The 4 Hour Work Week – is it a possibility?
I am referring here to the concept Timothy Ferriss wrote about in his book “The 4 Hour Work Week“. He was not suggesting working only 4 hours and being very poor, in fact the exact opposite!
If you have not read the book it is about “Escaping the 9-5, living anywhere and joining the new rich“. On the back of the book it says “do not read this book unless you want a new way of living. Forget the old concept of retirement and saving for the future – there is no need to wait and every reason not to.”
There are countless other books and advertisements on the topic of making it big online.
Living that Internet Dream! That is the reason that an online business is started by someone every day. In fact I heard every 30 seconds a new online business was started but I am not sure how true that is.
My online vision
I first caught a glimpse of the life style and possibilities when I met the late Cory Rudl (founder of Internet Marketing Center). It was in the late 90s and Corey was making his first trip to Australia.
Corey had become an internet millionaire in his 20s and was just beginning his teaching career.
Several years later I was blessed to accompany Corey on an Australian tour which we promoted.
At that time I really got to see the possibles of a very different lifestyle. However as I could not even use a computer back then and was a total technophobe I had a self limiting belief I could never do it.
But somehow even with that limiting belief the idea never left my head and I kept this vision of myself with an internet business.
Back to the question – Is the 4-Hour Work Week a Possibility?
I do not know. I sure am a very long way from it right now! I can see how over time as my business grows and I automate I can cut my hours back and outsource more.
To be really honest with myself, in my mind I can get to 4 hours a day as a goal maybe 4 days a week . I cannot envisage 4 hours a week – perhaps it is another self limiting belief I am holding.
The Online Reality for most people
When most people come online they quickly go into overwhelm. There are so many choices and ways you can make money online. There are also so many promises of a quick dollar. It is common for people to jump around and be anything but focused.
In reality I am yet to meet someone who came online and had instant success. Although there are programs that can fast track your learning and get you there much quicker.
You are building a business and that takes time. More time than many people are prepared to dedicate and then we hear those people saying it does not work to make money online.
It does work. There are many, many examples of people who are earning a good income online while enjoying a wonderful lifestyle.
Should you focus on one source of income or several?
This is a question I hear often and I have also asked of myself.
I am a firm believer in multiple streams of income because my husband and I have twice lost much due to not diversifying our income.
On the flip side of this there is a difficulty in trying to do too much at one time and not focusing on anything properly. You need to find your balance and carefully plan your time.
If you have been following my blog for anytime you will know this is something I am passionate about. Whatever you do online you need to be building a residual income.
If you do not know what residual income is please read my post on Residual Income.
In summary it is income that continues to generate after the initial work has been done. Without this you will always be chasing the new sale or providing the service and there is no way ever you will get to the 4 hour work week.
Also you will never have much time off or become one of the new rich. So whatever you do online include a way of building a residual income.
What do you think? Is the 4 Hour Work Week a Possibility?
I would love to hear what you think about the concept. What are you focusing on this year?
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Check out this free video showing how ANYONE can make $150-$500 per day online!