Finding lowest possible value

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please help me with this problem:

Find the lowest possible value of $$ x+y^3 $$ where both x and y are positive and x*y=1.

I know how to solve this one using my method, but I was suggested to use geometric and arithmetic mean. I have no idea how to solve this using them.

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Since $xy = 1$, observe that $x + y^3 = y^{-1} + y^3 = y^3 + \frac{y^{-1}}{3} + \frac{y^{-1}}{3} + \frac{y^{-1}}{3} \geq 4\sqrt[4]{\frac{1}{3^3}}$.

The equality holds if and only if $y^3 = \frac{y^{-1}}{3}$, that means for $y = \frac{1}{\sqrt[4]{3}} > 0$, therefore your lowest possible value of $x + y^3$ is $4\sqrt[4]{\frac{1}{3^3}}$.