Black White Talk

How "New rich" escape 9 to 5 rat race - 4 hours work week


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"Fun things happen when you earn dollars, live on pesos, and compensate in rupees, but that's just the beginning." Tim Ferris, 4 hours work week

This episode discusses the book 4 hours work week.

New Rich

Tim Ferris defined the "New Rich" vs current high-income earner, coined lifestyle design, and digital nomad. The book talks about escaping 9-5, beat the rat race, and introduce 4 steps DEAL.

- Define

- Eliminate

- Automate

- Liberate

Emphasizes strength, don't fix weaknesses to increase productivity

Mini retirement : Retirement is a scam. Do not live life frugally just to reach retirement at old age. Take mini-retirement from 2 weeks to one month 

Parkinson Law : Set a short time frame and complete it

80/20 rules:  spend 20% of your daily effort to achieve 80% of results

Email Etiquette : Check your email at a specific time of the day. Off the email notifications as each notification pop up will take away your 7 seconds on attention span

Meeting : stand up meeting so that everyone will state the main point and keep the meeting short

Not stay back for OT : You are allowing yourself to be not productive during work hour. Your productivity will drop after a certain work hours

Learn to say no : Be a NO-man and put back the focus back to what is important to you.

...more
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Black White TalkBy Blackwhitetalktv