Have you read The 4-Hour Workweek? Author Timothy Ferriss wrote this book to show people how to downsize time spent on work and upsize time spent on personal pursuits.
It may sound impossible, but I know someone who makes $30k a year from working four hours a week. Sure, $30k may not bring you riches, but it’s a pretty good return from four hours a week. If you’re looking to earn money on top of your regular job, top up retirement income, stay at home with kids or ailing family members, or just make decent money while working as little as you can, $30k isn’t bad at all. My friend is a marketing consultant and freelance writer who charges around $145 an hour. With just four hours a week, she brings in $30k a year.
But imagine if my friend found ways to get other people to do work for her. Imagine if she also tapped into recurring revenue streams. She could earn far more than $30k a year.
I’ve got The 4-Hour Workweek on my holiday shopping list. If you’ve read it, leave a comment. Thanks.
I generally agree with you, Tony. But I think many of his readers respond to his tone. I wasn’t in sync with the tone, but I took away some good points. I just ignored what I didn’t want to hear!
I’ve read the book and think it’s a great goal to have. Not all start up operations can fit into that type of “4-hour per week” box when actually launching…but the premise is that you shouldn’t start though labor intensive deals to begin with!
I’m moving into an online practice (vs. flying around in person) and I make a lot of decisions with the 4-hour work week in mind for the future.
I just finished 4-Hour Workweek. I think the author makes some great points about outsourcing trivial tasks, but a lot of his recommendations are unrealistic. I also didn’t care for his pompous style.
In the end, I think it’s a worthwhile read and contains some great resources to help you with your business. I have really started to think about how I spend my time and what I may be able to get someone else to do.
i think just about anybody can fit in 4 hours of work each week to bring home an extra $30k a year. That’s a years worth of college tuition, maxed out 401(k) or savings.