Passive Income and Expenses - The Crenshaw Family

The Dave Crenshaw Success Show

Join my family as we discuss the success principle of passive income and expenses. Together, my kids and I define how our attention connects to income and expenses. We discuss why understanding both concepts is an important aspect of balanced success.

We discuss the myth of passive income and how low-attention income is the true goal. And then, we share various ideas to create low-attention income, as well as different kinds of passive expenses to look out for in the future.

Action Principle

• Find a low-attention income source. Low attention income can help supplement your primary source of income and help you find a healthy work-life balance. ACTION: Schedule time to think about low-attention income sources that might work for you.
• Minimize passive expenses. Passive expenses will slowly eat away at your budget with little to no return. ACTION: Schedule time to review your passive expenses and determine which ones no longer fit your needs.

Suggested LinkedIn Learning Courses

Time Management Fundamentals

Balancing Work and Life
Dave Crenshaw develops productive leaders in Fortune 500 companies, universities, and organizations of every size. He has appeared in Time magazine, USA Today, FastCompany, and the BBC News. His courses on LinkedIn Learning have been viewed tens of millions of times. His five books have been published in eight languages, the most popular of which is The Myth of Multitasking—a time management bestseller. As an author, speaker, and online instructor, Dave has transformed the lives and careers of hundreds of thousands around the world. DaveCrenshaw.com

Luvut

1. Principles of Success (00:00:05)

2. Exploring Passive Income Options (00:07:22)

3. Passive Income and Expenses (00:16:08)

4. Understanding Passive Expenses and Income (00:22:23)