This video is about how the speaker grew their passive income streams from $10,000 to over $160,000 per month, and they share five tips that helped them achieve this, including diversifying income streams, optimizing existing income streams, using automation tools and outsourcing, delivering more value, and tracking progress.
This video by Greg Gottfried was published on Jul 30, 2023. Video length: 05:48.
In this YouTube video, the creator shares their experience of growing their passive income streams from $10,000 to over $160,000 per month.
They discuss the Pareto Principle, which states that 20% of the things you do are responsible for 80% of your results. The video then goes on to explain five tips that helped the creator achieve significant income growth. These tips include diversifying income streams, optimizing existing income streams, using automation tools and outsourcing, delivering more value with the business, and tracking progress to determine what is working.
The creator also mentions the importance of investing in education and provides a link to a video about starting passive income streams.
Diversifying income streams is crucial for making passive income.
Optimizing existing income streams can be an easy way to increase income.
Using automation tools and outsourcing can free up personal time and improve overall efficiency.
Increasing income is directly related to delivering more value with your business.
Having a process in place to track progress is crucial for growing your business and income.