The Parable of the Pipeline ~ Burke Hedges (22 of 24)

 In the parable of the pipeline, Burke Hedges explains the limitations of active income, like a bucket,  emphasising that the job security is an illusion and encourage us to create and embrace passive income. According to him virtually anyone can leverage their time, relationships and money to become a millionaire.  The pipelines of residual income provide the only true security.

Internet will help us achieve it even faster. More the pipelines the better. 

When you divide 72 with the rate of annual interest, the result will give you the no. of years in which your investment will be doubles. Compounding is the 8th wonder of the world. Leverage your time, money and relationship into long term and short term pipelines.  Pay yourself first. 

Your pipelines are your lifelines. Dream big enough,  don't bother about facts. Short term investments will equal long term reward. Keep your eyes on your prize.

We hear a lot about job security these days. But the simple fact is, if you have a job, you have no real security anymore! Today, job security is out. Lean and mean is in. Which means the next job to be downsized could be yours! So how do you create true security for yourself and your family in a hired-today-and-fired-tomorrow workplace? The answer: Create your own security by building pipelines of residual income. In the parable of the pipeline, Burke Hedges explains how virtually anyone can leverage their time, relationships and money to become a millionaire. The parable of the pipeline: why job security is an illusion. And why pipelines of residual income provide the only true security. Why pipelines are the secret behind every million-dollar fortune. Why one pipeline is worth a thousand paychecks. How to build a million-dollar pipeline on less than 4 dollar a day! How average people without a lot of money can leverage their time and relationships to create the ultimate pipeline. How to start living your dreams today by building a 5-year lifestyle pipeline, while planning for the future by building a 50-year retirement pipeline.