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The 4-hour Workweek

The 4-hour Workweek

by Timothy Ferriss

Managing Your Time And Life

Sometimes it's good to take a step back and think about whether you are truly productive or not. Many people get trapped in the cycle of "work for work's sake" - or W4W, when they work automatically on tasks that are not important, but they are not fully aware of that.

The book describes th...

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DEAL Making

The way of improving your life is paved with 4 key steps:

  1. Definition - defining seemingly common-sense notions
  2. Elimination - killing the need for time management
  3. Automation - automating your income
  4. Liber...

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Defining Good Living Concepts

  • Don't delay your happiness for early retirement, rather have many and frequent time-offs, it's the right way to live
  • Strive not for happiness, but for excitement!
  • When taking a risk, think about the worst-case scenario and how to still make the best of it. You will b...

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Fundamental Rules of Work Life

  1. Retirement is worst-case-scenario insurance
  2. Interest and energy are cyclical (why frequent time-offs are important)
  3. Less is not laziness
  4. The timing is never right
  5. Ask for forgiveness, not permission
  6. Emphasize strengths, not weaknesses
  7. Things in...

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What is "Dreamlining"?

Dreamlining is the process of brainstorming, visualizing, and planning out your dreams. We all should do it sometimes to keep ourselves in check and make sure we are on the right path to leading a good and satisfying life.

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Dreamlining Checklist

  1. What would you do if there was no way you could fail? Name 5 things you dream of having, being, and doing
  2. Drawing a blank? What would you do if you had $100 million in the bank? What would make you most excited to wake up in the morning?
  3. What does "...

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How to Eliminate Unnecessary Tasks

Effectiveness is doing the things that get you closer to your goals. Efficiency is performing a given task (whether important or not) in the most economical manner possible. You should focus on effectiveness, rather than efficiency.

You need to constantly a...

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Pareto's Rule and Parkinson's Law

Pareto's Rule: 80% of the outputs result from 20% of the inputs.

  • Which 20% of sources are causing 80% of my problems and unhappiness
  • Which 20% of sources are resulting in 80% of my desired outcomes and happiness?

Parkinson’s Law: a...

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Tips and Tricks for Productivity Pt. 1

  • When compiling your to-do list for tomorrow, for each task ask yourself: "If this is the only thing I accomplish today, would I be satisfied with my work?". If the answer is "no", it probably is not an important task
  • Do not multitask!
  • Practice selective ignorance - t...

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Tips and Tricks for Productivity Pt. 2

These tips relate to your behavior when dealing with people in a professional setting. There is a life outside work!

  • Be difficult and assertive when it matters
  • Let unimportant things accumulate and complete them in batches
  • When faced with a meeting that you fear will be...

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How to Automate Your Life

  • Get a remote personal or virtual assistant who will do everything that consumes a lot of time and you hate doing - including reading and replying to emails
  • Never automate something that can be eliminated, and never delegate something that can be automated or streamlined

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As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble.

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Quick Guide to Creating a Business

A business should be designed to generate steady passive income with as little headache as possible.

  1. Pick an affordably reachable niche market
  2. Brainstorm products
    1. One-sentence slogan
    2. Price between $50-$200 - creates a high-end image, customers will be less l...

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How to Liberate Yourself

The step of liberation refers to the freedom of traveling and working from any place in the world you want.

By this point, the elimination step will make your travels to different places less noticeable and the automation step will leave mo...

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Primal Fears of Liberation

Most people are reluctant to the nomad lifestyle and these are the top reasons they cite:

  • Quitting is permanent
  • I won't be able to pay the bills
  • Health insurance and retirement accounts disappear if I quit
  • It will ruin my resume

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Why Fear of Liberation Is Wrong

None of the previous concerns are valid if you think them through:

  • You will find a new job as you found your last one if needed
  • Add up costs necessary to live a few months in a foreign place and you will probably see that it is not too far from your regular expenses
  • Dep...

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And What Now?

  • You will have doubts about leaving the 9-to-5 life or working too little: "What am I doing with my time now? Am I wasting it?"
  • Realize that the amount of money you make does not make you more successful and some of your peers will earn more with a 9-to-5
  • You need to find your...

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Final Mistakes You Should Avoid Pt. 1

  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 problem...

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Final Mistakes You Should Avoid Pt. 2

  1. Working where you live, sleep, or should relax
  2. Not performing a thorough 80/20 analysis every two to four weeks for your business and personal life
  3. Striving for endless perfection rather than great or simply good enough, whether in your personal or professional life
  4. B...

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Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose

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