Diversification.
I just needed one word to express it and here it is. Diversification is really important to minimise risk and save you a lot of money.
Those who don’t understand let me explain:
- It spreads out your investment, which means that you have chances of earning more.
- Reduces risk, depending on how much you have invested, it reduces the risk of your investment.
- When you diversify, you give rise to new opportunities that you didn’t think it would work, but it did.
If you are planning to invest in a single company, don’t. Diversify your investment and invest in several other companies. This will not only reduces risk but maybe increases chances of earning more if one company performs better than the other.
If your money is piled up into a single entity or currency, your chances off losing it all is much higher than anything. Which is why whales in steemit also have their money and investment in other crypto currency, other than bitcoin and steemit.
But don’t limit diversification to just investment, in the simplest term it means having a backup plan. Take 
Which brings me to say that time is a currency you cannot waste. The currency once you have lost it, means you have lost it and it will never come back again.
Diversify your source of income and investment and you’ll be earning money from places you never thought you would.