Stephanie_Cunnane comments on Rationality Quotes May 2012 - Less Wrong

6 Post author: OpenThreadGuy 01 May 2012 11:37PM

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Comment author: Stephanie_Cunnane 02 May 2012 05:11:15AM 11 points [-]

Are you better off than you were one year ago, one month ago, or one week ago?

-Tim Ferriss, The 4-Hour Workweek

Comment author: Mass_Driver 02 May 2012 11:37:12PM *  13 points [-]

Has anyone tried to put Ferriss's 4-Hour Workweek plan into practice? If so, did it make you better off than you were a month ago?

EDIT: Ferriss recommends (among other things) that readers invent and market a simple product that can be sold online and manufactured in China, yielding a steady income stream that requires little or no ongoing attention. There are dozens of anecdotes on his website and in his book that basically say "I heard that idea, I tried it, it worked, and now I'm richer and happier." These anecdotes (if true) indicate that the plan is workable for at least some people. What I don't see in these anecdotes is people who say "I really didn't think of myself as an entrepreneur, but I forced myself to slog through the exercises anyway, and then it worked for me!"

So, I'm trying to elicit that latter, more dramatic kind of anecdote from LWers. It would help me decide if most of the value in Ferriss's advice lies in simply reminding born entrepreneurs that they're allowed to execute a simple plan, or if Ferriss's advice can also enable intelligent introverts with no particular grasp of the business world to cast off the shackles of office employment.

Comment author: knb 03 May 2012 03:37:50AM 3 points [-]

I have, and yes it made me much better off (although I wouldn't really describe it as a "plan", since its more "meta" than I think of "plans" as being.)

Some more anecdotal evidence.

Comment author: Mass_Driver 04 May 2012 08:20:41AM 7 points [-]

Cool! So, what was your pre-4HWW lifestyle like, and how did it change?

Comment author: sometimes_rational 08 May 2012 11:44:55AM 2 points [-]

There are other resources that recommend this practice. Steve Pavlina is currently running a series on passive income on his blog that looks interesting as well.

I don't know if the recommendations made in 4-Hour workweek or that blog are sustainable in the real world without a large amount of "luck".