Builders of wealth

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Create Your Own 4-Hour Work Week

September

12th

builders

Serial Entrepreneur & Ultravagabond

Timothy Ferriss, author of the 4 Hour Work Week, is a self-described “serial entrepreneur and ultravagabond” who lives a lifestyle that most of us could only dream about — until now.

Ferriss presents a step-by-step guide to his free-wheeling lifestyle, allowing us to follow in his footsteps and realize lifelong dreams. Some people consider Ferriss to be an “Indiana Jones for the digital age”.

This exciting book has been number one on three different best seller lists: Wall Street Journal, NY Times and BusinessWeek.

Replace Obsolete Assumptions

His basic premise is that we need to replace obsolete assumptions with the “Rules of the New Rich” and enjoy life more right now.

Online business owners need to replace the limiting assumptions that prevent us from enjoying life now. We need to replace limiting assumptions that waste our time and force us to live in a particular location.

The New Rich (NR) believe that time and mobility are the most precious commodities.

Rules of the New Rich

According to Ferris, the “Rules of the New Rich” include the following:

* Retirement is Worst-Case Scenario Insurance
* Interest and Energy are Cyclical
* Less is Not Laziness
* The Timing Is Never Right
* Ask for Forgiveness, Not Permission
* Emphasize Strengths, Don’t Fix Weaknesses
* Things in Excess Become the Opposite
* Money Alone is Not the Solution
* Relative Income is More Important than Absolute Income
* Distress is Bad, Eustress is Good

The 4HWW Model

His model provides us with a roadmap for realizing our own lifelong dreams. He shows us how to:

* Live like a millionaire
* Free time and automate income
* Outsource our lives to overseas virtual assistants for $5/hour
* Travel the world without quitting our jobs
* Eliminate 50% of our work in 48 hours
* Trade a long-haul career for short work bursts and mini-retirements

He uses the DEAL acronym to describe his model, where:

* D = Definition
* E = Elimination
* A = Automation
* L = Liberation

He encourages us to use “Dreamlining” to design our own luxurious lifestyles. Elmination, simplification, and outsourcing to virtual assistants are the building blocks to a luxurious lifestyle among the New Rich (NR).

The art and science underlying the Ferris 4 Hour Workweek is called Lifestyle Design (LD). Lifestyle Design (LD) relies heavily upon automation, i.e., building systems and processes that remove ourselves as bottlenecks. Don’t automate anything that should be eliminated, and don’t delegate anything that should be automated or simplified.

Carpe Diem!

This book shows how to recognize and seize opportunities that others miss. Along the way, you’ll come to realize that having choices; i.e., choice gives us real power in life.

Personally, I found this book very easy to read – and very compelling.

He shows us that we can realize our lifelong dreams much easier and cheaper than we had previously thought; however, the necessary ingredients are courage and self-confidence to take a leap of faith. I plan to implement many of his ideas into my own life and am presently automating my income using the FREE MaxPro Report & Audio.

Ferriss has provided a wealth of valuable resources both in the book itself and on his website/blog.

I recommend you check out Ferriss’ book and his website/blog. I’ll be recommending this top three Best Seller List book to everyone I know.