Tag: millionaire lifestyle
Discover How to Work Only 4 Hours Per Week while Living Like a King!
by admin on Oct.18, 2009, under General
Serial Entrepreneur & Ultravagabond
Timothy Ferriss, author of the 4 Hour Work Week, is a self-described “serial entrepreneur and ultravagabond” who lives a lifestyle that most of us could only dream about — until now.
Ferriss presents a step-by-step guide to his free-wheeling lifestyle, allowing us to follow in his footsteps and realize lifelong dreams. Some people consider him to be heroic, like an “Indiana Jones for the digital age”.
This challenging book has been a #1 Wall Street Journal Best Seller, a #1 NY Times Best Seller, and a #1 BusinessWeek Bestseller.
Replace Obsolete Assumptions
His basic premise is that we need to replace many, if not most, of our current assumptions and apply what he calls the “Rules of the New Rich”.
Outdated assumptions limit us and prevent us from enjoying life now. In particular, we need to replace assumptions that waste our time and force us to live in a particular location. We’d like to be able to manage our businesses from anywhere, anytime.
We need to value our time and our mobility as we learn to join the ranks of the New Rich (NR).
Rules of the New Rich
According to Ferris, the “Rules of the New Rich” include the following:
- Retirement is Worst-Case Scenario Insurance
- Interest and Energy are Cyclical
- Less is Not Laziness
- The Timing Is Never Right
- Ask for Forgiveness, Not Permission
- Emphasize Strengths, Don’t Fix Weaknesses
- Things in Excess Become the Opposite
- Money Alone is Not the Solution
- Relative Income is More Important than Absolute Income
- Distress is Bad, Eustress is Good
The 4HWW Model
His model provides us with a roadmap for realizing our own lifelong dreams. He shows us how to:
- Live like a millionaire
- Free time and automate income
- Outsource our lives to overseas virtual assistants for $5/hour
- Travel the world without quitting our jobs
- Eliminate 50% of our work in 48 hours
- Trade a long-haul career for short work bursts and mini-retirements
He uses the DEAL acronym to describe his model, where:
- D = Definition
- E = Elimination
- A = Automation
- L = Liberation
He encourages us to use “Dreamlining” to design our own luxurious lifestyles. Elimination, simplification, and outsourcing to virtual assistants are the building blocks to a luxurious lifestyle among the New Rich (NR).
This is an art and a science we will refer to as Lifestyle Design (LD). Automation is another key component of the Lifestyle Design (LD) process, i.e., building systems and processes that eliminate ourselves as bottlenecks. Don’t automate anything that should be eliminated, and don’t delegate anything that should be automated or simplified.
Carpe Diem!
Use these guidelines to recognize opportunities and sieze them – Carpe Diem. Having options; i.e., our choice is our real power.
Personally, I love the idea of creating a 4-Hour Workweek for myself.
Our courage and self-confidence, we can realize our dreams quicker and easier than we ever expected. I plan to implement many of his ideas into my own life.
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