Updated: Oct 8, 2021
Hello everyone, and welcome to the circle of Sharath Bangera blogs, readinghabit.net! I hope everything in your life is going well for you. I have been a vivid reader for a very long time, which led me to join the group of online books bloggers in India. During this time I chose to go through the best selections for the enthusiastic readers and started my own review line known as, online book review by Sharath Bangera. I've returned with a new book. THE 4-HOUR WORK WEEK is the title of Timothy Ferriss' book. According to me, this book is a good addition for self-motivationalbooks to read in India. Let's start with the author's description.
Author's description: Tim Ferriss is an American businessman, who even runs his podcast and is an author. He has written many books. My favourite book was The Tools of Titans: Best Motivation & Marketing book which is a collection of his podcasts. It's a must-read, in my opinion. The four-hour workweek is a series of four-hour.
The first you will learn in the book is the concept of NEW RICH. According to Time Ferriss, the NEW RICH are those who reject the deferred-life plan in favour of creating luxurious lifestyles in the present using the NEW RICH currency: Time and mobility He stated that if you have two things, time and mobility, you can live the life you want. But how can we live the life that he split this work into four sections, D.E.A. L
D stands for definition.
E stands for Elimination.
A stands for automation.
L stands for Liberation.
8 things I learned from the definition are
1) Less is not laziness: Doing less meaningless work, so that you can focus on things of greater personal importance, is not laziness. I can tell in one word that it is focused on being productive rather than busy.
2) The timing is never right: The best point we hold when we want to do something we like, whether it's to start a business, or practice our hobby, or change our career. Stop saying, just act on your idea. That's it. The best quote I like in this point is that " Conditions are never perfect. "Someday" is a disease that will take your dreams to the grave with you.
3) Ask for forgiveness, not permission: This is the most powerful chant I've ever heard. Just give it a shot in your life.
4) Emphasize strengths, Don't fix weaknesses: Don't waste time trying to improve your flaws; instead, focus on improving your strengths.
5) Things in Excess Become Their opposite: It is possible to have far too many nice things. Most desires and possessions take on the qualities of the opposite when they are in excess.
6) Money alone is not the solution: What do you want in your life? Do you want to work for money? That means more money. That will solve all your problems? Then read the rules Five things in excess become their opposites.
7) Relative income is more important than absolute income: Here the concept of the NEW RICH comes into place. It's called a freedom multiplier. Money is multiplied in practical value depending on the number of W's you control in your life: What do you do? When you do it, where you do it, and with whom you do it, by knowing the time and mobility.
8) Distress is Bad, Eustress is good: Distress is the type of harmful stress that damages us over time, whereas Eustress is that stretch zone where we're just stepping outside of our comfort zone but not in full-on panic mode. So Eustress helps you grow, but distress causes us to have a problem.
Second, you will learn from that Fear-setting & goal setting, which I feel is most important for us in life, says that it's fear that's stopping us from trying out new things, and I agree with him and he says that most of us would rather be unhappy than uncertain. He says that if you want to join the new rich, you should not ask what my goals are, but rather ask what excites me.
Nice quotes in this book say like this "The question you should be asking isn't," what do I want? or what are my goals? but " what would excite me"
I learned Four things in this part 1:
*Do what excites you
*Don't wait for the right time just start doing it
*Learn about remote working that fits in my business soon I will be trying this
Elimination: Effective Vs Efficient
Tim Ferriss say that Effectiveness is doing the things that get you closer to your goals while efficiency is performing a given task (whether important or not) in the most to effectiveness is the default mode of the universe.
Here are two things you have to keep in mind:
1) Doing something unimportant well does not make it important
2) Requiring a lot of time does not make a task important
What you do is infinitely more important than how you do it. Efficiency is still important, but it's useless if applied to the right things. I learned about the four laws of elimination.
1) Pareto principle: 80/20
2) Parkinson law
3) Low information diet
4) Art of Refusal
1) The Pareto Principle 80/20: The 80-20 rule, commonly known as the Pareto Principle, states that for every given occurrence, 20% of the causes (or inputs) result in 80% of the outcomes (or outputs). You will be able to eliminate the majority of your non-productive activities if you start following these suggestions.
For example, if you invest in stocks, you will discover that just two or three stocks must be providing you with an 80 per cent return. You may have ten clients, but just two of them are responsible for 80% of your sales and profits.
As a consequence, you could wonder, "What 20% of my sources are accountable for 80% of my problems and dissatisfaction?" alternatively which 20% of sources are providing me with 80% of my desired happiness?
Quotes:" Being busy is a form of laziness-Lazy thinking & indiscriminate action"
2) Parkinson's law: This rule states that the importance and complexity of the task will grow in proportion to the time allocated for completion. For example, last week's blog I completed 2 days before the deadline, so sometimes we have to give work important at the end of the deadline, then we can finish that work in a better way.
3) Low information diet: Stop consuming information that is not useful to you. For example, news or email, limit those things in your life.
4) Art of Refusal: In this section, we will learn how to ignore three things when we increase productivity.
Time waster: Limit your Email & notification or meeting or calls
Time consumers: Don't multitask your work.
Empowerment failure: Make rules & Rejust according to time
In the chapter Automation, Tim Ferriss says that you may start an internet business and work from home or outsource your labour. That is something I feel we can easily accomplish right now. He says that you can simply make ends meet by exporting your labour to small countries with cheaper salaries. As a result, you can achieve any goals you set for yourself.
Second, you will learn to find the muse: Here you will learn how to find a business that fits your lifestyle, a business that doesn't require too much of your time to run, but the key is to find a niche market and offer a service to that market, and then build systems and people so that you don't have to spend your own time delivering that service.
Quotes: "It is said that if everyone is your customer, then no one is your customer "
This is the final part of this book. Here we will learn about how one can apply this freedom in our job or business. This part has four chapters. This final part will clear up all your doubts about what might go wrong if you take these steps.
1) Disappearing Act
2) Beyond the Repair
4)Filling the void
1) Disappearing Act: Here you will learn how one employee can work from home while maintaining his new, prosperous life and delivering 100 per cent productivity. Here, Tim Ferriss wrote an excellent case study that you must read.
2) Beyond the repair: These are the kinds of questions you should be asking yourself if you want to live the NEW RICH life. What could possibly go wrong if you choose to live this way?
There is a Q&A at the end of each chapter that you must read; it will help you resolve your doubts and even provide some case studies.
3) Mini-Retirement: The best concept that I found in this book is that you take a month or two-month vacation every 6 months. Working for a few hours while being productive and maintaining your financial reality. You must read this chapter because there are so many case studies and points which will help you live this life. Now I have decided that once all is clear, I am going to try this mini-retirement thing, whatever happens in my life.
4) Filling the void: Nice line in this chapter "Frustration & doubts you're not alone" what are the question will come if you live this life.
Am I really doing this to be free & lead a better life or am I just lazy?
Did I quit the rat race because it's bad, or just because I couldn't hack it? Did I just cop-out?
Is this as good as it gets? Perhaps I was better off when I was following orders & ignorant of the possibilities. It was easier at least.
Am I really successful or just kidding myself.
This is a one-of-a-kind experience for me. This book had such an influence on me that I took about 15 days to read it. It offered me so many ideas, many of which were productive. This happens when you read a book. Such books can sometimes provide you with amazing ideas for your life. Read this book if you work from home, especially if you are an IT professional or an entrepreneur. Also, if you want to enjoy a life of fresh wealth without working from morning to evening, read it now. That's all I have to say about this book.
I hope this book blog has attracted your interest in reading this book. Please share your views with me in the comments section or on Instagram once you've finished reading this book. Finally, don't forget to like and share my blog with your friends and family, as well as tell them about Readinghabit.net. Share your feedback to get more content on books and review blogs online in India. Until the next motivating weekly blog, take care and be safe, and I'll see you in the next one.