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Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth (2nd Edition) Hardcover – April 5, 2004

ISBN-13: 978-0471655787 ISBN-10: 0471655783 Edition: 2nd

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Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth (2nd Edition) + Multiple Streams of Internet Income: How Ordinary People Make Extraordinary Money Online, 2nd Edition
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Product Details

  • Hardcover: 336 pages
  • Publisher: Wiley; 2nd edition (April 5, 2004)
  • Language: English
  • ISBN-10: 0471655783
  • ISBN-13: 978-0471655787
  • Product Dimensions: 6.5 x 1.2 x 9.5 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (108 customer reviews)
  • Amazon Best Sellers Rank: #499,559 in Books (See Top 100 in Books)

Editorial Reviews

From the Inside Flap

Would you like multiple streams of lifetime income flowing into your life?

If you answered "YES!", then you will profit from Robert G. Allen’s Multiple Streams of Income, Second Edition. In these pages, the bestselling author of the #1 megahits Nothing Down and Creating Wealth shows you how to create multiple streams of lifetime cash flow. You’ll learn 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.

A bestselling financial author and mentor, Allen has researched hundreds of income-producing opportunities and narrowed them down to ten surefire moneymakers for the new millennium. Now revised and updated, this practical, no-nonsense guide reveals Allen’s findings and shows you:

  • How to retire wealthy on a dollar a day
  • How to earn an extra million in your lifetime
  • The 9 characteristics of the ideal home-based business
  • Low-risk ways to double your money in the stock market–– FAST!
  • 9 ways to find super real estate bargains
  • How to earn 18%, 36%, and up to 50% returns on your investments–– guaranteed
  • How to earn as much as $1,000 a day right from your own home
  • How to profit from the Internet explosion
  • How to become an information multimillionaire
  • How to cash in on the secrets of intellectual property
  • Plus–– how to keep more of your money using tax shelters

Now better than ever, this revised edition features completely updated charts, tables, and graphs, as well as an entirely new chapter with twelve powerful new ways to earn extra income through real estate.

Multiple Streams of Income, Second Edition is the result of a lifetime of research and experience in teaching thousands of people how to achieve financial freedom. And now it’s your turn. In this book, you’ll learn how one good idea can set you up for life!

From the Back Cover

PRAISE FOR THE FIRST EDITION OF Mulitple Streams of Income

"The whole idea of Multiple Streams of Income will be a powerful paradigm shift for most people. Bob Allen then gives practical and beautifully illustrated knowledge on how to do it. Mastering financial principles is an important habit in life because it gives us the freedom to focus on what matters most. A valuable read." –– Dr. Stephen R. Covey author of  The 7 Habits of Highly Effective People

"If you’re ready to have the money just keep rolling in, read Multiple Streams of Income by Robert Allen. Bob knows how to share his lifetime of learning, compressed in an easy-to-read, easy-to-absorb, and easy-to-use format."
–– Jack Canfield and Mark Victor Hansen authors of the Chicken Soup for the Soul® series

"I have tremendous respect for Robert Allen’s ability to teach people how to make a lot of money. His book, Multiple Streams of Income, contains a wealth of information."  –– Robert T. Kiyosaki author of Rich Dad, Poor Dad and CEO of Cash Flow Technologies

"Multiple Streams of Income is a wise investment! Robert Allen once again delivers us the simple and sound advice that quenches our thirst for healthy economic prosperity." –– Ken Blanchard coauthor of  The One Minute Manager®

"Multiple Streams of Income is an incredible book! You will learn more practical ideas to make money, keep the money you make, and become financially independent in this book than in any other single source. It is a financial success bible for the twenty-first century." –– Brian Tracy author of The 100 Absolutely Unbreakable Laws of Business Success

"One idea that Robert Allen gave me added an additional stream of over $100,000 in our income. Think what 18 chapters full of innovative, no-nonsense strategies can do for you! Read Multiple Streams of Income and reap the harvest." –– Dr. Denis Waitley author of The Psychology of Winning


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Customer Reviews

Robert Allens techniques work.
W. Orlando
I guess a good way to make money is to write a book telling people how to make money.
Hoss
This book is very well laid out, informative and practical.
Mark

Most Helpful Customer Reviews

70 of 77 people found the following review helpful By A Customer on April 5, 2004
Format: Hardcover
This book is really the first step in a series up "up-sells" that Allen and his organization will attempt. There is some good stuff but you won't find enough of it in the book to actually accomplish anything. That's on purpose. They want you to feel compelled to purchase some more material...and on and on it goes until you're a few THOUSAND dollars into the "system." Even then it's small small percentage who find any kind of success.
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78 of 87 people found the following review helpful By W. Orlando on April 9, 2004
Format: Hardcover
Robert Allens techniques work. No matter if you are interested in real estae, network marketing, discount mortgages, infopreering, Entrepneuring, Tax Liens, Internet or whatever, you will make a lot of money only if you apply what Robert G. Allen teaches.
Great book. Highly recommended.
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55 of 62 people found the following review helpful By Washington, DC reader on January 4, 2005
Format: Hardcover
I listened to the cd version of this book out on Nightingale Conant and I couldn't wait to post here.

Robert Allen tries very hard to project the kind of emotional excitement that a Tony Robbins does and falls weirdly, woefully short. Two quotes from the book standout: He describes ideas coming from California as a "Stench" that crosses the country (helloooo all my California listeners!) and he LAMENTS that an employee of his sexually harrassed another employee and he missed out on the "fun" (exact quote) while getting sued. Sexual harrassment is "fun" to Robert Allen? I listened to that three times because it made no sense, but it's his words, not mine.

Let's hammer out some financial details. Allen spends way too much time talking about compound interest. We all learned about that in Junior High "Consumer Math." He uses examples of 20% gains year-by-year over a period of 40 years to prove his point. It is irresponsible for anyone to suggest to a reader that you can get consistant 20% gains over the long haul (anyone have single digit stock market gains after 9/11/2001?) - therefore all of Allen's compound interest examples are fantasies. All he had to do was live with acceptable 10-15% interest gains for 40 years and I wouldn't have complained. Allen then backtracks on a chapter on "Tax Lien Certificates" and says people could be pleased with 14% gains. What happened to 20% gains? Allen also backtracks claiming that to get 20% growth one needs to invest in real estate properties as well as the stock market. Individual Real Estate properties do NOT provide compound interest- it's a great investment and can provide 20% gains annually, but it's not an example of compound interest it's an example of the rising value/cost of an item.
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35 of 39 people found the following review helpful By MAT on March 29, 2005
Format: Hardcover Verified Purchase
I am generally not a Robert Allen fan, but I did read this book because I was intrigued by the title. The book is *generally* pretty good, but it oversimplifies the "streams of income" as he calls them. His first 3-4 streams are about investing in stocks, options, etc. It is not that this is not great investments, but it is also really hard to be good at it. I have an MBA with degrees in finance and economics and have been investing for 10 years, but even I wouldn't try some of his suggestions about options investing simply because I don't think I have enough knowledge or experience to do it well. I understood everything he was presenting and I *might* be able to do it, but I am presenting my review to someone who may not have a background in investing and economics in which case you might be in over your head by following the advice for a couple of his investing income streams. It takes a lot of research and experience to pick good stocks and even more experience and knowledge to pick options, which is why Wall Street money managers make so much in management fees.

His other income streams are about investing in real estate, which is also good material, but definately harder then he makes it out to be. To his credit he does state that only 1 out of every 100 prospects will be willing to do business the way he is suggesting. Therefore my point is that I wouldn't call this income stream "part-time" or easy. It would take a lot of marketing work and aggressive searching to continually and consistently produce 100 prospects so you can get one deal out of it. Investing in real estate is a great income stream, but most seasoned investors including myself will tell you it is pretty hard, does require some of your own money (at least a little) and is NOT part-time work.
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57 of 66 people found the following review helpful By Satori on May 19, 2006
Format: Paperback
Robert G. Allen is a notorious and relentless internet spammer. If you should happen to somehow end up on one of his email lists like I did, he will send you several junk emails a day. Unsubscribing doesn't work, and trying to block the sender's domain is useless because the emails are sent from a different domain every time. The funny part is that the emails aren't even coded properly. They always show up as just a bunch of html code. Would you really take internet money-making advice from a guy who can't even code html properly? Anyway, his spamming practices are completely illegal and it's only a matter of time before the law catches up with him. But that shouldn't come as any surprise considering that mister Allen has been in trouble with the law before. He's had several run-ins with the IRS, lawsuits against him, and a chapter 7 bankruptcy. I would also stay away from his Nothing Down real estate methods. Many of those practices are illegal, and the president of the Nothing Down club in Atlanta wound up in federal prison because of it. For more info on Allen, visit johntreed dottcomm, click on Real Estate Investing, then click Real Estate Guru Ratings. Bottom line, don't trust this guy and don't buy his books. And if you're reading this Mr. Allen, take me off your @%#&*$ mailing list!!!
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