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The 4-Hour Work-Week Review

January 03, 2012 | Comments: 0 | Views: 149

What is your lifestyle like? Perhaps working nine to five, a fulltime college student, full time mother, or even all three! Have ever wondered if there was a way you could break out your current lifestyle? You bet! Timothy Ferriss has escaped the rat race and now has shown us how to do it for ourselves. Inside the 4-Hour Workweek you will find how to minimize work time, make passive income, how to take min-retirements, and much more to help you achieve the lifestyle you never thought possible.

Tim starts the book by contrasting the deferrers the new rich. He defines deferrers as those who work all their life and save everything for the end. The new rich, Tim says, are those who enjoy a mobile lifestyle, being able to work from anywhere, and most of all breaking the 9-5 rat race. He says that being unreasonable and having a defined unreasonable dream-line is key to achieving new rich status. Along with each chapter Tim has a comfort challenge, some of them may seem silly or trivial, but they help to break the reader out of their current shell, something that is necessary to start moving towards a new lifestyle.

In this guide you will find a sections titled elimination. This focuses on doing the tasks that are most important to taking you a step closer to your dream-line. Tim says many people stay busy, but they may be busy with just staying busy. This chapter will teach us how to stay effective by staying on the tasks that matter most. One of my favorite parts of this section comes from a principal that Ferriss got from an economist named Vilfredo Pareto. This is something called the 80/20 principal. Tim says that principal can be applied by asking the following questions.

1.) Which 20% of sources are causing 80% of my problems and unhappiness?

2.) Which 20% of sources are resulting in 80% of my desired outcomes and happiness?

He says by asking yourself these questions you can find your inefficiencies and eliminate them, while also identifying your strengths and multiplying them.

Next is my personal favorite step in the book, which is on Automation. This section is guide on how to outsource things that are unnecessary for you to be involved with. This is the major step on top of the earlier elimination step that will help you achieve freedom from you work. Tim says that this step is a critical part of the lives of the new rich. Furthermore in this section you will find steps and strategies to achieving passive income. Some of the steps include picking a profitable niche, and marketing or creating a product, along with many resources that have been used by Tim himself to help with these steps.

The final step Tim calls liberation. This is all about how to escape the office, entrepreneur or employee. In this section you will find step-by-step how to negotiate a remote work location with your boss. This is to help any employee stuck in their 9-5 routine that would like to break being bound to the office.

Overall this book is a great guide to achieving an alternative lifestyle. If you are someone who is looking for more time with family and friends, freedom to travel, or extra income, this book is a guide you can't afford not to read.

Source: EzineArticles
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