HOUSE_OVERSIGHT_013966.jpg

2.57 MB

Extraction Summary

2
People
2
Organizations
19
Locations
2
Events
0
Relationships
5
Quotes

Document Information

Type: Book excerpt / instructional guide (likely from 'the 4-hour workweek')
File Size: 2.57 MB
Summary

This document is a page from a book (identifiable by content as 'The 4-Hour Workweek') instructing readers on how to plan a 'mini-retirement.' It outlines steps for assessing finances ('asset and cash-flow snapshot'), managing fear ('fear-set'), and choosing international locations. The page bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation, likely included in a larger file or email attachment.

People (2)

Name Role Context
Paul Theroux Author
Quoted at the top of the page from his book 'To the Ends of the Earth'.
The Narrator/Author Author
The 'I' in the text giving advice on 'mini-retirements.' Mentions boxing, racing motorcycles, and traveling to London...

Organizations (2)

Name Type Context
U.S. Department of State
Referenced as a resource for checking travel warnings.
House Oversight Committee
Implied by the footer stamp 'HOUSE_OVERSIGHT_013966'.

Timeline (2 events)

Past
Author traveled to London and vagabonded through Europe, staying in Berlin for three months.
Europe
The Author
Past
Author toured Central and South America, staying in Buenos Aires for six months.
South America
The Author

Locations (19)

Location Context
Suggested location for a mini-retirement.
England; Author's starting point for travel.
Germany; Place where the author remained for three months.
Region toured by the author.
Argentina; Author's favorite spot where he stayed for six months.
Argentina; Suggested starting point.
China; Suggested starting point.
China; Suggested starting point.
China; Suggested starting point.
Japan; Suggested starting point.
Japan; Suggested starting point.
Ireland; Suggested starting point.
Thailand; Suggested starting point.
Thailand; Suggested starting point.
Germany; Suggested starting point.
Norway; Suggested starting point.
Australia; Suggested starting point.
New Zealand; Suggested starting point.
Suggested location.

Key Quotes (5)

"It is fatal to know too much at the outcome: boredom comes as quickly to the traveler who knows his route as to the novelist who is overcertain of his plot."
Source
HOUSE_OVERSIGHT_013966.jpg
Quote #1
"Making the jump and entering the new worlds that await is like upgrading your role in life from passenger to pilot."
Source
HOUSE_OVERSIGHT_013966.jpg
Quote #2
"Take an asset and cash-flow snapshot."
Source
HOUSE_OVERSIGHT_013966.jpg
Quote #3
"Fear-set a one-year mini-retirement in a dream location in Europe."
Source
HOUSE_OVERSIGHT_013966.jpg
Quote #4
"Cheap is good, but bullet holes are bad."
Source
HOUSE_OVERSIGHT_013966.jpg
Quote #5

Full Extracted Text

Complete text extracted from the document (3,297 characters)

It is fatal to know too much at the outcome: boredom comes as quickly to the traveler who knows his route as to the novelist who is overcertain of his plot.
—PAUL THEROUX, To the Ends of the Earth
If this is your first time considering a commitment to the mobile lifestyle and long-term adventuring, I envy you! Making the jump and entering the new worlds that await is like upgrading your role in life from passenger to pilot.
The bulk of this Q&A will focus on the precise steps that you should take—and the countdown timeline you can use—when preparing for your first mini-retirement. Most steps can be eliminated or condensed once you get one trip under your belt. Some of the steps are one-time events, after which subsequent mini-retirements will require a maximum of two to three weeks of preparation. It now takes me three afternoons.
Grab a pencil and paper—this will be fun.
1. Take an asset and cash-flow snapshot.
Set two sheets of paper on a table. Use one to record all assets and corresponding values, including bank accounts, retirement accounts, stocks, bonds, home, and so forth. On the second, draw a line down the middle and write down all incoming cash flow (salary, muse income, investment income, etc.) and outgoing expenses (mortgage, rent, car payments, etc.). What can you eliminate that is either seldom used or that creates stress or distraction without adding a lot of value?
2. Fear-set a one-year mini-retirement in a dream location in Europe.
Use the questions from chapter 3 to evaluate your worst-case-scenario fears and evaluate the real potential consequences. Except in rare cases, most will be avoidable and the rest will be reversible.
3. Choose a location for your actual mini-retirement. Where to start?
This is the big question. There are two options that I advocate:
1. Choose a starting point and then wander until you find your second home. This is what I did with a one-way ticket to London, vagabonding throughout Europe until I fell in love with Berlin, where I remained for three months.
2. Scout a region and then settle in your favorite spot. This is what I did with a tour of Central and South America, where I spent one to four weeks in each of several cities, after which I returned to my favorite—Buenos Aires—for six months.
It is possible to take a mini-retirement in your own country, but the transformative effect is hampered if you are surrounded by people who carry the same socially reinforced baggage.
I recommend choosing an overseas location that will seem foreign but that isn’t dangerous. I box, race motorcycles, and do all sorts of macho things, but I draw the line at favelas,76 civilians with machine guns, pedestrians with machetes, and social strife. Cheap is good, but bullet holes are bad. Check the U.S. Department of State for travel warnings before booking tickets (http:// travel.state.gov).
Here are just a few of my favorite starting points. Feel free to choose other locations. The most lifestyle for the dollar is underlined: Argentina (Buenos Aires, Córdoba), China (Shanghai, Hong Kong, Taipei), Japan (Tokyo, Osaka), England (London), Ireland (Galway), Thailand (Bangkok, Chiang Mai), Germany (Berlin, Munich), Norway (Oslo), Australia (Sydney), New Zealand (Queenstown), Italy
HOUSE_OVERSIGHT_013966

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