Here's the new thread for posting quotes, with the usual rules:
- Please post all quotes separately, so that they can be voted up/down separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself
- Do not quote comments/posts on LW/OB
- No more than 5 quotes per person per monthly thread, please.
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.
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".