“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. Library of Congress Cataloging-in-Publication Data. Ferriss, Timothy. The 4-hour workweek: escape 9–5, live anywhere, and join the new rich /. Timothy. Tim shows how you can build a business in 6 months with automation in mind as the end result by outsourcing. He's a National Chinese Kickboxing Champion.
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Free PDF of The 4-Hour Workweek by Tim Ferriss. December On the final page , you'll have access to The 4HWW and Slow-Carb Cookbook. The 4-Hour Work Week teaches techniques to increase your time and financial freedom giving you more lifestyle options. By automating a. Excerpts — 50+ Pages Total for Each Book, Click to Download. The 4-Hour Workweek PDF — Part 1 · The 4-Hour Workweek PDF — Part 2 (Apologies for a few.
They deny the fear and remain optimistic. Fear itself is quite fear-inducing. Consider what is the absolute worst thing that could happen.
By avoiding these things, is it costing you? Whether this be financial, emotional or physical?
What are you waiting for? Tim explains that Dreamlining is different from goal-setting in 3 significant ways: The goals shift from ambiguous wants to defined steps. The goals have to be unrealistic to be effective. It focuses on activities that will fill the vacuum created when work is removed. Living like a millionaire requires doing interesting things and not just owning enviable things.
The 4-Hour Workweek
If you were 10 times smarter than the rest of the world? Have two separate timelines, one short-term e. With these timelines, you need to add 5 things that you dream about, whether it be something you dream about having, being and doing. Drawing a blank? How would this affect your dreams? And what is it that would make you excited to wake up in the morning?
Identify an action that would characterize this state of being or a task that would mean you had achieved it. What are the four dreams that would change it all? Identify 4 key dreams and consider how they would change your life. Now we put this into action, consider your income, expenses and months cash flow. Determine three steps for each of the four dreams in just the 6-month timeline and take the first step now. Break the dreams down, and start acting upon them immediately. You need to take this first step to start turning your dreams into a reality.
It is not daily increase but daily decrease. The height of cultivation always runs to simplicity. To be effective is to act in a way that is helping you reach your goals. And to be efficient is to act upon any given task, in the most productive way possible. The problem, Tim explains is that the default approach is often being efficient without regard to effectiveness.
And similarly, spending a lot of time on a certain task does not make it important either. It is the magic of the imminent deadline. If I give you 24 hours to complete a project, the time pressure forces you to focus on execution, and you have no choice but to do only the bare essentials. Tim explains that your best approach is to use both of these concepts together. And the best way to do this is to identify a few tasks that are both critical and will contribute to the majority of your income.
If you had a heart attack and had to work two hours per day, what would you do?
What if you had a second heart attack and had to work two hours per week, what would you do? If this is the only thing I accomplish today, will I be satisfied with my day?
Are you inventing things to do to avoid the important? Most are all three. Time Wasters Time wasters include meetings, phone calls, internet surfing, emails, and discussions.
Life is short.
These can more often than not be ignored with minimal consequences. Tim has a few tips to avoid time wasters as much as possible; E-mail is almost certainly the most significant interruption in the workplace. Minimise the emails you send AND read. Make sure the sound and notification of emails are turned off. Try and only check your email 2 times in a day. Tim suggests first at noon, and again at P. This timing will ensure you have the most responses from previously sent e-mail.
Screen any phone-calls you receive. And limit the phone calls you make. If possible, Tim suggests you have two phone numbers.
One can be used as your office line, and your cell phone number can be reserved for only urgent phone calls. Most issues and work-related communication is not urgent at all. Steer your colleagues, clients etc. If someone has left you a voice-mail, reply to this via email when possible.
This will help teach people the best way to reach you. Meetings should only be held to make decisions about a predefined situation, not to define the problem. If you absolutely cannot stop a meeting or call from happening, define the start and the end time. These can be defined as tasks that are repetitive in nature but need to be completed regularly. These are the little tasks that interrupt the start-to-finish workflow of a task.
Common time consumers include reading emails, replying to emails, talking on the phone, customer service tasks, reporting finances or sales, errands, personal tasks, regular manual updates. Anything that gets repeated frequently. Tim points out that whenever a task is interrupted, psychologically, it can date up to 45 minutes to resume that task. The best approach to combatting these time-wasters is to wait until you have a large quantity of the task to do.
This approach is called batching and is a great solution to let these tasks interrupt larger, more important work. Empowerment failures Empowerment failures are the third key interruption is cases where your approval is required in order for something to happen. When someone has to come to you before they can take the next step in their task. Or, in the case where you have to go to someone else before you can proceed with a task. If people who you work with are unable to complete a task from start-to-finish without receiving permissions or further information, it becomes a case of empowerment failures.
As an employee, to be able to work as seamlessly as possible means having access to required information and having the ability to make as many decisions as possible.
If you feel you are in a position where you are being micro-managed, sit down with your boss and explain to them why you having more access to information and the ability to make decisions will benefit you both, by allowing you to be more productive and for your boss to have fewer interruptions.
Do not let people interrupt you. It means that you can offload some of your work to them, it frees up your time to work on other things and gives you the opportunity to practice giving orders.
Their time is just as valuable as yours. Golden Rule 2: On a lighter note, have some fun with it. Have someone in Bangalore or Shanghai send e-mails to friends as your personal concierge to set lunch dates or similar basics.
Hire an assistant — regardless of whether or not you need one right now.
Identify which tasks on your to-do-list have been sitting there the longes. And identify any tasks that you currently do, that could be done by a virtual assistant. Every time you are interrupted or frustrated, is this where a VA could come in? Identify your top five time-consuming non-work tasks and five personal tasks you could assign for sheer fun. Something that's either downloadable or shippable in order to help you eliminate the limitations of a per-hour-based model.
First, find the market, understand who the customer is, and create a product for them. Option one: resell a product, option two: license a product, option three: create a product Information products are low-cost, fast to manufacture, and time-consuming for competitors to duplicate.
Consider that the top-selling non-information. All you need is a simple website, just pages, which correlates to hours work. Things to consider to make your offer better than the competition are; more credibility indicators? A better guarantee? Better selection?
The 4-Hour Work Week by Tim Ferris [BOOK SUMMARY & PDF]
Test: Test the offer using short Google Adwords advertising campaigns three hours to set up and five days of passive observation. Divest or Invest: Identify the losers and cut them out, manufacture the winner and get ready for sales. How many conversions on site? Estimate potential demand and profitability from conversion data. Consider improving the offering e. Decide to invest in the product or move on to another idea.
Step 4: Rollout and automate. This is where most entrepreneurs get stuck. They fail to move on from bootstrapping and replace themselves. The reward is a scalable business that can shift from 10 to 10k orders per week. Start with the end product in mind.
How to: make the system the solution. Contract specialist outsourcing companies e. Ensure that outsourcers are willing to communicate among themselves. Give them written permission to make inexpensive decisions without consulting you. Phase I: 0 — 50 units shipped Do it all yourself. Take all calls and emails yourself. Write down FAQs. Make pay per click advertisements and website more specific. Investigate merchant account options with a bank esp.
Add the FAQ to your website and continue to develop it. Ask for three customer references and ask those for examples of specific past issues.
Ask for net terms payment for services 30 days after rendered. Have manufacturer ship directly to your fulfilment house. Research bigger fulfilment houses that also handle refunds and returns. Ask for referrals to call centres and credit card centres they already work with. Set up with credit card processor first important for returns and refunds.
Review online vs. Call toll free numbers of some of their other clients. Should be answered within 3 — 4 rings. Ask difficult questions and gauge sales ability.
Minimise decisions and avoid complexity. Offer one or two download options. Offer one, fast shipping option and charge a premium. Eliminate phone orders completely online only. Do not odder international shipments customs are a pain. See customers as equal trading partners. Do not accept payment via Western Union, checks or money order.
Raise wholesale minimums to 12 — units and require a tax ID. Refer resellers to an online order form and never negotiate price on higher volumes. Offer low prices products instead of free products to capture information. Do not accept orders from common mail fraud countries e.
Look bigger than you are when approaching large resellers or partners. Makes the company look bigger than it is. Avoids making you the obvious decision maker in negotiations. Put multiple emails for different departments on your website even if they forward to just 1. Do not provide a home address use partner addresses or a PO box.
Employees often struggle here because they fear taking control. Escape the office. Be smart about how and when you try to liberate yourself from the office. Put yourself in your bosses shoes: adjust slowly and demonstrate benefits to them personally.
Time your requests for a period when it would be difficult to lose you. Suggest a company funded training course. Mention the benefits to your boss and the company. Step 2: Prove increased output offsite. Request to work remotely: compromise on salary during that period if necessary. Collaborate with your boss on how this will work to get them invested. Work from home and double your output on those days in a traceable way. Keep records of productivity for reference during later negotiations.
Step 3: Prepare the quantifiable business benefit. Communicate ongoing remote working as business sense, not a personal perk.
Write bullets of quantifiable out of office results achieved e.
The 4-Hour Work Week : Escape the 9-5, Live Anywhere and Join the New Rich
Identify causes e. Step 4: Propose a revocable trial period. Approach boss one week after absence. Propose e.
Use the evidence identified in step 3 to demonstrate value to business.
Make it clear the trial can be cancelled by your boss at any time. Step 5: Expand remote time. Repeat steps 2 and 3 on remote days no need to call in sick. Ask for and address specific concerns if you come up against resistance. Re-emphasise the revocable nature of the trial. How could you mitigate it?. Still struggling? Imagine you had a heart attack: How could you work remotely for four weeks? If not, why? Now fix it. Practice environment free productivity. Work out the kinks before you go for liberation.
Quantify your productivity. These measures will help you and your proposal. Practice getting past no e. Remind yourself there are other options: post your resume to a job site under a pseudonym. Replace binge travel with mini retirements.
Emotionally: Relocation forces decluttering, simplification and prioritisation.
Financially: Relocation is much cheaper than both vacation and home life.If people who you work with are unable to complete a task from start-to-finish without receiving permissions or further information, it becomes a case of empowerment failures. Scout out travel insurance. Work out the kinks before you go for liberation. Interest and Energy Are Cyclical. Test: Test the offer using a 5 day Google Adwords campaign 3h set up.
More credibility indicators media, academia, associations. Use the evidence identified in step 3 to demonstrate value to business. Take all calls and emails yourself. EDIT: I've left my original opinion below. If you're at a point of transition, but feel "busy" but NOT "productive" then I highly recommend it.
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