The 4-Hour Workweek (29 page)

TOOLS AND TRICKS

Considering Options and Pulling the Trigger

I-Resign (www.i-resign.com)

This site provides everything from non-quitting options (work-leave, vacations) to sample resignation letters and second-life job-hunting advice. Don’t miss the helpful discussion forums and hysterical “web consultant from London” letter.

Opening Retirement Accounts

If you want an adviser and don’t mind some fees:

Franklin-Templeton (www.franklintempleton.com) (800–527–2020)

American Funds (www.americanfunds.com) (800–421–0180)

If you will do your own investing and want no-load funds:

Fidelity Investments (www.fidelity.com) (800–343–3548)

Vanguard (www.vanguard.com) (800–414–1321)

Health Insurance for Self-employed or Unemployed (in descending order of reader endorsement)

Ehealthinsurance (www.ehealthinsurance.com) (800–977–8860)

AETNA (www.aetna.com) (800-MY-HEALTH)

Kaiser Permanente (www.kaiserpermanente.com) (866–352–0290)

American Community Mutual (www.american-community.com) (800–991–2642)

EMBRACING THE MOBILE LIFESTYLE

Before the development of tourism, travel was conceived to be like study, and its fruits were considered to be the adornment of the mind and the formation of the judgment.

—PAUL FUSSELL, Abroad

The simple willingness to improvise is more vital, in the long run, than research.

—ROLF POTTS, Vagabonding

Upon Sherwood’s return from Oktoberfest, dazed from killing neurons but the happiest he’s been in four years, the remote trial is made policy and Sherwood is inducted into the world of the New Rich. All he needs now is an idea of how to exploit this freedom and the tools to give his finite cash near-infinite lifestyle output.

If you’ve gone through the previous steps, eliminating, automating, and severing the leashes that bind you to one location, it’s time to indulge in some fantasies and explore the world.

Even if you have no ache for extended travel or think it’s impossible—whether due to marriage or mortgage or those little things known as children—this chapter is still the next step. There are fundamental changes I and most others put off until absence (or preparation for it) forces them. This chapter is your final exam in muse design.

The transformation begins in a small Mexican village, in a parable that’s been shared in various forms around the world.

Fables and Fortune Hunters

An American businessman took a vacation to a small coastal Mexican village on doctor’s orders. Unable to sleep after an urgent phone call from the office the first morning, he walked out to the pier to clear his head. A small boat with just one fisherman had docked, and inside the boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish.

“How long did it take you to catch them?” the American asked.

“Only a little while,” the Mexican replied in surprisingly good English.

“Why don’t you stay out longer and catch more fish?” the American then asked.

“I have enough to support my family and give a few to friends,” the Mexican said as he unloaded them into a basket.

“But … What do you do with the rest of your time?”

The Mexican looked up and smiled. “I sleep late, fish a little, play with my children, take a siesta with my wife, Julia, and stroll into the village each evening, where I sip wine and play guitar with my amigos. I have a full and busy life, señor.”

The American laughed and stood tall. “Sir, I’m a Harvard M.B.A. and can help you. You should spend more time fishing, and with the proceeds, buy a bigger boat. In no time, you could buy several boats with the increased haul. Eventually, you would have a fleet of fishing boats.”

He continued, “Instead of selling your catch to a middleman, you would sell directly to the consumers, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village, of course, and move to Mexico City, then to Los Angeles, and eventually New York City, where you could run your expanding enterprise with proper management.”

The Mexican fisherman asked, “But, señor, how long will all this take?”

To which the American replied, “15–20 years. 25 tops.”

“But what then, señor?”

The American laughed and said, “That’s the best part. When the time is right, you would announce an IPO and sell your company stock to the public and become very rich. You would make millions.”

“Millions, señor? Then what?”

“Then you would retire and move to a small coastal fishing village, where you would sleep late, fish a little, play with your kids, take a siesta with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos …”

I RECENTLY HAD lunch in San Francisco with a good friend and former college roommate. He will soon graduate from a top business school and return to investment banking. He hates coming home from the office at midnight but explained to me that, if he works 80-hour weeks for nine years, he could become a managing director and make a cool $3–10 million per year. Then he would be successful.

“Dude, what on earth would you do with $3–10 million per year?” I asked.

His answer? “I would take a long trip to Thailand.”

That just about sums up one of the biggest self-deceptions of our modern age: extended world travel as the domain of the ultrarich. I’ve also heard the following:

“I’ll just work in the firm for 15 years. Then I’ll be partner and I can cut back on hours. Once I have a million or two in the bank, I’ll put it in something safe like bonds, take $80,000 a year in interest, and retire to sail in the Caribbean.”

“I’ll only work in consulting until I’m 35, then retire and ride a motorcycle across China.”

If your dream, the pot of gold at the end of the career rainbow, is to live large in Thailand, sail around the Caribbean, or ride a motorcycle across China, guess what? All of them can be done for less than $3,000. I’ve done all three. Here are just two examples of how far a little can go.68

$250 U.S. Five days on a private Smithsonian tropical research island with three local fishermen who caught and cooked all my food and also took me on tours of the best hidden dive spots in Panamá.

$150 U.S. Three days of chartering a private plane in Mendoza wine country in Argentina and flying over the most beautiful vineyards around the snowcapped Andes with a personal guide.

Question: What did you spend your last $400 on? It’s two or three weekends of nonsense and throwaway forget-the-workweek behavior in most U.S. cities. $400 is nothing for a full eight days of life-changing experiences. But eight days isn’t what I’m recommending at all. Those were just interludes in a much larger production. I’m proposing much, much more.

The Birth of Mini-Retirements and the Death of Vacations

There is more to life than increasing its speed.

—MOHANDAS GANDHI

In February of 2004, I was miserable and overworked.

My travel fantasy began as a plan to visit Costa Rica in March 2004 for four weeks of Spanish and relaxation. I needed a recharge and four weeks seemed “reasonable” by whatever made-up benchmark you can use for such a thing.

A friend familiar with Central America dutifully pointed out that it would never work, as Costa Rica was about to enter its rainy season. Torrential downpours weren’t the uplifting jolt I needed, so I shifted my focus to four weeks in Spain. It’s a long trip over the Atlantic, though, and Spain was close to other countries I’d always wanted to visit. I lost “reasonable” somewhere shortly thereafter and decided that I deserved a full three months to explore my roots in Scandinavia after four weeks in Spain.

If there were any real-time bombs or pending disasters, they would certainly crop up in the first four weeks, so there really wasn’t any additional risk in extending my trip to three months. Three months would be great.

Those three months turned into 15, and I started to ask myself, “Why not take the usual 20–30-year retirement and redistribute it throughout life instead of saving it all for the end?”

The Alternative to Binge Traveling

Thanks to the Interstate Highway System, it is now possible to travel from coast to coast without seeing anything.

—CHARLES KURALT, CBS news reporter

If you are accustomed to working 50 weeks per year, the tendency, even after creating the mobility to take extended trips, will be to go nuts and see 10 countries in 14 days and end up a wreck. It’s like taking a starving dog to an all-you-can-eat buffet. It will eat itself to death.

I did this three months into my 15-month vision quest, visiting seven countries and going through at least 20 check-ins and checkouts with a friend who had negotiated three weeks off. The trip was an adrenaline-packed blast but like watching life on fast-forward. It was hard for us to remember what had happened in which countries (except Amsterdam),69 we were both sick most of the time, and we were upset to have to leave some places simply because our pre-purchased flights made it so.

I recommend doing the exact opposite.

The alternative to binge travel—the mini-retirement—entails relocating to one place for one to six months before going home or moving to another locale. It is the anti-vacation in the most positive sense. Though it can be relaxing, the mini-retirement is not an escape from your life but a reexamination of it—the creation of a blank slate. Following elimination and automation, what would you be escaping from? Rather than seeking to see the world through photo ops between foreign-but-familiar hotels, we aim to experience it at a speed that lets it change us.

This is also different from a sabbatical. Sabbaticals are often viewed much like retirement: as a one-time event. Savor it now while you can. The mini-retirement is defined as recurring—it is a lifestyle. I currently take three or four mini-retirements per year and know dozens who do the same. Sometimes these sojourns take me around the world; oftentimes they take me around the corner—Yosemite, Tahoe, Carmel—but to a different world psychologically, where meetings, e-mail, and phone calls don’t exist for a set period of time.

Purging the Demons: Emotional Freedom

This is the very perfection of a man, to find out his own im perfection.

—SAINT AUGUSTINE (354 A.D.–430 A.D.)

True freedom is much more than having enough income and time to do what you want. It is quite possible—actually the rule rather than the exception—to have financial and time freedom but still be caught in the throes of the rat race. One cannot be free from the stresses of a speed- and size-obsessed culture until you are free from the materialistic addictions, time-famine mind-set, and comparative impulses that created it in the first place.

This takes time. The effect is not cumulative, and no number of two-week (also called “too weak”)70 sightseeing trips can replace one good walkabout.71

In the experience of those I’ve interviewed, it takes two to three months just to unplug from obsolete routines and become aware of just how much we distract ourselves with constant motion. Can you have a two-hour dinner with Spanish friends without getting anxious? Can you get accustomed to a small town where all businesses take a siesta for two hours in the afternoon and then close at 4:00 P.M.? If not, you need to ask, Why?

Learn to slow down. Get lost intentionally. Observe how you judge both yourself and those around you. Chances are that it’s been a while. Take at least two months to disincorporate old habits and rediscover yourself without the reminder of a looming return flight.

The Financial Realities: It Just Gets Better

The economic argument for mini-retirements is the icing on the cake. Four days in a decent hotel or a week for two at a nice hostel costs the same as a month in a nice posh apartment. If you relocate, the expenses abroad also begin to replace—often at much lower cost—bills you can then cancel stateside.

Here are some actual monthly figures from recent travels.

Highlights from both South America and Europe are shown side by side to prove that luxury is limited by your creativity and familiarity with the locale, not gross currency devaluation in third-world countries. It will be obvious that I did not survive on bread and begging—I lived like a rock star—and both experiences could be done for less than 50% of what I spent. My goal was enjoyment and not austere survival.

Airfare

Free, courtesy of AMEX gold card and Chase Continental Airlines Mastercard72

Housing

Penthouse apartment on the equivalent of New York’s Fifth Avenue in Buenos Aires, including house cleaners, personal security guards, phone, energy, and high-speed Internet: $550 U.S. per month

Enormous apartment in the trendy SoHo-like Prenzlauerberg district of Berlin, including phone and energy: $300 U.S. per month

Meals

Four- or five-star restaurant meals twice daily in Buenos Aires: $10 U.S. ($300 U.S. per month)

Berlin: $18 U.S. ($540 U.S. per month)

Entertainment

VIP table and unlimited champagne for eight people at the hottest club, Opera Bay, in Buenos Aires: $150 U.S. ($18.75 U.S. per person x four visits per month = $75 U.S. per month per person)

Cover, drinks, and dancing at the hottest clubs in West Berlin: $20 U.S. per person per night x 4 = $80 U.S. per month

Education

Two hours daily of private Spanish lessons in Buenos Aires, fives times per week: $5 U.S. per hour x 40 hours per month = $200 U.S. per month

Two hours daily of private tango lessons with two world-class professional dancers: $8.33 U.S. per hour x 40 hours per month = $333.20 U.S. per month

Four hours daily of top-tier German-language instruction in Nollendorfplatz, Berlin: $175 U.S. per month, which would have paid for itself even if I had not attended classes, as the student ID card entitled me to over 40% discounts on all transportation