Wealthy Way Everyone Says Focus on ONE Thing (I Disagree)
7 snips
Oct 5, 2025 Discover the debate between deep specialization and pursuing multiple income streams. Ryan shares why beginners should focus on mastering one skill first. He recounts his risky experience in real estate and how diversification saved him financially. Learn how new ventures keep him excited and energized. Ryan discusses the successful launch of M19 Golf Mastermind and the benefits of cross-selling to existing customers. He emphasizes the importance of knowing when to branch out while building wealth.
AI Snips
Chapters
Transcript
Episode notes
Master One Skill First
- Focus on one skill until it reliably generates at least $500k in revenue.
- Do not diversify before you dominate one repeatable, high-income skill or business.
Different People Need Different Paths
- Some people thrive by going deep and staying in one industry for decades.
- Other entrepreneurs, like Ryan, gain fulfillment and breadth by repeatedly exploring new industries.
Flipping Collapse And Diversification Save
- Ryan lost millions when his flipping business collapsed after interest-rate shocks.
- He survived because other businesses offset the losses and covered investor obligations.