The 4-Hour Workweek
Escape 9-5, Live Anywhere, and Join the New Rich
Expanded and Updated
by Timothy Ferriss
Read: 2016-11-06, Rating: 8/10.
I regularly listen to The Tim Ferriss Show podcast. I owe much of my new found learning spirit to his episodes with Derek Sivers, Jamie Foxx, and Tony Robbins. I will buy a physical copy of this book and treat it as an encyclopedia. The 4-Hour Workweek provides step-by-step breakdown for Lifestyle Design, Escape 9-5, Live Anywhere, and Join the New Rich.
Compared to living in the United States of America, your money can go a long way in other countries. Retirement shouldn’t be the goal. Don’t work your whole life to retire on a boat. Have mini-retirements now and spend time on the boat now!
What are you waiting for?
Convert goals from “being” to a “doing”
The Pareto principle is a principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that 20% of the invested input is responsible for 80% of the results obtained.
80% Rewards come from giving 20% of Effort.
80% Happiness comes from 20% of Sources.
80% Income comes from 20% of Customers.
Stop chasing the bad customers that give you grief. It’s not worth the effort. Focus on the important few, and ignore the rest.
Perform a thorough 80/20 analysis every 2-4 weeks for your business and personal life.
Parkinson’s law is the adage that “work expands so as to fill the time available for its completion”, and the title of a book which made it well-known.
Do not multitask. Complete tasks from start-to-finish without distraction. Phone calls, text messages and emails interrupt your start-to-finish completion. Tell people “I’m in the middle of something” if interrupted. Respond to emails at dedicated intervals and respond to all questions in form of email. Write if-then statements in emails so they don’t need a response. Ask to define the agenda: the topics and questions and if forced to have a meeting, define the end time. Do not leave these open-ended.
Stop watching the news, checking business emails. Stop inviting others to interrupt your work. Problems, as a rule, solve themselves or disappear if you remove yourself as an information bottleneck and empower others.
Ask yourself: Will I definitely use this information for something immediate and important?
Don’t save “just-in-CASE” information, only work with “just-in-TIME” information.
Tim Ferriss posted The 4-Hour Workweek Tools on his website so we can have this information just-in-time.