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Multiple Streams of Income

Multiple Streams of Income

List Price: $24.95
Your Price: $17.47
Product Info Reviews

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Rating: 5 stars
Summary: Versatile Common Sense
Review: Not since Charles J. Givens has there been a book that has practical ways to increase your bottom line. You do not need to use the whole book to profit from it! The tips on writing covered calls have more than paid for the price of the book. It has a variety of ways to add money to your pocket. I highly recommend this book.

Rating: 5 stars
Summary: Serious treatment of multiple sources
Review: Robert Allen has shown why he is a bestselling author again. His style is easy, informative and just plain exciting. Critics may complain that it is a lot of pie in the sky, but his real life examples and use of recognized experts in the field like Donoghue on mutual funds bring reality in to focus. His initial discussion about compounding money should be a course taught in elementary schools. I know that I certainly regret not knowing the power of compoud interest when I was younger. The truth is that as you finish this book the ideas will start to flow and you won't know how to find time to start dealing with them all. I have a couple of infopreneuring ideas that I want to start researching at once.

Rating: 5 stars
Summary: In responce to Joseph L. Fecarotta
Review: Joseph criticizes Network Marketing, but also recommends Kiyosaki's book, Rich Dad Poor Dad. What he doesn't know is that Robert Kiyosaki highly recommends network marketing as a way to create another income stream. I highly recommend this book

Rating: 1 stars
Summary: Allen's at it again . . . . (yawn) . . .. .
Review: Robert Allen is a less unprofessional version of Wade Cook and Carleton Sheets. Yet all three men base their theories on pie-in-the-sky instances and have all the integrity of the get-rich-quick ads in the back of Entrepreneur magazine. Real estate, don't let anyone fool you, DOES take cash, credit and constant participation to invest in. And even THEN you still might not make money. Options are risky for people who KNOW what they're doing with them, and they're foolish for novice readers with little knowledge or spare cash. Geez, what's next, Allen? Are you going to write about how ANY financially inept individual making minimum wage can trade commodities like a pro?

Plus, would you REALLY want to take advice from a guy who has filed for bankruptcy twice? That's a little known fact you WON'T find in ANY of his books. Much of the internet community knows about the histories of such BS artists like Cook, Sheets, Allen, Ken Roberts and such - purveyors of the "lottery lifestyle" that prey on those looking for an easy way out. I'm just trying to make you understand who you're getting financial advice from before you lose your shirt following his methods.

Rating: 5 stars
Summary: For those serious in creating Multiple Sources of Income
Review: In this day and age, and I foresee in the coming 10 years, the internet will revolutionise the way we generate our income. In a large way, the internet revolution will see the End of Work (as we know it). Like it or not and whether we realise it or not, more and more of us will have to operate as entrepreneurs as more employers outsource their work on an ad-hoc basis. From being employers, more of us will have to operate as contractors, seeking work and selling our services on a project basis. Needless to say, generating one's income from a single source will be increasingly precarious. The future will not augur well for the employee.

This is where Multiple Streams of Income fills an important need for those who want to take action now and secure their future. This book, beside teaching Robert Allen's 10 sources of income, is paradigm-shifting. The first 4 chapters alone are worth the price of the book. The reader will be taught the vital mindsets one needs to have towards money and wealth before embarking on the various streams of income.

A useful companion to have while reading this book, is Robert Kiyosaki's trilogy - Rich Dad Poor Dad, Cashflow Quadrant and Rich Dad's Guide to Investing.

Rating: 5 stars
Summary: Being focused on Success
Review: Having been successful and then losing it all has taught me a great deal. Most people who have negative comments on why they or others can't become successful is on the wrong track.

In Multiple Streams of Income, I've discovered many opportunities to making money. Some of which I've done - and being successful in doing it. I'm looking forward to the Tax Lien Certificates approach. I've already been an infopreneur and in network marketing.

Success in any venture takes a change of one's mindset. Robert G. Allen offers the reader a chance to develop a success mindset - only if the belief is there. He's proved it in the real estate world - time and again - and now in showing the reader (me too) how to earn money and develop true multiple streams of income.

The main problem with most people is that they are not willing to put the effort (real effort) and sacrifices to bring about success - so they tend to downgrade any opportunity that comes along.

Be an opportunist and read this book - then follow through....

Bob Choat, GMS

Rating: 1 stars
Summary: Multiple People Giving Allen their Income Streams -- yuuuck.
Review: This book starts well. Investing, cost cutting, and if you jump to the infoprenuring chapter, you'll be happy (I think that's what I must have done...missed that whole Network Marketing chapter or I wouldn't have plunked down the change). The book also has great quotes lining the chapters of the book. If I knew where to find those alone I'd tell you to buy that book instead. So for those things, the book gets its one star.

Books like this are sold on a faulty premise: you buy this book, you make millions. Well, as other reviewers have stated, once everyone is doing it, or everyone tries it, the opportunity dries up. With our fast paced economy, I suspect that most of the opportunities that people like Mr. Allen write about are pretty much over buy the time he writes about them. Why else tell the world ?

So what are we to do ? Buy the expensive tapes, the $400 lists of Tax Lien Certificates, and the Network Marketing fiasco...and then make money ? I tend to think its the other way around: people are making money selling you information that YOU have to make true. With all of these type of books, if the schemes fail, its not Allen's fault, its YOURS for not trying hard enough, for not being dedicated enough, for not buying enough literature !

Most unfortunate thing in this book is the Network Marketing chapter. Mr. Allen throws his whole weight behind the MLM strategy, despite the enormous amount of evidence that the MLM premise is false and detrimental to people's personal life. How can I read the excellent chapter on infoprenuring when in the previous chapter he's put his stamp of approval on the shady world of Pyramids and Network Marketing ?

Inside this book there is a quote by Alan Greenspan that states Finance books outsell sex books 5 to 1. This is a tough field, and trying to get multiple streams of income could be dangerous to your financial health as it could be beneficial. The real money is coming from you to Mr. Allen for his book.

That is the only transaction that you can guarantee.

Rich Dad, Poor Dad is a superior book because it avoids slimy areas that Mr. Allen seems to thrive in.

Don't buy the book. Read the chapter on Inforprenuring in a book store and then run to the shower and get that smarmy film that will grow on your skin from reading Multiple Income Streams.

Rating: 5 stars
Summary: Five Star Method To Help All Of Us Be Financial Winners !
Review: This brand new 300 page course can be the path to wealth for everyone, not just the big money folks. Robert leads us down the path of wealth, without regard to where we currently stand financially. He provides the basic steps and tools, shows exactly how simple it is to attain wealth, with a minimum of effort, only discipline. He covers retirement, low-risk methods, big consistent gains, and provides great ideas in easy to understand language. There's even info on the best tax shelters for you. His "Money Tree Formula" shows how to create lifelong streams of cash flow, simply. He emphasizes that "every dollar bill is a money seed," helping you realize the value of each single dollar in attaining financial success. Simple to follow charts and worksheets show you the facts and help you plan and track your financial success. Mr. Allen says "divert a few of your ill-spent dollars and funnel them into some well-timed investments, you can achieve financial success." You'll learn the really simple "key" that we generally ignore as we look for the golden goose. I completely agree with his premise that "procrastination is expensive." This is probably the main reason most of us never attain real financial success. One of the best books on gaining wealth that I have read. I intend to put his theories into practice. Consider doing the same. A great idea book.

Rating: 4 stars
Summary: Pretty good book. Makes some good points.
Review: The main thing I like about this book is the premise of it. There are pretty much two schools of thought to getting rich in America. The conservative approach is to save and invest for the long term by buying good quality stocks and holding them for the long haul. With diligence month in and month out, you will certainly have a nice pile of money at the end of your working life. The problem with this approach is that you have to wait for years and years and then you enjoy your money. The opposite extreme is to "get rich quick" through various methods like daytrading or what have you.

This book takes more of a middle of the road approach. I like the concept of multiple streams of income. It's a different "diversification" strategy than just a defensive strategy. Most people never make it in life because they're so busy either working for a living or protecting what money they have accumulated.

This book is different from most in that it talks about income as opposed to accumulation. It doesn't talk about getting rich quick, but I suppose you could get rich quick with some of the methods. It talks specifically about income. Income is what people need to conduct their daily lives. You can't eat the stock you are buying and holding for the long term. What you need are sources of income other than a job. If you lost your job tomorrow, what do you do then? Saving for retirement is great, but what about now while you're still working? You need more than one source of income, and this book tells you how to achieve that.

I'm giving this book 4 stars because I like the strategy the book presents. The problem is that some of them are not realistic. Tax lien certificates are not available in all states for instance. Some people may not want to invest in real estate. Overall, it's a good book. If you don't follow any of the strategies, at a minimum you can start thinking about diversifying your sources of income which is certainly a far cry from desperately hanging onto a job.

Rating: 5 stars
Summary: Excellent Guide for Beginners and Intermediate Investors
Review: "Multiple Streams of Income" is the course on money we never had in high school. For those of us in the "middle class" and "lower class," Robert Allen offers a ray of hope about our financial condition. With some discipline we can get out of debt and not only become financially healthy but also have the opportunity to reach for financial freedom. He sheds some light on a truth that, with a little discipline and persistence, we can participate in the American Dream.

In the first four chapters Robert Allen introduces us to some key concepts. He starts off showing us that $1 a day with enough time and invested in the right place can grow into $1,000,000 in less than a lifetime. He then teaches us seven essential money skills and introduces us to the concept of money streams (income) that can pour into our cash reservoir and the leaks (expenses) that can dry up that reservoir. In the third chapter he explains the difference between linear and residual streams of income and how all of us need to develop residual streams of income. He offers his concept of the Money Tree formula, 9 characteristics that a stream of income must have in order to help us out in the long run. In chapter four Robert Allen introduces us to another concept - the three great money mountains - investment, real estate, and marketing. Ten streams of income flow from the mountains that can - with discipline, persistence, patience and wisdom - lead us to financial freedom.

The next section of the book focuses on those ten streams of income that flow from the investment, real estate and marketing mountains. In these chapters Robert Allen introduces us to ten different ways we can create wealth. Each way deserves a book of itself, and indeed, Allen does highly recommend that you study further whatever strikes your interest. I really found it refreshing that an author would recommend in his book others who had areas of expertise where he did not.

The last section of the book focuses on taxes, shielding your wealth legally and how to create time to work on the streams of income you choose to develop.

Those who have long been involved in the different streams of income Robert Allen introduces in his book will find "Multiple Streams of Income" elementary in flavor. But for those of us who find ourselves living paycheck to paycheck and having "too much month at the end of the money" can really learn a lot from this book. Bob Allen introduces us to a new world we didn't know existed and tells us that we can participate in that world too.

A note about the web site.... In his book Robert Allen does encourage you to visit his website where there is a ton of other information as well as the opportunity to receive a newsletter and join in on a seminar. The website is an extention of his book. Though some may find this offensive, this provides the reader with an additional opportunity to explore streams of income that can enhance one's financial health.

This book is a great graduation gift, wedding gift, anniversary gift, birthday gift.


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