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. Ferriss has been called “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His basic premise is that we need to replace outdated assumptions with the “Rules of the New Rich” and enjoy life now.
We need to replace the limiting assumptions that prevent us from enjoying life now. We’d like to be able to manage our businesses, and our lives, from anywhere, anytime.
We need to value our time and our mobility as we learn to join the ranks of the New Rich (NR).
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. Using principles of elimination, simplification and outsourcing are keys to creating our own lives among the New Rich (NR).
Lifestyle Design (LD) incorporates elements of both art and science. Automation is another key component of the Lifestyle Design (LD) process, i.e., building systems and processes that remove ourselves as bottlenecks. Don’t automate something that can be eliminated, and don’t 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., power in life comes from personal choice.
Personally, I love the idea of creating a 4-Hour Workweek for myself.
Our courage and self-confidence, we can realize our dreams quicker and easier than we ever expected. I plan to implement many of his ideas into my own life.
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