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Group 1 - The Four Hour Work Week - Coggle Diagram
The Deferrers VS. The New Rich
(Trâm Anh)
The Deferrers
They might work for 30 or 40 years
Retire at 65
Sacrifice their lives to the idea of retirement
The New Rich
Flexible
Not reliant on their works
Live the retired lifestyle throughout their life
8 Rules to Follow To Be Part of The New Rich - The New School Way of Approaching The Life You Want
Interest & Energy Are Cyclical
This
“work routine”
is way more effective than working really hard for 40 years and saving up until we’re 65
We should be trying to
alternate between periods of work and periods of rest.
Less Is Not Laziness
Build a system that can do more of the work
Spend less of our time
Get accelerated results
The Timing Is Never Right
You have to do the thing and figure the rest out along the way
“Waiting for “someday” will take your dreams to the grave”
The reason that we say we don’t wanna do something else is because
the timing is isn’t quite right
Seek Forgiveness, Not Permission
Act decisively (when it's needed) and apologize for it later than to seek approval to act and risk delay, objections, etc
Emphasize Strength
Focus more on the things that you’re good at
to leverage up your time and your skills
Don’t try too hard to fix your weaknesses
Money Alone Is Not The Solution
You can do things that you think you want to do a lot cheaper than you think
Relative Income Is More Legit Than Absolute Income
The difference is:
the old school way of thinking is to just think about money as a resource, and the new school is very much time is the resource.
Relative income looks at
both money and time
crucially as being our resources
Distress is bad.
Eustress is good
Eustress
is that kind of stretch zone where we’re stepping outside of our comfort zone
→
Eustress is what helps us grow
Distress
is the type of harmful stress that over a long amount of time makes us weaker →
Distress is what makes us have problems further down the line
The Four-Part Method For Getting To The New Rich
D
Define
MITIGATING FEAR
Uncertainty over unhappiness
Ask yourself six
questions
that help
overcome fears
Fears
stop us from trying out new things
SETTING AMBITIOUS GOALS
The
top 4 dreams
3 action items
for each
5 things
that you want to
have
, to
do
and to
be
Do the
first
action
right now
E
Eliminate
Eliminate
things
that take up
too much of our time
and
don't add very much value
to us
Parkinson's Law
Knowing
that we have a set amount of
time
to do something often inspires us to
leave work to the very last minute
– and our
delays in getting started
mean the
time required
for that task
expands
Work expands to
fill the time
allotted for its completion
The Pareto Principles
80%
of
consequences
come from
20%
of the
causes
Most
things in life are
not distributed evenly
often focus your effort on
the 20% that makes a difference
, instead of the 80% that doesn’t add much
Batching
Do
tasks
that are
similar together
and get it done all at once, instead of doing those multiple times until it's done
Free us up
to be more
productive
A
Automate
(Trâm Anh)
Building a system that automates the results that you want
Hire a virtual assistant
L
Liberate
(Trâm Anh)
from the shackles of your full-time job
what you want
can liberate yourself from the shackles
Working in your business
