Name: How to Scale Your Net Worth
Uploaded: 2025-12-16T20:57:00Z
Duration: 3 min 33 s
Description: "Your 9-5...is just not going to do it," Nick Magguilli, personal finance expert, said on Barron's Streetwise podcast.

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"We're trying to build an infrastructure at a pace the world has never seen before," Said Mike Intrator, CEO of CoreWeave. This interview was recorded on Jan. 21, 2026, at the World Economic Forum meeting in Davos, Switzerland.

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Joseph Dominguez, President and CEO of Constellation, discussed global aspects of the energy business. This interview was recorded on Jan. 20, 2026, at the World Economic Forum meeting in Davos, Switzerland.

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Constellation CEO on Transmitting Energy Globally

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Constellation CEO Sees Steady Growth for EV Demand

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Constellation CEO on Trump's Plan to Cut Mid-Atlantic Electrical Bills

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Constellation CEO on What Hyperscalers Mean For the Energy System

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BofA’s Favorite Non-AI Stocks

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Evaluating Investing Opportunities Beyond AI

Steve Quirk, chief brokerage officer at Robinhood, breaks down the value of tokenizing stocks in different markets.

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How Robinhood Reshaped the Trading Landscape for an Entire Generation

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How Ellevest Works With Advisors and Alternative Investments

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Sustainable Investing and the Wealth Transfer

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"Your 9-5...is just not going to do it," Nick Magguilli, personal finance expert, said on Barron's Streetwise podcast.

https://m.wsj.net/video/20251216/e6897805-d131-4cc4-9c59-ca03b0c0b958/1/hls/manifest-hd-wifi.m3u8

How to Scale Your Net Worth

Hey, Nick, so you've written a book and it's called "The Wealth Ladder" and I'm intrigued by that. I'm picturing Chutes and Ladders, which is a game where you wanna get the ladders and you wanna avoid the chutes. Am I close here to what you're writing about?

In a financial way, yes. I actually do talk about, you know, ways to move up different levels of wealth and then things to prevent yourself from falling down the wealth ladder. And if you're okay with it, I could explain the ladder framework. It makes it a little bit easier to kind of follow after that, right?

Yeah, sure.

There are six distinct wealth levels in the wealth ladder, and this is all using net worth. So as a reminder to your listeners, that's everything you own, all of your assets, minus all of your liabilities. So that's, imagine your home, your car, your stocks, cash in your bank account, that's on the assets side. And then you subtract any debt you have, mortgage payments, credit card, et cetera. You net that out and that's your net worth. And then based on your net worth, you're in one of the six wealth levels. Level one is less than $10,000. Level two is 10,000 to $100,000. Level three is 100,000 to $1 million. Level four is 1 million to $10 million. Level five is 10 million to $100 million, and level six is over $100 million.

All right, so now we're millionaires, we're over a million dollars, between a million and 10 million. Now, this one throws me. In here you have starting a business, that should be your focus, but I mean, that's not for everyone, is it? What if you're a wage earner but, you know, you make a good wage and you're socking away money in your retirement accounts? I mean, should everybody be thinking about starting a business or what's the importance there?

So it's the advice there is if you want to keep climbing, if you want to get to level five, specifically that is the advice, right? If you want to just like, "Oh, I need to just keep building wealth, but I'm gonna stay in level four," you don't need to change anything. I don't even recommend that at all. But if you're trying to get to level five, if you just run the math on it, like your 9 to 5 job plus saving money, plus investment returns and just not gonna do it.

You gotta get over $10 million to get to level five.

Yeah, so that's to level five. I'm saying that's a very specific recommendation. If you wanna get to level five, your 401 and all that's just not gonna get you there unless you have a really long time. And let me just give you a quick mathematical example will show this. You know, let's say you just hit a million dollars just in your investment portfolio, right? So your net worth's probably a little higher, but let's just say it's a million bucks. Let's say you earn 5% a year on that portfolio and inflation adjusted. And let's assume you save $100,000 a year, right? So how long would it take you to get to 10 million? The answer is 28 years. This is after you've already hit a million dollars. So you've already kind of accomplished this pretty big, you know, financial, like milestone. It's not easy to save a million dollars after tax or have a million dollar net worth and then you're still saving 100 K a year and you're earning 5% and it still takes 28 years. Even if you save, let's say 300,000 a year, I'm tripling, that's a lot of money. You're talking, someone's making probably close to a million bucks after costs and taxes and everything, they're saving 300 K a year, right? And still it would take them 17 years to hit 10 million. So once you start doing the math, once you get into level four, you realize you're never gonna get out unless you change your strategy. You have to go and either start a business that you sell for a bunch of money, or you have to join a startup early and get enough equity and then it grows into something that sells for a lot of money.