Un Chorrito Vale Mas Que Mil Quincenas! Estabamos viviendo en una de las decadas economicamente mas afluente de la historia. Aun asi millaresde personas estan viviendo de quincena en quincena trabajando mas y mas horas. Solamente para mantener su estilo de vida.
Burke Hedges is an extremely well known Author, speaker, and trainer in the Network Marketing industry. He wrote “Who Stole the American Dream” which was the #1 selling book in the entire history of Amway.
For some reason, Amazon sent me this book by surprise. It's super short, so I gave it a go.
It's a worthwhile concept and something everyone should be thinking about. But the book is fairly simplistic, and about 2/3rds of the way through devolves into an awkward and outdated sales pitch to start a referral-based internet pyramid scheme.
A small and a simple book but filled with a gem of advice about being free financially to pursue your life. Our accumulated wealth or unpaid bills are not a matter of our luck but a matter of our choice. We want short term bulk of income or a lifetime of wealth.
This book makes you think, what you want to be a Pipeline Builder (wealth accumulator) or a bucket carrier (short term good earner) ? If I talk about writing, the book is very well written, easy to understand and very easy to read.
I liked the way Burke has explained the parable of pipeline building by the tales of Pablo and Bruno, and, Paul and Bruce, because it really made the not so difficult concept to understand, so easily via storytelling.
Okay, so you always wanted to live like a millionaire and to leave a legacy behind? Great! Don't stop wanting that, because you are getting it soon, but before that please show the courage to read this book well.
This book was recommended by one of my friend.I would say it's a very knowledgable book. This book tells us about the people who are working as employee/self employed and about business people. Author relates all self employed, employees as a bucket carrier job which will stop pumping moneys once u stop carrying bucket. In today's world pipeline is the only way to live. Pipeline is referred as investment in this book. Would suggest all to read this book once in life time. Would say it's a awesome Goodread.
The book gives a very simple analogy regarding financial management that is know to most of us already. Yet it revisits the very basic lesson very well. Very small and quick read. Not a bad book to give to a 8 year old, he may find something that he didn't already knew. The thing one wonders about is that if so many people already know about the principle explained; why they fail to implement it in their lives.
This book is a must read for all those who are aspiring for a secure and financially independent future. Even if you are great at your bucket carrying job, I m sure you will be inspired to adopt a short term or long term pipeline method after reading this book. So enjoy!
This books gives a great analogy on what it is to have a passive/residual income and what it involves doing. I recommend this book for anyone who wants to know more about creating a passive/residual income.
More like 2.5/5. The written style resembles that of the "The Richest Man in Babylon". Good for someone just starting out their Personal Finance journey - answers the "What" effectively but has little to offer in terms of "How". For more experienced readers in this genre - not very informative!
I read this book on a rainy day. It was lent to me by a colleague working in the business division of the multinational company I was working for.
I noted down various lessons from the book. The first one is an advice to the writer from his father, “Never take anything for granted.” The author narrates a story of how two friends worked from 9 to 5 carrying buckets from one place to another. One friend started to invest his evening and weekend hours on building a pipe. He created the pipeline and the bucket job became obsolete.
According to the writer, “Your pipelines are your lifelines.” These pipelines happen to be business streams which should be diverse (short term or long term). These pipelines are open 24/7/365. They pay when we sleep. We must ask ourselves whether we are the bucket carriers or the pipeline builders. On that note, Hedges writes, we go to school to carry buckets. We work hard and earn the right to carry even bigger buckets. We move jobs from Bucket Company A to Bucket Company B. Then we pay for our kids to learn to carry these buckets. Plastic buckets, metal buckets, digital buckets, you name it! He quotes another writer on the fact that carrying buckets is not the same as creating wealth: “How do you become wealthy? Here, too, most people have it wrong. 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.”
It is important to leverage time, money and relationships. “Time is money”! It is far more important to leverage time since we aren’t born with the same amount of money, but we have the same amount of time. It is important to work smart for long hours as well! He gives the example of Ford who built one car to fit everyone’s needs. Ford remarked for model T:
“You can have any color you want as long as it’s black.”
Alfred Sloan at General Motors knew that customer is king and he remarked:
“A car for every purpose and purse.”
Sloan’s business acumen resulted in General Motors rising above Ford.
Book name : The Parable of the Pipeline Author Name: Burke Hedges Category: Non fiction
This is one of the best short finiancial books available in the market. It really changes your prospective towards money. This book shows the proven strategies that average people can follow to create true financial freedom for themselves and their families. These strategies are simple to follow and time tested too.
The author explains these strategies with a simple story through the characters Pablo and Bruno. Pablo and Bruno are two good childhood friends. They are looking for an opportunity to earn money. Once they know that, people are struggling to fetch water from the well. They got up an amazing idea of fetching water in a bucket from the well and hence to earn money. They wake up early in the morning and work till late nights to carry more buckets. Yes! Pablo and Bruno became bucket carriers. They work really hard to earn more money. But they fall in "Time for Money" trap.
Once, Pablo understoods this, he wants to build a pipeline. He suggested this idea to Bruno, but Bruno rejected this because he doesn't want to make a change and started carrying buckets. But Pablo starts his works to build an own pipeline without Bruno. He carry buckets in morning and working for pipeline in night. Sacrifices all his weekends for building a pipeline. People criticise his idea and him too. After the course of time, Bruno become more rich and old too. He can't carry buckets anymore. With ever give uping mindset, Pablo built his pipeline. Yes! Pablo build a pipeline. This pipeline will give water to people even if he his sleeping. And hence he is earning money even in his absence too.Whereas, Bruno stucks in time for money trap and later regrets it.
From this story Author gives us Eight life lessons to build our own pipeline. Whether you are a Bucket carrier or a Pipeline builder? To know the strategies to build the pipeline you should read this book. I recommend for Beginners too.
Lessons learnt: Should need a career that will create an ongoing residual income.
செல்வம் சேமிப்பதன் அவசியத்தையும் முதலீட்டின் முக்கியத்துவத்தையும் எளிமையாக விளக்கும் அருமையான நூல்.
1801 ஆம் ஆண்டு, இத்தாலி. பாப்லோ, ப்ரூனோ இருவரும் வாழ்வில் உயர வேண்டும் என்ற எண்ணமும், கடினமாக உழைக்கவும் கூடிய நண்பர்கள். ஒருநாள் இவர்களுக்கு ஒரு வேலை கிடைத்தது. அதாவது, ஊருக்கு அருகில் ஓடிக்கொண்டிருக்கும் நதியிலுருந்து ஊரின் நீர்த்தொட்டிக்கு நீர் கொண்டுவந்த�� நிரப்ப வேண்டும். ஒவ்வொரு பக்கெட் நீருக்கும் ஒரு பென்னி சம்பளம். பாப்லோ உடனே மகிழ்ச்சியுடன் ஏற்றுக்கொண்டு வேலை செய்ய ஆரம்பித்தான். ஆனால், ப்ரூனோ எதிர்காலத்தை திட்டமிட ஆரம்பித்தான். வேலை செய்து கொண்டே, ஒய்வு நேரங்களிலும், வார இறுதியிலும் குழாய் அமைக்கும் பணியை மேற்கொண்டான். இரண்டு வருட கடும் உழைப்பிற்கு பிறகு ஊரின் நீர்த்தொட்டிக்கு நீர் வருமாறு குழாய் அமைத்து முடித்தான். அதன் ���ிறகு அவன் வேலை செய்யாமலே வருமானம் பெருக ஆரம்பித்தது. ஆனால், இரண்டு வருடத்தில் பாப்லோ, பக்கெட்டில் தண்ணீர் தூக்கி மிகவும் சோர்வுற்று, உடல் நலிவுற்று இருந்தான்.
எதிர்கால திட்டமிடலின் அவசியத்தை பாப்லோ, ப்ரூனோவின் இந்த குழாய் வழிக்கதையின் மூலம் விளக்குகிறார் ஆசிரியர்.
படித்ததில் பிடித்த வரிகள்:
"நாளைய கனவுகள் இன்றைய தியாகங்கள் மீது கட்டப்படுகின்றன".
"ஒவ்வொரு அங்குலமாக, ஆனால் உறுதியாக முன்னேறுவேன்".
"குறுகிய காலத்தில் படும் வலி, நீண்ட காலத்தில் லாபம் அடைய ஒரே வழி".
This is a shallow copycat version of Rich Dad Poor Dad (quite something to expect from someone who also authored Copycat Marketing 101).
The book gives you an understanding of the need to save & invest at barely the surface level. Talks about the outdated Multi-level marketing & Affiliate marketing as the only way of building "The Ultimate Short Term Pipeline". Understandable since this book came out in 2001 shortly after the e-comm boom but, nevertheless makes it irrelevant for times now.
A couple of short stories about funny money management were witty but, the book is strictly for a beginner teenager to gain a basic knowledge of making money work for them before they go on to read Rich Dad Poor Dad later in their 20s.
It is a 120-page cruiser, so that's a saving grace.
honestly i wanted this book for months and since it was so hard to get my hands on i wanted it even more. then i finally got a chance to read it and was very badly disappointed. this is the only book i have in my library that i would recommend for my 5-6 grade sister. this book could’ve been a 5 page story then he goes on to explain the rest of the story and elongates the book to 130 pages and the stuff he explains is common sense. watch a youtube video on the story and it’ll save you time and money.
An eye opener for some people, for some, a mere fairytale. This book transforms into what you want to read rather than what the book wants to preach. A good quick read for young entrepreneurs while a holy bible for job workers pointing out their sins and urging them to diverse their career options.
Why it has been said that from quite a long time that A job is just a temporary solution for a permanent problem of money will be cleared by reading this book.Have started on creating pipeline along with bucket (Job) income.
Tomorrow's dreams are built on todays sacrifice. A very good book, which helps us to understand why a pipeline income is a must. The author explains about two different types of pipeline income and how to use it.
A Simple Yet Powerful Lesson on Wealth Creation Burke Hedges’ The Parable of the Pipeline delivers a timeless financial lesson wrapped in a simple yet engaging story. Through the tale of Bruno and Pablo, Hedges explores the contrast between traditional employment and the power of residual income. This book is not just about making money—it’s about shifting one's mindset toward financial independence and long-term wealth creation.
Key Learnings and Themes The Illusion of Job Security Hedges challenges the widely accepted notion that a steady job equates to financial security. He argues that relying solely on active income—where earnings stop the moment you stop working—is a risky approach to financial stability.
The Power of Passive Income The core message of the book is about building systems—like Pablo’s pipeline—that generate money even when you’re not actively working. Whether it’s through investments, businesses, or other passive income streams, the book urges readers to think beyond traditional employment.
Leveraging Time and Resources Wisely Time is the most valuable asset, and how one chooses to use it determines their financial future. The book encourages readers to be strategic about their time, relationships, and financial resources to create sustainable wealth.
A Five-Year Plan for Financial Independence Hedges emphasizes the importance of having a structured plan to transition from earning through effort to earning through assets. He advises readers to commit to a five-year journey of pipeline-building, illustrating how gradual effort leads to exponential rewards.
Memorable Aspects Storytelling Approach: The parable format makes financial principles easy to grasp, especially for those new to the idea of wealth-building. The simplicity of Bruno and Pablo’s story resonates across cultures and professions. Easy-to-Understand Language: Hedges avoids complex financial jargon, making the book accessible to a wide audience. Inspiring and Actionable: While the book doesn’t provide in-depth investment strategies, it serves as a great motivational tool to rethink financial choices. Strengths ✅ A compelling and relatable analogy: The bucket vs. pipeline metaphor is simple yet profound, making it easier for readers to visualize the concept of passive income.
✅ Short and engaging: The book is concise, making it a quick read while still delivering valuable insights.
✅ Universal message: Whether you’re an employee, entrepreneur, or student, the principles in this book apply universally.
Weaknesses ❌ Lacks practical execution steps: While the book is motivational, it doesn’t dive deep into specific ways to build a financial pipeline. Readers looking for step-by-step strategies might need to explore other resources.
❌ Somewhat repetitive: The key message is reiterated multiple times, which can feel redundant for readers who grasp the concept early on.
Who Should Read This Book? 📌 Aspiring Entrepreneurs: If you’re looking to break free from the 9-to-5 grind, this book will reinforce why building assets is crucial.
📌 Employees Wanting Financial Freedom: Those who rely solely on salaries will find valuable insights on why passive income is essential.
📌 Personal Finance Beginners: If you’re new to financial literacy, this book serves as a great introduction to wealth-building principles.
Final Thoughts The Parable of the Pipeline is a great starting point for anyone looking to shift their mindset from earning through effort to earning through assets. While it doesn’t provide detailed financial strategies, its core message is powerful: build a system that generates income even when you're not actively working. If you’re looking for motivation to break out of the paycheck-to-paycheck cycle and start thinking long-term, this book is a solid read.