The Art of Manliness Podcast aims to deepen and improve every area of a man's life, from fitness and philosophy, to relationships and productivity. Engaging and edifying interviews with some of the world's most interesting doers and thinkers drop the fluff and filler to glean guests' very best, potentially life-changing, insights.
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The Art of Manliness Podcast aims to deepen and improve every area of a man's life, from fitness and philosophy, to relationships and productivity. Engaging and edifying interviews with some of the world's most interesting doers and thinkers drop the fluff and filler to glean guests' very best, potentially life-changing, insights.
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 Podcast
Nick's previous appearance on the AoM podcast: Episode #836 — Data-Backed Answers to Personal Finance Controversies
Nick's previous book: Just Keep Buying: Proven Ways to Save Money and Build Your Wealth
Nick's article: What is Coast FIRE? The Ultimate Guide to Semi-Retirement
The Missing Billionaires: A Guide to Better Financial Decisions
Connect With Nick Maggiulli
Of Dollars and Data blog
Nick on X
Nick on LinkedIn
Nick on IG
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The Art of Manliness
The Art of Manliness Podcast aims to deepen and improve every area of a man's life, from fitness and philosophy, to relationships and productivity. Engaging and edifying interviews with some of the world's most interesting doers and thinkers drop the fluff and filler to glean guests' very best, potentially life-changing, insights.