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Summary of Timothy Ferriss' book: The 4-Hour Workweek: More time, more money, more life: Summary

Summary of Timothy Ferriss' book: The 4-Hour Workweek: More time, more money, more life: Summary

Автор 15 Minutes Read

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Summary of Timothy Ferriss' book: The 4-Hour Workweek: More time, more money, more life: Summary

Автор 15 Minutes Read

оценки:
5/5 (2 оценки)
Длина:
39 страниц
27 минут
Издатель:
Издано:
4 февр. 2022 г.
ISBN:
9798201686789
Формат:
Книга

Описание

Do in life what you really care about!


Do not postpone your dream lifestyle until retirement: The light doesn't have to be at the end of the tunnel, but can shine constantly and regularly!

Wouldn't it make more sense to opt for an ongoing mini-retirement instead of the usual multi-year retirement in old age? Rather than saving it all up for the end, couldn't one rather spread several small "retirements" over one's entire career?

For Timothy Ferriss, it's a misconception that you can only afford to live luxuriously if you work overtime and slave away for life until you retire. Applying the rules he presents not only allows you to work less than four hours a week, but at the same time earn more in a month than other people earn in an entire year.


This summary concentrates the key messages, main ideas, points of view and arguments from the book "The 4-Hour Week" by Timothy Ferriss. It shows what steps are necessary to follow the path of the "New Rich", to create an automatic income and to enjoy the here and now, instead of a lifetime of frustrated white-collar existence. Here you will find the principles of the "New Rich" living their own signature lifestyle in a luxurious million dollar lifestyle, even without millions in their bank account.

 

This is not a get-rich-quick concept. It describes how to delegate unpleasant things in life, make oneself independent of working hours, and become mobile and flexible in order to consciously go in search of one's true calling.

Издатель:
Издано:
4 февр. 2022 г.
ISBN:
9798201686789
Формат:
Книга

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Summary of Timothy Ferriss' book - 15 Minutes Read

OVERVIEW

In his book The 4 -Hour Week, author and entrepreneur Timothy Ferriss describes how he managed to reduce his working hours from 14 hours a day to a 4-hour week, escaping the productivity trap and using the time he gained wisely. In addition, he details how to generate an automated passive income through outsourcing to enjoy the here and now instead of living the life of a frustrated employee.

Ferriss contradicts the misconception that you can only afford a luxurious life if you work overtime at your job and slave away for life until you retire. Applying the rules he presents allows not only to work less than four hours a week, but at the same time to earn more in a month than other people earn in a whole year. At first, this may sound too good to be true. But in the course of his book, Ferriss backs up his statement with many practical tips and examples.

In doing so, he recounts not only his own career, but also that of an ever-growing group living by these principles, whom he calls the 'new rich' (NR). He thus describes an entire subculture of people in this world who want more out of life than working their daily eight-hour job that doesn't inspire them and where they put off the life they want and their dreams to an uncertain future. For the new rich, money is just a means to an end, to make their free time as interesting as possible and to fulfill their desires.

Unlike the old rich, who are locally bound by their estates and businesses, the 'new rich' are characterized not only by their financial freedom, but also by the ability to go wherever and whenever they want.

The new rich live their own distinctive lifestyle, enjoying a luxurious million-dollar lifestyle in the here and now, even without millions in their bank accounts.

What it takes to live a life of luxury are the following 3 components:

These are the three things that make it possible to live a life, do what you want, whenever you want. However, all three factors are not achievable as long as one considers the 40-hour work week as the standard and is entrenched in it.

WHAT IS THE BOOK THE 4-HOUR WEEK ABOUT?

This self-management guidebook is written from the first-person perspective of author Timothy Ferriss. Ferriss describes his personal experiences and outlines a strategy for

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  • (5/5)
    I have learned a lot of new stuff within 2 days, Thank you Ferris