Are You Carrying Buckets or Building Pipelines
Work smarter, not harder
Robert Kiosaki, in the popular Rich Dad, Poor Dad series, tells a wonderful story to illustrate the importance of creating and controlling leveraged financial systems if you have a desire to be wealthy.
Carrying buckets certainly works, but only up to a point. It is an inefficient way to get work done. You are limited by your availability of time as well as your capability to perform a task. "Carrying buckets" represents a "job" or "self-employment." Your results show a rather limited return for your efforts unless you are a highly paid entertainer, sports star, etc.
A "pipeline" describes an effective system that is implemented to deliver a product or service. It is not limited by the constraints of your time or efforts. It is a "business," and done correctly, has the potential to create a fortune.
Think pipelines. It is one of the most important, fundamental concepts necessary for the average person to build an outstanding business.
Apply Buckets vs. Pipelines
Buy the books below. Read and reread until you understand them. And most importantly, apply them to your situation.
We all need to counter the "programming" we have received through traditional educational institutions. Usually working at a job is a way to take care of our needs in the "secure" and "comfort" part of our plan. No guarantees of course, but typically you can expect a salary to be paid as long as you have your job. Our loftier ambitions for building a wealthy lifestyle can better be served by our creative talents.
Many people have second "jobs" to get ahead. What kind of pipelines are you building to bring cash flow into your piggy bank?
Buckets vs. Pipelines Resources
Books- The E-Myth Manager
by Michael E. Gerber - The E-Myth Revisited
by Michael E. Gerber - Rich Dad, Poor Dad
by Robert Kiosaki