The 4 Hour Work Week
Escape 9-5, Live Anywhere and Join the New Rich
By Julie Stone
About the Author: Timothy Ferris is a self-described serial entrepreneur and ultravagabond. He’s been featured in the New York Times, National Geographic Traveler, Maxim and NPR. A Princeton grad, he runs a multi-national firm from wireless locations worldwide.
Synopsis: The goal is to be able to leave a full time job, build revenue that is not dependant on your continual presence and have freedom with your time to live your dreams. The keys to attaining this are 1) Effective time boundaries, 2) Outsourcing to companies and virtual assistance, 3) Find a niche market that you enjoy and product that meets a need in that market.
New Rich Mind Set
The new rich are not motivated by work hard for many years so you can retire and relax in your old age with nice things. The new rich are less interested in material things and more interested in excitement, experiences, freedom and quality of life now. New Rich don’t have jobs and they are not entrepreneurs working 12 hours a day running a business – THEY HAVE REVENUE and FREEDOM.
Dream Line Instead of Goals
Write down your dreams and create a timeline to achieving them.
Face your fears. Define your nightmare, the absolute worst that could happen if you did what you are considering. Would there be permanent impact? How likely do you think it would actually happen? What is it costing you – financially, emotionally and physically to postpone action? Then, what are the outcomes or benefits both temporary and permanent of more probable scenarios?
What would you do if there were no way you could fail? Create 2 timelines – 6 & 12 months – and list up to 5 things you dream of having. Pick the 4 dreams that would change it all. Determine the cost of these dreams and calculate your Target Monthly...