& Personal Finance Links
“Do not expect work to fill a void that non-work relationships and activities should. Work is not all of life. Your co-workers shouldn’t be your only friends. Schedule life and defend it just as you would an important business meeting. Never tell yourself “I’ll just get it done this weekend.” Review Parkinson’s Law in 4HWWand force yourself to cram within tight hours so your per-hour productivity doesn’t fall through the floor. Focus, get the critical few done, and get out. E-mailing all weekend is no way to spend the little time you have on this planet. —
It’s hip to focus on getting things done, but it’s only possible once we remove the constant static and distraction. If you have trouble deciding what to do, just focus on not doing. Different means, same end.” From the Not To Do List at Tim Ferris; 9 Habits to Stop Now, by author of the 4 Hour Work Week
I read the book The 4 Hour Work Weekseveral years ago, and have been thinking about it ever since; not because I think it’s a great book, but because I think the title is hyperbolic and the premise is impossible. That said, I enjoyed reading the book as well as checking out Ferris’ website. In the highlighted quote, it’s a no brainer to focus on the tasks that bring the most benefit in your life. And why not enjoy life in your leisure time? But can’t work be fun too?
Who is Doing the Housekeeping?
Ferris’ ideas leave out some important realities. Who is going to do the dishes and the laundry? Who is going to pay the bills, tidy up the mess, and scoop the cat litter?
Life is consumed with housekeeping chores. These small chores, whether at work or at home are unavoidable. Many cannot be outsourced. I’d love someone to brush my teeth and wash my face every night. I wouldn’t mind someone washing my hair and styling it every few days. Is there someone out there who will run to the store for a few apples and a container of milk? Well, yes there is, but it will take almost as much time to line up the help as it will to run in and make the purchase.
At work, I need to organize my files. As a portfolio manager, I must update the investments in my portfolio. As a finance professor, no one is going to prepare the PowerPoint slides for me or grade the assignments. Those duties must be performed so I am ready to teach the class.
Not only do I think the 4 hour work week is absolutely impossible, I’d be hard pressed to get all my work done in a 4 hour work day. What about you?
How about kicking back and reading some great articles from across the web?
Barb Recommends Personal Finance Reading
Payment plans can increase the cost of your auto insurance. Check your math and see if you’re paying more over the year for convenience of monthly installments at Insure.com.
Should I use my savings to pay down my mortgage?
If you’re earning little interest on your savings, you may be better
off paying down a higher interest mortgage.
The Money Fix winner: How I bought my first house
J.D. Roth coached the winner of Daily Worth’s “The Money Fix” so she
could buy her first house. See what steps she took.
10 things I learned from my evacuation
HSH contributor Gina Pogol was forced from her home during a wildfire.
Here’s what she learned.
How long should you keep your tax records if you…?
“Forgot” to report all of your income? Filed a claim for a bad debt
deduction? Hang on to that pile.
Best cash-back credit cards for February 2012
Cash-back cards are the most popular type, but are they all equal?
How risky would the end of the euro be?
Richard Barrington, CFA, explains what might happen if the euro is abandoned.
Barb Friedberg Across the Blogosphere
- Cavalcade of Risk Carnival at Wealth Builder
- Totally Money Blog Carnival, Editor’s Pick at Family Money Values
- Carnival of Personal Finance at Money Q & A
- Rambling Fever linked to my Pareto Principle article
- Self Directed Investing for Retirement Carnival at Arbor Financial
- Wise Bread linked to my Collaborative Consumption article
IS THE 4 HOUR WORK WEEK POSSIBLE?
image credit; graffink