back to indexShould This Executive Quit His Job to Write a Book? | Deep Questions Podcast with Cal Newport
Chapters
0:0 Cal's intro
0:10 Cal reads the question
1:30 Cal explains to use the Derek Siver's formula
2:8 Get to 20 hours a week
4:50 Cal and Jesse talk about guests
00:00:00.000 |
All right, picking up the pace moving right along 00:00:06.140 |
Just my papers here. All right, Jeffrey. What do you have for me? 00:00:09.600 |
Jeffrey says what do you do when your passion might start to become economically viable? 00:00:16.700 |
Currently, I have an okay thing going as CFO for a small company, but for a long time I had a hobby 00:00:23.340 |
Writing fiction. I got some short stories published in professional publications 00:00:28.840 |
I even received a few prizes and caught the interest of an agent 00:00:32.200 |
At this stage, I realized that the next step was to write a full novel 00:00:36.260 |
But this would take significant time as a consequence 00:00:38.280 |
I'd perform some basic economic analysis determine how best to spend my time 00:00:41.720 |
I'll spare you the details of all of Jeffrey's analysis, but basically he worked out that if he wrote one hour per day 00:00:48.100 |
It would take him three years to write the novel and then he had a lot of issues about that 00:00:52.920 |
Would he lose interest if he had to drag it out that long 00:01:00.160 |
Would that be time he could have spent on other activities that would help him advance in his career as a CFO? 00:01:12.440 |
Interested in novel writing and not super psyched about your job. You say it's fine. I like my boss 00:01:18.200 |
It's manageable, but not super exciting you in your elaboration. You say that multiple times. So that's interesting to me 00:01:25.200 |
So what you want to do it sounds like is seriously explore the possibility of making more of 00:01:31.880 |
Your income come from writing spend more time writing now. I think we have to do a Derek Sivers thing here, right? 00:01:39.320 |
We need to use money as a neutral indicator of value. We can't just guess 00:01:45.640 |
We can't just guess how much am I gonna make as a writer and plan based off of that? 00:01:49.600 |
you need to make money as a writer and say here's how much I make as a writer and 00:01:54.320 |
Then you can make really informed tactical decisions about what to do with your job 00:01:58.840 |
So, how do you get to that information faster? 00:02:02.120 |
Well, I'm gonna say first of all, you got to write more than an hour a day 00:02:05.640 |
I think you should find out how to get the 20 hours a week. I think you can do that 00:02:10.040 |
I think you need two hour writing blocks, which means you probably have to start earlier in the morning and 00:02:14.680 |
A large weekend block as well. I think do at least that you can get the 20 hours a week 00:02:25.080 |
Accelerating the pace and even if you're only doing 15 hours a week, you're greatly accelerating the pace and then to take time off 00:02:36.920 |
You're gonna assume that you're gonna sell the novel and agent is interested roll the dice and take a two-week leave of absence 00:02:46.800 |
So you can get like a big push to finalize and polish it 00:02:49.720 |
So that's what I'm saying like 20 hours a week 15 20 hours a week 00:02:52.960 |
Four months from now take a two-week leave of absence knock that thing out. So let's get the feedback soon 00:02:58.160 |
Get that novel out there. See if you sell it how much money 00:03:01.640 |
What does my agents think was my editors think what's what are the reasonable case scenarios for my career here as a writer? 00:03:09.720 |
To make the right decision and the right decision maybe bees full-time writing 00:03:13.140 |
Maybe I mean if you're if your spouse also works and you can live kind of cheap that might work 00:03:17.880 |
Maybe and Jeffrey I'm looking in between the lines here. If Jeffrey is a pseudonym for 00:03:27.920 |
You're probably okay. You can probably quit your job or maybe what it is is you change your job 00:03:33.160 |
you know, you're a CFO of a small company that means you could be a 00:03:36.680 |
Financial consultant for companies we see this all the time part-time 00:03:40.200 |
CFOs that smaller firms and smaller nonprofits hire to spend 10 hours a week 00:03:45.400 |
They keep their books and help them make decisions, but they can't afford a full executive go to that work and like great 00:03:51.200 |
And I'll be able to do that 30 hours a week and I'm writing the rest 00:03:54.160 |
Then when my books get more successful I can drop that the 10 hours 00:03:56.520 |
We like there's a lot that will be open to you 00:03:58.040 |
But you need the hard data and you have to publish the book or at least sell the book 00:04:01.800 |
Sell the book to get data to make that decision and I'm just gonna say don't take three years 00:04:10.720 |
manageable risk risk not like quitting your job, but like leave of absences or 00:04:15.340 |
Putting aside all promotion activities for a few months get the book done. See what happens 00:04:21.060 |
As Brandon Sanderson learned when he wrote name of the wind 00:04:29.140 |
All right, Jesse. It's not an episode if we don't annoy 00:04:31.820 |
Not only is that a noise fantasy fans, but a noise everyone who's not because they have no idea what the hell we're talking about 00:04:36.740 |
So that's another double whammy. That's the type of stuff you're gonna get with our triple threat show 00:04:41.980 |
Once things died down. He's probably your first guest Brandon. He'll be in here. He'll like to coma coffee. Where's he? Where's he based? 00:04:48.600 |
He's like Utah or something. He's probably got enough money to fly here though 00:04:54.620 |
Do want to have I mean we do want to do guests. We're trying to think through like what the right 00:05:02.900 |
People who are living interesting lives what famous people do it, whatever. We're trying to figure that out selfishly 00:05:07.620 |
I want you to talk to a bunch of people. I want you to talk to Elon 00:05:10.020 |
I want you to talk to mark Jesse has the most unreasonable plans for I think they all want to talk to you 00:05:16.660 |
Ridiculously unreasonable plans for who's gonna come in here. I can pick them up from the you know, the train in my truck 00:05:22.340 |
Let me awesome. You picked up Elon in your truck. It's not gonna bring your truck 00:05:26.980 |
You know how many publicists would get fired if those people came here and like they came with their publicist 00:05:32.260 |
They're like, oh my god. I'm terrible at my job. No, I like your optimism 00:05:36.700 |
But anyways, we're gonna have guests and and I for sure at the top of my list is I I want to have novelist on 00:05:41.460 |
I think just be cool to talk to I'm gonna talk to working not literary novelist because that seems unapproachable and hard but genre 00:05:47.040 |
Novelist and like tell me about your life. Yeah 00:05:49.660 |
Speaking of publicist real quick. It's in some of those shows like the super pumped one and we crash one 00:05:57.020 |
They have publicists in there and they get treated horribly the publicist. Ah 00:06:02.820 |
Just by those like really rich CEO dudes who like a tenacious. Oh, man, I just get and by the wives. Ah 00:06:11.140 |
Hopefully Lillian and Margo. You don't feel like I treat you that way. I 00:06:15.220 |
Try to be I try to be nice. We got a great team of publicist at portfolio 00:06:24.780 |
various cities with me to going to various various places and studios and I 00:06:30.140 |
Always appreciate what they do. So Lillian and Margo you have my appreciation. I will try not to be like the we work guy