You’ll Never GET Rich If You Do This

Summary

• People often believe they need seven income streams because they've heard the average millionaire has seven. But that's misleading.
• The truth is, millionaires focus on one main income stream and take it all the way to the top before diversifying.
• It takes a lot of effort to make an opportunity work until you see real progress and success.
• Spreading your effort across seven different opportunities too soon leaves you with seven incomplete projects and no real success.
• Focus on one thing, make it successful, and then you can look at other opportunities to diversify.

Video

How To Take Action

I would suggest focusing on one main venture first. Don't spread yourself thin trying to juggle multiple projects. Pick that one idea or business you really believe in, and give it everything you've got. It’s like cooking one dish really well rather than trying to cook seven meals at once and burning all of them.

A good way of doing this is by being disciplined with your time and energy. Devote most of your resources to this primary project until it starts generating consistent success. This means setting clear goals and regularly tracking your progress to make sure you're moving in the right direction.

Another strategy is to keep learning about your main venture. Read books, watch videos, or listen to podcasts relating to your business. Learning more helps you innovate and find unique solutions to problems, which will push your venture forward.

Once this main venture is stable and successful, consider automating parts of it. This will help free up your time, making it easier to start exploring new opportunities without spreading yourself too thin.

Finally, remember that patience is key. Building a successful income stream takes time and effort. Don’t rush into diversifying too soon. Wait until you see significant gains and you’re truly ready to handle multiple streams. This way, when you do diversify, each new venture will have a solid foundation to stand on.

Full Transcript

people say that you need seven income streams because the average millionaire has seven income streams but it conflates order the reason the average millionaire has seven income streams is because they did one all the way to the top and then they diversify at the end but what they don't realize is that it takes this much work to get the opportunity to flow over and actually be fully realized and so it's zero to one up to here you never see progress until you get to the top and so they tell you oh yeah if you spread your workout between seven opportunities somehow it's going to work but all you end up with is seven half-filled cups with zero realization of an opportunity