The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (Expanded and Updated)
by Timothy Ferriss
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Book Summary Information
Author: Timothy FerrissEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2009-12-15
ISBN: 0307465357
Number of pages: 416
Publisher: Crown Archetype
Product features:
- Over 100 New Pages of Cutting-Edge Content.
- ?How Tim went from $40,000 per year and 80 hours per week to $40,000 per month
- ?How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
- ?How blue-chip escape artists travel the world without quitting their jobs
- ?How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
Book Reviews of The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (Expanded and Updated)
Book Review: Reading Comprehension is Key
Summary: 5 Stars
I'd like to preface this review with something interesting about the Amazon reviews for this book. Many 1-star reviewers accused the 5-star reviewers of being "plants." Especially the ones who hadn't reviewed a book before on Amazon. How do they know that the person wasn't just so moved by the book they made their first Amazon review? We all had that first book we reviewed at one point or another. And extreme feelings about a book, either extreme love or extreme hate, tend to motivate one to share that view with the world.
What I found amazing was, most of the 1-star reviews were reviews of positive reviews, not the book, even though they claimed to be reviews of the book. With all that was taken out of context and twisted, it was clear that most of the 1-star reviewers either didn't read the book or don't have sufficient reading comprehension to be a critic of anything. I find this unfortunate since many negative-minded people read these reviews and respond with things like: "This was what I suspected, glad I didn't waste my money." I'm not sure what exactly the threat is in exploring new ideas whether you agree with them or not, at least allow your mind the opportunity to choose.
This book is not about being lazy. It's not a get-rich quick scheme. It's not about being dishonest or unethical. It became very clear that some people really truly believe that working few hours on work you hate to free up time for more productive and meaningful life activities is somehow "immoral." I guess the Puritanical mentality this country started out with (earliest settlers here) has seeped deeper into our overall culture than we once imagined.
I used to be very held back by the notion of "the other people in the world who are suffering." i.e. why should I seek to make my life situation better when it seems selfish compared to all the starving Ethiopian children, for example. But the crux of the issue is this... I am either helping, being helped, or breaking even. Breaking even would be when a person barely scrapes by enough to support and take care of their own family unit (people living in the house with them.) They are often in debt, middle-class generally, but living paycheck to paycheck or not far above it. They live from scarcity rather than abundance and so any little bit they have over they have to save rather than use to help someone else.
Others are constantly "being helped" by the government, by charities, by whoever. Now I'm not making a moral judgment against either of these groups of people. Living in a money-based instead of a community-based society is hard. However... people often rush to judge those who either HAVE money or WANT to have money as automatically immoral or bad people. And that's not true. Who do you think the helpers are? It's certainly not the people who need help, and it's not the people in that middle class prison that can't seem to get ahead. It's the people who have extra money TO help. And those are also the people who volunteer the most because surprise surprise they have more TIME to donate than any of the other groups.
So I think people would benefit themselves quite a bit if they changed their attitude about acquiring money. Yes, there will always be greedy people who acquire at the expense of others. There will always be people who are materialistic and just want more and more useless "stuff." But then there are others who acquire money and more personal freedom who use a good portion of both of those assets to help others. And contrary to what many readers seemed to get out of the book (or out of their reading of the reviews only), the author's message isn't about being greedy, but about acquiring freedom and then using that freedom for something that benefits both you and others at the same time.
Pointless drudgery and suffering for the sake of it is... pointless. It's not character building necessarily and it doesn't make you a better person necessarily. And especially if a lot of the suffering is self-imposed based on a refusal to think outside of a very limiting box.
The author's definition of the "new rich" is a sliding barometer. For example his view (and I agree) is that someone who makes $40,000 a year and is totally 100% mobile and can live ANYWHERE in the world, and go anywhere in the world, is far more rich than someone making $500,000 a year who hates their job, works 80 hour weeks and is trapped in one location (usually a very expensive American city like NY or LA.) This is very true. You'd be amazed by the variable in quality of life for your dollar depending on where you live, even just in the United States there is huge variability.
This book explores a lot of ways for you to simplify your life and get work done with as soon as possible so you can get on to other things. Timothy Ferriss is NOT saying that you can work 4 hours a week starting tomorrow. The goal of this particular book for this particular outcome is one of two things: either to work remotely for your employer and increase productivity to the point that you can work fewer hours (though probably more than 4 a week) from home or anywhere else you are, or starting a business with the goal of automation at the end. i.e. internet business, product-based businesses (online), information products. You do a lot of work on the front end to create a product and set up an infrastructure so you don't have to continue to micromanage the business forever. You can go on to doing other things, either another income stream or micro-business on another topic/idea/product, or some other activity that interests you.
This is the kind of track I'm on and have been on for a little while now. This book wasn't overly novel to me because I'd already been initiated into this type of "Freedom-based" thinking through books like: "Unjobbing: The Adult Liberation Handbook," "Making a Living Without a Job," and "How I found Freedom in an Unfree World," all amazing books and paradigm shifters that make you take stock of what YOU want and not what you're "supposed" to want and that also make you look at money and acquiring it in whole new ways. Every single one of them is valuable in their own right and reading those books probably made this book far less "out there" to me. Since apparently it seems pretty "out there" to a lot of people.
I've owned a service business before (wedding coordinating) and a craft business (candlemaking) and on both fronts I realized quickly that even if I was spectacularly successful, that there was a definite ceiling on the amount of money I could earn with either without adding significant complication into the mix (i.e. working long hours indefinitely and employees which I would then have to manage.) In the case of candles I could have gone an entirely different route into outsourcing manufacturing, but then it would cease being a "crafts" business and turn into just retail.
There is a common saying among entrepreneurs that they would rather work 16 hours a day for themselves than 8 hours a day for someone else. Well I don't even want to work 8 hours a day. It's not that I'm lazy, I just have other things to do, and if you enhance your productivity there really is no genuine reason to work that many hours a day. Most people in 9-5 jobs are getting about 3-4 hours of genuine WORK done a day. Well that's about what I do, but I just do it in a concentrated effort and don't get sidetracked by other things. Some days I work 6 hours especially when I'm in the new phase of a project, but that's about my max. Granted, we are talking about income producing activities here. This doesn't include cooking and cleaning which is also technically work, or exercise, which is a form of work. I enjoy exercise, but I enjoy most of what I do to one degree or another so liking or not liking the activity can't be the barometer for what is and isn't work.
Anyway this is an incredibly long-winded way of saying that I really enjoyed this book, and didn't find it that "out there." It's somewhat amusing to see the people who "do" find it that "out there" because I don't really think I'm an impractical person. But I will admit that it has probably helped that I'm so stubborn, I just pretty much refused to buy into many of the ideas I was "supposed" to buy into regarding work. So even with the first paradigm-shifting book I read in this category, I was open to the ideas. I'm not a lazy person but I also don't mistake "busyness" for productivity or accomplishment.
I was already familiar with a lot of the mentalities and ideas in the book from my exposure to the above mentioned books as well as learning experiences I've already had in business and things I'd figured out on my own, but I did learn a few new techniques and he also helped to boil down some things for me that will be useful in launching my next income stream which will hopefully eventually replace the freelance work I'm doing now. Because the goal eventually is automation so I can free up time to just write what I want (with or without big profit at the end of it), and focus on other pursuits.
More The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (Expanded and Updated) reviews:
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Summary of The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (Expanded and Updated)
More than 100 pages of new, cutting-edge content.Forget the old concept of retirement and the rest of the deferred-life plan?there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, The 4-Hour Workweek is the blueprint.
This step-by-step guide to luxury lifestyle design teaches:
?How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week
?How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
?How blue-chip escape artists travel the world without quitting their jobs
?How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
?How to trade a long-haul career for short work bursts and frequent ?mini-retirements?
The new expanded edition of Tim Ferriss? The 4-Hour Workweek includes:
?More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point
?Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal
?How Lifestyle Design principles can be suited to unpredictable economic times
?The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either
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