The Parable of the Pipeline By Burke Hedges.
(The parable of the pipeline book summary)
biggest secret to getting rich.
If you also think that you can create wealth only then. When your salary is high. So you are absolutely wrong. Most of the people are living under the illusion that in order to create wealth, it is necessary to have more salary. If you look closely, you will find that as your salary increases. In the same way, your expenses will also increase. Rather, people with high salaries, often become victims of debt. (the parable of the pipeline book summary)
The day he lost his job. They do not have any source of income on that day. If you are also one of those people. After getting a good salary, nothing is left in the pocket. Then this Book Summary is for you only. This book teaches us to build such a pipeline. Which always gives us Residual Income. Residual income means that we work once. Then we always make money from that. (the parable of the pipeline book summary)
This is the reason why the pipeline keeps on pumping money continuously. Every day, every month, every year we work or not. The author says that becoming a millionaire is not a chance. Rather it is our choice. Our pipeline is our lifeline. If we have same pipeline. So that means we have, one’s lifeline. The longer the pipeline. That would be better for us. Pipeline gives us personal and financial freedom and lifetime security. So you can also understand how to build a pipeline. (the parable of the pipeline book summary)
This book – ‘The Parable of the Pipeline’ which is written by Burke Hedges. This summary is a summary of some important things learned from this book. Which will tell you why even after getting more salary. Today most of the people are in this condition. the day they don’t work. They will not have any income on that day. To know its solution, read this book summary completely. (the parable of the pipeline book summary)
The Story of Pablo and Bruno.
Two young men lived in a small village in Italy. Whose names were Pablo and Bruno. Both of them had big dreams. Both of them always used to do these things. That one day he will become the richest man in the village. Both of them were just looking for some opportunity. One day the residents of the village brought water from a nearby river. To fill the tank, thought of hiring two people. He gave this task to Pablo and Bruno. (the parable of the pipeline book summary)
They both picked up their buckets and walked towards the river. He filled that cistern throughout the day, bringing water from a bucket. On this, the villager gave him a penny for every bucket. Brono’s happiness knew no bounds at this. He shouted I can’t believe my luck. But Pablo was not particularly happy. As he was carrying buckets of water, his whole body was aching.
He started thinking. To bring water from the river to the village, he would think of some other way. The next day Pablo told Brono. We just for a little money, instead of carrying buckets all day long. Why not make a pipeline from the river to the village. So Brono said, we have a great job. I can earn a lot of money by bringing water from bucket all day.
On weekends we get a break. 2 weeks of paid leave is also available every year. Pablo, what do you think about the pipeline, get it out of your mind. Pablo explained to Brono that he would spend half a day carrying the bucket. For the remaining half a day, the work of building a pipeline will be done. But Brono did not agree. Pablo had complete faith in his dream.
So he got on with his work. All the villagers and Bruno used to make fun of Pablo. He used to tease it by calling it the Pablo pipeline. Bruno worked more than Pablo. So he also got more money. He used to buy new clothes. (the parable of the pipeline book summary)
Along with this, he used to eat delicious food. He also used to make people drink liquor on his behalf. With this people used to build bridges of praise for him. When Bruno lay down comfortably. So at that time Pablo kept digging his pipeline.
Sacrifice Today For the Better Tomorrow.
For a few months, Pablo didn’t see the fruits of his hard work. He was working in the evenings and even on weekends. But he always kept reminding himself. Tomorrow’s dreams come true through today’s sacrifice. He used to dig everyday. He always kept his eyes on his goal. One day, Pablo realized this. that the pipeline is half complete. Now he had to travel only half the way for the bucket. (the parable of the pipeline book summary)
Even in his spare time, he started digging the pipeline. Pablo also saw his friend Brono carrying buckets. Brono’s body was now painfully bent as he carried more buckets. Brono was now angry and sad. He used to spend most of his time, now eating alcohol. People were now calling him a Brono bucket man. Now people started making fun of him. Finally, that day has come. When Pablo’s pipeline was completed. Through the pipeline in the village, water entered the village’s tank.
Due to the availability of permanent water, the village began to develop. There was prosperity in the village. Now having a pipeline, Pablo didn’t need to carry buckets. Water was always flowing. whether it works or not. It was still flowing. when he used to eat. It still flowed. when he used to play. It still flowed. when he was sleeping.
The amount of water that used to flow in the village. The more money was in Pablo’s pocket. Pablo now became famous as the miraculous Pablo. Everywhere, he was praised. But Pablo’s dream was not just to complete a pipeline. He had big plans. His plan was to build a pipeline all over the world. Because of the pipeline, Bruno’s bucket hauling stopped. (the parable of the pipeline book summary)
When Pablo saw Bruno having a drink. So he was very sad. One day he met Bruno. Told him that I need your help. Bruno said angrily to Pablo. Don’t make fun of me Pablo explained to Bruno.
I have not come to make fun of you, but to give a great business opportunity. In 2 years, I have learned a lot about pipeline. I want you to teach me this too. Then you teach someone else. This pipeline should reach every household, all over the world.
Pablo continued to say. Just imagine, the more water will flow through these pipelines. The more money will reach our pocket as well. After all, Bruno saw a big opportunity in this pipeline business. He extended a hand of friendship to Pablo. Years later, both Pablo and Bruno are now retired. But his pipeline business, still in his bank account, brings in millions of dollars every year. (the parable of the pipeline book summary)
Who are You – A Bucket Carrier or A Pipeline Builder.
Many times when he was traveling. So he used to tell his story to the youth carrying buckets. They also wanted to help build the pipeline. But some were happy to listen to him. While most rejected his idea of a pipeline outright. They always had some excuse or the other for not building a pipeline. But in the end, he accepted both. That he lives in a bucket-carrying society. That’s why very few people can dare to dream of building a pipeline.
Now ask yourself this question too. that who are you? Bucket carriers or pipeline builders. Do you only get money then? When you act like Brono himself. Or like Pablo, act once. Then you get paid for that work, over and over again. If you are like most people. So you are also doing the same job of carrying the bucket. You are only working on making money instead of time. (the parable of the pipeline book summary)
Think of it like this. If you work for an hour. So you will get money for only one hour. Instead of one month, you will get money for one month only. Instead of one year, only one year’s money will be given. In this trap, most of the people are trapped.
But in this bucket-carrying job, this is the biggest problem. The day you stop working You will also stop getting money in your pocket. Means if the bucket stops, then the money stops coming. (the parable of the pipeline book summary)
The Power of the Pipeline.
There is no such thing as a safe job carrying a bucket. Can you see how insecure people carrying buckets are. Instead of time, in the trap of money. This is the biggest problem. When you don’t sell time, you won’t even get money. When you could not give time So what will happen to you? Just imagine, what if you get laid off in your job. What if you get sick? Be handicapped. Then you could not carry the bucket.
What if, due to some emergency illness, all your deposits are wiped out. If your income stops coming. So for how long, you will be able to pay the installment of your house or car. So where is the security in this work? Whereas the pipeline still pays. when play. Pipeline is a means of continuous income. Whether you give time or not. This is the only way to true security. That’s when you’re carrying the bucket. So at the same time make a pipeline. We see that 99% of people carry buckets. (the parable of the pipeline book summary)
They believe that if there is something to be achieved in life. So that can be found only by carrying the bucket. The bucket-carrying model suggests go to school. Learn to carry buckets. work hard Learn to carry more buckets. Move from Bucket A Company to Bucket B Company. So that you can carry more buckets.
How much do people earn by carrying buckets? Maybe as much as he earns. Even their basic needs are not being met by it. When the bucket bearers feel that they need more money.
Then they get this solution. Carry more buckets. For this, he also takes up another job of carrying a bucket. Bucket bearers, it argues. More buckets means more pay. He wonders if he can carry more buckets. So they will get more salary. By which all their problems will go away. But the reality is this. Whichever the bigger the bucket is. Its cost is more. (the parable of the pipeline book summary)
Money Leverage.
An emperor of China decided to award a prize to the person who invented the chess. He decided to fulfill one wish of that person. The inventor asked the emperor to give me a grain of rice. On this the emperor said in surprise. Just a grain of rice. The inventor said, to eat before the chess, just a grain. Then for another meal, double its grains. Then in the third section, twice that. Till then it went on. until it becomes a grain of rice, doubled in all the chess’s fields. That’s just my tea wish.
The emperor thought happily. I am getting this amazing game, very cheap. The emperor said, I accept it. The kitchen servant brought a small bag of rice. The inventor said that you bring a big bag from the kitchen. Hearing this, everyone in the court started laughing at him. After this, the inventor began to place rice grains on the chess mines. (the parable of the pipeline book summary)
Everyone started laughing out loud. When the first line of 8 mines was filled. Then 1,2,4,8,16,32,64,128…. Grains. Soon the small piles of rice doubled into medium-sized bags. Which doubled to become big bags of rice. By the end of the second line, the emperor understood. that he had made a big mistake. (the parable of the pipeline book summary)
So far the number of donations given to the inventor had gone up to 32,768. While there were still 48 meals left. He stopped this process. Calling his mathematicians, asked to explain the process. After much deliberation, mathematicians came to this conclusion. That if the grain of rice in every meal kept doubling. (the parable of the pipeline book summary)
So in the last meal of the chess, there will be a total of 18 million-trillion rice grains. Which will be 10 times the rice available in the whole world. The emperor said to the inventor. If he frees her from his promise. So he will get a property in the countryside. In which there will be hundreds of acres of fertile rice fields. The inventor happily accepted it. (the parable of the pipeline book summary)
So, this is the short summary of the comfort crisis book. hope you liked it. If you find this informative then also check out some more book summaries like The 5 second rule , The magic of big thinking , Finish book by john acuff, Hooked book summary, Purple Cow Book Summary, Rework (businesses important lessons) etc in my blog section.
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