Mel Abraham uses a starfish analogy to explain why diversifying your assets matters. A starfish survives losing an arm because it's not all in one place. If your wealth is concentrated in a single asset, one crisis can wipe you out.
A starfish could lose an arm or a leg, whatever it is, and still survive because it doesn't keep everything in one place. Well, your wealth works the same way. When everything is concentrated in one asset, in one income source, in one business, one crisis can reach all of it. Okay. The starfish advantage, as I teach it, is separation. Spread your assets so that no one single event can take everything at once. One crisis could hurt, but it shouldn't destroy. Are your assets separated? Are they concentrated right now? Tell me in the comments. Love to hear.
