If you want to go past 10 million, aka level five, you have to completely change your strategy.

Unlike everything so far in the wealth ladder, like going from level three to level four is

usually just like having a higher paying job and just being able to save more and invest well.

And you know, you just give it time.

And that's a lot of it too, like time's a piece of it.

The difference between, you know, level four and level five is not just time.

Welcome to Bankless. This is Ryan Sean Adams, just me today. You guys know crypto is a technology

for both generating and for storing wealth. The question is, what is wealth? Every once in a while,

I like to do an episode on wealth just to set the foundation. Because just like crypto, wealth can be a freedom technology. And if it's used well, that's exactly what it is. It can also be a trap. Sahil Bloom reinforced this idea for me in his book, The Five Types of Wealth. We did an episode on that. It's great conversation.

We'll include a link in the show notes for you. Now this episode with Nick Majuli, our guest,

swings the focus back towards one type of wealth, net worth. So picture a ladder. You start with nothing.

Then as you climb each rung of the ladder, your strategy needs to change in order to get to the

next level. You hit 10K and then you hit 100k in net worth, then a million, and then 10 million

and beyond. How do you climb each rung of this wealth ladder? What strategies do you need to achieve

deca millionaire status? Also, everyone assumes they want 10 million in net worth,

but is it worth it? These are all topics we discuss in today's episode. Again, to round out this

conversation, I do encourage you to listen to the episode we did with Sahil on the five types of

wealth, because I don't want you guys getting stuck on a wealth treadmill to nowhere. But if you do want to climb, I think this episode will help. We'll get right to the episode. But before we do, I want to thank the sponsors that made this possible. In the wild west of Defi, stability and innovation are everything, which is why you should check out Frax Finance. The protocol revolutionizing stable coins, defy, and Rolex. The core of Frax Finance is FraxUSD, which is backed by BlackRock's institutional biddle fund. Frax designed FraxUSD for besting class yields across defy, T-bills, and carry trade returns all in one. Just head to Frax.com, then stake it to earn some of the best yields in Defi. Want even more? Bridge your FraxUSD over to the Fraxtal Layer 2 for the same yield plus Fractyl points and explore Fractyl's diverse Layer 2 ecosystem with protocols like Curve, Convex, and more, all rewarding early adopters. Frax isn't just a protocol. It's a digital nation, powered by the FXS token and governed by its global community. Acquire FXS through FRAX.com or your go-to decks, stake it and help shape FRAX Nation's future. Ready to join the forefront of Defi, visit FRAX.com now to start earning with FRAXUSD and staked FRAXUSD. And for Bankless listeners, you can use FRAX.com slash R slash bankless when bridging to fraxil for exclusive fractal perks and boosted rewards.

Imagine a world where traditional finance meets the power of blockchain seamlessly.

That's what Mantle is pioneering with blockchain for banking, a revolutionary new category at the intersection of Tradfai and Web3.

At the heart is you are, the world's first money app built fully on chain. It gives you a Swiss iBan account, blending fiat currencies like the Euro, the Swiss franc, the United States dollar, or the Raminbi with crypto, all in one place. Enjoy real world usability and blockchain's trust and programmability. Transactions post directly to the blockchain, compatible with Tradfai Rails, and packed with integrated DFI futures.

UR transforms Mantle Network into the ultimate platform for on-chain financial services, unifying

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