Day 13 of The 14-day Passive Income Challenge - Oversight - Chaim Ekstein

[Music] welcome to number 13. yes we're holding at number 13 and today we're going to discuss the number three of the manage element of the alm passive income model which stands for attract leverage and manage and the third element of the manage is oversight yes it's passive income but you're still gonna need some oversight so the question is how much oversight do you need and as we discussed in previous days you don't need a lot of oversight but you need some oversight in order for the managers in order for the people that you work with that they should know that you're on top of your game you want to know what's going on you want to understand what's going on and you're not just past it for the sake of being passive they should think almost think that you're active how do you do such a thing how can you have oversight you're busy with your business you're busy with your employment and the the solution to that is to hire somebody to have the oversight for you the quality control for you nowadays it's so easy to hire people from overseas and sometimes it's not so expensive it could be much more affordable than hiring somebody locally hire somebody that can help you with the oversight take somebody who knows excel well take somebody who knows quickbooks well somebody knows software well they should take all the information that you need to get and compare it to what you actually got all your proposed promises to what actually happened and then you understand what's going on and then you can go back to the managers and ask i see a discrepancy here maybe i i got more than i need to get or maybe i got less than i need to get but i want to understand what's going on and even if they didn't make any mistake which hopefully it's going to turn out to be exactly as you want it to be as you were promised but at least they're gonna see that you're on top of your game they're gonna see that you're not a person that they want to start with they're gonna see that you're a person that you want to have an exact exact calculation of everything and they should make sure everything is down to the penny as it was promised or as it was projected and it's not something that it's just gonna slip by because you want to understand thank you for being with me on this passive income journey looking forward for your passive income success