4 Hour Workweek Pdf

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1-Sentence-Summary: The 4-Hour Workweek is the step-by-step blueprint to free yourself from the shackles of a corporate job, create a business to fund the lifestyle of your dreams, and live life like a millionaire, without actually having to be one. Dec 22, 2010  First published in 2008, The 4-Hour Workweek by Tim Ferriss is a book about “lifestyle design” and included many uncommon ideas about working and retirement. He describes how you can build a business and delegate/outsource nearly everything about it. He’s ruthless (in a good way), from hiring virtual assistants from India to teaching you to avoid answering 99% of your incoming e-mails.

Four Hour Work Week Pdf

STEP I: D IS FOR DEFINITION
Chapter 1 – Cautions and Comparisons: How to Burn $1,000,000 a Night
Chapter 2 – Rules That Change the Rules: Everything Popular is Wrong
Chapter 3 – Dodging Bullets: Fear-setting and Escaping Paralysis
Chapter 4 – System Reset: Being Unreasonable and Unambiguous

STEP II: E IS FOR ELIMINATION
Chapter 5 – The End of Time Management: Illusions and Italians
Chapter 6 – The Low-Information Diet: Cultivating Selective Ignorance
Chapter 7 – Interrupting Interruption and the Art of Refusal

Buy The 4-Hour Workweek, #1 New York Times bestseller. Chapter 16 – The Top 13 New Rich Mistakes. Back to the list of chapters Buy The 4-Hour Workweek, #1 New York Times bestseller. The Last Chapter: An Email You Need To Read. Back to the list of chapters Buy The 4-Hour Workweek, #1 New York Times bestseller. Online Bonus Chapters. Free download or read online The 4-Hour Workweek pdf (ePUB) book. The first edition of this novel was published in 2007, and was written by Timothy Ferriss. The book was published in multiple languages including English language, consists of 308 pages and is available in Hardcover format. The main characters of this business, non fiction story are,. In The 4-Hour Workweek, #1 New York Times best-selling author Tim Ferriss, teaches you how to escape the 9-5, live anywhere, and join the new rich. 1,500+ 5-Star Reviews.

The 4-Hour Workweek Timothy Ferriss on Amazon.com.FREE. shipping on qualifying offers. First published in 2008, The 4-Hour Workweek by Tim Ferriss is a book about “lifestyle design” and included many uncommon ideas about working and retirement. He describes how you can build a business and delegate/outsource nearly everything about it.

STEP III: A IS FOR AUTOMATION
Chapter 8 – Outsourcing Life: Offloading the Rest and a Taste of Geoarbitrage
Chapter 9 – Income Autopilot I: Finding the Muse
Chapter 10 – Income Autopilot II: Testing the Muse
Chapter 11 – Income Autopilot III: MBA—Management By Absence

STEP IV: L IS FOR LIBERATION
Chapter 12 – Disappearing Act: How to Escape the Office
Chapter 13 – Beyond Repair: Killing Your Job
Chapter 14 – Mini-Retirements: Embracing the Mobile Lifestyle
Chapter 15 – Filling the Void: Adding Life After Subtracting Work
Chapter 16 – The Top 13 New Rich Mistakes

Chapter 4 – System Reset: Being Unreasonable and Unambiguous

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Chapter 5 – The End of Time Management: Illusions and Italians

  • RescueTime – A free software productivity tracking tool. Just install it once, and it sits in the background measuring your productivity. Then, you can see exactly how many minutes you’ve spent on productive and unproductive apps at the RescueTime website.
  • E.ggtimer – A convenient countdown timer. Use it when you want to give yourself a boost to get stuff done.

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Chapter 6 – The Low-Information Diet: Cultivating Selective Ignorance

  • Website Blocking Software – If you find yourself using some specific websites too much (Facebook, I’m looking at you!), consider installing website blocking software. You’ll need either Google Chrome or Firefox as your web browser. If you are using Chrome, install StayFocusd. With Firefox, use LeechBlock. These add-ons will let you specify time-wasting sites, set a maximum counter, and block the sites once you’ve used them for too long.

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Chapter 7 – Interrupting Interruption and the Art of Refusal

  • Skype will allow you to route calls to online voicemail.
  • Evernote – Evernote allows you to easily capture information from anywhere, using whatever device you have at hand. You can take photos, write notes, or record audio. It’s perfect for getting rid of your reliance on paper, and keeping everything stored in one place.
  • Google Voice – Want to screen and avoid incoming calls? Google Voice will allow you to see who is calling before you pick up, send users to voicemail, and actually transcribe the voicemails so you don’t even have to listen!
  • Doodle – a very impressive, free tool for quickly scheduling events. Create a poll in 30 seconds and forward a link to several people. Check back later to see which time is most popular/available.
  • BookFresh – Let colleagues self-schedule time with you by setting available times based on your calendar’s available slots. Your colleagues can see what’s available, and choose.
  • Siri or Google Voice Actions – Already built into your smart phone, use Siri (iPhone) or Google Voice Actions (Android) to quickly jot down reminders, set to-dos, or send quick emails without even unlocking your phone.
  • CopyTalk – Dictate any message up to four minutes and the transcription will be emailed to you within hours. Excellent for brainstorming, and the accuracy is great!
  • Freedom – Sometimes, the only way to be productive is to turn off your internet altogether. Freedom is an Apple app which will allow you to turn off your Internet, irrevocably, for a set period of time. Hit it once, and you’re free — you won’t be able to turn back on the Internet until the time has run out.

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Chapter 8 – Outsourcing Life: Offloading the Rest and a Taste of Geoarbitrage

Virtual Assistant Resources

U.S. and Canada

North America and International

  • Elance – Search “virtual assistants,” “personal assistants,” and “executive assistants.” Elance is a marketplace for assistants and workers. Each assistant has reviews, so you can see if your potential assistant is excellent or not. Other marketplaces to consider are Guru, or VWorker

India

Philippines

Scheduling and Calendar Resources

  • BusyMac – I have two Gmail accounts: one private account for me and one for my assistant, where general e-mail is sent. I use BusyMac to synchronize her Google Calendar with iCal (Mac calendar) on my laptop.
  • Google Calendar – It’s never been easier to sync calendars across multiple people. You can use Google Calendar to add your VA’s calendar to your own view, so you know exactly where you (and your assistant) need to be. Using Google Apps has allowed me to have assistants and employees create calendars within a single workspace, and share calendars easily with each other.
  • Asana – Started by the co-founder of Facebook, Asana acts as a free task manager for teams. You can create to-dos, schedules, and metrics—and assign them to anyone on your team. Works seamlessly on your smartphone and computer.
  • WebEx Office – Share your calendar online while masking personal appointments. Can be synchronized with Outlook, and also offers document sharing and other assistant- or team-friendly features. I suggest you compare this to synchronizing your Outlook with an assistant’s calendar.

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Chapter 9 – Income Autopilot I: Finding the Muse

Potential suppliers and product creators

  • ThomasNet – A location for finding suppliers, components, and equipment.
  • SeeedStudio – Have an idea? Get connected with an engineer who can help you build that prototype, source the parts, build the production line, and turn your idea into something amazing.

Comfort Challenge

  • Contact Any Celebrity – For your comfort challenge, you want to try to find a potential superstar mentor. Contact Any Celebrity is a service that can help you get in contact with someone you’ve always dreamed of.

Confirming Sufficient Market Size

  • Quantcast – Find the number of monthly visitors for most websites, in addition to the search terms that generate the most traffic for them.
  • Writer’s Market – A list of thousands of specialty and niche magazines, including circulation and subscription numbers. The print version is preferable to the digital version.
  • Spyfu – Download competitors’ online advertising spending, keywords, and ad-word details. Consistent and repeat spending generally indicates successful advertising ROI.
  • Standard Rate and Data Services – Check out this resource for annual listings of magazine and company customer mailing lists available for rent. If you’re considering creating a how-to video for duck hunting, check out the size of customer lists from hunting gun manufacturers and related magazines first. Use the print version in libraries instead of paying for the somewhat confusing online access.

Finding Products to Resell or Manufacturing

  • Affiliate Networks: Clickbank, Commission Junction, and Amazon Associates – No inventory, no invoices. Experimenting with products and categories through affiliate networks such as Clickbank and Commission Junction, which pay you 10– 75% of each purchase, is a fast method for doing a proof-of-concept using similar products. It’s often worth setting up accounts at both just to observe how bestselling items are being sold and promoted. Amazon Associates averages 7– 10% commissions, but bestselling books are excellent for testing target markets for more elaborate informational products. For all of the above: Do not get into bidding wars against other affiliates using expensive general keywords or overexposed brand names. Go niche or go broke.
  • Alibaba – Based in China, Alibaba is the world’s largest business-to-business marketplace. From MP3 players for $ 9 each to red wine for $ 2 per bottle, this site is the source. If someone here doesn’t make it, it probably can’t be made.
  • Worldwide Brands – Offers an extensive how-to guide for finding manufacturers willing to dropship product to your customers, which allows you to avoid pre-purchasing inventory. This is where Amazon and eBay power users find not just drop shippers, but also wholesalers and liquidators. Shopster is also a popular option, with more than 1,000,000 dropship products to choose from.
  • Thomas’s Register of Manufacturers (800-699-9822) Searchable database of contract manufacturers for every conceivable product, from underwear and food products to airplane parts.
  • Electronics, DVDs, Books (Ingram Book, Tech Data)
  • Housewares and Hardware (House Wares, National Hardware Show) (847-292-4200) For these product categories and related talent (on-screen demonstrations), also consider attending local or state fairs.
  • Consumables and Vitamin Products (Expo East, Expo West)
  • SeeedStudio – Have an idea? Get connected with an engineer who can help you build that prototype, source the parts, build the production line, and turn your idea into something amazing.

Finding Public Domain Information to Repurpose

  • Project Gutenburg – Project Gutenberg is a digital library of more than 15,000 pieces of literature considered to be in the public domain.
  • LibriVox – LibriVox is a collection of audiobooks from the public domain that are available for free download.

Recording Seminars or Phone Interviews with Experts for CD Downloadable Products

  • Hot Recorder (PC) or Call Recorder (Mac) – Use these programs to record any inbound or outbound phone call via computer using Skype and other VoIP programs.
  • NoCost Conference – Provides a free 800-number conference line, as well as free recording and file retrieval. Normal phones can be used for call-in, so no computer or web connection is required for participants. If you’ll have a Q& A, I suggest soliciting attendee questions beforehand to avoid issues with muting/unmuting of lines.
  • Jing Project – If you’d like to record the actions on your screen for video tutorials, this free program will get the job done. If you need advanced editing features, Jing’s big brother Camtasia is the industry standard.

Licensing Ideas to Others for Royalties

  • InventRight (800-701-7993) – Stephen Key is the most consistently successful inventor I’ve ever met, with millions in royalties from companies like Disney, Nestlé, and Coca-Cola. He is not high-tech but specializes in creating simple products, or improving on existing products, and then licensing (renting) his ideas to large corporations. He comes up with the idea, files a provisional patent for less than $200, and then lets another company do the work while he collects checks. This site introduces his fail-proof process for doing the same. His techniques for cold-calling alone are invaluable. Highly recommended.
  • Guthy-Renker Corporation (760-773-9022) GRC is the 800-pound infomercial gorilla. It brings in more than $ 1.3 billion per year in sales with mega-hits like Tony Robbins, Proactiv Solution, and Winsor Pilates. Don’t expect more than a 2– 4% royalty if you make the cut, but the numbers are huge enough to make it worth a look. Submit your product online.

Searching Patents for Unexploited Ideas to Turn into Products

  • United States Patent and Trademark Office (800-786-9199)
  • Licensable Technologies Developed at Universities (see “view all listings” under “Technology Transfer Offices”)
  • Inventors Groups and Associations (call and ask if members have anything to license)

Becoming an Expert

  • ProfNet via PR Leads and HARO – Receive daily leads from journalists and TV and radio producers looking for experts to cite and interview for media ranging from local outlets to CNN and the New York Times. Stop swimming upstream and start responding to stories people are already working on. HARO offers select leads at no cost, and you can mention my name with PR Leads to get two months for the price of one.
  • PRWeb Press Releases – The press release is dead for most purposes, but using this service has some serious search-engine benefits, such as appearing at the top of related Google News and Yahoo! News results.
  • ExpertClick – This is another secret of the PR pros. Put up an expert profile for media to see, receive an up-to-date database of top media contacts, and send free press releases to 12,000 journalists, all on one website that gets more than 5 million hits per month. This is how I got on NBC and ended up developing a prime-time TV show. It works. Mention my name on the phone, or use “Tim Ferriss $ 100” online, to get a $100 discount.

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Chapter 10 – Income Autopilot II: Testing the Muse

  • Google Adwords Keyword Tool – Enter the potential search terms to find search volume and alternative terms with more search traffic. Click on the “Approx Avg Search Volume” column to sort results from most to least searched.
  • SEOBook Keyword Tool, SEO for Firefox Extension – This is an outstanding resource page with searches powered by Wordtracker.

Fast and Simple Website Creation for Non-Techies (and Techies)

  • Bluehost – In general, I suggest a WordPress-based site or blog, as they’re very good for SEO (search engine optimization) “out-of-the-box.” Unless you’re a huge site (in which case I suggest WordPress VIP), I suggest using a hosting company with one-click WordPress installation, like Bluehost. I still use Bluehost for several of my websites. Their version of WordPress (WordPress.org) is highly customizable WordPress.org, unlike WordPress.com below, which is less flexible.
  • WordPress.com – I used WordPress.com to set up www.litliberation.org from a coffee shop in Bratislava, Slovakia, when a U.S.-based designer flaked out and left me scrambling. It took me less than three hours to learn how to use it and build the site. The site, an experimental educational fundraiser, ended up raising 200% + more than Stephen Colbert in the same period of time. This platform is easy to use, but it doesn’t allow the type of “plugins” that made WordPress famous.

Create Forms in Seconds for Testing Checkout with or Without Payment

  • Wufoo – Wufoo does not offer a full-featured shopping cart, but it provides the cleanest, easiest-to-use forms on the web. Create a checkout page that connects to PayPal and you can (1) link to this checkout page from your site on Weebly, WordPress.com, or elsewhere, or (2) drop the code into your own website and have it hosted there. Wufoo is appropriate for testing and selling single products, as people can’t add multiple items to a shopping cart or otherwise customize the order à la Amazon. For those additional options, which are often desirable after successful testing, you will want to use an “end-to-end site solutions” listed later in these resources.

Cost-Effective Trademark Filing and Company Formation (LLC, C-Corp, etc.)

  • LegalZoom – Company formation, trademarks, and nearly all legal documents. I know one founder who used this service to incorporate his tech start-up, which is now worth more than $ 200 million.
  • Corporate Creations – Domestic and overseas company formation.

Services for Selling Downloadable Products (e-books, videos, audio, etc., in descending order of reader preference)

  • Lulu – Lulu will also do print-on-demand and other forms of manufacture and fulfillment. Like Lightning Source, it offers distribution through Amazon, Barnes & Noble online, and other major outlets.
  • CreateSpace – A subsidiary of Amazon.com that offers inventory-free, physical distribution of books, CD and DVDs on Demand, as well as video downloads through Amazon Video On Demand ™.
  • Clickbank – Provides integrated access to affiliates willing to sell your product for a percentage of sales.

Introduction to Pay-Per-Click (PPC) Advertising and Testing

Market Sizing and Keyword Suggestion Tools 2013 honda metropolitan scooter manual.

  • Google Adwords Keyword Tool – Enter the potential search terms to find search volume and alternative terms with more search traffic. Click on the “Approx Avg Search Volume” column to sort results from most to least searched.
  • SEOBook Keyword Tool, SEO for Firefox Extension – Outstanding resource page with searches powered by Wordtracker.

Low-Cost Domain Registration

  • Domains in Seconds – I have registered more than 100 domains through this service.

Inexpensive but Dependable Hosting Services

  • Bluehost (I use Bluehost for several of my own sites)
  • RackSpace (known for dedicated and managed servers, which are more expensive)
  • Hosting.com (known for dedicated and managed servers, which are more expensive)

Royalty-Free Photos and Materials

  • iStockphoto – iStockphoto is the Internet’s original member-generated image and design site, which has more than 4 million photographs, vector illustrations, videos, audio tracks, and Flash files available for use.
  • Getty Images – This is where the pros go. Stock photos and film of anything for a price. I pay $ 150– 400 for most images I use in national print campaigns and the quality is outstanding.

E-mail Sign-up Tracking and Scheduled Autoresponders

  • AWeber and MailChimp – Both of these programs can be used to embed e-mail address sign-up forms on your site.

End-to-End Site Solutions with Payment Processing

  • Shopify – This is a reader favorite that, in addition to beautiful design, offers full SEO (search-engine optimization), drag-and-drop use, statistics, and product fulfillment through one of their certified partners such as Fulfillment by Amazon.com. Clients range from small-business owners to Tesla Motors. Unlike with Yahoo and eBay, however, you will need to set up a payment-processing service to accept payments from customers. (See below— PayPal is the easiest to integrate.)
  • Yahoo! Store (866-781-9246) – As little as $40 a month with 1.5% per transaction.
  • eBay Store – From $ 15– 500 per month, plus eBay fees.

Simple Payment Processing for Testing Pages, from Least to Most Involved

  • PayPal Cart (see “merchant”) – Accept credit card payments in minutes. No monthly fees, 1.9– 2.9% of each transaction (called “discount rate”) and $ 0.30 per transaction.
  • Google Checkout – Get $10 in free processing for each $1 spent on AdWords; 2% and $ 0.20 per transaction thereafter. Requires that customers have a Google ID, and is thus most useful as a supplement to one of the aforementioned payment solutions. Be sure to link your Checkout account to your AdWords account to receive credit. Important note: free transaction processing for nonprofits.
  • Authorize.net – The Authorize.Net Payment Gateway can help you accept credit card and electronic check payments quickly and affordably. More than 230,000 merchants trust Authorize.net to manage their transactions, help prevent fraud, and grow their business. The fees per transaction are lower than PayPal or Google Checkout, but setup will require a merchant account, covered in the next chapter, and other time-consuming applications. I suggest setting up Authorize.net only after a product has tested successfully through one of the other two options above.

Software for Understanding Web Traffic (Web Analytics)

  • CrazyEgg – I use CrazyEgg to see exactly where people are clicking most and least on homepages and landing pages. It is particularly helpful for repositioning the most important links or buttons to help prompt visitors to take specific next actions. Don’t guess what’s working or not— measure it.

A/B Testing Software

  • Google Analytics – Google’s Website Optimizer has been integrated into Google Analytics, so you can use it for testing and for analytics.

Low-Cost Toll-free Numbers

  • OneBox and Kall8 – OneBox and Kall8 both allow you to set up toll-free numbers in 2– 5 minutes. Calls can then be forwarded to any other numbers, and voicemail and statistics can be managed online or via e-mail.

Checking Competitive Site Traffic

Freelance Designers and Programmers

  • 99Designs and Crowdspring – I used 99Designs to get an excellent logo for www.litliberation.org in 24 hours for less than $150. I submitted the concept, more than 50 designers worldwide uploaded their best attempts, which I could browse, and I chose the best after suggesting a few improvements. From Crowdspring’s site: “Name your price, name your deadline, see entries within hours and be done in just days. The average project gets a whopping 68 entries. 25 entries or your money back.”
  • eLance (877-435-2623)

Miscellaneous Tools

  • RememberTheMilk.com has been really crucial to me keeping on top of my daily tasks.
  • Freshbooks.com for online invoicing
  • Highrise for online CRM
  • Dropbox for easy file sharing/ automatic backup of critical files while on the road
  • TrueCrypt for keeping your laptop data secure while on the road. [Tim comment: This can also be used with a USB flash drive, and another cool feature— it provides two levels of “plausible deniability” (hidden volumes, etc.) if someone forces you to reveal the password.]
  • PBworks.com – Wiki site that helps me keep on top of the notes and ideas that I collect as I go through life.
  • FogBugz on Demand: It’s a “bug tracker” aimed at software development companies, but I use it every day for both personal and business tasks. It’s almost like a VA, as you can route your mail through it and it will help you sort it and keep track of it. It has great features to track e-mails, and there’s a free version for two users (you + VA!).
  • Amazon Mechanical Turk – A great service to get quick tasks automated and repeated by humans.

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Chapter 11 – Income Autopilot III: MBA—Management By Absence

Looking Huge— VIRTUAL RECEPTIONIST AND IVR

  • Angel – Get an 800 number with professional voice menu (voice recognition departments, extensions, etc.) in five minutes. Incredible.
  • Ring Central – Offers toll-free numbers, call screening and forwarding, voicemail, fax send and receive, and message alerts, all online.

CD/ DVD Duplication, Printing, and Product Packaging

Local Fulfillment (fewer than 20 units shipped per week)

End-to-End Fulfillment Companies (more than 20 units shipped per week, $ 500 + setup)

  • Motivational Fulfillment – The secret backend to campaigns from HBO, PBS, Comic Relief, Body by Jake, and more.
  • Innotrac – They are currently one of the largest DR marking companies.
  • Moulton Fulfillment – 200,000-square-foot facility with real-time online inventory reports.

Call Centers (per-minute and/ or per-sale fees)

  • LiveOps – Pioneer in home-based reps, which often ensures more calls are answered. Provides comprehensive service with agents, IVR, and Spanish. Often used for one-step order taking instead of soft offers.
  • West Teleservices – 29,000 employees worldwide, processes billions of minutes per year. All the high-volume and low-price players use them for lower-priced products or higher-end products with free trials and installment plans.
  • NexRep – Highly skilled home-based sales agents that specialize in B2C and B2B, inbound and outbound programs. If performance, speed to respond, Internet integration, and quality customer experience are your priorities, this is a strong option to consider.
  • Triton Technology – Commission-only sales center know for incredible closing abilities (see the movie Boiler Room and Alec Baldwin’s character in Glengarry, Glen Ross). Don’t call unless your product sells for at least $ 100.
  • CenterPoint Teleservices – This sales force has experience to convert sales from hard offers, soft offers, and multiple offers (upselling additional products after a caller agrees to purchase the advertised product) originating from radio, TV, print, or the web.

Credit Card Processors (merchant account through your bank necessary)

  • Trust Commerce
  • PowerPay – One of the Inc. 500 Fastest-Growing Private Companies. Process credit cards from your iPhone and more.

Affiliate Program Software

  • My Affiliate Program – Also see the affiliate programs listed in the “Tools and Tricks” at the end of Chapter 9.

Discount Media Buying Agencies

  • Manhattan Media (Print) – Great agency with fast turnaround. I’ve used them since the beginning.
  • Novus Media (Print) – Relationships with 1,400 + magazine and newspaper publishers with an average of 80% of rate card. Clients include Sharper Image and Office Depot.
  • Mercury Media (TV) – Largest private DR media agency in the U.S. Specialists in TV but can also handle radio and print. Offer full tracking and reporting to determine ROI.
  • Havas Edge (Cross Media) – One of the worldwide leaders in DRTV media across all platforms.
  • Canella Media Response Television (TV) – Uses the innovative P/ I (per inquiry) model for compensation, where you split order profits instead of paying for time upfront. This is more expensive per order if you have a successful campaign, but it lowers upfront investment in media.
  • Marketing Architects (Radio) – The de facto leaders in radio
  • Radio Direct Response (Radio) – Mark Lipsky has put together a great firm, with clients ranging from small direct marketers to Travel Channel and Wells Fargo.

Online Marketing and Research Firms (PPC campaign management, etc.)

Starting Small— FIND A LOCAL INDIVIDUAL TO HELP

  • SEMPO (see the member directory)

Excellent Mid-Size Firms

  • Working Planet

The Hard-Hitting Pros— SMALL CAMPAIGNS START AT SEVERAL THOUSAND DOLLARS

  • Marketing Experiments – This is my team.
  • ROIRevolution – Cost is determined by a percentage above monthly PPC spend.

Full-Service Infomercial Producers

Retail and International Product Distribution

  • Tristar Products – Behind the PowerJuicer and other hits. Tristar also owns their own production studio and can therefore offer end-to-end services in addition to retail distribution.
  • BJ Direct (International)

Celebrity Brokers

  • Celeb Brokers – President Jack King was the one who first turned me on to this fascinating world. He knows it all inside and out.

Celebrity Finding

  • Contact Any Celebrity – It is possible to do it yourself, as I have done many times. This online directory and its helpful staff will help you find any celebrity in the world.

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Chapter 12 – Disappearing Act: How to Escape the Office

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Chapter 13 – Beyond Repair: Killing Your Job

Job Posting Sites

Considering Options and Pulling the Trigger

  • I-Resign – This site provides everything from non-quitting options (work-leave, vacations) to sample resignation letters and second-life job-hunting advice. Don’t miss the helpful discussion forums and hysterical “web consultant from London” letter.

Opening Retirement Accounts

  • Franklin-Templeton (800-527-2020)
  • American Funds (800-421-0180) – If you will do your own investing and want no-load funds
  • Fidelity Investments (800-343-3548)
  • Vanguard (800-414-1321)

Health Insurance for Self-employed or Unemployed (in descending order of reader endorsement)

  • Ehealthinsurance (800-977-8860)
  • AETNA (800-MY-HEALTH)
  • Kaiser Permanente (866-352-0290)

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Chapter 14 – Mini-Retirements: Embracing the Mobile Lifestyle

  • CDC.gov – Find out the required and recommended immunizations and vaccinations for your destination

Brainstorming Mini-Retirement Locations

  • Virtual Tourist – The single largest source of unbiased, user-generated travel content in the world. More than 1,000,000 members contribute tips and warnings for more than 25,000 locations. Each location is covered in 13 separate categories, including Things to Do, Local Customs, Shopping, and Tourist Traps. This is one-stop shopping for most mini-retirements.
  • Escape Artist – Interested in second passports, starting your own country, Swiss banking, and all the other things I wouldn’t dare put in this book? This site is a fantastic resource. Drop me a note from the Caymans or jail, whichever comes first. Also search “How to Be Jason Bourne” at www.fourhourblog.com.
  • Outside Magazine Online Free Archives – The entire archive of Outside magazine available online for free. From meditation camps to worldwide adrenaline hotspots, dream jobs to Patagonia winter highlights, there are hundreds of articles with beautiful photos to give you the walkabout itch.
  • Lonely Planet: The Thorn Tree – Discussion forum for global travelers with threads separated by region.
  • Family Travel Forum – A comprehensive forum on, you guessed it, family travel. Want to sell your kids for top dollar in the Eastern Bloc? Or save a few dollars and cremate Grannie in Thailand? Then this isn’t the site. But if you have kids and are planning a big trip, this is the place.
  • U.S. Department of State Country Profiles and World Travel Watch – Larry Habegger and James O’Reilly’s weekly online report of global events and odd happenings relevant to travel safety, sorted by topic and geographic region. Concise and a must-see prior to finalizing plans.

Mini-Retirement Planning and Preparation— FUNDAMENTALS

  • Round-the-World FAQ (includes travel insurance) – This FAQ is a lifesaver. Originally written by Marc Brosius, it has been added to by newsgroup participants for years and now covers nuts and bolts from financial planning to return culture shock and all in between. How long can you afford to be away? Do you need travel insurance? Leave of absence or resignation? This is an around-the-world almanac.
  • Removing Clutter: 1-800-GOT-JUNK, Freecycle, and Craigslist – I used Craigslist’s “Free” category to get rid of four years of accumulated possessions in less than three hours on a Saturday evening. There were some for-sale items that I also cleared out at 30– 40% of original retail. I then hauled off the last remaining items using the überfast 1-800-GOT-JUNK paid service. Freecycle is comparable to Craigslist for giving away, and getting, things for free when you’re short on time. Get unattached and you’ll make it a habit. I purge every 6– 9 months, often including donations to Goodwill, which can do pickups for free with advanced notice.
  • One-Bag: The Art and Science of Packing Light – One of PC magazine’s “Top 100 Can’t Live Without Sites.” Pack light and experience lightness of being.
  • U.S. Centers for Disease Control and Prevention – Recommended vaccinations and health planning for every nation in the world. Certain countries require proof of inoculations to pass through customs. Get the shots well ahead of time, as some take weeks to order.
  • Tax Planning – More good news. Even if you permanently relocate to another country, you will have to pay U.S. taxes as long as you have a U.S. passport! Not to fret— there are some creative legal sidesteps, such as form 2555-EZ, which can provide up to an $95,100 income exemption if you spend at least 330 days of a consecutive 365 days off U.S. soil. This means you have 35 days in a given 12-month period to spend in the U.S. as you like, but no more. That’s part of the reason my 2004 trip extended to 15 months. Get a good accountant and let them do the detail work to keep yourself out of trouble.
  • U.S.-Sponsored Overseas Schools – If the idea of pulling your children out of school for a year or two isn’t appealing, stick them in one of more than 190 elementary and secondary schools sponsored by the U.S. Department of State in 135 countries. Kids love home work.
  • Homeschooling 101 and Quickstart Guide – This subsection of http:// homeschooling.about.com/ provides a step-by-step process for considering homeschooling options that can be applied to education during extended travel. Children can often return to traditional public or private schools ahead of their classmates.
  • Home Education Magazine – Rich collection of resources for homeschoolers, traveling families, and unschoolers. Links include curriculum, virtual support groups, legal resources, and archives. Good reasons to learn the law: Some U.S. states offer up to $ 1,600 of funding per year for qualified homeschooling expenditures, as it saves the state money to not educate your child in the public school system.
  • Universal Currency Converter – Before you get caught up in the excitement and forget that five British pounds does not equal five U.S. dollars, use this to translate local costs into numbers you understand. Try not to have too many “Those coins are each worth four dollars?” moments.
  • Universal Plug Adapter – Carrying bulky cables and connectors is irritating— get a Travel Smart all-in-one adapter with surge protection. The size of a pack of cards folded in half, it is the only adapter that I’ve used everywhere without problems. Note that it is an adapter (helps you plug things in), but it is not a transformer. If the foreign wall outlet has twice as much voltage as in the U.S., your gadgets will self-destruct. Yet another reason to purchase necessities abroad instead of taking them all with you.
  • World Electric Guide – Figure out outlets, voltage, mobile phones, international dialing codes, and all sorts of things related to electric mismatching worldwide.

Cheap and Round-the-World Airfare

  • Orbitz, Kayak, and Sidestep – Search 400 + airlines worldwide for each service. Orbitz is my starting point for pricing comparisons, after which I check both Kayak and Sidestep. Sidestep has proven most effective when searching for flights that start and end outside of the U.S.
  • TravelZoo Top 20 –
    Moscow for $129 one-way? These last-minute weekly travel specials might be the push you need to pull the trigger.
  • Priceline – Start bidding at 50% of the lowest Orbitz fare and move up in $ 50 increments.
  • CFares – Consolidator fares with free and low-cost memberships. I found a round-trip ticket from California to Japan for $ 500.
  • 1-800-FLY-EUROPE – I used this to get the $ 300 roundtrip from JFK to London that left two hours later.
  • Discount Airlines for Flights within Europe (RyanAir, EasyJet)

Free Worldwide Housing— SHORT TERM

  • Global Freeloaders – This online community brings people together to offer you free accommodation all over the world. Save money and make new friends while seeing the world from a local’s perspective.
  • The Couchsurfing Project – Similar to the above but tends to attract a younger, more party-hearty crowd.
  • Hospitality Club – Meet locals worldwide who can provide free tours or housing through this well-run network of more than 200,000 members in 200 + countries.

Free Worldwide Housing— LONG TERM

  • Home Exchange International – This is a home exchange listing and search service with more than 12,000 listings in more than 85 countries. E-mail directly owners of potential homes, put your own home/ apartment on the site, and have unlimited access to view listings for one year for a small membership fee.

Paid Housing— from Arrival to the Long Haul

  • AirBnB – the easiest, cleanest way to find a new apartment in almost any city of the world. See tons of options and choose your specific dates.
  • Otalo – Otalo is a search engine for vacation rentals that searches across the Internet’s many different vacation rentals sites and 200,000 + homes. Otalo is like a Kayak.com for vacation rentals. The site scours a variety of other rental search sites and aggregates the results in one easy-to-use search tool.
  • Hostels.com – This site isn’t just for youth hostels. I found a nice hotel in downtown Tokyo for $ 20 per night and have used this site for similar housing in eight countries. Think location and reviews (see HotelChatter next) instead of amenities. Four-star hotels are for binge travelers; this site can offer a real local flavor before you find an apartment or other longer-term housing.
  • HotelChatter – Get the real scoop on this daily web journal with detailed and honest reviews of housing worldwide. Updated several times daily, this site offers the stories of frustrated guests and those who have found hidden gems. Online booking is available.
  • Craigslist – Besides local weekly magazines with housing listings, such as Bild or Zitty (no joke) in Berlin, I have found Craigslist to be the single best starting point for long-term overseas furnished apartments. As of this writing, there are more than 50 countries represented. That said, prices will be 30– 70% less in the local magazines— if you have a tight budget, get a hostel employee or other local to help you make a few calls and strike a deal. Ask the local helper not to mention you’re a foreigner until pricing is agreed upon.
  • Interhome International – Based in Zurich, more than 20,000 homes for rent in Europe
  • Rentvillas.com – Provides unique renting experiences — from cottages and farmhouses to castles—throughout Europe, including France, Italy, Greece, Spain, and Portugal

Computer Remote Access and Backup Tools

  • GoToMyPC – This software facilitates quick and easy remote access to your computer’s files, programs, e-mail, and network. It can be used from any web browser or wireless device and works in real time. I have used GoToMyPC religiously for more than five years to access my U.S.-based computers from countries and islands worldwide. This gives me the freedom to leave all computers at home.
  • WebExPCNow – WebEx, the leader in corporate remote access, now offers software that does most of what GoToMyPC offers, including cut and paste between remote computers, local printing from remote computers, file transfers, and more.
  • DropBox and SugarSync, then JungleDisk and Mozy – Both DropBox and SugarSync perform backups and synching of files between multiple computers (home and travel computers, for example). JungleDisk and Mozy—I use the latter—have fewer features and are more specifically designed for automatic backups to their online storage.

Free and Low-Cost Internet (IP) Telephones

  • Skype – Skype is my default for all phone calls. It allows you to call landlines and mobile phones across the globe for an average of 2-5 cents per minute, or connect to other Skype users worldwide for free. You can also get a U.S. number with your home area code and receive calls that forward to a foreign cell phone.
  • Vonage and Ooma – Vonage offers a small adapter for a monthly fee that connects your broadband modem to a normal phone. Take it on your travels and set it up in your apartment to receive calls to a U.S. number. Ooma has no monthly fees and doesn’t require a landline, but it offers similar hardware you can connect to broadband for a local U.S. number anywhere in the world.
  • VoIPBuster and RebTel – Both VoIPBuster and RebTel can provide “alias” numbers. Enter a friend’s overseas number on their sites, and both will give you a local number in your area code that will forward to your friend. VoIPBuster also acts as a cheaper Skype with free calls to more than 20 countries.

International Multi-Band and GSM-Compatible Phones

  • Unlocked Apple iPhone or Samsung Galaxy S4 — If you’re willing to pay premium dollar for an unlocked version of these smart phones, you’ll be able to use them anywhere in the world.
  • My World Phone – I’m partial to Nokia phones. Ensure whichever phone you purchase is “unlocked”—that the SIM card can be swapped out in different countries with different providers.

Tools for Off-the-Beaten Path

  • Satellite Phones – If you will be in the mountains of Nepal or on a remote island and want the peace of mind (or headache) of having a phone nearby, these phones work via satellite instead of towers. Iridium has been recommended for widest reception (pole to pole), with GlobalStar in second place (three continents). Rent or purchase.
  • Pocket-size Solar Panels – Satellite phones and other small electronics are of little use (skipping stones, perhaps?) if their batteries die. Solio is about the size of two packs of cards and fans out into small solar panels. I was surprised to find that it charged my cell phone in less than 15 minutes—more than twice as fast as a wall outlet. Adapters are available for almost anything.

4 Hour Work Week Website

What to Do Once You Get There—Career Experiments and More

  • Meet Up – Search by city and activity to find people who share similar interests all over the world.
  • Become a Travel Writer – Get paid to travel the world and record your thoughts? This is a dream job for millions. Get the inside scoop on the travel publishing world from veteran Jen Leo, author of Sand in My Bra and Other Misadventures: Funny Women Write from the Road. This blog was a Frommer’s Budget Travel Top Choice and also features great practical articles about low-tech travel and going gadgetless.
  • Teach Engrish – Dave’s ESL Café is one of the oldest and most useful resources for teachers, would-be teachers, and learners of English. Features discussion boards and “teachers wanted” job postings worldwide.
  • Turn Your Brain into Play-Doh – Travel the world so you can instant message (IM) with your friends in the U.S. This site lists more than 150,000 hotspots where you can feed your information OCD. Be ashamed if this becomes your default activity. If you’re bored, just remember—it’s your fault. I’ve been there, so I’m not preaching. It happens to the best of us from time to time, but get more creative.
  • Test a New Career Part- or Full-Time: Working Overseas – This encyclopedia is an exhaustive menu of options for the globally minded, compiled and updated by Jean-Marc Hachey, former international careers editor of Transitions Abroad magazine.
  • World Wide Opportunities on Organic Farms – Learn and then teach sustainable organic farming techniques in dozens of countries, including Turkey, New Zealand, Norway, and French Polynesia.

Chat and E-mail in a Language You Don’t Know

  • Nice Translator and Free Translation – Translate text from English into a dozen languages and vice versa. Surprisingly accurate, though the lost-in-translation 10–20% can get you in trouble. Nice Translator is faster and can be used on the iPhone.

4 Hour Work Week Pdf Free

Find Language Exchange Partners and Materials

  • LiveMocha and EduFire
  • About.com – Some of the more popular languages have excellent tutorials on About.com: http://italian.about.com http://spanish.about.comhttp://german.about.comhttp://french.about.com

Chapter 15 – Filling the Void: Adding Life After Subtracting Work

  • The Art of Living Foundation (Course II)—International
  • Charity Navigator – This independent service ranks more than 5,000 charities using criteria you select. Create a personalized page of favorites and compare them side by side, all free of charge.
  • Firstgiving – Firstgiving.com allows you to create an online fund-raising page. Donations can be made through your personal URL. I have used Firstgiving in coordination with a nonprofit called Room to Read to build schools in both Nepal and Vietnam, with more countries pending: www.firstgiving.com/timferriss and www.firstgiving.com/timferriss2. If you specifically want to help animals, for example, you can click on a related link and access websites for hundreds of different animal charities, and then decide which one you want to donate to. The UK version of the website is http://www.justgiving.com.
  • Network for Good – Visitors to this website will find links to charities in need of donations as well as opportunities to do volunteer work. They can also set up an automated credit card donation online.

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Chapter 16 – The Top 13 New Rich Mistakes

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The Last Chapter: An Email You Need To Read

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Please check out Tribe of Mentors, my newest book, which shares short, tactical life advice from 100+ world-class performers. Many of the world's most famous entrepreneurs, athletes, investors, poker players, and artists are part of the book. The tips and strategies in Tribe of Mentors have already changed my life, and I hope the same for you. Click here for a sample chapterand full details. Roughly 90% of the guests have never appeared on my podcast.

Who was interviewed? Here's a very partial list: tech icons (founders of Facebook, Twitter, LinkedIn, Craigslist, Pinterest, Spotify, Salesforce, Dropbox, and more), Jimmy Fallon, Arianna Huffington, Brandon Stanton (Humans of New York), Lord Rabbi Jonathan Sacks, Ayaan Hirsi Ali, Ben Stiller, Maurice Ashley (first African-American Grandmaster of chess), Brené Brown (researcher and bestselling author), Rick Rubin (legendary music producer), Temple Grandin (animal behavior expert and autism activist), Franklin Leonard (The Black List), Dara Torres (12-time Olympic medalist in swimming), David Lynch (director), Kelly Slater (surfing legend), Bozoma Saint John (Beats/Apple/Uber), Lewis Cantley (famed cancer researcher), Maria Sharapova, Chris Anderson (curator of TED), Terry Crews, Greg Norman (golf icon), Vitalik Buterin (creator of Ethereum), and nearly 100 more. Check it all out by clicking here.

The 4-Hour Work Week teaches techniques to increase your time and financial freedom giving you more lifestyle options. By automating a passive income and liberating yourself from unproductive tasks you can live the lifestyle of the ‘new rich' – one defined by having, doing and being what you want. The author, Tim Ferriss, is an absolute genius and someone every entrepreneur or internet marketer should look up to.

DOWNLOAD THE 4-HOUR WORK WEEK BOOK SUMMARY PDF FOR FREE!

Contents

  • INTRODUCTION
  • BOOK SUMMARY
  • RESET AND ELIMINATE
  • ELIMINATION
  • REMAIN IGNORANT
  • AUTOMATE EVERYTHING
  • NOW, GO LIVE YOUR LIFE
  • CONCLUSION

INTRODUCTION

Who is this book for

This is the book I probably recommend the most to people, and it’s one I’ve personally read multiple times. This book is an absolute go-to for anyone interested in working for themselves and creating a sustainable work/life balance. The 4-Hour Work Week is about escaping the 9-5 trap, giving yourself the freedom to work anywhere and still be successful. It’s not about working longer hours, but about working less and still getting the same, if not better, results. Who doesn’t want that?

About the author

Tim Ferriss is an American Blogger, Author, Podcaster and all-around entrepreneur. His Podcast, The Tim Ferriss Show has been #1 on iTunes for years and he’s released 4 #1 NYT bestselling books. Tim Ferris comes across as incredibly relatable and down-to-earth, perhaps why his popularity has skyrocketed. With a diverse range of knowledge, Tim Ferriss isn’t all about business, he’s even brought out books such as The 4-Hour Body and The 4-Hour Chef diving into the world of health and fitness.

In this summary

This summary will cover some of the techniques that Tim Ferriss talks about in The 4-Hour Work Week that are designed to help you increase your time and financial freedom, giving you more lifestyle options. By automating a passive income and liberating yourself from unproductive tasks you can live the lifestyle of the ‘new rich' – one defined by having, doing and being what you want. This summary will start by covering some of Tim Ferriss’ key rules and things to avoid. Next, we’ll summarise how to ‘reset’ your lifestyle and eliminate the unnecessary. Then we’ll move on to talk about how you can automate your new lifestyle to free up even more time and finally with a brief discussion about what to do with your new lifestyle and how to fill your new-found free time!

BOOK SUMMARY

RULES & WHAT TO AVOID

Before we dive into what you need to do to increase both your time and financial freedom, Tim Ferriss summarises the process you’ll go through as a 4-step process, aka DEAL.

  1. D for Definition – essentially you need to define what you're going to do and understand the rules.
  2. E for Elimination – next you will ‘reset’ and eliminate the unnecessary
  3. A for Automation – next up is the time to automate everything possible, this may include outsourcing.
  4. L for Liberation – finally, the part where you get to go out and live it.

“Resolve now to test the concepts as an exercise in lateral thinking. If you try it, you’ll see just how deep the rabbit hole goes, and you won’t ever go back.”

Be cautious

”Money is multiplied in practical value depending on the number of W’s you control in your life: what you do, when you do it, where you do it, and with whom you do it.”

Tim calls this the “freedom multiplier. The reality is, that you have options, you have the ability to choose, and Tim emphasises that this is a real power within you. If you can follow Tim’s simple steps, you’ll be able to see what you ca achieve with minimum effort and cost. And the reality is, that Tim believes you can make a lot more money by doing a lot less than you currently are!

The rules

Tim outlines 10 rules that you need to consider and keep in mind;

  1. Retirement Is Worst-Case-Scenario Insurance. Planning for retirement should not be part of your plan, the idea is that your work should be so enjoyable and achievable that you can continue to work without retirement.
  2. Interest and Energy Are Cyclical. The best way to make your lifestyle maintainable is to have alternating periods of rest and work/activity. Plan “mini-retirements” throughout your life. When you are in a cycle of work you’ll work at your full potential, then allow yourself the rest required when you have a break.
  3. Less Is Not Laziness. People assume that by doing less you are lazy, society stereotypes those that work harder and longer hours as better. This is not true, you can work a lot less and still be as successful.
  4. The Timing is Never Right. It will never feel like the right time to do the significant things in your life. Quitting a job, having a baby, moving house? You can’t continue to put these things off until the ‘time is right’ – because that time may never come!
  5. Ask for Forgiveness, Not Permission. This one is key, you’ve got to learn from your own mistakes in order to grow. Don’t give other people the opportunity to say no or deny you an opportunity. Give it a go first, and if it doesn’t work, apologise.
  6. Emphasize Strengths, Don’t Fix Weaknesses. Strengths are more powerful and have more of an impact on your life than your weaknesses ever will. Don’t try and fix all the minor weaknesses you have, improve your strengths as this is where the results are. Improving a weakness may only ever bring mediocrity, whereas improving upon a strength can bring greatness.
  7. Things in Excess Become Their Opposite. There is such a thing as too much of a good thing. Remember this, as they become a burden eventually.
  8. Money Alone Is Not the Solution. As per the previous point, too much money can be a problem. The answer is not always money.
  9. Relative Income Is More Important Than Absolute Income. Relative income uses two variables: the dollar and time, usually hours.
  10. Distress Is Bad. Distress is only ever going to bring you down, make you weaker and less confident. Anyone who fires criticism at you or is abusive is only causing you distress. Find the people who are positive role models, who push you and help you grow.

FEAR

Ferriss explains that most people avoid the concept of fear and pretend it’s something else all together. They deny the fear and remain optimistic. Tim uses the example of someone who’s unhappy but avoids quitting their job, they will continue to deny their unhappiness and remain optimistic that their work will improve in time or their income will increase.

”Fear comes in many forms, and we usually don’t call it by its four-letter name. Fear itself is quite fear-inducing.”

Tim suggests you take the following steps to eliminate your fear of the unknown and allow yourself to take the leap;

  1. Face your nightmare and define what it is exactly. Consider what is the absolute worst thing that could happen. Define the ‘worst-case scenario.’
  2. Identify what you could do in order to fix or repair the ‘worst-case scenario.’
  3. Define what the benefits, either temporary or permanent that are likely outcomes of the scenario you are considering.
  4. Ask yourself, ‘if you were fired today, how would you manage your finances from here?”
  5. Identify the things that you are putting off or avoiding out of fear.
  6. By avoiding these things, is it costing you? Whether this be financial, emotional or physical?
  7. What are you waiting for?

RESET AND ELIMINATE

Tim uses the concept of ‘Dreamlining’ over simply goal-setting. It’s exactly what it sounds like, considering your dreams and planning to fulfill them. Tim explains that Dreamlining is different from goal-setting in 3 significant ways:

  1. The goals shift from ambiguous wants to defined steps.
  2. The goals have to be unrealistic to be effective.
  3. 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.

Tim’s guide to creating your Dreamline:

  1. What would you do if there were no way you could fail? If you were 10 times smarter than the rest of the world? Have two separate timelines, one short-term (e.g. 6 months) and one longer-term (12 months.) With these timelines, you need to add 5 things that you dream about, whether it be something you dream about having, being and doing.
  2. Drawing a blank? If this hasn’t given you some inspiration, consider what you would do if you have $100,000,000. How would this affect your dreams? And what is it that would make you excited to wake up in the morning?
  3. What does “being” entail doing? Convert each “being” into a “doing” to make it actionable. Identify an action that would characterize this state of being or a task that would mean you had achieved it.
  4. What are the four dreams that would change it all? Identify 4 key dreams and consider how they would change your life.
  5. Determine the cost of these dreams and calculate your Target Monthly Income (TMI) for both timelines. Now we put this into action, consider your income, expenses and months cash flow. Come up with your TMI (Target Monthly Income) that is required to realise your dreams. And then when you have your monthly figure, divide this by 30, this is now your TDI (Target Daily Income.)
  6. 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.

ELIMINATION

“One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity.” – Bruce Lee

Effectiveness and Efficiency

Tim explains the differences between being effective and being efficient. 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. It’s key to understand that doing something unimportant, but very well, does not by default make it important. And similarly, spending a lot of time on a certain task does not make it important either.

Two Laws to consider

Tim uses Pareto’s Law to explain;

80% of the outputs result from 20% of the inputs, 80% of the consequences flow from 20% of the causes, 80% of the results come from 20% of the effort and time, 80% of company profits come from 20% of the products and customers, 80% of all stock market gains are realized by 20% of the investors and 20% of an individual portfolio.

Another Law that Tim discusses is Parkinson’s Law.

Parkinson’s Law dictates that a task will swell in (perceived) importance and complexity in relation to the time allotted for its completion. 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. If I give you a week to complete the same task, it’s six days of making a mountain out of a molehill.”

Tim explains that from this, you can approach increasing productivity in one of two ways, and interestingly, these approaches are technically opposites;

  1. Limit tasks to the important to shorten work time (80/20).
  2. Shorten work time to limit tasks to the important (Parkinson’s Law).

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. Schedule these tasks with clear deadlines and don’t dedicate a lot of time to them.

Tim’s keys to having more time is really just doing less

Ask yourself the following questions;
1. If you had a heart attack and had to work two hours per day, what would you do?
2. What if you had a second heart attack and had to work two hours per week, what would you do?
3. If you had a gun to your head and had to stop doing 4/5 of different time-consuming activities, what would you remove?
4. What are the top-three activities that I use to fill time to feel as though I’ve been productive?
5. Who are the 20% of people who produce 80% of your enjoyment and propel you forward, and which 20% cause 80% of your depression, anger, and second-guessing?
6. If this is the only thing I accomplish today, will I be satisfied with my day?
7. Are you inventing things to do to avoid the important?

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REMAIN IGNORANT

We’ve all heard the phrase ‘ignorance is bliss’ before, and Tim firmly believes that not only is ignorance blissful, but it can also be practical.

”It is imperative that you learn to ignore or redirect all information and interruptions that are irrelevant, unimportant, or unactionable. Most are all three.”

Interruptions

Tim identifies three ‘interruptions’ that often get in the way of the start-to-finish completion of any given task.

Time Wasters

Time wasters include meetings, phone calls, internet surfing, emails, and discussions. 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 12:00 noon, and again at 4:00 P.M. This timing will ensure you have the most responses from previously sent e-mail.
  • Screen any phone-calls you receive. You don’t have to answer them all. 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. to the following order of communication; email first, then phone and finally in-person.
  • 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. Ensure that you only discuss a pre-arranged topic and you don’t get side-tracked.

Time consumers

Time consumers are the second of Tim’s common interruptions. 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. Stats suggest that 28% of your 9-5 working day is consumed by these interruptions.

  • The best approach to combatting these time-wasters is to wait until you have a large quantity of the task to do. E.g. wait until you have plenty of emails to read and reply to or multiple phone calls to make. 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. It’s commonly associated with micro-management which can be extremely time consuming.
  • 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.
  • As an entrepreneur, for everything to run as smoothly as possible you should provide your employees/contractors as much information as necessary and allow them the opportunity to make decisions without first asking permission.
  • 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.

”Set the rules in your favor: Limit access to your time, force people to define their requests before spending time with them, and batch routine menial tasks to prevent postponement of more important projects. Do not let people interrupt you. Find your focus and you’ll find your lifestyle.”

AUTOMATE EVERYTHING

Tim recommends getting a remote personal assistant when the time is right. 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. It helps to set you up as a leader, it’s time you learned to be the boss.

Deciding when to hire a remote personal assistant should be an easy one, it’s not time-consuming and it’s low-cost and low-risk. Even if you don’t think you necessarily need one yet, get one. It’s an opportunity for you to explore this way of working

But what about the cost?

Tim identifies a question that most people ask themselves; “If I can do it better than an assistant, why should I pay them at all?”

Tim explains that it's not about the money but freeing up your time, allowing yourself the freedom to be creative and innovate rather than being caught up in mundane daily tasks.

It’s important to learn how to delegate well, to use it as a tool to reduce work rather than create more. Before you begin to delegate, it’s time to eliminate.

Tim explains that you shouldn’t ever automate something that could actually be eliminated altogether. And don’t delegate if the task can be automated. It’s not about wasting other people’s time. Their time is just as valuable as yours.

Golden Rule #1: Each delegated task must be both time-consuming and well-defined.
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.”

Where to begin?

  1. Hire an assistant – regardless of whether or not you need one right now.
  2. 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?
  3. Identify your top five time-consuming non-work tasks and five personal tasks you could assign for sheer fun.
  4. It’s key to synchronise your work with your VA, share calendars and schedules so you both know whats going on.

AUTOPILOT

Tim moves on to discuss the next stage, you need a product to sell. Something that's either downloadable or shippable in order to help you eliminate the limitations of a per-hour-based model.

The first thing Tim suggests you do is; Pick an Affordably Reachable Niche Market

  • It’s much easier to tap into a current market, creating demand from scratch is hard. Don’t start with a product, then look for a customer. First, find the market, understand who the customer is, and create a product for them.
  • Identify what you already know, look at what social/professional/industry groups you belong to or have access to. You don’t have to learn something new.
  • Identify which of the groups you have access to have their own magazines/blogs.

Tim’s next step is to; Brainstorm (Do Not Invest In) Products

  • The Main Benefit Should Be Encapsulated in One Sentence.
  • It Should Cost the Customer $50–200.
  • Aim for an 8–10x markup, which means a $100 product can’t cost more than $10–12.50.
  • It Should Take No More Than 3 to 4 Weeks to Manufacture.
  • It Should Be Fully Explainable in a Good Online FAQ.
  • 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.

TESTING

”To get an accurate indicator of commercial viability, don’t ask people if they would buy—ask them to buy.”

Tim’s third step is to Micro-Test Your Products

  1. Best: Identify what the competition is, it’s your job to create a more compelling offer than whats currently out there. All you need is a simple website, just 1-3 pages, which correlates to 1-3 hours work. Things to consider to make your offer better than the competition are; more credibility indicators? Testimonials? A better guarantee? Better selection? Free/faster shipping?
  2. Test: Test the offer using short Google Adwords advertising campaigns (three hours to set up and five days of passive observation).
  3. Divest or Invest: Identify the losers and cut them out, manufacture the winner and get ready for sales.
”To get an indicator of commercial viability, don’t ask people if they would buy—ask them to buy.”Click To Tweet

ABSENT MANAGEMENT

One of the key steps in Tim’s process is that once you have a product (physical or online) you need to design your business in a way that it has the ability to essential run itself.

This diagram should be your rough blueprint for designing a self-sustaining virtual architecture:

”1. Contract outsourcing companies that specialize in one function vs. freelancers whenever possible so that if someone is fired, quits, or doesn’t perform, you can replace them without interrupting your business. Hire trained groups of people who can provide detailed reporting and replace one another as needed.
2. Ensure that all outsourcers are willing to communicate among themselves to solve problems, and give them written permission to make most inexpensive decisions without consulting you first (I started at less than $100 and moved to $400 after two months).”

NOW, GO LIVE YOUR LIFE

Escaping the office

Follow Tim’s 5 steps to gravitate towards full-time remote work:

  1. Increase Investment. Get the company to invest in some training for you so the cost of losing you is greater.
  2. Prove Increased Output Offsite. Call in sick, work from home and make it a super productive day.
  3. Prepare the Quantifiable Business Benefit. Prepare your results so you can show the quantifiable benefit you gained from working at home.
  4. Propose a Revocable Trial Period. Start with one day a week.
  5. Expand Remote Time. Gradually work up to multiple days at home per week. Then eventually, full-time remote work.

Quitting

”I have quit three jobs and been fired from most of the rest. Getting fired, despite sometimes coming as a surprise and leaving you scrambling to recover, is often a godsend: Someone else makes the decision for you, and it’s impossible to sit in the wrong job for the rest of your life.”

Tim emphasises that quitting or being fired isn’t the end of the world. There are common phobia’s and he does his best to rebut them;

  1. It’s not permanent. Quitting a job doesn’t mean you’ll never have another job again. It’s temporary.
  2. You will still be able to pay your bills. The objective of Tim’s process is that you will have some cash-flow prior to quitting your current job. You may need to eliminate some spending that is unnecessary in the short-term, but, if you’ve done it right, your bills will still be paid.
  3. Your resume isn’t ruined forever. It’s actually a point of difference on your resume and you may get more interviews simply because you stand out from the crowd.

Mini-Retirements

Tim tries to break the common assumption that you need to wait until the end of your career to embrace retirement. He suggests that rather than saving it all up for the end, you take mini-retirements throughout your life. Tim recommends that you relocate your life somewhere new for anywhere from 1 month to 6 months before you return to your home. The idea is that it’s not a holiday or an escape from your life, but just the continuation of your life in a new environment, an opportunity to assess your current lifestyle, eliminate the unnecessary. Keep it slow and relaxing, allowing yourself time to reflect and plan.

”True freedom is much more than having enough income and time to do what you want.”

Tim explains that more often than not, people can be financially free and have the freedom of time, but still find themselves caught up in the highly-stressful and money-obsessed culture of materialistic businesses.

”True freedom is much more than having enough income and time to do what you want.”Click To Tweet

How to get ready for a mini-retirement

  1. Consider your assets and cash-flow.
  2. Identify your dream mini-retirement location.
  3. Choose a realistic location for your mini-retirement.
  4. Prepare for your trip. Here’s the countdown:
    1. Three months out – eliminate the unnecessary
    2. Two months out – automate billing with credit cards.
    3. One month out – redirect mail to a friend, test gotoPC.
    4. Two weeks out – scan and store digital documents of key info e.g. Credit cards, ID and insurance documents. Downgrade phone plans.
    5. One week out – decide on work schedule while you're away. Put other belongings into storage.
    6. Two days out – store car, add thing to tank to store fuel, disconnect battery leads.
    7. When you arrive – make booking to view apartments (one month only), go on bus/bike tours of the city.

Adding Life After Subtracting Work

But This Is What I Always Wanted! How Can I Be Bored?!

Tim explains that it’s fairly normal to find it hard to adjust to your newfound freedom. Even though it’s what you’ve always dreamed of, you may find yourself bored and not sure what to do next. If your someone who loves chasing goals and reaching new highs constantly, it’s going to be a hard adjustment. Tim uses the handy example of caffeine;

”Learning to replace the perception of time famine with appreciation of time abundance is like going from triple espressos to decaf.”

It’s pretty common, Tim explains, to find yourself asking the big questions, questions about the meaning of life, what your purpose is and what’s the point? In order to combat the stresses this may bring, remember the following;

”If you can’t define it or act upon it, forget it. If you take just this point from this book, it will put you in the top 1% of performers in the world and keep most philosophical distress out of your life.”

Something Tim suggests you do when traveling and on your mini-retirements is to learn something new. Decide to dedicate some time to a specific skill or activity, something you’ve always wanted to do but never had the time. Whether it be learning a new language or learning how to skateboard.

”To live is to learn. I see no other option.”Click To Tweet

Tim’s Top 13 New Rich Mistakes

  1. Losing sight of dreams and falling into work for work’s sake (W4W).
  2. Micromanaging and e-mailing to fill time.
  3. Handling problems your outsourcers or co-workers can handle.
  4. Helping outsourcers or co-workers with the same problem more than once, or with noncrisis problems.
  5. Chasing customers, particularly unqualified or international prospects, when you have sufficient cash flow to finance your nonfinancial pursuits.
  6. Answering e-mail that will not result in a sale or that can be answered by a FAQ or auto-responder.
  7. Working where you live, sleep, or should relax.
  8. Not performing a thorough 80/20 analysis every two to four weeks for your business and personal life.
  9. Striving for endless perfection rather than great or simply good enough, whether in your personal or professional life.
  10. Blowing minutiae and small problems out of proportion as an excuse to work.
  11. Making non-time-sensitive issues urgent in order to justify work.
  12. Viewing one product, job, or project as the end-all and be-all of your existence.
  13. Ignoring the social rewards of life.

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CONCLUSION

Key Takeaways

  • You need to be effective & efficient. Doing more and spending more time on tasks does not make them important.
  • Avoid the ‘interruptions’: time wasters, time consumers and empowerment failures.
  • Automation and delegation are key. Get a Virtual Assistant, even if you don’t think you need one yet.
  • When getting ready to create a product, find the market and the customer first, then create a product for the defined audience. Don’t come up with the product first.
  • Take mini-retirements throughout your life instead of saving it all up until the end.

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Further Reading

Also by Tim Ferriss is Tools of Titans, Tools of Titans is a fantastic read and there really is something for everyone in this book. Broken up into three sections; healthy, wealthy and wise, author Tim Ferriss deconstructs the habits, routines and daily rituals of the world’s top performers.

Following Tim Ferriss life/work balance and the concept that you can work from anywhere, Remote: Office Not Required by Jason Fried and David Heinemeier Hansson is another excellent read and contribution to the new era of working. Remote: Office Not Required is an examination of the emerging trend of remote working. They discuss the benefits of working remotely for both the employer and employee while examining common excuses. Remote offers plenty of advice on how to get your company started on having remote employees and also advice on how to manage your work if you are a remote employee. A great all-around guide to the new way to work!

Guidelines is my eBook that summarises the main lessons from 33 of the best-selling self-help books in one place. It is the ultimate book summary; Available as a 80-page ebook and 115-minute audio book. Guidelines lists 31 rules (or guidelines) that you should follow to improve your productivity, become a better leader, do better in business, improve your health, succeed in life and become a happier person.

Another great book for budding entrepreneurs and anyone looking to start a business is The Lean Startup by Eric Ries. The Lean Startup defines a scientific methodology for running startups and launching new products. This new approach has been adopted around the world within startups and established organisations. Regardless of your role or company size, this is a must-read for entrepreneurs, marketers, developers and business leaders.

Action Steps

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    • Create your own dreamline.
    • Identify how much of your current routine/job you can automate, delegate or eliminate. Streamline as much as possible to free up some time.
    • Plan a mini-retirement, establish what you need to do to make it happen and book it in.
    • Check out Tim Ferriss’ blog for heaps of valuable advice and information
    • Download the full book on Amazon

This summary is not intended as a replacement for the original book and all quotes are credited to the above-mentioned author and publisher