At TFL, we're making journeys safer for everyone, and that includes improving safety on London's

roads. That's why we and London boroughs are lowering more speed limits to 20 miles per hour,

because 20 miles per hour roads have already reduced collisions resulting in deaths or

serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.

Such TFL improvement plan to the Mayor of London and TFL every journey matters.

This is Optimal Finance Daily, Episode 2313. The seven streams of income to get rich,

part two, by Nick Majuli of of dollarsanddata.com. And on your host and personal finance enthusiast,

Diana Merriam. Today's post is actually a continuation from yesterday. So if you're new here,

it'd be best to listen to yesterday's episode first. But if you're all caught up,

let's hear part two and continue optimizing your life.

The seven streams of income to get rich, part two, by Nick Majuli of of dollarsanddata.com.

Number four, dividend income. Dividend income is a form of passive income that's earned by

owning stocks that pay dividends, which are a portion of the company's profits that are

distributed to shareholders. Dividend income is often considered a more stable form of income

compared to capital gains, as it's not tied to the fluctuations of the stock market,

and can provide a consistent stream of revenue over time. For example, during the Great Depression,

US stock prices declined by 90%, yet dividend income only dropped by 50%. This illustrates how

dividend income can act as a partial buffer against large declines in asset prices.

This does not mean that dividend income is guaranteed, as companies can reduce or eliminate

their dividends at any time. However, it's far stickier than many realize. More importantly,

compared to other forms of income, dividend income is more likely to keep pace with inflation,

as companies raise their dividends to offset higher prices.

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