Book Review: Tim Ferriss "The 4 hour work week"
Book Name: "The 4 hour Work Week"
Author: Tim Ferriss
Published: April 24, 2007
Page: 308
Personal rating: 4.8/5
Amazon Review: 18599 global Reviews.
Genre of Book: Self Actualization, Self Improvement, Self Employment.
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| The 4 hour work week by Tim Ferriss | bookreviews2day.blogspot.com |
If you're looking for a different kind of career-and a life-
The 4-Hour Workweek is your blueprint.
Through Timothy Ferriss' story, you'll meet online mentors
who are living all around the world,
people who balance professional lives.
Story Summary:
"The 4 hour work week"
Tim Ferriss discusses in this book
how we can have another business or
extra income while we are working.
Nowadays we think of them as very
rich, those who
earn a lot of money.
It is the product of very little thought.
Just because someone earns a lot of money does not necessarily mean that person
is rich.
The technological fact is that those who have money,
time and can travel wherever they want are the real emirs.
Author discusses DEAL = Definition,
Elimination, Automation and Liberation in this book.
Definition:
Money is not what you are looking for.
When we are desperate to earn more money,
the income may increase, but the reality is that happiness and peace do not
increase to that extent.
Our happiness usually comes from freedom and power.
If you really want to stay ahead, you must set yourself apart from the crowd.
Almost everyone in our society harbors
the idea that they don't
really like doing the job they are
doing.
They survive somehow, and think in their hearts that after retiring or
accumulating a lot of money,
they will spend their days relaxing, doing nothing, just relaxing.
That never happens normally.
Again, a person spends the whole day just relaxing, that also becomes a cause
of irritation at times.
After boredom comes frustration, then it turns into depression.
So, what is the solution?
The solution is just do
the work that you are most passionate about.
There will never be any reluctance to do that work, and there will be no desire
to go into retirement.
We label people who work less as lazy
and people who
work more as hardworking.
Now almost in the office it can be seen who stays in the office longer and that
person is more respected by the owner.
But we forget that no matter how much a person works in the
office, the real essence is the result of the work.
If a student fails after studying all day,
then that study is worthless.
Again, no matter how hard you work to make a product,
if the customer doesn't like it - then that effort is in vain.
So instead of focusing on
effort, we have to focus on results and always focus on
productivity, - to produce more output with less work.
Elimination:
In order to prove yourself as a
successful person,
obstacles that may arise must first be removed.
In order to do some other work besides the job,
you must find extra time, if you can't find time
- then you have to work all your life, and the income will be limited.
So time management is a very important task for you.
Share some 20% effective work at the beginning of the day, which will bring 80%
results at the end of the day.
No matter how much you do, most of the time it is not possible to
bring the work output more than 80%.
So, focus more on main
work.
If something seems to be wasting your time, detach yourself from it at that
moment. If watching a movie
is too boring, stop watching that movie. Watching TV for hours or
spending time online are all useless.
Automation:
This is a business process through
which you can earn
without doing your work, which is called residential income
or royalty income.
So, choose which one is the type of work first.
Select some cheap products, which the customer doesn't have to worry about while
buying, and 1-2 days a week is enough to manage the process.
Before starting a big business, start a small business as an experiment, use
website and Google AdSense and do regular marketing.
Liberation:
When you start a business besides your
job,
even if you spend less time on that business in the beginning,
focus on the next one and prepare to spend more time, because that business
will bring you more income than your salary, and at some point that job will be
needed.
no While on the job, get as much training as you can that you can apply to your
business.
From the income you earn during the job, do not spend what you don't spend,
just spend it, and keep the rest as savings, to invest in the business.
Use
the important time of your life in good work,
not in frivolous work, and you start a new business, which is autopilot mode,
where you can earn unlimited, despite having less time.
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