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tuyop posted:It's practically useless unless you have a very specific skillset and ideals. If you're a knowledge worker who needs to help people face-to-face (think social workers, teachers, any medical professional) in order to feel worthwhile - which is most people in my experience - then outsourcing your life in order to satisfy your hedonistic desires will really not make you happy. This sounds like typical mind fallacy and I don't think it's true of most careers that people choose.
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May 30, 2014 17:16
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tuyop posted:It's practically useless unless you have a very specific skillset and ideals. If you're a knowledge worker who needs to help people face-to-face (think social workers, teachers, any medical professional) in order to feel worthwhile - which is most people in my experience - then outsourcing your life in order to satisfy your hedonistic desires will really not make you happy. Just because you can't or don't want to be Tim Ferriss doesn't mean that the book is useless. The constant lessons in applied automation - most memorably to me the idea that if people are coming to you for advice all the time, your workflow probably sucks - stick. In my experience, the only way past hedonism is through it - if you're tempted by material stuff you need to indulge in it to see that it's not the right end goal. This, I think, is why Ferriss recommends that people get exactly what they want immediately (such as by leasing that Mercedes) in a non-permanent way. If a thing is really important to you, it's probably cheaper to at least rent than you think, and it probably matters far less than you think. moana posted:Tim Ferris is an idiot and TFHW is a terribly saleable mix of common sense and braggadacio. I'd toss it in a furnace, but burning poison is supposed to be bad for your lungs, so No Wave fucked around with this message at 20:02 on May 30, 2014 |
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May 30, 2014 17:53
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Jeffrey posted:This sounds like typical mind fallacy and I don't think it's true of most careers that people choose. Well then take out "which is most people." I should probably hedge that with "which is most people who are actually conscious of exploring their ideals and the purpose of their lives" since that narrows the set a great deal. No Wave posted:In my experience, the only way past hedonism is through it - if you're tempted by material stuff you need to indulge in it to see that it's not the right end goal. This, I think, is why Ferriss recommends that people get exactly what they want immediately (such as by leasing that Mercedes) in a non-permanent way. If a thing is really important to you, it's probably cheaper to at least rent than you think, and it probably matters far less than you think. Yeah I can agree that this is a good way to learn, whatever your brand of hedonism is.
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May 30, 2014 19:49
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No Wave posted:Your concept of common sense is probably very different from most peoples'. If the book communicates the underlying attitudes of someone who makes $20k a month in side income (you), I take that as high praise. “Being able to quit things that don't work is integral to being a winner” “Poisonous people do not deserve your time. To think otherwise is masochistic.” “Alternating periods of activity and rest is necessary to survive, let alone thrive. Capacity, interest, and mental endurance all wax and wane. Plan accordingly.” “Different is better when it is more effective or more fun.” “Don’t follow a model that doesn’t work. If the recipe sucks, it doesn’t matter how good a cook you are.” "Focus on being productive instead of busy.” “If you spend your time, worth $20-25 per hour, doing something that someone else will do for $10 per hour, it's simply a poor use of resources.” “If you let pride stop you, you will hate life.” I don't even know what half of this is. The other half is boring rehashed motivational posters and common sense. Oh, poisonous people don't deserve my time? Wow, I didn't know that! Tim Ferris is a dolt who's made a shitton of money preying on people who want to be rich without working hard by pretending he doesn't work hard for his money. It's almost as bad as Rich Dad, Poor Dad. Not quite, but almost.
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May 30, 2014 20:23
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Those quotes, taken together, does make him sound a little manic. It sounds like he's one of those people who constantly has to be doing something. My mother-in-law is that way, which probably gives me a worse opinion of that personality trait than it deserves on it's own. Hey, moana, what happened to the romantic lit writers thread? I can't find it.
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May 30, 2014 20:34
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moana posted:Give me one quote from that book that's actually useful or insightful. Because here, let me copy-paste some completely idiotic useless quotes from his book just by randomly picking them off of Goodreads: To pick one that you quoted: quote:“Alternating periods of activity and rest is necessary to survive, let alone thrive. Capacity, interest, and mental endurance all wax and wane. Plan accordingly.” Four hour work week is how he gets peoples' interest, like how Millionaire Fastlane starts out about a Lamborghini. Also not sure why you're calling him a dolt. I mean there is a dude who posted a thread in BFC who said that he started a $200,000+ a year passive income business because he read the 4-Hour Workweek. Obviously not typical results, but I don't know what other evidence of its potential usefulness is required. And he's not the only one to have been influenced by the book. EDIT: quote:Doing less meaningless work, so that you can focus on things of greater personal importance, is NOT laziness. This is hard for most people to accept, because our culture [American] tends to reward personal sacrifice instead of personal productivity. quote:It's amazing how someone's IQ seems to double as soon as you give them responsibility and indicate that you trust them. quote:Being overwhelmed is often as unproductive as doing nothing, and is far more unpleasant. Being selective - doing less - is the path of the productive. Focus on the important few and ignore the rest. quote:Creating demand is hard. Filling demand is easier. Don't create a product, then seek someone to sell it to. Find a market - define your customers - then find or develop a product for them. No Wave fucked around with this message at 20:48 on May 30, 2014 |
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May 30, 2014 20:35
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Folly posted:Hey, moana, what happened to the romantic lit writers thread? I can't find it. No Wave, if his writing helps you, more power to you. He comes off as a slimeball to me, and people who are not me, and his book made me want to throw it across the room. It reminded me of that guy in Mystery Men that was always saying poo poo like "If you only work to live, you will always live to work." Just over and over and over, and talking about how much he doesn't work, which is just stupid. No Wave posted:If they're so obvious, why do I see them violated almost all the time? I actually liked reading The Millionaire Fastlane, despite the lolbertarian slant and victim blaming, because it gave me a really useful framework for assessing the passivity of different kinds of business systems and figuring out which side of the system (scale or magnitude) I could leverage most easily. Like, in one of his chapters he breaks down the following five types of systems and rates their passivity: 1. Rental Systems 2. Computer/Software Systems 3. Content Systems 4. Distribution Systems 5. Human Resource Systems That was actually a useful new framework of looking at things, and it helped me decide what I needed to do as a next step in my publishing business. If Tim Ferriss' book is the first time you're coming across the concept of "make sure your product fills a demand" then sure, it might help you. It would help you more to read The Lean Startup, since that book actually gives you a systematic process for figuring out whether your product fills demand, and gives you real ideas for how to assess demand, and has lists of questions you should be asking yourself in order to move forward and make decisions. Aphorisms are useless without a process to back it up. The Four Hour Workweek is half aphorisms, half bragging, and it's made Tim Ferriss much more money than his actual businesses ever did. I think that's sleazy as gently caress, and I just plain don't like the guy.
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May 30, 2014 21:24
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moana posted:If Tim Ferriss' book is the first time you're coming across the concept of "make sure your product fills a demand" then sure, it might help you. It would help you more to read The Lean Startup, since that book actually gives you a systematic process for figuring out whether your product fills demand, and gives you real ideas for how to assess demand, and has lists of questions you should be asking yourself in order to move forward and make decisions. There are a lot of books I mentally group together that represent that new sort of thought, which prizes experience and reality-testing over having great big ideas. I like Nassim Taleb's work the best by far. Also that is the strangest blog post to link to. It is entirely personal grievances against Tim Ferriss the person. That isn't a criticism of his book at all. moana posted:Aphorisms are useless without a process to back it up. The Four Hour Workweek is half aphorisms, half bragging, and it's made Tim Ferriss much more money than his actual businesses ever did. I think that's sleazy as gently caress, and I just plain don't like the guy. I wish you'd just started outright that you just didn't like him as a person so that I wouldn't have wasted everyone's time talking about ideas. No Wave fucked around with this message at 21:37 on May 30, 2014 |
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May 30, 2014 21:29
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No Wave posted:I totally disagree that aphorisms are useless without a process. quote:I wish you'd just started outright that you just didn't like him as a person so that I wouldn't have wasted everyone's time talking about ideas.
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May 30, 2014 21:45
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moana posted:Okay, so we just disagree about this. I hate books full of aphorisms with nothing to back it up. There are plenty of books filled with new ideas and good writing that I can look to for inspiration and TFHW is not one of them. I think both of our posts full of his quotes will let people in this thread know if they should bother reading the book or not. If there's nothing more you think is useful in his book apart from that then that pretty much sums up my point. But he did an A/B test and totally 'hacked' everyone by discovering that he sold 1.83% more books that way so FYGM??
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May 30, 2014 22:08
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From a few posts up...The last quote you gave is the most useful one, because it easily allows for the notion that his philosophy is good for some and not for others. I know a mechanic who tried to make that system work, felt "burnt out" trying to optimize his "empire" of grease monkeys under his thumb, and finally felt more satisfied when he scrapped 4 businesses and worked as a mechanic for someone else. He had the acumen, the motivation, and finances were no longer an issue...but he didn't enjoy any of it until he was doing what he had been doing in the first place. Maybe his interest waned, but I found it interesting that the burnout was from doing things the "successful" way. All quote marks are from how he described it to me, in as sarcastic a tone as it seems.
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May 31, 2014 15:45
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balancedbias posted:From a few posts up...The last quote you gave is the most useful one, because it easily allows for the notion that his philosophy is good for some and not for others. I know a mechanic who tried to make that system work, felt "burnt out" trying to optimize his "empire" of grease monkeys under his thumb, and finally felt more satisfied when he scrapped 4 businesses and worked as a mechanic for someone else. Sounds a bit like the story of the fisherman and the businessman, although I can't remember if it's also in the four hour workweek or if I heard it again more recently somewhere else.
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May 31, 2014 16:12
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balancedbias posted:From a few posts up...The last quote you gave is the most useful one, because it easily allows for the notion that his philosophy is good for some and not for others. I know a mechanic who tried to make that system work, felt "burnt out" trying to optimize his "empire" of grease monkeys under his thumb, and finally felt more satisfied when he scrapped 4 businesses and worked as a mechanic for someone else. a.) They're not making much more money after expenses rendering the effort pointless b.) They're not doing it with an eye towards early FI (whether that means hiring a manager, selling the business, or making enough money so fast that you just stop) It's only recently that b.) has entered the public consciousness. MMM was an internet sensation for a reason - peoples' minds are just blown by the concept. Our brains just skip over the idea. Even in Four Hour Work Week, Tim Ferriss took himself out of the process of his business almost accidentally.
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May 31, 2014 17:34
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SpelledBackwards posted:`the story of the fisherman and the businessman This is posted in every Jimmy John's, which I always find funny since there are few businesses that grind their employees harder than JJ's.
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Jun 1, 2014 04:41
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Mr Money Mustache is getting trolled by a fake non-reader right now and doesn't seem to realize it.
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Jul 18, 2014 17:35
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GoGoGadgetChris posted:Mr Money Mustache is getting trolled by a fake non-reader right now and doesn't seem to realize it. Got a link? I don't see anything obvious on the front page, hopefully it wasn't removed. EDIT: nevermind found it, http://www.mrmoneymustache.com/2014/07/17/is-mr-money-mustache-ruining-your-marriage/
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Jul 18, 2014 17:38
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Frankly, the email in his post his so automatically offensive to the women who read his that he couldn't have found a better post to draw more women into the comments on his side. No, I don't think MMM setup a false flag. But a lovely troll is a drat good straw-man. Also, it turns out that I react with irrational anger towards abbreviations like DH = Darling Husband. I don't know why.
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Jul 18, 2014 17:53
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Folly posted:Frankly, the email in his post his so automatically offensive to the women who read his that he couldn't have found a better post to draw more women into the comments on his side. No, I don't think MMM setup a false flag. But a lovely troll is a drat good straw-man. That bit about SUVs seeing two cars ahead being a major selling point had me roll my eyes pretty hard. Seems like he's being trolled or using a sockpuppet to create content for a blog post. I'm a cynical rear end in a top hat though.
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Jul 18, 2014 18:29
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I don't understand his rationale that "it can't be a troll because less people read this site than reddit!" You have been featured on TV and multiple mainstream websites and your site periodically chokes to death temporarily despite claiming you're dumping a lot of money on servers. You're not underground dude. It's an obvious troll.quote:Also, it turns out that I react with irrational anger towards abbreviations like DH = Darling Husband. I don't know why. I hate DH as well and for awhile wondered if it was some euphemism for some other kind of partnership arrangement before I knew what it stands for. Just pretend it stands for designated hitter, that's what I do.
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Jul 18, 2014 18:37
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Nail Rat posted:I don't understand his rationale that "it can't be a troll because less people read this site than reddit!" You have been featured on TV and multiple mainstream websites and your site periodically chokes to death temporarily despite claiming you're dumping a lot of money on servers. You're not underground dude. It's an obvious troll. Read that as Designated Hitler and it made just as much sense in your sentence.
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Jul 18, 2014 18:39
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silvergoose posted:Designated Hitler
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Jul 18, 2014 18:43
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silvergoose posted:Read that as Designated Hitler and it made just as much sense in your sentence. glad i'm no longer alone
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Jul 18, 2014 18:47
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The Designated Hitler will round up all pitchers and permanently relocate them to the place they belong on the mound. e: No wait, he'll lock them up in the bullpen. e2: Okay okay now I've got it: "By order of the Designated Hitler all pitchers are to report to the bullpen immediately for Processing." Shear Modulus fucked around with this message at 19:35 on Jul 18, 2014 |
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Jul 18, 2014 19:24
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Franz called in sick and will be out today, leaving us without our lead actor, this is an emergency, has someone called the designated hitler? In short, I agree with Cicero.
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Jul 18, 2014 19:25
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GoGoGadgetChris posted:Has anybody read the Four Hour Workweek? I'm halfway through and can't tell if I want to finish it or toss it in a furnace. His approach to FI appears to be "Hire India to live for you and sell workout supplements online" There are nuggets of wisdom hidden within mounds of poo poo. I enjoyed it though. The specific ideas are poo poo, but it was my introduction to the general idea of Financial Independence as a thing. It was always a loose idea i had in my head, that book just helped give it form. I honestly don't think he enjoys his life, based on what I read in that book. All of the things he does for "fun" sound like stuff from a checklist that he wants to whip out and impress people with.
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Jul 19, 2014 20:15
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The designated hitler is the guy at the hitler party who makes sure everyone stays in character. And gets home safe.
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Jul 20, 2014 00:45
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tuyop posted:The designated hitler is the guy at the hitler party who makes sure everyone stays in character. So he's the Nazi Nazi?
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Jul 20, 2014 01:13
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Inverse Icarus posted:using a sockpuppet to create content for a blog post. I thought the exact same thing.
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Jul 20, 2014 17:30
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If anything I just wish I was able to make money using cheap tricks like that. E. loving tablet autocorrect can't spell for poo poo Guest2553 fucked around with this message at 00:05 on Jul 22, 2014 |
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Jul 20, 2014 18:46
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poopinmymouth posted:I thought the exact same thing. I'm not quite on that wagon, and I'll explain why. I mean, assuming the whole website isn't a complete farce, then it's not like the guy needs the money AND his core philosophy is about ignoring the poo poo you don't need. So if it's fake, it's most likely just laziness. If so, why make it so long? Basically, none of it adds up well enough for me to distrust it, especially given the number of times we've seen this same basic argument on /r/personalfinance. If anything is fake, the most likely part would be that he got it in an email instead of finding it on some forum editing it to make it look like an email. And it seems too long even for that. I mean, if he copies too much then you can probably plug it in to google and find where it came from. He's got to know that. To try and kill a derail, we just replaced the two of our toilets that had a 3.5 gallon flush. Despite the amount of water they used, the 40 year old engineering on them was bad enough that they still clogged regularly. The best part? My wife decided that she wanted to do the work so that she knew how. And she did. I only helped to lift the old one out. I have no idea how long it will take them to pay for themselves because it's not easy to estimate toilet use. These are the two most used toilets in the house: the upstairs hallway toilet and the main floor toilet. Next up: Adding insulation to the attic.
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Jul 21, 2014 14:22
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Folly posted:I'm not quite on that wagon, and I'll explain why. I mean, assuming the whole website isn't a complete farce, then it's not like the guy needs the money AND his core philosophy is about ignoring the poo poo you don't need. So if it's fake, it's most likely just laziness. If so, why make it so long? Basically, none of it adds up well enough for me to distrust it, especially given the number of times we've seen this same basic argument on /r/personalfinance. If anything is fake, the most likely part would be that he got it in an email instead of finding it on some forum editing it to make it look like an email. And it seems too long even for that. I mean, if he copies too much then you can probably plug it in to google and find where it came from. He's got to know that. Wait... You replaced them. With what? PLEASE BE BUCKETS AND SAWDUST
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Jul 21, 2014 15:39
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tuyop posted:Wait... You replaced them. With what? HAH! Sorry man, I'm just not on your level. We got a couple of 1.25 GPF toilets.
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Jul 21, 2014 20:25
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Did not think I'd have something to contribute to toilet chat, but my fiancee and I just halted some major toilet overflowing without calling an off-hours plumber. And then I biked to CVS to buy store brand cleaning supplies. 
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Jul 22, 2014 01:35
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My U-lock for the commuting bike is getting rusted out because of rain so I'm going to try and use some olive oil/dry bike lube to see if it can get going again. New lock are for poor people. reflex fucked around with this message at 22:59 on Jul 22, 2014 |
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Jul 22, 2014 14:52
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After learning about the horrors of high-fee investing, I recently moved my investments out of Edward Jones to TD Direct Investing. I'm happy so far. Just now I decided to check my transaction history in Edward Jones to see exactly what funds my adviser was purchasing on my behalf. Here's what he seemed to have a hard-on for before I left: MACKENZIE CANADIAN ALL CAP DIVIDEND FUND SERIES A code:Rick Rickshaw fucked around with this message at 16:22 on Jul 24, 2014 |
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Jul 24, 2014 16:16
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Rick Rickshaw posted:After learning about the horrors of high-fee investing, I recently moved my investments out of Edward Jones to TD Direct Investing. I'm happy so far. Yes, they're terrible. The Management Fees should be a portion of the MER if that is what they are reporting, so you're losing 2.35%/annum in that fund; 1.85% of that is the management fees, 0.5% are other operating expenses. Compare that to something like one of Vanguard's index funds with a total expense ratio of 0.1-0.2% and you're an order of magnitude of expense beyond where you need to be. Generally the return of any fund is going to be variable, but the expense ratio will be far less so, so optimizing that down will over time tend to give you better results.
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Jul 24, 2014 16:38
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Dwight Eisenhower posted:Yes, they're terrible. Insanity. Turns out I'm averaging 0.38% with TD, with commission-free trades. So 0.38% vs 2.35%.
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Jul 24, 2014 17:39
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Man, using TD's mutual fund switching thing with my LIRA is way worse than using an actual trading platform through QT. That's all, really.
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Jul 24, 2014 17:57
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reflex posted:My U-lock for the commuting bike is getting rusted out because of rain so I'm going to try and use some olive oil/dry bike lube to see if it can get going again. New lock are for poor people. Buy some wd40 and dont be a cheapskate. Keetron fucked around with this message at 08:31 on Jul 25, 2014 |
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Jul 25, 2014 08:18
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GoGoGadgetChris posted:Has anybody read the Four Hour Workweek? I'm halfway through and can't tell if I want to finish it or toss it in a furnace. His approach to FI appears to be "Hire India to live for you and sell workout supplements online" I am going to write a book called "The Eighty Hour Workweek" When you open it up the first page says "Get back to work" The other pages are blank.
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Jul 25, 2014 16:58
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