TMBA 094 (LBP84) – How To Live The “Four Hour Workweek” Dream And Make Money From Anywhere in the World

27 comments
TMBA 094 (LBP84) – How To Live The “Four Hour Workweek” Dream And Make Money From Anywhere in the World post image

This week, Dan and Ian talk about how you can get started living the “Four Hour Workweek”-dream and make money from anywhere in the world.

Listen to this podcast and learn:

  • How to get started with your “Four Hour Workweek”-business
  • How millionaires deal with their personal finances
  • Why you should quit your job
… and much more.

Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

Mentioned:

Call us with your questions or comments at 888-554-8428.

Episode length: 27:34

 

Download options:

If you’ve found the podcast at all helpful or entertaining, we’d love if you could click over to our iTunes page and give us a positive review. This will help us to get more listeners and invest more in the podcast! If you know some ways we can make it better, please send us an email. Dan at lifestyle business podcast . com.

Published on 12.08.11
  • Anonymous

    Loved that episode of Pat’s about webinars. I’ve done one and loved it. I plan on doing a ton more. Excited to hop on one of yours to see how fun you guys make it. Let me know if you want to do one together ;)

  • Anonymous

    Nice episode!

  • http://www.tropicalmba.com Dan

    word, we’ll hopefully be pulling one together next week with the adsense flippers guys!! i’m happy to be your hired gun anytime. will work for free! :)

  • http://www.tropicalmba.com Dan

    Nice pic! 

  • http://www.facebook.com/matjnewton Matthew Newton

    Hey guys

    Question regarding loans

    A couple of podcasts ago one of you said if you’re not willing to take on a debt for your business it’s not worth it?

  • http://www.tropicalmba.com Dan

    Debt is a tricky thing and can be really useful in business, but can also be a killer. In business situations, I’d focus on fast ROI situations like bridge loans to get a manufacturing business off the ground, and not seed funding or long term financing… I’d also in most cases avoid working off of a credit line. In the case of this episode I was talking about personal debt for stuff like cars, vacations, stuff like that. 

  • http://www.mattpaulson.com Matthew Paulson

    I would never borrow for business. Borrowing & VC money makes you real sloppy with how you spend it.

  • http://tigermuse.com Johan Woods

    Loved the practicality of this episode. You just confirmed and validated thoughts I’ve had for the past 2 years and stuff I’ve done which others (including some in the LD scene) deemed stupid, unnecessary, or crazy or all combined.

  • http://www.lifestylebusinesspodcast.com/ Ian

    Specifically, in a small business if you are using loans to pay for overhead you may be on a path of destruction. Most small businesses operate with an A/P, it’s usually unavoidable just based on the way businesses interact with each other .  But you want to watch you payables and determine if they are good or bad debt and make sure they don’t exceed your cash and A/R.  

  • http://www.facebook.com/matjnewton Matthew Newton

    Dan. Thought so but thanks, just wanted the clarity

  • http://www.tropicalmba.com Dan

    cheers! be sure to consider the possibility that you me and ian are all stupid, unnecessary, and crazy ! !   :P

  • http://twitter.com/SilverAntigen Ags

    Already quit my job and decided to finish school once and for all. I’m also making arrangements to start my own business (mostly learning the tools, saving up and planning my time).

    Question about loans: I was planning on buying land so I can eventually build a house. How bad would it be to acquire a reasonable amount of debt (loans) to obtain the land and build the house? Granted I plan on building once I finish paying for my piece of land. It is a 5 year plan as of now.

  • http://twitter.com/SilverAntigen Ags

    Oh, a way to get around gifts: I made my own to gift during holidays, weddings and baby showers. Merry Xmas, here’s a scarf/hat/something I made! Congratulations on your wedding, here’s an afghan or throw I made! Cute baby, here’s a burping cloth, clothes, blanket. — cheap way to keep people happy and the materials are usually $5-10.

  • http://tigermuse.com Johan Woods

    I think that’s a given, no matter what!

  • http://www.lifestylebusinesspodcast.com/ Ian

    Ags, that’s a hard question to answer but two alarms go off immediately in my mind: You have no job and no business.  Might have a hard time paying off a loan, let alone securing one.

  • http://www.tropicalmba.com Dan

    +1. That’s a Mr. Money Mustache move fo sho

  • http://www.tropicalmba.com Dan

    yeah depends how important owning a biz is to you. big asset purchases take a lot of time and resources. i’d rent a cheap, nice place and get hustlin’ on a biznass. tough to help here without more details.

  • http://www.tropicalmba.com Dan

    I agree here 98% of the time. We’ve taken bridge loans for manufacturing runs which worked out really well, but forcing yourself to not do this can often cause awesome innovations. One great story Joe and Justin told me the other day: the reason they started flipping sites was because Joe refused to infuse cash in to the business, so they needed to start selling some to fund their operation. They basically stumbled on to a more profitable model out of necessity of not taking financing. Very cool. 

  • http://twitter.com/DrMitchelMD Dr. Mitchel

    This little baby rocks.  Dig what you 2 are sharing here.  Thanks for all the effort on the podcast.  I’m always waiting for the next great episode as I forge a new existence from the 9-5 hell I’m trapped in.

  • http://www.tropicalmba.com Dan

    Cheers! Thanks for listening to the show man! 

  • Pingback: Episode 4 AdSense Flippers Podcast: How To Find And Fund Your True Passion | AdSense Flippers()

  • James

    One way to ‘hack’ the nine to five may be to find a job that involves a lot of waiting around. Never done it, though I remember a friend of mine who was a receptionist said that they use to get all their university homework done during work. Might work for a corner store in a quiet suburb as well.

  • http://www.tropicalmba.com Dan

    Yeah Ian often talks about this type of work as a possible hack as well, or taking a job like a bartender where you can make a living in a relatively short amount of time.

  • James

    Do you remember where Ian talks about this?

  • http://www.tropicalmba.com Dan

    No sorry :( I don’t think we’ve ever gone it too much depth about it really, it’s just the idea of being “all in” on your venture and many corporate gigs don’t allow you that amount of energy left over to do anything else.

  • James

    I thought I might add that in Australia, there is a government funded scheme that allows entrepreneurs to receive $250 a week for up to one year + a few weeks of training/mentoring (though it is competitive to get in). Maybe there is an American equivalent?

    I don’t know if you can work while doing the scheme, but it’s worth a shot at negotiating it, because If it can be combined with something else like a waiting around job (with 75% of the time spent waiting around) then you can get an after tax income of theoretically around $60 per hour with 10 hours spent on someone else’s business and 30 hours spent playing ‘longball’ on your own business.

    This is useful in the sense that the alternative to getting $60+ per hour might be to spend many years in a job working for the man.

    Could also ask customers if they would buy X with value added Y (some market research on the side)

  • http://www.tropicalmba.com Dan

    Interesting there James– I have met a lot of people who’ve taken advantage of programs like this.. seems to be that once folks fully opt-in to bootstrapping a start-up everything starts to look like a source of funding for runway :D

Next post: