Having recently written about Tim Ferriss’ TED talk about Fear Setting, I thought it might be a good time to write about his awesome book ‘The 4-Hour Workweek’. This book is about setting up systems of passive income and ways to save time by outsourcing, and how ultimately you could be working a mere 4 hours per week with all the income you need.
I love the idea of passive income and becoming financially free (where your passive income exceeds your expenses so you don’t have to work at all). Although the norm is to be employed and work 9-5, it’s refreshing to know there is an alternative way to living life. If you can achieve it.
Ferriss put in a lot of hard work in setting up his business, and figuring out what works and what doesn’t. Having spent many hours on maintaining his business, he found ways of ‘stepping out’ and outsourcing so that things could run well without him. This includes spending money to save your own time and effort, for example by using Virtual Assistants or outsourcing your business’ customer services needs to a call centre.
The book discusses potential business ideas, products, finances and provides many recommendations on how to get started and companies that can assist.
As well as offering lots of time-management solutions, this book is really inspiring for those who would contemplate making the leap to have a life with more free time to travel or do whatever they love. Or maybe even keep their full-time job and start a side-hustle for some extra income.
I have a friend who started a side-hustle in selling electronic equipment (that he loves) worldwide, mainly for fun and to pursue his own hobby. It turned out to be so successful that he left his job in the city, moved to Turkey with his wife and kids and now lives in a beautiful home in the sun and runs his business from home. I don’t know if he actually read this book, but this is the kind of book that would propel this kind of business to be streamlined and make as much money as quickly and with as little effort as possible.
Ferriss’ strengths are in making complicated processes simple, finding the easiest and most efficient ways to achieve the desired results. The prospect of starting your own business can certainly be daunting, but a bit of guidance and some successful examples can be all the inspiration you need.
Fortunately, this book probably won’t leave you quitting your job the next day, but it will leave you full of ideas of all the things you could do and achieve if you were willing to step out of the box.
You can find out more about the ‘4-Hour Workweek’ by Tim Ferriss by clicking here.