IN THIS EPISODE, YOU’LL LEARN:  06:02 - Why many people should put more focus on growing their income to build wealth.06:02 - How one should go about building additional income streams on the side.15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases.29:54 - Nick’s thoughts on what to do with money intended to be used as an emergency fund or a home down payment.44:27 - Why Dollar-Cost Averaging is better than trying to time the market.54:04 - Why you should reconsider maxing out your 401k if you’re currently doing so.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.Check out Nick’s new book, Just Keep Buying.Check out Nick’s blog, Of Dollars and Data.Related episode: MI115: Young Investors Getting Started w/ Kelly Lannan.Related episode: MI143: Good Money Revolution w/ Derrick Kinney.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Join Commonstock’s community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Invest in crypto and trade it without tax headaches with AltoIRA.Make documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer.Canada’s #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Read this episode’s transcript and full show notes on our website.Connect with Nick: Website | Twitter | LinkedIn   Connect with Robert (@therobertleonard): Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.