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

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John Wiley & Sons, Apr 5, 2004 - Business & Economics - 336 pages
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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.
 

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Laws of Money
1.- Value each and every dollar you make.
2.- Control every penny that flows through your life.
- Charity, yourself, taxes, shelter [house], daily expenses, auto payment, fun
& entertainment, insurance, misc, business, etc.
- Only buy what you wen in for {millionaire minute}.
- Write down everything you spent.
3.- Save Money.
- Put every extra dollar you have somewhere hard to reach, [e.i:mutual fund]
- Destroy your credit cards, before they destroy you.
4) Invest your savings.
- Have at least 3 months of living expenses on a safe bank account.
- Convervative: Mutual funds (many years) <no lowed/no comissions>
- Moderate:
- Risky: ETFs, Forex, etc
5) Making Money
- Start thinking of starting you own business.
6) Protect and/or preserve your money.
- Corporations, trusts and family partnerships.
- Never cosign a loan.
- Carry adequate liability insurance.
- Never serve on a board of directors.
- Never entere a partnership without a quick escape plan.
- Assume the worst and expect the best (aka; plan for the worst)
- Put your money in multiple baskets.
7) Share it.
MONEY TREE FORMULA
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Multiple Streams of Income
- The business you choose to start should have expantion potencial.
Outstanding (Product, Service or Information)
- The product you sell has to be on the top 5% of the products being sold.
Nothing Down (least amount of money to start)
Employee Resistant
- Try to find a business which generates the most moeny with the least amount of employees. (hire slow-fire fast)
Yield, how much will it be?<fill>
Trend & Timing
- Make sure your going with what is hot or what is definitely going to be hot.
- Baby boomer trends <healthcare, investment advice, tech, specialty (couch potato products), entertainment>
Residual
- Moeny that will be made without you working.
Essential to everybody, everyday.
- Something that is necesary for everyone. (e.i: Real Estate)
- Try to apply to every product you sell (try to make them interchangable)
Enthusiam
- Love what you do/sell.
Intrapreneurs: Influencing others, people take your advice easily? Like to give recommendations to others, are you a good spokeperson, enjoy selling your ideas, have enough value to get paid for them.
Skill: Influence & lead (likes to be on a team)
Jobs: Comission Salesperson, consultant, part owner, insurance agents, securities agents, network marketers
Extrapreneur: Artist? Do you enjoy creating, do you like to entertain.
Skill: Create or Entertain (residual income)
Jobs: Songwriter (royalties), actor, visual artist, game designer, celebrity endorser
Infropreneur: Do you like to organize information, enjoy teaching? can you explain complicated subjects easily... is it important to you to help others improve the quality of their lives... are you an idea person... brainstorming solutions to problems, do you like to write/read.
Skill: Organize & teach (makes money selling info)
Jobs: Authors, marketing consultants, franchisers, software creators.
Autopreneur: Do you enjoy finding bargains, comparing to make decesions are you a good saver, squeese the last ounce of benefit from a situation... like analysing numbers>
Skill: Analyze and Invest (looking for investments on products and services)
Jobs: Cash flow real estate, venture capitalist, mutual funds, tax loan certificates, etc.
Dollar cost averaging: The martes rises and lowers so invest on a month to month basis without worrying about how the market is doing. (only works for long term investing)
Tax Lien Certificates (great investment)
- You either get the property or a % of interest (14-50%)
- Texas has good tax lean certificates.
Silent partnerships on small businesses are good.
 

Review: Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth

User Review  - Karim - Goodreads

I think the book highlights many things that most people might not have thought about before. Unfortunately I think it's presented poorly in a haphazard way. I'm torn between giving two stars or three, but I think this book leaves a lot on the table for and hope a revision is in store. Read full review

Contents

Chapter 1 Easy Money Financial Freedom on a Dollar a Day
1
Chapter 2 The 10Minute Millionaire
13
Chapter 3 The Money Tree Formula How to Create Lifelong Streams of Cash Flow
31
Chapter 4 The Mountain Range of Financial Freedom The Three Great Money Mountains
43
Chapter 5 Success in the Stock Market Investing for Total Idiots
49
Chapter 6 Accelerated Stock Strategies Four Ways to Magnify Your Returns
61
Chapter 7 Double Your Money in the Market How to Multiply Your Investment Dollars
79
Chapter 8 Winning Big in Real Estate
107
Chapter 11 OPT Huge Profits by Paying Other Peoples Taxes
171
Chapter 12 Network Marketing The Ultimate Money Machine
181
Chapter 13 Infopreneuring How to Turn a Tiny Classified Ad into a Fortune
209
Chapter 14 Licensing Intellectual Property at Warp Speed
241
Chapter 15 The Internet Your Next Fortune Is Only a Click Away
253
Chapter 16 Financial Fortress Stategies Shielding Your Multiple Streams of Income
277
Chapter 17 Balancing Act Getting Your Act Together
295
Chapter 18 Share It Leaving a Legacy That Outlives You
309

Chapter 9 A Fortune in Foreclosures and Flippers
141
Chapter 10 11 Powerful Ways to Earn 20 Percent or More on Your Money
155

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About the author (2004)

ROBERT G. ALLEN is the author of the #1 megahits Nothing Down, Creating Wealth, and The One Minute Millionaire, as well as the national bestseller Multiple Streams of Internet Income. A popular guest on radio and television shows including Larry King Live and Good Morning America, he has been featured in the Wall Street Journal, Barron’s, Parade, People, and Reader’s Digest.

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