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Reading Inspiration – The Four Hour Work Week

April 30, 2012 No Comments by admin

I am always reading something… I have learned that to be a recipe for success. Around the start of the year I read the book “The Four Hour Work Week”, By Tim Ferris (click here to view). What Tim outlines in this book has totally changed my life in many ways. Everyone thinks from the title that it’s focus is to teach you how to only work 4 hours a week, the title can be misleading. That is definitely not what he is trying to portray, but simply causing your life to be focused and successful.

4- Hour Work Week

In the book Ferriss uses the acronym DEAL for the four main chapters. It stands for: Definition, Elimination, Automation, and Liberation.

Definition means to figure out what a person wants, get over fears, see past society’s “expectations,” and figure out what it will really cost to get where a person wants to go.

Elimination is about time management, or rather about not managing time. This is achieved by applying the 80/20 rule (80% of your benefits come from 20% of your efforts) to focus only on those tasks that contribute the majority of benefit, and using Parkinson’s Law (work expands so as to fill the time available for its completion) to limit the amount of actual time spent working. There’s a difference, Ferriss says, between efficiency and effectiveness. The book’s emphasis is on effectiveness.

Automation is about building a sustainable, automatic source of income. This includes techniques such as drop-shipping, automation, Google Adwords and Adsense, and outsourcing.

Liberation is dedicated to the successful automation of one’s lifestyle and the liberation from a geographical location and job. Incidentally, Ferriss notes that if somebody has a regular job, the order of steps will be DELA, not DEAL.

The book asserts that technology such as email, instant messaging, and Internet-enabled PDAs complicate life rather than simplify it. It advocates hiring virtual assistants from developing countries such as India and Philippines to free up personal time.

 

 

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