Tim Bornholdt

Climbing the Wealth Ladder

Stewart Butterfield expanded on this idea when he discussed what he called the “Three Levels of Wealth.” My colleague, Ben Carlson, beautifully summarized the three levels of wealth as:

  • Level 1. I’m not stressed out about debt: People who no longer have to worry about their credit card debt or student loans.
  • Level 2. I don’t care what stuff costs in restaurants: How much you spend on a particular meal isn’t impacted by your finances.
  • Level 3. I don’t care what a vacation costs: People who don’t care how expensive the hotel is or which flight they go on.

I heard Stewart Butterfield describe this idea on a podcast and was fascinated by it. Nick Maggiulli took it a step further in this article, complete with a Jay-Z reference.