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’ free-wheeling book has been a #1 Wall Street Journal Best Seller, a #1 NY Times Best Seller, and a #1 BusinessWeek Bestseller.

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 him to be heroic, like an “Indiana Jones for the digital age”.

Replace obsolete assumptions with the Rules of the New Rich and enjoy life more right now.

We home business owners need to replace these assumptions because they limit us and prevent us from enjoying life. We’d like to be able to manage our businesses, and our lives, from anywhere, anytime.

The New Rich (NR) believe that time and mobility are the most precious commodities. The Lifestyle Design (LD) process is both an art and a science.”

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 your life to overseas virtual assistants for $5/hour
  • Travel the world without quitting your job
  • Eliminate 50% of your 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

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

He encourages us to use “Dreamlining” to design our own luxurious lifestyles. Join the New Rich (NR) by focusing your current efforts on elimination, simplification and outsourcing.

Another key component of the lifestyle design process is automation; i.e.building systems and processes that eliminate ourselves as bottlenecks. Don’t automate anything that should be eliminated, and don’t delegate anything that should be automated or simplified.

This book shows how to recognize and seize opportunities that others miss. Having options.e.Power in life comes from the ability to choose.

Courage and self-confidence are the necessary ingredients for realizing our lifelong dreams.

This is a very compelling book and presents a plan that is easy to understand and apply. I plan to implement many of his ideas into my own life and am presently automating my income using the Infinite Income Plan.

I highly recommend this book - as well as Ferris’ website and blog.

This is a great book that I recommend to every online business owner I know. Ferriss has provided a wealth of valuable resources both in the book itself and on his website/blog.

 

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