Why You Shouldn’t Be A Slave to a 40 Hour Work Week | My First Million with Sam Parr and Shaan Puri

Check out the My First Million episode page

Key Takeaways

  • Linear output is an incorrect work assumption in modern times
    • No longer are time inputs directly correlated with productivity outputs
    • There are very few time, proximity, and resource boundaries in the modern workplace. You can optimize your schedule for effective output.
    • “You might have one hour where you get a burst of creativity or insight that is worth the whole day’s work” – Shaan Puri
  • Work like a lion, not like a cow.
    • As a society, we currently have misaligned work values. We don’t often count the number of amazing weeks, we just count the number of not bad weeks.
  • Don’t always trade time for money in the first half of your life, figure out what it takes to have mini-retirements throughout your life
    • Money is an accounting scheme to keep track of wealth. True wealth (new rich) is the equation of free time, buying power, and living wherever you want.
  • “Work is in an unrecognizable shift” – Shaan Puri
    • As work evolves with technology, the previous generation often can’t differentiate work from leisure
  • “Success is getting what you want and happiness is wanting what you get, practice both” – Shaan Puri

Intro

The Modern Work Week

  • Linear output is an incorrect work assumption in modern times
    • In physical labor jobs, there is a direct correlation between the time spent at work and the output
    • But in knowledge, programming, and creative work, Monday’s morning output is not the same as Wednesday’s afternoon
  • “You might have one hour where you get a burst of creativity or insight that is worth the whole day’s work” – Shaan Puri
    • We work a factory schedule but don’t work in factories anymore
    • There are very few time, proximity, and resource boundaries in the modern workplace. You can optimize your schedule for effective output.

Tips From Tim Ferriss & Naval Ravikant

  • The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss
    • Money is an accounting scheme to keep track of wealth. True wealth (new rich) is the equation of free time, buying power, and living wherever you want.
    • Traveling as a retired 65-year-old is not fun; don’t always trade time for money in the first half of your life
      • Have mini-retirements throughout your life
  • “Most people work like cows when we should really work like lions” – Shaan Puri quoting Naval Ravikant
    • Cows safely graze for 10 hours a day taking in large quantities of low nutrient grass; sleep and repeat
    • Lions wait and rest for hours/days until the opportunity strikes to take a high reward risk; then celebrate, and recuperate
      • The current work framework is a cow schedule
      • We don’t often count the number of amazing weeks; rather, we count the number of not bad weeks
  • The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson
    • Naval Ravikant (@naval) is a philosopher on the middle section of the Venn diagram between life and business
    • He not only has original content but also original wisdom in the modern world

Future of Work

  • “Work is in an unrecognizable shift” – Shaan Puri
    • As work evolves with technology, the previous generation often can’t differentiate work from leisure
    • It’s incredibly hard to predict what work will look like in the future, Shaan and Sam try their best:
      • Shaan predicts that his daughter will never goes into an office, works completely anonymously in a game-like environment, works whenever she wants, picks from a list of available missions to contribute to
      • Sam predicts we won’t work on laptops or computers in the future; but rather, a very small handheld device
  • “What the nerds in Silicon Valley are doing on their weekends, is what everyone else will be doing on their weekdays in 10 years” – Sam Parr referencing Chris Dixon
    • Bet on whatever the engineers are doing for fun (not investment advice)
    • Engineers are often so unapologetically passionate about their hobbies that they naturally turn into incredibly high-quality businesses
  • “Success is getting what you want and happiness is wanting what you get, practice both” – Shaan Puri
    • Getting what you want is a ‘mountain of more’ that you’ll never get to the top of
    • Wanting what you get is gratitude (pick this one if you can only pick one)
My First Million : , , , , , ,
Notes By Drew Waterstreet

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