Every six months, I review my investment portfolio with my business manager, a guy I grew up with in Chicago who knows more about money than anyone I’ve ever met. His advice has saved me a lot of financial grief over the years, and I’m grateful to have him in my life. (Sadly, he mostly eats Chicago dogs and Italian beef sandwiches, so I tend to ignore his opinions on health.)
Anyway, I’ve been thinking about everything he’s taught me, and if I had to boil his wisdom down to a single word, that word would be diversify. It’s a simple concept but it can make all the difference in your financial future.
The idea of not putting all your eggs in one basket also applies to a career in the entertainment industry. Too many of you focus on one goal—making it as an actor—when dividing your interests might increase your chances of achieving success and being a happier human being.
Let’s use Adrian Grenier, the actor who played Vinnie Chase on “Entourage,” as an example. You could argue he’s a one-trick pony who was never able to parlay his signature role into a feature-film career. I would counter that you’re wrong. Besides acting, Grenier has produced and
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