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7 Pivotal Lessons from The 4-Hour Workweek by Tim Ferriss ( @tferriss)
"Never automate something that can be eliminated, and never delegate something that can be automated."
// THREAD //
"Never automate something that can be eliminated, and never delegate something that can be automated."
// THREAD //
1. Escape Normal
Come to terms that “normal” is a societal implicit system built for people to fall into.
This doesn’t have to be your life.
Learn your “Lifestyle Design” and pursue it.
Calculate how much money you need and get started.
Come to terms that “normal” is a societal implicit system built for people to fall into.
This doesn’t have to be your life.
Learn your “Lifestyle Design” and pursue it.
Calculate how much money you need and get started.
2. Write Down Fears
Courage is not a lack of fear, but acting in spite of it.
Write down your worst fears in detail, then see how you feel.
For more on this, Tim has a great TED talk on this topic: Fear Setting.
I’d encourage you to listen.
Courage is not a lack of fear, but acting in spite of it.
Write down your worst fears in detail, then see how you feel.
For more on this, Tim has a great TED talk on this topic: Fear Setting.
I’d encourage you to listen.
3. The 80/20 Rule
Work less, accomplish more.
This rule, also known as Pareto Principle, speaks to the idea of 80% of our results in almost anything come from 20% of the inputs.
Spend more time on that 20%.
Work less, accomplish more.
This rule, also known as Pareto Principle, speaks to the idea of 80% of our results in almost anything come from 20% of the inputs.
Spend more time on that 20%.
4. Remove Distractions
Get rid of useless information consumption and avoid digital dementia.
How?
- Don’t watch the news
- Put your phone away when working
- Check email 1-2 a day
- Learn how-to things on the spot, rather than learning in advance
Get rid of useless information consumption and avoid digital dementia.
How?
- Don’t watch the news
- Put your phone away when working
- Check email 1-2 a day
- Learn how-to things on the spot, rather than learning in advance
5. Create Passive Income
Understand what you are passionate about and create a product/service to sell.
This can include:
- Information products
- Physical products
- Reselling
- Licensing
- Passive service
Understand what you are passionate about and create a product/service to sell.
This can include:
- Information products
- Physical products
- Reselling
- Licensing
- Passive service
6. Test Your Idea
See if people want your product.
Sell the product before doing the work to make it.
- Create a sales page
- Send visitors to the page
- Put a “product out of stock” notice on the checkout
See if people want your product.
Sell the product before doing the work to make it.
- Create a sales page
- Send visitors to the page
- Put a “product out of stock” notice on the checkout
7. Aim for Excitement
Continually work on fulfilling projects and go on adventures.
Passive income will allow you to do this.
Achieve consistent excitement with:
- Continual learning
- Mini-retirements
- A full-time vocation
- Charitable service
Continually work on fulfilling projects and go on adventures.
Passive income will allow you to do this.
Achieve consistent excitement with:
- Continual learning
- Mini-retirements
- A full-time vocation
- Charitable service
Book Bite (Quick Summary)
Shares a new strategy to:
- Eliminate the work we do that is least productive.
- Outsource repetitive time-consuming tasks.
- Building an automated business that provides passive income.
Shares a new strategy to:
- Eliminate the work we do that is least productive.
- Outsource repetitive time-consuming tasks.
- Building an automated business that provides passive income.
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