Interview with Promod Sharma -Four Hour Work Week part 5
Monty Loree: Right. That’s the other thing that I ran into. That’s a good point. That’s really what it is. So unless you hire somebody to manage and to direct people and tell them all of the little points to do, then when you outsource, frankly that’s what you’d want is somebody to do exactly what you said. That means that they’re trying to please you and help you out. But I guess as well, you’d want them maybe to learn from their mistakes or develop some add value, like you said. So the point of the story is, the best thing ultimately is to have people that can manage, direct, anticipate, keep adding the value, do the documentation and forward the business. Otherwise you have to do it all by yourself. You have to do the high level stuff by yourself.
Promod Sharma: Yes. I think you want to do some things yourself, but in terms of the 4-hour work week, the things that you’re doing that are creative – if you can put them online for example where they’re there ‘till the end of time, then you don’t have to keep redoing the same thing. So for example, maybe you get a lot of questions in a particular area, maybe you have an FAQ, blog post or video. Then you can direct people to that. But if one of the questions I keep getting, because I’m in actuary, is from people thinking of entering the actuarial field. They don’t realize that I get these things all the time. For them, they’re just asking once. So what I did is a couple of blog posts that helped answer that question. So when I got a request two days ago, I just directed that person to that blog post rather than spending time and re-answering the same questions that I’ve answered in the past.
Monty Loree: Exactly. That’s right. That’s the right thing to do. What I do with my outsource people is, I use docs.google.com. So I documented the daylights out of everything and I just keep pointing them at those. Like you said, because that’s cloud computing, that’s going to be there forever. They can access is whenever they want.
Promod Sharma: Perfect.
Monty Loree: So that’s kind of a neat idea. It’s one of the little tips I learned from my outsourcing stuff. Anyway, we’re kind of empty in your time here. I think we’ve talked about a lot of good things here. A lot of fundamental things that we’ve talked about are what people need to know if they’re going to be interested. I was excited to talk to you because it sounds like you’re starting to practice and get into it, get the mindset and get active with it. That’s great.
Promod Sharma: I really appreciate you inviting me to this podcast. It was a great experience and I think we had a great conversation.
Monty Loree: Just before we go, I just wanted to know, where does Promod hang out on the internet? What sort of personal finance blogs or sites do you like to go visit?
Promod Sharma: Probably my favorite would be Thicken My Wallet, which is written by a Canadian Lawyer. I also like Canadian Capitalist and Million Dollar Journey.
Monty Loree: Right on. Those are very prominent blogs in Canada. Do you ever get over to the Canadian Finance forum?
Promod Sharma: I have, but not as much as I would like to.
Monty Loree: Okay. I see a lot of the bloggers over there. It’s a pretty active area. That’s good. Again, thanks. I appreciate your time today. Maybe we can, at some point, talk about actuary. I know I can probably talk about it for hours.
Promod Sharma: Oh I’m sure that if you talk about that topic, that you’d have lots of listeners for that episode.
Monty Loree: Alright. Thanks again and we’ll talk again soon.
See part one of this interview: interview with promod sharma four hour work week part 1
See part two of this interview: interview with promod sharma four hour work week part 2
See part three of this interview: interview with promod sharma four hour work week part 3
See part four of this interview: interview with promod sharma four hour work week part 4
