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Felix Salmon, Elizabeth Spiers, and Emily Peck are joined by Max Chafkin to answer the question on everyone’s mind right now: Is the 0.01% rule garbage? Should you really not sweat any purchase that is less than 0.01% of your net worth? Do you even know your net worth?

Podcast production by Jessamine Molli and Cheyna Roth.

This episode is member-exclusive. Listen to it now by subscribing to Slate Plus. By joining, not only will you unlock weekly bonus episodes of Slate Money—you’ll also access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Slate Money | Bonus: Digging into the 0.01% Rule