Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! Second Edition

Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! Second Edition

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.

Editorial Reviews

Amazon.com 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 real estate 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 real estate strategies for finding motivated sellers, securing creative financing, and buying foreclosures and tax liens. 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

From Publishers Weekly
The man behind Nothing Down: How to Buy Real Estate with Little or Nothing Down is back; this time, he stops just short of promising every reader untold riches. A quick look at the chapter titles--"Infopreneuring: How to Turn a Tiny Classified Ad into a Fortune," "The Internet: Your Next Fortune Is Just a Click Away," etc.--prepares readers for the journey ahead. Allen's basic advice is to get paid multiple times for the same work: write a book or a song or license an innovative idea and collect royalties for years; become a multilevel marketer and get a piece of every sale made by others in the organization. The dollars will literally roll in while you sleep, Allen claims, hardly wasting a comma on the fact that most people fail to create recurring streams of income from these ventures. The hype obscures the sound financial advice he does offer: live well within your means, save regularly and invest a significant portion of your money in index funds. However, Allen doesn't help his case by making it sound as if a 20% return in the stock market is commonplace or by suggesting that engaging in esoteric investment strategies such as writing "covered calls" is as easy as falling off a log, and much more profitable. It is too bad the book doesn't come with a money-back guarantee for readers who don't become millionaires. At least that would have been a sure thing. 150,000 first printing; $300,000 ad/promo; 15-city author tour. (Apr.)
Copyright 2000 Reed Business Information, Inc.

From Library Journal
Why do some people earn ten times more than the rest of us? Allen (Nothing Down), one of the more successful of the multitude of financial advisors, shares his techniques for creating multiple streams of stable, secure income that will lead to a lifetime of wealth and ease. Listeners will learn secrets of generating unlimited wealth, making and keeping money, investing surplus funds for the long term, controlling money, and shying away from debt, especially using credit cards. Creating multiple streams of income via investments, the high ranking of tithing, and the author's skills at protecting money help set this item apart from the countless array of similar works in this replete genre. Allen's seven essential money skills value it, manage it, save it, invest it, make it, shield it, and share it form the foundation of the material, which is crisply presented in a combination of planned text and recorded excerpts from some of his financial planning seminars. Look for this title to be frequently requested, considering Allen's high visibility: his numerous prior successful works on money management, feature articles, and TV appearances. Recommended for all public libraries. Dale Farris, Groves, TX
Copyright 2002 Cahners Business Information, Inc.