Hello friends, in today’s article we see the best book on passive income, this is my favorite book, The Parable of the pipeline, written by Burke Hedges. Friends, this book definitely changes your thinking about earning money. so let’s start with the summary.
Book summary of The Compound Effect
The Parable of the Pipeline:- Book summary:-
In starting this book’s main idea, the author gives us the story, that helps us to know how the world is thinking about earning money. so let’s start
In Italia village, there were two friends, Pablo and Bruno, who both see a big dream and both want to become the richest people in the village.
Pablo and Bruno, are both hardworking and smart and they need just opportunity. and in one day, they got the opportunity village need two people, who can bring water from the river to the village and this work was given to Pablo and Bruno. (the parable of the pipeline)
and villagers decide to pay 1 penny for 1 bucket full of water.
Bruno thinks, my dream come true, but Pablo is a little bit confused.
so by bringing a bucket, Pablo hand’s gets hurt badly, so he thinks about solving the problem, he gets an idea, and he shore with Bruno.
Idea is, ” Carrying this bucket instead this if we create a pipeline from river to the village so water problem solve and we don’t need to carry this heavy bucket.”
But Bruno is not interested in this Idea because, he gets instant money from his work, and he does more work to get more money.
But Pablo, start his plan, and slowly worked on this idea, he carry a bucket for half day and after half-day, he works on his pipeline idea,
He knows it’ll be very difficult and by doing this, this affects his income, he knows, that building a pipeline, takes 12 years and he has a strong belief in his idea and he keeps working on the pipeline.
so other villages start laughing at him, so within a few months, nothing happened so villages called him, Pablo the pipeline man. (the parable of the pipeline)
On another side, those bring the bucket to the village, his income is double and he bought big house his lifestyle change, and he bought new things. that’s why people called him Mr. Bruno.
when Bruno goes on vacation at that time also Pablo works on his pipeline idea by digging holes in the land.
so Pablo’s work is difficult, so he reminded himself by sacrificing today can complete tomorrow’s Dream.
Pablo knows short-term pain is a long-term gain, so he daily works on his pipeline.
After a few months, Pablo completed half of his pipeline work, so because of this he only have to walk halfway only. so because of this, he saves lots of hard work.
Those saved time and he use this time to develop the pipeline.
After a few months Bruno realize, to bring a bucket regularly, he gets tired and his body got weaker. so he can’t bring that much water, compared to before he started.
so because of this, they get depressed and uncomfortable and people called him, Bruno the Bucket Man.
so in Pablo’s side, working for a few months, and carrying his work he completes his pipeline within a few years.
so he started giving 24X7 fresh water instead of bringing full of bucket water from the river. so because of this Pablo is starting to make more money than the previous one.
Because of the pipeline, he gets paid, while he sleeping, partying, and going on vacation, he also getting pay.
so Because of this pipeline Bruno, the Bucket Man goes unemployed because Pablo provides the cheap full of water bucket compared to Bruno. (the parable of the pipeline)
so villagers get that much water at any time from the Pablo pipeline.
Now stop reading and think, you are also a Bucket carrier? or Pipeline builder.
Can You go daily to work for money like Bruno the bucket man does?
Instead of this, do you like to work a few years, like Pablo, because of this, you get paid while you sleep.
Bucket carrying world Teaches us, that to make lots of money, we have to work hard and bring more buckets.
Our time has to trade for money so this is not true.
the author says, ” if you want to look rich, spend your all income if you want to get wealthy by achieving financial freedom, so start Saving so Wealth is that money you can’t spend.
by seeing any person you can’t say he wealthy or not?
Because wealth is hidden
Health and wealth are two things, you don’t have an interest in or not, and this affects your life. by talking about health, modern science develops lots of cures for many diseases. we get cure at a scientific level and we know the hours our body system work.
What is right for the human body, what’s wrong so, for health problems, we have doctors
But
for wealth problems, we don’t know whose advice is good or better. Even people don’t know, how much work now also people get saved from investing.
so they don’t have financial literacy, and because of this reason, people get into debt. Now time North America, companies in other countries, work more, even more, with the Japanese people.
and they have consumer debt of all-time high. they’re for more money, people do the extra job.
so why becoming a bucket man is a difficult lifestyle and most people follow their advice and live the Bucketman Lifestyle. (the parable of the pipeline)
so this question answer is in our upbringing because, society, and the teacher education system teach us, how to become the Bruno the Bucketman and how to get a secure job.
so no one you teach to become Pablo the Pipeline man. some people say those people have a high-paying job, they may be happy.
but the author says, Secure and Dream job is equal to an illusion.
whatever your salary is if you trade your time, you are still in the bucket-carrying world.
Darryl Strawberry is a successful baseball player, so by playing baseball, he was earning 5 million a year.
with his personal branding. He earn $100 million dollars before at 40th birthday.
so you can say, earning that much money he doesn’t get in financial trouble.
but actually, this is not.
By suspending from the baseball team, strawberry doesn’t have any income source, and after a few years, he doesn’t have money to support his family.
so the question is what he does with $100 million dollars. so he spends money on luxury homes, sports cars and luxurious life, and drugs and alcohol.
In another example, in a small village, there was a teacher. her name is Margarate.
so she taught for 50 years in the same school and she had a few hundred dollar salary.
age of 100, she gets passed then after his death people know her net worth is about $2 million.
Now you can think, how and this possible having a very low salary, get a millionaire.
the idea is very simple
Margaret carried a small bucket, and he consistently start investing his small amount in the stock market. because of this activity, he built his long-term pipeline.
another side strawberry comes with millions of dollars in a big bucket. but he doesn’t think about building his own Pipeline.
by doing research on different things like lifestyle, income, health, and education.
Psychologists know, those people are very happy, those controlling their own life.
People say, Money doesn’t buy happiness but your happiness depends on the freedom that gets from money.
Before 1440, books were written by hand.
so for 1-hour result, they have to work 1 hour and to publish one book takes lots of work.
Johannes Gutenberg developed the first printing press. 10 hours of work he did in 1 hour with the help of machine leveraging. (the parable of the pipeline)
Like this, companies CEO, take leverage of their employee’s time by giving them salaries.
suppose you want to start a restaurant for this you have to pay for dishwashing, waiter and chef work, so you can’t work of these people, you only do one test at a time.
when you hire employees, then you get leverage over their time, because of this your different work is completed at the same time.
Nowadays we have Leveraging the Best tool is the Internet,
Nowadays to build a pipeline you don’t have to bring full of bucket water from the river.
By seating at home, whenever you want to work, with the internet you can build your pipeline. by creating content, you can reach crore people.
You can build your own E-commerce store without involving yourself, they open 24/7, so people come to your website and buy the product.
so this author called E-Pipeline
this is the 21st century’s best pipeline, you sleep or go to vocation this pipeline makes your money.
this is all about the best book that may change your life, a book summary of the parable of the pipeline.
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