3022: The Myth Of Diversification And Why It Means It’s Okay To Take Chances by Kevin of Financial Panther

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 29 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3022: Taking chances might seem risky, but as Kevin of Financial Panther points out, we already make all-in bets on our careers, relationships, and life choices without even realizing it. Rather than fearing the unknown, embracing uncertainty can be freeing especially when most decisions aren’t as life-altering as they seem. By recognizing that we’ve already taken big leaps, we can give ourselves permission to take more chances on what truly matters. Read along with the original article(s) here: https://financialpanther.com/the-myth-of-diversification/ Quotes to ponder: "It took me a long time to take a chance on myself even after years of finding myself unhappy with the work I was doing." "The worst-case scenarios that we think about rarely happen and even the worst-case scenarios usually aren’t as bad as we think they are." "If you’re going to put everything on the line anyway, you might as well put it all on the line for something you really want." Episode references: Qube Money: https://qubemoney.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:20.8	the myth of diversification and why it means it's okay to take chances.
1:25.4	By Kevin of Financial Panther.com. A common piece of wisdom is to never put all
1:31.8	of your eggs in one basket this makes a lot of sense none of us knows what the future holds so the only way to deal with the
1:39.1	unknown is to give ourselves a lot of outs if one thing thing doesn't work out, maybe something else might,
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