Robert Allen, A Premier Guru
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Robert Allen is one of the premier gurus in making money and being financially independent. His book “Multiple Streams of Income,” generated a lot of buzz, if nothing else but to give people a sense that they can become financially secure as he puts it “on a dollar a day.”
Robert Allen is best known for his book “Nothing Down,” which created a fury over buying real estate with no money down. He has written a number of great classics that teach the novice what types of ideas can be utilized to generate great opportunities. Some of the things that Robert Allen writes about include buying tax liens. These are properties that the owner may lose because they have not been paying their property taxes or for example, buying properties that are in foreclosure. This is an area that is in big demand right now of course.
What are some of the other lessons that Robert Allen teaches? Well he believes that an income stream from network marketing is the wave of today. Network marketing for the uninitiated is essentially building a revenue stream from a team of people who work for you. Or, another way of putting it, you are earning money from a whole network of people who, when they sell something, you get paid too. It’s almost like having your cake and eating it too.
Another strategy that Robert Allen promotes is how to properly leverage the stock market opportunities. Most people that get into buying and selling stocks are really gamblers. Robert Allen believes that people really need to understand the fundamentals associated with buying and selling stock even before looking at the different stocks available. For example, he teaches stock strategies and covered calls in one of his programs.
Now, not all of Robert Allen’s books and strategies make sense for everybody. It really is a balancing act to know which strategies you are willing to participate in. For example, you may not have much time to go out and look at real estate every weekend of your life. So, you might be more suited to buying stock for a long term hold. This type of strategy is not necessarily a bad thing.
Then there are others who just like to have a physical investment. They like to tinker with fixing things and such. Robert Allen thinks that this could be the type of person who would prefer to own real estate then. Real estate is certainly a long-term hold investment and it certainly will require “watching over and fixing” as opposed to holding a stock certificate, let’s say.
Whatever your make up is, Robert Allen believes that you can do very well and become financially secure. But, you must be prepared to spend the time to understand your market, learn the finance part of any investment, and dedicate your time to do it right.
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