Tuesday, July 27, 2010

The 4 Hour Workweek: Is it a scam?


This article is a response to a comment made about my last article which was a review and recommendation to read a book entitled "The 4 Hour Workweek" by Timothy Ferriss (http://reynold-savemoney.blogspot.com/2010/07/4-hour-workweek.html).

A dedicated reader wrote to me asking "He can't be a millionaire? according to old times u had to work at least 12 hrs/day for a good while but with a computer u can scam people & be one in an hour?"

I'd like to address the questions that were in this comment. Firstly, I believe Timothy Ferriss was making a decent income off of the internet company he created by selling body building supplements online, over the phone and by mail order. I don't believe he became a millionaire from the profit he made from selling these supplements. Timothy became a millionaire by selling the business he built.

Secondly, although the title of the book is the "The 4 Hour Workweek", don't be disillusioned by the amount of time it took Timothy to build this business. To create a business like this takes a lot of time and hard work. The business he built was not built in 4 hours. So, although his workweek was cut down to 4 hours once the proper business systems were in place, there were times in the infancy of the business where Timothy probably worked greater than 12 hours in a day. The basis of Timothy's book is not in scamming people but creating an efficient business system by utilizing modern technology.

P.S. If you plan to read "The 4 Hour Workweek" be sure to visit your local library to see if they have a copy. (http://reynold-savemoney.blogspot.com/2010/07/free-books-magazines-dvds-and-music-cds.html)

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