good morning believe nation today’s message is diversify your portfolio over
message is diversify your portfolio over
message is diversify your portfolio over the new James Prince
my first love was was boxing you know I
my first love was was boxing you know I got distracted with the music game turn
got distracted with the music game turn
got distracted with the music game turn out to be a good distraction I got
out to be a good distraction I got
out to be a good distraction I got distracted and but eventually I found my
distracted and but eventually I found my
distracted and but eventually I found my way back home you know I love boxing I
way back home you know I love boxing I
way back home you know I love boxing I love the fight game and uh you know I
love the fight game and uh you know I
love the fight game and uh you know I diversified my portfolio I remember when
diversified my portfolio I remember when
diversified my portfolio I remember when that done and actually done it when I
that done and actually done it when I
that done and actually done it when I was under attack and I was under attack
was under attack and I was under attack
was under attack and I was under attack by the feeds and different people and
by the feeds and different people and
by the feeds and different people and it’s all I was one-dimensional you know
it’s all I was one-dimensional you know
it’s all I was one-dimensional you know I was on the attack because and I have
I was on the attack because and I have
I was on the attack because and I have to talk about that because and and I’m
to talk about that because and and I’m
to talk about that because and and I’m going to talk about it not from a victim
going to talk about it not from a victim
going to talk about it not from a victim point of view but as a testimony hey
point of view but as a testimony hey
point of view but as a testimony hey girl you know because once again no
girl you know because once again no
girl you know because once again no weapon formed against me shall prosper
weapon formed against me shall prosper
weapon formed against me shall prosper and but yeah these guys put a full-blown
and but yeah these guys put a full-blown
and but yeah these guys put a full-blown attack on the movement of you know our
attack on the movement of you know our
attack on the movement of you know our hip-hop movement because they didn’t
hip-hop movement because they didn’t
hip-hop movement because they didn’t understand it you know the meaning we
understand it you know the meaning we
understand it you know the meaning we was getting paid and making so much
was getting paid and making so much
was getting paid and making so much money you know group of brothers that
money you know group of brothers that
money you know group of brothers that had gave up the game and came you know
had gave up the game and came you know
had gave up the game and came you know over in the music industry was getting
over in the music industry was getting
over in the music industry was getting paid and making so much money until they
paid and making so much money until they
paid and making so much money until they felt like something was crooked about
felt like something was crooked about
felt like something was crooked about our money and therefore you know it
our money and therefore you know it
our money and therefore you know it caused a lot of a lot of heat you know 2
caused a lot of a lot of heat you know 2
caused a lot of a lot of heat you know 2 million a lot of problems and at that
million a lot of problems and at that
million a lot of problems and at that time I diversify so you know what I’m
time I diversify so you know what I’m
time I diversify so you know what I’m not one-dimensional you know if they’re
not one-dimensional you know if they’re
not one-dimensional you know if they’re gonna be watching and trying to fit this
gonna be watching and trying to fit this
gonna be watching and trying to fit this here then I made a move popped up on a
here then I made a move popped up on a
here then I made a move popped up on a TV on HBO
TV on HBO
TV on HBO you know they looked up and turn the TV
you know they looked up and turn the TV
you know they looked up and turn the TV on and I was right there in the ring
on and I was right there in the ring
on and I was right there in the ring with Floyd Mayweather something like
with Floyd Mayweather something like
with Floyd Mayweather something like damn i’ii pull this one off so you know
damn i’ii pull this one off so you know
damn i’ii pull this one off so you know those are those are some obstacles and
those are those are some obstacles and
those are those are some obstacles and challenges of life where you know one
challenges of life where you know one
challenges of life where you know one have to adjust and you know we were able
have to adjust and you know we were able
have to adjust and you know we were able to do that and you know the rest is
to do that and you know the rest is
to do that and you know the rest is history
history
history so this is an interesting one for me
so this is an interesting one for me
so this is an interesting one for me because you hear a lot of people talk
because you hear a lot of people talk
because you hear a lot of people talk about diversify your portfolio or don’t
about diversify your portfolio or don’t
about diversify your portfolio or don’t put all your eggs in one basket it’s
put all your eggs in one basket it’s
put all your eggs in one basket it’s just come across as typical business
just come across as typical business
just come across as typical business advice that you get and there definitely
advice that you get and there definitely
advice that you get and there definitely are some situations where that is
are some situations where that is
are some situations where that is advisable but there’s also a lot of
advisable but there’s also a lot of
advisable but there’s also a lot of centers where it’s not and so I thought
centers where it’s not and so I thought
centers where it’s not and so I thought this would be a good opportunity to go
this would be a good opportunity to go
this would be a good opportunity to go on my Evan rant and then you guys can
on my Evan rant and then you guys can
on my Evan rant and then you guys can figure out which one of you you agree
figure out which one of you you agree
figure out which one of you you agree with or maybe both that versafine really
with or maybe both that versafine really
with or maybe both that versafine really applies well when you don’t know what
applies well when you don’t know what
applies well when you don’t know what you’re doing or when you have multiple
you’re doing or when you have multiple
you’re doing or when you have multiple passions so if you look at the investing
passions so if you look at the investing
passions so if you look at the investing strategy why you hear it so much in
strategy why you hear it so much in
strategy why you hear it so much in investment world is when you’re making
investment world is when you’re making
investment world is when you’re making an investment if you have X amount of
an investment if you have X amount of
an investment if you have X amount of dollars in your savings right you have
dollars in your savings right you have
dollars in your savings right you have five hundred thousand dollars or ten
five hundred thousand dollars or ten
five hundred thousand dollars or ten thousand dollars in savings if you put
thousand dollars in savings if you put
thousand dollars in savings if you put it all into one stock and that stock
it all into one stock and that stock
it all into one stock and that stock crashes then you’ve lost all your money
crashes then you’ve lost all your money
crashes then you’ve lost all your money or if you invest it into ten different
or if you invest it into ten different
or if you invest it into ten different stocks then one may crash what changes
stocks then one may crash what changes
stocks then one may crash what changes are the other ones are going to do
are the other ones are going to do
are the other ones are going to do decently and so overall you’ve made some
decently and so overall you’ve made some
decently and so overall you’ve made some money you don’t know what you’re really
money you don’t know what you’re really
money you don’t know what you’re really doing in investing you’re not involved
doing in investing you’re not involved
doing in investing you’re not involved in any of those companies and so it
in any of those companies and so it
in any of those companies and so it helps just mitigate the risk diversify
helps just mitigate the risk diversify
helps just mitigate the risk diversify typically is a way to minimize your risk
typically is a way to minimize your risk
typically is a way to minimize your risk as opposed to going off and doing
as opposed to going off and doing
as opposed to going off and doing something great right I would every day
something great right I would every day
something great right I would every day of the week invest in myself put in all
of the week invest in myself put in all
of the week invest in myself put in all my eggs in the Evan Carmichael basket
my eggs in the Evan Carmichael basket
my eggs in the Evan Carmichael basket then giving my money to ten different
then giving my money to ten different
then giving my money to ten different corporations as stocks and hopefully
corporations as stocks and hopefully
corporations as stocks and hopefully that rises right it’s riskier but I’ll
that rises right it’s riskier but I’ll
that rises right it’s riskier but I’ll make that bet a hundred times out of a
make that bet a hundred times out of a
make that bet a hundred times out of a hundred because I feel the return is
hundred because I feel the return is
hundred because I feel the return is going to be much higher Andrew Carnegie
going to be much higher Andrew Carnegie
going to be much higher Andrew Carnegie was the richest man in the world and he
was the richest man in the world and he
was the richest man in the world and he was famous for saying put all your eggs
was famous for saying put all your eggs
was famous for saying put all your eggs in one basket and then watch that back
in one basket and then watch that back
in one basket and then watch that back so divers define just for the sake of
so divers define just for the sake of
so divers define just for the sake of diversifying is not a fantastic strategy
diversifying is not a fantastic strategy
diversifying is not a fantastic strategy what happens when you’re not winner or
what happens when you’re not winner or
what happens when you’re not winner or you feel like okay I need to diversify I
you feel like okay I need to diversify I
you feel like okay I need to diversify I need to launch new products or I need to
need to launch new products or I need to
need to launch new products or I need to start other businesses I need to get out
start other businesses I need to get out
start other businesses I need to get out of only having this one company okay so
of only having this one company okay so
of only having this one company okay so you start a second company and you
you start a second company and you
you start a second company and you invest in these other businesses and
invest in these other businesses and
invest in these other businesses and you’re trying to run all these things at
you’re trying to run all these things at
you’re trying to run all these things at the same time what happens is you lose
the same time what happens is you lose
the same time what happens is you lose focus and as entrepreneurs in general
focus and as entrepreneurs in general
focus and as entrepreneurs in general focusing can be a challenge focusing it
focusing can be a challenge focusing it
focusing can be a challenge focusing it be a tough thing and so the last thing
be a tough thing and so the last thing
be a tough thing and so the last thing you need is even more distraction where
you need is even more distraction where
you need is even more distraction where it can work apart from just trying to
it can work apart from just trying to
it can work apart from just trying to minimize your risk is if you have
minimize your risk is if you have
minimize your risk is if you have multiple interests and then you can
multiple interests and then you can
multiple interests and then you can embrace the genius at the end and find
embrace the genius at the end and find
embrace the genius at the end and find ways to go off and do those interests
ways to go off and do those interests
ways to go off and do those interests and be great at them if you’re following
and be great at them if you’re following
and be great at them if you’re following something just because you want to
something just because you want to
something just because you want to diversify but you don’t really care
diversify but you don’t really care
diversify but you don’t really care about that you really have a deep
about that you really have a deep
about that you really have a deep passion for it it’s not going to work
passion for it it’s not going to work
passion for it it’s not going to work out and it’s only going to detract from
out and it’s only going to detract from
out and it’s only going to detract from your original goal intention but if you
your original goal intention but if you
your original goal intention but if you really love what you’re doing you love
really love what you’re doing you love
really love what you’re doing you love that new opportunity you see how you can
that new opportunity you see how you can
that new opportunity you see how you can make your work especially if we can
make your work especially if we can
make your work especially if we can integrate somehow is what you’re
integrate somehow is what you’re
integrate somehow is what you’re currently doing then there is an
currently doing then there is an
currently doing then there is an opportunity to potentially stand out and
opportunity to potentially stand out and
opportunity to potentially stand out and have that be your unique differentiator
have that be your unique differentiator
have that be your unique differentiator and so the advice I felt is worth having
and so the advice I felt is worth having
and so the advice I felt is worth having a discussion over because it’s such
a discussion over because it’s such
a discussion over because it’s such common advicing goes here and I really
common advicing goes here and I really
common advicing goes here and I really want you to think about the reasons why
want you to think about the reasons why
want you to think about the reasons why you’re doing something and take it with
you’re doing something and take it with
you’re doing something and take it with a grain of salt and ask yourself is this
a grain of salt and ask yourself is this
a grain of salt and ask yourself is this really the best thing for me and so
really the best thing for me and so
really the best thing for me and so again if you don’t know what you’re
again if you don’t know what you’re
again if you don’t know what you’re doing and you’re just trying to minimize
doing and you’re just trying to minimize
doing and you’re just trying to minimize risk diversification is great if you
risk diversification is great if you
risk diversification is great if you love doing multiple things and see
love doing multiple things and see
love doing multiple things and see extensions that you are equally
extensions that you are equally
extensions that you are equally passionate about the crucification is
passionate about the crucification is
passionate about the crucification is great if it’s not those two things don’t
great if it’s not those two things don’t
great if it’s not those two things don’t diversify put your eggs in one basket
diversify put your eggs in one basket
diversify put your eggs in one basket and watch that bat fit like a hawk so
and watch that bat fit like a hawk so
and watch that bat fit like a hawk so the question of the day today is what
the question of the day today is what
the question of the day today is what are your thoughts on diversification
are your thoughts on diversification
are your thoughts on diversification good bad depends of scenario leave in
good bad depends of scenario leave in
good bad depends of scenario leave in the comments below I’m going to join in
the comments below I’m going to join in
the comments below I’m going to join in the discussion I also want to give a
the discussion I also want to give a
the discussion I also want to give a quick shout out to Gregg so Julia thank
quick shout out to Gregg so Julia thank
quick shout out to Gregg so Julia thank you so much for picking up a copy of my
you so much for picking up a copy of my
you so much for picking up a copy of my book your one word it really really
book your one word it really really
book your one word it really really really really means a lot to me and I
really really means a lot to me and I
really really means a lot to me and I hope you enjoyed using it thank you guys
hope you enjoyed using it thank you guys
hope you enjoyed using it thank you guys so much for watching I believe in you I
so much for watching I believe in you I
so much for watching I believe in you I hope you continue to believe in yourself
hope you continue to believe in yourself
hope you continue to believe in yourself and whatever your
and whatever your
and whatever your where it is much love I must see you
where it is much love I must see you
where it is much love I must see you again tomorrow morning for another shot
again tomorrow morning for another shot
again tomorrow morning for another shot events better they believe nation we’re
events better they believe nation we’re
events better they believe nation we’re working on a top ten rules for success
working on a top ten rules for success
working on a top ten rules for success from Jane’s prints and so here is a
from Jane’s prints and so here is a
from Jane’s prints and so here is a quick sneak peek at some of the clips
quick sneak peek at some of the clips
quick sneak peek at some of the clips we’re looking at that I thought you’d
we’re looking at that I thought you’d
we’re looking at that I thought you’d enjoy as a bonus I’ve been in situations
enjoy as a bonus I’ve been in situations
enjoy as a bonus I’ve been in situations especially does it as a young brother
especially does it as a young brother
especially does it as a young brother situation with a woman something you
situation with a woman something you
situation with a woman something you just like get a job get a job for
just like get a job get a job for
just like get a job get a job for working someone else can’t do it for
working someone else can’t do it for
working someone else can’t do it for anybody off same thing be like a every
anybody off same thing be like a every
anybody off same thing be like a every person they may have attended here and
person they may have attended here and
person they may have attended here and only beat you none of that gets you now
only beat you none of that gets you now
only beat you none of that gets you now what is all about building a team around
what is all about building a team around
what is all about building a team around you you know even if they don’t see your
you you know even if they don’t see your
you you know even if they don’t see your big motive people lawyer Alice didn’t
big motive people lawyer Alice didn’t
big motive people lawyer Alice didn’t listen to their opinions and accept the
listen to their opinions and accept the
listen to their opinions and accept the opinion but you know a lawyer is a long
opinion but you know a lawyer is a long
opinion but you know a lawyer is a long yellow businessman they all not to do
yellow businessman they all not to do
yellow businessman they all not to do what we know to do and it’s a whole
what we know to do and it’s a whole
what we know to do and it’s a whole nother game right investment and all
nother game right investment and all
nother game right investment and all that comes up what happened a lot of
that comes up what happened a lot of
that comes up what happened a lot of times people tasted success man and they
times people tasted success man and they
times people tasted success man and they feel the intensity they don’t claim any
feel the intensity they don’t claim any
feel the intensity they don’t claim any like if this is happen okay I’m going to
like if this is happen okay I’m going to
like if this is happen okay I’m going to go get a job ain’t no song like that and
go get a job ain’t no song like that and
go get a job ain’t no song like that and say well you know what’s your backup
say well you know what’s your backup
say well you know what’s your backup plan if this film flops and jomega money
plan if this film flops and jomega money
plan if this film flops and jomega money and I don’t have a back-up plan except
and I don’t have a back-up plan except
and I don’t have a back-up plan except to do something else to make something
to do something else to make something
to do something else to make something else is that’s it that is back at the
else is that’s it that is back at the
else is that’s it that is back at the plan a PNC you come here whatever that
plan a PNC you come here whatever that
plan a PNC you come here whatever that may be not good if you can come up with
may be not good if you can come up with
may be not good if you can come up with you know to have an in placement if you
you know to have an in placement if you
you know to have an in placement if you can’t that’s part of plate you know
can’t that’s part of plate you know
can’t that’s part of plate you know Casey the end of that road you believe
Casey the end of that road you believe
Casey the end of that road you believe I’ve been having obstacles all my life
I’ve been having obstacles all my life
I’ve been having obstacles all my life you know all my life and you know I have
you know all my life and you know I have
you know all my life and you know I have a sin of God before me the world could
a sin of God before me the world could
a sin of God before me the world could be against me you know and yeah there
be against me you know and yeah there
be against me you know and yeah there you can clapping and the murder
you can clapping and the murder
you can clapping and the murder yeah so you know every obstacle you know
yeah so you know every obstacle you know
yeah so you know every obstacle you know that was before me you know I dealt with
that was before me you know I dealt with
that was before me you know I dealt with a hit on you know I didn’t run I dealt
a hit on you know I didn’t run I dealt
a hit on you know I didn’t run I dealt with him trial over all of them and you
with him trial over all of them and you
with him trial over all of them and you know they came from a lot of different
know they came from a lot of different
know they came from a lot of different areas from the police department
areas from the police department
areas from the police department you know politicians IRS you know all
you know politicians IRS you know all
you know politicians IRS you know all the powers that be you know it appeared
the powers that be you know it appeared
the powers that be you know it appeared that they were how to try and stop our
that they were how to try and stop our
that they were how to try and stop our movement but
movement but
movement but you know once again you know we were
you know once again you know we were
you know once again you know we were fearless and no weapon formed against me
fearless and no weapon formed against me
fearless and no weapon formed against me will prosper
”
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