Is Your Ego Making You Poor? Nick Maggiulli Reveals the Wealth Ladder Roadmap | Jake & Gino Podcast
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.
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.com
Connect with Nick:
Twitter: @dollarsanddata
Website: https://ofdollarsanddata.com
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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