Book Reviews

The 4-Hour Work Week by Tim Ferriss

4-hour work week

 

About the Book

I love The 4-Hour Work Week!

I first read it a couple of years ago and I was blown away by what I saw.

It contains so many powerful concepts and ideas, and I love how actionable many of them are.

Its basic premise is that it’s possible to free up more spare time through efficient work systems. This extra time can then be spent doing the kind of stuff you actually want to do.

Tim lays out his roadmap of an efficient and productive lifestyle in the acronym DEAL:

Definition

Elimination

Automation

Liberation

I won’t go through these ideas here. Tim brings these ideas to life in this book.

All I can really say is just check it out!

 

Favourite Passages:

  • “[The aim is] to be neither the boss nor the employee, but the owner. To own the trains and have someone else ensure they run on time.” Step I: D is for Definition – Cautions and Comparisons

 

  • “The student who elects to risk it all – which is nothing – to establish an online video rental service that delivers $5,000 per month in income from a small niche of Blu-ray aficionados, a two hour-per-week side project that allows him to work full-time as an animal rights lobbyist.” Step I: D is for Definition – Cautions and Comparisons

 

  • “As soon as I cut through the vague unease and ambiguous anxiety by defining my nightmare, the worst-case scenario, I wasn’t as worried about taking a trip. Suddenly, I started thinking of simple steps I could take to salvage my remaining resources and get back on track if all hell struck at once. I could always take a temporary bar job to pay rent if I had to. I could sell some furniture and cut back on eating out…” Step I: D is for Definition – Dodging Bullets

 

  • “It’s lonely at the top. Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre. The level of competition is thus fiercest for ‘realistic’ goals, paradoxically making them the most time and energy consuming… It is easier to pick up the one perfect 10 in the bar than the five 8s… Do not overestimate the competition and underestimate yourself. You are better than you think.” Step I: D is for Definition – System Reset

 

  • “Excitement is the more practical synonym for happiness, and it is precisely what you should strive to chase. It is the cure-all… ‘What would excite me?'”  Step I: D is for Definition – System Reset

 

  • “Being selective – doing less – is the path of the productive. Focus on the important few and ignore the rest… Of course, before you can separate the wheat from the chaff and eliminate activities in a new environment (whether a new job or an entrepreneurial venture), you will need to try a lot to identify what pulls the most weight. Throw it all up on the wall and see what sticks. That’s part of the process, but it should not take more than a month or two.” Step II: E is for Elimination – The End of Time Management

 

  • Golden Rule #2: On a lighter note, have some fun [with outsourcing]. Have someone in Bangalore or Shanghai send emails to friends as your personal concierge to set lunch dates or similar basics… Being effective doesn’t mean being serious all the time. It’s fun being in control for a change.” Step III: A is for Automation – Outsourcing Life

 

  • “1. A prospective customer sees his Pay-Per-Click (PPC) advertising on Google or other search engines and clicks through to his site…
  • 2. The prospect orders a product for $325 (the average purchase price, though prices range from $29 to $7,500) on a Yahoo shopping cart, and a PDF with all their billing and shipping information is automatically emailed to Doug.
  • 3. Three times a week, Doug presses a single button in the Yahoo management page to charge all his customers’ credit cards and put cash in his bank account. Then he saves the PDFs as Excel purchase orders and emails the purchase orders to the manufacturers of the CD libraries. Those companies mail the products to Doug’s customers – this is called drop-shipping – and Doug pays the manufacturers as little as 45% of the retail price of the products up to 90 days later (net-90 terms).”  Step III: A is for Automation – Income Autopilot I

 

  • NB: pages 206-207 are very useful for scaling information

 

What Others Are Saying

reviews for 4-hour work week

 

Star Rating:

4/5

The 4-Hour Work Week has seen pretty mixed reviews since its release back in 2007.

Some of the content is slightly outdated, and at times, Tim’s style can be a little cringy – something he has openly admitted himself on numerous occasions.

For me, however, it’s still a fantastic read full of life-changing concepts, particularly for individuals looking to outsource areas of their personal and professional lives. It’s continual best-seller status suggests I’m not alone and I have no doubt it’ll continue to enhance the lives of those who read it.

Highly recommend!

 

If you liked this post, you may also enjoy the following:

Tribe of Mentors by Tim Ferriss

Gary Vaynerchuk: Patience, Gratitude, Humility

Principles by Ray Dalio

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