This book was intriguing for many reasons, firstly because of who Timothy Ferriss is and the stories about all the wild adventure’s he’s been on. Secondly because he teaches so many techniques and reasons to become what he calls, a New Rich. Which means someone who takes mini retirements throughout life and consistently does things that excite them rather than working a 9-5 job for decades in order to not work anymore. Timothy says the goal is not inactivity but doing what excites you, and then he proceeds to discuss how you can make that happen no matter what your dreams, goals and interests may be.
He gives reasons why this lifestyle is so great, explains methods to make it happen and teaches step by step how to automate an online business so you can literally make money while you’re off playing in another country. One of many points he drives home is at least some degree of minimalism, because despite the enticing idea of having a nicer newer something, it usually has the opposite effect. If causes you to do more of what you don’t want in order to possess the item. For example a new care is exciting for a short time but the cost of having the car is more than the initial price which the price alone requires years of work and monthly payments to continue driving the vehicle. Plus, the cost of living in most countries around the world is far cheaper than the USA so if you can free up your time and money you can automatically triple it by taking an extended vacation to a country with cheaper cost of living. So free up your money and free yourself from maintenance and worry by having less. It’s actually more.
Tim teaches how you can outsource almost every piece of your life in order to free up your time and make money. Then you’ll have the means and to take an extended mini retirement to whatever location you want.
Tim calls the 4 Ws the freedom multiplier: “what you do, when you do it, where you do it, and with whom you do it.” Having the power to decide these things is real wealth and freedom.
“Alternating periods of activity and rest is necessary to survive, let alone thrive. Capacity, interest, and mental endurance all wax and wane. Plan accordingly.”
“The timing is never right to have a baby. And so it is. For all of the most important things, the timeing always sucks…The universe doesn’t conspire against you, but it doesn’t go out of its way to line up all the pins either.”
“What we fear doing most is usually what we most need to do. As I have heard said, a person’s success in life can usually be measured by the number of uncomfortable conversations he or she is willing to have. Resolve to do one thing every day that you fear. I got into this habit by attempting to contact celebrities and famous businesspeople for advice.”
“Remember there is a direct correlation between an increased sphere of comfort and getting what you want.”
“Practice with people bigger or more confident than yourself.”
“Slow down and remember this: Most things make no difference.”
“Limit tasks to the important to shorten work time (80/20). Shorten work time to limit tasks to the important (Parkinson’s Law).”
“Never check your email first thing in the morning. Instead, complete your most important task before 11:00 A.M. to avoid using lunch or reading e-mail as a postponement excuse.”
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