Showing posts with label 4Hour. Show all posts
Showing posts with label 4Hour. Show all posts

Tuesday, July 12, 2011

The 4-Hour Workweek Revised Edition by Timothy Ferriss

Can you have a 4-hour work week and actually survive in today's tough economy? With corporations downsizing and new jobs hard to find is it even feasible to apply the actions suggested in this book? Today, most people who have jobs work long hours and defer holidays and time off for later in life. The big dream is to retire at age 65 with enough cash in the bank to do what you want for the rest of your life.

The premise of the book is that you can work only four hours per week and earn a living. The author, Tim Ferriss, was your typical entrepreneur who did everything himself and thought no one could do anything he did better. He didn't take time off and worked himself to the point of having a breakdown from the 80 plus hour weeks. He decided that he needed to take some time off, but needed to make some changes in his business and himself before he could be away from the office for more than a couple of hours.

The book is about the changes that he and others made to free their time to do more of what they want in life such as, travel and spending time with family. The added bonus that the author found was that his business became more efficient and profitable when he removed himself from most of the daily routine. The author describes in detail what he and others have done to achieve more freedom in their lives. In the revised edition of the book he adds case studies and comments from readers about the changes in their lives after reading the first edition and implementing the author's ideas and suggestions. The author gives the names of companies, plans and services that he used to achieve the time freedom to pursue his dreams. The book is directed at business owners and employees and offers ideas for both to become more efficient and productive with less time spent working.

Timothy Ferriss now travels and enjoys life experiences that the average person would consider reserved for multi-millionaires. The author refers to this lifestyle as the life of the "New Rich". The New Rich do not accept the deferred life plan that most baby boomers view as the norm. The norm is to work for 45 - 50 years and then retire to do what you always wanted, if you still can. The New Rich use mini retirements scattered throughout life instead of leaving everything to the end. Life is supposed to be about the journey not the destination.

The concepts, ideas and plans described in the book apply to entrepreneurs, business owners, employees and people who are searching for what to do next in life. If you are curious about what your life could be read this book, the journey will be amazing.

Mark Johnson is a life coach and consultant, who loves getting the most out of life and enjoys helping others to do the same. He enjoys a full life with his family and horses on his ranch in the Rocky Mountain Foothills. Mark is the founder of Your Wealth and Wisdom. Visit his website http://moneywealthwisdom.com/

It is my mission to help everyone learn to become wealthy. There is more than enough for everyone because we don't all define wealth in the same way or want the same things in life. You can learn more about how to make money, build businesses, protect your wealth, eliminate debt and develop passive income streams at my website http://moneywealthwisdom.com/


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Sunday, July 10, 2011

The 4-Hour Workweek - Why The Lights At My Place Might Be On A Little Longer

Timothy Ferriss shares some insights into his business and how he developed a business model to work only four hours a week. While the four hour workweek may not be for everyone, there are some pearls of wisdom that Mr. Ferriss shares with the reader.

1) Are you climbing the wrong ladder? Mr. Ferriss turns the philosophy of get a good education, work real hard (for someone else), climb the corporate ladder to end in retirement upside down. He makes you think of how much do you really need. Wealth is measured not only in money, but also time and freedom.

2) The notion that work = time = results is turned upside down.Results are all that matter. In fact, he shares how he increased his work output and decreased his time input by working on only high value projects. How many time wasters can you identify in your life? At work there's email, meetings, the meetings before and after the meetings, and time spent socializing. At home there's the telephone, computer, television, and those of so fun household tasks. So what is the goal in each one of these areas of our lives? If we gain focus on the true desired result, eliminate the noise, and delegate the rest we can become extremely valuable at work and home. How much more productive can you be? He shares ways to increase productivity ten-fold.

3) Automation is the key to true freedom. This part explores the world of using virtual assistants, making all payments automatic with a credit card, using auto responders to limit email, and a whole lot more. Mr. Ferriss shares examples of businesses set up on true autopilot that provide a consistent cash flow with very little involvement. This section is truly a must read for anyone seeking true freedom.

4) In the liberation section, Mr. Ferriss shares how the truly free person is free to roam the earth and conduct business anywhere. Modern technology does make such a lifestyle more attainable. The ability to plug in, connect and communicate is an indispensable piece of the puzzle. It is an interesting lifestyle; however it may not be for everyone. The extensive use of automation, surrogates and virtual assistants, does have it limits and dangers. One can gather a few tips on traveling and conducting business throughout the globe.

For anyone inclined toward the life of an entrepreneur, Tim Ferriss' book The 4-Hour Workweek is a must read. It will challenge some of your beliefs. It will cause you to rethink how you do "work". And most of all, it may change the way you do business.

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