"The reframe Berman lands on is the part worth keeping. Those failing experiments taught him copywriting, email marketing, podcast editing, and video editing. Skills compound. A $50 month spent learning email marketing once becomes a lever you pull on every business you ever touch. He eventually consolidated to three things, digital products through Gold City Ventures on Etsy and Shopify, real estate including flips, wholesaling, syn"
Bragging about running many income streams can be counterproductive. After trying 30 businesses over a couple of years, the real value came from the skills developed rather than the number of streams. Low-paying activities like online surveys can generate only about $50 per month at roughly $2 per hour, creating a large opportunity cost compared with earning a typical hourly wage from a job. Multiple streams also increase setup work, customer service demands, tax complexity, and mental overhead, while attention does not scale. Consolidating efforts into a smaller set of higher-leverage activities helps skills compound and improves focus.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]