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How to Grow Rich by Creating Multiple Streams of Residual Income (How To Create Wealth Book 1) Kindle Edition

15 customer reviews

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Length: 86 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Product Details

  • File Size: 232 KB
  • Print Length: 86 pages
  • Simultaneous Device Usage: Unlimited
  • Publication Date: March 1, 2012
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B007GE8ZUK
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #737,862 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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More About the Author

Praveen Kumar is a best selling author who was abandoned by his father at the age of fourteen and joined the Navy at tender age of fifteen where education and free rations were guaranteed.

In order to understand the root cause of suffering he turned towards philosophy and religion. His intense spiritual quest lasted for over fifteen years. During this period he totally neglected the material side of life.

Then one fine day he understood that 'life is 'and material and spiritual world are closely interwoven. You cannot live in one without the other. There is a saying that 'Once your mind expands it never goes back to its original state'. Something of the sorts happened to him and the transition happened within a very short period of time. His doubts and sufferings vanished and his mind became balanced and steady.

One of the reasons he identified as root cause of his suffering was his deep seated financial insecurity resulting from his childhood deprivation. He took pre-mature retirement from the Navy after having successfully commanded submarines and set about building his financial future.

Within short span of a decade starting out with virtually no capital he built his financial empire through real estate investing and internet marketing that has allowed him to retire and work from home.

Praveen strongly feels that it is only through increasing ones spiritual, emotional and financial intelligence can someone transform not only ones own life but also of his loved ones. He now writes books and articles on financial and spiritual matters to empower people to improve their lives.

Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful By Hiram Gonzalez on October 5, 2012
Format: Kindle Edition Verified Purchase
A broad way to explain things. Same as rich dad. No clear examples or methods. Great for the uninformed, not so much for those who understand the concept of an asset.
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7 of 8 people found the following review helpful By Richard Stooker on March 4, 2012
Format: Kindle Edition Verified Purchase
Most people are financial slaves because they trade their time for freedom. The heart surgeon gets paid a lot more for their time than the McDonald's team member, but the principle is the same.

Freedom lies in creating residual income.

That is, income that continues with little or no additional effort on your part.

Thanks to the Internet, it's easier than ever.

This book is not the last word on the subject. It doesn't go into enough detail. For example, it recommends buying rental properties, but this is a deep subject. You need much more education to be a landlord. And it's not residual income until you turn everything over to a property manager, and finding one you trust is tricky.

He mentions investing. As a proponent of investing for income, I wholeheartedly agree with this. However, unless you have very large amounts of money to invest, it will take you many years.

I recommend focusing on one residual income business, build it up, and start investing for income when you can afford to do so.
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3 of 3 people found the following review helpful By Grace Darby on March 3, 2012
Format: Kindle Edition Verified Purchase
I have just finished reading this book and it is an absolute eye opener on how to create long term wealth that will last for generations.

It not only explains the importance of creating residual income that many books teach but also gives practical ideas and steps to on how to create residual income.

I specially liked the chapters on the 'Wrong Way' and the' Right Way' to create multiple streams of income. There are so many foolish people out there who are touting "Get Rich Quick" schemes. This is a well thought out book about creating income sensibly for the long term.

This is a must read book for any one serious about seeking financial freedom as it lays down the blue print for creating long term wealth.
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3 of 4 people found the following review helpful By George J Barendse on March 5, 2012
Format: Kindle Edition
Residual income is income that keeps coming in month after month, year after year, from work you do only ONCE. One type of residual income is earned when a product is sold and the customer reorders the same product again and again requiring no additional effort. This type of order is referred to as an auto-ship.

Residual Income - This is the beauty of network marketing and MLM, work once get paid multiple times. This residual income can also be boosted and augmented by other items in your multiple stream sales funnel, by training membership sites and programs as well as marketing tools that require monthly fees.

Multiple streams are likely to bring in more revenue and will increase opportunities for residual income. A successful online business is an online business that works for the online business owner through multiple steady flowing streams of income, and what is more important, substantial residual income.

These tips are helpful but to receive complete and comprehensive information, ONLY this Ebook "How to Grow Rich by Creating Multiple Streams of Residual Income " will give you the needed knowledge to become successful ---buy it!
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1 of 1 people found the following review helpful By Jorge Garcia on February 18, 2013
Format: Kindle Edition Verified Purchase
It is an easy read and has some good insights, but I was expecting a bit more valuable information and examples.
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By mjones28 on October 16, 2013
Format: Kindle Edition Verified Purchase
This book is an excellent read for anyone looking to make a living on "autopilot. The author speaks of unique ways, not the common topics to make money. I will refer to this book again and again for my money making ideas. I myself, as the author of the book, "A Single Mother, A Few Perspectives, and anyone else that is a single parent" agree that sharing your knowledge and utilizing your talents awaits the true "money maker".
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By New Mom on April 13, 2013
Format: Kindle Edition Verified Purchase
The book was written in an easy to read and follow format and provided very good ideas that can be explored further. His advice can work for anyone that is willing to put in the work.
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good concepts ideas, but doesn't delve too deeply into anything more than that - other than 'make residual income' there are many ways to fail doing this. Recommended quick reading to open you up to a few possibilies.
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