Do you believe in focusing on one project or diversifying your risks?

I can really focus on one project at a time, but overall diversifying your income with multiple streams is definitely the way to go. It's like an insurance policy that financially supports you in case things don't work out.

Other answers by Julia Shem:

• What is your most memorable adventure as a digital nomad? in category Travel
• If you had to start a remote business from scratch, what would you do? in category Startups
• At what point should you begin automating the business? in category Startups
• What's your usual daily work and life schedule? in category Startups
• How did you start your remote business selling metallic temporary tattoos? in category Startups

Other answers in the category Startups:

• Could you provide some examples of online businesses that are completely automated and generate a passive income every month?
• How do you get rid of the fear that people will screw you over when first hiring people in an online business?
• What difficulties did you face in building your business and how did you overcome them?
• Is relocation a good business for digital nomads?
• The start of the digital nomad journey is really tough for me - I'm trying to build something on the side while having a full-time job. However, when I come back home from work I feel so tired I simply can't force myself to work on any new projects. Any advice?

Some random answers on our wiki :

• How to securely store funds in cryptocurrencies? by Benomad Community in category Finance
• What advice do you have for absolute beginner entrepreneurs? by Lukas Paskauskas in category Startups
• What makes you smile now when you travel? What's your favorite thing during travels? by Jacob Laukaitis in category Travel
• As a digital nomad, what do you do about missing important family/friends occasions? by Leo Kipfelsberger in category General
• How do you deal with finances/withdraw money in different places around the world with your main bank account being in your home country? by Andrea Valeria in category General
• Opportunity looks a lot like hard work. What is the hardest part of building a successful business? by Jacob Laukaitis in category Startups
• Was becoming a digital nomad the best decision you made in your life? Is there anything you wish you had done differently? by Jacob Laukaitis in category General
• Where do you start when you're at step 0? by Natalie Sisson in category General
• What are India's digital nomad events? by Benomad Community in category General
• What is your favorite e-mail marketing tool? by Lukas Paskauskas in category Marketing