k výplatě, v majetku mají maximálně 10 tisíc dolarů (v přepočtu kolem 200 tisíc korun). Na úrovní dva jsou pak rodiny (majetek 10 - 100 tisíc dolarů), které nemusí v obchodě řešit, zda si koupí ta anebo o dolar dražší vejce.Úroveň tři (100 tisíc až milion dolarů) už dovoluje dopřát si jídlo v téměř jakékoliv restauraci. Od čtvrtého levelu (do jmění 10 milionů dolarů) pak panuje „svoboda cestování“, od páté úrovně (do 100 milionu dolarů) si rodina může dovolit dům, jaký si přeje. Nejbohatší skupina Američanů disponuje k tomu všemu navíc i velkým vlivem.Podobné rozdělení lze použít i pro Česko, má za to analytička One Family Office Anna Píchová, jen v našich poměrech je méně lidí mezi boháči a superboháči.*****Ve vatě. Podcast novinářky Markéty Bidrmanové. Poslechněte si konkrétní rady investorů a odborníků na téma investic, inflace, úvěrů a hypoték. Finanční „kápézetka“ pro všechny, kterým nejsou peníze ukradené.Vychází každý čtvrtek. Poslouchejte na Seznam Zprávách, Podcasty.cz nebo ve všech podcastových aplikacích.V podcastu vysvětlujeme základní finanční pojmy a principy, nejde ale o investiční poradenství.O čem byste chtěli poslouchat příště? Co máme zlepšit? A co naopak určitě neměnit? Vaše připomínky, tipy i výtky uvítáme na adrese audio@sz.cz.
#673: Welcome to Greatest Hits Week – five days, five episodes from our vault, spelling out F-I-I-R-E. Today's second letter I stands for Investing. This episode originally aired in April 2022, but the framework remains one of the most practical guides we've shared for building wealth at any age. Nick Maggiulli joins us to reveal why most young investors obsess over the wrong metrics — and shares his Save-Invest Continuum that shows exactly when your savings beat your investment returns, and when that changes. _____ When Nick Maggiulli was in his twenties, he spent countless hours obsessing over his investment portfolio – tweaking his asset allocation, running net worth projections, and building complex spreadsheets. Meanwhile, he was blowing $100 every weekend partying in San Francisco. It took him years to realize the absurdity. His annual investment returns on his tiny $1,000 portfolio might earn him $100 – the same amount he'd spend in a single night out. Maggiulli joins us to explain why young investors focus on the wrong things and shares his framework for knowing when to prioritize saving versus investing. He introduces the Save-Invest Continuum, which compares your expected annual savings against your expected investment returns. When you're starting out, your ability to save dwarfs any investment gains. A $6,000 annual savings capacity beats a $100 investment return every time. We discuss the math behind saving 50 percent of future raises, not for guilt or deprivation, but to maintain lifestyle balance while building wealth. This rule applies only to real raises above inflation. If you get a 3 percent raise during 3 percent inflation, you haven't actually gotten ahead. The conversation turns to unconventional income-producing assets. Beyond stocks and bonds, Maggiulli explores farmland investing, which offers returns uncorrelated with traditional markets. He shares the story of someone who bought the royalty rights to Jay-Z and Alicia Keys' "Empire State of Mind" for $190,000. The song earned $32,733 in royalties the previous year — an 11 percent return if that income stays constant. We examine why 85 to 90 percent of your portfolio should generate income through dividends, rent, interest, or business profits. Maggiulli keeps his speculative investments — cryptocurrency, art, and individual stocks — under 10 percent of his net worth. He admits his two individual stock picks are down 60 to 70 percent, proving his own point about avoiding stock picking. The episode reveals that time remains your most important asset. Warren Buffett would likely trade his entire fortune — and go into debt — to be 35 again. This perspective shapes every financial decision, from choosing income strategies to deciding between assets that merely appreciate versus those that pay you while you sleep. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Nick's mistake of obsessing over investments while partying away returns (05:31) The Save-Invest Continuum explained (08:11) When savings matter more than investment returns (12:31) Focusing on both saving and investing in midlife (13:11) Crossover point: when investment returns exceed spending (14:11) The 2X Rule for guilt-free spending (15:31) Save 50 percent of future raises (20:41) Five ways to increase income (26:31) Selling time versus selling skills (28:11) Teaching and creating products for income (30:11) Climbing the corporate ladder (31:11) Converting human capital to financial capital (32:31) Income-producing versus speculative assets (36:11) Individual stocks and cryptocurrency allocation (43:51) Farmland investing basics (45:31) Royalty investing example (49:31) Art and non-income producing assets (51:11) Inflation and debt strategies Learn more about your ad choices. Visit podcastchoices.com/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3376: Nick Maggiulli unpacks how wealthy individuals allocate their assets, revealing that investment strategies often depend more on access and status than on performance alone. While ultra-wealthy investors lean heavily into alternatives like private equity and hedge funds, this typically happens after wealth is accumulated, not as the path to it, offering a crucial reminder to focus on what works for your own situation rather than mimicking the elite. Read along with the original article(s) here: https://ofdollarsanddata.com/how-do-the-wealthy-invest/ Quotes to ponder: "Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks!" “Not all investing is about money, sometimes it's about status too.” “There are many ways to preserve and grow your wealth. The hard part is finding what works best for you.” Episode references: Michael Kitces: https://www.kitces.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's guest is Nick Maggiulli. Nick is the COO for Ritholtz Wealth Management. He writes over at Of Dollars at Data and is the author of two books: Just Keep Buying and The Wealth Ladder. In today's episode, Nick discusses the parallels between financial and medical advice, the differences in asset ownership across wealth levels, and the importance of adapting financial strategies over time. He also explores wealth mobility, the role of luck in wealth accumulation, and the challenges of diversification versus concentration in investment strategies. (0:00) Starts (1:38) Nick explains the wealth ladder (6:48) Asset composition across wealth levels (13:48) Human capital and wealth data analysis (19:33) Diversification vs. concentration (22:44) Behavioral finance and investment strategies (25:56) Real estate ownership and investment timing strategies (36:26) Fun investing stats (44:51) Nick's most memorable investment ----- Sponsor: Alpha Architect - Learn more about Alpha Architect and important information about the fund: funds.alphaarchitect.com/caos ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3376: Nick Maggiulli unpacks how wealthy individuals allocate their assets, revealing that investment strategies often depend more on access and status than on performance alone. While ultra-wealthy investors lean heavily into alternatives like private equity and hedge funds, this typically happens after wealth is accumulated, not as the path to it, offering a crucial reminder to focus on what works for your own situation rather than mimicking the elite. Read along with the original article(s) here: https://ofdollarsanddata.com/how-do-the-wealthy-invest/ Quotes to ponder: "Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks!" “Not all investing is about money, sometimes it's about status too.” “There are many ways to preserve and grow your wealth. The hard part is finding what works best for you.” Episode references: Michael Kitces: https://www.kitces.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3376: Nick Maggiulli unpacks how wealthy individuals allocate their assets, revealing that investment strategies often depend more on access and status than on performance alone. While ultra-wealthy investors lean heavily into alternatives like private equity and hedge funds, this typically happens after wealth is accumulated, not as the path to it, offering a crucial reminder to focus on what works for your own situation rather than mimicking the elite. Read along with the original article(s) here: https://ofdollarsanddata.com/how-do-the-wealthy-invest/ Quotes to ponder: "Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks!" “Not all investing is about money, sometimes it's about status too.” “There are many ways to preserve and grow your wealth. The hard part is finding what works best for you.” Episode references: Michael Kitces: https://www.kitces.com Learn more about your ad choices. Visit megaphone.fm/adchoices
On episode 439 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the Degen Dow pain trade, the lack of euphoria, AI skepticism, long bear markets, Michael Burry's crash calls, the great stuff transfer, the Bitcoin crash, first-time homebuyers, Blue Owl and much more. This episode is sponsored by Nuveen & YCharts Invest like the future is watching. Visit https://www.nuveen.com/future to learn more. Register for the November 19th webinar with Nick Maggiulli here: WEBINAR REGISTRATION and get 20% off your initial YCharts Professional subscription HERE when you start your free YCharts trial through Animal Spirits (new customers only). Animal Spirits audience survey: https://www.surveymonkey.com/r/P6T79NB Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Find complete show notes on our blogs: Ben Carlson's A Wealth of Common Sense Michael Batnick's The Irrelevant Investor Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Where do you think you are on the wealth ladder? Just starting out and struggling to save? Sitting on six figures and wondering what's next? Or maybe you've hit a financial milestone—but it doesn't feel as life-changing as you expected.Today's episode is all about understanding what changes—and what should change—as you move up the financial ladder.My guest is Nick Maggiulli, author of The Wealth Ladder, a new book that introduces a six-level framework for wealth building and financial strategy. We dive into the key questions we all face on the journey to financial independence:How do you break out of Level 1 when you're living paycheck to paycheck?Is a side hustle actually worth your time—or just another distraction?And how should your mindset and money strategy evolve as your net worth grows?Plus, we explore his 0.01% spending rule and 1% earning rule—two powerful benchmarks to help you spend smarter and pursue income opportunities that truly move the needle.More about Nick: He is the Chief Operating Officer and a data scientist at Ritholtz Wealth Management. He's also the author of the blog Of Dollars and Data and the books Just Keep Buying and The Wealth Ladder. Hosted on Acast. See acast.com/privacy for more information.
In this episode, Steven is joined by author and COO of Ritholz Wealth Management, Nick Maggiulli. In addition to sharing all about his new book, the Wealth Ladder, Nick dives into the details of how Ritholz added tax preparation 4 years ago and the journey they've been on since. Listen to the end as Nick and Steven share examples of how integrating tax services is about more than simply hiring or acquiring. https://zurl.co/VREtU
Nick Maggiulli is the COO and data scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence. He is the author of two books, Just Keep Buying and The Wealth Ladder, and Of Dollars and Data, a blog focused on the intersection of data and personal finance. His work has been featured in The Wall Street Journal, CNBC, and the Los Angeles Times. Get his brilliant new NYT bestselling book The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life here: https://amzn.to/4qpBJE5 Also, check out his first absolutely phenomenal book, Just Keep Buying: Proven ways to save money and build your wealth here: https://amzn.to/4nIONSx Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3324: Nick Maggiulli explores how the personal finance world is shifting from emotional storytelling and appeals to authority toward logic-driven, evidence-based insights. By comparing this evolution to the transformation seen in martial arts through the rise of the UFC, Maggiulli shows why data, not dogma, is now winning hearts, and portfolios. Read along with the original article(s) here: https://ofdollarsanddata.com/the-triumph-of-logos/ Quotes to ponder: "Old, flawed ways of thinking will be pushed out by new data and evidence." "It's the feeling of knowledge that must be preserved, not the fact of it or lack thereof." "Most millionaires don't have huge houses, fancy cars, nor a caviar addiction." Episode references: Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3324: Nick Maggiulli explores how the personal finance world is shifting from emotional storytelling and appeals to authority toward logic-driven, evidence-based insights. By comparing this evolution to the transformation seen in martial arts through the rise of the UFC, Maggiulli shows why data, not dogma, is now winning hearts, and portfolios. Read along with the original article(s) here: https://ofdollarsanddata.com/the-triumph-of-logos/ Quotes to ponder: "Old, flawed ways of thinking will be pushed out by new data and evidence." "It's the feeling of knowledge that must be preserved, not the fact of it or lack thereof." "Most millionaires don't have huge houses, fancy cars, nor a caviar addiction." Episode references: Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3324: Nick Maggiulli explores how the personal finance world is shifting from emotional storytelling and appeals to authority toward logic-driven, evidence-based insights. By comparing this evolution to the transformation seen in martial arts through the rise of the UFC, Maggiulli shows why data, not dogma, is now winning hearts, and portfolios. Read along with the original article(s) here: https://ofdollarsanddata.com/the-triumph-of-logos/ Quotes to ponder: "Old, flawed ways of thinking will be pushed out by new data and evidence." "It's the feeling of knowledge that must be preserved, not the fact of it or lack thereof." "Most millionaires don't have huge houses, fancy cars, nor a caviar addiction." Episode references: Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3298: Nick Maggiulli highlights how the dating market, unlike traditional money-based exchanges, is one of the most influential forces shaping our long-term happiness. He argues that choosing the right partner is the most important decision of our lives, far outweighing financial costs, and urges us to invest time and effort into relationships with the seriousness they deserve. Read along with the original article(s) here: https://ofdollarsanddata.com/the-most-important-decision-in-life/ Quotes to ponder: "These kinds of markets are called matching markets and they will have a bigger impact on your long-term happiness than any traditional market ever will." "So how can you complain that 'dating is expensive' or 'time-consuming' when it's literally one of the best trades you can make in your life?" "Some of the best investments in life don't have a ticker symbol. They can't be found in the Wall Street Journal. They aren't something that can be bought or sold." Episode references: The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3298: Nick Maggiulli highlights how the dating market, unlike traditional money-based exchanges, is one of the most influential forces shaping our long-term happiness. He argues that choosing the right partner is the most important decision of our lives, far outweighing financial costs, and urges us to invest time and effort into relationships with the seriousness they deserve. Read along with the original article(s) here: https://ofdollarsanddata.com/the-most-important-decision-in-life/ Quotes to ponder: "These kinds of markets are called matching markets and they will have a bigger impact on your long-term happiness than any traditional market ever will." "So how can you complain that 'dating is expensive' or 'time-consuming' when it's literally one of the best trades you can make in your life?" "Some of the best investments in life don't have a ticker symbol. They can't be found in the Wall Street Journal. They aren't something that can be bought or sold." Episode references: The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices
Are your financial decisions evolving as your wealth grows? In this episode of the Rational Reminder Podcast, we welcome back Nick Maggiulli to unpack his approach to climbing the wealth ladder and creating the life you want. Nick is the Chief Operating Officer at Ritholtz Wealth Management, the author of The Wealth Ladder and Just Keep Buying, and creator of the blog Of Dollars and Data. He is renowned for his ability to take the complexity out of finance and for his deep knowledge of investing. In our conversation, Nick explains his new framework for building wealth in his new book, The Wealth Ladder, and he unpacks how spending, income, and investing should change from one level to the next. He breaks down his .01% and 1% rules for spending and income, how the opportunity cost of time changes with wealth, and what the data reveals about income, wealth, and asset composition between different levels. Nick also shares strategies to progress between levels, insights on the challenges of extreme wealth, and why focusing on non-financial forms of wealth is important. Join us for a practical, data-driven framework for thinking about financial decisions and what truly constitutes ‘enough' with Nick Maggiulli! Key Points From This Episode: (0:00:00) Nick Maggiull, his new book, and his background at Ritholtz Wealth Management. (0:03:48) The Wealth Ladder, its different levels, and why he thinks the concept is important. (0:06:59) Hear about the 0.01% rule for spending, and examples of The Wealth Ladder levels. (0:12:09) Unpack the 1% rule and how the opportunity cost of time changes up the ladder. (0:15:00) Explore how income determines wealth and how to move up and down the ladder. (0:19:47) Which level is the most common to fall, and how wealth changes up the ladder. (0:22:34) What shifting wealth composition indicates and how to move from level one to two. (0:25:48) When education should be the focus, and what it takes to move out of level three. (0:29:41) Discover the pros and cons of a side hustle and why controlled spending is crucial. (0:33:32) Learn the key to reaching level five and why people fall out of levels four and five. (0:39:20) Insights on the downsides of extreme wealth and how it impacts lifestyle. (0:42:54) How long it takes to climb the ladder and the correlation between age and wealth. (0:46:10) Why financial persistence is vital and what a typical millionaire household looks like. (0:49:00) Find out what constitutes ‘enough' financially and examples of other forms of wealth. (0:51:56) Nick shares what he hopes readers will take away from the book and how it impacted his view of success. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Nick Maggiulli — http://ofdollarsanddata.com/ Nick Maggiulli on LinkedIn — https://linkedin.com/in/nickmaggiulli/ Nick Maggiulli on Twitter — https://twitter.com/dollarsanddata Nick Maggiulli on Instagram — https://instagram.com/nickmaggiulli Ritholtz Wealth Management — https://www.ritholtzwealth.com/ Episode 145: Jennifer Risher: Talking About Money — https://rationalreminder.ca/podcast/145 Episode 255: Structured Products — https://rationalreminder.ca/podcast/255 The Panel Survey of Income Dynamics (PSID) — https://www.bls.gov/cex/cecomparison/psid_profile.htm Preston Holland on X — https://x.com/prestonholland6 Books From Today's Episode: Just Keep Buying — https://www.amazon.com/Just-Keep-Buying-Proven-wealth-ebook/dp/B09FYHZXBN The Wealth Ladder — https://www.amazon.com/dp/0593854039 Portfolios of the Poor — http://www.portfoliosofthepoor.com/ The 5 Types of Wealth — https://www.the5typesofwealth.com/ Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)
Working hard doesn't always mean moving up the wealth ladder. Many families feel stuck — despite long hours and financial discipline — because their strategy isn't aligned with their stage of wealth. To help us rethink our approach, Andy Hill sits down with Nick Maggiulli, COO of Ritholtz Wealth Management and bestselling author of The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life (get it here). Nick explains his “wealth levels” framework, the six stages of net worth, and how your financial strategy should evolve at each step. Whether you're just starting out or on your way to millionaire status, this conversation will help you identify pitfalls, focus on the right levers, and take practical steps to keep climbing. RESOURCESSponsors, Deals, and Partners that Support the Show Sponsors, Deals & Partners – See all current offers in one place. MKM RESOURCES Own Your Time – Pre-order my first book today! MKM Coaching – Get 1-on-1 support with your family finance journey. Coast FIRE Calculator – Find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator – See how fast you can become mortgage free. YouTube – Subscribe for free to watch videos of episodes and interviews. RECOMMENDED RESOURCES (SPONSORS & AFFILIATES) Monarch Money – Best budget app for families & couples. Empower – Free portfolio tracker. Crew – HYSA banking built for families (Get an extra 0.5% APY with my partner link). Ethos – Affordable term life insurance. Trust & Will – Convenient estate planning made easy. The Wealth Ladder (Book) – Learn Nick Maggiulli's strategies for every wealth level. Podcast Chapters 00:00 – Why working harder isn't always the answer 00:30 – Introduction to Nick Maggiulli & The Wealth Ladder 02:00 – Why effort alone doesn't guarantee wealth 04:30 – Defining the “Wealth Ladder” framework 06:30 – The six levels of wealth in America 09:00 – Why income is the biggest driver of wealth 10:30 – Spending freedom at different wealth levels 13:00 – When investing starts to accelerate wealth building 15:00 – Level 3 realities: income vs. investments 18:00 – Homeownership as an asset vs. consumption good 20:30 – Pitfalls of ego-driven spending in Level 3 24:00 – What separates Level 3 from Level 4 wealth builders 26:00 – Nick's personal journey to Level 4 28:00 – Mistakes and lessons learned along the way 30:20 – Solopreneurship and scaling outside your 9-to-5 32:00 – Advice for frustrated wealth builders 33:40 – Where to get The Wealth Ladder HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Andy Hill Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to building wealth, the younger generation increasingly feels that the odds are stacked against them. Home ownership is out of reach, AI is threatening mass replacement of jobs, and the cost of living remains stubbornly high. While the game may feel rigged, Nick Maggiulli, COO at Ritholtz Wealth, gives a reality check: you can't just throw in the towel. Instead, he shares his advice for navigating affordability issues, taking control of your financial situation, and climbing the wealth ladder. Check out Maggiulli's new book, The Wealth Ladder: This video is for informational purposes only and reflects the views of the host and guest, not Public Holdings or its subsidiaries. Mentions of assets are not recommendations. Investing involves risk, including loss. Past performance does not guarantee future results. For full disclosures, visit Public.com/disclosures.
The Tropical MBA Podcast - Entrepreneurship, Travel, and Lifestyle
If you've been living under a rock, you might have missed Alex Hormozi's record-breaking launch of his latest book $100M Money Models (yep, reps from Guinness World Records were there to verify.) One of the most prominent internet business gurus of our time, Alex's marketing and launch strategies paint a vivid picture of the power of “the influence equation.” Love him or hate him, his journey is inspiring for all entrepreneurs. Here are 5 takeaways from the launch, specifically for bootstrappers in the trenches. LINKS This week's sponsor: spp.co “Your billing, onboarding & projects in one client portal” (http://spp.co/) Alex Hormozi's $100M book series (https://www.acquisition.com/books) Dan's book “Before the Exit” (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs-ebook/dp/B07BN2KD1J) “The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life” by Nick Maggiulli (https://www.amazon.com/Wealth-Ladder-Proven-Strategies-Financial/dp/0593854039) Nick Maggiulli's interview on the Afford Anything Podcast (https://podcasts.apple.com/ph/podcast/nick-maggiulli-the-wealth-ladder-has-six-rungs-and/id1079598542?i=1000719716621) 22 FREE business resources for location-independent entrepreneurs (https://tropicalmba.com/resources) Meet the world's most generous global entrepreneurs inside Dynamite Circle (https://dynamitecircle.com/) Connect with 7+ figure founders like Allen inside DC BLACK (https://dynamitecircle.com/dc-black) CHAPTERS (00:00:00) Intro (00:01:07) $87M in 8 Hours: Hormozi's Record-Breaking Launch (00:06:05) Takeaway #1: The Power of the Influence Equation (00:11:53) Takeaway #2: Three Types of Media Strategy (00:14:35) This Week's Sponsor: SPP.co (00:15:53) Takeaway #3: Choose Your Extreme (00:18:40) Takeaway #4: Aggressively Do the Hardest Thing (00:20:06) Takeaway #5: Risk - The Secret to Stratospheric Wealth (00:25:08) Final Thoughts: The Corner Office Test CONNECT: Dan@tropicalmba.com Ian@tropicalmba.com Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Justin Tan, Matt Gartland, Ayman Al-Abdullah, Lucy Bella. PLAYLIST: The Changing Landscape of SEO and the Influence Equation (https://tropicalmba.com/episodes/changing-landscape-seo) What is the Michael Jordan of Business Models? (https://tropicalmba.com/episodes/michael-jordan-business-model) “When is my LTV good enough?” + Founder Mode for Bootstrappers (https://tropicalmba.com/episodes/ltv-good-enough)
Is the “long fizzle” the housing market's next chapter? With mortgage rates still high and interest rates keeping cash parked in T-bills, many buyers are sidelined, pointing to a housing market prediction of flat home prices in nominal terms and falling housing prices after inflation. Dave and analyst Nick Maggiulli connect today's risk-on/risk-off behavior back to housing and outline three paths: melt-up followed by a correction, a long fizzle, or a supply-driven drop that's least likely. Nick also shares a practical playbook so you can position for any housing market forecast, focus on income growth, keep investing steadily, and aim for “doubles” in real estate while protecting your downside. Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Property Manager Finder Dave's BiggerPockets Profile Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-351 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we're joined by Nick Maggiulli, Chief Operating Officer for Ritholtz Wealth Management LLC, to discuss his recently released book, The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life. The book is not a get-rich-quick scheme or a one-size-fits-all solution to your money problems. It's a new philosophy for thinking about money altogether, and it breaks wealth into six distinct levels, each demanding its own strategy. What works at Level 1 won't cut it at Level 6, and vice versa. Have a money question? Email us here Subscribe to Jill on Money LIVE Subscribe to Jill on Money Newsletter YouTube: @jillonmoney Instagram: @jillonmoney To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Today we're joined by Nick Maggiulli, Chief Operating Officer for Ritholtz Wealth Management LLC, to discuss his recently released book, The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life. The book is not a get-rich-quick scheme or a one-size-fits-all solution to your money problems. It's a new philosophy for thinking about money altogether, and it breaks wealth into six distinct levels, each demanding its own strategy. What works at Level 1 won't cut it at Level 6, and vice versa. Have a money question? Email us here Subscribe to Jill on Money LIVE Subscribe to Jill on Money Newsletter YouTube: @jillonmoney Instagram: @jillonmoney To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Teach and Retire Rich - The podcast for teachers, professors and financial professionals
Nick Maggiulli, Chief Operating Officer for Ritholz Wealth Management, discusses his blog Of Dollars And Data and his new book The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life. The Wealth Ladder Of Dollars And Data Learned by Being Burned (short pod series about K-12 403(b) issues) 403bwise.org Meridian Wealth Management Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
In this episode of Excess Returns, Matt Zeigler sits down with Nick Maggiulli — author of Just Keep Buying and his new book The Wealth Ladder. Nick shares his six-level framework for building wealth, why mobility between wealth levels is rarer than most people think, and how your financial strategy should evolve as your net worth grows. From grocery freedom to travel freedom, and from the risks of ego to the realities of taxes and investing at different stages, this conversation offers a practical guide to managing and growing wealth at any level.Topics Covered:The six levels of wealth and how to move between them“Grocery freedom,” “restaurant freedom,” and “travel freedom”Why moving down wealth levels is rare — and why moving up is harder than you thinkStrategies for Level 2: the role of education and income growthStrategies for Level 3: shifting focus to investing and compoundingThe importance of diversification, taxes, and risk management at higher levelsHow ego can derail wealth preservationBehavioral shifts needed when your portfolio outpaces your incomeThe impact of interest rates, taxes, and spending habits on mobilityPlanning for unknown future liabilitiesTimestamps:00:00 – Introduction to The Wealth Ladder framework01:40 – Grocery freedom, restaurant freedom, and travel freedom05:26 – Why moving down wealth levels is rare09:20 – Strategies for moving from Level 2 to Level 315:35 – Shifting from income growth to investing focus24:24 – Diversification and risk management in Level 433:20 – Ego as the most expensive thing some people own39:15 – Interest rates, taxes, and spending across levels46:00 – Planning for unknown future liabilities50:45 – Wealth mobility across generations
Nick Maggiulli's latest article in Of Dollars & Data challenges one of the core ideas that drives personal finance blogs, podcasts, and even some of our own thinking — the belief that financial independence should be the ultimate goal. We explore the surprising downsides of chasing early retirement, the difference between financial independence and financial freedom, and why something called “Coast FIRE” might be the real goal worth aiming for. I also answer a listener question: What can retirees do to fight back against inflation? One listener asks how to protect their buying power as costs keep rising. We go over several practical, actionable ways to stretch your dollars and build an inflation-resistant retirement. Resource: Article by Nick Maggiulli in Of Dollars & Data: Why Financial Independence is Overrated Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
The pursuit of wealth has never been more intense, but the path to getting there has never been steeper. Nick Maggiulli, the founder of ofdollarsanddata.com and author of “The Wealth Ladder”, joins the Express to break down the rungs of wealth, and how to navigate the climb in 2025. Plus, markets are back at record highs as investors are so over tariffs and are focusing on upcoming rate cuts, better corporate profits and the risk-parade to continue. And why tomato prices might be the best indicator for the future impact of tariffs. Learn more about your ad choices. Visit podcastchoices.com/adchoices
In today's episode with fellow money nerd, Nick Maggiulli, author of The Wealth Ladder and writer of Of Dollars & Data:
Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcastWe are live every Tuesday at 1.30pm E / 10.30am P.About Jake Jake's Twitter: https://twitter.com/farnamjake1Jake's book: The Rebel Allocator https://amzn.to/2sgip3lABOUT THE PODCASTHi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.SEE LATEST EPISODEShttps://acquirersmultiple.com/podcast/SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/FOLLOW TOBIASWebsite: https://acquirersmultiple.com/Firm: https://acquirersfunds.com/ Twitter: ttps://twitter.com/GreenbackdLinkedIn: https://www.linkedin.com/in/tobycarlisleFacebook: https://www.facebook.com/tobiascarlisleInstagram: https://www.instagram.com/tobias_carlisleABOUT TOBIAS CARLISLETobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).
On episode 182 of Ask The Compound, Ben Carlson and Duncan Hill are joined by RWM COO and Author Nick Maggiulli to discuss The Wealth Ladder, accounting for inflation in your plans, high net worth planning, career implications around moving, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com! This episode is sponsored by Betterment Advisor Solutions. Grow your RIA, your way by visiting: https://Betterment.com/advisors Subscribe to The Compound Newsletter for all the latest Compound content, live event announcements, find out who the next TCAF guest is, get updates on the latest merch drops, and more! https://www.thecompoundnews.com/subscribe If you're a financial advisor, sign up for advisor-focused content at: https://www.advisorunlock.com/
#629: Here's the thing about personal finance advice: what works when you have $10,000 won't work when you have $1 million. Yet most financial guidance treats everyone the same, whether you're scraping together a $1,000 emergency fund or deciding whether to upgrade to business class. Nick Maggiulli, author of "The Wealth Ladder," joins us to break down how money strategies must evolve as your net worth grows. He's mapped out 6 distinct wealth levels, each requiring different approaches to spending, saving and investing. The levels start simple. Level 1 covers anyone with less than $10,000 in net worth — that's 20 percent of American households. Here, bad luck gets amplified. A flat tire that costs $200 could spiral into job loss and debt if you can't afford the repair. Level 2 spans $10,000 to $100,000 in net worth. Maggiulli calls this "grocery freedom" — you can splurge on the nicer eggs without checking your bank balance. Level 3, from $100,000 to $1 million, brings "restaurant freedom." Level 4, the $1 million to $10 million range, unlocks "travel freedom." Getting beyond Level 4 — into the $10 million-plus territory — requires business ownership or extreme patience. Maggiulli calculates that even saving $100,000 annually after hitting $1 million takes 23 years to reach $10 million, assuming 5 percent annual returns. The data shows income matters more than frugality, especially in the early levels. The median household income in Level 1 is $32,000, but in Level 4 it's $197,000, and in Level 6 it reaches $4.3 million. We discuss why homeownership dominates wealth in Levels 2 and 3, how investment assets become crucial in higher levels, and why many people in Level 4 choose "Coast FIRE" over the grinding path to Level 5. Resource Mentioned: Nick's book: The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life Learn more about your ad choices. Visit podcastchoices.com/adchoices
Go to www.LearningLeader.com for full show notes This is brought to you by Insight Global. If you need to hire 1 person, hire a team of people, or transform your business through Talent or Technical Services, Insight Global's team of 30,000 people around the world have the hustle and grit to deliver. www.InsightGlobal.com/LearningLeader Guest: Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management. He is the best-selling author of Just Keep Buying: Proven Ways to Save Money and Build Your Wealth, and his latest book is called The Wealth Ladder. Nick is also the author of OfDollarsAndData.com, a blog focused on the intersection of data and personal finance. Notes: Money works as an enhancer, not a solution: Like salt enhances food flavors, money amplifies existing life experiences but has little value by itself without relationships, health, and purpose. "Money by itself is useless... without friends, family, without your health, it doesn't add much... it enhances all the other parts of life." Nick beat his dad's friends at chess when he was 5 years old because he practiced more than they did. He got more reps. He did the work. It's not that he was a chess prodigy. He just worked harder than his opponents did. And he still does that today. Practice creates expertise beyond intelligence: At five years old, Maggiulli could beat adults at chess not because he was smarter, but because he had more practice. Consistent effort over time can outcompete raw talent. "I could beat them, not because I was smarter than them, only because I had practiced something... In this very specific realm, I could beat them." Consistent writing builds compound advantages: Writing 10 hours every weekend for nine years created opportunities including book deals and career advancement. The discipline of regular practice compounds over time. "I've been writing for nine years... I spend 10 hours a week every single week for almost a decade now, and that helps over time." The most expensive thing people own is their ego. How do you add value when you're in a job that doesn't have a clear scoreboard (like sales)? Think... What gets accomplished that otherwise wouldn't have without you? Add value through time savings and efficiency: In roles where impact isn't immediately measurable, focus on how much time and effort you save others. Create systems that make your colleagues more efficient. "How do I save our operations team time? How do I save our compliance team time... I'm designing better oars that'll give us 10% more efficiency." Money amplifies existing happiness: Research shows that if you're already happy, more money will make you happier. But if you're unhappy and not poor, more money won't solve your problems. "If you're happy already, more money will make you happier... but if you aren't poor and you aren't happy, more money's not gonna do a thing." Ego is the most expensive thing people own: Trying to appear wealthier than you are prevents actual wealth building. Focus on substance over status symbols. "People in level three that wanna look like people in level four end up spending so much money to keep up with the Joneses." Follow your interests for long-term success: Passion sustains you through inevitable obstacles and rejection. Maggiulli wrote for three years without earning money because he genuinely enjoyed it. "Follow your interest because when you follow your interest, you're more likely to keep going when you face obstacles." The "Die with Zero" philosophy, advocated by Bill Perkins, encourages people to prioritize experiences and fulfillment over accumulating maximum wealth, suggesting spending money strategically to maximize lifetime enjoyment. Nick defines six levels of wealth based on net worth, ranging from $0 to over $100 million. These levels are: Level 1: $0-$10,000 (paycheck-to-paycheck), Level 2: $10,000-$100,000 (grocery freedom), Level 3: $100,000-$1 million (restaurant freedom), Level 4: $1 million-$10 million (travel freedom), Level 5: $10 million-$100 million (house freedom), and Level 6: $100 million+ (philanthropic freedom). Nick also notes a shift in asset allocation as one progresses through the levels. In the lower levels, a larger portion of wealth is tied up in non-income-producing assets like cars, while higher levels see a greater emphasis on income-producing assets like stocks and real estate. Wealth strategies must evolve by level: The approach that gets you to level four ($1M-$10M) won't get you to level five ($10M-$100M). Higher wealth levels typically require entrepreneurship or equity ownership. "The strategy that you use to get into level four is not going to be the strategy that gets you out." Know when "enough" is enough: Level four wealth ($1M-$10M) may be sufficient for most people. The sacrifices required to reach higher levels often aren't worth the marginal benefits. "The rational response for an American household once they get into level four is... maybe I take my foot off the gas and just enjoy life more." As a data scientist, Nick leverages data to provide business intelligence insights at Ritholtz Wealth Management, where he also serves as Chief Operating Officer. His work involves analyzing data to answer business questions, identify trends, and build predictive models. For example, he might analyze lead conversion rates, client attrition, or investment patterns to inform business decisions. Financial independence requires separate identities: Maintain individual financial accounts within marriage for independence and easier asset division. Pool resources for shared expenses while preserving autonomy. "Everyone needs to have their own accounts. They need to have their own money... especially important for women." Nick and his wife have a joint + separate bank account(s). Here's how it works: All of your income and your partner's income flows into this joint account. That income is used to pay for all shared expenses. Any excess left in the account (above a certain threshold) can either be left in the account or distributed equally between you and your partner (to your separate accounts). Apply to be part of my Learning Leader Circle
In this insightful episode of the BiggerPockets Money Podcast Mindy Jensen and Scott Trench delve into the practical steps for building wealth with financial writer Nick Maggiulli. They discuss his new book, 'The Wealth Ladder,' which introduces a six-level wealth ladder for assessing and enhancing one's financial strategy. From establishing emergency savings in level one to focusing on investment choices in level three and contemplating business decisions in levels five and six, Nick provides a comprehensive guide across different stages of wealth. The episode is perfect for anyone aiming to grasp a structured approach to financial independence and learn how to adapt their strategies as their wealth grows. This episode cover: The Wealth Ladder (All 6 Levels) How to adjust your portfolio over time The importance of increasing your income Balancing lifestyle upgrades with sustainable financial growth And SO much more! Learn more about your ad choices. Visit megaphone.fm/adchoices
What if everything you've learned about money completely changes once you cross the $1 million mark? Many people think a healthy 7-figure nest egg means the hardest part is done, but ironically, that's when the biggest financial challenges start. Today, Nick Maggiulli returns to share his latest retirement research, which inspired his new book, "The Wealth Ladder." In this conversation, we explore: ▸ Why retirement savers with $1-10 million often feel "stuck" ▸ The surprising reason wealthy retirees are more likely to LOSE wealth than those with less money ▸ Why your investment portfolio becomes more important than your income at this stage ▸ The academic research showing good health is worth $400,000 per year If you're nearing retirement (or already there), you'll learn why crossing the million-dollar mark isn't the finish line—it's when the game changes entirely. *** SCHEDULE A COMPLIMENTARY DISCOVERY CALL: Looking to hire a retirement and tax planning expert? We help 100+ families across the country navigate retirement, optimize investments, and reduce taxes.
Today we chat with Nick Maggiulli about his concepts around The Wealth Ladder. It is nto only an amazing book, but also the strategy of using your networth to help make decisions on how to manage your finances better. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli, bestselling author of Just Keep Buying and The Wealth Ladder, returns to the Journey to Launch podcast to share practical, data-driven insights for building wealth at any stage of life. In this conversation, Nick breaks down the six stages of financial progress using his new "Wealth Ladder" framework, explaining how to make smarter decisions with your money based on where you are on the ladder. From tackling low net worth to scaling into the millionaire range, Nick offers real talk on income, spending, and the mindset needed to grow wealth over time without sacrificing your life in the process. We also touch on work-life balance, the myth of overnight success, and why increasing your income is often more important than extreme frugality. In this episode, you'll learn: The six levels of the Wealth Ladder and how to figure out where you are The “0.01% rule” and how to spend guilt-free based on your liquid net worth Why income is the biggest driver of wealth and how to grow it What most wealthy people do differently How Nick balances full-time work, writing, and life and what he plans to change after marriage and starting a family Why it's more impactful to "give now, not later" when supporting your loved ones Other related blog posts/links mentioned in this episode: Check out Nick's book: The Wealth Ladder: Proven Strategies For Every Step of Your Financial Life Apply to Share Your Journeyer Story here. Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here! Get your copy of my book: Your Journey To Financial Freedom! Join The Weekly Newsletter List to get updates, deals & more! Leave Your Journey To Financial Freedom a review! Get The Budget Bootcamp Check out my personal website here. Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here! Connect with Nick: Website Instagram: @NickMaggiulli Twitter: @DollarsAndData Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the Private Facebook Group Join the Waitlist for My FI Course Get The Free Jumpstart Guide
Where do you think you are on the wealth ladder? Just starting out and struggling to save? Sitting on six figures and wondering what's next? Or maybe you've hit a financial milestone—but it doesn't feel as life-changing as you expected.Today's episode is all about understanding what changes—and what should change—as you move up the financial ladder.My guest is Nick Maggiulli, author of The Wealth Ladder, a new book that introduces a six-level framework for wealth building and financial strategy. We dive into the key questions we all face on the journey to financial independence:How do you break out of Level 1 when you're living paycheck to paycheck?Is a side hustle actually worth your time—or just another distraction?And how should your mindset and money strategy evolve as your net worth grows?Plus, we explore his 0.01% spending rule and 1% earning rule—two powerful benchmarks to help you spend smarter and pursue income opportunities that truly move the needle.More about Nick: He is the Chief Operating Officer and a data scientist at Ritholtz Wealth Management. He's also the author of the blog Of Dollars and Data and the books Just Keep Buying and The Wealth Ladder.
What do your financial priorities look like when you're just getting started... or when you're sitting on $100 million? If you're still stuck trying to figure out how to max out your Roth IRA and also afford dinner, this episode's going to walk you through what might be coming next—without promising you a yacht by Tuesday. This week on The Stacking Benjamins Show, Joe Saul-Sehy, O.G., and Doc G (Jordan Grumet) are joined by Nick Maggiulli, Chief Operating Officer at Ritholtz Wealth Management and author of Of Dollars and Data, to talk about lessons from his new book: The Wealth Ladder. Nick breaks down the six wealth levels, from scraping together your first emergency fund to navigating the complexities of generational wealth. They explore: Why increasing your income early on trumps frugality (sorry, coupon clippers). What “wealth plateaus” really look like, and how to recognize when your strategy needs to evolve. The hidden trap of goal obsession, featuring a cameo from world #1 golfer Scottie Scheffler. The true cost of career choices, and why opportunity cost might be the silent killer of long-term growth. Why content and code are two of the most powerful wealth-building levers available (especially when they scale without needing a lunch break). Whether you're stuck in Level 1 or fantasizing about Level 6, this episode has practical, perspective-shifting advice on building wealth—and more importantly, how to enjoy the process without losing your sense of purpose along the way. Stackers don't just want to make money—they want to master it without letting it become their master. This conversation bridges income, investing, identity, and intention in a way that gives you both clarity and confidence. You might even stop worrying about skipping that $5 latte… or realize it's time to start coding that app you keep talking about at parties. FULL SHOW NOTES: https://stackingbenjamins.com/invest-differently-and-move-faster-1712 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this episode of the Personal Finance Podcast, we are going to talk about level up your finances with the Wealth Ladder with Nick Majuli. Watch this episode on Youtube How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew's course teaching you how to invest! Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok. Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Go to https://joindeleteme.com/PFP20/ for 20% off! DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc. This episode is sponsored by Plaud https://www.plaud.ai/ — an AI wearable gadget that takes notes of meetings and calls. With Plaud, you don't have to take notes and make summaries anymore. Shop outdoor furniture, grills, lawn games, and WAY more for WAY less. Head to wayfair.com Visit www.functionhealth.com/PERSONALFINANCE or use gift code PERSONALFINANCE100 at sign-up to own your health. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com/PFP Connect with Nick Maggiulli Website Instagram X Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices
Everyone wants to climb the wealth ladder - but very few ask if they should. In this episode, Ryan sits down with Nick Maggiulli to explore the six stages of wealth, how your strategy should evolve at each level, and why reaching the top isn't always the win it seems. From early savings and side hustles to ownership leverage and lifestyle trade-offs, Nick guides us through practical, data-driven ways to build wealth, without losing sight of happiness along the way. If you're somewhere between $10K and $10M, this episode is for you. ------
You've heard the advice that to build wealth, you need to earn more, spend less, and invest consistently. But what if there was a clearer way to understand exactly where you stand financially — and what steps you should take to reach the next level?My guest, Nick Maggiulli, offers just such a framework. Nick is the creator of the Of Dollars And Data blog, the Chief Operating Officer at Ritholtz Wealth Management, and the author of The Wealth Ladder. Today on the show, he unpacks the Wealth Ladder concept, taking the complex, often overwhelming concept of personal finance and distilling it into six easy-to-understand wealth levels, each tied to specific net-worth milestones and financial freedoms.Nick walks us through each rung of the Wealth Ladder, from getting out of financial instability to achieving restaurant and travel freedom, and eventually reaching upper levels of significant financial independence. We discuss the distinct strategies you should utilize on each rung to make the most of that level and move on to the next. And we get into why your spending decisions should be based on your net worth rather than your income, how wealth allocation changes dramatically as you climb the ladder, and why increasing your earning potential becomes more important than penny-pinching as you progress.Whether you're just getting started or well on your financial journey, this episode provides actionable insights and practical wisdom for climbing the Wealth Ladder and securing a life of greater freedom and fulfillment.Resources Related to the PodcastNick's previous appearance on the AoM podcast: Episode #836 — Data-Backed Answers to Personal Finance ControversiesNick's previous book: Just Keep Buying: Proven Ways to Save Money and Build Your WealthNick's article: What is Coast FIRE? The Ultimate Guide to Semi-RetirementThe Missing Billionaires: A Guide to Better Financial DecisionsConnect With Nick MaggiulliOf Dollars and Data blogNick on XNick on LinkedInNick on IG
Today on the podcast we welcome back Nick Maggiulli. He's the author of a new book called The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life. His first book was called Just Keep Buying. In addition, Nick writes a wonderful blog called Of Dollars and Data, which is focused on the intersection between data and personal finance. In his day job, Nick is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management. He received his bachelor's degree in economics from Stanford University. Nick, welcome back to The Long View.BackgroundBioOf Dollars and DataThe Wealth Ladder: Proven Strategies for Every Step of Your Financial LifeJust Keep Buying: Proven Ways to Save Money and Build Your WealthTopics Discussed“How to Make More Without Working More,” by Nick Maggiulli, ofdollarsanddata.com, July 7, 2025.“How Much House Is Too Much?” by Nick Maggiulli, ofdollarsanddata.com, Oct. 22, 2024.“Rich vs Wealthy: Summarizing the Differences,” by Nick Maggiulli, ofdollarsanddata.com, April 18, 2023.“What Is Liquid Net Worth? [And Why It's So Important],” by Nick Maggiulli, ofdollarsanddata.com, Dec. 5, 2023.“Do You Need Alternatives to Get Rich?” by Nick Maggiulli, ofdollarsanddata.com, May 28, 2024.“Concentration Is Not Your Friend,” by Nick Maggiulli, ofdollarsanddata.com, March 14, 2023.Other“Nick Maggiulli: ‘The Biggest Lie in Personal Finance,'” The Long View, Morningstar.com, April 12, 2022.Federal Reserve Survey of Consumer Finances“High Income Improves Evaluation of Life But Not Emotional Well-Being,” by Daniel Kahneman and Angus Deaton, Princeton.edu, Aug. 4, 2010.“Experienced Well-Being Rises With Income, Even Above $75,000 Per Year,” by Matthew Killingsworth, pnas.org, Nov. 14, 2020.“Income and Emotional Well-Being: A Conflict Resolved,” by Matthew Killingsworth, Daniel Kahneman, and Barbara Mellers, pnas.org, Nov. 29, 2022.Of Dollars and Data Popular Posts“Even God Couldn't Beat Dollar-Cost Averaging,” by Nick Maggiulli, ofdollarsanddata.com, Feb. 5, 2019.Get Good With Money, by Tiffany AlicheThe Millionaire Fastlane, by MJ DeMarcoThe Intelligent Asset Allocator, by William BernsteinHow to Retire, by Christine Benz
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
On this week's Stansberry Investor Hour, Dan and Corey are joined by Nick Maggiulli. Nick is the chief operating officer of Ritholtz Wealth Management and founder of the financial blog Of Dollars and Data. His new book, The Wealth Ladder, comes out next week. Nick kicks off the show by discussing The Wealth Ladder, including the six different levels of wealth and why income is a more crucial factor to building wealth than behavior. He also talks about jobs that will be a safe haven once artificial intelligence ("AI") becomes more prevalent, the mistakes people make when buying income-producing assets, the importance of diversification, and why he prefers to invest in index funds. (0:40) Next, Nick goes in depth on the spending mistakes people make that prevent them from moving up to a higher wealth level. He touches on diversification again, using Elon Musk versus Bill Gates as an example. Plus, he covers the different strategies for different wealth levels, why it's important to still focus on the nonfinancial things in life, statistical data for whether money can buy happiness, and the significance of money being a quantifiable thing. (17:27) Finally, Nick discusses the things that financially successful people may be overlooking, why the strategy for success may vary on a case-by-case basis, and the different levels of spending freedom. He says that level two allows freedom in the grocery store, level three allows freedom at restaurants, and level four allows freedom for traveling. And he shares a handy formula for people to use when it comes to nonessential spending. (35:15)
In this episode of the Jake & Gino podcast, we sit down with Nick Maggiulli — creator of Dollars and Data and bestselling author of Just Keep Buying and Just Keep Mining. Nick breaks down his new book and signature "Wealth Ladder" framework — a six-level approach to building wealth based on net worth and financial behaviors. We discuss how your income, mindset, and investment strategy must evolve as you move up the ladder. Whether you're just starting out with less than $10K or strategizing how to break into the $10M+ wealth bracket, this conversation will help you identify where you are, what's holding you back, and what to do next.You'll also hear about:The dangers of ego-driven spending (looking at you, $800 car payments) Why most people get stuck at levels 1 and 2 Why increasing income is more powerful than cutting spending Why saving, investing, and possibly starting a business are keys to long-term wealth Grab Nick's new book Just Keep Mining and visit: https://ofdollarsanddata.comConnect with Nick:Twitter: @dollarsanddataWebsite: https://ofdollarsanddata.comSUBSCRIBE for more investing, business, and financial mindset episodes every week.Chapters:00:00:00 - Introduction 00:03:02 - What is the Wealth Ladder? The 6 Levels Explained 00:10:47 - What Assets Dominate Each Level of Wealth? 00:14:04 - Wealth Disparities & Home Ownership Data 00:14:55 - The Matsushita Story: Wealth Evolution Through Strategy Shifts 00:16:54 - Why Most People Never Reach Level 5 or 6 00:19:39 - How Income and Mindset Shape Your Net Worth 00:23:56 - Wealth as a Scorecard & Source of Purpose 00:29:31 - Key Behaviors and Strategies for Leveling Up 00:32:50 - When to Start a Business or Stay in Your Lane 00:34:45 - Best Investing Advice: Just Keep Buying 00:36:42 - Book Recommendations 00:37:32 - Gino Wraps it Up We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)
Episode 619: Happy 4th of July! On this special episode of Morning Brew Daily, author and personal finance expert Nick Maggiulli breaks down how to elevate yourself financially. He explains how his six levels of approaching your finances will elevate your life long-term, and more! Get Nick's book, "The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life", out on July 22nd here! Head to https://www.tacobell.com/morning-brew to learn more about Taco Bell's new Refrescas! Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here: https://www.swap.fm/l/mbd-note Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow
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