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Question about "Work Less, Live More".....
12-31-2007, 06:56 PM
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#1
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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Question about "Work Less, Live More".....
I’m looking at Bob Clyatt’s “Work Less Live More” advertisement on the site and I am seeing small differences in price for used books. Then I see another large price jump for a new version. That is self explanatory but I am wondering if these are all the same book or are there different versions with the most recent being more up-to-date?
Then I see a workbook with CD that seems to be about “semi-retiring” as opposed to the book being about “retiring early”? Are these related or are they separated by the two different topics?
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12-31-2007, 08:24 PM
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#2
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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The second edition of WLLM just came out last month and it includes a separate workbook with a CD.
I'd buy the 2nd ed and the workbook so that all your friends can borrow and never return them. You're going to thumb through them enough that they're worth owning.
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
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12-31-2007, 09:38 PM
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#3
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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Thanks Nords. I read the book last year but I think I want to purchase my own. I had to get the library to ship a copy in and I couldn't extend my time with it so had to read it quickly and I don't think I got the full impact.
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01-01-2008, 08:26 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 1,318
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Dessert,
Sorry for the confusion with the new book title etc -- the 2nd edition of Work Less Live More got a new subtitle with the word "Semi-retirement" instead of "Early Retirement" but it's the same book as the original with updates. The workbook is for anyone interested in ER/SR to do more detailed personalized planning, and has spreadsheets you can customize.
Still not sure if semi-retirement was right for the title or just plain confusing. It seems to be helping me sell fewer books, but the goal was to widen out the "ER-and-do-something-you-love" message to people who couldn't afford ER without some part-time work, as well as to people who are objectively a little late for 'early' retirment... Oh well!
I welcome any feedback from readers in threads here or in PMs. Thx
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01-03-2008, 10:39 AM
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#5
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Recycles dryer sheets
Join Date: Mar 2007
Location: Fort Collins, CO
Posts: 138
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I found the sub-title Semi-Retirement confusing as my interest was/is early retirement. The book is clearly for both but the sub-title causes one to stop and wonder initially. It would have been better IMHO if the sub-title had mentioned both.
Also, a couple of comments. The book mentions ETFs and their pros and cons but doesn't give examples of ETF portfolios. Second, since the best info changes with time, it would have been nice if the book referenced a web page that could have then held updates or additional info (such as suggested ETF portfolio for example).
Still think the book is great. The workbook and CD look like a great addition, but haven't gotten through those as yet to make any comments.
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"Being rich is having money; being wealthy is having time."
"It is only possible to live happily ever after on a day-to-day basis” Margaret Bonnano
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01-03-2008, 04:03 PM
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#6
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 161
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Quote:
Originally Posted by Nords
I'd buy the 2nd ed and the workbook so that all your friends can borrow and never return them. You're going to thumb through them enough that they're worth owning.
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Agree and did buy both editions. One of the better reads out there. Especially love the 95% rule in case it hits the fan.
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01-03-2008, 06:58 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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I find it amusing that Bob was encouraged to add the semi-retirement sub-title to make it more "palatable" to those folks. His book (I've got the first edition but now am longing for the second) is an excellent read and I highly recommend it to folks.
I just finished reading the New Retirementality by Mitch Anthony and it was chock full of "you'll die if you retire" sort of nonsense to make people afraid to quit work. I'd love to set you guys loose on that guy!
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“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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01-03-2008, 07:35 PM
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#8
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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Hey hey hey, Anthony & Marc Freedman are going to save Medicare & Social Security with their marketing!
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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01-03-2008, 09:35 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 1,318
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Quote:
Originally Posted by gandalf42
Also, a couple of comments. The book mentions ETFs and their pros and cons but doesn't give examples of ETF portfolios. Second, since the best info changes with time, it would have been nice if the book referenced a web page that could have then held updates or additional info (such as suggested ETF portfolio for example).
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Gandalf,
Thx for the suggestion about the ETF portfolios -- to be honest I'm only just becoming convinced of how great ETFs are and by next edition I should have a lot more listed, though it will be the same portfolio just with ETF choices. Doing it on my web page is also a great idea (and I will put annual tax statistics up once a year) but that starts to sound like W**k to me -- an ongoing thing I have to manage -- and might get in the way of my own ER Seriously -- deciding to do a book in ER made me do a lot of soul searching that I wouldn't let writing about having a good time keep me from actually having a good time myself, so I have deliberately taken a neutral or first-gear approach on things like PR, publicity, building a franchise, doing speaking engagements, seminars and all that stuff that 'savvy authors' are supposed to do to sell books...
Hillbilly and Sarah (and always Nords!) - thx for your kind words. If anybody feels inspired to write a review on Amazon, that would be great because last I looked there weren't any for the new books and prospective readers do look for that.
I'll bet the next editions have "Early Retirement" back in their titles, too!
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02-21-2008, 08:23 AM
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#10
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 328
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Well, I'm not at this stage of my life. But I ordered the books anyway.
I know for sure that I'll never live a sedate life (if I have anything to say about it ). It's just not in my personality.
I decided to get Bob's book (the workbook/CD), and Ralph's book.
I would like to "work less/live more" today. But that's not in the cards right now.
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Primary title "chief moron"
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02-21-2008, 12:14 PM
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#11
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 599
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Bob,
I just ordered the 2nd addition (on Nords' recommendation) from Amazon. Didn't know the author was a regular poster- that's pretty cool. Your royalty check should be in the mail as we speak!
I'm attempting to turn my 86% stock/14% cash "accumulation" portfolio into a more sustainable, less volatile portfolio that I can live off of over the next 40-50 years. Damn that sounds like a long time...........
Oh, nice art on your website BTW.
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02-22-2008, 07:08 AM
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#12
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 328
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So, did they copy enough of these?
Amazon already shipped my "Get a Life" book by Ralph, but they haven't shipped "Work Less, Live More" workbook/CD.
Granted, I opted for the 5-9 day free shipping, but that's kind of irrelevant isn't it?
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Primary title "chief moron"
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02-22-2008, 07:23 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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You are doing some beautiful work, Bob. Amazing to see how far you have come in just he last couple of years.
Probably a stupid question, but you have been to the Rodin Museum in Philly, right?
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"All animals are equal, but some animals are more equal than others."
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Ezekiel 23:20
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02-22-2008, 09:48 AM
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#14
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Full time employment: Posting here.
Join Date: Jul 2005
Posts: 588
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Quote:
Originally Posted by ESRBob
Still not sure if semi-retirement was right for the title or just plain confusing. It seems to be helping me sell fewer books, but the goal was to widen out the "ER-and-do-something-you-love" message to people who couldn't afford ER without some part-time work, as well as to people who are objectively a little late for 'early' retirment... Oh well!
I welcome any feedback from readers in threads here or in PMs. Thx
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I think the new title is great but I'm not surprised that it might be scaring away potential buyers. Seems to me that those who would actively seek out any sort of ER book are similar to the majority of posters here; where there is a heavy bias towards bailing out 100%.
Definitely a "wider" pool of people who qualify for semi-ER as you mention but I doubt they are scouring the internet for "how to" books, just like they don't tend to seek out or hang around site's like this.
I can't really come up with a good explination why, just my observation.
I luv the idea of working a couple days per week (whether I had to or not) and playing the other 5. Have to admit that I feel like I don't quite fit in here though I still enjoy the topics and viewpoints
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02-23-2008, 10:14 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 1,318
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Quote:
Originally Posted by brewer12345
You are doing some beautiful work, Bob. Amazing to see how far you have come in just he last couple of years.
Probably a stupid question, but you have been to the Rodin Museum in Philly, right?
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Yep -- he was awesome, and I've read some great essays/interviews with him from 100 years ago that really helped me understand him and sculpture better. Since I didn't do the typical Bachelor of Fine Arts route, I'm making up for it double time here in my 'encore career' as a sculptor and trying to soak up everything I can in workshops, individual study, lectures, museum trips etc etc. Interestingly that puts me on a nice trajectory since so many 'real artists' spend so much of their time doing other stuff to pay the rent that by the time we're all old I just might have a chance to catch up. No reason artists can't be doing quality work into their 80s which means I still have 30+ years!
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05-25-2008, 11:59 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Reading this book right this moment. Seems like the more sane approach than going from a full-on career to full-on retirement. The only psychological barrier I have is how do I explain that I'm not the "big success" as predicted by everyone in business school.
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05-25-2008, 12:42 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by BunsGettingFirm
The only psychological barrier I have is how do I explain that I'm not the "big success" as predicted by everyone in business school.
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"I'm the fund manager for a private equity investment company"
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05-25-2008, 02:39 PM
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#18
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 143
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For what it's worth, I always tell people I'm in "early semi-retirement" because I'm willing and able to engage in income-producing activities (such as "working for a living" from time to time), but I can afford to be choosy and if push comes to shove, I don't need the income from any job at all. I also enjoy the psychological aspects that come from a good work assignment (not to feel fulfilled as a person, but rather to be challenged intellectually) and getting paid well in the process is an added plus.
I found the book Work Less, Live More in early 2006 after I started my sabbatical due to burnout (I was on the nolo.com email list at the time and was wondering what I would be doing next with my life -- starting a business was one of the alternatives I was thinking about). It was after reading this book that I decided I was really in "early semi-retirement" and would seek out income-producing activities from now on that were only in true harmony with myself.
So I never expect to retire completely. Instead, I intend to engage in wealth building activities of one sort or another until they carry me away in a pine box. I've had a few false starts since then in that some of the activities I tried didn't pan out (although they did at least break even), but I can afford to experiment. I'm having fun now because financial freedom provides me with lifestyle freedom.
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05-26-2008, 06:35 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Quote:
Originally Posted by dessert
I’m looking at Bob Clyatt’s “Work Less Live More” advertisement on the site and I am seeing small differences in price for used books. Then I see another large price jump for a new version. That is self explanatory but I am wondering if these are all the same book or are there different versions with the most recent being more up-to-date?
Then I see a workbook with CD that seems to be about “semi-retiring” as opposed to the book being about “retiring early”? Are these related or are they separated by the two different topics?
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I have read as many retirement books as I could get my hands on - but I have only bought two. One of them is "Work Less, Live More" (2nd edition) and I recommend it highly. And no, I don't know Bob Clyatt or have any interest in the book itself, I just think it's that worthwhile...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-26-2008, 07:48 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Quote:
Originally Posted by Marquette
"I'm the fund manager for a private equity investment company"
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LOL! It's so private that it has an investor of one and no fund name.
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