- Name: The 4 Hour Workweek
- Author: Tim Ferriss
- Type: #literature/book
- Source: #source/book
- Link: The 4-Hour Workweek by Timothy Ferriss | Goodreads
- Annotation:
Notes¶
Definition¶
You need to be able to define the kind of lifestyle that you want to live. You need to be creating the life you want to live, on your own terms. You don't need millions to be "free".
10 Ways to break "old" assumptions: - Retirement is worst-case scenario insurance. - Interest and energy are cyclical. - Less is not laziness. - The timing is never right. - Take the risk. - Define the worst outcome and you will see that it is not as bad as you thought - How would you recover if the worst happened? - Ask for forgiveness, not permission. - Emphasize strengths, don't fix weaknesses. - Things in excess become their opposite. - Money alone is not the solution. - Relative income is more important than absolute income. - Distress is bad, eustress is good.
"What we fear doing most is usually what we most need to do."
Elimination¶
- Pareto Principle - eliminate the 80% of tasks that contribute nothing and find/focus on the 20% of tasks that generate the most value.
- Parkinson's Law- Tasks take as long as we give them, set short deadlines.
- Don't show dedication, demonstrate results
- Don't time manage - eliminate
Time wasters - unimportant emails, phone calls, meetings, browsing the internet. ELIMINATE.
Time consumers - Things that have to be done; reports, servicing customers. BATCH
Empowerment failures - Establish clear guidelines to delegates to avoid having to take time to approve decisions or disseminate information.
Lifestyle design requires massive action/output. This necessitates decreased input.
Automation¶
A lot of tasks can be delegated, DON'T be the bottleneck!
Build systems to replace yourself.
Remove yourself as much as possible.
Liberation¶
Remote work enables you to complete your days work without having to sit at a desk for 8 hours.
Busyness vs productive - see Slow Productivity busyness as a proxy for output/effectiveness.
It enables towards output over time spent.
The business model that he suggests:
