THE PARABLE OF THE PIPELINE - Summary in English

  THE PARABLE OF THE PIPELINE: How Anyone Can Build A Pipeline Of Ongoing Residual Income In The New Economy By Burke Hedges

Introduction

Do you also think that success means a stable and secure Job? Where 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 Millionaire?  In this book, you will get answer to all these question and apart from this, you will get a lot learning. 

Parable of pipeline is the story of two people who dream of becoming rich. And of these will also give you valuable lesson 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 concept that can multiple 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.                

The Parable of the Pipeline 

Two ambitious young friend named Pablo and Bruno lived side by side in a small Italian village. The young men were best buddies. And big dreamers. They would talk endlessly about how some day, some way, they would become the richest men in the village. They were both bright and hard working. All they needed was an opportunity. 

One day that opportunity arrived. The village decided to hire two men to carry water from a nearby river to a cistern in the town square. The job went to Pablo and Bruno. Each man grabbed two buckets and headed to the river. By the end of the day, they had filled the town cistern to the brim. The village elder paid them one penny for each bucket of water. “This is our dream come true!” shouted Bruno. “I can’t believe our good fortune.” But Pablo wasn’t so sure.

His back ached and his hands were blistered from carrying the heavy buckets. He dreaded getting up and going to work the next morning. He vowed to think of a better way of getting the water from the river to the village.

 
Pablo, the Pipeline Man 

“Bruno, I have a plan,” Pablo said the next morning as they grabbed their buckets and headed for the river. “Instead of lugging buckets back and forth for pennies a day, let’s build a pipeline from the river to the village.” Bruno stopped dead in his tracks. “A pipeline! Whoever heard of such a thing?

” Bruno shouted. “We’ve got a great job, Pablo. I can carry 100 buckets a day. At a penny a bucket, that’s a dollar a day! I’m rich! By the end of the week, I can buy a new pair of shoes. By the end of the month, a cow. By the end of six months, I can build a new hut. We have the best job in town. We have weekends off and two weeks’ paid vacation every year. We’re set for life! Get out of here with your pipeline.

” But Pablo was not easily discouraged. He patiently explained the pipeline plan to his best friend. Pablo would work part of the day carrying buckets and then part of the day and weekends building his pipeline. He knew it would be hard work digging a ditch in the rocky soil. Because he was paid by the bucket, he knew his income would drop at first. 

 He also knew it would take a year, possibly two, before his pipeline would start to pay big dividends. But Pablo believed in his dream, and he went to work.

 Bruno and the rest of the villagers began mocking Pablo, calling him “Pablo the Pipeline Man.” Bruno, who was earning almost twice as much money as Pablo, flaunted his new purchases. He bought a donkey outfitted with a new leather saddle, which he kept parked outside his new two-story hut. He bought flashy clothes and fancy meals at the inn. The villagers called him Mr. Bruno, and they cheered when he bought rounds at the tavern and laughed loudly at his jokes.

 Small Actions Equal Big Results

 While Bruno lay in his hammock on evenings and weekends, Pablo kept digging his pipeline. The first few months Pablo didn’t have much to show for his efforts. The work was hard – even harder than Bruno’s because Pablo was working evenings and weekends, too.

But Pablo kept reminding himself that tomorrow’s dreams are built on today’s sacrifices.  “Short-term pain equals long-term gain,” he reminded himself as he stumbled into his humble  hut exhausted from another day’s work. He measured his success by setting and meeting his daily goals, knowing that, over time, the results would far exceed his efforts.

 “Keep your eyes on the prize,” he repeated over and over as he drifted off to sleep accompanied by the sounds of laughter from the village tavern. “Keep your eyes on the prize….” 

Several month had passed Pablo had built half the pipeline. Now he did not need to go to the river. Now he could fill the bucket with water from the unfinished pipeline and reach the tank. Every day Pablo's intention become even more certain. 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 life time. Bruno's life had become miserable. People now called him" Brun the Bucket Men". Now neither did he have the money to drink beer to others nor did he have an 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 waiting since. His pipeline was ready. People gathered around the tank and were surprised to see that water from Pablo's pipeline was filing 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, sleeping and even while playing. Water was coming from the pipeline.  Think how much money Pablo must be making? People started calling Pablo the "Pablo the Miracle Maker". They told him to election fight for the post of mayor. But Pablo had some other plans. His story was just beginning. I had a lot of pipelines to build.

 But in spite of all this, he did not forget his friend . Pablo had asked Bruno for help but when he refused, Pablo was the only one wiling to build the pipeline. He was given two full year to finish the pipeline. If they worked together, they could work quickly and teach the rest of the pipelines. Pablo and Bruno together could take their multi-million dollar business far ahead. 

We Live in a Bucket-Carrying World

Do you get paid only when you show up and do the work, like Bruno the Bucket Carrier?

 Or do you do the work once and then get paid over and over again, like Pablo the Pipeline Builder? 

Many of us work for “Time-for-Money Trap.” That means one day's payment. The problem with bucket carrying is that the money stops when the bucket carrying stops. Which means the concept of a “secure job” or a “dream job” is an illusion.

Now for the example you take Lauren only. She is a dentist. People like to go Lauren because she removes teeth in a very painless manner and 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 problems had increased so much that Lauren could not even move her fingers. It made it difficult to hold on to the dental tools. After losing he had to close his clinic. And she become 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 in advance. 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 make money for you and you can sleep peacefully or You can have fun at the beach.

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 retirement. All your expenses will continue to be fulfilled and you can also spend it with satisfaction.

Your Pipelines Are Your Lifelines 

You have build pipeline that can put money of you investments directly into your pocket it will source of financial security. Why be big very big fat salary, your expense will be the source of your financial security. Why be big fat salary, your expenses will be equally big. When a person earns more, then he also spends more because his life style is also upgraded accordingly. To understand this, we will tell you the story of two different people. Let us tell you. One is a bucket carrier and the other is a pipeline builder.

 The former has spent all the money while Daryl Strabari, who is the second Financial Security Enjoy, was a superstar baseball player. He started playing baseball from his teenage age. Career was great. Daryl used to earn $ 5 million ever year from a baseball game. Besides that, would have had an extra income of about $ 2 million  from endorsements and  special appearances. He has a lot of money so that is financially. Will be secure but it's not like that. Start saving for now and invest this money  in any long-term assets. 

Margaret O'Donnell is a small town based public school teacher. Her annual salary is $70,000.Giving her the job it has been almost 50 years. 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 10 different charities, yes you heard that right. Margaret had two million dollars.

 But how? Where did she get that much money from?

 Its secret is Invested. Margaret used to save10% of her annual salary. She invested this money in index fund and in medium and long term bonds. She used to apply power of compounding. That means her money kept growing over time. Compounding works with this method. Margaret used to add $ 1,000 to her pipeline every year. Her interest rate was 10% First year. In the second year he had $ 2,000 x 10%. And in the third year he had $ 3,000 x 10%. Yes, similarly , his money kept growing 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 has her own BMW. The world used to resolve with my friends. Margaret  lived quite comfortably. But there was also a self-discipline, due to which there was financial security in his life. 

 The Rule of 72: The Rule of the Rich

The rich people in Palm Beach don’t have to work for money. They make money work for them! How? They invest large amounts of inherited money in pipelines that churn out huge profits year in and year out, whether the investors work or not. Palm Beach Pipelines are fueled by the doubling concept, which means the lucky heirs can enjoy a fabulous lifestyle… while they get richer in the process! That’s what I call having your cake and eating it, too.

To better understand how rich people get richer, let’s take a look at “The rule of 72,” a mindboggling wealth-building concept that the world’ stop investment brokers teach their rich clients. The Rule of 72 is a simple formula for calculating how many years it would take for an investment to double. Here’s the way it works.

Doubling Concept or Rule of 72 

1) Determine the annual interest rate on your investment 

2) Divide the interest rate into 72 

3) The result is the number of years it takes for your investment to double

For example, let’s say an heiress invests $100,000 in a stock that pays an annual return of 10% per year. Here’s the Rule of 72 in action:

Rule of 72 in Action

Step 1: $100,000 original investment

Step 2: 10% annual return

Step 3: 72 divided by 10 = 7.2 years

Profit: $100,000 would become $200,000 in 7.2 years

If the heiress didn’t spend the profits or her principle, the original investment of $100,000

would double to $200,000 in 7.2 years… to $400,000 in 14.4 years… to $800,000 in 21.6

years… and $1.6 million in 28.8 years… and on and on. As you can see, the longer the money is allowed to compound, the bigger the size of the pipeline.

By leveraging the power of compounding, people who inherit million-dollar fortunes can live like royalty and still leave an even bigger fortune for their children! The magic of compounding is the reason that thousands of heirs named Kennedy… DuPont… Firestone… Ford… Rockefeller… and Getty can continue to live a life of luxury without their fortunes drying up. In effect, their bucket never runs dry because the pipeline keeps pumping year after year, for decades, or in the case of the Rothschild heirs in Europe, for more than two centuries!

The 5-Year Pipeline Plan

Wise men have said "There are two ways to climb an oak tree. Either you sit on its seed and wait for the tree to grow or you can climb yourself and reach the top." While happen ". 

A 50-year pipeline plan is like sitting on a seed and grow trees. And you have to wait 50 year to become a Millionaire. But 5 Year pipeline is short term plan, in the you can become rich in less than 90% of the time. You have to invest in 50 year pipeline while in 5 years pipeline you can start your own business and become a successful entrepreneur. You will have a flourishing business where you can become a Millionaire in, less than 5 years. 

In the 5 year pipeline plan, you invest not your money but your time. Suppose there is a daily supply of $1,440  amount in your Bank account, then this money is yours only. Now it is up to you what you will do with this money. Spend or save, burn or donate to someone because you know you will get $ 1,440 again in your account the next morning. Think, if so, how much fun will it have? But we all know that this is just a famous casserole. Some people are rich and some are poor because not everyone has financial condition.

 This world goes on like this. It would hardly happen to anyone that $1,440 kept coming to his account every day. But keep in mind the important thing we are telling you. The truth is that when we wake up every morning, there are 1,440 minutes in our time account, that is, for the whole 24 hours daily. Isn't it a big amazing thing? These whole 24 hours of the day are yours only. Therefore, you will dissect how you spend this time. You can work 9-5 in the time and watch Netflix for the rest of the time. Or you work 9-5 and start building your pipeline. Now you will say "How to start your business when there is no free time from work or there is so much stress in life, etc. But it is not just about you. 

Everyone says the same. You remember what Pablo did? You can also build your pipeline by taking two hours out of your work like that. And you can give three hours on weekends. If you do total, then you will have 16 hours every week. That will be enough time. I can be perfect in any skill, whether it is cupcake baking or software designing or story writing. You can take so much time to convert your hobby into business. If you want, you can also take sales training or .

 Then you can think of such a product, so many people can work. What do you think Bill Gates would come from office to relax on the couch? No. But he never sits empty. Something productive Live. That's why he is so successful. Expert believe that never sit empty. They keep doing something productive. That's why they are so successful .

Expert believe that the top 10%  of earners in the US work an average 52 hours every week, while 10% earners work only for 45 hours. How much difference is there? Successful people are smart and work more hours. If you are using your time the best, you will probably say that your life is going well. You have a good job, money in the bank, and the expenses of the family are also going well, so I need to invest in new business. What is the need? Why should I take this risk? This is the right time to start a fact business. 

Do you know the story of Ant and Grasshopper?  Ant used to collect food everyday in summer while Grasshopper used to play. And when Winters came. The ant had a lot of food supplies and the grasshopper had nothing. So this is the right time to build the pipeline, Hence the start from today

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