fbpx

By Timothy Ferriss

Amazon summary:

The New York Times bestselling author of The Four Hour Body shows readers how to live more and work less, now with more than 100 pages of new, cutting-edge content.

Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint.

This step-by-step guide to luxury lifestyle design teaches:

• How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week

• How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want

• How blue-chip escape artists travel the world without quitting their jobs

• How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist

• How to trade a long-haul career for short work bursts and frequent “mini-retirements”

The new expanded edition of Tim Ferriss’ The 4-Hour Workweek includes:

• More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points and reinvented themselves using the original book as a starting point

• Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal

• How Lifestyle Design principles can be suited to unpredictable economic times

• The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either.

Author’s words taken from the book:

Life doesn’t have to be so damn hard. It really doesn’t. Most people, my past self included, have spent too much time convincing themselves that life has to be hard, a resignation to 9-10-5 drudgery in exchange for (sometimes) relaxing weekends and the occasional keep -it-short-or-get-fired vacation.

The truth, at least the truth I live and will share in this book, is

quite different. From leveraging currency differences to outsourcing your life and disappearing, I’ll show you how a small underground uses economic sleight-of-hand to do what most consider impossible.

If you’ve picked up this book, chances are that you don’t want to sit behind a desk until you are 62. Whether your dream is escaping the rat race, real-life fantasy travel, long-term wandering, setting world records, or simply a dramatic career change, this book will give you all the tools you need to make it a reality in the here-and-now instead of in the often elusive “retirement.” There is a way to get the rewards for a life of hard work without waiting until the end.

How? It begins with a simple distinction most people miss—one I missed for 25 years.

People don’t want to be millionaires—they want to experience

what they believe only millions can buy. Ski chalets, butlers, and exotic travel often enter the picture. Perhaps rubbing cocoa butter on your belly in a hammock while you listen to waves rhythmically lapping against the deck of your thatched-roof bungalow? Sounds nice.

$1,000,000 in the bank isn’t a fantasy. The fantasy is the lifestyle of complete freedom it supposedly allows. The question is then, How can one achieve the millionaire lifestyle of complete freedom without first having $1,000,000?

In the last five years, I have answered this question for myself,

and this book will answer it for you. I will show you exactly how I have separated income from time and created my ideal lifestyle in the process, travelling the world and enjoying the best this planet has to offer. How on earth did I go from 14-hour days and $40,000 per year to 4-hour weeks and $40,000 per month?

It helps to know where it all started. Strangely enough, it was in a class of soon-to-be investment bankers.

In 2002,1 was asked by Ed Zschau, ubermentor and my former

professor of High-tech Entrepreneurship at Princeton University, to come back and speak to the same class about my business adventures in the real world. I was stuck. There were already decillion-aires speaking to the same class, and even though I had built a highly profitable sports supplement company, I marched to a distinctly different drummer.

Over the ensuing days, however, I realized that everyone seemed to be discussing how to build large and successful companies, sell out, and live the good life. Fair enough. The question no one really seemed to be asking or answering was, Why do it all in the first place? What is the pot of gold that justifies spending the best years of your life hoping for happiness in the last?

The lectures I ultimately developed, titled “Drug Dealing for Fun

and Profit,” began with a simple premise: Test the most basic

assumptions of the work-life equation.

•-How do your decisions change if retirement isn’t an option? •-What if you could use a mini-retirement to sample your

deferred-life plan reward before working 40 years for it? «~Is it

really necessary to work as a slave to live like a millionaire?

Little did I know where questions like these would take me.

The uncommon conclusion? The commonsense rules of the “real world” are a fragile collection of socially reinforced illusions. This book will teach you how to see and seize the options others do not.

What makes this book different?

First, I’m not going to spend much time on the problem. I’m going to assume you are suffering from time famine, creeping dread, or— worst case—a tolerable and comfortable existence doing something unfulfilling. The last is most common and most insidious.

Second, this book is not about saving and will not recommend

you abandon your daily glass of red wine for a million dollars 50

years from now. I’d rather have the wine. I won’t ask you to choose between enjoyment today or money later. I believe you can have both now. The goal is fun and profit.

Third, this book is not about finding your “dream job.” I will take as a given that, for most people, somewhere between six and seven billion of them, the perfect job is the one that takes the least time. The vast majority of people will never find a job that can be an unending source of fulfilment, so that is not the goal here; to free time and automate income is.

I OPEN EACH class with an explanation of the singular importance of being a “dealmaker.” The manifesto of the dealmaker is simple:

Reality is negotiable. Outside of science and law, all rules can be bent or broken, and it doesn’t require being unethical.

The DEAL of deal-making is also an acronym for the process of

becoming a member of the New Rich.

The steps and strategies can be used with incredible results—

whether you are an employee or an entrepreneur. Can you do everything I’ve done with a boss? No. Can you use the same principles to double your income, cut your hours in half, or at least double the usual vacation time? Most definitely.

Here is the step-by-step process you’ll use to reinvent yourself:

D for Definition turns misguided common sense upside down and introduces the rules and objectives of the new game. It replaces self-defeating assumptions and explains concepts such as relative wealth and eustress.1 Who are the NR and how do they operate?

This section explains the overall lifestyle design recipe—the

fundamentals—before we add the three ingredients.

E for Elimination kills the obsolete notion of time management once and for all. It shows exactly how I used the words of an often forgotten Italian economist to turn 12-hour days into two-hour days … in 48 hours. Increase your per-hour results ten times or more with counterintuitive NR techniques for cultivating selective ignorance, developing a low-information diet, and otherwise ignoring the unimportant. This section provides the first of the three luxury lifestyle design ingredients: time.

A for Automation puts cash flow on autopilot using geographic

arbitrage, outsourcing, and rules of nondecision. From bracketing to the routines of ultra-successful NR, it’s all here. This section provides the second ingredient of luxury lifestyle design: income.

L for Liberation is the mobile manifesto for the globally inclined.

The concept of mini-retirements is introduced, as are the means for flawless remote control and escaping the boss. Liberation is not about cheap travel; it is about forever breaking the bonds that confine you to a single location. This section delivers the third and final ingredient for luxury lifestyle design: mobility.

I should note that most bosses are less than pleased if you spend one hour in the office each day, and employees should therefore read the steps in the entrepreneurially minded DEAL order but implement them as DEL A. If you decide to remain in your current job, it is necessary to create freedom of location before you cut your work hours by 80%. Even if you have never considered becoming an entrepreneur in the modern sense, the DEAL process will turn you into an entrepreneur in the purer sense as first coined by a French economist }. B. Say in 1800—one who shifts economic resources out of an area of lower and into an area of higher yield.

Last but not least, much of what I recommend will seem impossible and even offensive to basic common sense—I expect that. Resolve now to test the concepts as an exercise in lateral thinking. If you try it, you’ll see just how deep the rabbit hole goes, and you won’t ever go back.

Product details

Publisher: Harmony; Expanded, Updated ed. edition (December 15, 2009)

Hardcover: 448 pages

ISBN-10: 0307465357

ISBN-13: 978-0307465351

Dimensions : 5.79 x 1.38 x 8.45 inches

Best Sellers Rank: #2,157 in Books (See Top 100 in Books)

#10 in Time Management (Books)

#24 in Job Hunting & Career Guides

#75 in Business Motivation & Self-Improvement (Books)

Amazon category:  Books › Business & Money › Business Culture

Amazon review 4.5 out of 5