Review: The 4-Hour Workweek (Part 1)
If you’re wondering why I’ve been so quiet lately, it’s partly because I’ve been working on PLRSiteBuilder. But it’s mainly because I had to move memwg.com to a different host, which took a few days to do properly. Everything seems to have gone well except for a couple of comments that were lost after the site was migrated but before the name servers (the computer servers that map memwg.com to a geeky numerical address) were updated. So, back to the fun. Today we start the week with a long-overdue book review.
The 4-Hour Workweek
I picked up a copy of Tim Ferriss’ book The 4-Hour Workweek in August while I was vacationing with my family in New York. We were visiting the Hamptons, actually, that famous enclave of the rich, which seems somehow appropriate, since the point of the book is to make enough money to escape the daily grind of work and give yourself lots of time to do the things you really want to do instead. But it’s not about becoming rich, at least not in the traditional sense.
The book starts with a discussion of what Tim refers to as the “New Rich”:
The New Rich are those who abandon the deferred-life plan and create luxury lifestyles in the present using the currency of the New Rich: time and mobility. This is an art and a science we will refer to as Lifestyle Design.
So in Tim’s parlance being “rich” isn’t about money, it’s about time. You only need enough money to do what interests you. Tim goes away for months at a time and stays in new places, learns new languages, generally has fun. Sounds pretty good, I must admit. But how do you get there?
DEAL: Definition, Elimination, Automation, Liberation
To become a member of the New Rich you must use the DEAL process. DEAL is an acronym for the four steps required to live the life of the New Rich:
- Definition is about understanding what being a member of the New Rich entails.
- Elimination is about ruthlessly eliminating useless, unecessary, and/or unwanted distractions in order to free up time.
- Automation is about making money on “autopilot”.
- Liberation is about getting away from your day job and living a truly mobile lifestyle.
It sounds simple enough, and I’m sure many AdSense publishers are interested in having the kind of lifestyle Tim has, but the devil’s in the details. So how does this really work? Stay tuned for Part 2…
Sponsored Link: Looking to quickly build good-looking, well-linked, AdSense-ready sites? Check out my PLRSiteBuilder tool.
Eric Giguere is the author of the AdSense book “Uncommon AdSense” and the award-nominated AdSense blog “Make Easy Money with Google and AdSense”. Subscribe to the blog and get free stuff!
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6 Responses to “Review: The 4-Hour Workweek (Part 1)”
[...] Eric Giguere Filed under adsense [...]
Waiting eagerly for part 2. Meanwhile I am going to take a refreshing dip into http://www.timferriss.com
[...] 4hww review in 2 parts This post talks about the New Rich, the DEAL and also has a ‘Part 2′ coming up at Review: The 4-Hour Workweek (Part 1) : Make Easy Money With Google And AdSense [...]
The 4 hour workweek is what got me into thinking about starting with Internet Marketing and building a business online. I think that this is the future of all business as it will connect people globally. Also, the sales of niche info products will explode in the coming years. That’s just my prediction due to the predicted increases of computers being sent around the world and decreases in broadband costs.
Can’t wait for my dsl service to go fiber optic. 16mb would be awesome.
Mike
I suspect that The 4-Hour Workweek is getting a lot of people thinking about IM because that’s exactly what Tim espouses: generate an income stream by creating and selling an infoproduct. But how many of those will actually do it?
Eric:
Ya, I agree. Millions have probably purchased and read his book, however I doubt even 1% will put anything learned into action. Fortunately, the market for info products is virtually unlimited and people are always searching for a way to eliminate or shortcut problems. I’m currently in the works for a ebook myself which is a cash cow niche — I’m excited to get it launched and starting to make real cash!