How Anyone Can Build a pipeline Of

 
How to Become the Millionaire Next Door 
The second tale has a much different ending. It’s 
the tale of a small town teacher named Margaret 
O’Donnell, and it proves that you don’t have to 
carry big buckets in order to build big pipelines. 
Ms 
O’Donnell
 taught school for more than 50 years.
When she retired in her 70s, she was making around 
$8,500 a year. When she died at age 100, she left 
almost $2 million to 10 different charities, including 
her church, schools she attended, and a Boy Scout 
troop. 
How could a woman earning less than $10,000 a 
year accumulate a small fortune? Simple. She built 
a long-term investment pipeline by making regular 
monthly investments in quality stocks and allowing 
them to compound over time. 
Building Long-Term Pipelines 
Stocks, Bonds 
Investments 
+
 
 
= Prosperity! 
 
Little Income 
Pipeline
 
 

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“Margaret enjoyed stocks,” said her broker, Bob 
Wolanske. “The first time I met her, she threw 
three papers on my desk and said, ‘What should I 
do with these dogs?,’ referring to some stocks that 
weren’t doing well.” 
Over the next 20 years, Margaret’s portfolio 
bloomed to include a collection of blue chip stocks, 
tax-exempt bonds, and utility stocks that she held 
luntil her dealth. She rarely touched any of her 
investments, enabling her retiremnt pipeline to grow 
lyear after year aafter year. 
Small Sacrifices, Big Results 
Now, in case you’re thinking that Margaret was one 
of those penny-pinching spinsters who clipped 
coupons and saved used tea bags, you’d be wrong.
She ate out often with friends. Drove a late-model 
Buick. And frequently flew to Europe to enjoy long 
vacations. 
She didn’t deny herself the pleasures of life. But 
she also showed discipline and restraint in her 
spending. And she saved and invested each and 
every month, even in retirement. 
You see, Margaret was the classic example of a 
long-term pipeline builder. She started saving and 
investing in her early 20s. and she continued right 
up until her dealth at age 100 (as you’ll learn in the 
coming chapters, pipelines grow higger and bigger 
over time). 

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