Releasing the need to “wear every hat” and “do 100% of the work in my business by MYSELF” has led to more productivity and peace of mind than almost anything else.
I was drawn to multiple income streams from the day I heard of it.
The only problem was that for YEARS after I believed that I had to do 100% of the work in each stream and invest an equal amount of my TIME into each stream.
And what happened was me just stringing along a bunch of “income streams” that really weren’t producing much income at all.
It was when I realized I needed to take ME out of the equation and grow those streams with something other than MY TIME that I actually began to get a few going that continue to grow.
Try to do all the work yourself in ALL your income streams and you won’t be able to stack them up to prosperity.
You’ll have a pile of “opportunities” that are costing you money every month.
So what’s the solution?
LETTING GO OF THE NEED TO CONTROL EVERYTHING
After a while I realized I needed to treat any new income stream as an investor would treat a new investment.
And to me that meant investing my MONEY into it instead of investing ALL MY TIME in it, and finding people I can TRUST to contribute to the growth of new income streams.
The trust part?
You need to be able to trust in the people you work with as PEOPLE, how your GUT feels about them, but you also need to be able to trust the fact that they’ve gotten RESULTS in the past.
It’s not JUST about “you feeling good about them” or not.
They need to have put up results again and again with a consistent record of growth.
When you can find these people, keep them close.
Partner with them.
Work with them.
Contribute to what they’re doing.
Take work off their plate and ask them questions and then RAPIDLY implement what they say to show them you’re a player, not just a spectator, to show that you’re a GIVER, not just a TAKER.
People like this can help you grow your money in automated ways and open up new income streams safely in ways where you’re not needing to go add ANOTHER few hours of work every day just because you added a new income stream.
People you trust + systems you trust + letting go of the need to do 100% of the work YOURSELF = Freedom, passive income, REAL multiple income streams that grow without your direct involvement.
It’s not a BAD thing to have multiple income streams.
But it can be a CATASTROPHIC event when you have multiple FOCUSES in a way that begins to wear you thin.
Less hats = less heaviness.
1. Make a list of your current income streams and be HONEST with yourself about whether they’re actually working or not. Are there some you don’t even feel congruent about? Cut those NOW.
2. Now that you’re looking at what’s left, figure out whether you’re mainly investing your TIME into these income streams or your MONEY. Anything that’s a PURE investment of your time where you’re spreading yourself thin needs to get SWITCHED immediately.
3. Start connecting with the influencers inside of the currently income stream you’re running, and I mean connect with the ones who are growing that stream mainly with MONEY & SYSTEMS vs. working a million hours a week. Get close to these people. Serve them. Ask them questions. IMPLEMENT.