Worth It

If you’re a die-hard entrepreneur, you’re made to build, launch, and profit from the businesses you’ve thought up. And thanks to those businesses, you’re able to afford the life you want to live and do what you’re good at each day. But as you probably know, maintaining and running those businesses is hard work. When you stop working or clients dry up, those businesses can be a serious risk to your financial wellbeing.   In this week’s episode of Worth It, Dustin and Danielle are shedding a little light on this topic and explaining why building and owning multiple businesses isn’t the same as diversification… and how it can actually be a risk to your future financial wellbeing. WHAT YOU’LL LEARN 03:05 Why you don’t want to be like the creator of the Fyre Festival 07:33 Why starting another business isn’t true “diversification” 08:22 The risk of starting multiple businesses 08:57 The true definition of diversification 09:08 The difference between utility and luxury businesses 09:48 Different types of asset clas