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Four Hour Work Week by Tim Ferriss Reviewed

January 12, 2016 by Lazy Man 8 Comments

Tim Ferriss’ Book 4-Hour Workweek has been around for some 2-3 years now… and yet, while it’s right in the Lazy Man wheelhouse, I hadn’t read it until recently. Why didn’t I read it? Here are the two biggest excuses:

  • I Hate Books – I’d like to blame Ethan Frome for my hated of books, but the truth is that it probably started long before that. I have a pretty short attention span the Internet and blogs especially play to that. In fact, if you’d ask me what books are worth reading off the top of my head I’d go with How To Win Friends and Influence People, Everything by Malcolm Gladwell, The Catcher in the Rye, and The Great Gatsby. This book joins that elite list.
  • I Cross the Frugal Line to Cheap Sometimes – I was waiting on this book through Paperback Swap since it came out. When a book is really good and is worth re-reading multiple times, people don’t want to give it up. Finally, when I got close to the top of the list, my wife decided to just pay the $15 (or whatever it was) and get it for me for Christmas.

Having finished the book, one of the things I can say is “wow.” It’s where I was trying to take this website when I set out. The reason I created this website is that I realized that my girlfriend (and now my wife) was going to retire at age 44 due to 20 years of service with the military. At that time, she’d might want to enjoy life in way that a regular 9-5 worker couldn’t. So I created this website to explore ideas on how to avoid the working the next 35 years. At the time, I had no idea that this website wasn’t just the question on how to do that, but it may also evolve into the answer.

As you can imagine Tim Ferriss and his 4-hour Work Week strives to get to the same place… earn a very good income with limited “work”, thus giving you the freedom to do the things you want to do. I found myself agreeing with Tim Ferriss on almost everything he said, except that he used the word “lazy” in a negative context almost every time. I like to think that he’d choose a different word if he was a software engineer (see lazy evaluation).

His book and this blog cover a number of similar things. (Before I get started on them I think this blog was started well before his book was published, but some of his ideas were published before this blog.) Here are some examples:

  • Pareto Principle (80/20 rule) – See my About Page. It’s the first item I listed.
  • Parkinson’s Law – While I mention time (as Mr. Ferriss does), and space, I also applied this to dealing with money – Are Your Resources Swallowed Up By Parkinson’s Law?. You might have heard of it under the term “lifestyle inflation.”
  • Wasting Time Trying to be Too Perfect – I covered that here: The Enemy of Good in Entrepreneurism. In reality it’s the other 20/80 not covered in the Pareto Principle.
  • Speed Reading – The book gave some tips to read quickly (a great set of tips in about a single page). I need to re-read those tips and practice them as I named reading slow one of Three Reasons I Will Never Be Rich. I mentioned how slow I read again in my 2008 goals. I also put it on my short list of tips on How To Be Successful.
  • Hiring a Virtual Assistant – I mentioned How to Find a Virtual Assistant, and Why Hire a Virtual Assistant , previously. Tim Ferriss spends a chapter or two going in great detail.
  • How To Negotiate – Okay, I failed here, I have about 600 bookmarked websites on how to negotiate and from what I can tell I haven’t written about it. I think it’s because that’s always been on my wish list to learn.

So you may be asking right now, “Why do I need to get 4-hour Work Week when I can read this blog?” The short answer is that Tim distills all that information (and much, much more) into a book that most people can read in a couple of days. I really can’t do the book justice in just a few hundred words – . This blog rambles a lot about things you might not care about (i.e. my life). Though you may like this blog a bit more because it follows a person’s journey to implement the ideas in the book (even if I didn’t know the ideas were in the book).

Again, I recommend very, very few books, so if you have been on the fence on whether you should buy 4-Hour Workweek. I say, “do it!” I wish I had done so a couple of years ago.

Filed Under: Book Review Tagged With: four hour work week, tim ferriss

Net Worth Update – June 2008

June 18, 2008 by Lazy Man 7 Comments

It’s the middle of the month, so it’s a time to take a look at my net worth. Due to the stock market slump it slumped a little bit. It’s specifically down about $3,000 from around $220,500 to $217,380. The first half this year has been disappointing to me, because I really thought I’d be making more money that I’m spending. That speaks a little to the splurges that I’ve made, like my Asus EEE, but it really is about my income. I expected my websites to make more money. Maybe it’s the economy, or maybe I’m not doing a few things right. Perhaps the best explanation is that I simply don’t have the writing skills as some personal, finance, writers. Either way, I’m not giving up.

In the last month, I’ve been focusing a bit on another business. I mentioned it in passing in this space before. I can’t go into too many details, but I will say this. It piggybacks on the blogging skills I’ve acquired over the last two years. I will also say it heavily relies on the principals of the four hour work week. It’s on the verge of being profitable already which is quite outstanding considering that California’s incorporation costs are quite high ($1200+).

Here’s looking forward to next month.

Filed Under: Net Worth Tagged With: Asus Eee, four hour work week, personal finance, stock market slump, writing skills

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