Work Just 4 Hours a Week & Enjoy It More
Serial Entrepreneur & Ultravagabond
Timothy Ferriss, author of the 4 Hour Work Week, is a self-described “serial entrepreneur and ultravagabond” who lives a lifestyle that most of us could only dream about — until now.
Ferriss presents a step-by-step guide to his free-wheeling lifestyle, allowing us to follow in his footsteps and realize lifelong dreams. Some people consider Ferriss to be an “Indiana Jones for the digital age”.
This interesting book has been number one on three different best seller lists: Wall Street Journal, NY Times and BusinessWeek.
Replace Obsolete Assumptions
His basic premise is that we need to replace many, if not most, of our current assumptions and apply what he calls the “Rules of the New Rich”.
We home business owners need to replace these assumptions because they limit us and prevent us from enjoying life. We’d like to be able to manage our businesses, and our lives, from anywhere, anytime.
According to Ferriss, The New Rich (NR) are those who abandon the deferred-life plan and create luxury lifestyles in the present using the currency of the New Rich: time and mobility.
Rules of the New Rich
According to Ferris, the “Rules of the New Rich” include the following:
- Retirement is Worst-Case Scenario Insurance
- Interest and Energy are Cyclical
- Less is Not Laziness
- The Timing Is Never Right
- Ask for Forgiveness, Not Permission
- Emphasize Strengths, Don’t Fix Weaknesses
- Things in Excess Become the Opposite
- Money Alone is Not the Solution
- Relative Income is More Important than Absolute Income
- Distress is Bad, Eustress is Good
The 4HWW Model
His model provides us with a roadmap for realizing our own lifelong dreams. He shows us how to:
- Live like a millionaire
- Free time and automate income
- Outsource our lives to overseas virtual assistants for $5/hour
- Travel the world without quitting our jobs
- Eliminate 50% of our work in 48 hours
- Trade a long-haul career for short work bursts and mini-retirements
He uses the DEAL acronym to describe his model, where:
- D = Definition
- E = Elimination
- A = Automation
- L = Liberation
He encourages us to use “Dreamlining” to design our own luxurious lifestyles. Elimination, simplification, and outsourcing to virtual assistants are the building blocks to a luxurious lifestyle among the New Rich (NR).
This is an art and a science we will refer to as Lifestyle Design (LD). Automation is another key component of the Lifestyle Design (LD) process, i.e., building a system to replace ourselves as bottlenecks. But never automate anything that can be eliminated, and never delegate anything that can be automated or simplified.
Carpe Diem!
Use this book as a roadmap taking you on a journey to opportunities that others will never see. Along the way, you’ll come to realize that having choices; i.e., the ability to choose is powerful.
Personally, I love the idea of creating a 4-Hour Workweek for myself.
Ferriss has shown us that it is possible to realize our dreams - faster and cheaper than we ever thought we could. I plan to implement many of his ideas into my own life.
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