The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

by Timothy Ferriss

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Overview

What do you do? Tim Ferriss has trouble answering the question. Depending on when you ask this controversial Princeton University guest lecturer, he might answer:

“I race motorcycles in Europe.”
“I ski in the Andes.”
“I scuba dive in Panama.”
“I dance tango in Buenos Aires.”

He has spent more than five years learning the secrets of the New Rich, a fast-growing subculture who has abandoned the “deferred-life plan” and instead mastered the new currencies—time and mobility—to create luxury lifestyles in the here and now.

Whether you are an overworked employee or an entrepreneur trapped in your own business, this book is the compass for a new and revolutionary world. Join Tim Ferriss as he teaches you:

• How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
• How blue-chip escape artists travel the world without quitting their jobs
• How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
• How to trade a long-haul career for short work bursts and freuent "mini-retirements"
• What the crucial difference is between absolute and relative income
• How to train your boss to value performance over presence, or kill your job (or company) if it’s beyond repair
• What automated cash-flow “muses” are and how to create one in 2 to 4 weeks
• How to cultivate selective ignorance—and create time—with a low-information diet
• What the management secrets of Remote Control CEOs are
• How to get free housing worldwide and airfare at 50–80% off
• How to fill the void and create a meaningful life after removing work and the office

You can have it all—really.

Product Details

ISBN-13: 9780091923723
Publisher: Vermilion
Publication date: 02/28/2010
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

About the Author

TIMOTHY FERRISS is a serial entrepreneur, #1 New York Times bestselling author, and angel investor/advisor (Facebook, Twitter, Evernote, Uber, and 20+ more).  Best known for his rapid-learning techniques, Tim's books -- The 4-Hour Workweek, The 4-Hour Body, and The 4-Hour Chef -- have been published in 30+ languages. The 4-Hour Workweek has spent seven years on The New York Times bestseller list. Tim has been featured by more than 100 media outlets including The New York Times, The Economist, TIME, Forbes, Fortune, Outside, NBC, CBS, ABC, Fox and CNN. He has guest lectured in entrepreneurship at Princeton University since 2003. His popular blog www.fourhourblog.com has 1M+ monthly readers, and his Twitter account @tferriss was selected by Mashable as one of only five “Must-Follow” accounts for entrepreneurs. Tim’s primetime TV show, The Tim Ferriss Experiment (www.upwave.com/tfx), teaches rapid-learning techniques for helping viewers to produce seemingly superhuman results in minimum time.

Read an Excerpt

Cautions and Comparisons

How to Burn $1,000,000 a night

These individuals have riches just as we say that we “have a fever,” when really the fever has us.

—seneca (4 b.c.–a.d. 65)

I also have in mind that seemingly wealthy, but most terribly impoverished class of all, who have accumulated dross, but know not how to use it, or get rid of it, and thus have forged their own golden or silver fetters.

—henry david thoreau (1817–1862)

1:00 a.m. cst, 30,000 feet over las vegas

His friends, drunk to the point of speaking in tongues, were asleep. It was just the two of us now in first-class. He extended his hand to introduce himself, and an enormous—Looney Tunes enormous—diamond ring appeared from the ether as his fingers crossed under my reading light.

Mark was a legitimate magnate. He had, at different times, run practically all the gas stations, convenience stores, and gambling in South Carolina. He confessed with a half smile that, in an average trip to Sin City, he and his fellow weekend warriors might lose an average of $500,000 to $1,000,000—each. Nice.

He sat up in his seat as the conversation drifted to my travels, but I was more interested in his astounding record of printing money.

“So, of all your businesses, which did you like the most?”

The answer took less than a second of thought.

“None of them.”

He explained that he had spent more than 30 years with people he didn’t like to buy things he didn’t need. Life had become a succession of trophy wives—he was on lucky number three—expensive cars, and other empty bragging rights. Mark was one of the living dead.

This is exactly where we don’t want to end up.

Apples and Oranges: A Comparison

So, what makes the difference? What separates the New Rich, characterized by options, from the Deferrers (D), those who save it all for the end only to find that life has passed them by?

It begins at the beginning. The New Rich can be separated from the crowd based on their goals, which reflect very distinct priorities and life philosophies.

Note how subtle differences in wording completely change the necessary actions for fulfilling what at a glance appear to be similar goals. These are not limited to business owners. Even the first, as I will show later, applies to employees.

D:To work for yourself.

NR:To have others work for you.

D:To work when you want to.

NR:To prevent work for work’s sake, and to do the minimum necessary for maximum effect (“minimum effective load”).

D:To retire early or young.

NR:To distribute recovery periods and adventures (mini-retirements) throughout life on a regular basis and recognize that inactivity is not the goal. Doing that which excites you is.

D:To buy all the things you want to have.

NR:To do all the things you want to do, and be all the things you want to be. If this includes some tools and gadgets, so be it, but they are either means to an end or bonuses, not the focus.

D:To be the boss instead of the employee; to be in charge.

NR:To be neither the boss nor the employee, but the owner. To own the trains and have someone else ensure they run on time.

D:To make a ton of money.

NR:To make a ton of money with specific reasons and defined dreams to chase, timelines and steps included. What are you working for?

D:To have more.

NR:To have more quality and less clutter. To have huge financial reserves but recognize that most material wants are justifications for spending time on the things that don’t really matter, including buying things and preparing to buy things. You spent two weeks negotiating your new Infiniti with the dealership and got $10,000 off? That’s great. Does your life have a purpose? Are you contributing anything useful to this world, or just shuffling papers, banging on a keyboard, and coming home to a drunken existence on the weekends?

D:To reach the big pay-off, whether IPO, acquisition, retirement, or other pot of gold.

NR:To think big but ensure payday comes every day: cash flow first, big payday second.

D:To have freedom from doing that which you dislike.

NR:To have freedom from doing that which you dislike, but also the freedom and resolve to pursue your dreams without reverting to work for work’s sake (W4W). After years of repetitive work, you will often need to dig hard to find your passions, redefine your dreams, and revive hobbies that you let atrophy to near extinction. The goal is not to simply eliminate the bad, which does nothing more than leave you with a vacuum, but to pursue and experience the best in the world.

Getting Off the Wrong Train

The first principle is that you must not fool yourself, and you are the easiest person to fool.

—richard p. feynman, Nobel Prize–winning physicist

Enough is enough. Lemmings no more. The blind quest for cash is a fool’s errand.

I’ve chartered private planes over the Andes, enjoyed many of the best wines in the world in between world-class ski runs, and lived like a king, lounging by the infinity pool of a private villa. Here’s the little secret I rarely tell: It all cost less than rent in the United States. If you can free your time and location, your money is automatically worth 3–10 times as much.

This has nothing to do with currency rates. Being financially rich and having the ability to live like a millionaire are fundamentally two very different things.

Money is multiplied in practical value depending on the number of W’s you control in your life: what you do, when you do it, where you do it, and with whom you do it. I call this the “freedom multiplier.”

Using this as our criterion, the 80-hour-per-week, $500,000-per-year investment banker is less “powerful” than the employed NR who works 1?4 the hours for $40,000, but has complete freedom of when, where, and how to live. The former’s $500,000 may be worth less than $40,000 and the latter’s $40,000 worth more than $500,000 when we run the numbers and look at the lifestyle output of their money.

Options—the ability to choose—is real power. This book is all about how to see and create those options with the least ef- fort and cost. It just so happens, paradoxically, that you can make more money—a lot more money—by doing half of what you are doing now.

So, Who Are the NR?

qThe employee who rearranges his schedule and negotiates a remote work agreement to achieve 90% of the results in one-tenth of the time, which frees him to practice cross-country skiing and take road trips with his family two weeks per month.

qThe business owner who eliminates the least profitable customers and projects, outsources all operations entirely, and travels the world collecting rare documents, all while working remotely on a website to showcase her own illustration work.

qThe student who elects to risk it all—which is nothing—to establish an online video rental service that delivers $5,000 per month in income from a small niche of HDTV aficionados, a two-hour-per-week side project that allows him to work full-time as an animal rights lobbyist.

The options are limitless, but each path begins with the same first step: replacing assumptions.

To join the movement, you will need to learn a new lexicon and recalibrate direction using a compass for an unusual world. From inverting responsibility to jettisoning the entire concept of “success,” we need to change the rules.

''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

New Players for a New Game: Global and Unrestricted

'Turin,'Italy'

Civilization had too many rules for me, so I did my best to rewrite them.—Bill Cosby

As he rotated 360 degrees through the air, the deafening noise turned to silence. Dale Begg-Smith executed the backflip perfectly—skis crossed in an X over his head—and landed in the record books as he slid across the finish.

It was February 16, 2006, and he was now a mogul-skiing gold medalist at the Turin Winter Olympics. Unlike other full-time athletes, he will never have to return to a dead-end job after his moment of glory, nor will he look back at this day as the climax of his only passion. After all, he was only 21 years old and drove a black Lamborghini.

Born a Canadian and something of a late bloomer, Dale found his calling, an Internet-based IT company, at the age of 13. Fortunately, he had a more-experienced mentor and partner to guide him: his 15-year-old brother, Jason. Created to fund their dreams of standing atop the Olympic podium, it would, only two years later, become the third-largest company of its kind in the world.

While Dale’s teammates were hitting the slopes for extra sessions, he was often buying sake for clients in Tokyo. In a world of “work harder, not smarter,” it came to pass that his coaches felt he was spending too much time on his business and not enough time in training, despite his results.

Rather than choose between his business or his dream, Dale chose to move laterally with both, from either/or to both/and. He wasn’t spending too much time on his business; he and his brother were spending too much time with Canucks.

In 2002, they moved to the ski capital of the world, Australia, where the team was smaller, more flexible, and coached by a legend. Three short years later, he received citizenship, went head-to-head against former teammates, and became the third “Aussie” in history to win winter gold.

In the land of wallabies and big surf, Dale has since gone postal. Literally. Right next to the Elvis Presley commemorative edition, you can buy stamps with his face on them.

Fame has its perks, as does looking outside the choices presented to you. There are always lateral options.

'NEW'CALEDONIA,'SOUTH'PACIFIC'OCEAN'

Once you say you’re going to settle for second, that’s what happens to you in life.—John F. Kennedy

Some people remain convinced that just a bit more money will make things right. Their goals are arbitrary moving targets: $300,000 in the bank, $1,000,000 in the portfolio, $100,000 a year instead of $50,000, etc. Julie’s goal made intrinsic sense: come back with the same number of children she had left with.

She reclined in her seat and glanced across the aisle past her sleeping husband, Marc, counting as she had done thousands of times—one, two, three. So far so good. In 12 hours, they would all be back in Paris, safe and sound. That was assuming the plane from New Caledonia held together, of course.

New Caledonia?

Nestled in the tropics of the Coral Sea, New Caledonia was a French territory and where Julie and Marc had just sold the sailboat that took them 15,000 miles around the world. Of course, recouping their initial investment had been part of the plan. All said and done, their 15-month exploration of the globe, from the gondola-rich waterways of Venice to the tribal shores of Polynesia, had cost between $18,000 and $19,000. Less than rent and baguettes in Paris.

Most people would consider this impossible. Then again, most people don’t know that more than 300 families set sail from France each year to do the same.

The trip had been a dream for almost two decades, relegated to the back of the line behind an ever-growing list of responsibilities. Each passing moment brought a new list of reasons for putting it off. One day, Julie realized that if she didn’t do it now, she would never do it. The rationalizations, legitimate or not, would just continue to add up and make it harder to convince herself that escape was possible.

One year of preparation and one 30-day trial run with her husband later, they set sail on the trip of a lifetime. Julie realized almost as soon as the anchor lifted that, far from being a reason not to travel and seek adventure, children are perhaps the best reason of all to do both.

Pre-trip, her three little boys had fought like banshees at the drop of a hat. In the process of learning to coexist in a floating bedroom, they learned patience, as much for themselves as for the sanity of their parents. Pre-trip, books were about as appealing as eating sand. Given the alternative of staring at a wall on the open sea, all three learned to love books. Pulling them out of school for one aca- demic year and exposing them to new environments had proven to be the best investment in their education to date.

Now sitting in the plane, Julie looked out at the clouds as the wing cut past them, already thinking of their next plans: to find a place in the mountains and ski all year long, using income from a sail-rigging workshop to fund the slopes and more travel.

Now that she had done it once, she had the itch.

What People are Saying About This

"It's about time this book was written. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This will be huge."
–Jack Canfield
Co-creator of Chicken Soup for the Soul®, 100+ million copies sold

"This is a whole new ball game.  Highly recommended."
–Dr. Stewart D. Friedman
Adviser to Jack Welch and Former Vice President Al Gore on Work/Family Issues
Director of the Work/Life Integration Project, The Wharton School, University of Pennsylvania

"Stunning and amazing. From mini-retirements to outsourcing your life,
it's all here. Whether you're a wage slave or a Fortune 500 CEO, this
book will change your life!"
–Phil Town
#1 New York Times Bestselling Author of Rule #1

"The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work?  A world of infinite options awaits those who would read this book and be inspired by it!"  
–Michael E. Gerber
Founder & Chairman of E-Myth Worldwide and the World's #1 Small Business Guru

“Timothy has packed more lives into his 29 years than Steve Jobs has in his 51.”
–Tom Foremski
Journalist and Publisher of SiliconValleyWatcher.com

Thanks to Tim Ferriss, I have more time in my life to travel, spend time with family and write book blurbs. This is a dazzling and highly useful
work.”
–A.J. Jacobs
Editor-at-Large, Esquire Magazine, Author of The Know-It-All

"If you want to live life on your own terms, this is your blueprint."
–Mike Maples
Co-founder of Motive Communications (IPO to $260M market cap), Founding Executive of Tivoli (sold to IBM for $750M)

"Tim is Indiana Jones for the digital age. I've already used his advice to go spearfishing on remote islands and ski the best hidden slopes of Argentina. Simply put, do what he says and you can live like a millionaire."
Albert Pope
Derivatives Trading, UBS World Headquarters

This engaging book makes you ask the most important question that you will ever face: What exactly is it that you want out of work and life, and why? Tim Ferriss is a master of getting more for less, often with the help of people he doesn't even know, and here he gives away his secrets for fulfilling your dreams.”
–Bo Burlingham
Editor-at-Large, Inc. magazine
Author of Small Giants: Companies That Choose To Be Great Instead of Big

"Reading this book is like putting a few zeros on your income.  Tim brings lifestyle to a new level–listen to him!"
–Michael D. Kerlin
McKinsey & Company Consultant to Bush-Clinton Katrina Fund
J. William Fulbright Scholar

"Part scientist and part adventure hunter, Tim Ferriss has created a road map for an entirely new world.  I devoured this book in one sitting–I have seen nothing like it."
–Charles L. Brock
Chairman and CEO, Brock Capital Group
Former CFO, COO, and General Counsel, Scholastic, Inc.
Former President, Harvard Law School Association

"Outsourcing is no longer just for Fortune 500 companies.  Small and mid-sized firms, as well as busy professionals, can outsource their work to increase their productivity and free time for more important commitments. It's time for the world to take advantage of this revolution.”
–Vivek Kulkarni
CEO Brickwork India and former IT Secretary, Bangalore
Credited as the “techno-bureaucrat” who helped make Bangalore an IT destination in India

"Tim is the master! I should know. I followed his rags to riches path and watched him transform himself from competitive fighter to entrepreneur. He tears apart conventional assumptions until he finds a better way."
–Dan Partland
Emmy Award-Winning Producer; American High, Welcome to the Dollhouse

"The 4-Hour Workweek is an absolute necessity for those adventurous souls who want to live life to its fullest.  Buy it and read it before you sacrifice any more!"
–John Lusk
Group Product Manager, Microsoft World Headquarters

"If you want to live your dreams now, and not in 20 or 30 years, buy this book!"
–Laura Roden
Chairman of the Silicon Valley Association of Start-up Entrepreneurs
Lecturer in Corporate Finance, San Jose State University

“With this kind of time management and focus on the important things in life, people should be able to get 15 times as much done in a normal work week.”
–Tim Draper
Founder, Draper Fisher Jurvetson
Financiers to innovators including Hotmail, Skype, and Overture.com

"Tim Ferriss’s book is about gaining the courage to streamline your life
… But even more than that, it challenges the reader to seriously consider an essential–yet rarely asked–question:  What do you really want from life?"
–Rolf Potts
Author of Vagabonding and Travel Columnist for Yahoo! News

"Tim has done what most people only dream of doing. I can't believe he is going to let his secrets out of the bag. This book is a must read!"
–Stephen Key
Top Inventor and Team Designer of Teddy Ruxpin, Lazer Tag
Consultant to “American Inventor”

From the Publisher

"It's about time this book was written. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This will be huge."
—Jack Canfield, Co-creator of Chicken Soup for the Soul®, 100+ million copies sold

"This is a whole new ball game.  Highly recommended."
—Dr. Stewart D. Friedman, Director of the Work/Life Integration Project, The Wharton School

"Stunning and amazing. From mini-retirements to outsourcing your life,
it's all here. Whether you're a wage slave or a Fortune 500 CEO, this book will change your life!"
—Phil Town, #1 New York Times Bestselling Author of Rule #1

"The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work?  A world of infinite options awaits those who would read this book and be inspired by it!"  
—Michael E. Gerber, Founder & Chairman of E-Myth Worldwide and the World's #1 Small Business Guru

“Timothy has packed more lives into his 29 years than Steve Jobs has in his 51.”
—Tom Foremski, Journalist and Publisher of SiliconValleyWatcher.com

“Thanks to Tim Ferriss, I have more time in my life to travel, spend time with family and write book blurbs. This is a dazzling and highly useful work.”
—A.J. Jacobs, Editor-at-Large, Esquire Magazine, Author of The Know-It-All

"If you want to live life on your own terms, this is your blueprint."
—Mike Maples, Co-founder of Motive Communications (IPO to $260M market cap), Founding Executive of Tivoli (sold to IBM for $750M)

"Tim is Indiana Jones for the digital age. I've already used his advice to go spearfishing on remote islands and ski the best hidden slopes of Argentina. Simply put, do what he says and you can live like a millionaire."
—Albert Pope, Derivatives Trading, UBS World Headquarters

“This engaging book makes you ask the most important question that you will ever face: What exactly is it that you want out of work and life, and why? Tim Ferriss is a master of getting more for less, often with the help of people he doesn't even know, and here he gives away his secrets for fulfilling your dreams.”
—Bo Burlingham, Editor-at-Large, Inc. magazine and author of Small Giants: Companies That Choose To Be Great Instead of Big

"Reading this book is like putting a few zeros on your income.  Tim brings lifestyle to a new level–listen to him!"
—Michael D. Kerlin, McKinsey & Company Consultant to Bush-Clinton Katrina Fund and J. William Fulbright Scholar

"Part scientist and part adventure hunter, Tim Ferriss has created a road map for an entirely new world.  I devoured this book in one sitting–I have seen nothing like it."
—Charles L. Brock, Chairman and CEO, Brock Capital Group; Former CFO, COO, and General Counsel, Scholastic, Inc.; Former President, Harvard Law School Association

"Outsourcing is no longer just for Fortune 500 companies.  Small and mid-sized firms, as well as busy professionals, can outsource their work to increase their productivity and free time for more important commitments. It's time for the world to take advantage of this revolution.”
—Vivek Kulkarni, CEO Brickwork India and former IT Secretary, Bangalore;Credited as the “techno-bureaucrat” who helped make Bangalore an IT destination in India

"Tim is the master! I should know. I followed his rags to riches path and watched him transform himself from competitive fighter to entrepreneur. He tears apart conventional assumptions until he finds a better way."
—Dan Partland, Emmy Award-Winning Producer; American High, Welcome to the Dollhouse

"The 4-Hour Workweek is an absolute necessity for those adventurous souls who want to live life to its fullest.  Buy it and read it before you sacrifice any more!"
—John Lusk, Group Product Manager, Microsoft World Headquarters

"If you want to live your dreams now, and not in 20 or 30 years, buy this book!"
—Laura Roden, Chairman of the Silicon Valley Association of Start-up Entrepreneurs;Lecturer in Corporate Finance, San Jose State University

“With this kind of time management and focus on the important things in life, people should be able to get 15 times as much done in a normal work week.”
—Tim Draper, Founder, Draper Fisher Jurvetson; Financiers to innovators including Hotmail, Skype, and Overture.com

"Tim Ferriss’s book is about gaining the courage to streamline your life… But even more than that, it challenges the reader to seriously consider an essential–yet rarely asked–question:  What do you really want from life?"
—Rolf Potts, Author of Vagabonding and Travel Columnist for Yahoo! News

"Tim has done what most people only dream of doing. I can't believe he is going to let his secrets out of the bag. This book is a must read!"
—Stephen Key, Top Inventor and Team Designer of Teddy Ruxpin, Lazer Tag; Consultant to “American Inventor”

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The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich 3.7 out of 5 based on 0 ratings. 80 reviews.
Guest More than 1 year ago
As a work-a-holic small business owner, I had high hopes for this book. I had seen or heard the raves by other authors, editors, magazines, etc. What all the reviews fail to mention is that many of the ideas and practices in this book are borderline unethical and downright selfish. Examples of questionable behavior Timothy encourages include lying to your boss, looking for loopholes so you can win, farming work to cheap overseas labor, and many more. I believe in working smarter, not harder, but I also believe in being honest and not bending the rules just to suit my needs or just to prove I can get away with it. It's also a book written for single people who have nobody else to consider except themselves. If you're married and/or have kids, you'll find yourself struggling through the 'travel the world' parts of the book. Not that it's impossible, just very improbable, to do with a family. What I DID like was the idea of automating as much as you possibly can.This book encourages and even gives you many step by step instructions on how to do that. That's why I didn't give it the lowest rating available.
Guest More than 1 year ago
When my husband brought home a copy of Timothy Ferriss' The 4 Hour Work Week, I was intrigued by the title and eagerly delved into it, in a quest to discover the secrets to accomplishing such a feat. Heck, I'd be happy with a 34 hour work week. For me, the book was a page turner, as Ferriss revealed the various aspects of his plan for Definition, Elimination, Automation and Liberation 'DEAL.' What I liked about the book: * Ferriss challenges the idea that people have to work 30-40 years before they can retire and enjoy life. The idea is to do and accomplish what you want now. * Ferriss offers a new vision of how to live life and advocates taking mini-retirements throughout your life, while you are still physically able to enjoy them. * The book provides ideas and instruction on how to finance this type of lifestyle, using what he refers to as 'a muse' business which 'through simplification and automation' requires very little management from you. * The book recommends eliminating things which cause stress and waste time. An example of time wasters are events such as meetings, constantly checking e-mail, and casual work conversations that are not relevant to your work - all of which result in a disruption of productive work. For time wasting items, Ferriss recommends outsourcing and/or delegating non-essential tasks. He also recommends firing stress causing clients whose accounts produce very little revenue and also encourages the elimination of excessive clutter from work and home. * Ferriss advocates implementing these strategies to enable us to do more of what matters most. What I did not like about the book: * As a 40 something reader, Ferriss' writing and choice of words struck me at times as the writing and of someone who lacked life experience. * Some of the methods Ferris utilizes and recommends for implementing the strategies outlined in the book, seemed somewhat dishonest and are things I personally would not be comfortable doing. Overall, I admire Ferriss' willingness to challenge the same old ideas and beliefs about how life should be lived. The book is refreshing in that it offers a new perspective and options on how to live life differently. Lilia Fallgatter, Author
Guest More than 1 year ago
Look, this book has some good parts, but it comes of as a internet scam kinda feel.
Guest More than 1 year ago
As the author of the international bestseller 'The Joy of Not Working' and 'How to Retire Happy, Wild, and Free', I follow the principles in my books. I have a great lifestyle because I work only 4 to 5 hours a day and make a comfortable living - better than 80 percent of working people. In my books I advocate that people leave corporate life as soon as possible and work less than half the hours of the average working stiff. I always considered that my paradigm is much different than that of the average working person. But after reading ¿The 4-Hour Workweek¿, I realize that my paradigm is much closer to that of the average working person than that of Tim Ferris. I now want to operate closer to the level of Tim Ferris. I love this book. I disagree with most of the negative comments made by certain reviewers. There is a lot of valuable material in this classic that we all can use although we may never get to the point of working only 4 hours a week. We may be able to work only two hours a day, however, and still make a great living. Some of the most important principles in this book are: 1. Get unrealistic. 2. Practice the art of nonfinishing. 3. Cultivate selective ignorance. 4. Do not multi-task. 5. Outsource as much of your life as you can. 6. Being busy is a form of laziness - lazy thinking and indiscriminate action. 7. Forget about time management. This book is written for ordinary people who want to accomplish extraordinary things with minimal time involved. Here are five of several favorite quotes from ¿The 4-Hour Workweek¿ that I intend to place on 'The Joy of Not Working' Website: 1. If you are insecure, guess what? The rest of the world is, too. Do not overestimate the competition and underestimate yourself. You are better than you think. 2. The blind quest for cash is a fool's errand. 3. It's lonely at the top. Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre. The level of competition is thus fiercest for 'realistic' goals, paradoxically making them the most time-consuming and energy consuming. It is easier to raise $10,000,000 than it is $1,000,000. It is easier to pick up the one perfect 10 in the bar than the five 8s. 4. The fishing is best where the fewest go, and the collective insecurity of the world makes it easy for people to hit home runs while everyone is aiming for base hits. 5. Tens of thousands of people, most of them less capable than you, leave their jobs every day. It's neither uncommon nor fatal. In short, 'The 4-Hour Workweek' can set you on a new course in life where you have a lot more leisure time and a lot more money at the same time. In fact, the material in this book, as in Richard Koch's ¿Living the 80/20 Way¿, can be much more valuable than an MBA if you would like to get what you want out of life without killing yourself for it. But you will have to take risks and give up some of your most treasured beliefs. No doubt most people will read ¿The 4-Hour Workweek¿ and not consider making any major changes to get out of their stale, boring jobs. As Timothy Ferris states, 'Pure hell forces action, but anything less can be endured with enough clever rationalization.' If you would like to be one of the few who enjoy a life filled with a lot of freedom and leisure, however, then read this book and adopt the principles that resonate with you. Follow these principles religiously and your life will likely change dramatically for the better.
undercovermillionaire More than 1 year ago
I can't begin to describe how badly I wanted to like this book when I first began reading it. Unfortunately I quickly discovered that Mr. Ferriss seems to be one of those coworkers we all dread having; never around, can never be reached, and somehow still pulling in a paycheck. We have all seen this happen before, and I suppose it was inevitable that one such person would eventually write a book detailing how they get away with it. I understand that there is a market out there for a book that promises easy money, but I don't think that money should ever, *ever* come at the expense of others. Automation is well and good, but I get the feeling that Mr. Ferriss's coworkers and employees would prefer he treated them as human beings, not machines. His techniques might bring success, but not at a price I'm willing to pay.
PatricioQ More than 1 year ago
Timothy Ferriss creates a baseline foundation to establishing your ultimate dream, working less while still getting paid in large amounts. It is a tool I use in my everyday life with work and personal life. The things you learn in this book are hard to forget.
peterclark on LibraryThing More than 1 year ago
I found this to be a very overrated book. it's key take aways are "outsource everything" and "if you're doing what you love technically that isn't work so then you can only spend 4 hours a week doing boring tasks"
Lilac_Lily01 on LibraryThing More than 1 year ago
When you look at the title: "The 4- Hour Workweek" you can't help but think it must be some sort of scam. I certainly did. I couldn't be bothered to even look at the book when I first saw it on a bookstore shelf. Months later, when I was bored and browsing my library for an entertaining audio book, this book stared at me again. And this time I decided to give it a listen. From the first pages on, the author T.Ferris drew me in. He starts out by sharing his own story from "grossly overworked and severely underpaid office worker to a member of the New Rich". Ferris is only 30 years old, yet he has started multiple businesses and learned a few lessons in the process. One of them being: "Work smarter not harder" (I know, that's a new one.) He explains that the members of "the New Rich are those who abandon the deferred- life plan and create luxury lifestyles in the present using the currency of the New Rich: time and mobility." According to Ferriss our society has it all wrong. We work our butts off for 40- 50 years in the hopes of enjoying life once we hit retirement. By doing that we miss out on life and what if we never get to retirement? For that reason the author proposes to start an income producing business that bothers us as little as possible. He gives the exact steps on how to find the right business. One where you will be able to take yourself out of the picture and let other people run the business for you. Sounds scary, but his ideas seem to work. And obviously this principle has worked for him. Ferriss also included some chapters on Time Management (How to be more productive with less time), Cultivating Selective Ignorance (Only consume information from TV, newspapers and online sources if you will use it for something immediate and important),the Art of keeping people from interrupting you, and best of all a chapter on how to outsource your life. Overall, this book had some great ideas and it will certainly help you to redefine what success looks like to you. I doubt you will only work 4 hours a week, but you might become more productive with your time and learn to enjoy life while it's happening.
shawnd on LibraryThing More than 1 year ago
This changed my life. Not sure what else to say. I happen to be a work-at-home person already and have some unique advantages that make me able to pull this off. Didn't like/didn't buy the success of the Indian outsourcing; my experience is that it's more expensive and less successful. And he does well to talk about what I hit, which is that I don't like travel (a lot of the book assumes the person likes travel, honestly, which is one criticism), and so I don't really have an all consuming alternate activity I want to fill my life with. Working is as enjoyable as any other activity, and he covers what happens if you do the process, get to fewer hours, but don't have something to fill it with. However, all these a nit criticisms. Over all this is a revolutionary book and I suspect it will affect a lot of readers.
stringsn88keys on LibraryThing More than 1 year ago
Some very good parts to this book, and generally a quality examination of productivity and what's important versus looking busy and being a materialistic zombie.However, there are many "Carlton Sheets Late Night informercial" parts to this book, and the martial arts example early in the book sounds like playing basketball against 7th graders.
tintinintibet on LibraryThing More than 1 year ago
I spent an hour reading this book in a barnes and noble and i was pleasantly surprised -- the author's personal experience is at times laughable but often perceptive and clever (or at least compels you to at least consider a very different perspective from the norm). For example, it would be one thing (and a bad thing) to be told to simply take advantage of the global outsourcing trend by outsourcing my life to an assistant in India -- I'd roll my eyes and put the book down. But to read of this author's amusing series of outsourcing tales and to be able to draw out insights from the experience -- what it taught him in terms of how to seek out capable staff, how to manage and manage remotely -- well, that's worth something. A chuckle. A moment to reflect on a new perspective. I don't know, I wouldn't buy this book (though it is exhaustive in providing additional contacts, resources, and references to his ideas) -- but it was definitely an interesting hour in the bookstore.
clevercroc on LibraryThing More than 1 year ago
After reading this book I can't say that I can start my own business and work only 4 hours a week, however, I think the overall theme of taking control of your life is on point. Tim Ferris' story is at the very least inspirational and gave me reason to reflect on various aspects of my life and the direction I should be taking to reach my goals. This is a quick read and book that I will pick up again for inspiration.
rlwillis on LibraryThing More than 1 year ago
Overall I liked the book, though I thought his suggestions for creating an income stream were a little gimmicky and his criticism of deferred compensation seems overly optimistic after the economic crisis. On the positive side, you can gain a lot of useful ideas for time and task management. Also, it has a lot of good financial information showing how one can afford to take ¿mini-retirements¿ from their career ¿ cheap travel, insurance, maintain finances remotely etc, etc. The book is also backed by a web site with good resources for analyzing your situation. Though I would not follow his entire method, I picked up a lot of good ideas and it encouraged me to attempt a few things I thought I would never have the money or time to do. Recommended.
cultivatingthemind on LibraryThing More than 1 year ago
The 4HWW isn't a book about doing nothing and relaxing. Tim writes about how he changed his lifestyle so he could pursue what made life interesting for him. Tim writes about abandoning the deferred lifestyle plan (waiting till retirement), the currency of the New Rich- time and mobility and maximising the 80/20 rule- focusing your efforts on the 20 percent of things that create the moth results.What makes the book really interesting is all the examples. Tim doesn't write about hypothetical examples, he writes about what has worked for him.
rcrichards on LibraryThing More than 1 year ago
This book is uneven. I have read it several times and find much to loathe and much to recommend. First off, the idea that you do the things that reward you and have the things you need. Everything else is released. That's good. There are also the details as to how he runs his business which is informative. Then there are some things I find bothersome, mostly these are personal objections to business/personal choices and that is he separates the ethical and effective.
briandarvell on LibraryThing More than 1 year ago
The thing to take from this book is that modern work methodology is changing. Still, I found much of this book to be all about self-interest. Furthermore, it must be realized that not all work can be relegated so easily and when it actually comes down to it, someone still needs to get the real work done.Some contradictions also exist:1) Somehow, the book begins by attracting the reader with all sort of materialistic advances but in the final pages the author says that a simple life is what one should really strive for.2) The author advocates speed-reading through much of the book but also states that a much slower living pace should be striven for by people. I cannot help but notice that these two items are closely related.
stevetempo on LibraryThing More than 1 year ago
My preference for this book is very uneven. It's not what I expected exactly. I very much enjoyed the discussion regarding paradigm shifting lifestyle choices and strategies. This includes things like thinking globally, divesting yourself from some of the never used "energy sapping material things" in your life, and focusing your efforts on the things that you really enjoy doing. The author is very much the extrovert (I am not) though and the book is written from that point of view. The business creating stuff was of some interest (and might more be to others) but did not hold my fascination and I found myself flipping through these page rather quickly.
RoeschLeisure on LibraryThing More than 1 year ago
Get to work you slacker. Just read the 4 hour work week. I like his email management techniques, but I wonder if he outsourced this book. (Jack O'Gorman 9/29/10)
red.yardbird on LibraryThing More than 1 year ago
Some good ideas in there... but I'm not quite into the 'me, me, me ness' of it all. [Aug-07:]
storming on LibraryThing More than 1 year ago
Tim Ferriss' new book The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich isn't for everyone but I thought he made some really good points. * We work from 9-5 because we are supposed to work 40 hours a week from 9-5. * We are very unproductive at work. How many hours did you spend this week in meetings, answering emails or surfing the web? * We are busy working hard and saving for retirement when we should be figuring out how to do what we want to do now. * We have way too much information to digest from blogs to news to email.What he suggests, among many other things, is: * Be more productive. Figure out what you do when you are not working (like blogging emailing or reading blogs and news) and cut it out. * Get lots done in a little time so you have lots more time for things you enjoy. He suggest working just an hour a day. * Outsource anything and everything possible including all your errands. * Figure out what excites you so you know what you want to be doing. (He stresses excitement over enjoyment. Like I've said, too much hanging out on the beach can get boring.) * Work towards a positive monthly cash flow instead of a large sum of money you'll use during retirement. * Take lots of mini-retirements or mini-vacations - so save up for those and then do them. * He advocates lots of travel and lots of learning - especially other languages.In order to accomplish all this, he suggests starting a business selling a product. Then outsource everything from creating the product to marketing to order fulfillment to others.I bet if you read the book, you'd get at least one really good idea out of it. I bet most people that read the book don't end up quitting their job and starting an outsourced product company, but you never know!
ericlee on LibraryThing More than 1 year ago
Very disappointing. I was hoping for much more than the accumulated wisdom of someone barely out of their teens, whose only claim to fame seems to be that he made a lot of money and is now spending it.
osodani on LibraryThing More than 1 year ago
He's got some very interesting tips in here about setting your priorities in life, eliminating the garbage, and getting your work life so that it's not all you are living for. However, his focus is very much on the travel-the-world idea, which is not my cup of tea, and his concrete business plans, while tempting, may not be a good long-term way to live.
alsatia on LibraryThing More than 1 year ago
Perhaps I am dreadfully naive or too burned out to notice when I'm being foolish, but I thoroughly enjoyed this book. :-) Ferriss has an entertaining writing style and encourages the reader to think about work not as a means to an end, but as part of the end itself. Why *do* we spend time at a place we don't like rather than move on to greener pastures? Why *do* Americans work like mad until retirement when we're too tired, sick, or broke to do things with the free time? Why *not* think about ways to change that habit? Ferriss wants readers to go for something different (and of course, pay him a little cash at the same time ;) )
lithoglyphic on LibraryThing More than 1 year ago
Tim Ferriss bends all the rules of the American workforce. By starting his own product-focused company and outsourcing as much of the process as possible, he remains free to travel the world and have all kinds of fantastic adventures. The lifestyle is probably not for everyone -- for one thing, it's not exactly a piece of cake to start a reliable business. But the tips are handy, regardless. It's a must-read for overstressed start-up founders, mobile technology workers, and anyone who wants more out of life but needs tips on the execution.
adamallen on LibraryThing More than 1 year ago
Let me begin this review by stating that, based on it's title, I avoided this book like the plague and turned my nose up at it snobbishly for months. I was certain that it was absolute crap of the worst self-help kind.During a recent conference, I stopped at the local B&N to have a coffee and thumb through some books. I bought this one and Your Money and Your Brain by Jason Zweig. Needless to say, my opinion had changed.The 4-Hour Workweek is a how-to manual for helping you unchain yourself from your desk, automate your cash flow so that you can work only four hours per week, and use your newly found time for whatever it is in life that truly makes you happy (the book focuses on using this time for travel). "Impossible!", you say. I would argue that it isn't impossible but it is difficult. Personally speaking, I believe in Ferriss' approach. That being said, I limited my rating to 4* because I fear that he made it sound easier than it actually is.Ferriss takes you through the process in four sections: "D is for Definition", "E is for Elimination", "A is for Automation", and "L is for Liberation". "D is for Definition" describes why you'd want to stop coming to work everyday (not too difficult, right?) and frames the barriers/obstacles you will face in making this change (e.g. fear, motivational paralysis, your engrained perceptions of "the way it should be"). It provides practical ways to overcome these obstacles. I really enjoyed this section. For me, it was a reminder of what's important in life."E is for Elimination" works to change the reader's focus from managing your time to living the Pareto Principle. This principle states that we get 80% of our results from 20% of our work. So, Ferriss guides you through eliminating the wasteful 80% so we can focus on the fruitful 20%. While this is a great section, and worth the cost of the book in itself, there are pieces that I found to be easier said than done. For example, he talks about avoiding meetings and ways to go about that. With my micromanaging CEO, that would not be tolerated. He counters these situations by suggesting that it may be time to fire your boss/company. He may be right... That being said, I've found some of his other examples such as e-mail processing to be extremely helpful already."A is for Automation" helps you to identify new business opportunities and how you can test market your ideas for less than $500. Once you've found your idea that will produce cash flow, this walks you through putting this business on autopilot so that you don't become the workaholic entrepreneur. This is a great section but it's again made to sound easier than it actually is. I think it can be done - and I plan to try - but I don't expect it to be as simple as it's made to sound."L is for Liberation" tells you how to create a lifestyle of mobility so that you can travel or do whatever it is that makes you happy. Ferriss does provide ways to overcome the "but I have children" barrier (which was my first reaction). More importantly, your liberation doesn't have to be travel but he spends a good deal of time on that topic. As a person who loves to travel and someone who dreams of owning more of my time, I thought this section was wonderful.I know, I know. It's too good to be true and must be bullshit. Don't be so hasty. While you may not subscribe to everything Ferriss lays out, you'll almost certainly take a few tips and principles from the book that make it worth twice what you'll pay to get it. I believe the book is terrific and I would highly recommend it. If you're skeptical, pick it up in your bookstore and skim it. You'll find yourself going home with it. I read it in two days. If I'd had more free time (read: irony), I'd have finished it in one. I plan to re-read it before the year's out. I've already implemented many of the "Elimination" suggestions. In 2008, I plan on using it to find my "Liberation". Wish me lu