Develope Financial Freedom with Robert Allen

The book "Multiple streams of income" gives you a detailed overview over how to develope financial freedom.

Robert Allen is an expert in the field, and is a millionaire mentor who has helped thousands of people to develope financial freedom.

He is the author of the two best selling financial freedom books ever.

No1 is"Nothing Down" a guide on how to buy real estate with little or no money down.

No2 is "The One minute Millionaire" where him and co-author Mark Victor Hansen shows you how to develope financial freedom by making that little extra effort they call "The Millionaire Minute".

The book I am covering here is called "Multiple streams of income" and will take you trough a range of subjects concerning financial freedom.

You will learn:

How to retire wealthy on a dollar a day

How to earn an extra million in your lifetime

The 9 characteristics of the ideal home-based business

Low-risk ways to double your money in the stock market

9 ways to find real estate bargains

How to earn from 15% all the way up to 50% return on your investments

How to earn up to 1000$ a day, from your own home

How to profit from the internet explosion

How to become an information entrepreneur

How to cash in on the secrets of intellectual property
(This does not mean you have to be intellectual!)

And many more ways to develope financial freedom

When you read this you probably have a little skeptical thought saying:"Yeah,yeah I have heard this before" and you are right ,it sounds to good to be true. The point is that Robert Allen proves that all these methods work by his own example. Having said this I am not saying that you will be able to develope financial freedom straight away. You might need a bit of time, but the book gives you an amazing overview over methods you can use to develope financial freedom..

The areas he focuses most intensely on are:

Real estate

Infopreneuring (Information Entrepreneur)

Licensing intellectual property

Internet marketing

Network marketing

Stock market investment

Saving

Tax cuts

Tax lien certificates

The books most revealing point is how to earn an extra million in your life time on one dollar a day. Reading this book will not only give you a lot of information on how to develope financial freedom, but it also gives you a more balanced and realistic approach to the subject.

Robert Allen is used to teach people from ordinary backgrounds how to develope financial freedom and how to make extra ordinary money. He is one of my personal heroes so it is not easy to find any drawbacks with the book other than that it is a lot of information to digest.


"How to develope financial freedom"

Here is an interview with Robert Allen on how to develope financial freedom. The interview is made by Mike Litman who has his own talk show on radio.

Robert Allen's 7 Steps To Develope Financial Freedom

Knowing how to care for, nurture, and increase your cash flow is essential to develope financial freedom. New York Times best selling author Robert Allen recently shared his insights on The Mike Litman Show.

Mike Litman: Let's stay here. You talked about the decision you need to make. You talked about the difference between the transition from security to freedom.

Let's briefly talk about, Robert, the 7 essential money skills. Briefly share those with my listeners.

Robert Allen: Well, if you wanna be good at money, you're going to have to be good at 7 things:

#1 is you have to be good at valuing every dollar bill, because every dollar bill is a money seed. It grows if you plant it and you fertilize it and you weed it and you hoe it. It becomes a money tree. That money tree generates money for you for the rest of your life. It's on automatic pilot.

Most people don't value the dollar bill. Therefore they throw it away. They destroy it and they don't put that money away so it can grow into a half a million, or 5 million or 10 million or whatever.

So you have to value the money. #2, the second skill you have to learn is how to control it. You have to have a system for having the money flow into your life.

The most important fundamental is, do you save money every single month? The money that flows into your life and the money that flows out of your life, is there a surplus every month? No matter what your living expenses are, no matter what your income is, there's got to be a surplus left over. It may be the hardest thing to do but is absolutely critical for long-term wealth.

The third skill is to save the money. Not only to have money left over at the end of month but you have to save, save it.

A friend of mine quit smoking the other day and she said to me, she bragged to me, "Bob I saved $50 this last month." I said, "well, where's the money? Where is it? Show it to me."

She didn't have it.

It went into her budget and she just lost it and it was gone. She should have taken that $50, pulled it out of your life and saved it, you wouldn't even have missed it! You just quit smoking.

So the point is, skill #3 is you've got to save, save it. You not only gotta save it but you have to get it out of your life.

The fourth skill is you've got to learn how to invest your money. We were talking about that when it came to high rates of return. You gotta get your money growing at 10% or more.

If it's not growing at 10% or more, you're never going to get rich. You have to have high rates of return. That means more risk and it means more knowledge on your part.

You've got to do some studying. You've got to do some mentoring with people who really know what they're doing and you have to increase your rates of return in things like the stock market and bonds and investments etc. etc.

The fifth skill is what we call "making it", how to make money. This is different than investing.

To invest it is a very passive thing. I can sit behind my computer screen. I don't have to know who's on the other side of that computer screen. I don't have to persuade anybody. I don't have to sell anything in terms of a product or a service. I just push a few buttons, click here, click there, I buy, I sell, I can do it in my undershorts in the middle of the night.

I don't have to talk to anybody. I can be a complete recluse, but if it comes to making serious money in terms of a living and making a living and making some real chunks of cash, you're either going to do it in real estate or you're going to do it by owning a business.

Both of those are going to require different skills. It's going to require some more kinds of risk, it's going to require some more persuasion ability, it's going to require some more knowledge.

That's why it's a different, separate skill than just investing your money. Making it is different. I say, "there's 10 ways to make it in the world. 10 different kinds of ways to make some serious money," which hopefully we will get to.

The sixth skill is to learn how to shield your money. Because hey, you can make a lot of money, but if you haven't shielded it from the dangers of this world, then it's going to get lost.

You have to set yourself up and today it's more difficult to protect yourself with corporations and limited family trusts and LLCs and various different secret things that you do, nothing that's illegal, nothing that's immoral, but you know if you would ask me today, well ask me, Mike, ask me if I'm a millionaire.

Are you a millionaire, Robert?

Absolutely not. And I wouldn't want to be. Now, I know where the money is and I live like a millionaire, but I do not want to be one.

I don't want to have my financial statement display to anybody to show them that I have anything. I don't want them to know where it is. I don't want them to know who owns it. I drive a nice car and I live in a beautiful home and I have beautiful things and I might travel anywhere I want, but it's all paid for by all different operations and entities because it's a dangerous world out there and you have to play that game.

You have to set yourself up before you get a lot of money because you need to plan for that eventuality.

A final skill is to share it. You've got to share your money. Frankly, for me, I pay my sharing first.

Out of every dollar I get in, and out of every net profit that I get in, I pay 10% right off the top. It's the first money that I spend and then I live on the rest and I save the next 10%, then I spend the rest on taxes and shelter and cars and whatever else.

End of interview on how to develope financial freedom with Robert Allen.


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