When I got my first job, after graduation, I was so time-obsessed that I used to count all the minutes I managed to skip work. Then I re-calculated my hourly salary in real work hours: month after month, new victories, less hours worked effectively, more money earned per hour, more victories. Were they? That was a very nice way of fooling myself. The absolute amount of money available for spending was the same, month after month, regardless my “work time savings”.
I remembered this on the occasion of a recently made discovery: The Lifestyle Quotient (LQ). Coined by Tim Ferriss and based on the number of hours you work per week and the number of vacation days you take in a year, LQ is an index which gives indication about your lifestyle:
The lower your LQ, the higher your lifestyle IQ. Novice Lifestyle Designers can get to an LQ of 25-30 within 2-4 weeks, and experienced Lifestyle Designers are in the 0-5 LQ range. A 0 LQ means that income is 100% automated.
I tried the tool. According to Tim Ferriss, I’m an experienced Lifestyle Designer, because I got a LQ of 4. 🙂 It means my income is almost 100% automated, which is great. The bad news is that I barely had any primary or secondary income last year, as a result of my lifestyle design, so I almost managed to automate the big zero 🙂 🙂 🙂
I feel like there is something missing in this LQ formula: it would have been more relevant if we divided the LQ index by the amount earned last year, thus leaving aside the zero income case, which would make the equation impossible.
What do you think? What is your LQ? Did you read Tim’s book, The 4-Hours Workweek? I read some reviews about it, and I visited Tim’s website: he has an interesting point of view, and I’m sure what he says is completely feasible. Yet, I can’t say that my big wish in life is to wander around the globe from one place to another, while outsourcing all things in my life that can be done by somebody else on my behalf.
But, who knows? Maybe I should give it a try.