Ideas From Tim Ferriss’s The 4-Hour Workweek

In this 1 minute and 30 second PAREable, discover ideas on how to live fully with a mobile lifestyle in the ever-changing world.

Actionable Do:

  • Aim high, so you can create your own reality and write your own rules.
  • Step outside your comfort zone and take action now.
  • Try to gain the freedom of remote working within your current corporate job.
  • Be effective on the job by working on things with the goal of gaining remote work.
  • 80/20 rule applies with work, that 20% of work will bring 80% of results, so focus on being productive instead of busy.
  • Time is money. Remove things that reduce your effectiveness at the job.
  • Rate importance of a task by asking yourself, “If this is the only thing I do today, would I be happy with today?”
  • Finish your high priority items before noon.
  • Let email and voice mail wait until the high priority tasks are done, then bundle tasks to finish them.
  • Have others play by your communication rules.
  • Setup an automatic source of income by outsourcing everything. The key is to use as little of your time as possible.
  • Have open communication and do not let your input be a requirement in the business process.
  • Delegate as much responsibility as possible.
  • Validate and test your products before selling. Setup online store with out of stock items and A/B testing ad campaign.
  • Establish credibility in your product category.
  • Appear bigger because people trust larger companies.
  • Be picky about your customers. The 20/80 rule applies. Top 20% of your customers will be responsible for 80% of revenue, so attend to them.
  • Go premium with your product because of higher profit and customer quality.

Actionable Don’t:

  • Don’t lie to yourself and think when staying within the comfort zone things will magically be okay.
  • Don’t start your day by checking emails.

Thinkable:

  • A fulfilling life can be achieved by being mobile and flexible. So you can do whatever you like, whenever you like.
  • Moderate, automatic income that you can manage anywhere around the world, and would allow the mobility that is required for the lifestyle you truly want.
  • The worst case scenario from making a decision is usually not as bad as you think.
  • The steps to independence: full time 9-5 job – full time remote 9-5 job – gain efficiency to reduce 9-5 tasks to be 9-1 – use other time to automate alternative income – able to quit old job with alternative income.

Live and apply these ideas with the FREE Mindmory app!

Don’t just take my words, check out his book.

Until the next PAREable..

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