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

336 Pages·2005·5.49 MB·english

by  Robert G. Allen

ffirs.qxd 1/26/05 10:06 AM Page i
$
Multiple Streams
of Income
Second Edition
ROBERT G. ALLEN
John Wiley & Sons, Inc.
ffirs.qxd 1/26/05 10:06 AM Page i
ffirs.qxd 1/26/05 10:06 AM Page a
Praise for Multiple Streams of Income
“Multiple Streams of Incomeis a smart, instructional read for anyone just beginning, or
well on their way to financial freedom. You can’t go wrong with this book. It’s right on
target.”
Michael Gerber
Founder and Chairman,
The E-Myth Academy
“Reading this book is in itself a transforming experience. The financial principles are as
sound as the Rock of Gibraltar and are explained with such clarity you will never forget
them. You get inside the mind of one of the great entrepreneurial thinkers of our time
and see just how he turns ideas into profits. Few successful multimillionaires are also
successful at writing books that clearly explain how others can succeed. As a teacher
with an abundance of brilliantly organized, fascinatingly relevant lessons on how to
create wealth, Robert Allen is unsurpassed.”
Scott DeGarmo
Former Editor in Chief and Publisher,
SuccessMagazine
“Twenty years ago, Robert Allen showed us how to get rich in real estate with no
money down. Now, he shows us exactly how to become financially independent in the
twenty-first century economy by developing multiple streams of income. This is a great
book. Every working person in America could benefit from reading it.”
Michael B. O’Higgins
Financial Advisor
Author, Beating the Dow
“Robert Allen’s book, Multiple Streams of Income,is provocative and should be read
cover to cover by everybody from the entrepreneurial or investing novice to the most
experienced and seasoned of us. It will be difficult to come away without new, prof-
itable information, but for many, just the kick in the butt to be more aggressive in
diversifying could prove very valuable.”
Dan S. Kennedy
Author, How to Succeed in Business by
Breaking ALL the Rules
“The information contained in the first paragraph of page 283 alone is worth 100
times the price of this book.”
Gary Halbert
Author, The International
Gary Halbert Letter
“This book promises multiple streams of income but actually delivers mulitple streams
of mountainsof income. Iam astounded by the abundance of wisdom in every chap-
ter—enjoyable quotations, easy-to-understand graphs, simple rules to follow, websites
to check for free, and references to others who have used these proven systems suc-
cessfully. This book will truly guide ordinary people to create and keep multiple
streams of lifetime income. Bravo, Bob. You have done it again. You are the financial
mentor to the world’s aspiring millions.”
Raymond Aaron
Author, Vast Profits for the 1990’s
ffirs.qxd 1/26/05 10:06 AM Page b
“Bob Allen has done it again with his new book, Multiple Streams of Income.It’s the
best treasure trove of multiple ways to make money, save money and protect money
that I have ever seen. If you can’t make money with this book, check your pulse. You’re
dead.”
Larry Williams
Author, How to Outfox the Foxes
“Bob Allen has the unique ability to teach proven moneymaking systems while motivat-
ing the student to take action. I have personally seen Bob’s information transform
thousands of lives for the better—including my own. In the past 10 years I’ve pur-
chased over 800 properties using the information you’ll find in this book. I highly rec-
ommend his books to my own students. I’m sure he has another best-seller in Multiple
Streams of Income.”
John R. Burley
Author, Automatic Wealth
audio program
“Robert Allen is an information alchemist. He has the ability to distill complex informa-
tion into simple formulas that get results. In the 13 years that I’ve known him and
worked with him, I’ve witnessed how his teachings have directly compelled countless
people to create substantial wealth and happiness in their lives. He is one of the great
money mentors of our time.”
Donald Wolfe, M.A.
The Vision Coach
C.E.O. Consultant and Corporate Trainer
“I have tremendous respect for Robert Allen’s ability to teach people how to make a lot
of money. His latest book, Multiple Streams of Income,contains a wealth of informa-
tion.”
Robert T. Kiyosaki
Author, Rich Dad, Poor Dad
Chairman, Cash Flow Technologies
“Very few people have influenced my life more than Robert Allen and one of the most
profitable things I learned from him was the importance of multiple streams of income.
This book will change your life. Read it and then give it to your children.”
Ron LeGrand
Author,Fast Cash with Quick Turn Real
Estate and Cash Flow Generator
“Bob Allen understands how to get other people’s efforts, assets, and money working
hard for you. In his new book, Multiple Streams of Income,he shows you 10 powerful
ways to create income streams that anyone can use successfully to create financial free-
dom and security.”
Jay Abraham
Author, Getting Everything You Can Out of
All You’ve Got
ffirs.qxd 1/26/05 10:06 AM Page i
$
Multiple Streams
of Income
Second Edition
ROBERT G. ALLEN
John Wiley & Sons, Inc.
ffirs.qxd 1/26/05 10:06 AM Page ii
Copyright © 2000, 2004, 2005 by Robert G. Allen. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or
transmitted in any form or by any means, electronic, mechanical, photocopy-
ing, recording, scanning, or otherwise, except as permitted under Section 107
or 108 of the 1976 United States Copyright Act, without either the prior writ-
ten permission of the Publisher, or authorization through payment of the
appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rose-
wood Drive, Danvers, MA 01923, [phone], fax [phone], or
on the web at www.copyright.com. Requests to the Publisher for permission
should be addressed to the Permissions Department, John Wiley & Sons, Inc.,
111 River Street, Hoboken, NJ 07030, [phone], fax [phone].
Limit of Liability/Disclaimer of Warranty: While the publisher and author have
used their best efforts in preparing this book, they make no representations or
warranties with respect to the accuracy or completeness of the contents of this
book and specifically disclaim any implied warranties of merchantability or fit-
ness for a particular purpose. No warranty may be created or extended by sales
representatives or written sales materials. The advice and strategies contained
herein may not be suitable for your situation. The publisher is not engaged in
rendering professional services, and you should consult a professional where
appropriate. Neither the publisher nor author shall be liable for any loss of
profit or any other commercial damages, including but not limited to special,
incidental, consequential, or other damages.
For general information on our other products and services please contact our
Customer Care Department within the United States at [phone], out-
side the United States at [phone] or fax [phone].
Wiley also publishes its books in a variety of electronic formats. Some content
that appears in print may not be available in electronic books. For more infor-
mation about Wiley products, visit our web site at www.wiley.com.
Library of Congress Cataloging-in-Publication Data:
Allen, Robert G.
Multiple streams of income / Robert G. Allen.—2nd ed.
p. cm.
Includes index.
ISBN 0-471-65578-3 (cloth); 0-471-71455-0 (pbk.)
1. Money. 2. Income. 3. Finance, Personal. I. Title.
HG221.A415 2004
332.024'01—dc22 2004040906
Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
ftoc.qxd 1/26/05 10:07 AM Page iii
$
C O N T E N T S
PREFACE v
ACKNOWLEDGMENTS vii
INTRODUCTION ix
CHAPTER 1 Easy Money: Financial Freedom on a Dollar a Day 1
CHAPTER 2 The 10-Minute 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 Your First Stream: Success in the Stock Market—
Investing for Total Idiots 49
CHAPTER 6 Your Second Stream: Accelerated Stock Strategies—
Four Ways to Magnify Your Returns 61
CHAPTER 7 Your Third Stream: Double Your Money in the
Market—How to Multiply Your Investment Dollars 79
CHAPTER 8 Your Fourth Stream: Winning Big in Real Estate 107
CHAPTER 9 Your Fifth Stream: A Fortune in Foreclosures
and Flippers 141
CHAPTER 10 Real Estate Supercharger: 11 Powerful Ways
to Earn 20 Percent or More on Your Money 155
iii
ftoc.qxd 1/26/05 10:07 AM Page iv
iv Contents
CHAPTER 11 Your Sixth Stream: OPT—Huge Profits by Paying
Other People’s Taxes 171
CHAPTER 12 Your Seventh Stream: Network Marketing—
The Ultimate Money Machine 181
CHAPTER 13 Your Eighth Stream: Infopreneuring—
How to Turn a Tiny Classified Ad into a Fortune 209
CHAPTER 14 Your Ninth Stream: Licensing—Intellectual
Property at Warp Speed 241
CHAPTER 15 Your Tenth Stream: The Internet—
Your Next Fortune Is Only a Click Away 253
CHAPTER 16 Financial Fortress Strategies: 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
INDEX 312
fpref.qxd 1/26/05 10:07 AM Page v
$
P R E F A C E
Dear Reader of Multiple Streams of Income:
For over 20 years, through my best-selling books and international seminars,
I’ve taught thousands of people how to achieve financial freedom. Now it’s
your turn.
In these pages, I’m going to teach you how to earn multiple streams of lifetime
income. More specifically, you’ll learn 10 different ways to earn these extra
income streams. These are not just ordinary streams of income. You’ll learn
how to create the kind of residual income streams that flow into your life 24
hours a day—even while you sleep. You’ll learn how to create these special
streams of income...
✔on a part-time basis.
✔working right from your own home.
✔using little or none of your own money.
✔with few or no employees.
✔using simple, proven systems that really work.
In addition, I will show you how to...
✔gain control of your finances.
✔earn high rates of return—18 percent, 36 percent, and as high as 50 per-
cent—using little-known financial strategies, some even guaranteed by
the government!
v
fpref.qxd 1/26/05 10:07 AM Page vi
vi Preface
✔earn as much as $1,000 a day right from your own home.
✔make an extra $50,000 to $100,000 a year for life.
✔perhaps even become a lifetime multimillionare.
What will all of this get for you? A lifestyle that gives you the freedom to do
what you want, when you want, with whomever you want. There is a Spanish
saying that captures the essence of this lifestyle:
“Salud, Dinero y Amor y Tiempo para disfrutarlo”
(Health, money, and love, and the time to enjoy them)
If this is what you want, let’s work together to make it happen in your life.
Prosperously, your money mentor,
Robert Allen