ilmscore | Prediction Details
"so now it's not these kind of different things where oh yeah let me do some affiliate marketing here let me do the Shopify store here oh yeah let me do this freelance hustle here all these things are uncorrelated unrelated ladder steps now it's a wheel where everything is building each other you're trying to build the central piece the tough thing about doing this is you stop being so Broad and you get narrow and the issue that I face and I know a lot of people face when they try to get narrow is you feel like you're missing out on a lot of opportunity because now you think oh I'm not doing this and I'm not doing that and I'm missing the opportunity to make money here and I'm missing the opportunity to grow my business this way but when you are not so broad then you have the opportunity to really focus and make money in a specific Niche and now you're focusing and you can really be the master at one thing now when you can really Master one thing then you can go out and start to get bigger and bigger because you've already mastered one thing and you've built one spoke but when you're so Broad and so General you try to do so many different things you end up going nowhere and nobody knows you for anything you're just there but you got to focus on one thing build this one thing and then once you are worth a million dollars doing one thing now you can really start diversifying and using your money as a tool because now you have the capital to do that and you can use your money to help fund these new things these new streams of income because now you have the capital to do that and you have the one thing to help support these other things and now as you grow maybe you want to diversify and put your money somewhere else now you have the capital to do that because you have built something and now you have more money and now instead of you investing your time to build something else you have the capital to go and invest in something completely different learn how to do it and use your money as a tool to help grow it"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 00:31:32 - 00:34:00
Interpreted Prediction
A more effective model for multiple streams of income is a 'wheel' where each stream supports and builds upon the others, originating from a strong central focus. This contrasts with a 'ladder' approach of unrelated ventures. The strategy involves mastering one core 'spoke' or business until it generates significant wealth, then using that capital to build complementary income streams.

Prediction Details

Topic
Wealth Building Strategy - Wheel Model

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