Thursday, July 17, 2008

The 4-Hour Workweek by Timothy Ferriss

I have recently starting reading (listening actually from the audiobook) The 4-Hour Workweek by Timothy Ferriss. It's been a thought-changing book so far and he has a lot of great ideas to tackle your fears and your passions in life. He started off working in an office like many Americans and made a dramatic change to alter his life and travel the world, all the while working only 4-hours on his own businesses.

His book is broken out into the following chapters:
Definition means to figure out what a person wants, get over fears, see past society's "expectations", and figure out what it will really cost to get where a person wants to go.

Elimination is about time management, or rather about not managing time. This is achieved applying the 80/20 rule to focus only on those tasks that contribute the majority of benefit. There's a difference, Ferriss says, between efficiency and effectiveness. The books emphasis is on effectiveness.

Automation is about building a sustainable, automatic source of income. This includes techniques such as drop-shipping, automation, Google Adwords and Adsense and outsourcing.

Liberation is dedicated to the successfully automated of one's lifestyle and the liberatation from a geographical location and job. Incidentally, Ferriss notes that if somebody has a regular job, the order of steps will be DELA, not DEAL.

The book asserts that technology such as email, instant messaging and internet-enabled pda's complicate life rather than simplify it. It advocates hiring virtual assistants from developing countries such as India to free up personal time.

Source: Wikipedia
Timothy Ferriss also writes a blog and maintains a website. Check them out! You can also check out my previous post - Timothy Ferriss, American Author and Speaker.

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