Multiple Streams of Income: Do They Work?

For years, the debate over having multiple streams of income has taken place among many entrepreneurs. In this episode, PBD shares his opinion on the subject.

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[kvtnation]

How to win in biz

1.find a hot market
2. Ask what exactly they want
3. Provide

[ghimanshuss]

a doctor who checks all kind of diseases are general doctor and not paid much but the specielist doctors in some area are paid the highest.

[iAmSprouts]

He said “it’s like asking how to be a great grandpa when you don’t even have kids yet. First, go have kids. ”

Real great content and advice Pat!

Absolute Gold

[tomboy]

Specialize now; generalize later. Great insight!

[sankalpdubey]

This is the least discussed topic in the community.... people only talk about it on surface.... This needs more coverage.... glad you made this Pat.

[baldeepbirak]

Specialists in a field are a premium. They get more work done in less time. I stick to IT sectors I know really well? Let others dabble in multiple areas. I would aim for 3 great strengths so you are the go to person.

[Riggsnic_co]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[tedmurphy]

I’m glad someone said it! I think creating multiple streams of income is horrible advice. In your video about having a work life balance, you said it best- “Humans are not machines.” We as humans are DESIGNED to focus, not be all A.D.D. and multitasking trying to be in a million things at once. Trust me- it adds a lot of unnecessary stress and inefficiency trying to balance multiple streams of income.

Focus. Then diversify. That’s the name of the game.

[sarawowoutfitsideaspintere]

Really good,
I take your videos as a course, Im from a country that's considered very poor (CentralAmerica Nicaragua), however, thanks to these videos I feel that I have access to education & that's good, really good for people who dont have too many resources to pay for a course.
Thank you So Much!
May your Millions and your energy Multiply so you keep helping others.

Blessings ❤😊

[MichaelJohnson-]

We have multiple streams within the same type of business. Activations, Subscriptions, Equipment, License Fee's etc. All part of the same thing.

[LifeResolved]

“Wealth is the ability to fully experience life.”
Henry David Thoreau

[mulesttia]

This is the only channel that delivers value consistently. All the other "gurus" never go past surface level stuff and only reply using cliches

[YJI]

+Valuetainment Yet another video has been published covering a topic I've had in my mind for years. It's like you guys are constantly reading my mind and uploading videos covering topics that I need/want answers for lol. So glad to see you come back! Also, huge congrats on buying Crown Plaza!!

[FaLkraydz]

You know what it feels like? It feels like I asked you a question and you gave me a private 10 minutes answer. I guess I'm trying to say that this video was for me. I need to watch this video every morning before going to work. Thank you so much!

[aliyasarosh]

Patrick! You are such a blessing for young entrepreneurs.
One day I will be thankful to you for my success.

[areebsiddiqui]

I am really lucky to have a channel like Valuetainment

[PrateekSinghal]

Hey Pat, I love how you almost always focus on mastering one thing, one industry, Focus on one thing instead of trying to go after multiple things. Your videos give value worth 100s of Millions of dollar. Can't thank you enough! I'm working on Hobbmate. Hope one day you hear this name from somewhere else. Then I'd like to meet you.

[Tagukon]

THANK YOU! I've been searching for this answer for years now, finally a well thought analysis of whether to start multiple business at the same time and more importantly WHEN to start another business.

[NjofieWilson]

Great insight sir Pat. Indeed specializing at an early stage is key. At first, I was doing general graphic design, printing, and web design, but when I decided to specialize in web design alone, my impact and income started to grow exponentially. Thank you for the great knowledge always.

[ciprodriguez]

When you have to prove you're a Jedi You make videos like THIS!