Hey guys!

Today I would like to introduce you to a book that literally changed the direction of my life. It opened my eyes up to a whole new world of possibilities and I discovered the alternative pathway that many people were taking. The 4-Hour Work Week, by Tim Ferriss, is a book that challenges the deferred lifestyle and instead replaces it with the concept of ‘mini-retirements‘. It has helped me escape the 9 to 5 office, eliminate unnecessary work, and improved my mindset and perspective for success.

The 4-hour Work Week book coverIn this post, I will be providing a summary of the book with an overview of the chapters, content and key lessons I took from reading it. This is a book that I have come back to time and time again, and has been a guide for many of the key business, and even life, decisions I have made in recent years. I hope this summary will help you get an idea of what the book is about, provide you with some important learnings, and maybe change your life too!

I recommend this book as the starting point to your online business journey, and your pathway to an exceptional lifestyle!

If I Were to Summarize, I Would Say This…

The 4-Hour Work Week is a step-by-step guide to creating the life you want, whether it is escaping the 9 to 5 office, simply working less and living more, or creating a business that separates your income from your time.

Tim describes a methodology that will allow you to liberate yourself and create freedom of time and location. How you use this time is entirely up to you, but in order to get there, certain key habits and perspectives must be put in place. This book is just as much about productivity and success habits, as it is about learning how to create an online business that will generate income with little management. You need both to truly free your time.

But… Since We Have Time, Let’s Get Into the Detail!

I am a strong believer in ‘just-in-time’ information, rather than ‘just-in-case’ information, ever since the concept was first introduced to me by Tim Ferriss in this book, in fact! Following this philosophy, I recommend you use the linked contents menu below to navigate to the sections most relevant to you.


Contents

Overview
A Little About The Author
First and Foremost
Step I: D is for Definition
Step II: E is for Elimination
Step III: A is for Automation
Step IV: L is for Liberation
The Last Chapter
Last but Not Least
Final Thoughts
Actions
Get The Book

The who, what, when, where and why of things…

The Book’s Tag Line: Escape the 9-5, Live Anywhere and Join the New Rich.

What is the book about: The methodology of lifestyle design, where you will learn how to free your time, increase your productivity and liberate yourself from the confines of one location in order to do… well, whatever it is you would like to do!

Who is the book for: For anyone that is looking for a way to enjoy more of life, questioning if is it really worth working the best 40 years of your life away, wanting to create businesses that will fund their lifestyle, or just simply eliminating unnecessary work.

When is the book useful: Now! At the start of your journey into lifestyle design, and at any point to guide you along your journey for inspiration or path correction. It is a blueprint.

Where can I find the book: The hardcover or paperback copy can be purchased through Amazon. I purchased the paperback copy after I listened to the audio book through Audible whenever driving in the car.

You can sign up to Audible (for free via a 30-day trial) and get two free audio books (used to be 1 when I first signed-up). If you don’t like Audible you can cancel and you still get to keep the audio books. If this sounds useful to you, check out what Audible is and how it works here.

Pros:

  • Clear and actionable steps to create a “New Rich” lifestyle (where time is the currency).
  • Evergreen habits and mindset suggestions to improve your productivity and life.
  • Interesting and entertaining with many stories to illustrate the concepts in the book.
  • Perspective changing and inspirational!

Cons:

  • A con for some, a pro for others… the concepts in this book will challenge the traditional mindset and comfort zone, therefore it is essential you read it with an open mind. Not everything may be applicable to you, however there will definitely be things that can help improve your work life, if even just to increase your income or vacation time.

How it helped me and Why I recommend it: I came across this book while at a crossroad of sorts… a point in my life where I was looking for something more, something that will allow me to challenge myself, create a lifestyle for myself and my family, and do so while making an impact to the world beyond those directly around me.

I was already on a path self-education and growth, and this book provided the fresh perspective on how I could separate my income from my time, ultimately allowing me spend more time with those that mean the most to me, and focusing on other important endeavors. I tested the methods in this book and created my first ‘muse‘, a side business which provided a little extra supplementary income and proved to me that the concepts were possible.

The book provided the core concepts of creating an online business with automation in mind and introduced me to key mindset improvements that helped with facing challenges. I have become a more productive and effective person as a result, and I hope by introducing this book to you, you can benefit from the lessons and create a lifestyle that you don’t need to escape from. Please let me know how you go!

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A Little About The Author – Tim Ferriss

Tools of Titans Book CoverTim Ferriss is an American author, public speaker and entrepreneur. He has sold two New York Times Best Seller books, this one, and his latest, Tools of Titans (I just recently got this one and will read it soon!), and written three other books, one of which is due to be released end of 2017. The 4-Hour Work Week spent almost 4 years on the New York Times Best Seller list, with over 1.3 million copies sold. He also runs a famous podcast called The Tim Ferriss Show, where he interviews and deconstructs the habits and routines of the most successful people in the world.

Tim drew the inspiration for this book from the lessons he learnt while running a business he founded called BrainQUICKEN, which was an online body supplements company. This business almost pushed him to the edge in terms of being able to cope with the workload, so he had to make some significant changes in his mindset and approach. He talks extensively about this experience in his book and provides us with the many lessons he learned. Workload is something we can all hope to reduce!

Nowadays, Tim still runs his podcast, is an adviser to some of the top companies in the world (Facebook, Twitter, Evernote and Uber to name a few) and runs a new TV show called ‘Fear{less} with Tim Ferriss’.

Right, let’s get into the good stuff, a summary of the chapters.

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First and Foremost

This chapter provides the introduction to the book where Tim explains his story, introduces the concept of the ‘New Rich’ and his methodology for reinventing yourself and your life.

Tim explains that in order for you to take part in lifestyle design and join the new rich, you don’t need to:

  • Quit your job or even hate your job.
  • Be a risk-taker.
  • Be single and in your twenties.
  • Be born rich.
  • Be an Ivy League graduate or have gone to business school.

The New Rich are a group of people around the world that have chosen to throw out the concept of the deferred life plan for lifestyle design, where the aim is to free your time and location. Some critical questions asked that challenge the status quo of our thinking include:

  • How can you achieve the millionaire lifestyle of complete freedom without having a million dollars?
  • What justifies spending the best years of your life hoping for freedom and happiness in the last?
  • How do your decisions change if retirement isn’t an option?
  • What if you could use a “mini-retirement” before working 40 years for it?
  • Is it really necessary to work like a slave to live like a millionaire?
  • What is your perfect job?… probably not one that gives you the most fulfillment, but instead the one that takes the least time!

The step-by-step process to replace misguided concepts, eliminate the need for time management, automate your income (and your life) and release yourself from the confines of a given location are:

  1. D = Definition [Perspective] – Challenging basic assumptions and introducing a fresh perspective.
  2. E = Elimination [Increase Time] – Eliminating time wasters, ignore things not immediately important and applying the 80/20 principle.
  3. A = Automation [Increase Income] – Learn to create your first ‘muse’, a micro business designed to bring you as much money as possible with as little management time as possible.
  4. L = Liberation [Become Mobile] – Steps to liberate yourself from behind the desk (not necessarily quitting your job), going on mini-retirements and working wherever you please.

In this chapter, Tim also provides a comprehensive look at his story and how he got from where he was to where he is now, with all the ups and down. This is a very interesting story and will provide insight into a completely different way of thinking about the world and how you can get what you want by questioning basic assumptions (not rules).

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Step I: D is for Definition

This section defines who the New Rich are and how they operate. It challenges common misguided assumptions and introduces you to the objectives of the alternative pathway… the non-deferred life plan.

Cautions and Comparison

This chapter provides a cautionary tale about burning a $1,000,000 a night in Vegas, spending time with people you don’t like, buying things you don’t need and owning businesses you don’t care for. This is not what we are looking to achieve.

Instead, the New Rich can be distinguished by their differing approach to a few basic goals in life:

D = Deferrers – Those living the deferred life plan of working 40+ years with retirement at the end.

NR = New Rich – Those living with the aim of freedom of time and location.


  • D – Aims to work for themselves.
  • NR – Aims to have others work from them.

  • D – Aims to work when they want.
  • NR – Aims to prevent work for the sake of work, and maximize the effect of the work they do.

  • D – Aims to retire early or young.
  • NR – Aims to do what excites them at regular periods across their whole life (mini-retirements).

  • D – Aims to buy anything they want to have.
  • NR – Aims to do all the things they want to do and be, with material things as a means for enjoyment not focus.

  • D – Aims to be in charge.
  • NR – Aims to be the owner and have someone else be in charge.

  • D – Aims to be free from doing what they dislike.
  • NR – Aims to be free from doing what they dislike and having the ability to sustain it without having to revert back.

The value that is trying to be presented here is that true freedom is measured by the number of W’s you can control in your life. If you can control:

  • What you do,
  • When you do it,
  • Where you do it,
  • and with Whom you do it,

You are truly free!

Rules That Change the Rules

This chapter shows you how to challenge basic assumptions in order to maximize the effects of your efforts. Some differentiating rules are described for you to keep in mind while on your pathway to lifestyle design.

  • Retirement is Worst-Case Scenario Insurance – It should be viewed as insurance in case you become physically incapable to work. The current underlining assumptions of retirement is flawed for three reasons:
    1. It assumes you dislike what you are doing for the best years of your life, in order to do what you enjoy in your least physically capable years.
    2. It ignores the fact that most people will not be able to accumulate enough retirement savings to sustain their ever-increasing life span.
    3. If you can accumulate enough savings, you are extremely hard-working and would probably want to keep working into retirement. So why wait for retirement to enjoy life?
  • Interest and Energy are Cyclical – You need regular periods of rest. It is unsustainable to work flat out for 40 years with only 2-4 weeks of rest per year. In order for you to enjoy life, and be more productive at your work, you should distribute ‘mini-retirements’, periods of rest and recovery, in accordance with your cycling energy.
  • Less is not Laziness – Today’s society tends to uphold personal sacrifice over productivity and effectiveness. The aim is to produce quality results, not just being busy. It is lazy to let your life be defined and controlled for you, while sitting behind a desk and watching it go by!
  • The Timing is Never Right – For any important thing that needs to be done, it is a rare occasion that all the stars line up perfectly for it to occur. You need to take action, and adjust to circumstances and hurdles along the way.
  • Ask for Forgiveness, Not Permission – If it isn’t going to be catastrophic to anyone, it is better to do something and justify it after the fact, than to ask permission for it in the first place. This is because many make decisions based on emotions that they can accept if it has already occurred. It is more difficult for people to get in your way once you are moving!
  • Emphasize Strengths, Don’t Fix Weaknesses – Being aware of what you are good at and focusing on that, while surrounding yourself with people to help you do the things you aren’t good at, is a key approach to achieving success.
  • Things in Excess Become Their Opposite – Too much idle time is not the aim of lifestyle design. The aim is to free time from the unimportant, in order to do what’s important to you or your goals.
  • Relative Income is more Important than Absolute Income – The New Rich operate on a principle of relative income. Maximizing income for minimum work time, rather than just comparing absolute income on a yearly basis. The person whole works 3 times less for the same income as another, can be considered “richer” in relative terms. This ‘free time’ can then be used for enjoying life or pursuing greater income generation opportunities!

Fear Setting and Escaping Paralysis

This chapter introduces the amazing concept of fear setting. This is something which I often use to make some important decisions or to take action on something I am fearful of. Perform the following steps:

  1. Define the Worst Case Scenario – What is the worse thing that could happen if you do whatever it is you are thinking of doing? (quitting a job, asking for a raise, going on an extended holiday etc.).
  2. Rate that on a Scale of 1 to 10 – 1 is nothing will happen…10 is completely life altering and irreversible.
  3. Define the Best Case or Even a Probable Case Scenario – What is most likely to happen?
  4. Rate that on a Scale of 1 to 10 – 1 is nothing will happen… 10 is a very positive life-changing effect.

You will find that in most cases, you are comparing a worst case scenario of 3 or 4, with most situations being reversible with a bit of work or time, to a 9 or 10 of positive effect on your life for an even probable case scenario! Not so scary in the end after-all!?

System Reset

This chapter challenges you that doing the unrealistic is actually much easier than doing the realistic. Why? Because most people believe that they are unable to achieve unrealistic things, therefore competition for achieving these modest things is much higher. You mustn’t underestimate yourself and overestimate everyone else, because they are just as insecure as you are!

So in order for you to achieve “what you want to do” you need to gain some clarity on what this actually means. It actually means “what do I want to do that excites me”! When setting these goals, you need to:

  1. Define the steps required to get there, than just the goal itself – You can’t action a goal, but you can action steps.
  2. Make the goal unrealistic – This is more effective than realistic goals.
  3. Break it down into 6 and 12 month timelines – Anything further out makes it too ambiguous and difficult to define focused steps.

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Step II: E is for Elimination

This section challenges the need for time management, by instead looking at the reduction of time-wasting activities, information consumption and the generally unimportant.

The End of Time Management

This chapter suggests you throw away the illusion of time management and filling every moment of your day by keeping “busy”. The aim is to not to be busy all the time, but to accomplish more by doing less. You can achieve this by a few key principles:

  • Be Effective rather than Efficient – Doing something unimportant efficiently does not make it important.
  • Utilize the 80/20 Principle (Pareto’s Law) – This is where 80% of the outcomes are created from 20% of the inputs. Look for the 20% of the things that create 80% of the undesirable output and reduce those. Then look for 20% of the input that create 80% of the desired results in business or life and increase, or replicate those!
  • Parkinson’s Law explains that a task will swell in size in relation to the time given to complete it – In the 9 to 5 office time is wasted because so much time is available. Here you need to limit deadlines in order to focus on the important things to complete any given task.

The overall goal of elimination is to focus on the tasks that provide the most results. Then set deadlines on those tasks so that you are forced to execute the important things, rather than creating unimportant tasks to fill the time void.

The Low-Information Diet

The concept of selective ignorance is introduced in this chapter, where Tim explains that if you remove yourself from consuming unimportant information, or even being the information bottleneck, you will have more time and fewer problems to solve. This can be implemented with a few key concepts:

  • Empower others to make decisions, and you will have fewer problems to solve and more time available.
  • Practice the Art of Just-in-Time information, where you aim to only consume information that is relevant for the goals and tasks that need immediate action. This means reducing your unimportant media and news consumption, and reduce reading educational material that isn’t relevant to the task you are currently trying to achieve.
  • Practice the art of non-finishing, where starting something doesn’t mean you have to always finish it. You can free up time if you leave a party or a movie that sucks, or drop a task that is unimportant at work.

Interrupting Interruption and the Art of Refusal

The main lesson of this chapter is to put in place things that will prevent or minimize the interruption of critical tasks that you need to get done. You can achieve this by:

  • Ignoring Time Wasters – Things that can be ignored with little or no consequence. Examples include unimportant: emails, meetings, phone calls, discussions and internet surfing.
  • Reducing or Batching Time Consumers – These are things that occur periodically or repetitively, but often interrupt more important work. Reduce or batch: reading and responding to emails, returning phone calls, reporting and personal errands.
  • Empowering Others – This was described above, however the aim is to empower others to make decisions without seeking out information from your or requiring your approval.

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Step III: A is for Automation

The concept of outsourcing is introduced, as well as the three steps required for creating an online business called a ‘muse’. The muse is aimed at providing the income required to meet your lifestyle design goals and doing so with as little ongoing operations management as possible.

Outsourcing Life

This chapter introduces the concept of outsourcing your tasks as a way to remove yourself from the equation, replace yourself or multiple your results. This can be achieved by hiring a virtual assistant to performed repetitive tasks, or tasks that are better done by someone else, leaving you to focus on your strengths.

There are many options suggested for sourcing virtual assistants both in your country or another, and at varying costs. The key is to try to hire a company rather than an individual, as the company will tend to have backup systems in place in case one assistant is unavailable.

Another important consideration is to ensure you eliminate unimportant work before you delegate it. Giving someone else an unimportant task does not make it important, nor is it cost-effective!

A frequently asked question is “why should I pay someone for doing something that I could just as easily do myself?”. The flaw here is that even though you can do it yourself, it doesn’t mean you should. You need to focus on your strengths to maximize results, so if you spent $50 to save 4hrs of work, is that not worth your time and money?

Income Autopilot I: Finding the Muse

This is the first of three chapters, which introduces you to creating a business that the aims to bring in income with very little ongoing time management. A decent amount of up front work is of course required, but we are playing the long game here with sustainability of cash flow, not short-lived gains.

After following this process and creating my own ‘muse’, I have gone to great detail to deconstruct the process and provide an in-depth step-by-step guide to help you start your online business. You can discover the steps in a separate post if you are keen on exploring this pathway.

Tim defines the Muse as: A product based online business that doesn’t take more than $500 to test, lends itself to automation within a month of starting up, and once running, doesn’t require more than one day of management.

The aim is to generate cash flow without consuming time.

The first steps are:

  1. Pick an Affordably Reachable Niche Market – Find a target audience and develop a product to sell to that audience. It is easier this way, than the other way round. Fill demand, don’t create it.
  2. Brainstorm, but do not invest in Products – After defining your target audience, often in a market that you are most familiar with, you can start to brainstorm products to meet their wants and needs. Place the following guidelines on these products:
    1. The main benefit of the product should be clear and explainable in a single sentence – Need to keep it simple.
    2. The product should cost the customer between $50-$200 – Mid range and low prices are where most of the competition is. You need to create a premium offering, price it high, then justify it!
    3. No more than 3 to 4 weeks to manufacture – In order to minimize costs and be flexible to demand, it should be relatively quick to manufacture the product.
    4. Fully explainable in an FAQ (Frequently Asked Questions section) – This is important to minimize time spent on customer service. The fewer questions you get, or the more questions you can answer without actually being there, the better.

Income Autopilot II: Testing the Muse

The next step is to test your product. This is performed without yet having a product to sell, and utilizes a tool called Google Adwords.

The steps for testing include:

  1. Best the Competition – Do a Google search using the keywords that people would use to find your product. Look at the top three pages in each of the search results and create a more compelling 1 to 3 page website on your product.
  2. Test the Offer – Test your offering using the Google Adwords pay-per-click (PPC) advertising campaign. Here you set up ads targeting the keywords that people would use to find your product. Each time a person clicks on your ad, you get charged, and they get directed to your website. This is where you test the interest in your offering for a week.
  3. Divest or Invest – After your 1 week campaign, you analyze your results and make a decision to more forward with investing in the product, or move on to the next idea.

The process described in the book allows you to test true interest in your product offering, on a relatively low cost budget. It is a lot cheaper than buying 1000units or so of a product and setting up shop, only to find that no one is interested, leaving you largely out-of-pocket. Test before you invest!

Income Autopilot III: Management by Absence (MBA)

The final step of the process, and once you have a profitable muse up and running, is to put in place certain systems to automate the management of the muse.

There are a few key concepts that are important when you develop your product offering, in order to promote automation and maximize income. These are:

  • Limit choices – Limit purchase choices for the customer to minimize overhead for yourself, but also promote a quicker and simpler decision for the customer. When you only offer two purchase options, a standard and a premium product, the customer’s decision goes from “should I buy?” to “which one should I buy?”. If there a too many options, it can overwhelm and result in them not buying anything at all!
  • Fast Shipping – Do no offer several shipping options, but rather one fast service and charge a premium.
  • Do Not Offer Expedited Shipping – This just creates headache for you and stress for the customer. A lose-lose situation.
  • Do Not Offer International Shipments – It is neither fun nor profitable to fill out customs declarations, export/import paperwork, organize logistics or charge tax in different countries for each single order.
  • Provide a Lose-Win Guarantee – The standard 30-day money back guarantee is gone! If people purchase something and it isn’t what they expected, they have spent their own time and money that is greater in value than simply getting their purchase price back. Not to mention the hassle of product returns too! Instead, aim to make your guarantee profitable to the customer even if the product doesn’t work out, hence Lose-Win. This is true risk reversal!

As your muse scales, you can consider introducing different levels of automation systems. Tim suggests the following:

  • Phase 1 = 0 – 50units – Do everything yourself, learn about your customers, answer their questions and develop your FAQ section.
  • Phase 2 = > 10 unit per week – Find a fulfillment company that can take care of stock, inventory, packing and shipping for you.
  • Phase 3 = > 20 units per week – Upgrade to a full end-to-end fulfillment company that can take care of everything from orders, to returns and refunds. You can also engage a customer inquiry service that will deal with the customers questions for you and get them talking directly with you fulfillment company, removing your from the equation.

As time goes on, you will see some patterns with customers. Remember the 80/20 rule and cut-out 20% of the customers that are giving you 80% of your ongoing issues and time-wasting inquiries. Then look at the top 20% of customers, generating 80% of your revenue, and seek out more of those! Not every customer is a good customer, and customers aren’t always right. A small reduction in income, for a great increase in happiness, is well worth it, and a core objective of lifestyle design.

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Step IV: L is for Liberation

In order for you to achieve mobility, you need to liberate yourself from the confines of one location. This section introduces the concept of mini-retirements, techniques for escaping the office and what to do with the extra time you have created. We must remember that the aim is not to free time just to sit idle, but instead, free time to do things that we most desire to do and achieve in our lives.

Disappearing Act: How to Escape the Office

This can be accomplished using a 5 step process:

  1. Increase Investment – Get your company to invest more in you, in terms of training, so that the loss is greater if you quit.
  2. Prove Increased Output Offsite – Take two sick days in the middle of the work week and increase you work output greatly. Be sure to have evidence of this work via email trails, quantifiable results or similar.
  3. Prepare the Quantifiable Business Benefit – Frame a remote work agreement in terms of the benefits to the business through increased productivity, decreased distractions, greater output or quality of work.
  4. Propose a Revocable Trial Period – Mention your increase in productive time during your two sicks days in an informal setting, and propose trying it out on a trial basis for two days remote work a week. If there is an objection, you can reduce it down to one.
  5. Expand Remote Time – Ensure that your work offsite is significantly more productive than onsite. In a few weeks, prepare evidence and reasons for an increase in the remote arrangement. Ask for 4 days, and drop it down to 3 if initially rejected.

Beyond Repair: Killing Your Job

If you are unsuccessful, or the remote work results are unsatisfactory for your needs, your job is probably beyond repair and the suggestion is to quit.

This is where people usually come in with the many reasons why they can’t do it, however it is essential to revisit the Fear Setting chapter to place some perspective on the issues. Think about the following arguments:

  • Quitting is not permanent – If things didn’t work out and your really needed to, think of a way how you could get another job and pick-up right where you left off. You will find that no having a job is always reversible… just get another.
  • You can pay the bills – Because firstly, you will establish a ‘muse’ and some side income before your quit, and secondly, there are always ways in which you can temporarily reduce your living expenses (cut out the luxuries) to maximize the duration your savings last.
  • You can organize private health insurance and retirement accounts – The process is not so complicated or daunting, and while it may vary in different countries you are not the only one that has had to get it done. Think of all the entrepreneurs, and small business owners that have done it before you, and will continue to do it after you.
  • The absence from a job will not ruin your resume – As a long as you are leaving it to gain life experiences, new skills or pursue personal growth. These are enviable and solid reasons, and will most probably make you stand out in future interviews if it comes to it.

Mini-Retirements: Embracing the Mobile Lifestyle

This chapter goes in-depth into the concept of mini-retirements, were Tim illustrates with numerous stories of his own and people he has met, how extended travel is quite affordable and very achievable.

The suggestion is to take your initial deferred retirement plan of 20+ years and spread it across your entire life in 1 to 3 month increments (or more if you please). The aim is to design a lifestyle you don’t need to escape from, and instead, spend the time traveling to actually enjoy what the world has to offer.

Tim himself aims for 1 month of travel for every 3 months of work related projects. Remember, your energy comes and goes, so you should plan accordingly!

The end of the chapter features countless resources for maximizing your money, reducing the stress and covering your bases.

Filling the Void: Adding Life After Subtracting Work

This chapter is an important one once you have been able to achieve a decent level of freedom from time and location. Many may find themselves lost or even depressed, wondering what to do with all the spare time.

The most important point here, is that the aim is not to free your time to do nothing… instead it is to free your time to do something more fulfilling. You may start asking questions like “what is the meaning of it all?” and “am I doing this for freedom or because I’m lazy?”. Tim suggests, that if you can’t define or act upon it, then you should forget it.

You need to focus on something that is defined and actionable, and put your efforts on something that makes the biggest difference for yourself and other people. This could be continual learning and improving yourself, or helping others in some way, or a combination of both. Revisit and reset your goals to find a new direction.

The Top 13 New Rich Mistakes

Mistakes are bound to happen, after all we are human, and lifestyle design is a process which you learn. It is often that you slip back into old habits or assumptions, so being aware of the list of mistakes below, may help to keep you on the right path:

  1. Losing sight of dreams and goals, and doing work for the sake of work.
  2. Micro-managing your business processes and visiting email to fill in time.
  3. Handling problems that someone else could just as easily handle for you.
  4. Helping outsourcers with the same problem repeatedly or with unimportant problems.
  5. Chasing customers for the sake of it, when you are financially comfortable.
  6. Answering emails that can be answered by a FAQ or that doesn’t result in a sale or progress towards one.
  7. Working in the same area where you relax or sleep.
  8. Not performing an 80/20 analysis periodically.
  9. Striving for endless perfection.
  10. Inflating small problems as an excuse to work.
  11. Making unimportant and non-time sensitive issues urgent to justify work.
  12. Viewing one thing, whether it is a job, project or product as your entire existence.
  13. Not surrounding yourself with happy and positive people that have nothing to do with your work.

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The Last Chapter

This chapter is a short one and Tim simply says:

“The heaviness of success-chasing can be replaced with a serendipitous lightness when you recognize that the only rules and limits are those we set for ourselves.”

I wanted to write this one verbatim, in order to provide the full impact of the message.

The chapter then closes with a poem Tim received by email from a close friend, who left his deferred life plan after reading it. Hopefully this can provide some inspiration for you! I have given the poem its own post due to the power of the message in it. The poem is called Slow Dance, written by David L. Weatherford.

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Last but Not Least

This section is new to the expanded and updated version of the book and features:

  • The Best of the Blog – best articles from Tim’s popular blog.
  • Proposal to Work Remotely on a Contract Basis – an actual proposal used by a reader to move to Argentina and keep her job.
  • Living the 4-Hour Work Week: Cast Studies, Tips and Hacks – case studies and tips from readers of the book and people who have written in to Tim with their success stories.
  • Restricted Reading: The Few That Matter – Tim’s restricted reading list to complement the methods he talks about in the book.

If you are looking to grab a copy of the book, I strongly recommend you check it is the Expanded & Updated version, as you will get this extra chapter and more!

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Final Thoughts

Tim Ferriss’ book introduces you to the world of the new rich, where freedom of time and location matters most. The principles and processes described, can help anyone to escape the 9-5 and go traveling around the world (if they wish), or something as simple and modest as reducing your hours of work and stress, so that you can enjoy more of life.

Whatever your dream or goal, I hope you have found my summary on The 4-Hour Work Week useful for your working and personal life. This book changed my perspective on many things, the most important being that there was a way I could free my time and escape the bounds of the office, in order to achieve more and spend time with those I care for most.

If you have any questions or feedback, I am keen to hear them, and please do share your thoughts on the book!

Are you ready!? Yes! Then get pumped, get inspired and let’s create a muse and start out lifestyle design journey!
There is no Motivator better than Progress, and there is no progress without Action! – Tweet This
Let’s Do This!

Actions

  1. Purchase the book via Amazon, or download the free audio book through Audible.
  2. Read the book and ensure you action the steps at the end of each chapter. There is a lot of information, so aim to master each step before you move on to the next.
  3. Ask me any questions you might have.
  4. Continue your journey through the online world.
  5. Please leave me a comment or question below, I’d love to hear your thoughts on this book!
  6. Check out other great business books.

Get The Book

Purchase the book to get started with your journey in lifestyle design and create a life you don’t need to escape from!

 

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Categories: Books

Sven

Hey guys! I have a strong passion for online business and enjoy helping people escape the 9-5 office, by creating online businesses. I want to help people build a source of income that is separate from their time, allowing them to pursue their dreams and passions. Together we can focus on designing a life we don't need to escape from! If you ever need any help or have questions, I'm here, just give me a shout anytime!

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