In his book, The 4 Hour Workweek, Tim Ferriss asks an interesting question: If you had a heart attack and had to work 2 hours per day, what would you do?
That’s a tough question to answer, especially if you just got done with your 8 or 10 hour day. You, like me, probably couldn’t envision a world where you could make enough money to cover your expenses in just 2 hours of work a week.
Ferriss doesn’t stop there. He then asks: If you had a heart attack and had to work 2 hours per WEEK, what would you do?
Not possible, right? Well, not exactly IMPOSSIBLE as there are a number of people who have come out of the woodwork and shared their own “lifestyle design” and 4-Hour Workweek personal experiences.
Regardless of whether you think it’s possible or not, here’s a question along the lines of the “heart attack” question:
If you had to cut your spending by 25 percent in the next month, what would you do?
Sounds impossible, right? It’s a big number, but here’s the thing…it’s not impossible. There’s example after example after example of regular people like you and me who have radically transformed their lives and dramatically cut down on their expenses.
These folks still have a great quality of life and in fact, I’m sure they’d argue that their quality of life has increased exponentially since they started down the path of living below their means.
So over to you. What would you do to cut your spending by 25 percent in the next month?
You could renegotiate your debts, refinance your mortgage, sell some extra stuff to pay down your debts or simply cut out some small reoccuring expenses that are adding up to big money every month.
What else can you add to this list? Have fun with it and take action on this idea.
Photo courtesy of Inside Heart