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.
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.
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Multiple Streams of Income
This book just puts it all in perspective. You have to want to change your financial life and Mr. Allen give you the tools to make this happen. You may not try everything in the book but start off slow. Once your able to save your first $10 - $20k in just a matter of months it makes you want to do more at a faster rate.