Burke Hedges – Author explains the importance of a residual income.
And for that, one must build a pipeline which flows money into your pockets forever.
He quoted ‘ Pipelines are Lifelines’ because pipelines generate money even when you sleep.
It is not possible for anyone to work 24/7 throughout the life to earn money.
According to Burke’s calculation, 1 person can do 1 unit of work per 1 unit of money only.
If you stop going to work for a single day, a week or a month , your income will stop.
This clearly means we are living in a paycheck to paycheck model.
Therefore, better build a pipeline which generates revenue for you. It flows money
when you play and even when you sleep.
Author explained how wealth is created and accumulated
The book walks you through a tale of two young men 
called Pablo and Bruno in which one chooses to build a pipeline which brings him the fortune and other chose to work for a paycheck to paycheck and become hopeless.
You will read a lot of such stories in the book to compare and draw inspiration.
He added we are in a bucket carrying world. There are only few pipeline builders in this world.
Read the book to know about Time leverage, Money leverage and the power of doubling and compounding.
