"Tim Ferriss, the author of The 4-Hour Workweek, and the godfather of the “lifestyle entrepreneur” movement, said it best: 'Money is multiplied in practical value depending on the number of W’s you control in your life: what you do, when you do it, where you do it, and with whom you do it.'”

Every now and again I pick up "The 4-hour Workweek" and read a page or two. (Ditto with "$100 Startup" and similar books.) I didn’t come across that quote, though, until I was reading this. Makes sense. I'm at the point in my life where I can't really be bothered to suck up to a boss or supervisor. I'm also at the point where I don't really have to anymore. I'm kind of in control of most of those Ws.

But, just as I'm thinking, okay, I'm in control now and things are looking pretty darn good, I get a call from an old friend who offers me a trade-off: forfeit those Ws in exchange for more money. How do you put a price tag on each of those Ws?