Book Review: The 4-Hour Work Week by Tim Ferriss

I finished reading the 4-Hour Work Week by Tim Ferriss last night. I enjoyed reading the book and it has left me with plenty to do and think about. I finished the book in only a few days which is rare for me and shows (for me anyway) a) how easy to read it and b) how interesting and valuable I found the content.

Broadly speaking, the first half of the book (although not prescriptively) focuses on productivity. On reading the book you see that Ferriss is very consistent in his message with the key notes, talks and clips there are on YouTube. He looks at the 80/20 principle (Pareto Efficiency – 20% of input produces 80% of output) and Parkinson’s Law (the theory that tasks will expand to fill the time allowed). Ferriss’s style and explanations make the subject matter clear, it is easy to apply and is concise though not basic. Much of the items discussed in this part of the book (and you will have heard some of the principles) make you think “Yes, you are right – why aren’t I doing that now!” There are similarities in some of his points with Covey’s 7 Habits – such as beginning with the end in mind.

The rest of the book broadly deals with creating more time for yourself. Ferris is known for making people aware of the concept of ‘Personal Outsourcing’. [You will see from my other posts that this is an area I am currently experimenting with and I found out about this fascinating area of lifestyle management through Ferriss's blog and other sources quoting his approach.]

There is a useful but moderately mind-blowing section on ‘income automation’. It all sounds so easy and yet so hard at the same time. I think this is the section I will re-read to get a grip of (not because I didn’t understand it, but because I want to use it). Ferriss also reveals the business model he has used for this; fascinating for a past Business Student such as myself, but by no means a boring text book explanation. Whether I will be able to do this myself remains to be seen, but I am certainly not going to knock the approach until I’ve tried it.
The ‘mini-retirement’ ideas are truly inspiring. However, the steps to release yourself from your current job, though well argued and valid, are made to seem easier than I believe they would be for many people. Without giving too much away here, I could work at home more as I am able to create that flexibility in my job but I have an operation and service level role that would very quickly expose me if I was doing it secretly from the other side of the world. However, Ferris does argue his points well, and his direct but not dismissive approach outlines the common pitfalls, excuses etc. A constant message throughout the book is that we are all accountable to rules that ultimately we are able to control ourselves.
There are a number of life lessons and observations that again are well conveyed. I particularly like the brief note on ‘Decluttering’ which again, far from being prescriptive, is well justified and suitably concise.
The narrative style of Ferriss is direct but rather than Ferriss saying “Do this or you are stupid” his concepts make you think “Why am I being stupid and not doing this”. The book is well written using plenty of case studies, examples and quotes to get the clear message across.

In conclusion, Ferris has an interesting perspective on areas of our lives that have a major impact on our lifestyles. Whilst you may not apply all of concepts to the letter, you can easily select those elements that will bring you the most benefit in your personal lifestyle. Remember that you are the master of your own destiny and this book offers you suggestions and tools to help – ultimately their application is up to you.
As a final note I’d like to address the title “The 4-Hour Work Week”. Ferris did market research to work out the title for his book that would sell the most copies. A 4-Hour work week is a very attractive goal, but perhaps an more extreme example or goal for most people.

Highly Recommended.

My Personal Outsourcing Experiment: TASK I

This your kind of thing? Please think about subscribing via RSS or eMail (it’s free). Thanks for taking the time to visit! Chris

I’ve had a Virtual Assistant for a month now. It is very much an experiment I am a trying, partly for fun and partly because I want to free up some time. After my usual copious amounts of web research, I decided to sign up with getfriday.com. I had read several reviews and heard mixed results. They seemed like a mainstream option so I though they would be a good place to try. Their team organisational structure makes sense too.

One thing that I did notice on my web research prior to setting up my account it that aside from the 4HWW and thenewlyrich blog, there aren’t many examples – so I thought I’d record my own.

Task One: Prague Trip

Reason for Outsourcing: I would consider myself an expert in web research. However, it is time consuming and I wanted to a) find out how good my VA would be at it and b) how happy I would be to have someone else do something I could do myself (remember the aim here is to free up my time).

INSTRUCTIONS:

Hi Joseph,

Hope you are OK.

I’ve got my first task for you:

My friend is taking his new girlfriend on a surprise trip to Prague in the Czech republic. I went in November with Sarah (my girlfriend).

I want to put him a quick overview of some recommendations of where to stay, what to do and tips.

Can you do some research on the internet and put together an email for me of traveller tips, I will then add to this with my own tip (it will be interesting to see what I missed when I was there!)

Some particular areas to look at:

- Recommend 3 hotels to stay in for the price range £70-120 GBP per night (Old town or close to it would be best) – look on the ‘tripadvisor’ website, and check out UK booking sites such as expedia and laterooms websites.
- Recommend 5 good restaurants to eat at and provide location and contact details
- Recommend 5 sites to see, provide location details and tips
- They are going the last weekend of May for 3 nights

All the above (and any other nice bits you find) should be presented back in a way that I can send to my friend via email.

Could you spend a couple of hours on this and I’ll see what you come back with. I also have a few extra things to look at, but I see what the initial response from you is.

Any questions just drop me a line.

I am working at home tomorrow so feel free to call anytime so we can get to speak to each other.

Also whilst I was in Prague I kept a diary. I haven’t had chance to type it up – if I was to scan and send it could it be typed up in a word document for me?

Cheers,

Chris

RESULTS:

What I received in return for this was a word document with 10 sites to visit. It had the obvious stuff on but with photos and a brief description. I’d give him 7/10 for this.

I also received an excel spreadsheet with hotel details in. I’d give 5/10 for this. Whilst it did give me a list of hotels, it wouldn’t have made my hotel selection a quick and easy task.

SUMMARY:

I think that this indicates that my VA will be able to do web research for me to a reasonable standard. The next task I want to have an element of phone work in it to see how the verbal communication fairs.

Password Security Tip

How secure are your passwords really?

Here’s a great quick tip.

Add the name of the site to your password, so your password is unique to every site you use, but still easy to remember.

For example:

If your favourite password is your pet’s name i.e. rover

For amazon “amarover”

For yahoo use “yahrover”

Remember to make your password’s more secure buy using a mix of upper and lower case, symbols, numbers and letters.

Test how secure your passwords are here: Microsoft Password Security Checker

Welcome to the.lifestyle.project

The lifestyle project is my experiment in the Project that is the lifestyle that I lead, and how I seek to improve the quality of that lifestyle.

- GTD
- ZenHabits
- 4HWW
- The 7 Habits
- Stress Reduction
- Web 2.0 and Beyond
- Personal Goals and Mission Statement
- Technology
- Health and Fitness
- Blogging
- Personal Outsourcing
- Life Hacks

This is my blog to express my quest to do more by doing less (but probably doing more and having fun with it.)