Entrepreneurs

This entrepreneur takes Wednesdays off—and the decision has made him millions

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Why this entrepreneur doesn't work on Wednesdays and how it's made him...

Ramit Sethi works more or less nonstop as a personal finance guru and the founder of the online personal finance and career resource "I Will Teach You to be Rich " and GrowthLab.com, where entrepreneurs go to launch and grow online businesses.

But the entrepreneur remains committed to his routine of taking off every Wednesday.

"This was a big insight that I learned it took me many years to figure out," Sethi tells CNBC.

Sethi was reading "Getting Everything You Can Out of All You've Got " by Jay Abraham, one of his self-professed mentors, when he came across a key insight.

Ramit Sethi
Photo courtesy Ramit Sethi

"In one of the pages of this ten dollar book, there was this amazing idea which turned into a multimillion-dollar business for us," says Sethi. "And I just sat back struck by [how] if I hadn't read this book, if I hadn't taken the time, I would never known about it."

Sethi decided it was in the best interest of his business development for him to take weekly breaks.

"I decided that I wanted to carve out time to read books think about the bigger picture," he says.

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Pulling away from the digital tsunami of emails, calls, text messages and Slack chats takes discipline.

"Everybody wants your time. So I started off just saying I'm going to block off an hour on Wednesdays. Then I extended it to two hours," he says. "Now, I worked my way up to having an entire Wednesday free.

"Wednesday is my strategy day. I have a list of articles to read, a list of books and I just work through them."

Not every Wednesday off leads to a multimillion-dollar idea, but not every Wednesday has to. His rate of success speaks for itself.

"Most days, nothing really comes from it," says Sethi. "I would say every quarter I get an interesting idea, and maybe once a year I get a big idea but that big idea can transform the business."

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