Quote:
Originally posted by KRL
Only diversify into things you know and understand first. I have one friend who made $200 Mil in the MLM biz. He started diversifying into everything that came his way without even understanding what he was putting his money into. Ten years later he was flat broke.
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I agree 100%. It's a matter of taking resources (money, knowledge, contacts), and applying them intelligently to new ventures. It's also knowing your limitations, although this sometimes comes at the price of trial and error.
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