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. Ferriss has been called “Indiana Jones for the digital age”.
His provocative 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 embrace the “Rules of the New Rich” instead of out-dated assumptions that limit our lives.
Home Business owners need to replace limiting assumptions and learn to enjoy life now. We should replace limiting assumptions that waste our time and force us to live in a particular location.
Ferriss encourages us to abandon deferring a luxurious lifestyle and instead, build the life we want right now, using the currency of freed-up time and increased mobility.
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. His recommendations rely heavily upon elimination, simplification, and outsourcing to virtual assistants.
Lifestyle Design (LD) incorporates elements of both art and science. Another key component of the lifestyle design process is automation, i.e., creating systems and processes that eliminate ourselves as bottlenecks. But never automate something that could be eliminated, and never delegate something that could 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., the ability to choose, is the real power in life.
I plan to create my own 4-Hour Workweek; how about you.
Our courage and self-confidence, we can realize our dreams quicker and easier than we ever expected. I plan to implement many of his ideas into my own life.
One superb starting point for picking up all the knowledge about internet marketing that you will need to be successful is to enroll in the Online Success for Beginners course.
Popularity: 16% [?]
Be The First To Comment
Related Post
Please Leave Your Comments Below