Most Helpful Customer Reviews
|
|
1,304 of 1,371 people found the following review helpful:
3.0 out of 5 stars
For Sale: One Bridge in Brooklyn --EZ Payments, June 12, 2007
Well,
Where to begin? I actually had fun reading this book, to be honest. It is, if nothing else, a bit inspirational and motivational. To the author's credit he has (and I have emphasized this before) come up with a catchy title and gimick to sell you a book--good for him. What's inside, though, are things that you can find better handled by other authors in other books.
In the first part of the book one can't help notice what a great guy the author is. We notice this becasuse he tells us. We are to believe that he has gone through the Hero's Journey and back again before his late 20's. Now, dear reader, he has distilled the fruits of his vast experience and wisdom into this little gem. Read it, and you will never have to work again. Just be sure to purchase with the 8 minute ab workout.
We get a lesson on the Pareto Principle. If you have never heard of the Pareto Priciple before (otherwise known as the 80/20 rule) you should go back to junior high. BTW, Brian Tracy has discussed this principle and its implications ad nauseum. The author would have us believe that he personally redicovered in some forgotton tome (probably while motorcycle kung-fu rock climbing in Bora Bora--between kendo lessons) and was just about the first to ever apply it to his life.
Later in the book we get some basic info (all easily found in more detail in other books) about starting a web business, outsourcing your workload, etc.
I can appreciate some of this as I had a web business for several years. This section of the book is an interesting read, but little more. If anything, maybe it will inspire someone else to get started on their own enterprise. And that's perfectly fine. If the author accomplishes this, then good. After all, I don't necessarily think that he's a bad guy, just a shameless self promoter and a bit of a charlatan.
Authors such as Ferriss are common: someone falls a** backwards into a relatively easy existence and then decides that they are experts and proceeds to seel their "secret" to success to everyone else--which helps them get REALLY successful. But here's the deal: One hit wonders are not experts. When you've started 4 or 5 businesses and grown each of them to the point where they are self sufficient, THEN you can call yourself an expert. Striking it lucky one time in stocks, real estate during a bubble, or starting one business do not constitute experience.
In the end, I think that the author does his readers a bit of a disservice by telling them that work is not necessary to be financially successful. I have known both success and failure. I have seen others go, literally, from rags to riches (and sometimes back again). Over the years I guess I have given this subject some thought. My conclusion is that you will not get there (wherever "there" may be for you) by working four hours per week. Vision, hard work, and persistence are the 3 main "secret" ingredients for success. Just as exercise and eating right are necessary to be in shape. But telling people this doesn't sell books.
P.S. Can't help noticing how many 5 star reviews there are for this book from people who have only written one review. Hmmm...
|
|
|
204 of 216 people found the following review helpful:
4.0 out of 5 stars
Get "old rich" writing a book about the "New Rich"!, June 27, 2007
Ultimately I enjoyed the first half of Timothy Ferriss' book The 4-Hour Work Week. It challenged me to evaluate my perspective on the cost and availability of my own dreams. However I couldn't help getting the self-promotion stomach pangs while I read it. Hopefully you'll be able to look past that and enjoy the book for what it is: a challenge to the way we as Americans think of retirement and money.
The first 70 to 90 pages of the book are extremely engaging and well worth the price of the book. After that the book turns into a "lifestyle-for-dummies" book on setting up a shell company to sell someone else's products. Although I find it noble that Ferriss is attempting to give people pragmatic steps for implementing his "New Rich" lifestyle, I also find his suggestions impractical for two reasons:
* His business ideas rely on tiny, niche audiences. This works well unless his book becomes a best seller and many people decide they want to do the same thing (can you say, We Buy Ugly Houses?). Anyone who figures out how to make 5 or 10 times their money on a product that they exert little effort to produce will quickly find competition popping out of the woodwork.
* His business ideas are not sustainable. They rely on marketing strategies and promotions that have to work forever without any change to profitability or response rates, in order to maintain the "4-hour work week" lifestyle. In my experience the market is fickle and changes frequently, especially as it relates to the internet and online marketing.
I can't help but think that the entire "New Rich" concept is a branding ploy to roll out a series of self-help seminars. Let's hope not. If it does, it will distort the message of the book, for it would require that Ferriss trade in his "New Rich" lifestyle to be back in the rat race on a quest for the millions that he claims are not necessary to achieve one's dreams.
Perhaps that's the real lesson to be learned from the book: no matter where you are, the grass always seems greener on the other side.
Jeremy Ames, Executive Editor
|
|
|
422 of 457 people found the following review helpful:
2.0 out of 5 stars
21st Century Snake-Oil Salesman, May 15, 2007
First, I have to say that I was very enthusiastic about the first part of this book, as Tim suggests that people should consider other ways of living their life instead of working hard toward an eventual retirement. But later I realized after reading the book that the "live your life now, don't wait until later" concept is not new, and has been preached by everyone from philosophers to life coaches for decades now. [...].
Second, while the advice he has for people who already have a business is good (automating certain administrative tasks, checking e-mail less frequently even if you think your world might end if you do that), the ideas he dishes out to would-be entrepreneurs is much more troubling. Specifically product development, which he labels "finding a muse", could mislead some people into believing that you can make an instant-business every month with the help of affiliate marketers, drop shippers, and faking credibility (just check the forums on the book's website). Many things he suggests doing just contributes to the amount of crap we see every day on the internet and in infomercials, and probably isn't a very rewarding way for an entrepreneur to live their life or make their money. It's the equivalent of a how-to-become a 21st century snake oil salesman.
Finally, I know there is a lot of criticism about his ideas on outsourcing tasks, but we live in an outsourced world. The shirt your wearing was made in Indonesia, your fruits and vegetables were picked by migrant workers from Mexico, and your computer that you're reading this from right now was manufactured in China. Adjusted for the cost of living, the Indonesians, Chinese, and Indians make a good amount of money doing what they do to live the "middle-class" versions of their lives in their respective countries, just as you do mundane tasks and get paid much less than corporate shareholders to live the middle-class life in your own country. So don't talk about outsourcing as if it's a bad thing, cause if I can pay Jimmy down the street to mow my lawn for less than a landscaping service, he's gonna get that ten dollars so I can have the extra cash to buy Tim's book and waste time writing a bad review of it on Amazon.
|
|
|
Most Recent Customer Reviews
|
by Timothy Ferriss
by David J. Schwartz
