The 4 Hour Work Week by Tim Ferris Book Review
The title says enough what the book is going to be about! But before you let your gut scream Scam, misleading and distracting people on wrong lines, try to understand what it conveys. The 4 Hour Work Week is beyond a book or a show, it’s a lifestyle shift. And now, more than ever, with ever connected and digitalised world, it’s easier than ever to live your Dream life – travel around the world and live like millionaire without having millions. This book is about “How”.
People generally want the experience they think only millions can buy, rather than actual millions. The goal is not to free time and watch Television all day, but to travel around the world, learn about cultures – regional language, eat local food and experience rich and diverse life. Or so it is, for vast majority of people. It can be living peacefully in a village, or lavishly in mansions for you. The best part is – you can still adapt the principles of The 4 Hour Work Week independent of your Goals, and live more doing what you love.
Step 1: Elimination
- What you do is infinitely more important than how you do it.
80-20 Rule – Focus on 20% efforts that generate 80% results. Eliminate the rest.
Ask yourself – Am I being productive or just active?
- Ignore unwanted things. Most news and information is time consuming, negative and outside of influence.
- Learn to say no to things that waste time eg. Unwanted meetings, emails etc.
Create systems to limit availability, batch activities, automate things that can be.
Step 2: Automation
Nobody can give you freedom or independence. You have to take it. Automation works best when you work for yourself, and for that you have to create a product that can sell independent of your time. Steps :
- Market Selection and product brainstorm
Here, you begin by creating a product preferably something in fields related to your work experience, education, background or interests. It should be able to test in <$500, automated in 4-8 weeks and thereafter managed working 1 day/week. Sounds too good to be true? There are hundreds to thousands of people already doing it.
To get an accurate indicator of commercial feasibility, don’t ask people if they would buy, just ask them to buy. For operating, you would need basic set up of a Website/ Blog, generate traffic by advertise, say Google AdWords and analyze their behavior on website (using Google Analytics). All of this can be tested for <$500.
Once you have a product that sells, its time to create a business structure that runs itself.
You may hire virtual assistants for doing a lot of non-critical business work and streamline various functions, applying 80-20 rule for various tasks.
Step 3: Liberation
“It is far better for a man to go wrong in freedom, than to go right in chains”. Here, you go beyond working in a cubicle to exploring the world and living your dreams. If you’re still in Job, try the following exercise to work remotely/ from anywhere in the world.
- Try to increase investment by company in you, to make you more valuable & avoid being fired.
- Work for 1 day/ week and show higher output, citing less commute time & no distractions.
- Showcase benefits of working remotely with revocable decisions, to move gently to full time remote working.
Once this is set, you can get to 80-20 principle and use other tactics mentioned in book to actually, have higher output and try and create your own product eventually.
Mini-Retirement: once you have freed yourself from Working and are able to have more output in few hours in a week, you can start taking mini-retirements. Instead of binge travelling – 10 countries in 2-3 weeks, try slow travelling or relocating to a place for 1-6 months. Its time to live the dreams instead of liking those dream posts on Fb!
The 4 Hour Work Week by Tim Ferris is definitely worth a read, even if you have no plans for such lifestyle just to see and consider the possibilities.
If you would like to check it out, click Here
Tim ends the book on this nice poem
“Life is not a rat race,
do take it slower.
Hear the music,
before the song is over”