What Saying Do People Need to Ignore?
Leonard Kim
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Leonard Kim
Award Winning Top 50 Digital Marketer, according to Forbes, Brand24, Awario, Buzzsumo, etc. SEO | Growth | Demand Generation | Content etc. TEDx Speaker | McGraw-Hill Author | ???????????????? [email protected]
"Don't put all your eggs in one basket."
This term only applies to the wealthy.
When you're wealthy, you diversify.
When you're trying to become wealthy, you put all your energy and focus into one thing, until you become wealthy. Then, you diversify.
I don't know a single person who got rich by trying to run twenty businesses at once. They became successful by focusing on just one first.
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Leonard blogs at LeonardKim.com
Leonard Kim is Managing Partner at InfluenceTree. At InfluenceTree, Leonard and his team teach you how to build your (personal or business) brand, get featured in publications and growth hack your social media following.
Connect with him on LinkedIn or send him a message at [email protected].
Controller at Rudolph and Sletten Inc.
7 年Hahaha! So true. I always like to sound financially responsible & be like Warren Buffett when I advice my family and friends that the key important thing to investing is to "Diversify, Diversify, Diversify!" But secretly, I am anything but. I go big or go home. I invest 96% of what little I have in 7 tech stocks & the rest, 4% on 1 Casino name. 12% are Chinese companies & the rest are U.S. companies. I just started investing about 1.5 years ago & have returned a 40% profit on my overall portfolio. I can take this high amount of risk because I'm young (at least I feel like I am ??) & I don't have much to lose. Caveat - Then I monitor?? the market like a hawking owl. To me, to make it big, we have to be willing to take big calculated risks & be ready to stomach the pain during the downturns & still push through! It'll be all worth it in the end!