Comments on: 5 Steps to Achieving the 24-hour Work Week (Which Beats The 4-Hour Work Week) http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/ Money Management and Personal Finance | The Dough Roller Mon, 13 Feb 2012 05:44:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Garrett http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/comment-page-1/#comment-17273 Garrett Mon, 25 Jan 2010 12:13:00 +0000 http://www.doughroller.net/2007/08/02/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/#comment-17273 I work 4 days, 24 hours a week....however, I am an American teaching English in South Korea. One of the reasons I decided to stay here is to work 4 days, 24 hours a week and my take home pay is $2,250 after taxes. My comment is to show you can also find these opportunities thinking outside the box. I work 4 days, 24 hours a week….however, I am an American teaching English in South Korea. One of the reasons I decided to stay here is to work 4 days, 24 hours a week and my take home pay is $2,250 after taxes. My comment is to show you can also find these opportunities thinking outside the box.

]]> By: Empress Juju http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/comment-page-1/#comment-6921 Empress Juju Wed, 02 Apr 2008 19:42:13 +0000 http://www.doughroller.net/2007/08/02/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/#comment-6921 Thank you for the link to the tax calculator, because I have always tended to think in gross numbers. It was enlightening to see a number closer to the real difference I'll be living with when I take this leap! Thank you for the link to the tax calculator, because I have always tended to think in gross numbers.

It was enlightening to see a number closer to the real difference I’ll be living with when I take this leap!

]]> By: Homeybiz http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/comment-page-1/#comment-6379 Homeybiz Sun, 24 Feb 2008 14:52:54 +0000 http://www.doughroller.net/2007/08/02/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/#comment-6379 DR, Thanks for putting up an informative blog. I came back to this post based on your recent post on Tim Ferriss' book. What I found interesting about the book is that your ability to implement his plan does not depend the vagaries of any investment sector. Although those who have been in real estate for awhile have done well and may continue to do well, I am concerned that new investors are coming into the real estate market as the bubble has popped. It may be awhile before those with little capital can make a living from real estate (just look at NASDAQ.) Although I happen to believe that commodities are next big thing, Tim does not push any investment except into one's self and a sustainable online business. I'll keep you informed on whether it works or not. DR,

Thanks for putting up an informative blog. I came back to this post based on your recent post on Tim Ferriss’ book. What I found interesting about the book is that your ability to implement his plan does not depend the vagaries of any investment sector. Although those who have been in real estate for awhile have done well and may continue to do well, I am concerned that new investors are coming into the real estate market as the bubble has popped. It may be awhile before those with little capital can make a living from real estate (just look at NASDAQ.) Although I happen to believe that commodities are next big thing, Tim does not push any investment except into one’s self and a sustainable online business. I’ll keep you informed on whether it works or not.

]]> By: Millionster http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/comment-page-1/#comment-942 Millionster Wed, 19 Sep 2007 19:30:38 +0000 http://www.doughroller.net/2007/08/02/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/#comment-942 The 4 hour work week book -- that was an interesting read but probably geared towards more aggressive thinking. Some of my side biz stuff that I put less than 1 hour in a week have been giving me an increasing return of $100 more a month, and some creative tweaking brought it up to $200 more a month. This month, actually I havent done a damn thing, and I still made money. How awesome is that? Real wealth is about getting your time back. I'd love to have a 24-hour work week, and a 4-hour work week. The book and your post demonstrate they are both attainable. The 4 hour work week book — that was an interesting read but probably geared towards more aggressive thinking. Some of my side biz stuff that I put less than 1 hour in a week have been giving me an increasing return of $100 more a month, and some creative tweaking brought it up to $200 more a month. This month, actually I havent done a damn thing, and I still made money. How awesome is that? Real wealth is about getting your time back. I’d love to have a 24-hour work week, and a 4-hour work week. The book and your post demonstrate they are both attainable.

]]> By: DR http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/comment-page-1/#comment-497 DR Fri, 03 Aug 2007 00:56:51 +0000 http://www.doughroller.net/2007/08/02/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/#comment-497 Lazy Man, thanks for the great comment. On real estate, I've actually had some success. A business partner and I now own four single family homes in Ohio that all are generating positive cash flow, and we put very little down. We purchased the properties from HUD at great discounts. I'm working on some posts to describe just how we did it, and plan to post the articles in the next week or so. Lazy Man, thanks for the great comment. On real estate, I’ve actually had some success. A business partner and I now own four single family homes in Ohio that all are generating positive cash flow, and we put very little down. We purchased the properties from HUD at great discounts. I’m working on some posts to describe just how we did it, and plan to post the articles in the next week or so.

]]> By: Lazy Man and Money http://www.doughroller.net/retirement-planning/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/comment-page-1/#comment-496 Lazy Man and Money Thu, 02 Aug 2007 22:15:53 +0000 http://www.doughroller.net/2007/08/02/5-steps-to-achieving-the-24-hour-work-week-which-beats-the-4-hour-work-week/#comment-496 I loved this article and not just because you linked me in it. I haven't read the book, but indeed 4-hours is a little extreme unless all your income is passive or nearly passive as you mention. I should make mention that my income streams are far from passive. I'd like to have a lot more just coming from investments, but I don't have the kind of capital for that to happen. It's contributing, but it's not going to equal day job until I'm ready to retire. I've decided to give blogging and real estate a shot. Real Estate isn't really working out so well - it seems that there are a lot of people playing that game and there are few properties that you could rent out for more than the mortgage, taxes, expenses, etc. We still have two investment properties (place we owned to live in originally, but have moved on for higher paying jobs), but they are currently break even at best. Over time, with inflation, we expect that we'll be able to charge more while the tenants pay off our mortgages. At the end of 30 years, we'll be making some good nearly passive income from them - or we can sell them. We might be able to make more in the equities market, but I'm unsure. Leverage is on our side for now. I look at it as a hedge against the markets, which we also invest in. The most successful of my alternative incomes is my blogging - however it's also the least passive. I tend to spend 3 hours a day on it on most days. Much of that is networking with other bloggers which I have found has it's own benefits. There are a lot more benefits which I posted on my blog at one point. The biggest thing is that I don't consider it work. I enjoy discussing things and commenting on other blogs like I'm doing right now. When you really enjoy your job, it's not work. And the flexible hours really can't be beat. The pay isn't good at all, but it's getting better each month. I've only been at it for a little over a year and it's starting to be a significant part of my income. I try to imagine what it might be like in 5-10 years even if the growth slows. Perhaps by that time, I'll be relaxing in Mexico with a Corona able to earn a living with a couple of hours of day of writing. We shall see. I loved this article and not just because you linked me in it. I haven’t read the book, but indeed 4-hours is a little extreme unless all your income is passive or nearly passive as you mention. I should make mention that my income streams are far from passive. I’d like to have a lot more just coming from investments, but I don’t have the kind of capital for that to happen. It’s contributing, but it’s not going to equal day job until I’m ready to retire. I’ve decided to give blogging and real estate a shot.

Real Estate isn’t really working out so well – it seems that there are a lot of people playing that game and there are few properties that you could rent out for more than the mortgage, taxes, expenses, etc. We still have two investment properties (place we owned to live in originally, but have moved on for higher paying jobs), but they are currently break even at best. Over time, with inflation, we expect that we’ll be able to charge more while the tenants pay off our mortgages. At the end of 30 years, we’ll be making some good nearly passive income from them – or we can sell them. We might be able to make more in the equities market, but I’m unsure. Leverage is on our side for now. I look at it as a hedge against the markets, which we also invest in.

The most successful of my alternative incomes is my blogging – however it’s also the least passive. I tend to spend 3 hours a day on it on most days. Much of that is networking with other bloggers which I have found has it’s own benefits. There are a lot more benefits which I posted on my blog at one point. The biggest thing is that I don’t consider it work. I enjoy discussing things and commenting on other blogs like I’m doing right now. When you really enjoy your job, it’s not work. And the flexible hours really can’t be beat. The pay isn’t good at all, but it’s getting better each month. I’ve only been at it for a little over a year and it’s starting to be a significant part of my income. I try to imagine what it might be like in 5-10 years even if the growth slows. Perhaps by that time, I’ll be relaxing in Mexico with a Corona able to earn a living with a couple of hours of day of writing. We shall see.

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