The 4 Hour Workweek?

Status_Quo's picture
Rank: King Kong | 1,188

How has the book worked for you? How has it changed you?

I know M&I was started because of that book, and I know quite a few forum members have used it as well... discuss.

Comments (18)

Feb 2, 2011

Where are the Ferris Fanboys at?

I really like his work, 4HWW and 4HB were both great reads. I haven't tried implementing anything yet (I'm big on planning, plus I've been busy with school/work/getting drunk), but a LOT of what he says and the way he says it hits me. I look forward to seeing what he does in the future.

Feb 2, 2011

It's an interesting read. Like it or not, Ferriss is a marketing genius.

However, I think it's a better book for career professionals with 10 years of experience, maybe looking to start their own business, than the typical college student. It provides a lot of good advice to people with capital, strong professional reputations, and backup options.

To college students who might be reading this, I recommend spending at least three or four years building up those safety nets before taking Ferriss's advice at face value. Develop the work ethic first and then decide whether it's helping you or not. :D

Feb 2, 2011
IlliniProgrammer:

It's an interesting read. Like it or not, Ferriss is a marketing genius.

However, I think it's a better book for career professionals with 10 years of experience, maybe looking to start their own business, than the typical college student. It provides a lot of good advice to people with capital, strong professional reputations, and backup options.

To college students who might be reading this, I recommend spending at least three or four years building up those safety nets before taking Ferriss's advice at face value. Develop the work ethic first and then decide whether it's helping you or not. :D

Why do you say that? He advocates starting businesses that have low starting costs. I mean, yes, not everyone has a few grand lying around, but 2-3K isn't exactly an amount you would require a 'safety net' for.

Feb 2, 2011
noway:

Why do you say that? He advocates starting businesses that have low starting costs. I mean, yes, not everyone has a few grand lying around, but 2-3K isn't exactly an amount you would require a 'safety net' for.

Well, what's your backup plan if the business fails? You've got no experience, no connections, no reputation to fall back on.

Feb 2, 2011

Considering I'm pretty much Ferriss fanboy #1 around here, I'll chime in on this post. I read the book while I was in banking and it totally changed my outlook - both on business as well as personal life. I launched my own muse about a year afterward (only took that long because I was dragging my feet) and it's approaching a point now where I'm thinking twice about quitting my job and going out on my own full time. The 4HWW really opened my eyes about how easy it is to start a business and how easy it is to reach out and take what you want out of life, if only you'll extend your hand.

You can read a lot more opinions by a lot of the certified users (including me) in this thread: http://www.wallstreetoasis.com/blog/24-hour-bonus-... - bottom line, it's a great book.

Feb 2, 2011
CaptK:

Considering I'm pretty much Ferriss fanboy #1 around here, I'll chime in on this post. I read the book while I was in banking and it totally changed my outlook - both on business as well as personal life. I launched my own muse about a year afterward (only took that long because I was dragging my feet) and it's approaching a point now where I'm thinking twice about quitting my job and going out on my own full time. The 4HWW really opened my eyes about how easy it is to start a business and how easy it is to reach out and take what you want out of life, if only you'll extend your hand.

You can read a lot more opinions by a lot of the certified users (including me) in this thread: http://www.wallstreetoasis.com/blog/24-hour-bonus-... - bottom line, it's a great book.

Lol, SB for the groupie love disclosure, but you aren't getting me to buy into the 4HB until I see a bicep on your forehead.

I agree with most of what you said about 4HWW, but I do think the salient point for all those looking to it (or any other lifestyle design handbook for that matter) for guidance is that Ferris already had a $40K/month business when he wrote it. So it won't necessarily give you the process if you're looking to go from scratch.

It's definitely a great attitude adjustment for those stuck in the grind mentality of the working slave, but is by no means the answer.

I would say instead; the 4HWW is a great springboard to thinking the right way if you're sick of the grind and want to do your own thing. I also think that some of Ferris's recommended readings at the end of the book, may be more useful than the book itself.

Feb 2, 2011
Midas Mulligan Magoo:
CaptK:

Considering I'm pretty much Ferriss fanboy #1 around here, I'll chime in on this post. I read the book while I was in banking and it totally changed my outlook - both on business as well as personal life. I launched my own muse about a year afterward (only took that long because I was dragging my feet) and it's approaching a point now where I'm thinking twice about quitting my job and going out on my own full time. The 4HWW really opened my eyes about how easy it is to start a business and how easy it is to reach out and take what you want out of life, if only you'll extend your hand.

You can read a lot more opinions by a lot of the certified users (including me) in this thread: http://www.wallstreetoasis.com/blog/24-hour-bonus-... - bottom line, it's a great book.

Lol, SB for the groupie love disclosure, but you aren't getting me to buy into the 4HB until I see a bicep on your forehead.

I agree with most of what you said about 4HWW, but I do think the salient point for all those looking to it (or any other lifestyle design handbook for that matter) for guidance is that Ferris already had a $40K/month business when he wrote it. So it won't necessarily give you the process if you're looking to go from scratch.

It's definitely a great attitude adjustment for those stuck in the grind mentality of the working slave, but is by no means the answer.

I would say instead; the 4HWW is a great springboard to thinking the right way if you're sick of the grind and want to do your own thing. I also think that some of Ferris's recommended readings at the end of the book, may be more useful than the book itself.

I think you make a good point Midas. The 4HWW is a great primer on "thinking the right way" as you put it - learning to develop a mindset of action and constant evaluation rather than one of accepting the norm.

I also do want to note though - yes Ferriss had a $40K/month business when he wrote the 4HWW, but the entire contents of the book are an instruction manual about HOW he built that business from nothing. The book is a how to for people that want to build something equally successful.

Feb 2, 2011
Midas Mulligan Magoo:

You aren't getting me to buy into the 4HB until I see a bicep on your forehead.

The proof is in the pudding my man. Read my comments in this thread - I dropped 45lbs on the 4HB method: http://www.wallstreetoasis.com/blog/meat-on-the-st...
Can't say it will work for you, but it worked better than anything I'd ever tried.

Feb 2, 2011

You also either have to disclose businesses that you're coming in with or cease operations in those businesses and then get approval to restart them when you're hired. It depends on the firm.

Again, just be careful.

Feb 2, 2011
IlliniProgrammer:

You also either have to disclose businesses that you're coming in with or cease operations in those businesses and then get approval to restart them when you're hired. It depends on the firm.

Again, just be careful.

I see. Thanks for the heads up. Do you just talk to HR about this? And do they usually put up a big stink about this kind of stuff?

Feb 2, 2011

Well, I ran a website registration/development business when I came in. HR said I could keep the business, but "just don't work on it over the summer." I gave it up once I started work full time.

Feb 2, 2011
IlliniProgrammer:

Well, I ran a website registration/development business when I came in. HR said I could keep the business, but "just don't work on it over the summer." I gave it up once I started work full time.

Do you if that's just finance, or does it apply to other fields like consulting as well? If thats the case, then I figure I could just get a business partner in a different field to run it, which means I wouldn't have to worry about working on it. Thanks for the help btw, I'd toss a SB if I had one.

Feb 2, 2011

Nope. Just a FINRA rule. But greater than X% (X being something like 20%) is still considered an outside affiliation or directorship, I believe.

Getting some experience running a small business in college is great. But it's hard to work and run one at the same time- especially if you're just starting out. It might just be a good idea to start up an outside business when you've got some leverage to get your MD to sign off on it. IE: after you've been on the job for a year or two and just finished a huge project for him.

Feb 2, 2011
IlliniProgrammer:

Nope. Just a FINRA rule. But greater than X% (X being something like 20%) is still considered an outside affiliation or directorship, I believe.

Getting some experience running a small business in college is great. But it's hard to work and run one at the same time- especially if you're just starting out. It might just be a good idea to start up an outside business when you've got some leverage to get your MD to sign off on it. IE: after you've been on the job for a year or two and just finished a huge project for him.

Illini SB for all your insight on the thread.

Feb 2, 2011
Comment