Multiple Streams of Income – Robert Allen, Robert Kiyosaki
 |
There have been many systems and authors who have written about multiple streams of income. But, what do they mean when they say multiple streams of income? Does it have to do with fishing for income? Or, are they referring to the way people can make money in many different ways? If what these authors say is true, why isn’t everybody rich, happy, and retired?
One of the most famous people who wrote about multiple streams of income is Robert Allen. He wrote this book almost ten years ago, after other successful New York Times Bestsellers. In his book, Robert Allen tells you basically how to retire with the multiple streams of income that you will create. These income sources come from the stock market, real estate investing, foreclosure purchases, buying tax liens, and a whole lot more.
Robert Allen’s Multiple Streams of Income is fascinating reading because it basically opens your eyes to the possibilities. Before reading this book, I think that most people had little idea that there is a whole other world of making money than grinding out a 9 to 5 job. Those types of jobs are geared for people who don’t want any risk in life. And, yes, the age old adage of “no risk, no reward” is clearly true. It’s especially true if you are exploring new areas of making money.
Now, Robert Allen’s version of multiple streams of income is not necessarily new. There are a number of authors who write about multiple streams of income. They just call it diversification. These other authors tell you that you should diversify into stocks, bonds, some real estate, some cash, etc. Ever heard of Suzy Orman? She’ll tell you the same thing, BUT she’ll tell you it from a financial guru’s perspective.
Robert Kiyosaki will also tell you the same thing, except he calls it the “Cashflow Quadrant, Rich Dad’s Guide to Financial Freedom.” What does this book tell you … How to become financially secure by creating a system that works for you, because each one of us is different? Robert Kiyosaki will tell you that working for a paycheck is not going to make you wealthy and that the really successful ones get cash from businesses they own and/or invest in?
Do these authors’ words sound familiar? Multiple Streams of Income is really what you make it out to be. In other words, you need to determine your tolerance for risk, your best talents, and what amount of time you can devote to these endeavors.
The next thing, then, is to figure out the “what” to do. Robert Allen’s Multiple Streams of Income may not be the most original system, but it IS a system. It’s a way for people to start thinking outside the proverbial box and expand their opportunities. Now, not all opportunities will be successful. Some will fail. In fact, MOST will fail. That is where the gems of knowledge come from … from failing … learning … and re-inventing yourself … only better!
« Robert Kiyosaki Conspiracy of the Rich | Home | Robert Kiyosaki “The Real Book of Real Estate” »
-
-
Recent Posts
Categories
Blogroll
Comments
Hi, on 3/9/10 I paid for the “Cracking the Millionaire Code” and “Multiple Streams”. Prior to that, about a month ago, I spoke on the phone with Ethan Brindley about joining your group. I had to tell him I was very interested but unable to start that soon. Since then, I have decided I would like to get started now.
I attended a Robert Allen “Nothing Down” real estate investor seminar in 1983, in Florida, taught by the “new guy” Carlton Sheets! I have been familiar with the Robert Allen name ever since.
Thank you,
Robert Luke
rp767@aol.com
Leave a Comment