At times one thing that affect majority of us in life is actually wrong decisions taken at the expense of strong desire and self confidence. Most times wrong decisions are also backed up with ignorance to know the right decisions and to take it
Trust me the issue many of us are really facing that has make our financial life to either struggle or remain in a particular point is wrong decisions. And we as humans, we can't really be blamed to an extent because we always believed our decision always are the best than what others advices us to take.
Not untill experience teaches us a lot of things and make us know that ignorance is a dead disease and even though experience is the best teacher, it is hard to even passed through the phase of learning through experience
As someone who is trying to make his or her financial life healthy and grow, it will be very dangerous you really put all your egg in one basket. One thing I have really admire in the life of Warren buffet is the ability of learning how to spread your investment portfolio
At also a time, I always have it in mind to always love the idea of putting all your egg in one basket with the aim of quickly multiplying your investment. This is really dangerous. To at some point, it might play out positively but at also a time it might play out negatively.
If you are in for investment, don't put all your funds in one investment because you just want to make faster profit and grow your investment portfolio faster. That is a great risk you might be taking. Spread your portfolio and always remember that don't put all your eggs in one basket. That is really dangerous. Learn to spread your wings
Build your financial branch as much as possible instead of relying only on one source of financial branch of income. If you are making some money through one source of income, it is idea you make use of that only one source of income and spread it to become more and more source of income you have in periods later.
Always remember that is a Great risk you are taking when you put all your eggs in one basket because you are putting the life of those eggs in danger at the expense of the safety of the baskets
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Yeah you are right, the end result of putting all eggs in one basket may lead to story that touches the heart
The age-old adage of "don't put all your eggs in one basket" is still relevant today. This is because, even though the world has become more interconnected, the risk of putting all your eggs in one basket has actually increased.
For example, let's say you're a small business owner and you get most of your business from one client. If that client suddenly decides to take their business elsewhere, you could be in serious trouble. Or let's say you're an investor and you put all your money into one stock. If that stock tanks, you could lose everything.
The moral of the story is that diversification is still key to mitigating risk. So make sure to spread your eggs out into different baskets - that way, if one basket gets dropped, you won't be left with a broken egg.
Thank you for sharing this idea.
I believe it depends on your wealth. There has been a topic regarding placing all the eggs in one basket vs distributing them across multiple baskets.
Warren Buffet is actually popular for his saying: "Keep all your eggs in one basket, but watch that basket closely".