A friend of mine just sent me this link and since this has been such a popular topic of discussion here, I thought I'd give you guys the heads up. This is a link to a free unabridged (read:8 hours 23 minutes) audio book of Timothy Ferriss's 4-Hour Work Week.
http://www.audible.com/adbl/site/products/Product…
NB: The download is only free for another 11 days for some reason, so if you want it, go grab it now.
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Thanks for the link
The 4HWW is great. Once you're done with the listen, try living the 4HWW for yourself on Optask (http://optask.com). Outsource small chores like vacation planning, finding a used card in your area, aggregating data, etc. It's like your own OfficeTiger :)
Can someone give a one-sentence summary of what this is all about? (Whoever says "Doing four hours of work in one week" get slapped with a trout)
In a word, the book tells us to take life easy...
I read it a few weeks ago and it may be interesting for people having time, not for bankers or prospective bankers. I'm not convinced at all!
If I had to sum up the premise in one sentence it would be:
How to harness technology to create automatic cash flow sufficient to support the permanent leisure lifestyle of your choice.
The biggest argument the book presents vis-a-vis investment banking is whether or not it is worth trading 80-110 hour weeks with little or no vacation time for, let's say, $120,000 a year versus working a couple hours a week to make $60,000 and having the free time to do the things that really turn you on in life.
That's it in a nutshell.
To someone just getting out of college, buried in student loans, and laser-focused on banking as a means to make a ton of dough, the book probably isn't appealing.
For those who have been in banking a while, though, and realize what a grind it is and that they're essentially selling the best years of their life for X dollars, the book is very intriguing. I guess it just depends where you are in your career.
Though I don't think you'll get much out of it until you've actually been working full-time for a few years.
Honestly no one in undergraduate or MBA right now will want to do anything like this - the financial pressure and peer pressure is too great.
It's the type of book you'll only enjoy after working full-time, especially if you've done banking or anything else in finance.
His basic point is that most people THINK you can either 1) work a lot and make a lot of money, or 2) work very little but be poor - but there's actually a middle ground, where you can set up passive income so that you can enjoy life while not killing yourself with work 24/7.
I doubt that anyone who's currently in school will find this appealing, but if you've been out there working full-time it's definitely worth the read, even if you only follow part of what he says.
i'm in school and I find it VERY appealing. I'm just trying to figure out how best for me to generate that passive income....
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