Kick The Job

Back again, and here’s the final part of my review of the Four Hour Work Week. The next major points I took in from reading the rest of the book:

1. The need to find/build an automated business where you can achieve your income goals in an automated fashion with minimal time input. The most important thing is to not swap time for money as most people do in their jobs. The book goes into some detail regarding options such as reselling, licensing and creating products including how to test markets. Some of the niche market idea generation are similar to what is taught in the Thirty Day Challenge which I will talk abou in a later post. Tim is a big fan of information products which is where my business is going.
2. How to convince your boss (if you have one) your ability to ‘work from home’ by showing increased productivity when you are not in the office. This has the advantage of enabling you to work on building a business while you still have a job.
3. The New Rich lifestyle and how to create a lifestyle that is more rewarding and fulfilling than the current traditional “Work for 45 years, then retire and play golf” mindset. There are some great tips and insights here. It really comes down to asking yourself why should you have to wait till retirement until you enjoy life again. What can you do in the meantime so that you live a content life? Which again comes down to lifestyle design.

That’s it for my review or really major points summary of The Four Hour Work Week. I generally found the first half of the book more inspiring overall, but in reality it is a fantastic book. An absolute must read and probably now my favorite non-fiction book.

OK, so there’s lots to do. Not least of which to post a bit of my history and ‘about me’ on this blog and try to find a cooler theme! However, in the meantime I wanted to post something that people could use straight away. So, here’s the top 5 points I got from reading the first half of Four Hour Work Week, by Tim Ferriss.

1. Design Your Life!! Don’t accept what you’re doing and have if you don’t like it! Make the most of the time here and design your lifestyle the way you want it.
2. Conquer your fears. A lot of people don’t like their jobs. So, what would really happen if you left it? What are the worst case scenarios and how can you address and overcome those?
3. It’s all about relative cash flow. It doesn’t matter if you’re making $200kUS per year. If you’re working 70 hour weeks to get that, what is your real hourly rate and quality of life? Would earning $100KUS in a year, but only working on average 20 hours per week be better?
4. Ruthlessly cut out non value add activities and stress inducing parts of your life. Eliminate useless information consumption. Increase your efficiency when earning $$ in order to free up time to spend on other activities you want in conjunction with your lifestyle design.
5. Outsource! In the global economy, there is a lot of daily and weekly menial tasks that can be outsourced to save you time and headaches. What is your time worth and what can you have done by someone else for less than that amount?

That’s it for now. Stay tuned for more soon!