Carrying Buckets or Building
Work Smarter, Not Harder
Robert Kiyosaki, 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 This Concept
Visit our library and find the books that discuss the concept of
pipelines. Read and reread them until you understand the concepts.
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?