Your investments diversify your life

When asked about what the most important concept in investment is, many - if not most - investors would point to diversification. Diversifying your investments is a very important thing indeed. And yet, there's another kind of diversification that's actually more important and not everyone practises it. I'm talking about the diversification of your life. In these times of uncertainty, many people find their careers stagnant or shaky at a certain point. Generally, they find it hard to switch to another industry which has better prospects. That's because after a decade or so of working in a kind of a job, you become good at it, but you also become its prisoner. In my observation, people who have good savings accumulated at this point generally manage to weather the crisis and adjust their career path to somethi