

646: Nick Maggiulli - Proven Strategies for Every Step of Your Financial Life (The Wealth Ladder)
18 snips Jul 27, 2025
In this engaging conversation, Nick Maggiulli, COO and Data Scientist at Ritholtz Wealth Management, shares his insights on personal finance. He discusses how money enhances life experiences rather than being the solution to happiness. Nick compares life to chess, emphasizing practice and persistence over mere intelligence. He introduces the Wealth Ladder, breaking down financial strategies at different life stages. The discussion also touches on financial dynamics in marriage and the importance of purpose in achieving true happiness.
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Chess Practice Beats Raw Talent
- Nick Maggiulli beat his dad's adult friends at chess at age five due to practicing more, not innate intelligence.
- This early experience taught him practice and repetition can outperform raw talent in specific domains.
Consistent Weekend Writing Habit
- Maggiulli writes consistently every weekend, spending 5-10 hours to build a writing habit.
- This discipline over years helped him advance professionally and open opportunities.
Add Value Through Efficiency
- Add value by automating tasks to save colleagues’ time, increasing operational efficiency.
- Quantify value by estimating saved hours and cost if others had to do the work manually.