In many instances, we hear the phrase “don’t put all your eggs in one basket”. It can be about an investment, it can be about how you spend your time, or it can be about the people you’re with. Let’s break it down and see why it’s such an important principle to have in your life. We’ll start with some examples.
- Don’t put all your eggs in one basket because if it falls, all the eggs break
- Having more options is always a better bet in any circumstance
- Don’t settle for what works, use what works but keep your options open. Stay curious!
- If you don’t put all your eggs in one basket and the basket falls, you only lose some of your eggs
- This principle can effect your life in subtle ways that can catch up to you if neglected
- Just like any habit, this principle needs to be consistent before it becomes a habit
- The more friends you have, the less likely you’ll end up lonely….catch my drift?
Don’t put all Your Eggs in one Basket
The best way to explain the whole egg and basket shi’t is to use some more examples. When dating, a lot of people have the tendency to jump into relationships right away. It’s easy to get emotional and get sucked into that vortex. When the relationship goes sour, the person ends up depressed. He/she put all their eggs in one basket. They invested all their emotions in one person which usually leads to disaster.
How about money? Money is the same way. Having one job versus having a job, a stock portfolio, rental income from property and a small online business. What happens if person B loses his rental income because his property caught fire or got downsized from his job? He’ll still have the small online business and stock investments. Person A, with the one job, will be screwed if the “boss” has a bad day and ends up firing him. Without income, his life is over until he starts generating it again. If you become sick or get injured, your lifestyle is in jeopardy as well. Not to mention at any moment, you can get fired. If someone has two part time jobs and loses one, the world isn’t really turned upside down.
Let’s think about it outside the realm of a career or part-time job. Even those who are self-employed will suffer financially if they become ill or have to take off from work. Those who are self-employed still have to run their business which takes time. Business owners on the other-hand don’t have to worry about time, but even then, having all your eggs in one basket means one source of income. DON’T put all your eggs in one basket!
How to Apply Abundance to Your Life
Don’t put all your eggs in one basket. Of course, nothing is absolute, but there aren’t many areas in life, this principle doesn’t fit well in. Children is probably one area many agree an abundance doesn’t help much. Wiping a toddlers ass isn’t the forte of all. Consciously remind yourself never to settle. Add more food choices to your shopping list, talk to more than one friend, make sure you have more than one source of income.
Scarcity can breed many problems. Whether that scarcity is from limited options or limited resources. If you find yourself afraid of losing your job, it’s warranted. You’ve grown too dependent on one source of income. If you find yourself too attached to a member of the opposite sex, go out and talk to more people, no one likes an obsesser. You drive a car? Well have a metrocard in your wallet just in case. Find out where in your life that is lacking abundance and create a system to deliver it. Create a list of areas where your eggs find themselves in one basket. Start with the most urgent, life effecting area’s and move up the list!