The Parable Of The Pipeline
By Burke Hedges
Once the pipeline was complete, Pablo didn’t have to carry buckets anymore. The water flowed whether he worked or not. It flowed while he ate. It flowed while he slept. It flowed on weekends while he played. The more the water flowed into the village, the more money flowed into Pablo’s pockets!
Pablo the Pipeline Man became known as Pablo the Miracle Maker. But Pablo understood what he did wasn’t a miracle. It was merely the first stage of a big, big dream. You see, Pablo had bigger plans. Pablo planned on building pipelines all over the world!.
Recruiting His Friend To Help:
The pipeline drove “Bruno The Bucket Man” out of business, and it pained Pablo to see his old friend begging for drinks at the tavern. So, Pablo arranged a meeting with his old friend. “Bruno, I’ve come here to ask you for your help.” Bruno straightened his stooped shoulders, and his dark eyes narrowed to a squint. “Don’t mock me,” Bruno hissed. “I haven’t come here to gloat,” said Pablo. “I’ve come here to offer you a great business opportunity. It took me more than two years before my first pipeline was complete. But I’ve learned a lot during those two years. I know what tools to use now, and where to dig. I know where to lay the pipe. I kept notes as I went along so now I have a system that will allow me to build another pipeline in less time……….. then another……….. then another.
I could build a pipeline a year by myself, but what I plan on doing is teach you how to build a pipeline, then have you teach others and have them teach others. “Just think, we could make a small percentage of every gallon of water that goes through those pipelines.” Bruno finally saw the big picture. They shook hands and hugged like old friends.
Pipeline Dreams In A Bucket-Carrying World:
Years passed. Their world pipelines were pumping millions of dollars into their bank accounts. Sometimes on their trips through the countryside, Pablo and Bruno would pass villagers from other villages carrying buckets. The friends would pull over and tell them their story and offer to help them build a pipeline. But sadly, most bucket carriers would hastily dismiss the notion. “I don’t have the time.” “My friend told me he knew a friend who’s uncle’s best friend tried to build a pipeline and failed.” “Only the ones who get in early make money on a pipeline.” “I’ve carried buckets my whole life, I’ll stick to what I know.” “I know people who lost money in a pipeline scam.”
It made Pablo and Bruno sad that so many people lacked vision.
Both men resigned themselves to the fact they lived in a world with a bucket-carrying mentality…………. and only a very small percentage of people dared to dream pipeline dreams.
End Of Story
WE LIVE IN A BUCKET-CARRYING WORLD
Who are you? A bucket-carrier? Or a pipeline builder? Do you get paid only when you show up for work like Bruno the Bucket Carrier? Or do you do the work once and get paid over and over again like Pablo the Pipeline Builder?
If you’re like most people, you’re working the bucket-carrying plan. It’s the time for-money-trap.
One hour’s work equals one hour’s pay.
One month’s work equals one month’s pay.
One year’s work equals one year’s pay.
The problem with bucket carrying is that the money stops when the bucket carrying stops. Which means the concept of a “secure job” or “dream job” is an illusion. The inherent danger of carrying buckets is that the income is temporary instead of ongoing. If Bruno woke up one morning with a stiff back and couldn’t get out of bed, how much money would he earn that day? ZERO!
No Work-No Money!
The same goes for any bucket-carrying job. Once bucket-carriers stop carry buckets for any reason, they won’t continue to get a paycheck.
No buckets = No Pay
Real-Life True Story:
My previous dentist was the best dentist I ever had. A complete professional. Great personality. Great technician. Every visit was virtually pain-free. She loved what she did and set her own hours. She was only open three days a week so she could spend four-day weekends with her family. She pulled down more than $100,000 a year working three days a week at a job she loved. This was a bucket-carriers dream job if there ever was one! One problem. Before the age of 40 she developed arthritis in her hands and couldn’t work anymore. Today she teaches at a university earning one-third the income she earned as a dentist. There’s no such thing as a secure bucket-carrying job no matter how great it seems. The problem with the time-for-money trap is that if you can no longer trade-the time, you no longer get the money!
Pablo the Pipeline Man recognized the limitations of bucket carrying early on – and he set out to create a system whereby he could continue to get paid whether he put in more time or not.
Pablo understood that there’s no security in bucket carrying. He understood that a pipeline is your lifeline.
What would happen to you if you could not put in the time?
What about you – what would you do if your income stopped tomorrow?
What would happen if you got laid off?
What would happen if you got sick or disabled and could not carry those buckets anymore/
What if a medical emergency ate up your savings?
What if your nest egg evaporated overnight?
If your income stopped tomorrow, how long could you pay the mortgage? Make your payments? Pay for your kid’s schooling? Six months? Three months? Three weeks?
If disaster strikes, do you have a lifeline that would protect you and your family? Or are you gambling that bucket carrying will continue uninterrupted for as long as you need the income? Whether you push a broom … push paper…or push a profession.. you are still trading one unit of time for one unit of money.
Where is the security in that?
Pipelines Pay While You Play
As Pablo said, “There must be a better way!”
Fortunately, there is. It is called a pipeline – ongoing residual income – income that keeps coming in whether you put in the time or not. The only way to build true security is to do what Pablo did – build a pipeline while you are still carrying buckets!
Pipelines are lifelines because they enable people to escape the Time-for -Money Trap. When you build a pipeline, you do the work once, but you get paid over and over again.
Pipelines are open 24/7/365 which means pipelines can pay you while you sleep. OR while you play. Or while you are retired. Or while you are sick and disabled and can’t work. Or during emergencies.
That’s the power of residual income.
That’s why I say your pipelines are your lifelines!
We observe 99% of the people in the world are carrying buckets, so we assume bucket carrying is the way to get what we want in life. That’s why Bruno had such a tough time understanding the power of pipelines – Pablo was the first ever pipeline builder Bruno ever knew! Bruno rejected pipelines because they were different. To Bruno, they were unproven. To Bruno, pipelines were radical and risky. We grow up surrounded by bucket-carriers, so we figure that’s the way-of-the-world. It reminds me of a bumper sticker I saw recently: 100,000 lemmings can’t be wrong! People think the same way about bucket-carriers. 100 million bucket-carriers can’t be wrong. Well yes they can!.
Let’s face it. there are a lot more bucket-carriers in this world than pipeline builders. Why? Because bucket-carrying is the model that our parents followed and the one that they taught us to follow. The bucket-carrying model tells you here’s what you do to get ahead.
Go to school and learn how to carry buckets. Work really hard. Earn the right to carry bigger buckets. (get promoted) Resign from “Bucket Company A” to work for “Bucket Company B” which lets you carry even bigger buckets. Work longer hours so you can carry more buckets. Put the kids through bucket-carrying college. Try to get promoted from carrying metal buckets……. to carrying plastic buckets………… to carrying digital buckets. Dream of the day you can retire from bucket carrying after 30-40 years. Until then, keep carrying those buckets………………….. or, the bucket-carriers dream comes true. You hit the big lottery! (the odds are 1 in about 14-15 million against them, but hey most all bucket carriers think it could happen to them, so……….. until then, keep carrying those buckets) What do all those bucket-carriers earn for their efforts? Surprisingly little. According to Parade magazine’s “What People Earn” survey, the average worker in America earns $28,500 a year. Subtract almost 20% for taxes, and that leaves $22,500 take-homepay. Let’s face it, that’s not enough for most people to live on.
What do bucket-carriers do when they need more money? Because they have a bucket-carrying mentality, they come up with a bucket carrying solution………… if you need more money you’ve got to carry more buckets!
“i’ll get a second job carrying buckets in the evenings and on weekends,” Daddy Bucket Carrier decides. “I can go back to the bucket-carrying job I had before the kids were born,” Mommy Bucket Carrier says. “The kids can get bucket-carrying jobs after school and in the summer,” they both say. The Results?
Today North Americans work the longest hours in the world. Yes, even more than the work-obsessed Japanese. Is the earn-more-money-by-carrying-more-buckets plan working? No. Here are the facts.
Consumer debt is at a record high. The average household has 95 cents worth of debt for every dollar earned. The proportion of women working to support their families more than doubled over the past 20 years. More people are taking second and third mortgages on their single biggest asset………… their homes…………. to pay the bills. Hello! What’s wrong with this picture?
Now, if you were a cook… or a retail sales person, you might look at the annual income of a lawyer or physician and think,” Wow, if I made that kind of money every year, I will be financially free! No more lying awake at night worrying about paying the bills!”
It’s the fallacy of carrying bigger buckets. Bucket carriers tell themselves everything would be okay if they could just carry bigger buckets. Bucket carriers are forever wondering how much money other bucket carriers earn. True, the doctors bucket is a lot bigger than the cook’s bucket…………. about ten times bigger! But that doesn’t mean the doctor is financially independent. He’s just as dependent on his bucket carrying job as the cook. Why? They spend more! Truth is, the doctors and lawyers making six-figures are spending most of their income to support their lifestyles.
a. The average worker drive a $5,000 used car. The doctor drives a $45,000 Lexus.
b. The average worker sends his kids to free public school. The doctor sends his kids to private school………… and on and on and on.
c. The average worker owns a $75,000 home. The doctor or lawyer owns a $350,000 home.
d. The average work eats at Pizza Hut once a week. The doctor or lawyer eats out twice a week at ritzy restaurants.
The doctor spends just as much of a percentage of his income than all other bucket carriers. All are living paycheck-to paycheck. If you don’t believe check the bankruptcy records. You’ll see every kind of bucket carrier listed in there!
All Buckets Eventually Dry Up
Thomas J. Stanley and William D. Danko, author of “The Millionaire Next Door” observed that carrying big buckets is not the same as creating wealth. The authors came to this realization that people who lived in upscale neighborhoods, assuming that people who drove expensive cars and lived in expensive homes were wealthy.
That is a wrong assumption. Their conclusion about wealth creation:
“Wealth is not hte same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.
How do you become wealthy? it is seldom luck or inheritance or advanced degrees or even intelligence that enables people to amass fortunes. Wealth is more the result of a lifestyle of hard work, perseverance, planning, and most of all, self discipline.”
All buckets dry up no matter how big they are. Pipelines, on the other hand, are self-sustaining. But pipelines require sacrifice. Pipelines don’t build themselves. You have to be willing to put in the time and effort to build them.
A Bigger Bucket Won’t Solve The Problem.
Why? Carry as big a bucket as you can but build a pipeline on the side, because as long as you carry buckets, you have to show-up to get paid, and no matter how big the bucket is… it will dry-up.
Everyone would love to increase the size of their bucket. No one’s goign to turn down an annual raise or a better job with more pay. IF bucket carrying is your only source of income, then I say carry the biggest bucket you can. That’s only common sense.
But the fact remains that carrying buckets is never going to make you financially free. Carrying buckets will never make your family safe and secure – no matter how big your buckets!
Because as long as you carry buckets, you have to show up and do the work in order to get paid. The day you stop carrying buckets, that’s the day the money stops coming in!
- illness or injury
Many a person has gone from the “Millionaire Next Door” to the “Bankrupt Person Next Door” because he neglected to build pipelines while he was carrying buckets. When his bucket dried up, so did his lifestyles.
Pipelines are your lifelines.
Time Levels The Playing Field
It doesn’t matter how much money your earn ………… or how little money you earn……….. we all have the same amount of time in each day. 24 hours. It doesn’t matter if you’re a doctor, lawyer, or cook. It only takes time to build a pipeline. Yes you’ll need tools……………. but those will cost relatively very little. So everyone has an equal opportunity when it comes to building a pipeline! Timing Some people put off building their pipelines because “right now isn’t a good time for me.” Guess what? Right now is a bad time for anybody! We’re all stressed. We’re all busy. We’re all putting out fires and dealing with unexpected emergencies. There’s a word for these bad times. It’s called life! 7 Some people waste their lives waiting for the “perfect time” to do x, y, or z. Well, they’ll die waiting because there’s no such thing as a perfect time. If someone told you they’d give you $1 million dollars if you’d sit in a corner and knit for two hours every day for one year, you’d find the time right? It wouldn’t matter if your son broke his arm………….your car wouldn’t start…….. the cat got sick. Rather than forfeit $1 million dollars, you’d find the time no matter what.
Waste Not Want Not
People often ask me why they should take the time and effort to build pipelines when things aren’t going so bad for them right now. They say they deserve to relax in the recliner and watch TV after a hard days work. Got a few bucks in the bank…. kids are doing good in school……….. no need to “rock the boat”. There’s no better time to build your pipeline than when things are going good!
A Final Thought
A man was on the 30th floor of a fancy hotel overlooking Central Park in Manhattan. He pulled back the shades……….. and threw open the window to enjoy the view. As he leaned out the window, he was startled to see a man falling past his window. “How you doing?” he asked the falling man. “Fine so far,” came the reply. The point is, there are lots of bucket carriers in the world that think they are “doing just fine”. But they can’t stay in the free-fall forever. Sooner or later they’ll meet the ground. For bucket carriers it’s………………. don’t or can’t show up for work…………… no more paycheck!