The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

Name: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
SKU: 1334
Availability: InStock

₦8,000.00

Ever wonder, “How can I work smarter and not harder?” 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, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint. After reading this book, it became clear that it is 4 hours of ‘unpleasant’ work. The goal is to spend more time doing what we really want to do. If you are already passionate about your 9-5 job, then you don’t really want to escape it in the first place.

This book takes the work-life balance concept to a higher level. The book starts by defining the ‘new rich’. Turns out, the amount of money one makes in a year is not the only measure of richness. The true richness is defined by how many ‘W’s do we control: What we do? When we do it? Where we do it? And with whom do we do it? Most of us work too hard during our young age, so we can save for the retirement. The problem is, by the time we retire, we would be too old to do anything. The ‘new rich’ defined in the book, instead takes mini retirements along the way. They control all the ‘W’s in their life. They focus on freeing up their time and location. And just that automatically makes their money worth more.

Category: Business & Career Tags: personal finance, self development

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Tim starts with 8 principles and then a 4 letter framework for becoming a new rich. Let’s start with the principles.

Interest and energy are cyclical. The idea is that we need to alternate between periods of work and periods of rest. Basically, instead of looking for a retirement at the age of 65, we should incorporate mini-vacations along the way.

Less is not lazy. We want to be able to reduce the work time and get maximum work done in a tiny amount of time. Basically, focus on efficiency. Working more hours does not necessarily mean that we get more work done.

Timing is never right. We want to do a lot of things, try many different ideas, learn a lot of things. But we never get started. The tip is that the stars will never be aligned properly, the traffic lights will never be all green at the same time. Yes, there will always be issues, but if you start, you will figure them out as you go along. Quote from the book: “The universe doesn’t conspire against you, but it doesn’t go out of its way to line up all the pins either”.

Seek forgiveness rather than permission. If it is not going to cause irreversible damages, just do it. Another quote from the book: “Most people are fast to stop you before you get started, but hesitant to get in the way if you’re moving”. If something goes wrong, seek forgiveness.

Emphasize your strength rather than fixing your weakness. Although, I do think that we need to work towards fixing our weaknesses, but the main point is that we should focus more on using our strengths.

Money alone is not the solution. ‘I can’t do X because I don’t have enough money to do it’. Turns out, we can find cheaper solutions to a lot of problems. The book gives examples of how cheap is it to travel the world. We often don’t do things like that because of lack of time and other constraints related to our job/study/relations etc. But they all can be addressed if we want to.

Relative income is more important than absolute income. The relative income is the income per hour. So, Bob making $10k per month by working 80 hours a week is less rich than Alice making $3k per month by working 10 hours a week. But, keep in mind that the absolute income has to be enough that we don’t face survival issues.

Distress is bad, but Eustress is good. We don’t necessarily want a completely stress-free life. That hinders growth. We just want to avoid distress that causes mental health problems. Eustress, on the other hand, is something that drives our motivation and growth.

Purchase now and read the 4 parts to take controls of our ‘W’s. Use the 4-letter word: DEAL. Define, Eliminate, Automate and Liberate.