ilmscore | Prediction Details
"now let me show you why I'm not a fan of this method anymore because let's assume that you have fifty thousand dollars and you want to start creating these multiple streams of income so you already work on a job and you got this extra fifty thousand dollars and most of your time is going to a job now one of the things you're going to do is you're going to invest some of this money into the stock market so you can put ten thousand dollars into the stock market then you want to start this business because you want to create this profit income well you're already spending all this time at your job and now you got to put some money into starting this business maybe you put another ten thousand dollars into starting this business but now you're working a full-time job and starting a full-time business while you're putting some money into your stock market Investments if he really believed in your business why are you investing in the stock market when you could be funding more money into your business I mean the stock market might be able to get you a five six seven eight nine ten percent return a year on your money but if you can grow your business you can double your money in a year two years so now you have a little bit of money going into business you have a little bit of money going into your stocks and then you want to create this royalty income so you start writing this book and if you want to write a book takes a lot of time but it also takes money to publish the book and Market the book and get it out there you might put another ten thousand dollars into getting this book out there because you want to create this royalty income but now if he really believed in this book why are you putting so much time and money into this different business I mean you could just be pushing this book and create this real royalty income from a book and now you want to invest in real estate on top of that and you got a little bit of money left and now you're gonna put this money as a down payment to invest in this rental property but you don't know any contractors you don't know any real estate agents you don't know any real estate attorneys and so you're kind of just going through the deal trying to find this way to create this passive income but you're spreading yourself too thin you had fifty thousand dollars that's a good amount of money but you're putting some money here here here here but it's not taking you anywhere because you're not believing in yourself in anything you're just spreading yourself everywhere hoping Something's Gonna stick but when you do everything you end up doing nothing"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 00:27:11 - 00:30:00
Interpreted Prediction
Spreading limited capital and time across multiple nascent ventures (e.g., stock market, new business, book royalties, real estate) without fully committing to or believing in any single one will result in diluted effort and minimal progress. It's more effective to focus on one primary venture or investment until it achieves significant success.

Prediction Details

Topic
Wealth Building Strategy - Focused Growth

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