Create Your Own 4-Hour Work Week
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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 him to be heroic, like an “Indiana Jones for the digital age”.
This exciting 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His basic premise is that we need to replace outdated assumptions with the “Rules of the New Rich” and enjoy life now.
Outdated assumptions limit us and prevent us from enjoying life now. We ought to replace limiting assumptions that waste our time and force us to live in a particular location.
Ferriss encourages us to abandon deferring a luxurious lifestyle and instead, build the life we want right now, using the currency of freed-up time and increased 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).
The Lifestyle Design (LD) process is both an art and a science. Another key component of the lifestyle design process is automation, i.e., creating systems and processes that remove ourselves as bottlenecks. But he cautions that we should never automate something that could be eliminated, and we should never delegate something that could be automated or simplified.
Carpe Diem!
This book shows how to recognize and seize opportunities that others miss. Along the way, you’ll come to realize that having choices; i.e., power in life comes from personal choice.
Ferriss’ 4 Hour Workweek book is compelling as proven by its #1 ranking on three different best seller lists.
Tim Ferriss shows us how to apply our courage and self-confidence in realizing our lifelong dreams - easier and cheaper than we ever thought possible. I plan to implement many of his ideas into my own life.
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