Summary: The 4-Hour Workweek E-Book

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• Herausgeber: Business Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 34

Veröffentlichungsjahr: 2013

Beschreibung

The must-read summary of  Timothy Ferriss' book: "The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich".

This complete summary of the ideas from Timothy Ferriss' book "The 4-Hour Workweek" introduces you to the lifestyle of people who have decided against the 9-5 jobs and have organised their lives according to a set of rules that allows them to be financially successful without being chained to a desk. Discover how time and mobility can work to your advantage and how you can become one of the 'New Rich' in four steps.

Added-value of this summary: 
• Save time
• Understand the key concepts 
• Expand your business knowledge

To learn more, read "The 4-Hour Workweek" and discover how to become a 'New Rich' in four steps.

Leseprobe

Book Presentation:The 4-Hour Workweek by Timothy Ferriss

Summary of The 4-Hour Workweek (Timothy Ferriss)

Book Presentation:The 4-Hour Workweek by Timothy Ferriss

Book Abstract

MAIN IDEA

There is a new subculture of people in the world who have figured out that the 9-5 grindstone doesn’t really fire up their imaginations to any great degree. Instead, they organize their lives and follow a set of uncommon rules which typically allows them to work less than four hours a week but earn more in a month than most people do in a year. These people are the “New Rich” (NR). They abandon the conventional deferred-life plan (work now and retire later) and instead develop their own signature lifestyles which utilize the currencies of the New Rich: time and mobility.

There are four steps in the art and science of lifestyle design which will take you from being deferred-life oriented to becoming part of the New Rich:

About the Author

TIMOTHY FERRISS is a serial entrepreneur. In addition to speaking six languages, Mr. Ferriss runs a multinational firm from wireless locations worldwide. His eclectic passions include being a world record holder in tango, a national champion in Chinese kickboxing and a guest lecturer at Princeton University in high-tech entrepreneurship and electrical engineering. He has been profiled by The New York Times, National Geographic Traveler, Nbc and Maxim. Mr. Ferriss is a graduate of Princeton University and in 2007 turned 29 years of age.

The Web site for this book is at www.fourhourworkweek.com.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of The 4-Hour Workweek (Timothy Ferriss)

1. Definition

Before you can attempt to become part of the NR, you need to understand what the rules and objectives of this new game are. In practice, this means you need to replace the conventional self-defeating assumptions with concepts which are aligned with the overall NR lifestyle design.

“People don’t want to be millionaires – they want to experience what they believe only millions can buy. Ski chalets, butlers and exotic travel often enter the picture. $1,000,000 in the bank isn’t the fantasy. The fantasy is the lifestyle of complete freedom it supposedly allows. The question is then, ‘How can one achieve the millionaire lifestyle of complete freedom without first having $1,000,000?’”

– Timothy Ferriss

The New Rich think differently from Deferred Lifers. If you aspire to join the ranks of the NR, you’ll need to be prepared to abandon your old assumptions about work and career and strike out in a different direction. To be more specific about these differences:

The 10 basic rules of pursuing a NR lifestyle are:

Think of retirement as a worst-case scenario – and not the goal of your entire career. By all means plan for your retirement as a fallback position but plan on living life to the full in the meantime. Take advantage of 401(k)s and IRA for tax purposes rather than as the sum total of your financial preparation for retirement.Remember interest and energy are cyclical – so you should break periods of intense commercial activity with “mini-retirements” where you go off and recharge your batteries. Work only when you’ll be most effective, not when you’re jaded and washed out.It’s not lazy to do less work – if you’re focusing on doing the most productive things. Find workable ways to spend less time in the office but actually achieve more. Focus more effort on being productive and less on being busy.The timing is never right to quit your job and start working for yourself – so plunge into it now rather than waiting until the planets are aligned. Replace “someday” with “today”.It’s always much more fun to ask for forgiveness rather than asking for permission