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The 4 hour work week Tim Ferris (AUTOMATION Ingredient: Income…
The 4 hour work week
Tim Ferris
AUTOMATION
Ingredient: Income
Outsource: Services from an outside or foreing supplier. Outsourcing gives you more money. But never outsource what can be eliminated.
Virtual assistance- Know what you need. Delegate and avoid complexity. Mitigate the risks to be able to leave without worries.
Automate income, the best ways are:
Create a product, license a product, or resell a product.
Finding the muse: Needs
Testing the muse: Is your idea viable?
INTRODUCTION
Have freedom to do whatever you want from anywhere. This book will tell you how to have more time for you. Don't wait until retirement to enjoy your life
Learn about the diferentes of relative and absolute income. Also about passive and automate income
The importance of valuing other currencies. Understand the need of taking breaks. Open your Mind to more possibilities.
LAST CHAPTER
Less is not lazy. The wrong idea of multitasking
Freedom multiplier, control the all 'w'
What, where, when , whom.
The Choice-Minimal life style.
DEFINITION
Minimum effective load of work to free your schedule. The reward, Mini retirements to re charge batteries. "To do all the things you want to do, and be all the things you want to be."
Replace your old beliefs to achieve the new concept of success.
The real power is the ability to choose, make options for yourself. Set goals and objectives for what you want in life.
ELIMINATION
Ingredient: Time
Avoid the unimportant things and simplify your life. The lack of time is a lack of priorities
Parkinson's Law says that "a task would expand for the time you allow for them"
Have an organized schedule for necessary things only.
Be effective, do the right things. Remember the Pareto Principle or 80/20. Focus on what gives you the most.
LIBERATION
Ingredient: Mobility
Ask yourself what where you want to go or be?
Filling the void: The idea of mini retirements, cultivating yourself, spending time with family, hobbies, or learn anything.
Steps for employee liberation.
"Make the company invest on you.
Prove increased output offsite.
Preparethe quantifiable business benefit.
Propose revocable trial periods.
Expand remote time."