Short excerpt from a YouTube video arguing that a common social-media claim—that the average millionaire has multiple income streams—is a misconception. The speaker asserts that highly wealthy people typically focus on one business or skill, scale it, and only then add additional ventures once systems and teams are in place.
Concept that we see on social media, like the average millionaire has seven incomes. That's the misconception I don't like as well. I see that in the entrepreneur space so much. These people come in, they're like, well, you need to have nine incomes. Every person that I've seen that's made extreme amounts of wealth, they've always focused on one thing, done that one thing, and then when it's scaled to a very high level and they can bring people on or build systems around it, then they go on to the second thing.
