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Multiple Streams of Income

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Title: Multiple Streams of Income
by Robert G. Allen
ISBN: 0-471-38180-2
Publisher: John Wiley & Sons
Pub. Date: 17 March, 2000
Format: Hardcover
Volumes: 1
List Price(USD): $24.95
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Average Customer Rating: 3.82 (101 reviews)

Customer Reviews

Rating: 5
Summary: Great book by the great Robert G. Allen
Comment: I have read some of Mr. Allens other work, most notable, The 1 Minute Millionaire and I can't help but come away awed by this great businessman.

When I read Robert Allen I always get a "aha" or a "wow."

In Multiple Streams of Income Allen discloses many diverse ways of creating income, some which include working for a employer. All of these attacks on Allen trying to get people to 86 their jobs and focus solely on entrepreneurship is not completely accurate, although I feel it is the best way.

Allen's real estate strategies covered in this book are more a less a condensed version of Nothing Down and Creating Wealth. The techniques worked well back in the 80's when Allen first promoted them and they still work well now. I know. I've used them.

Everyone should look at discounted mortgages and tax liens. They are two of the most powerful and safest way to invest while getting high rate of returns. Tax liens are government guaranteed and yield between 18%-50% depending on the state that you live in. They are also one of the best ways to get real estate for literally pennies on the dollar.
I have heard of some people who have picked up houses for as little as $300!

Perhaps the most attacked and also the best and most profitable income streams outlined by Allen is network marketing. I can understand the confusion by some people. I too initially was turned off by network marketing untill I realized how powerful it really is. As Allen explains, network marketing is a lot like real estate. In real estate you can buy with little or no money down and use leverage. In network marketing, you can start your own business with very little capital investment and the ,everage is leveraging people. Instead of OPM you use OPC-Other Peoples Contacts.

If you have any doubts about the power of network marketing, just check out todays (2/23/2004) issue of Investors Business Daily. There is a full page article on USANA and discusses other network marketing programs as well. More to the point, it discusses the growth these companies are experiencing.

Mutiple Streams of Income is a good book and a must read for anyone who wants to succeed in the new millenium.

Highly recommended.

Rating: 5
Summary: Good book to help you escape the rat race
Comment: So many people are caught up in the rat race. Go to bed, bet up fight that crazy traffic every day to go to a J-O-B (Just Over Broke) come home and start the whole process over again. WHAT A JOKE!

Fortunately, current employment stats are showing that more and more people are leaving the job market for the stock market or to start their own home based business or to invest in real estate or to start their own business via MLM aka network marketing.

Allen unveils multiple ways to make income that does not require a unappreciative boss. The bst boss you will ever have is the one that looks back at you in the mirror each day.

Aside from Allens great book, I also recommend Rich Dad Poor and Cash Flow Quadrant Dad by Robert Kiyosaki. There is a better way and people like Robert Allen and Robert Kiyosaki are showing the way.

Good luck!

Rating: 5
Summary: Very possibly Allen's best book
Comment: Not since Charles Givens More Wealth Without Risk has someone put together so many risk free or low risk ways to make money.

You can use the "Cooper Covered Call" method along with IBD to make 10%+ monthly returns. You can invest in index funds or if you are more aggressive but still shun the stock market, you can invest in the Pro Funds Bull or Bear Funds. In the past year I have made over 90% with the bull fund. During the NASDAQ meltdown over the last three years I made over 200%. And these are No-Load funds.

Allen also does his usual unequalled job discussing the merits of real estate investing, discounted mortgages and investing in tax liens. With tax liens you can earn 18%-50% (in some states) goverment guaranteed. Sure beats the returns of money market funds, cd's and savings accounts.

Allen also discusses Network Marketing in depth. Anyone who does not understand network marketing and why it is the wave of the present and the future, well, just stick to your 9-5 job. Check out the stock performance of publicly traded network marketing companies like Cell Tech, Usana, Natures Bounty and NuSkin to see how well network marketing companies are doing. It works folks.

Allen also discusses how you can be an entrepreneur or an intropreneur. How to create an internet business legally and ethically.

I hate to even address the nonsense about Mr. Allen sending out spam and other such nonsense. I can only assume that these comments are made by people envious of Mr. Allen's success. They are completely without basis.

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Title: Multiple Streams of Internet Income
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Title: The One Minute Millionaire: The Enlightened Way to Wealth
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Title: Are You Dumb Enough to Be Rich? The Amazingly Simple Way to Make Millions in Real Estate
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