Name of the Book: - The 04 Hour work week, Escape the 9-5, Live Anywhere and Join the New Rich
Author: - Timothy Ferriss
No of Chapters: - 16
Number of Pages:
- 396
Single Sentence
description of Book: -
Why wait till retirement, enjoy life now
What the book is
about: - Book dispels
the notion of waiting till retirement. It is aimed at creating mini retirements
by using the method DEAL i.e. Define, Elimination, Automation and Liberation
for entrepreneurs and DELA for employees. Book puts emphasis on being an owner
of business rather than being a boss. It guides through the process of managing
businesses in a completely different way by using the DEAL Method. It
challenges the normal thinking about retirement, timing of actions and Money as
solution of everything.
It supports the complete process of joining the new rich club
by following four steps
1. Define: - It
defines your worst-case scenario of leaving the job. What are the alternatives
you have to take overcome the situation? It puts focus on creating your short
timelines what you want to be or do in near future. The template for creation
of timelines is also provided which shows that amount required for each timeline is
not that much as we think.
2. Eliminate: -
In this step, author puts focus of elimination of all non-productive things
around you using 80/20 principle. It says that our 80% happiness comes from 20%
of our output and vice versa. The quote at the beginning of the chapter by
Bruce Lee sums the chapter “One does not accumulate but eliminate. It is not
daily increase but daily decrease. The height of cultivation always runs to
simplicity.”
3. Automate: -
In this author explains the importance of outsourcing life from personal to
business which saves lots of time. Author explained the process of automation
of business as it grows over a period of time.
4. Liberation: -
The last step of the process is liberation in which author discussed ways to be
free from job or from business. It aims at generating time from out of your office time by remote working,
Learning’s :- Some of the key learning from the books
a) Batch processing of identical jobs to save time and energy.
b) Checking emails only twice a day.
c) Create small timelines of things you want to do and
achieve.
d) Checklist of 09 Not to do things in life
Overall review: -
It is an unusual book which gives you wings to break the shackles of daily 09
to 05 job and aims at achieving freedom with financial gains. It aims at
spending quality life with your loved ones and hobbies which you enjoy. Overall,
it is a good read which gives us insight about what is our aim life.
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