Posts tagged ‘Timothy Ferris’

Book Review: “The 4-Hour Workweek: Expanded & Updated” by Timothy Ferriss

January 4th, 2010

We originally reviewed “The 4-Hour Work Week” here. As we said, the three chapters on “Income Autopilot” are probably among the best, concise step by step guides to building a successful, profitable, automated internet store. But this book is more than that — it’s how to reboot your life. Reading this book is like taking the red pill and discovering you have been living in The Matrix. It’s about escaping the rat race, yes, but — to use another movie metaphor — “You’re no longer part of the System. You’re above the System. Over it. Beyond it…. We are” the New Rich (NR), as Ferriss calls it. The author says: “How is it possible that all the people in the world need exactly eight hours to accomplish their work? It isn’t. Nine to five is arbitrary.” This and other “rules” are just so much software that has been plugged into our brains. Ferris teaches you DEAL (or DELA if you are currently employed), which stands for Definition, Elimination, Automation, and Liberation. The new expanded edition has over 100 pages of new content, including updated resources and more real word examples and suggestions from members of the NR.  It’s about how to use technology more effectively, but it’s also about making more effective decisions — i.e., applying the 80/20 rule to everything, ruthlessly. Topics include outsourcing, mini-retirements (rather than waiting until you’re older) and the concept of geoarbitrage. We recommend you take this red pill. Here’s the link to Amazon:  The 4-Hour Workweek, Expanded and Updated: With Over 100 New Pages of Cutting-Edge Content.

(Reviewed by Rich Dog Millionaire.com)

Technorati Tags: , , , , , , , , , ,

Get Paid in Dollars, Pay in Rupees, Live on Pesos

March 21st, 2009

You may have heard this before — it’s the mantra of the “new rich,” the advantage of a truly global economy/life. Tim Ferris is an expert on it and discusses it in his book, which we reviewed. What this means is that most people live on the same currency, a sort of “one-dimensional” existence, so to speak: you make X US dollars a month, you live in a place that charges you X US dollars a month, and you pay your employees/contractors/etc X US dollars a month. But let’s say you still made X US dollars every month but instead of living in a medicore apartment for $1,000-$2,000/month, you lived in a beachfront house  in Mexico or somewhere in South America for less than half of what you pay for your current pad. Further, let’s say you outsource labor, using a personal assistant in India, like Ferris explains. Suddenly those US dollars you make are worth a lot more. It’s like you’ve tripled or quadruped your income. Instead of waiting until you’re old to retire and travel the world; you can do it now, as a life. You just have to figure out how to make those US dollars keep flowing in (and that’s basically what this site is about)… BTW when we say dollars, rupees , and pesos — they are just examples to illustrate the point. (When we were writing this post, our friend insisted we say Euros instead of dollars.) And who knows, maybe dollars will eventually be the new peso, the way things have been going.

(Original content by www.richdogmillionaire.com)

Technorati Tags: , , , , , , , , , , , , ,

Book Review: “The 4-Hour Work Week” by Timothy Ferris

March 7th, 2009

If you have not read this book yet, we HIGHLY recommend it. We picked it up at an airport, not expecting much, considering the crazy headline — how the hell can anybody get through life working just four hours a week! Well, turns out it’s not that crazy. In fact, everbody else might be crazy. “4-Hour” author Timothy Ferris says “How is it possible that all the people in the world need exactly eight hours to accomplish their work. It isn’t. Nine to five is arbitrary.” In 2001, Ferris started a dietary supplement company. In 2002-2003, he was making $40,000 a month. He is a master of automation and outsourcing. Ferris aims to spend one month overseas for every two months of work projects. Here’s a quote that stuck hard: “Most people aren’t lucky enough to get fired and die a slow spiritual death over 30-40 years of tolerating the mediocre.” There’s a LOT in this book: how to eliminate a lot of unproductive and painful crap in your life; how to “liberate” your life and create “mini-retirements.” But the section on “Automation” is an ABSOLUTE MUST-READ — worth the price of the book times a thousand: after reading the three chapters on “Income Autopilot,” your brain will be reset after a lifetime of assumptions about how we supposedly have to work and live. You will never see things quite the same way again. Plus he gives you valuable, specific how-to information. You will indeed see the power of the internet and how it’s not your grandfather’s world anymore. Get it here at Amazon: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

Technorati Tags: , , , , , ,