The 4-hour work week. Is it possible?
Many moons ago, I read Tim Ferris’ book the 4-hour work week and this really resonated with me. I wanted a laptop lifestyle and went looking around the internet trying to find out how I could do it.
What I got from this book was;
1. You can live in third world countries, because the cost of living is cheap, if you can earn an income online.
2. You can pay people from overseas to help you achieve this because their wages are lower.
3. You can live your life free of commitment and without the 9-5 grind.
4. You don’t need to be an expert, you need to be able to research and find information. Writing will make you an expert.
5. You can create a digital product to sell. This is easy to deliver and increases your audience to most of the world. Today this option has been increased to selling physical products with drop shipping and affiliate marketing.
6. Passive income streams allow you to make money while you sleep.
I have looked around and many people claim to live this lifestyle. The only thing that I have really noticed is that most don’t live in an exotic place, instead they exist. They spend a lot of hours locked in a room coaching others and teaching rather than applying the principles and making it work.
Is this the perfect 4-hour work week?
In my opinion, this is not an ideal lifestyle and
I want to see the world and stay in top accommodation, not hide away in some bolt-hole. Yes, the tourist accommodations in exotic locations are wonderful, but many people do not stay in these locations because they are costly, instead choosng cheaper options. However, I want to be able to stay in good accommodation.
I currently do live a laptop lifestyle, in that I travel across Australia for work and sell face to face as well as online.
I work 3-4 days most weeks, usually 3 weeks a month and have a month off at Christmas and in the middle of the year.
I am certainly closer to the ‘ideal’ laptop lifestyle. Yet I am still looking for ways to reduce my hours.
I currently spend around 150 hours a month working or traveling between venues. This works out to roughly a 4-day work week, and I do live a mobile lifestyle. No house, no commitments, online and offline businesses and plenty of travel.
As I have started this blog, I am spending more than 4 hours a day getting posts written and published, images created and then sharing them on social media to get my message out. I acknowledge that I am still new at this and do need to spend some time researching ideas to write about, as well as researching keywords. Most days I spend around 6 hours.
I have a wonderful training website and community that has helped me to build this blog. I think that this is the first step in my journey to reduce my work hours. You can read a full review of this on my website How To Make Money Online
What options could lead to a 4-hour work week?
I wonder how I could possibly hope to live a 4-hour work week laptop lifestyle.
I have been accessing the various types of online business models and considering whether I think that each has the potential to make the grade.
Of course, with any online business, you can not just put in 4 hours a week and expect it to survive.
I am considering some point in the future when everything comes together. You must work long and hard to even have the opportunity to start to reduce your work hours, in my opinion.
Some of the business models that I have considered as contenders for the principles of a 4-hour work week are;
a) Blogging. Many people blog and add affiliate marketing and email marketing as part of their blog. Monetizing a blog is important and today many people are sick of advertising within blogs.
b) Affiliate marketing. This is mainly done within blogs and emails, however there are other methods of selling products through advertising within social media platforms.
c) E-book writing and promoting. Writing a book is easy, making it good is another thing. Promoting your book once written a hard task.
d) Building and selling social media profiles. Some people have done this successfully, and I will consider whether I think it possible to create a passive income business doing this. Maybe having a few profiles all working at promoting each other may be a start. It will need a lot of consideration.
e) E-commerce websites and dropshipping. Drop shipping from Alibaba is not as good as it once was as many people have become more astute when a website says up to a month for delivery. However, drop shipping from local manufacturers still has some potential.
f) Amazon private label. I know many people look at this as a means of passive income, and that there are plusses and minuses as the world becomes smaller and your product is easily copied.
g) Email marketing. There are still a lot of people who say that the money is in the list. Building a list in a particular niche is more important than just having numbers as uninterested subscribers will easily hit that unsubscribe button.
These are the main contenders that I feel have any possibility of meeting my requirements as possible contenders for my future 4-hour work week style business. I say ‘style’ because I want a business that will allow me to travel and stay in good accommodation, even if it is not 5-star.
What about a 15-hour work week?
I believe that I can eventually reduce my hours to around 15 hours a week. I can live with a 5-day weekend.
Do you think that you could find a way to earn a reasonable living, by putting in the hard yards to start your business and then slowly reducing your work hours so that you end up with a 5-day weekend?
Do you know anyone that you know who wants to reduce their work load over time in order to have a more leisurely lifestyle?
I would love it if you would share this post with your friends on social media and see whether they think that they could work a 4-hour work week, or perhaps even have a 5-day weekend.
If you have any thoughts, please leave them in the comments section below.
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