Episode
3601: [Part 2] The 7 Streams of Income to Get Rich by Nick Maggiulli on Financial Growth
- Published
- Jun 20, 2026
- Duration seconds
- 748
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- https://traffic.megaphone.fm/OLD2979987054.mp3
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Summary
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3601: Nick Maggiulli explores four additional ways to build wealth through dividend income, rental properties, business ownership, and royalties, weighing the trade-offs between stability, scalability, and effort. He also argues that building one strong income stream can matter more than collecting many small ones, making it easier to choose opportunities that fit your personality and lifestyle. Read along with the original article(s) here: https://ofdollarsanddata.com/7-streams-of-income/ Quotes to ponder: "By focusing on building a strong foundation, you can then leverage this income to build other income streams when the time is right." "Regardless of what you decide to do, finding the right income streams for your lifestyle and personality is far more important than having more of them." "Dividend income can be useful for those who want another passive stream of income." Episode references: S&P 500 Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ Vanguard High Dividend Yield ETF (VYM): https://investor.vanguard.com/investment-products/etfs/profile/vym Wealthfront’s high-yield Cash Account: https://wealthfront.com/OFD This experience may not be representative of other Wealthfront clients, and there is no guarantee of future performance or success. Experiences will vary. The Optimal Finance Daily Podcast, Diana Merriam (collectively "Media Partner") are not clients of Wealthfront. The Media Partner receives cash compensation from Wealthfront Brokerage for this paid endorsement placed in their video, creating a conflict of interest. More details available via the referral link. The Direct De…