Most financial mistakes happen because people don’t see the full picture. My Net Worth Worksheet helps you track everything in one place—so you stay informed. Get it now.

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In this episode, Nick Maggiulli, author of the acclaimed finance blog Of Dollars and Data, joins me to unpack his groundbreaking new book, The Wealth Ladder. We dive into fresh insights on how your financial strategy should evolve as you climb from one wealth level to the next. Nick reveals eye-opening rules and practical frameworks to help you spend, save, and invest smarter, no matter your current financial position.

Listen now and learn:

► A powerful, easy-to-apply rule that can simplify everyday spending decisions.

► How to clearly identify your current wealth level—and what actions might help you reach the next one.

► Surprising data insights about asset allocation at different stages of wealth.

► Why income, rather than budgeting alone, can be the most influential driver of financial progress.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(02:00) Understanding the Wealth Ladder and Its Origin

(04:21) Introducing the 0.01% Rule: A Game-Changer for Spending Decisions

(06:14) Explaining the Six Levels of the Wealth Ladder

(11:30) Considering Liquid vs. Total Net Worth for Practical Spending

(13:13) Why Focusing on Income is Crucial in Personal Finance

(17:19) Insights from the Financial Makeup of Different Wealth Levels

(21:01) What Actually Helps Climb the Wealth Ladder

(24:03) The Relationship Between Money and Happiness

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

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