“One of the most common narratives on the internet is that you have to ‘go all in’ and ‘have no backup plan’ in order to be successful. People will cite the success of Elon Musk, Jeff Bezos, and Steve Jobs to further drive home their point. But this is simply survivorship bias. Instead of looking at Musk, Bezos, and Jobs, ask yourself this question instead: ‘How many people have tried to do what these three did, and failed?’ If 3 out of a million make it, it’s probably not the right choice for you. Instead, think about how you can start small and don’t flush years of your productive time down the drain on one ‘big’ idea.”

Justin Welsh