Book Review: The 4-Hour Workweek by Timothy Ferriss
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I was introduced to “The 4-Hour Workweek” by a fellow co-worker while we were talking over lunch. We occasionally talk about the future of business and how the workforce of Corporate America will evolve with the future of technology. Not to judge a book by its cover, Tim has done a great job of marketing his self-proclaimed step-by-step guide to escape the 9-5 rat race to live more by doing less. He strikes the common thread with the majority of the workforce by providing hope to each reader as they fantasize of breaking free from their cubicle and traveling the world.
The author encourages each reader to join the “New Rich” defined as those who abandon the deferred-life plan and create luxury lifestyles in the present. Helping us to become a part of this select group, Tim lays out the DEAL acronym to structure our change process. DEAL stands for: Definition, Elimination, Automation, and Liberation. Detailing out a step-by-step plan, the author provides examples of how employees and entrepreneurs can utilizes his recommendations.
This was a quick read for me as it was uplifting to hear Tim’s success story, being that he is around the same age that I am. If I can achieve just a small portion of what Tim has, I will consider that a positive return on my investment.
Tidbits that I will remember from this book:
- Income Autopilot: The books provides a great method of testing a new business model on a small-scale basis. Tim provides many resources of how to get a quick indication if your business concept will be a success.
- 80/20 Principle: Tim encourages you to apply to well-known Pareto 80/20 principle to help identify the value added activities that you work on and not to worry about the rest.
- Challenges the status quo: Challenges you that by doing less doesn’t mean that you are lazy or a poor performer compared to your peers, you are just utilizing your resources (e.g. time) in a more effective way.
For the $12 that a new copy of this book is going for, it is worth the investment. But just don’t take my words for it, here are some fellow bloggers that have provided their own reviews
If you are a PF blogger and want a chance to win a free copy of this book, feel free to enter my June 2008 Stock Picking Contest.
