Marriage Kids and Money: Personal Finance for Families Climbing the Wealth Ladder to $1,000,000 and Beyond | Nick Maggiulli
Working hard doesn’t always mean moving up the wealth ladder. Many families feel stuck — despite long hours and financial discipline — because their strategy isn’t aligned with their stage of wealth.
To help us rethink our approach, Andy Hill sits down with Nick Maggiulli, COO of Ritholtz Wealth Management and bestselling author of The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life (get it here). Nick explains his “wealth levels” framework, the six stages of net worth, and how your financial strategy should evolve at each step.
Whether you’re just starting out or on your way to millionaire status, this conversation will help you identify pitfalls, focus on the right levers, and take practical steps to keep climbing.
RESOURCES
Sponsors, Deals, and Partners that Support the Show
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MKM RESOURCES
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MKM Coaching – Get 1-on-1 support with your family finance journey.
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Coast FIRE Calculator – Find out when you can slow down or stop investing for retirement.
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Mortgage Payoff Calculator – See how fast you can become mortgage free.
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YouTube – Subscribe for free to watch videos of episodes and interviews.
RECOMMENDED RESOURCES (SPONSORS & AFFILIATES)
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Monarch Money – Best budget app for families & couples.
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Empower – Free portfolio tracker.
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Crew – HYSA banking built for families (Get an extra 0.5% APY with my partner link).
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Ethos – Affordable term life insurance.
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Trust & Will – Convenient estate planning made easy.
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The Wealth Ladder (Book) – Learn Nick Maggiulli’s strategies for every wealth level.
Podcast Chapters
00:00 – Why working harder isn’t always the answer
00:30 – Introduction to Nick Maggiulli & The Wealth Ladder
02:00 – Why effort alone doesn’t guarantee wealth
04:30 – Defining the “Wealth Ladder” framework
06:30 – The six levels of wealth in America
09:00 – Why income is the biggest driver of wealth
10:30 – Spending freedom at different wealth levels
13:00 – When investing starts to accelerate wealth building
15:00 – Level 3 realities: income vs. investments
18:00 – Homeownership as an asset vs. consumption good
20:30 – Pitfalls of ego-driven spending in Level 3
24:00 – What separates Level 3 from Level 4 wealth builders
26:00 – Nick’s personal journey to Level 4
28:00 – Mistakes and lessons learned along the way
30:20 – Solopreneurship and scaling outside your 9-to-5
32:00 – Advice for frustrated wealth builders
33:40 – Where to get The Wealth Ladder
HOW WE MAKE MONEY + DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.
Opinions are the creators alone.
Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
CREDITS
Podcast Artwork: Liz Theresa
Editor: Johnny Sohl
Podcast Support: Andy Hill
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