Four Hours Workweek is really amazing. I highly recommend this book. I believe it is full of life-enhancing techniques. Reading this book will definitely change your life in a way or another.
The main idea of the book revolves around “New Rich” concept. The book is more like a road map to become a New Rich by through DEAL. D for Definition, E for Eliminate, A for Automate and L for liberate.
Definition turns common sense upside down. It dispels a lot of our assumptions about life and introduces new definitions and rules for life. New Rich definition is introduces a long with the three important ingredients of being a New Rich
Elimination is my favorite part of the book. It illustrates that most of the work we do is not really important, this is supported with Parkinson’s law and Pareto’s 80/20 rule. The idea behind elimination, is to free time by doing what is really important and by batching similar tasks together. I believe all the techniques introduces in this section are applicable. I have applied most of them to my daily activities and they helped me save a lot of time.
Automation covers creating automated cash flow. A project that keeps generating money with least follow up possible from you, so that you enjoy your time. In automation, Tim Ferris, provides a complete road map on how to create product, test it, price it and manage it. He also introduced the concept of Virtual Assistant and how to handle them. Unfortunately, most of the technique he introduced are only applicable to US and developed countries. Applying this part in a developing country will be a nightmare I believe.
Liberation is where you enjoy your life!. It’s about how to be anywhere you want. Liberate is about how to escape from yourself after you escape from your work.
Elimination gives you time, Automation gives you money and Liberation gives you mobility. Time, money and mobility are the three ingredient to be a New Rich.
The book is really rich with eye-opener facts and thoughts, to mention some:
- Have a bigger goal, there is just less competition for bigger goals.
- To have an uncommon lifestyle, you need to develop the uncommon habit of making decisions, both for yourself and for others
- What you do is definitely more important that how you do it. Efficiency is still important but it is useless unless applied to the right thing
- Dedication is often just meaningless work in disguise. be ruthless and cut the fat
- We spend too much time with those who poison us with pessimism
- Unnecessary reading is public enemy
- Having a reputation for being assertive will help you receive preferential treatment without having to be or fight for it every time
- People are poor judges of importance and inflate minutiae to fill time and feel important
- It’s uncool to spend time babysitting people who are supposed to make your life easier
- Free PDF of The 4-Hour Workweek by Tim Ferriss (mymoneyblog.com)