The 4-Hour Workweek
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10 min

The 4-Hour Workweek

by Timothy Ferriss

Brief Summary

“The 4-Hour Workweek” (2007) by Timothy Ferriss lays out a strategy for changing your life using the concept of the New Rich. This book explains how you can get the maximum results with minimal effort. It can also help you to change your approach to work and life.

Key points

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Key idea 1 of 7

We usually associate success and well-being with a lot of work. Many people believe a stereotype that we have to work a lot to be happy. But *the New Rich* concept suggests that you can get a great result with minimal work.

Many people fear change because they see it as something unpleasant and uncomfortable. You may have quite logical questions after hearing about the New Rich concept. "Will I have to quit my job?" "Is it necessary to travel all the time?" "Is it only for those in their twenties?" The answer to all these questions is “no.”

New Rich is about how to free up as much time as possible to get to know yourself and the world and do things that make you happy. This concept suits everyone: twenty-year-old workers, fifty-year-old almost-retirees, or mothers with children. Just give it a try!

You can have different goals for implementing this idea. Let's say you want to spend more time traveling and learning about the world and, at the same time, be a successful business person. Don’t think that these dreams are just a pie in the sky.

Let’s look at the New Rich concept to understand it better. It is based on D-E-A-L. D stands for Definition. First, you need to determine what constitutes success and happiness for you. We all work hard for money. Many of us would like to become real millionaires. However, this dream is not about money. We don't want to become millionaires to hold a lot of green pieces of paper in our hands and enjoy them. This desire to be extremely rich comes from the urge to gain new impressions and experiences, which we think we can provide ourselves with a million.

E is for Elimination. It's hard to believe, but things that take up eight hours of our time each day can be done in just a few hours a day. For this, it is worth focusing on the main thing. A is about Automation. There are many unnecessary tasks and functions. To save time and effort, you need to learn how to delegate these tasks. An outsourcing approach will also be helpful here. And, finally, L stands for Liberation. This concept will overturn your usual ideas about rest and retirement. It's about changing your entire lifestyle to help you feel true freedom.

01
The concept of the New Rich based on D-E-A-L can change your life forever
02
Forget about time management because less effort brings more results
03
Delegate and outsource to maximize your productivity
04
Take mini-retirements instead of classic vacations to reconnect with yourself
05
Keep your life interesting by living on your terms and gaining new experiences
06
You should have the tools to implement your goals
07
Final summary

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