The New Rich, he writes, "negotiates a remote work agreement to achieve 90% of the results in one-tenth of the time, which frees him to practice cross-country skiing and take road trips with his family two weeks per month. Furthermore, the New Rich ask for forgiveness, not permission.
Interestingly enough, the 80/20 principle also applies to this book. Twenty percent of the book contains 80% of the good ideas. There are already a lot of businesses this can be done with. The other idea is not to wait to live your life or take vacations and do what you want. One of the most universal causes of self-doubt and depression: Trying to impress people you don't like (this one really hit home with me, hard). I should not invest in public stocks where I cannot influence outcome (Another hearty agreement from me).
This material is only loosely connected to the rest of the book anyway. Best bet: skim the book and pull out the bits and pieces that apply to your situation. Unfortunately, it's drowned out by the piles of bad and useless advice that pervade much of the book. But let's start with the good.
It became the calling of Ferriss, at least, through a crafty scheme of pulling in profits from online nutritional supplement sales and outsourcing to grossly underpaid Indian virtual assistants such tiresome tasks as communicating with a significant other. Where Ferriss's concept most obviously breaks down is in the aggregate: society would collapse if everyone who bought this book successfully implemented his scheme, because its very lifeblood is the slew of suckers who actually work. That said, the other ideas Ferriss proposes - and, more importantly, the impact on your life he argues those ideas will have - are certainly thought-provoking and more than a little inspirational. I defy the thoughtful reader to give this book serious attention and not end up giving your own professional and lifestyle decisions some second thoughts.
I don't think it can work for most people, but maybe you can get lucky like the author did, and then you will have time to do what you want. Is this really something to be proud of" If you want to ease up on the pace then work on making your life easier by pushing back on work, automating and devoting more time to what's really important to you. The one central point was correct, make enough to do what you think is really important and don't worry the rest.
Instead, he starts with the premise that regular jobs are bad and instead you should start an online company that sells anything that will make money and then outsource every function so that you, as the owner, will not have to do anything. If you are as smart and well-prepared as Mr Ferris, there is money to be made using his strategy. Finally, I know there is a lot of criticism about his ideas on outsourcing tasks, but we live in an outsourced world. The shirt you're wearing was made in Indonesia, your fruits and vegetables were picked by migrant workers from Mexico, and your computer that you're reading this from right now was manufactured in China. This book explores a lot of ways for you to simplify your life and get work done with as soon as possible so you can get on to other things. Timothy Ferriss is NOT saying that you can work 4 hours a week starting tomorrow. Now the toy was a "tickle me Elmo" and it was apparently a much in demand product. The assistant could only find a "Chicken Dance Elmo" and ordered it. Many though have the faint or not so faint aroma of topics covered more thoroughly and originally elsewhere. Marcus Buckingham in Now Discover Your Strengths covers the topic of building on what you do well rather than the remediation of your weaknesses.
Interestingly enough, the 80/20 principle also applies to this book. Twenty percent of the book contains 80% of the good ideas. There are already a lot of businesses this can be done with. The other idea is not to wait to live your life or take vacations and do what you want. One of the most universal causes of self-doubt and depression: Trying to impress people you don't like (this one really hit home with me, hard). I should not invest in public stocks where I cannot influence outcome (Another hearty agreement from me).
This material is only loosely connected to the rest of the book anyway. Best bet: skim the book and pull out the bits and pieces that apply to your situation. Unfortunately, it's drowned out by the piles of bad and useless advice that pervade much of the book. But let's start with the good.
It became the calling of Ferriss, at least, through a crafty scheme of pulling in profits from online nutritional supplement sales and outsourcing to grossly underpaid Indian virtual assistants such tiresome tasks as communicating with a significant other. Where Ferriss's concept most obviously breaks down is in the aggregate: society would collapse if everyone who bought this book successfully implemented his scheme, because its very lifeblood is the slew of suckers who actually work. That said, the other ideas Ferriss proposes - and, more importantly, the impact on your life he argues those ideas will have - are certainly thought-provoking and more than a little inspirational. I defy the thoughtful reader to give this book serious attention and not end up giving your own professional and lifestyle decisions some second thoughts.
I don't think it can work for most people, but maybe you can get lucky like the author did, and then you will have time to do what you want. Is this really something to be proud of" If you want to ease up on the pace then work on making your life easier by pushing back on work, automating and devoting more time to what's really important to you. The one central point was correct, make enough to do what you think is really important and don't worry the rest.
Instead, he starts with the premise that regular jobs are bad and instead you should start an online company that sells anything that will make money and then outsource every function so that you, as the owner, will not have to do anything. If you are as smart and well-prepared as Mr Ferris, there is money to be made using his strategy. Finally, I know there is a lot of criticism about his ideas on outsourcing tasks, but we live in an outsourced world. The shirt you're wearing was made in Indonesia, your fruits and vegetables were picked by migrant workers from Mexico, and your computer that you're reading this from right now was manufactured in China. This book explores a lot of ways for you to simplify your life and get work done with as soon as possible so you can get on to other things. Timothy Ferriss is NOT saying that you can work 4 hours a week starting tomorrow. Now the toy was a "tickle me Elmo" and it was apparently a much in demand product. The assistant could only find a "Chicken Dance Elmo" and ordered it. Many though have the faint or not so faint aroma of topics covered more thoroughly and originally elsewhere. Marcus Buckingham in Now Discover Your Strengths covers the topic of building on what you do well rather than the remediation of your weaknesses.
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Lastly, and perhaps most believably, Ferriss addresses what to do when one becomes part of the New Rich, only to find that "emptiness and boredom" await them. Fast Scanner.
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