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all my eggs in one basket
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#5 Diversify and don’t put all your eggs in one basket.
I am not sure the exact origin of the saying “Don’t put all your eggs in one basket” but I did find an explanation of the phrase that I understand as true.
“Put all your eggs in one basket” - To rely too much on one resource or one line of effort; to risk everything on a single venture.
This phrase as been a motto for me the last year or so. I have become a believer in diversifying and trying a few things at the same time. The idea is that if one idea fails I can then put my more energy into the ideas that are working. The down side to this method is that I can only give small amounts of time investment at a time for each venture instead of all of my time investment for one venture. I don’t worry to much about not being able to invest huge amounts of time for each venture because long term time investment matters more anyway.
Since I blog my interests I find that the don’t put all your eggs in one basket approach has helped me find balance as a human being. I am creating my own work environment by blogging about things that I enjoy which means it doesn’t seem so much like work since I enjoy doing it. I am not a slave to work because my blogging is based on things I am interested in. This type of thinking is not always shared by other people but I find it to be rewarding instead of enslaving so I don’t have plans to change.
Blogging is not the only venture I am involved in either. I have a few other projects that I believe with time will prove to be rewarding and profitable. It is true that some people can become very successful by concentrating on one venture at a time but I don’t think that is the case for most people so don’t put all your eggs in one basket and diversify 
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15 Things I Learned In 2007 That Improved My Blogging and Increased My Income
#15 - Not all monetizing options are best for your blog.
#14 - Don’t be afraid to set goals and don’t be afraid to fail.
#13- Strive to become an authority.
#12 - Contribute quality content to other blogs and networks.
#11- Write down your ideas.
#10 - Content may be King but it’s not everything.
#9 - You don’t have to invest a lot of money but you must invest time.
#8 - Evaluate and reevaluate on a regular basis
#7 - Take advice from others seriously.
#6 - Successful blogging is an art form not a formula
Until tomorrow 
I agree. I believe in diversification in investing but also in income. I would love to have my online income grow to a significant contribution to my overall income. And I would rather have that income not all come from one source. I think it is safer to have several sources so if one dries up the others can sustain you.
[...] #7 - Take advice from others seriously. #6 - Successful blogging is an art form not a formula #5 - Diversify and don’t put all your eggs in one basket. #4- Be in it for the long haul. #3 - Don’t underestimate the power of social [...]
[...] #15 - Not all monetizing options are best for your blog. #14 - Don’t be afraid to set goals and don’t be afraid to fail. #13- Strive to become an authority. #12 - Contribute quality content to other blogs and networks. #11- Write down your ideas. #10 - Content may be King but it’s not everything. #9 - You don’t have to invest a lot of money but you must invest time. #8 - Evaluate and reevaluate on a regular basis #7 - Take advice from others seriously. #6 - Successful blogging is an art form not a formula #5 - Diversify and don’t put all your eggs in one basket. [...]