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Summary: Do you have the guts to be wealthy?
Review: .This book should be read by everyone that is over the age of 18 that is smart enough to think about the future. If you are reading this review, chances are this is the type of person you are. There are two ways of looking at life. One method is to look to the future and considers the effects of time when making financial decisions. The other method, one lives in the present moment with no thought for the future. Which one are you? Consider this: Which would you rather have? $10,000 one time, or $500 more a month for life? It is surprising the number of people who only live in the present moment without giving a thought for the future. If you do the math, you will see that after 20 months the $500/month income stream will yield $10,000. So after 20 months, you are making more money! If you live 30 years, that will be worth $180,000.00. It will probably be worth much more as the value of a smart investment will rise and the income from it will increase. So if you have a choice between a new car that will depreciate quickly over time and sap your financial resources, and a 3 year old car which cost 1/2 the price, that allows you to invest the difference and create growing investments and provide you additional income, there is only one smart choice. Buy this book, if you: 1) Have the desire to become wealthy and, 2) Have the will power to be smart with you investments and, 3) Have the intelligence to realize the time value of money. Make sure you have a good financial calculator and know how to use it too. You will need it to figure out where to invest all that extra money when it starts rolling in.
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Summary: The secret is to DO IT!
Review: Robert Allen's techniques have elevated me into the top 1% of income earners in the US. I have bought and sold over $1,000,000 worth of real estate using only about $5,000 of my own cash. I saw the power of real estate and then followed his example in Network Marketing. The real secret to his books is to read it AND DO IT! Otherwise you get caught in "Analysis Paralysis". ANYONE can do most of the things Robert writes about. But you have to actually get up the courage to go out and try (and fail). One of the reviewers wrote about how people read books like this, then fail to act. They then blame the system and not their own inability to act. I think the real power in this book is to show that you don't need a PhD to do several of the things Robert writes about. His book will show you dozens of ways to add streams of income, simply, and with little risk. Nothing good will fall into your lap. You need to go out and hunt it down. Multiple Streams of Income will help you get there, IF, you do it, and don't make excuses.
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Summary: This book will take you on the road to wealth.
Review: Robert ALLEN is once again at the top of the charts as a best selling author and for good reason; he knows what he is talking about and his techniques work.Multiple Streams of Income offers a no-nonsense way to achieve all the wealth you are willing to work for.Network Marketing, Real Estate, Tax Liens, the Internet, Inforprenuing and licensing plus so much more.It's also a easy read.In addition, I highly recommend Direct from Dell by Mike Dell, a excellent book for anyone who is in buiness or wants to be.These are two of the best books that I have read this year.
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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.
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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.
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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
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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.
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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.
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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
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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.
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