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

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) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/

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