4hww – The Four Hour Work Week


I thought that with the monumental launch success with his latest book (The 4-Hour Body), that it was time for me to look back over ‘The Four Hour Work Week‘ and share a few thoughts on why I love the concept and how you can put it into action for yourself.

Who Is Tim Ferriss?

Timothy Ferriss is a two time New York Times best-selling author and here is a bio taken straight from his website:

Serial entrepreneur and ultravagabond Timothy Ferriss has been featured by dozens of media, including The New York Times, National Geographic Traveler, NBC, and MAXIM. He speaks six languages, runs a multinational firm from wireless locations worldwide, and has been a popular guest lecturer at Princeton University since 2003, where he presents entrepreneurship as a tool for ideal lifestyle design and world change.

I can’t remember exactly how I first came across the Four Hour Workweek (4HWW), but the content resounded with me and I found myself spending a lot of time researching if it was in fact possible and networking with people who were on the same journey as me and those who were already living the 4HWW.

What Is The 4HWW?

I guess with a sub title of: ‘Escape 9-5, Live Anywhere, and Join the New Rich’, there is sure to be a lot of interest in the book, but what exactly does the 4HWW ‘lifestyle’ actually pertain too?

The key points are:

  1. DEFINE What You Want
  2. ELIMINATE The Unnecessary
  3. AUTOMATE Your Income
  4. LIBERATE Yourself

Now, it is hard not to get caught up in the sensationalistic claims that Tim makes in the book, starting off with ‘working 4 hours a week’.

The truth is that even after you automate you income, you will still most likely be working a couple of hours each day – but the key here to create a quality of life that allows you to do the things that you want and not be controlled by ‘the man’ so to speak.

Where Has The 4HWW Taken Me?

Now I started reading the 4HWW about 6-12 months ago, and in September I started to look at ways to automate my income. Now I was already creating a nice monthly income from my websites – but the problem was that I had 1,000′s of subscribers expecting me to write new content on a regular basis – and to me, that isn’t passive income!

So I decided to take myself on an 8 month journey, to create a $1,000/month passive income from niche blogs – that once set up, would not require my constant updating.

In the first 3 months, I am about 15% of the way there, and learning a lot along the way.

But the lifestyle changes have been the biggest thing!

Before reading the 4HWW I was working insane hours on both my job and my websites. So much so, that I would barely have time to spend with my wife and daughter – and the time that I did spend with them I was always tired.

So I made the decision to start focusing my effort, working smarter – and being much more specific with my work (Grab my free GEOarbitrage ebook to learn how) – oh and finishing a lot earlier.

This has allowed me to spend a lot more time with my family, and I am loving life. We are also looking at opportunities to move overseas for a while and while the 4HWW can be seen as something that is unrealistic and over the top, it has allowed me to change the way I think – and I think that is what Tim is trying to make people do.

Fire Your Ebook Cover Designer!

Have you created a product and are now on the search for a great low cost ebook cover designer?

Can I encourage you to ditch that idea for just a couple of minutes to watch a video that I have created that may just change your mind.

I recently got my hands on this products that allows you to create your own ebook covers for one low cost (no matter how many ebook covers you make!).

The product is:

>> eCoverCreator3d

Be Your Own Ebook Cover Designer!

What Did You Think?

Doesn’t that make more sense then hiring someone for make them for you? You are going to save a bucket load in the end but using eCoverCreator.

Let me know if you check it out, but I have looked at a lot of the competition and this is THE BEST way to become your own ebook cover designer!

Normally when it comes to completing tasks I am a massive advocate of geoarbitrage and outsourcing jobs to odesk – but in this case, it makes much more sense to just do it yourself.

Thesis Skins For WordPress

Thesis SkinsWith WordPress quickly taking over the blogging industry, there has been a company that has tagged themselves along for the journey creating a framework that attaches itself to WordPress, called Thesis – that is now used by almost 30,000 bloggers!

The main problem I have with Thesis is that because there are not many bloggers who are also designers, and people are still scared of outsourcing jobs, we are starting to see a lot of blogs that look exactly the same!

Enter Thesis themes company ThesisAwesome – with some great Thesis skins!

ThesisAwesome Makes Awesome Thesis Skins!

Try saying that 5 times fast! But the truth is that if you are not a designer, then the best way to have a nice looking theme is to buy one. The only problem here is that a unique one is going to cost you $100′s and a premium thesis skin is most likely going to set you back $50+.

ThesisAwesome is a membership site that gives you a years access to ALL THEIR THESIS SKINS for just $29!

New Thesis Skins Each Month!

While there are currently only 4 Thesis skins available to download at the moment, the beauty of the 12 month membership is that you are promised new Thesis themes to download each month – for the next 12 months. Perfect for people who are using thesis to create multiple blogs!

Should You Get These Thesis Skins?

If you are currently running the Thesis WordPress framework on one or more of your blogs, then ThesisAwesome is a great way to access low-cost themes and I can just see them getting even better. So grab these Thesis skins and save yourself some money.

Thesis Skins

Is vWorker a Scam?

With my latest posts such as vWorker or oDesk, and vWorker Reviews, I am starting to get some people visiting my site because they are wondering is vWorker is a Scam. So I am going to tackle this thought in the same ways as my oDesk Scam post.

vWorker Scam

What Is vWorker?

Before we could even think about labeling something as a scam, we have to have a good understanding of what something actually is. So let’s take a closer look at vWorker.

vWorker.com is a dynamic online marketplace where 143,339 employers hire and manage 296,863 virtual workers to assist them in business and personal projects. Virtual workers span every country across the globe and every imaginable expertise, including computer programming, writing, graphic design, marketing and many more. vWorker.com offers the safety features and money-back/payment guarantees that allow thousands of these transactions to be done successfully every month.

When you search for vWorker reviews, you might have a bit of trouble finding out what people are saying about the company, because they have only just changed their name from RentACoder to vWorker.

Exherda Solutions (the company behind vWorker), explain the name change as:

We outgrew our name (Rent a Coder) a few years ago. Back in 2001 we were just coders, but now the site includes professionals of all types including: design, writing, personal assistants, paralegals, etc.. To reflect that, we’ve changed our name to vWorker (Via CodeItWell)

So Is vWorker A Scam?

When you look at the size of the online marketplace (143,339 employers  and 296,863 virtual workers), I find it hard that anyone could call vWorker a scam.

Sure there may be unscrupulous employers and virtual workers – that is the same with every freelance community. But that doesn’t mean vWorker is a scam. You would be surprised by the amount of work they have put in to help protect both employers and virtual workers from scammers – and I think they deserve some credit for this.

The key to avoiding scammers on any freelance community is to take advantage of the tools that are given to you.

  1. Check Feedback

  2. Ask For Examples Of Previous Work

  3. Hire On A Trial Basis

It really is that simple, but the problem is that a lot of people hire workers that have no history, or bad feedback (yet expect a good job).

vWorker is definitely not a scam, and if you are looking to outsource jobs overseas or find some freelance work, you should check them out!

=> Learn More About vWorker

vWorker Reviews – What Others Are Saying

My recent comparison of vWorker and oDesk has had quite a few people searching my site for vWorker reviews. So I have researched the internet and compiled a list of vWorker reviews by current (and previous) employers and workers on vWorker.
vWorker Reviews Image

vWorker Review 1: Telecommute FTW

They now boast close to 300,000 virtual workers and almost half as many employers. That’s one employer for every two workers! You have pretty good odds of finding some work if you’re even slightly above average in any field of work. Even though there does seem to be a lot of outsourcing going on there, there is still room for Americans to get plenty of real telecommuting possibilities. Many employers also specifically mention that they are long for someone they can trust to do long-term work, not just one or two projects.

=> Learn More About vWorker

vWorker Review 2: 1HRO

Vworker is a freelancing website that helps employers to find freelancers to do work for them. Businessmen are able to hire freelancers in various industries, including programming, editing, graphic design, writing, and publishing. The expansive community of freelancers that use Vworker, do so because it is the most respectable of the many freelancing markets.

=> Learn More About vWorker

vWorker Review 3: QuillForHire

vWorker.com is a good site to go to for work because there’s a lot of work there to be done and you get to set yourself up for free to start bidding. Everything is very binding there too which means it’s hard for either side to wiggle out of an agreement-everything has to be approved before money is put down and employers get a money back guarantee if there are problems.

=> Learn More About vWorker

vWorker Review 4: TV Bubble

Vworker has accrued a reputation as the website which best serves the freelancing community as well as the community of entrepreneurs that uses their services. Hundreds of thousands of freelancers and employers use Vworker on a fairly regular basis. Freelancers are particularly prevalent in the programming industry, but the industries of graphic design, editing, writing, and publishing are all prominent industries where freelancing exist, too.

=> Learn More About vWorker

vWorker Review 5: Affiliate Observatory

Rent a Coder was the first site i used for outsourcing, and till yesterday it had the charme of a craiglisting, with competitiors like oDesk and eLance it was very much needed that they changed the look and feel, i like the new design!

=> Learn More About vWorker

So, as you can see, even since their recent name change, there is a growing number of positive vWorker reviews popping up over the internet. If you are interested in becoming a freelancer or are looking to outsource jobs overseas, then sign up for an account with vWorker and start saving (or making) more money!

vWorker or oDesk | Which Freelance Marketplace Should You Use?

There are a lot of outsourcing marketplaces and communities made available to us, and sometimes it can get a bit confusing when it comes time to finding the right one for you personally. Today I want to put two of the bigger players face to face. vWorker or oDesk?

Let’s Look At The Contenders

vWorker

vWorker.com is a dynamic online marketplace where 143,207 employers hire and manage 296,636 virtual workers to assist them in business and personal projects. Virtual workers span every country across the globe and every imaginable expertise, including computer programming, writing, graphic design, marketing and many more. vWorker.com offers the safety features and money-back/payment guarantees that allow thousands of these transactions to be done succesfully every month. (Quoted from vWorker Website)

oDesk

oDesk is the marketplace for online workteams, with the best business model for both employers and contractors. Our unique approach guarantees to employers that an hour billed is an hour worked, while guaranteeing to contractors that an hour worked is an hour paid.

This win-win approach attracts more work to oDesk than to any other online work marketplace. Each month, thousands of companies of all sizes post jobs on oDesk, representing more than $65,000,000. (Quoted from oDesk Website)

So let’s take a closer look at each of them, and who they are best suited for.

1. Marketplace Size

The more workers in a marketplace the greater the competition – and if economics taught me one thing it was ‘supply and demand’. The greater the supply of workers, the lower the price becomes.

vWorker = 296,636 workers

oDesk = 679,485 workers [Read more...]

Proof That You Can Hire Staff For Under $2/hour Using oDesk! (Plus The How-To)

I have been receiving quite a few emails from people who have read my ebook ‘GEO Arbitrage‘ and the majority of them are saying,

‘I have had a look at jobs on oDesk and I can’t seem to find anyone paying $2/hour or less!’

A few of them have been written in a accusing tone, making me out as a liar and Odesk as a scam, but mostly it is from people who genuinely want to know if it is possible.

YES…You Can Hire Staff For Under $2/hr On oDesk

I wanted to attach an screenshot of my oDesk account, where it shows the amount I paid my employees this last week. This is quite a big thing for me, because in it, it has the names of my staff (which means you can check them up, and try and hire them!)

(Click Image To View Full Screen)

As you can see, my 3 staff range from $1.67, all the way down to just $0.83 per hour!

So that means it definitely is possible, but why are most people settling for paying workers extra?

The number one reason that people pay too much for staff on oDesk is that they let the workers set the price!

Tell me a company that when hiring, says to it’s candidates, ‘This is the job I want you to do, but I don’t have a set salary in mind, you tell me how much I have to pay you!’

Now I am sure there are some big companies who do this when head hunting, but for most jobs that you are hiring for on oDesk, it is like McDonalds asking its young staff to set their own wages – not smart!

The Only Reason That Pay Under $2/hour Is Because I Set A Limit!

In each of the jobs that I post on oDesk I set a maximum price that I am willing to accept and include this into my job description.

If I am looking for a link builder for one of my websites, I may include something like this into the job description:

Please keep bids under $2/hour, all job applications that have a bid over over this price will be automatically declined without reading!

This lets potential applicants know that you are serious, meaning they will put their best offer in.

It really is that simple:

If you don’t ask, you wont get!

So I encourage you, if you haven’t already, set up a free oDesk account, and see what kind of jobs you can outsource for $2/hour or less?

If you are up for the challenge, come back and post your results here, so that others can see!

The oDesk Scam: Really?!?!

I am surprised by the amount of people calling this scams without thinking. As I promote oDesk quite heavily through this blog I occasionally get an email titled: ‘oDesk Scam‘ where the writer goes on a massive rant about how they got ripped off on oDesk and how they will never use them again.

So I thought I would put my ’2 cents’ forward.

Is oDesk A Scam?

I am just going to jump straight into it and say an emphatic ‘NO’.

The people who regularly reference oDesk as a scam usually refer to being ripped off buy a buyer who didn’t pay, or a service provider who didn’t do the work they were hired for.I don’t know about you, but to me that is people who are ripping other people off – not oDesk.

Interesting Comparison

A local current affair tv show here in Australia recently ran a story on a Nigerian scam that would duplicate car listings in classified sections on regional newspapers and online classifieds, and people were purchasing these ‘cars’ sight unseen and only realized that they had been scammed after they had paid the money. The show rightly titled the ad posters as the scammers as the classifieds are just a marketplace to connect buyers and sellers – and it is the same with oDesk.

With the thousands of jobs being posted on a daily basis it would be impossible for oDesk to personally check over each one, and I don’t believe it is their job too.

It is the employer and service providers responsibility to make sure that they are working with reputable people and this isn’t really that hard: [Read more...]

Rent A Coder Changes Name To vWorker

Rent-A-Coder was one of the original freelance communities on the market and was know for specializing in he outsourcing of technology related tasks.

The big news recently is the rebranding of Rent-A-Coder to the new name of vWorker.

The new name ‘vWorker‘ stands for ‘virtual worker’ which the company states:

But today in 2010, the site is not just coders, but also graphic artists, writers, translators, marketers, personal assistants and numerous other types of workers. Our new name reflects that and reminds employers that they can find all kinds of talent here.

So if you haven’t been to RAC for a while, then sign up for an account with vWorker and see how much they have changed.