Escape from 9–5 jobs, live anywhere, and join the new rich.
If you are rich that doesn’t mean you have to become a millionaire, here are two factors that determine the new rich people that is time and mobility.
If A person earns $30k per year and person B earns $150k per year. Who is rich? Definitely person B in comparison of their income. But B has to work 80 hours a week whereas A has to work 10 hours a week.
Person B lives in the capital city where everything is expensive, he has to pay per dinner with a loved one $200 at a restaurant. On the other hand, person A can live anywhere around the world, manage his work and have a nice dinner just at $20. He is following the 4-hour workweek method.
Person A has lots of income but he/she doesn’t have time to do their own work where they can enjoy and if they don’t go to work to the office, the office probably shut down.
And person A is an online entrepreneur who can coach his/her students anywhere from the world and generate income. They create online learning videos, sell online, make one-time courses ready and they never work. If he puts just 4-hour work in a week he can save lots of time which make them more productive.
How can you get out of the trap of a 9–5 job for living a paycheck lifestyle? How can we manage 4 hour work week, So that we can be more productive, invest most of the time upon us and generate automatic income?
Most of us people in this world work hard and we believe our retired life would be better. We sacrifice our valuable life and time in the work which even we don’t like to do because we trust working hard make our retired life brighter and we missed the best time of our life.
For the new rich who they believe to live a meaningful life right here, right now.
The person who wants to challenge and want to join new rich they just quit their job and they chose the best lifestyle right now and right here.
To live life as you want, explore the world is open for everyone and it is not just for a millionaire.
You don’t need an abundance of money to live the life you want. You just need the flexibility, automation, and mobility system on your work, so that you manage your financial health anywhere from the world.
Write your own rule and always aim high.
Work hard to build a company, invest money and generate an abundance of money, why this money?
Why do rich people do that? Because money creates time, mobility, and options.
New rich know how to create money; by following these steps
In 4 hour work week author Timothy Ferriss, here are some takeaway points.
From 4 hour work week book
1. Method of joining a new rich group
Create time, mobility, and option with an abundance of money it is a great DEAL. Everyone following a 9–5 job strategy doesn’t mean that you have to follow the same.
Let’s dive into the detail about DEAL.
D- Definition
Re-define your goal that you are going to play for long, focus on relative income. Your goal shouldn’t be just money.
E-Elimination
Being busy 24/7 hour feels more ambitious but according to the authors, it is lazy thinking. You must eliminate unnecessary activities so that you can focus on your goal.
A-Automation
Outsource the task that you are doing repetitively and is time-consuming. The best example is Apple Company, it designed in the US and manufactured in China.
L-Liberation
Don’t tie down yourself in the same location. There are different places that have different tests and experiences. Explore the world move forward and become what you want in your life, just don’t force your life to be always at the same place.
2. Power of Relative income
In your opinion who is rich, a banker $500k per year and works for 80 hours per week. Whereas e-commerce entrepreneur has autopilot business income is $40k per year and do 4-hour work in a week.
The obvious answer is Banker but wait, we already said there are still many factors that determine. The freedom multiplier depending upon how many of them you control the practical value multiplies.
According to the authors, what you do, when you do it, where you do it and whom you do it with. The banker is typically a barrier and restricted in this regard, but an entrepreneur is freer.
Once you have your cash flow that will be enough to support your lifestyle.
3. How to be more productive
Effective and efficient both are different, effective is doing the right thing whereas efficient is doing things right.
Doing something unimportant task well is does not make it an important task.
Let’s discuss Pareto’s Las 80/20 rule.
80 percent of the company’s profit comes from 20 percent of the customer.
you wear 20 percent of your clothes 80 percent of the time time at home. So, actual energy must focus on 20 percent, keep 20 percent customers happy put the remaining 80 percent on autopilot.
4. Become the master of the machine
What is the greatest obstacle to the management of your own money? Give me the answer, my answer is yourself or we. No matter what you are, who you are right now, you must learn to delegate and define the task. Replace and multiply yourself by outsourcing a task to software or to other people.
Outsourcing some unimportant task does not make it an important task.
If you outsource for $7 per hour and return is $5 hour it is not important.
Understand the geographic benefit of earning in dollars living in pesos.
Get virtual assistance from Upwork, fiver, and freelance.
- Focus on cost for a task not cost for an hour.
- Test yourself with working with others, you don’t know until you work with others.
- Use the power of the deadline
- Do one task at a time
- Apply it try it and become the master of the task machine.
5. Create unrestricted mobility( as an employee)
- Increase investment- look for courses and training which might help you in your goal.
- Used break- take a break with your work, which is the best time to give yourself.
- Company benefit-show your boss how productive you are and show the benefits of a company to be smart.
- Suggest work from home- ask your boss twice a day in a week to work from home, at least a week to work from home. Make that day more productive ever in your life.
6. Expand remote spent time
Gradually increase your time to be outside of the office until you don’t have to be in the office at all times. Put that extra time on your goal where you want to be and become new rich with money, time, and mobility.
Bullets points from 4-hour workweek
- Money creates time, mobility, and option.
- Cash flow and time are the most powerful currencies.
- If you are doing a job that you don’t like then you are wasting your time.
