The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy
Do you find a 9 to 5 job stable? Can the salary of the month make you completely financially secure? In this book, you will read the story of two best friends who dreamed of becoming rich. One of them remains successful in his dream while the other fails. This book will tell you how to earn money 24/7, and will also tell some such methods, which will always keep you coming.
Who should read this book
- People working in any field
- to college students
- People who are single earning members of their family
About the author of The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy book
Burke Hedges is a successful entrepreneur, marketing trainer as well as the best selling author. Actually, before that, he was a minimum wage earner, but then once he got a chance to read a book which changed his life. And from that, he got the inspiration to become a salesman and opened his own company. Burke now offers marketing training to people like him to move forward.
The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy book summary
Introduction
Do you also think that success means a stable and secure job? Were we studying hard for so many years to become an employee? Is this our Destiny? So how do we get financial security? How do you become a millennial? In this book, you will get answers to all these questions and apart from this, you will get a lot of learning
The Parable of Pipeline is the story of two people who dream of becoming rich. And both of these will also give you valuable lenses about life. There are two effective ways to become rich for long term, which you will learn from this book. In this, you will learn some amazing concepts that can multiply your money.
In this book, you will read about the simple techniques of starting a business. This book is a gold. If you apply the lessons of this book, then you can become rich and successful. Do you dream of becoming a smart investor and entrepreneur? If yes then this book is for you only.
Parable of the Pipeline
There were two best friends who lived in a small town. Both were named Pablo and Bruno. Both best friends had the same dream "to be the richest man in that town". Finally, Pablo and Bruno got a chance to become rich. There was no water source in the town. There was a big tank in the town square in which water was brought from the nearby river and the people of the town used this water.
Two men were needed to fill the water tank, which could fill the tank with water from the bucket. And these two men were Pablo and Bruno. The town leader used to give them a penny for every bucket. Bruno was very happy with this work. He felt that his dream has been fulfilled and he will soon become the richest of this city. But Pablo did not agree with this.
Every day, the two took two buckets and made several rounds between the river and the city. Pablo's entire body started to ache, he had blisters in his arms. He used to get tired at night. Pablo always thought "There must be a better way to fill this water tank" One day Pablo told Bruno his idea "Listen Bruno! I got an amazing idea. Instead of filling the bucket with water every day for a penny, why don't we build a pipeline from the river to the town "
Bruno was surprised to hear Pablo's plan "Can we make the pipeline?" I have not heard such a thing to date! " Bruno explained to Pablo "We have a great job. We fill 100 buckets of water every day and earn 100 pennies. So what do we need to build a pipeline "? I have the money to buy new shoes, after this, I am going to get a new hat too. We get off on weekends. Pablo! Our life is set. Forget the idea of plumbing. "
But the idea of the pipeline was not given to Pablo's mind. He was sure that his idea would definitely work. He decided that he would take a few hours off work and build a pipeline. For the rest of the time, he will continue to fill water from the bucket. Pablo knew that this work is difficult. And from the top, he was also alone. The road leading from the river to the town was quite hard and rocky and it had just simple tools like pickaxe and shovel.
If he starts to build the pipeline, then he will be able to fill fewer buckets, which will also reduce his income. And the biggest thing was how many years it would take to build this pipeline, Pablo himself did not even know. But Pablo believed in his dream, and that was his greatest strength. Then slowly people started calling him "Pablo the Pipeline Man". People saw him digging the ground in the heat every day. Some people even laughed at him, making fun of him, but Pablo would continue to do his work. And on the other side, Bruno was living a fun life. People called him "Mr. Bruno".
He used to make more money than Pablo. He now also had a new hat. His clothes were also better than before and used to eat good food. He also bought a donkey. He used to go to Tavern everyday in the evening. Bruno used to drink beer and tell fun stories to everyone. Here Bruno was partying and there Pablo was working day and night. He kept digging under the ground in the dark. Even on weekends, his work used to go on. Pablo would have given himself courage when he was extremely tired. "One step at a time ... One step at a time ... Eyes on the prize,,, Eyes on the prize ..."
Many months had passed. Pablo had built half the pipeline. Now he did not need to go to the river. Now he could fill the bucket of water from the unfinished pipeline and reach the tank. Everyday Pablo's intentions became even stronger. Meanwhile, Bruno was feeling unwell. While filling the buckets of water, his waist was bent. He had understood that now he will have to do the same lifetime. Bruno's life had become miserable. People now called him "Bruno the Bucket Men".
Now neither did he have the money to drink beer to others nor did he have any happiness in his life. He used to sit quietly in a corner and drink beer one after the other. And finally came the day of Pablo's life from which he had been waiting since. His pipeline was ready. People gathered around the tank and were surprised to see that water from Pablo's pipeline was filling the tank. Everyone was dancing happily. Pablo did not need to fill the bucket anymore. His pipeline filled the tank with water.
And he was still getting money from every bucket. That is, now Pablo was making money all the time. While eating, while sleeping and even while playing. Water was coming from the pipeline. Think how much money Pablo must be making? People started calling Pablo "Pablo the Miracle Maker". He told her that she should contest the election for the post of Mayor. But Pablo had some other plans. His sketches story was just beginning.
He had yet to build many pipelines in the world. But despite all this, he did not forget his best friend. Pablo had asked Bruno for help, but when he refused, Pablo was the only one willing to build the pipeline. It took two whole years to finish the pipeline. If they worked together, they could work quickly and also teach the remaining people to make pipelines. Pablo and Bruno together could take their multi-million dollar business far ahead.
We Live in a Bucket-Carrying World
So hat would you like to be Like Borno the Bucket Carrier or Pablo the Pipeline Builder? Many of us work for "Time for Money Trap". That means one day's payment instead of one day's hard work. And one month's work means one month's payment. But the problem is that if you fall ill or have an emergency at home, you will not be able to go to work and you will not get the money for that day. You might think that your job income is a secure and stable source, but it is not so.
Now take Loren for the exam. He is a dentist. People like to go to Lauren because she removes teeth in a very painless manner and is very friendly with her patients. She earns about $ 100,000 a year and enjoys her work. However, at the age of 40, Lauren started having problems with arthritis. The problem had increased so much that Lauren could not even move her fingers. It made it difficult to hold on to dental tools. After losing, he had to close his clinic. And she became a lecture in a local university.
His income was reduced by 70%. Lauren's dream job is gone. So you see what is the problem with bucket carrying? Whatever your job, an office clerk, or a lawyer. If there is no work then there is no payment also. You do not have any financial security. If you missed your job today, how would you pay the mortgage? Where will you spend your child's education?
Remember it. No one can stop things like diseases, emergencies, pandemics and economic crises. This is part of life, bad things keep happening. That is why we have to be ready beforehand. Building a pipeline is not easy, it requires a lot of hard work, time, and patience. But once this pipeline is built, it will work for you 24 hours, seven days, and 365 days of the year. It will earn money for you and you can sleep peacefully or have fun in the middle.
By bucket carrying we mean job or profession. Pipeline building means becoming a smart investor and entrepreneur. Achieving financial security means that you will no longer have the tension of your child's future or your retirement. All your expenses will continue to be fulfilled and you can also spend it with satisfaction.
Your Pipeline is Your Lifeline
You will have to build a pipeline which can put the money of your investments directly in your pockets. This will be the source of your financial security. Even if your big fat salary is there, your expenses will be equally big. When a person earns more, then he also spends more because his lifestyle is also upgraded accordingly. To understand this, we tell you the story of two different people. One is a bucket carrier and the other is a pipeline builder. All the money for the first one has been spent while the second one is enjoying financial security.
Daryl Strawberry was a superstar baseball player. He started playing baseball from his teenage age. His career went well for 20 years. Daryl earned $ 5 million from a baseball game every year. Apart from this, he also used to get an extra income of about $ 2 million due to endorsement and special appearances. Now maybe you will say that Daryl's life is completely set. He has a lot of money, so he will be financially secure. but it's not like that. Daryl bought a very expensive bungalow and also bought a luxury car. Then slowly he became intoxicated. He started taking alcohol and drugs.
Fed up, his wife had filed the divorce. Daryl had to spend a lot of money on his Law Offices, Divorce Settlement, and Rehabilitation Treatment. But the biggest problem was when the sports authorities took the decision to suspend Daryl because of his bad behavior. Daryl can no longer play again. All his money was also gone. Even he did not have the money to raise his second wife and children. Daryl who was a superstar player died in a state of extreme poverty.
This story is a lesson in how important savings and investments are. It is not necessary that your salary is too much to build your pipeline. Start saving a small part of how much you earn from today and invest this money in any long term assets. Margaret O'Donnell is a small-town public school teacher. Her annual salary is $ 10,000. It has been almost 50 years since he did this job. Margaret retired at 70 and died at the age of 100.
In her last will, she has written that she wants to donate to her $ 2 million in 10 different charities, yes you heard that right. Margaret had two million dollars. But how? Where did he get so much money from? Its secret is investing. Margaret used to save 10% of her annual salary. She used to invest this money in index funds and in medium and long term bonds.
He applied the power of compounding. That is, his money kept growing with time. Compounding works with this method. Margaret used to add $ 1,000 to her pipeline every year. His interest rate is 10%. Was He had $ 1,000 x 10% interest in the first year. He has $ 2,000 x 10% in the second year. Was And in the third year he had $ 3,000 x 10%, similarly, his money kept growing every year. Margaret used to live with self-discipline only when she kept saving money every year. He let his investment compound for 50 years.
You would probably say that Margaret was an old and stingy woman who was living alone with her cats. but it's not like that. Margaret had her own BMW. She roamed the world with her friends. Margaret lived quite comfortably. But there was enough self-discipline in him, due to which there was financial security in his life.
