
The Wealth Ladder

It reminds me of what Daniel Levinson wrote in The Seasons of a Man’s Life: One of the great paradoxes of human development is that we are required to make crucial choices before we have the knowledge, judgment, and self-understanding to choose wisely. Yet if we put off these choices until we truly feel ready, the delay may produce other, greater c
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researcher, came to a similar conclusion when discussing the experience of his friends who became wealthy. As he noted, his friends originally wanted money because they focused mostly on the things they couldn’t afford. But after they became wealthy, they thought more about what they wanted and realized that their true desires were relatively inexp
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Nick Cammarata, a writer and AI
Nick Maggiulli • The Wealth Ladder
Lastly, the most important lesson I’ve gleaned from the Wealth Ladder is how little your life is impacted by money once you have enough of it. Money matters a lot until it doesn’t. The writer Lawrence Yeo has a related article titled “The Nothingness of Money.” In it he argues that when faced with our own mortality, we quickly realize how little mo
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As the late Elie Wiesel was known to say, “The opposite of love is not hate, but indifference.”
Nick Maggiulli • The Wealth Ladder
You can’t find mental wealth in a bank balance.
Nick Maggiulli • The Wealth Ladder
Lastly, focusing on yourself and your self-esteem is another key component of mental wealth. And for many, self-esteem is built on how they perceive their social status. If you believe that you haven’t accomplished anything, then you will probably feel low status. But if you believe that what you do has purpose, then you will feel high status.
Nick Maggiulli • The Wealth Ladder
Former President Richard Nixon summarized this idea beautifully in an interview from 1977: The unhappiest people of the world are those in the international watering places like the south coast of France, and Newport, and Palm Springs, and Palm Beach. Going to parties every night. Playing golf every afternoon, then bridge. Drinking too much. Talkin
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The goal of work shouldn’t be to do less while getting paid more or to do nothing at all. The goal of work should be to find meaning in what you do.