646: Nick Maggiulli - Proven Strategies for Every Step of Your Financial Life (The Wealth Ladder)

Ryan Hawk interviews Nick Maggiulli, COO and Data Scientist at Ritholtz Wealth, about his new book, "The Wealth Ladder." They discuss lessons learned from chess, balancing writing with a full-time job, and how to add value in roles where it's hard to measure impact. Maggiulli explains the six levels of wealth based on net worth, the different strategies applicable to each level, and the importance of equity. He shares his personal approach to wealth, his views on money and happiness, and how he and his wife manage their finances separately yet collaboratively. The conversation also explores the concept of money as "the great enhancer" and offers advice for young professionals on following their interests to create a legacy.