Stroh Brewing: A Reminder That You Only Have To Get Rich Once

If you frequently read articles about personal finance, every columnist, pundit, and article writer will list as abstract advice that you must practice diversification. At some point, though, diversification became such a buzzword that it became devoid of meaning and no longer discussed diligently.

For instance, I view diversification as a sliding scale in which owning diversified cash-generating streams become more important as you age and take on permanent obligations that carry significant fixed costs (kids, mortgage, etc.). Furthermore, the consequences of failure need to be taken into account as well—an eighty year-old woman losing 40% of her net worth is going to have much more significant lifestyle ramifications than a twenty-five year … Read the rest of this article!