Episode 436: How To Climb The Wealth Ladder & Build Wealth at Every Stage of Life With Nick Maggiulli
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 23 July 2025
⏱️ 45 minutes
🧾️ Download transcript
Summary
Nick Maggiulli, bestselling author of Just Keep Buying and The Wealth Ladder, returns to the Journey to Launch podcast to share practical, data-driven insights for building wealth at any stage of life.
In this conversation, Nick breaks down the six stages of financial progress using his new "Wealth Ladder" framework, explaining how to make smarter decisions with your money based on where you are on the ladder. From tackling low net worth to scaling into the millionaire range, Nick offers real talk on income, spending, and the mindset needed to grow wealth over time without sacrificing your life in the process. We also touch on work-life balance, the myth of overnight success, and why increasing your income is often more important than extreme frugality.
In this episode, you’ll learn:
- The six levels of the Wealth Ladder and how to figure out where you are
- The “0.01% rule” and how to spend guilt-free based on your liquid net worth
- Why income is the biggest driver of wealth and how to grow it
- What most wealthy people do differently
- How Nick balances full-time work, writing, and life and what he plans to change after marriage and starting a family
- Why it's more impactful to "give now, not later" when supporting your loved ones
Transcript
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| 0:00.0 | I think in every iteration of the universe, Warren Buffett is a multi-multimillionaire. |
| 0:06.2 | I'm not debating that. |
| 0:07.4 | I'm not saying he's lucky. |
| 0:08.3 | But to get to that level of the multi-multi-billions, I think there's always some luck involved, right? |
| 0:12.9 | One wrong move somewhere 50 years ago and maybe he only ends up with $200 million. |
| 0:17.0 | And he's still famous, but not as famous. |
| 0:25.6 | Welcome to the Journey to Launch podcast with your host, Jamila Sufron. As a money expert who walks her talk, she helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:35.8 | Join her on the Journey to Launch to Financial Freedom in five, four, three, two, one. |
| 0:47.0 | If you want the episode show notes for this episode, go to Journey to Launch.com or click the description of wherever you're listening to this episode. |
| 0:56.2 | In the show notes, you'll get the transcribed version of the conversation, the links that we mentioned, and so much more. |
| 1:03.5 | Also, whether you are an OG journeyer or brand new to the podcast, I've created a free jumpstar guide to help you on your financial freedom journey. |
| 1:12.7 | It includes the top episodes to listen to stages to go through to reach financial freedom, |
| 1:17.5 | resources, and so much more. You can go to journey tolaunch.com slash jumpstart to get your guide right now. |
| 1:24.7 | Okay, let's hop into the episode. |
| 1:30.6 | Hey, hey, hey, journeyers. Welcome to the Journey to launch podcast. I'm so excited to have today's guest. His name is Nick Majuli. He is the author |
| 1:37.1 | of The Best Seller, Just Keep Buying, Proven Ways to Save Money and Build Your Wealth. He was actually |
| 1:42.8 | on the podcast on episode 271, a bit back. can check out that episode and he's the author of the new book, |
| 1:50.4 | The Wealth Ladder, Proven Strategies for Every Step for Your Financial Life. Of course, he also |
| 1:56.0 | writes weekly for of dollars and data, which is a very popular blog in the personal finance space, |
| 2:01.7 | which focuses on the intersection of data and personal finance. Welcome back to the show, Nick. |
| 2:07.7 | Thank you for having me back on. I truly appreciate it. Yeah. So before I pressed record, |
| 2:13.7 | you just said, you know, you work still full time. You have a job. Yeah Full-time job. And you run a blog that's successful. You write weekly on that. And I think you're very active on Twitter or X, as they call it now. Right? Like, I feel like your stuff pops up a lot for me. And, I mean, you're writing or you wrote your second book. I think that's very interesting as someone who, you know, Dredi Tosh is my full-time thing now, |
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