The parable of the pipeline by Burke Hedges

We’re living in the most affluent economy in decades. Yet millions of people are still living from paycheck to paycheck, working longer and longer hours just to stay even.

Why? Because they bought into the wrong plan! They’ve fallen for the Time-for-Money Trap. You know, a day’s work for a day’s pay. A month’s work for a month’s pay. Sound familiar? Whether you’re a $10,000-a-year dishwasher or a $ 100,000-a-year doctor, you’re still trading one unit of time for one unit of money. You’re still living paycheck to paycheck. As for “job security” – if you can’t do the work because of layoffs…. illness… injury… or retirement – the paychecks stop!

Where’s the security in that?

How do you escape the Time-for-Money Trap? By building Pipelines of ongoing, residual income. With residual income, you do the work once and get paid over and over again. That’s why one pipeline is worth a thousand paychecks. Pipelines keep pumping day after day, year after year, whether you’re there to do the work or not.