Do you wish that you could travel the world and enjoy everything that it has to offer while only working 4-hours a week. While this might sound impossible, it is exactly what Tim Ferris promises in his book, The 4-Hour Workweek : Escape 9-5, Live Anywhere, and Join the New Rich.
In this book, Ferriss tells us that we can forget the old concept of retirement. He says that with smart lifestyle design, we don’t need to wait - we can have it all now. The 4-Hour Workweek offers us his blueprint for a life of travel and enjoyment financed by a 4-hour workweek.
Nominated as one of Fast Company’s “Most Innovative Business People of 2007,” Tim Ferriss runs his multinational firm from remote locations worldwide. He is a regular lecturer at Princeton University, where he presents entrepreneurship as a tool for ideal lifestyle design and world change. He has a diverse background and experience, including working as an actor, speaking seven foreign languages, holding a world record in tango, and being a national Chinese kickboxing champion.
In The 4-Hour Workweek, Ferriss uses the acronym DEAL for the four main sections of his book. This acronym stands for Definition, Elimination, Automation, and Liberation.
Definition – You define the ultimate goals for your life and then calculate the monthly income required to achieve these goals.
Elimination – You apply the “Pareto Principle” (80/20 rule) to remove the 80% of the stuff that doesn’t provide a major benefit to your life.
Automation –You develop and implement an automatic and sustainable source of income. For him, this includes using websites and 800 numbers to sell products, and outsourcing the manufacturing and delivery of these products. While there is a lot of useful information in this section, Ferriss makes the idea of automating the development and sales of a product sound a little to easy.
Liberation – You liberate yourself from employment and geographical constraints. This may include either quitting your present job, or getting your employer to agree to”telecommuting” as a way to work less hours. Liberation provides the time that you will need to work on automating your own products. Ferriss points out that if you already have a regular job, you must liberate yourself prior to implementing the other three steps of his process.
The expanded and updated edition of The 4-Hour Workweek includes:
- Practical tips and case studies from readers who have reinvented themselves using the original version of the book.
- Examples and templates that you can use for eliminating email and negotiating with your boss.
- Dozens of tools, tricks, and websites that you can use to help you with everything from starting your own company to traveling the world at a discount.
If you are looking for a book that will help you create your vision, become more effective, and spend more time traveling the world – this book is the book for you. If you are looking to escape the 9-5 by starting a company of your own – you will enjoy this book. This book is full of helpful information, and it is well worth the price for that reason alone. I recommend that you pick up a copy here, or borrow it from the library.
Disclosure of Material Connection: Some of the links in the post above are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”