Multiple Streams of Income is a course created by Robert G Allen. Robert G Allen is an entrepreneur who was 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 your opinion on how to structure your business for long-term success and reliable income.
Multiple streams of income has received 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 with real estate suddenly found their income declining and lost money in many cases. The purpose of the Robert Allen course is to teach people about the principle of having multiple sources of income.
By having multiple sources of income, you will continue to make money even if your equity portfolio suffers or the housing market is affected by 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 a 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 different examples of what works in 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 create an information marketing business. This is basically a business where you sell information products like e-books, home study courses, audio tapes, similar to what Mr. Allen does with his business. This is a proven business model, but you have to remember that it is a steep learning curve where you will really have to invest a lot of time and effort to learn how this business works.
Robert Allen claims that his portfolio of stocks has returned 20% per year. You do 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 no surprise, as 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 in getting these deals off the ground. He is exact about it, but you have to 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 sources 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 you really want a reliable income. The course has received mixed reviews, being positive about the central idea and negative about the difficulty of implementing its strategies. Overall it is an acceptable course and has a lot of cool ideas that you can get a lot from.
