4-hour work week summary
- Time is the new money. Handling time is handling everything.
Life style design - Designing the life style you want without needing any money, only with time and mobility.
- Always store only the important information.
- Make your money flow in autopilot mode.
- Try to outsource everything you can, it puts less pressure on you. - Only work for yourself.
- Do all the things you want.
- Buy all the things you want.
- Do things which excite you.
- Be all the things you want.
- Be your own boss.
- What we fear doing most is, what we want to do immediately.
- Always calculate the potential downside of an action but also calculate the downside of inaction.
- Dream the unrealistic.
- You are always better than you think.
- Find who you are?
- Create a 6-month timeline to achieve your passion.
- Calculate how much money you need to achieve your goals.
- Calculate the cash required on a monthly basis.
- Calculate monthly expense and multiply by 1.3 and add the money needed for your passion. This is your monthly target value.
- Calculate target daily income. Use www.4hourworkweek.com/calculator.
- Always ask the familiar person in that field to make your work simpler, don’t get into paralysis by analysis.
- Take the first step now. Tomorrow never comes.
- The 80/20 rule.
- The Parkinson’s Law.
- 80% of the results come from the 20% effort you put in.
- Find distribution before designing a product.
Ask these questions thrice a day:
- Am I productive or just active?
- Am I inventing new things to avoid the important?
- What would you do if you have a heart attack and to have to work only two hours a day.
- Less is more.
- Always consume the data that is used immediately. Consuming the data which is used later is waste of time.
- Always cut down the chat to important point.
- Create actions into batches.
- Make recurring tasks into batches, so you cannot stuck doing recurring things every time.
- Clear thinking, comes clear commands.
- Think simple.
- Identify the top 5 time-consuming tasks.
- Develop the art of commanding.
- Owning a product differs from creating, manufacturing and selling the product.
- We own a business which we never manage anything we don’t lift any heavy work, all the things are outsourced.