Multiple Streams of Income by Robert G Allen

Multiple Streams of Income is a course created by Robert G Allen. Robert G Allen is an entrepreneur famous for his no down payment courses and has been very successful with his real estate strategies for many years. Multiple Streams of Income is his take on how to structure his business for long-term success and dependent income.

Multiple Streams of Income has gotten a lot of attention because many people were successful in one area until something happened in their industry. For example, people who have been successful in real estate suddenly found their incomes decreased and in many cases lost money. The purpose of Robert Allen’s course is to teach people about the principle of having multiple streams of income.

By having multiple streams of income, you will continue to make money even if your stock portfolio takes a hit or the real estate market takes a hit with the economy. You will have more than one source of income and if one fails, you can depend on the others. You won’t be financially devastated because you didn’t put your eggs in one basket.

The book talks about four mountains of money. These mountains are real estate, the stock market, Internet marketing, and regular marketing. The course has detailed information on each topic and gives you different examples of what works on each one. Learn what Robert has done to set up the system in each category and how he is succeeding in each.

On the subject of internet marketing and marketing, Robert G Allen highly recommends that you set up an information marketing business. This is basically a business where he sells information products like e-books, home study courses, audio tapes, similar to what Mr. Allen is doing with his business. This is a proven business model, but you have to remember that it is a high learning curve where you will have to invest a lot of time and effort to learn how this business works.

Robert Allen claims that his stock portfolio has returned 20% per year. He does this by investing in safe stocks as well as riskier investments. This is very difficult to do due to the current financial situation and requires you to set aside some money to get started.

The last mountain is real estate. This is not a surprise since Robert Allen’s first success was in this industry. In the book, he talks about no-down-payment deals and why creative financing is important to get these deals off the ground. He is right about this, but he must remember that the real estate market has changed over the years and it is not as easy as it used to be.

The most important part of the course is the main idea of ​​multiple streams of income. Most people put all their eggs in one basket and lose it all when something changes or they make a bad investment. The author highly recommends that you set up multiple systems and find out how to automate them if he really wants a dependent income. The course has received mixed reviews, being positive about the central idea and negative about the difficulty of implementing its strategies. Overall, it’s a good course and has a lot of interesting ideas that you can get a lot from.