Diversification is what a lot of people do now. But I want to quickly add that people diversify to put food on their table. With the way the economy is going now, depending on one source of income may turn you into a beggar.
I have seen people who do a lot of things and do them well too. That's the jack of all trades and master of them all logic. I think that is an individual thing. Whatever drives you to doing multiple things, you should do them all with focus. But can you focus on so many things at the same time? Quite tacky if you ask me.
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