WHY YOU SHOULD NOT LEAVE YOUR DAY JOB AND START A NEW BUSINESS: Series 2/9
If you go to any school, sit in the back of Finance 101 and listen the First lesson, you will hear the professor asking her students this question: What is the trick to successful investing? The answer is pretty clear: Diversification. When you are building an investment portfolio, a simple way to minimize risk on your investment is to properly diversify so that one failed investment don’t materially impact your wealth.
Ironically, most of us do exactly the opposite with our careers. If you think of your career as an investment and of course it is, then your portfolio and by extension your life is heavily exposed to just one position: your job. So you need a plan B. But it shouldn’t be absolutely to abandon your job. Bear in mind that this is long term strategy, not get-rich-quick Scheme.