Last updated on June 28th, 2020 at 11:07 am
The advice “don’t put all your eggs in one basket” is more than just advice. It also enhances various aspects of life. This article explains four aspects.
Diversification helps one to reach his or her goals and prevent regrets in life.
It’s not different from the common “don’t put all your eggs in one basket,” it’s rather used in place of it.
The piece of advice “don’t put all your eggs in one basket” has been ringing bells in the ears of people, day in day out.
Despite how low-key this piece of advice may seem, it’s really deep than you think. It’s deep to the extent that vital aspects of one’s life grows or not, depending on how the person utilizes it.
It’s also important to note that developing the mindset of diversification will aid in the mastery of it.
Afterward, from the mastery of diversification, crucial aspects of one’s life will experience significant growth.
Then the person will know how to strategically implement it to favor him or her in various aspects of the person’s life.
But failure to develop the right mindset of diversification, it will be quite difficult for the person to leverage those crucial aspects of life.
Many people have lived to testify how good diversification helped them to improve their lives in one way or the other.
Trust me, people still have bigger life achievements to make from practicing good diversification. It will just keep getting better.
It’s something that will continue to reign from time to time.
Diversifying things you have at your disposal won’t hurt you at all.
However, there seems to be a debate on whether diversification should be a continual or short-term process.
Is diversification a continual or a short-term process?
Honestly, one shouldn’t put an end to diversification, unless the person knows he or she has diversified enough till the person can find a reliable source to trust.
That is just if the person must by the way, but it’s really worth it if that person continues to diversify. Life is very unpredictable.
Miguel Cervantes, the writer of Don Quixote who originated the phrase, “Don’t put all your eggs in one basket” also illustrated the importance of diversification.
In short, even if one sees it as a stressful process to go through, what makes it worth the stress it may cost the person is the regrets it will save him or her later in the future.
If you ask me about the things I would love to enjoy in my lifetime, my personal life would be top in my scale of preference.
How about you? What are those aspects of life you would love to improve?
You definitely have a bunch of them, right? Although I don’t know how you place yours on your own scale of preference.
But how often do you think people utilize this thoughtful piece of advice “don’t put all your eggs in one basket?”
The aspects of life it enhances are really broad though. Of course, they are much, but I will elaborate on four common aspects of life it enhances.
Maybe you have heard or you have been told about not putting all your eggs in one basket.
Sure, as long as one has already mastered it, the person will start applying it automatically to every aspect of life almost subconsciously. This is because of the mindset the person already have about it.
People who have mastered diversification don’t see it as stress, rather they see it as a strategy to financial freedom and a more healthy lifestyle.
The true meaning of “don’t put all your eggs in one basket”
Note: the phrase “don’t put all your eggs in one basket” is used to emphasize the importance of diversifying resources.
Ideally, “don’t put all your eggs in one basket” means spreading your resources into different reach. On the other hand, “put your eggs in one basket” means not diversifying, what so ever.
So, the phrase generally means that one should not put all his focus and effort into just a single source.
In that case, one should take note of the phrase “don’t put all your eggs in one basket” and put it into consideration when dealing with anything in life.
Adopt the mindset, master it, and live by it.
It’s also vital to understand what the phrase means, not actually how the phrase itself implies.
Alright, just a brief knockdown: imagine not utilizing this piece of advice, and suddenly, things begin to get pretty ugly such that one has no other source to rely on.
These are the kind of outcomes people will always want to make sure they avoid.
Some people, however, will tell you they prefer to put all their eggs in one basket and watch it like a hawk so that they can save themselves from the stress of diversifying.
But looking at it from the other side, you know it’s not 100% safe. In fact, nothing in life is 100% safe. What matters the most is that you’re diversifying to protect the future unknown.
Life aspects “don’t put all your eggs in one basket” enhances
Diversification has come to stay, and maximizing it at your disposal is solid than one can imagine.
Below are the life aspects “don’t put all your eggs in one basket” enhances.
That huge bank account is great, but also at the expense of good diversification of one’s streams of income.
Someone’s present job could be earning the person real good, but there have to be some considerations.
The person should ask himself or herself this: “supposing I get fired or supposing an incident occurs and it affects my job or warrants me to quit the job?”
In order to avoid falling short of finance, a good diversification process will help in retaining one’s financial stability until the person can put things in place again.
Apart from retaining financial stability, it’s important one looks beyond the stress that may come with diversification, just to make sure of secured healthy finance.
Good financial management also has to do with how one strategically diversifies his or her streams of income.
Knowing fully well that money has limited time on how long it stays when one gets it, there’s one way to sort this out: diversification.
Thus, diversification is the way to ensure it goes into something that will yield growth later on. At its best, one will have other sources bringing income.
Supposing something bad eventually happens to the expected income, it will be tough if one doesn’t have another stream of income.
It will be truly smart not to put all efforts into one thing while looking for other valuable streams of income.
Supposing a business crumbles, what will be the next thing to hold unto? That’s something one should try to consider.
Going after a career is great, but at the same time, one would want to make sure he or she doesn’t end up with the wrong one.
That’s why exploring and looking for ways of accomplishing more than one career is a better decision to make.
By studying another career and having good knowledge of others one admires, the person expands his or her reach.
By doing that, the person is diversifying the preferred career choices, just in case, the current job begins to destabilize.
In addition, you have heard about some people quitting their job, probably because they don’t like the job.
Trust me, nothing bores one like doing a job he or she hates. But when the job one already has is not favoring the person, what will the person do next?
Points for considerations
Sure, another job would be the next thing the person would consider, in order to put an end to a job he or she hates.
But in order to grab another one, one must look forward to diversifying the preferred career choices.
Also, apart from giving one the opportunities to easily switch to another career, it helps to make sure one switch to a better job.
This is because the person has already taken proper considerations of the next job he or she picked interest in while being down with the other job.
Of course, one wouldn’t want to make the same mistake he or she made by choosing the wrong career, so the person will be extra careful this time.
Besides, doing a job one hates is actually going to yield little or no productivity.
Thus, less productivity in the job will yield low income from the job.
So, this makes it important to aim for just more than one career. Remember, one can also practice self-learning for any career he or she admires.
3. personal life
Do you know that diversifying can also help one in his or her personal life?
Are you doubting it? Alright, let’s take, for example, someone who has a boyfriend or girlfriend and other people becomes irrelevant.
Automatically, the person is putting all eggs in one basket by scaring others away.
However, if the person eventually gets disappointed or heartbroken, the person is more likely to feel lonely.
Also, it may put the person at risk of losing someone worth his or her time and energy.
The right way to go, however, would be to keep the male friends and female friends close, and be in good terms with them.
Think “Don’t all put your eggs in one basket relationships” when dealing with loved once and friends.
In order words, one should be loyal, but not pushing the button way too hard and trample on others.
Remember, no one knows what it is the future holds.
Now here is the logic: the person is not being corny, but trying to weigh and consider the possibility of “supposing this or that happens.”
In that case, in order to avoid an emotional breakdown and suffering loneliness, one will need to remember the diversification and play by it.
A good diversification mindset from the onset will do justice to it.
This will also help one in connecting with the right person since the person is not just focused on what one person has to offer.
It has got to be something the brain already agrees with, else the idea of diversification in a relationship will seem odd to someone.
If it gets odd to one, however, it will die without the person even thinking of it, not to talk of practicing it.
How about “don’t all put your eggs in one basket investment?” Most people don’t think of how diversification can help them when their investment crashes.
You probably must have heard people say “I lost all my investment.” That’s not a good one. In fact, rising again from that loss can be very discouraging.
You know exactly how it feels to invest money into a business, only for it to turn out ugly someday.
Probably, it didn’t turn out the way the person expected it to be.
In that case, in order for one not to be on the losing side, other side hustles would come in handy-dandy.
You know why? Because that other side hustles the person engaged in will keep him or her going when the investment crashes.
In addition to that, it’s likely one would also want to start his or her own business. Let’s say a large scale business, for example.
For a start, certain businesses that require little capital to start would be a good start to good diversification.
The person knows very well about the reward he or she will get from it in the long run. It will later turn out to create stable financial freedom for the person.
Now, the capital is the key to start the business the person wants. This is exactly where those side hustles will come in.
In that case, other streams of income will help the person invest in his or her own business. While the business the person invested in will cover up when the current job turns out to be bad.
Remember, we’re talking about a lifetime process here.
That’s the power of not putting all your eggs in one basket. Plan B works when plan A fails.
Every day of our lives brings certain challenges we all have to face, as long as we live.
Nevertheless, good diversification is another super strategy to ease those challenges.
Diversification is best to be practiced as a continual process because of how unpredictable life can be.
When the art of good diversification is incorporated and becomes a part of someone, then it will enhance those key aspects of life and more.
One will not just do it at will, but the mastery of it will push the person to live and act according to the mindset he or she already has about it.Let's connect