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A business should be designed to generate steady passive income with as little headache as possible.
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 the journey and advice of Tim Ferriss, on wasting only 4 hours of your week on things that you are not passionate about.
These tips relate to your behavior when dealing with people in a professional setting. There is a life outside work!
Pareto's Rule: 80% of the outputs result from 20% of the inputs.
Parkinson’s Law: a task will swell in (perceived) importance and complexity in relation to the time allotted for its completion.
You should use both Pareto's rule and Parkinson's law synergistically. Keep the tasks that achieve the most results and finish them in a shorter amount of time.
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 most other things in the hands of your assistant.
If you work a 9-to-5 job, you need to prove to your boss that you are more productive in a remote setting. Start with small compromises and escalate to full-time remote in the end.
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 ask yourself: "Am I being productive or just active?"
A good approach to elimination will kill the need for time management. You won't deal with tasks that waste time.
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.
The way of improving your life is paved with 4 key steps:
Let's take them in order!
Most people are reluctant to the nomad lifestyle and these are the top reasons they cite:
None of the previous concerns are valid if you think them through:
Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose
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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