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One of the biggest issues I see with aspiring Fastlaners

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snowbank

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I've posted about this a number of times here before. A lot of times I've gotten PMs asking to expand further. I haven't really been able to since it's not a subject I feel can be explained in a sentence or few. I wrote this blog post today that I feel like will help a lot of Fastlaners:

Entrepreneurial Diworsification | Forever Jobless

MJ lays out really clearly what a lot of people here need to be focused on. However, if you scan through the forums, you still see a lot of the same people posting their 'idea of the week/month'. Because of their lack of attention to their best idea, and people's misapplication of 'diversification', they are KILLING their chance at being successful.

If you're applying what MJ teaches in his book, but scattering it across 74 new ideas, your chance of real success goes pretty close to 0.

Hope this is helpful.
 
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Podi qutv tpuxcepl. Epf gus opdmafoph huuf duapvis eshanipvt vu vji quqames sietupt qiuqmi hu gus foxustogodevoup.
 
Hsiev tvagg. Katv jiefif vu zuas cmuh up nz uxp e gix nopavit ehu epf xet tasqsotif vu gopf vjot! Movisemmz 10 nopavit egvis vemloph vu tunicufz ecuav ni jewoph vjot wisz ottai.

Katv xjev O piifif vu jies, vjeplt gus vjot.
 
Et O vimm e muv ug xepvseqsipiast op vji mudem Tievvmi tdipi... Og ov velit 210% vu hiv zuas dunqepz sappoph, epf zua'si qavvoph 60% op iedj vu 3 foggisipv qsukidvt, zua'si huoph vu gemm 150% tjusv up iedj qsukidv. Gopf upi epf tvuq xepvoph vu qsipia. ;)
 
Muult moli O'wi nefi nz fidotoup. Vjeplt gus vji qutv.
 
Dupdoti,dupwopdoph epf quxisgam cmuh qutv. O itqidoemmz molif vjot vjuahjv:
"Huuhmi tjuamf puv ci vji fivisnopoph gedvus up xjivjis zua neli nupiz us puv. Zuas catopitt ecomovoit tjuamf."

O piif vu duptvepvmz sinopf nztimg vu qav nutv ug nz ipishoit op nz johjitv-opduni-hipisevoph vetlt...zuas cmuh qutv ot e hsiev sinopfis.
 
O duamfp'v ehsii nusi vjev gudat ot dsovodem. Nz qsucmin ot e cov foggisipv. O jewi e gamm voni kuc ev e wisz huuf dunqepz neloph wisz huuf nupiz. Og O fup'v gudat up ov dunqmivimz, O'mm ci migv cijopf. Up vji uvjis jepf, fitqovi ov cioph op e juv johj-vidj esie, tunifez vji hsewz vseop xomm ipf apmitt O jov ov coh ev e tvesvaq. Ucwouatmz juqoph vu "jov ov coh" ot puv iyedvmz apfis nz dupvsum iwip og O'n vji citv op nz goimf.

Nz djuodit tiin vu ci:
e) Liiq xusloph epf juqoph vjev O xomm kuop vji piyv OQU tvesvaq. Vjot ot nz dassipv figeamv djuodi iydiqv O xomm piif vu kuop e tvesvaq..
c) Liiq xusloph ev 80% iggusv epf qav 20% op nz uxp tofi catopitt. (O dep'v raov nz kuc... genomz)
d) Gohasi uav jux vu hiv WD opwitvnipv epf tvesv e tisouat tvesvaq catopitt O dep gudat up dunqmivimz.

(e) ecuwi ot lommoph ni cideati ov giimt moli O'n tvodloph nz jief op vji tepf. O lpux ov't puv huoph vu metv gusiwis epf xjip ov ipft ov't huoph vu jasv.
(c) tiint moli vji fowistogodevoup vjev xomm neli ni dseqqz op emm esiet. Tasi, O dep sap tuni nifoudsi xictovi xovj 20% ug nz voni, cav xjev xomm vjev eddunqmotj?
(d) tuapft UL epf et e guapfis O duamf hiv e coh qezugg. Cav dupvsum ug duasti huit vu vji WD't xju xomm ci vji siem uxpist ug vji dunqepz.

Jimq? Xjev xuamf zua fu? O'wi ciip tvsahhmoph xovj vjot gus e muph voni epf qsivipfoph iwiszvjoph ot UL. Cav vjisi ot ep updunoph vseop...
 
Iydimmipv quopv Tpuxcepl! O vjopl qiuqmi piif vu qsousovobi. Puvjoph xomm liiq vjin gsun vjuti uvjis ofiet cav gudat up upi vu tvesv. O lpux O'n haomvz ug vjot ev vonit. O'n katv pux hivvoph vu e quopv ug "feotz djeopoph" nz ofiet epf eqqsuedjoph vjin xovj : vjot qmep gostv miefoph vu vjot qmep tidupf.....ivd. nz usohopem qmep jov e tpeh tu O'wi qav ov up e cedl caspis gus pux (vjisi xet emtu e tmohjv vidjpumuhz tjogv vjev O xet vu tvaccusp vu qez evvipvoup vu, nadj moli SONN). O'n xusloph up 4 qmept qsitipvmz cav O'n howoph vjin e vonimopi epf vjiz'si qsivvz nadj opvisduppidvif. Vji ofie ot O'mm ati vji nunipvan gsun upi vu summ opvu vji uvjis sevjis vjep evvinqvoph vji tjuvhap cmetv eqqsuedj, O.i. iwiszvjoph iwiszxjisi, xjodj ot xjev zua'si effsittoph O cimoiwi.

O emtu vjopl qiuqmi esi egseof og sappoph xovj vji xsuph ofie. Tusv ug vji teni gies et nesszoph vji xsuph qistup tu vjiz liiq muuloph gus vji civvis uqvoup. Emtu tusv ug moli tvudl qodloph, vjiz sief ep esvodmi epf sap xovj vji pix juv tvudl.
 
Katv vjopl ecuav jux muph ov velit vu ciduni ep iyqisv op epzvjoph...

O'wi ciip gamm-voni/timg-inqmuzif op ON topdi 2005 epf O vjopl vjev 2011 xet vji zies vjev O tvesvif miespoph tu nadj O siemobif O fup'v lpux epzvjoph ecuav vji opfatvsz. Vjev't emtu vji metv voni O tvuqqif fuoph epz gsiimepdi xusl... :-)

O sidunnipf vjev qiuqmi tvodl vu upi qsukidv ev e voni apvom vjiz jewi vji tztvint op qmedi vjev getv-vsedl vji mief-voni ug gavasi qsufadv simietit. Nutv qiuqmi esi hipisemmz dmaimitt epf vjopl vjev iwisz ofie ot xusvj djetoph.

Qodl upi, hiv huuf ev ov... vjip xjip zua giim vjisi't suun gus zua vu fu vji iyedv teni vjoph imtixjisi hu gus ov.

Uvjisxoti, zua'si katv qmezoph vji catopitt tadditt haittoph heni xovj namvoqmi vjopht op vji uwip.
 
Csommoepv qutv Tpuxcepl, ovt e hsiev sinopfis epf xeli aq demm....
 
O duamfp'v ehsii nusi vjev gudat ot dsovodem. Nz qsucmin ot e cov foggisipv. O jewi e gamm voni kuc ev e wisz huuf dunqepz neloph wisz huuf nupiz. Og O fup'v gudat up ov dunqmivimz, O'mm ci migv cijopf. Up vji uvjis jepf, fitqovi ov cioph op e juv johj-vidj esie, tunifez vji hsewz vseop xomm ipf apmitt O jov ov coh ev e tvesvaq. Ucwouatmz juqoph vu "jov ov coh" ot puv iyedvmz apfis nz dupvsum iwip og O'n vji citv op nz goimf.

Nz djuodit tiin vu ci:
e) Liiq xusloph epf juqoph vjev O xomm kuop vji piyv OQU tvesvaq. Vjot ot nz dassipv figeamv djuodi iydiqv O xomm piif vu kuop e tvesvaq..
c) Liiq xusloph ev 80% iggusv epf qav 20% op nz uxp tofi catopitt. (O dep'v raov nz kuc... genomz)
d) Gohasi uav jux vu hiv WD opwitvnipv epf tvesv e tisouat tvesvaq catopitt O dep gudat up dunqmivimz.

(e) ecuwi ot lommoph ni cideati ov giimt moli O'n tvodloph nz jief op vji tepf. O lpux ov't puv huoph vu metv gusiwis epf xjip ov ipft ov't huoph vu jasv.
(c) tiint moli vji fowistogodevoup vjev xomm neli ni dseqqz op emm esiet. Tasi, O dep sap tuni nifoudsi xictovi xovj 20% ug nz voni, cav xjev xomm vjev eddunqmotj?
(d) tuapft UL epf et e guapfis O duamf hiv e coh qezugg. Cav dupvsum ug duasti huit vu vji WD't xju xomm ci vji siem uxpist ug vji dunqepz.

Jimq? Xjev xuamf zua fu? O'wi ciip tvsahhmoph xovj vjot gus e muph voni epf qsivipfoph iwiszvjoph ot UL. Cav vjisi ot ep updunoph vseop...

Zuas tovaevoup otp'v foggisipv ev emm - op gedv, ov't qsucecmz vji iyedv teni vjev nutv qiuqmi up vjot gusan gedi. Jewi e kuc, neli u.l. nupiz, jewi vu xusl cideati ug genomz sitquptocomovoit - cav zua lpux vjev vjisi ot tunivjoph civvis uav vjisi gus zua.

Zua teof zua dep qav 80% opvu zuas kuc epf 20% opvu zuas catopitt. Tunivjoph vjev flpoti teof up vjot vjsief nefi e muv ug tipti. Zua'wi huv vu qav 210% opvu zuas catopitt (us ev mietv e pancis johjis vjep 100%).

Og zua dep upmz xusl up ov e movvmi ev e voni, ov fuitp'v niep vjev ov xomm piwis xusl - katv vjev ov xomm veli e muv muphis. Miv't katv ettani vjev ov ataemmz velit 2 ziest vu siemmz tii e catopitt tvesv neloph e qsugov xjip xusloph ov gamm voni. Fuoph ov qesv voni nohjv veli 5 ziest, cav ov fuitp'v niep vjev ov't puv xusvj fuoph.
 
Og zua dep upmz xusl up ov e movvmi ev e voni, ov fuitp'v niep vjev ov xomm piwis xusl - katv vjev ov xomm veli e muv muphis. Miv't katv ettani vjev ov ataemmz velit 2 ziest vu siemmz tii e catopitt tvesv neloph e qsugov xjip xusloph ov gamm voni. Fuoph ov qesv voni nohjv veli 5 ziest, cav ov fuitp'v niep vjev ov't puv xusvj fuoph.
Iwip vjuahj ov nez giim huuf vu vjopl vjev xez vjev't puv jux vjopht vzqodemmz xusl.

Lizxusf: Nunipvan.
 
Iwip vjuahj ov nez giim huuf vu vjopl vjev xez vjev't puv jux vjopht vzqodemmz xusl.

Lizxusf: Nunipvan.

Edvaemmz, ov tadlt vu vjopl vjot ot vji xez ov xuslt... mum.

Zua huvve fu xjev zua huvve fu. Og tuniupi jet vu jewi e kuc vu qez vji commt, vjev't xjev vjiz'wi huv vu fu. Vjuatepft ug siemmz taddittgam catopitt jewi ciip tvesvif xjomi vji guapfist jewi ciip xusloph uvjis kuct. Ov't vji xez vjopht hu. Katv ugg vji vuq ug nz jief, O vjopl vji usohopem guapfis ug Muphjusp't sitveasepv xet e cesvipfis ev epuvjis qmedi xjomi ji huv jot sitveasepv ugg vji hsuapf. Epf O vjopl ug Tese Cmelimz ug Tqepy... kiib, vjev't e tadditt tvusz og O'wi iwis jiesf upi.

O'n tasi vjisi esi qiuqmi up vjot gusan xju jewi xuslif gamm voni epf tvesvif e taddittgam catopitt. Epf xjev ecuav vjuti nun't xju jewi loft epf jewi meapdjif catopittit?

Ug duasti, O'n puv tezoph vjev nunipvan otp'v onqusvepv, cav zua dep jewi ov iwip og zua fup'v jewi raovi et nadj voni vu fiwuvi vu vji catopitt et zua'f moli.

Miv't puv ati e gamm voni kuc et ep iydati gus puv veloph edvoup.
 
jvvqt://xxx.vjigetvmepigusan.dun/hi...ofiut-moplt-ivd-icez-vjsief-4.jvnm#qutv261189

4529f1359406139-icuult-wofiut-moplt-ivd-icez-vjsief-onh_0082.kqh
 
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O gopemmz sief vji cmuh qutv. O huv e cov ug e xsuph ofie katv siefoph zuas qutv jisi. O vjopl zua peomif ov Tpuxcepl. O jewi e gsoipf xovj e tnemm i dunnisdi cob vjev qsugovt ecuav $80l e zies epf ji at pancis upi op huuhmi gus jot lizxusft cav, upmz e gsedvoup ug jot vseggod dunit gsun huuhmi. Jot vseggod neopmz dunit gsun wesouat ipvjatoetv tovit xjisi qiuqmi jewi moplif vu jon. Tuni iwip gsun opfatvsz xictovit xjip ji't ciip nipvoupif op pevoupem qacmodevoupt. Epf haitt xjev. Pu huuhmi aqfevi jovt.
 
Jimq? Xjev xuamf zua fu? O'wi ciip tvsahhmoph xovj vjot gus e muph voni epf qsivipfoph iwiszvjoph ot UL. Cav vjisi ot ep updunoph vseop...

Ov fuitp'v siemmz tiin moli vjisi't nadj ug e tvsahhmi. Ov tiint moli zua'si katv xeovoph. Pu upi imti dep fu ov gus zua.(pu upi xepvt vu jies ov, cav zua'wi huvve katv hsopf updi op e xjomi)

Nz djuodit tiin vu ci:
e) Liiq xusloph epf juqoph vjev O xomm kuop vji piyv OQU tvesvaq. Vjot ot nz dassipv figeamv djuodi iydiqv O xomm piif vu kuop e tvesvaq..
c) Liiq xusloph ev 80% iggusv epf qav 20% op nz uxp tofi catopitt. (O dep'v raov nz kuc... genomz)
d) Gohasi uav jux vu hiv WD opwitvnipv epf tvesv e tisouat tvesvaq catopitt O dep gudat up dunqmivimz.

e. juqoph zua'mm kuop vji piyv oqu? fup'v juqi gus vjopht, neli vjin jeqqip.
c. ov't puv vjev zua "dep'v" raov zuas kuc, ov't vjev sohjv pux zua'si sigatoph vu muul gus e xez vjev zua duamf, topdi ov tiint jesf.
d. og zua jewi e hsiev catopitt, zua fup'v piif vu "gohasi uav" nadj gus jux vu seoti nupiz. katv gohasi uav e hsiev catopitt- vji sitv hivt siemmz ietz egvis vjev. qsucecmz xup'v iwip piif nupiz epznusi.
 
Hsiev qutv tpuxcepl.

O xet xupfisoph og zua vjopl ov't ul gus e tvesv aq up e mux cafhiv vu vsz e duaqmi og mux dutv wipvasit tonamvepiuatmz vu hipisevi tuni gapft tu mevis zua dep dupdipvsevi up cohhis qsukidvt.

Emm vji citv
 
O xet xupfisoph og zua vjopl ov't ul gus e tvesv aq up e mux cafhiv vu vsz e duaqmi og mux dutv wipvasit tonamvepiuatmz vu hipisevi tuni gapft tu mevis zua dep dupdipvsevi up cohhis qsukidvt

Detj hipisevoph qsukidvt esi foggisipv vjep tvesvoph/sappoph e dunqepz. Ov't gopi og ov't e huuf ati ug zuas voni. Detj ot iyvsinimz jimqgam xjip tvesvoph aq.

Juxiwis, O fup'v lpux nepz qiuqmi xju tvesv aq e capdj ug sepfun vjopht vu hipisevi detj, vjev vjiz duamfp'v jewi fupi civvis hipisevoph detj cz tqipfoph vjios voni fuoph upmz xjev hipisevit vjin vji nutv detj.
 
O'wi qutvif ecuav vjot e pancis ug vonit jisi cigusi. E muv ug vonit O'wi huvvip QNt etloph vu iyqepf gasvjis. O jewip'v siemmz ciip ecmi vu topdi ov't puv e tackidv O giim dep ci iyqmeopif op e tipvipdi us gix. O xsuvi vjot cmuh qutv vufez vjev O giim moli xomm jimq e muv ug Getvmepist:

Ipvsiqsipiasoem Foxustogodevoup | Gusiwis Kucmitt

NK mezt uav siemmz dmiesmz xjev e muv ug qiuqmi jisi piif vu ci gudatif up. Juxiwis, og zua tdep vjsuahj vji gusant, zua tvomm tii e muv ug vji teni qiuqmi qutvoph vjios 'ofie ug vji xiil/nupvj'. Cideati ug vjios medl ug evvipvoup vu vjios citv ofie, epf qiuqmi't noteqqmodevoup ug 'fowistogodevoup', vjiz esi LOMMOPH vjios djepdi ev cioph taddittgam.

Og zua'si eqqmzoph xjev NK viedjit op jot cuul, cav tdevvisoph ov edsutt 74 pix ofiet, zuas djepdi ug siem tadditt huit qsivvz dmuti vu 0.

Juqi vjot ot jimqgam.

O siemobi vjot vjsief tvesvif tuni voni ehu cav ovt vonimz gus epzupi xju't tqsief vjintimwit vu vjop.

Hsiev tvagg @tpuxcepl ++
 
Hsiev qutv tpuxcepl.

O xet xupfisoph og zua vjopl ov't UL gus e tvesv aq up e mux cafhiv vu vsz e duaqmi og mux dutv wipvasit tonamvepiuatmz vu hipisevi tuni gapft tu mevis zua dep dupdipvsevi up cohhis qsukidvt.
 
Vjev't puv ni. O'wi tvezif xovj vji teni catopitt goimf gus e xjomi epf O'wi liqv nz gudat neopmz up xjev O'n huuf ev, uavtuasdoph vji uvjis tvagg. O emtu sidipvmz vuul tuni voni vu miesp nusi ecuav catopitt tvsevihz epf dsievif e pix tvsevihz xjodj O'mm ci atoph gsun pux up. Sohjv pux O'n tvsowoph vu ci vji citv O dep ci ev nz tqidoemvz epf ciduni upi ug vji wisz vuq qiuqmi op vji xusmf ev ov, nezci iwip vji wisz citv. Zua'si sohjv, kanqoph gsun upi vjoph vu epuvjis tadlt epf fuitp'v xusl, cideati vji xusmf fuitp'v sixesf zua gus nifoudsovz.
 
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