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Here’s why I don’t like the classic saying “The average millionaire has 7 streams of income”

The average millionaire has seven streams of income. It's so silly for a variety of reasons.

Watch on YouTube Here’s why I don’t like the classic saying “The average millionaire has 7 streams of income”

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  1. 0:00
    Abschnitt 1 The average millionaire has seven streams of income.

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0:00The average millionaire has seven streams of income. It's so silly for a variety of reasons. First one is that the way someone gets somewhere is not how they end up. Mark Cuban has a zillion different income streams, but he made his billion with one. It's completely irrelevant what they're doing cuz what matters is how they got there. The other reason on a tactical level is that most people have a very difficult time staying focused and it takes an inordinate amount of effort to be successful at anything. And to assume that you have so much talent that you can put 1/10 of your attention into 10 things and then somehow compete against somebody who's going all in on that one thing that shows a lack of clarity.