The four hour work week
I've been listening to the audio version of "The Four Hour Work Week" and its very interesting. While often the guy sounds like a spoiled brat who lucked out with one business venture, a lot of his ideas are challenging me and putting in motion some powerful concepts. Like "What am I working so hard for"? I work seven days a week and usually at least 8-12 hours of work every day. He talks about lifestyle design, creating enough income to live the life you want. He talks about how the system is flawed where people work 9-5 their whole lives hoping for some fun at retirement, but by then who cares? Your old and broken down from 45 years of hard work. I want it NOW. He talks about setting up automated businesses that make you money 24 hours a day. I have some of these, but they don't make me much money. He talks about the 80/20 rule and I've heard of it before, but never considered it in all areas of all things, which is an interesting concept to say the least. A great book, I can't wait to finish it and see if it can work for me. Right now I'd be happy for just a 40 hour work week that actually puts 4k a month or more in my pocket again. I miss my old contracts. I was making 7k a month for a while, that is my goal. Life was good at that time, new anything I wanted, banked loads of cash, and I was empowered creating games.
I think I'm really close actually. I got to thinking the other day, and I'm barely surviving after not working for four months. Once I DO start working... the passive income + earned income should equal a FAT BANK account!
I figure I'm on the right path. I mean, passive income is well worth the time spent. Yes, right now its like 2 months of hard work for 250 positive cash flow on a rental unit, but over time its paying my loan, building equity, and in two years its 6 grand. Thats a fair trade for two months of work in my area. In fact most people in this area don't make anything close to that much for two months of work. Over twenty years, my two months of work will earn me 60 grand, if rents do not go up one cent. So I have to consider the snowball effect this will have as well.
I think I'm really close actually. I got to thinking the other day, and I'm barely surviving after not working for four months. Once I DO start working... the passive income + earned income should equal a FAT BANK account!
I figure I'm on the right path. I mean, passive income is well worth the time spent. Yes, right now its like 2 months of hard work for 250 positive cash flow on a rental unit, but over time its paying my loan, building equity, and in two years its 6 grand. Thats a fair trade for two months of work in my area. In fact most people in this area don't make anything close to that much for two months of work. Over twenty years, my two months of work will earn me 60 grand, if rents do not go up one cent. So I have to consider the snowball effect this will have as well.
0 Comments:
Post a Comment
<< Home