The 4-Hour Workweek written by Tim Ferriss is a step by step guide on how you can free yourself from the monotony of a 9 to 5 job. This bestseller blueprint directs you on how you can start your business to fund your lifestyle so you can live like a millionaire without having the millions.
In the book, Tim documents how he had to alienate himself from his company so he could be able to travel more and learn other things. Many people today love the lifestyle of the rich, but they do not know how they can get it.
If you are wondering whether this book will answer the questions you have, read this 4-Hour Workweek summary to the end. It will provide you with a brief of all the chapters and lessons in the book. The book is divided into four steps that spell the word DEAL. The deal here is you saying yes to the “new rich” lifestyle.
Step 1: D is for Definition – this part introduces the reader to the aspect of just being rich and living the lifestyle. Some people are rich, but they do not enjoy the lifestyle. People are busy working to be rich, collecting the money not knowing that life is passing them by.
With the new rich lifestyle, you do not aim to work many jobs to become rich. You aim at becoming the owner. When you are the owner, you have the time to do the things you love.
This step has four chapters namely;
- Cautions and Comparisons: How to Burn $1,000,000 a Night
- Rules That Change The Rules: Everything Popular is Wrong
- Dodging Bullets: Fear Setting and Escaping Paralysis
- System Reset: Being Unreasonable and Unambiguous
“Money is multiplied in practical value depending on the number of W’s you control in your life: What you do, When you do it, Where you do it, and with Whom you do it. I call this the “freedom multiplier.” When you are newly rich, you control your W’s.
Step 2: E is for Elimination – to enter the world of elimination you have to learn how to do more by doing less. It is not about being busy all the time, it is about being productive. Eliminate everything that is not important so that you can create more time and space to be able to do more.
“Look at what you’re doing and ask what would happen if you did things differently from everyone around you. Where will your current track take you in 5, 10, 20 years? When you are able to do more with little time, you can then fill the void of space left by a side hustle that will help you achieve your new lavish lifestyle. The chapters in this step are;
- The End of Time Management: Illusions and Italians
- The Low Information Diet: Cultivating Selective Ignorance
- Interrupting Interruption and The Art of Refusal
Step 3: A is for Automation – to be able to achieve more you have to be able to put your income on autopilot. You must be able to outsource and automate. This means that you will own a business and not need to be there to run it.
When you outsource and automate your businesses, you put your income on autopilot. Things just run on their own, and at the end of the day, you have your paycheck.
To succeed you should not just look at increasing the total income but increasing the income per hour. This means that you become more effective at what you do. You become more productive and can do much more than you could have on your own. This step of the process has four chapters namely;
- Outsourcing life: offloading the Rest and a Taste of Geoarbitrage
- Income Autopilot I: Finding the Muse
- Income Autopilot II: Testing the Muse
- Income Autopilot III: MBA – Management By Absence
Step 4: L is for Liberation – it is time to escape the “salaryman lifestyle.” Liberation means that you are able to break free of the 9 to 5 routine finally. This, however, will only happen when you have become very productive in little time.
Many companies have introduced ways in which their employees can work remotely. The companies that have done this, record to have seen an improvement in productivity. Being caught up in the office 9 to 5 doesn’t mean that you are doing anything constructive.
You might need to practice to work remotely either on the weekends or when you are free. You have to learn to improvise to make you work easy and also to live a mobile life. The chapters in this step are;
- Disappearing Act: How to Escape the Office
- Beyond Repair: Killing Your Job
- Mini-Retirements: Embracing the Mobile Lifestyle
- Filling the Void: Adding Life After Subtracting Work
- The Top 13 New Rich Mistakes
When you have finally liberated, you will be able to live like the new rich. It is a lifestyle, and therefore it means changing so many aspects of your life and your thought process.
What I Like About the Book
The book is written in a tone that will want to keep you reading. It is not boring at all. You can quickly get through this book in one sitting if you have the time because the tone is very entertaining. I like that the book is not about quitting your 9 to 5 job, but it is about making you an entrepreneur.
It changes your thinking about business and gives you insights on what you can do to live the new rich lifestyle.
Why You Should Read the Book
You should read this book if you really want to change your lifestyle. The book offers guidelines and steps on what you should do to transform yourself into an entrepreneur. What seemed so much out of reach will soon become attainable for you. However, you need to put in the time and to have patience if you will achieve the new rich lifestyle.