Really enjoyed Nick's latest book The investor and complex systems aficionado in me really appreciated the scale dependence and thinking about how the scale of your wealth ($10k vs $1m) impacts what matters in terms of spending and wealth building There's a thoughtful Theory-of-Constraints angle here where the constraints sort of shift at each level. Towards level one and level two, it's really about developing your human capital, knowledge, skills, and networking. But then as you get into the middle rungs, it becomes more about leveraging your financial capital. The author in me appreciated that it's tightly written (200 pages) with nary a wasted word, and really delivers on what it says about how to do it. The human in me appreciated that it's not strictly the financial component, but also a thoughtful reflection on wealth more holistically. Part of that is the things that large amounts of wealth can cause: anxiety, divorce, friendship problems, etc. Part of that is consdiering mental wealth, physical wealth, emotional wealth, and how all those components come together to form an individual's wealth ladder. He also quotes Felix Dennis's criminally underrated and hilarious book How to Get Rich more than a couple times!
Nick Maggiulli
Nick Maggiulli22.7. klo 20.00
My book, The Wealth Ladder, is now available:
12,57K