Product Description

In Multiple Streams of Income, bestselling author Robert Allen presents ten revolutionary new methods for generating over $100,000 a year—on a part–time basis, working from your home, using little or none of your own money. For this book, Allen researched hundreds of income–producing opportunities and narrowed them down to ten surefire moneymakers anyone can profit from. This revised edition includes a new chapter on a cutting–edge investing technique.

Product Details

• Amazon Sales Rank: #279282 in Books
• Published on: 2004-03-23
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 368 pages

Amazon.co.uk Review
The author of the rags-to-riches real estate bestseller Nothing Down for the '90s presents advice drawn from 20 years of writing and promoting get-rich books through seminars, infomercials, and home-study courses. In Multiple Streams of Income, Robert G. Allen shows you how to create income with little or no investment. Says Allen: "Today, very few families can survive on less than two streams of income. In the volatile future, you will need a portfolio of income streams--not one or two--but many streams from completely different and diversified sources."

Beginning with advice on controlling spending and increasing savings, Allen hits his stride in chapters on stock market and property investing. He draws on the investment advice of others, including Peter Lynch, and even suggests that you invest in Berkshire Hathaway and let Warren Buffett manage your money. Allen also shares his property strategies for finding motivated sellers, and securing creative financing. Additional chapters cover multilevel-network marketing, information and product licensing, and marketing on the Internet. Throughout are checklists, work sheets, and testimonials, as well as pointers to more articles and materials on the author's Web site. It's useful to have so much information so concisely and well explained, and many who read this book will find it hard to resist implementing one, if not several, of Allen's recommended income strategies. --Scott Harrison, Amazon.com

Review
"Most readers will be looking to make money more quickly than over a lifetime, and this is where Allen gets interesting." --CityWire.co.uk, Friday 23rd May 2008

Synopsis
In Multiple Streams of Income, bestselling author Robert Allen presents ten revolutionary new methods for generating over USD100,000 a year on a part-time basis, working from your home, using little or none of your own money. For this book, Allen researched hundreds of income-producing opportunities and narrowed them down to ten surefire moneymakers anyone can profit from. This revised edition includes a new chapter on a cutting-edge investing technique.

Customer Reviews

Bring on the Income Streams...
Fantastic book, especially the chapter on The Money Tree Formula, which teaches you how to earn residual or passive income so that you can become financially free.

Robert Allen mentions that he has probably created more millionaires than any other Guru and he may be right!

The only problem is that this is targeted towards an American audience (with his info on Foreclosures) though his other streams such as generating an Income from the Internet are more usable in the UK.

You are sure to benefit from 2, if not 3 of the income streams mentioned in this book though you may want to seek advice from one of the proven Financial Freedom Gurus in the UK to accelerate your financial well-being.

Mostly Sound Advice with Overstated Claims
In this book, Mr. Allen gives you an overview of the key principles behind creating more sources of income. He claims to focus on opportunities on a "part-time basis," from "your own home," "using little or none of your own money," "with few or no employees," "using simple, proven systems that really work." In many cases, he describes the success that the most successful one percent will enjoy as though that is what you should expect. In other cases, he encourages you to pursue paths that could cause you to lose lots of money. Be careful!

The section on the benefits of regular investing and compound interest is one of the very best I have seen. It shows how as little as a dollar a day invested can be turned into a million dollars over a lifetime. That is followed by 50 ways to save $50 a month so you'll be able to make these investments.

He then has a good section on the money skills you need: "value" money; "control" money; "save" money; "invest" money; "make" money; "shield" money; and "share" money for worthwhile purposes (your legacy). I agree that each of these areas needs work. I do think that the "control" and "shield" sections are overdone for the average person. They are more an indication of personality that is compulsive than of necessary steps. I have known hundreds of people who have achieved financial security through their own efforts, and none of them to my knowledge employed more than a small amount of what is described in those two sections.

I also liked his "moneytree" concept for what kind of a stream of income you should try to build. I do think he makes it sound much easier than it is. I have personal experience with most of these areas, and I thought that they each took a lot of work, strain, and sweat. I also had to put significant financial resources into them before I was done.

The stock investment section is pretty good until he starts talking about buying calls. Don't do it. His advice on buying indexed, no-load mutual funds is good, but he veers off into encouraging sector funds. Don't do it unless you are very knowledgeable.

I thought the real estate section was good, but he makes it sound easier than it is to handle the human interactions necessary to get the real estate with no money down and to do the renting and fix up. Many people would find it excrutiating to do those things. Someone with a lot of emotional intelligence would find it fun. Don't forget that needed repairs can put quite a dent in your wallet, as can having deadbeat tenants (or no tenants).

The tax lien section is pretty good, and more people should look into that.

I thought the network marketing section was woeful. Yes, celebrities have an easy time with network marketing. Are you a celebrity?

I think that licensing will be too tough for most people, although it was a good idea to have it here. This is more appealing for people who are lawyers.

I wish it were as easy to make money from writing a book as he suggests.

The tax material was decent, if a little light.

Overall, Mr. Allen seems to have a need to show off. He likes to tell about his personal successes. I agree that he is a talented man. And I agree that I am not as talented as he is in these areas. So why should I try to follow his advice? Most things require skill or knowledge to do well. If he looked for things that 90 percent of the people succeed in earning a good income from with limited risk, this would have been a great book. But he keeps wanting to pull rabbits out of a hat, by describing places where a few will make a killing while most will get killed. A good example is the section on building an Internet business.

I do recommend that you read the book. But check out the ideas for their difficulty to implement, and their risk, before choosing ones to do. Generally, simpler, safer, and easier are better. If you did everything he suggests, you would have a very complicated life just taking care of your finances.

Before reading this or any other investment book, I suggest that you think through how your would like to spend your time on achieving and retaining financial security. Then, as you read this and other books, check out the ideas to see how well they coincide with your idea of what you like to do. Reject those that push you in directions that are uncomfortable for you. You probably won't follow through, or will do it badly, or will feel lousy all the time. Money just isn't worth making yourself unhappy for.

Keep money in perspective in terms of your goals for a wonderful life!

Donald Mitchell, co-author of The Irresistible Growth Enterprise and The 2,000 Percent Solution