Design Your 4-Hour Workweek

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 Ferriss to be an “Indiana Jones for the digital age”.

Ferriss’ challenging book has been a #1 Wall Street Journal Best Seller, a #1 NY Times Best Seller, and a #1 BusinessWeek Bestseller.

Replace Obsolete Assumptions

His basic premise is that we need to replace many, if not most, of our current assumptions and apply what he calls the “Rules of the New Rich”.

Outdated assumptions limit us and prevent us from enjoying life now. We need to be able to manage our businesses, and our lives, from anywhere, anytime.

Freeing our time and increasing our mobility are pathways to the lifestyle 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. We need to focus our current efforts on elimination, simplification and outsourcing if we want to find ourselves among the New Rich (NR).

The Lifestyle Design (LD) process is both an art and a science. Lifestyle Design (LD) relies heavily upon automation, i.e., building systems and processes that remove ourselves as bottlenecks. Don’t automate anything that should be eliminated, and don’t delegate anything that should be automated or simplified.

Carpe Diem!

Courage and self-confidence are the necessary ingredients for realizing our lifelong dreams. 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.

Ferriss has shown us that it is possible to realize our dreams – faster and cheaper than we ever thought we could.  I plan to implement many of his ideas into my own life.

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