TheRanger
PARKED
- Joined
- Jan 17, 2014
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There is an acronym (from Rich Dad Poor Dads: The 8 new rules of money by Robert Kiyosaki) called
F.O.C.U.S. = Follow One Course Until Successful
Its pretty much self explanatory. By building the gold mine and focusing only on the gold mine you can strike gold much faster than if you were also concerned with collecting copper at the same time as building your gold mine.
I have also had a conversation with my friend and entrepreneur who runs a car dealership and always has some business project or other he is doing and follows another business philosophy which is
DIVERSIFY.
he says that by doing a couple of different business projects within his field he can make sure he is getting consistent cash flow. When one business is in the off season it is no concern because his other business is in its peak season.
The more I research the more I believe in FOCUS. However the reality is that for someone like me starting from the sidewalk Diversify and hustling has its immediate short term merits and is beckoning to me....but at the same time I want to build my gold mine as fast as possible and I don't want the progress to be interrupted.
So what do you think?
F.O.C.U.S. = Follow One Course Until Successful
Its pretty much self explanatory. By building the gold mine and focusing only on the gold mine you can strike gold much faster than if you were also concerned with collecting copper at the same time as building your gold mine.
I have also had a conversation with my friend and entrepreneur who runs a car dealership and always has some business project or other he is doing and follows another business philosophy which is
DIVERSIFY.
he says that by doing a couple of different business projects within his field he can make sure he is getting consistent cash flow. When one business is in the off season it is no concern because his other business is in its peak season.
The more I research the more I believe in FOCUS. However the reality is that for someone like me starting from the sidewalk Diversify and hustling has its immediate short term merits and is beckoning to me....but at the same time I want to build my gold mine as fast as possible and I don't want the progress to be interrupted.
So what do you think?
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