Welcome to the Jill on Money Show.

It's Friday, August 15th.

And we've got a special treat for you today because, you know, Mark and I are heading out on vacation.

I want to leave with a bang.

We have a guest.

His name is Nick Majuli.

He is the chief operating officer and data scientist at Ritt Holtz Wealth Management.

Now, why is he on?

Not for that job.

Because he wrote a really interesting book.

It is called The Wealth Ladder.

The subtitle is Proven Strategies for Every Step of Your Financial Life.

The book is essentially a framework for understanding how to build

wealth one step at a time. So what are the wealth ladders? He identifies the wealth ladders at

level one, a net worth of less than $10,000. Level two is $10,000 to $100,000, and level three is $100,000 to $1 million.

If you look at the number of households that occupy those first three levels, it's most of the

United States. The next four levels really take a jump up. Now, level four is a net worth of

$1 to $10 million. That is 16.3% of U.S. households, 21 million households. Level five, that seems

a little bit nosebleedy. 10 million to 100 million. That's about 1.7% of

U.S. households or 2 million households. And of course, the Uber, Uber, Uber rich, that's level

six, a net worth of more than $100 million. That's just 10,000 U.S. households, and it's a fraction. It's like 700th of 1%

of the people out there. For this program, we're going to start at level four, but if you really

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