2312: [Part 1] The 7 Streams of Income to Get Rich by Nick Maggiulli

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 19 May 2023

⏱️ 9 minutes

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Summary

Nick Maggiulli shares the 7 streams of income to get rich. This is part 1 of 2. Episode 2312: [Part 1] The 7 Streams of Income to Get Rich by Nick Maggiulli The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won’t revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/7-streams-of-income/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2312, the 7th Streams of Income to Get Rich, Part
0:07.0	1, by Nick Majuli of of dollarsanddata.com, and I'm your host and personal finance enthusiast
0:13.8	Diana Mariam.
0:14.8	I have a bit of a longer post, so I'll read the first half today and then finish the
0:19.7	rest for you tomorrow.
0:21.5	So with that, let's dive into Part 1 and start optimizing your life.
0:29.7	The 7th Streams of Income to Get Rich, Part 1, by Nick Majuli of of dollarsanddata.com.
0:37.6	If you're looking to build wealth and financial stability, diversifying your streams of income
0:41.8	can be a powerful strategy.
0:44.0	By generating multiple sources of revenue, you can reduce your reliance on any single
0:48.4	income stream and increase your earning potential over time.
0:52.7	In this blog post, we'll explore 7 different streams of income that can help you achieve
0:57.4	financial independence and build long-term wealth.
1:00.6	From passive income streams like real estate income and dividend stocks to more active
1:05.2	income streams like entrepreneurship and royalties, there are a variety of ways to increase
1:10.3	your earning potential and secure your financial future.
1:14.1	So whether you're looking to supplement your current income or build a sustainable long-term
1:18.6	wealth plan, these 7th Streams of income can help you achieve your financial goals.
1:24.0	Let's dig in.
1:25.8	1. Earned Income Earned income is the most common and traditional
1:30.4	form of income that most people receive through their employment.
1:34.4	Earned income is the money you get in exchange for the time and effort you put into your job.
	...

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