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Serial Entrepreneur & Ultravagabond

Timothy Ferriss, author of the 4 Hour Work Week, is a self-described “serial entrepreneur and ultravagabond” who lives a lifestyle that most of us could only dream about — until now.

Ferriss presents a step-by-step guide to his free-wheeling lifestyle, allowing us to follow in his footsteps and realize lifelong dreams. Some people consider Ferriss to be an “Indiana Jones for the digital age”.

This interesting book has been a #1 Wall Street Journal Best Seller, a #1 NY Times Best Seller, and a #1 BusinessWeek Bestseller.

Replace Obsolete Assumptions

His basic premise is that we need to fill the vacuum created by replacing outdated assumptions with the “Rules of the New Rich”.

We need to replace the limiting assumptions that prevent us from enjoying life now. We need to replace limiting assumptions that waste our time and force us to live in a particular location.

We need to value our time and our mobility as we learn to join the ranks of the New Rich (NR).

Rules of the New Rich

According to Ferris, the “Rules of the New Rich” include the following:

• Retirement is Worst-Case Scenario Insurance
• Interest and Energy are Cyclical
• Less is Not Laziness
• The Timing Is Never Right
• Ask for Forgiveness, Not Permission
• Emphasize Strengths, Don’t Fix Weaknesses
• Things in Excess Become the Opposite
• Money Alone is Not the Solution
• Relative Income is More Important than Absolute Income
• Distress is Bad, Eustress is Good

The 4HWW Model

His model provides us with a roadmap for realizing our own lifelong dreams. He shows us how to:

• Live like a millionaire
• Free time and automate income
• Outsource our lives to overseas virtual assistants for $5/hour
• Travel the world without quitting our jobs
• Eliminate 50% of our work in 48 hours
• Trade a long-haul career for short work bursts and mini-retirements

He uses the DEAL acronym to describe his model, where:

• D = Definition
• E = Elimination
• A = Automation
• L = Liberation

He encourages us to use “Dreamlining” to design our own luxurious lifestyles. His recommendations rely heavily upon elimination, simplification, and outsourcing to virtual assistants.

Ferriss’ 4 Hour Workweek model relies upon the Lifestyle Design (LD) process including both art and science. Another key component of the lifestyle design process is automation, i.e., building a system to replace ourselves as bottlenecks. But never automate anything that can be eliminated, and never delegate anything that can be automated or simplified.

Carpe Diem!

Courage and self-confidence are the necessary ingredients for realizing our lifelong dreams. Along the way, you’ll come to realize that having choices; i.e., power in life comes from personal choice.

I plan to create my own 4-Hour Workweek; how about you.

Ferris shows us how to realize our dreams quicker and easier than we ever expected.  I plan to implement many of his ideas into my own life.

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