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The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (Expanded and Updated), by Timothy Ferriss
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Forget the old concepts of retirement and a deferred life plan. There is no need to wait and every reason not to, especially in unpredictable economic times. For living more and working less, this book is the blueprint.
This expanded and updated edition includes dozens of practical tips and case studies from readers, who have doubled their income, overcome common sticking points, and reinvented themselves using the original book. Also included are templates for eliminating email and negotiating with bosses and clients, how to apply lifestyle principles in unpredictable economic times, and the latest tools, tricks, and shortcuts for living like a diplomat or millionaire without being either.
- Sales Rank: #86861 in Books
- Published on: 2009-12-15
- Formats: Audiobook, Unabridged
- Original language: English
- Number of items: 11
- Dimensions: 5.84" h x 1.45" w x 5.16" l, .66 pounds
- Running time: 46800 seconds
- Binding: Audio CD
- 11 pages
Review
Tim is Indiana Jones for the digital age….Simply put, do what he says and you can live like a millionaire. --Albert Pope, Derivatives Trading, UBS World Headquarters
Stunning and amazing….Whether you're a wage slave or a Fortune 500 CEO, this book will change your life. --Phil Town, #1 New York Times bestselling author of Rule #1
About the Author
TIM FERRISS received his B.A. degree from Princeton University in 2000. Nominated as one of Fast Company 's 'Most Innovative Business People of 2007', he runs a multinational firm from wireless locations worldwide and is a regular lecturer at Princeton University, where he presents entrepreneurship as a tool for ideal lifestyle design and world change.
Most helpful customer reviews
76 of 79 people found the following review helpful.
He claims his methods can be applied universally, but I'm not so sure.
By bookwormthemillionth
I had heard a lot of people rave about this book before I finally picked it up and decided to read it for myself. I'm glad that I read it, but I don't think it was quite as life-changing for me as it was for some of my friends. Don't get me wrong, Ferriss makes some excellent points and he's got some really great tips and tricks in here, I'm just not sure how universal they really are.
First of all, when I picked up the book, I didn't expect that he was literally working only four hours a week. I thought he was just talking about ways to spend less time working, but that "The 4-Hour" just sounded good (since he now has a whole line of books with titles that start that way). Nope. Turns out he really only worked four hours every week for a few years. I hate him. Now, with his series of books and everything, that's not true so much, so I hate him less. Now his job is much more similar to what I actually want to do.
As I said, Ferriss has some great ways of eliminating clutter and busywork, including things you don't even think of as busywork. I've already started implementing some of these tips at work, and they've come in pretty handy so far. I keep meaning to get rid of a bunch of my physical clutter, but my laziness keeps getting in the way of that. I'll get around to it in the next few weeks.
I also appreciated his philosophy of taking mini-retirements throughout life, rather than one long retirement at the end of life. I never did understand the point of retirement, so Ferriss's plan sounds much more appealing to me. As he put it, retirement should be nothing more than a fail-safe in case something happens and you are physically (or mentally) incapable of working. My thoughts exactly.
My main problem with his philosophy is that it really only works if you have a product that you are not actually making, but that you can sell. For example, even if I were to quit my day job and write all day every day, I would still be working a lot. Granted, that would make my job a whole lot more portable, but I could never get away with only working four hours per week (at least not until after I sell that bestselling novel, which is such a realistic plan!) In order to do it his way, I would need to have something that is already produced, or that someone else is making (clothes, dietary supplement, etc.) where all I have to do is collect the money that comes in from those sales.
Of course, that's a lot harder than it sounds. His ways of eliminating the useless from his life are really quite impressive, and not to be underestimated, but I still wonder if someone in their twenties, who is just starting out in life, can really make his plan work? Some of his success stories include people negotiating working remotely, because they have built up value in their company. Someone who has only been working at their current job for a year or two does not have the kind of leverage necessary to do that.
Additionally, he talks about the trick to getting out of your job so you can go have that great once-in-a-lifetime adventure. He mentions considering the worst-case scenario and the fact that worst-case is not necessarily all that bad. One of his points he brings up is that, if he loses his job, he can get another one fairly easily. Well, great for him, but the original book was written before the job market collapsed, followed by this lovely "jobless recovery". I was recently unemployed for eight months and it was not fun. I, too, thought I could get another job within a few months, but that did not turn out to be the case. So, if I go spend all my money on a mini-retirement now, and then come back only to find that I can't get a job for another year, I'll be screwed. Yes, even that worst-case scenario isn't that bad. I could always move back in with my parents, but I'd really rather not. I love them, but they have enough to deal with right now, and the last thing I want to do is burden the people around me because I decided to go globe-trotting for a few months. Timothy Ferriss told me it would be fine!
13 of 13 people found the following review helpful.
You might have to do some interpretation but ...
By Melanie Barnes
I saw a lot of reviews regarding the applicability of his advice. I will say that his tone is a pretty over the top (hence 4 and not 5 stars,) but he has some really great points. I mostly appreciate the point that you should aim to make enough money to live comfortably, doing the things that you love, and not necessarily just aim to make as much money as possible or work as hard as possible. Replace "sitting in a private jet flying over the Himalayas" with "sitting at my son's soccer game, cheering him on" or whatever it is that you want to do with your time, and his advice feels more applicable to everyone.
The concept of diversifying your income is a great one - you just have to make it your own. I first read this book several years ago, while I was still in the service, and realized that I had the possibility to apply his advice. I had bought a house, and decided I would pay it off as soon as I could so that when I transitioned out of the military it wouldn't be a liability. Instead, it's an income. It's paid off, and I rent it out. It's not enough to live on entirely, but that's not the point. It enables me to work part time and still pay my bills, while going to school for a career change. If I hadn't done that, I would have to work full time, which would leave me no time for relationships and other life-balancing things. It's not about making the big bucks, it's about making enough to enable the life you want to live. And that's a really cool idea.
4 of 4 people found the following review helpful.
Highly recommended.
By LYFT-RX
Wish I read this when I was in my early 20's but it's never too late. This book has given me a path to my lifestyle. Highly recommended.
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