Nat n Hatch Freedom 31

1Feb/091

Lessons from The 4 hours work week

4hww

I started following Tim Ferriss blog after a friend sent me the link.

My first reaction was that Tim Ferriss was way too weird to my taste... I didn't believe that he could be 100% truthful in his blog... How he became a tango professional dancer by hiring a local dancer at a local rate, how he learns any language in 3 months by cutting down on some elements usually taught in school, how he wanted to become an actor and became one... in Hong Kong and mainland China...

The other day, while I was visiting some friend in my hometown, that friend and I got talking about Tim Ferriss. That friend of mine happened to had read his book and to have liked it.  That why, the other day, as I was browsing in the bookstore, I remembered about Tim Ferriss book... So I went and found it, found a cozy spot in the bookstore to sit down and started reading the book.

I realized that he was nowhere as crazy in the book as he is the blog. The 4 hours work week book is a bit less cliché than Rich Dad Poor Dad. I did find it more enjoyable to read, because Tim Ferriss demonstrates what he means by his weird own experiences.  I still think that Tim Ferriss is a little bit odd, but I came to realize, just like Rich Dad Poor Dad, that The 4 hours work week book is a great book for the big concepts it brings and to get start ideas about becoming independently wealthy and create residual income.

So the big idea of The 4 hours work week revolve around 4 concepts: Define your goal, Eliminate distractions to free up your time, Automate your cash flow, Liberate yourself of the traditional and expected stuff.

To define goals. Basically what do you want? Nothing more nothing less... I guess a question we often don't know the answer. That's why we should take some time one day to decide what we really want (What do I really want??)

To eliminate distractions in order to create free time. In summary, learn to focus focus focus on the 20% most important things, and learn to say no. 20% seems a little bit low to my opinion, but it's the general idea I would like to emphasize: focus on important things, and learn to create free time for yourself.

To automate cash flow, create residual income and outsource. I personally think that Tim Ferriss does emphasize too much on outsourcing, and that he sometimes brings the outsourcing to a ridiculous and even offensive level.

To liberate yourself from the conventional, be different. Tim Ferriss recommend to make changes to your professional life, change your job so you can increase your mobility. Use your time to follow your dreams.

Of course Tim Ferriss book is not for everybody. Many people do not want what Tim Ferriss wants to experience. I know many people who are less than interested in trying weird stuff and living around the globe. I find most people like the cozy idea of staying in their hometown, getting a cute house the suburbs, a good job, getting married, having children and possibly early retire at 58-59.

However this conventional lifestyle I find does not suit me (yet), and this why Rich Dad Poor Dad and The 4 hours week work books are so appealing to me. It has open my eyes to all the possibilities beyond my everyday job.