I want you, for a moment, to think back to 2001.
In the United States, there was a financial scandal that rocked the entire landscape of retirement accounts and make people run to their advisors with questions or sit online with their retirement savings accounts for hours. An energy company called Enron had financial difficulties that they hid very well...until they couldn’t any longer.
The price of the company stock fell from around $90.00 down to a dismal $0.26 when the company filed for bankruptcy.
But the MOST heartbreaking part of the Enron scandal?
The employees of the company, some who had worked with the company since they formed in 1985, lost everything they had saved for their retirement years because they ONLY had Enron stock in their account.
##You never want to put all of your eggs into one basket, because if something happens to that basket...you will be in some crazy trouble.
It does not just apply to money.
This principle applies to anything in your world. From applying for only ONE job and waiting to hear from them, to buying a car without any type of research or comparisons, it can be trouble for sure.
Make sure that you don’t have everything in one basket and are trusting in that one thing. Evaluate ALL options, and diversify yourself.
