September 2, 2010, 6:00 am

What I Learned From The 4-Hour Workweek

by: MD    Category: Uncategorized
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The book the 4-Hour Workweek (by Tim Ferriss) has been mentioned on this site before. It’s a book with polarizing view points. Some completely love it. Others think that it’s a complete scam. I guess you could say that I fall somewhere in the middle. There are parts of the book that completely changed the way I think. Then there are aspects of the book that just didn’t resonate with me. At the end of the day, I wanted to share what I learned from the 4-Hour Workweek book:

You can always outsource.

There are simply some tasks that are either really time consuming or we just don’t want to engage in. I learned from this book that outsourcing can be done at almost every level (even the dating world). You can outsource your email, mundane daily tasks, shopping, customer service, etc. The benefit to all of this outsourcing is that you have more time to focus on your business or to do whatever it is that you enjoy doing. Of course the flip side is that you lose money. This then leads to a vital calculation– how and what can you save by outsourcing out certain tasks.

Cut out time-sucks.

There are many activities in a typical day that do nothing more than just waste our time. Anything from a co-worker that goes on forever or a meaningless task that takes hours to complete. My favorite time-suck to cut out involved responding to pointless emails. Anyone that runs a site or has a fairly public email understands how it feels to receive dozens of useless emails. Instead of taking the time to respond to each email, they can either be: deleted, given a standard response, or completely filtered out. Email is just one of the many time-sucks that needs to be cut out. As bad as it made me feel initially, I’ve come to accept that I engage in many time-consuming activities on a typical day that I need to cut out. What time-suck are you working on cutting out of your schedule?

There’s stuff you can’t control.

I used to get overwhelmed with the excruciating minutiae of everyday life. Now I’ve learned to accept that there are many things in life that I simply just can’t control. I can’t control the news. I can’t control decisions made by higher powers. I can’t control what major corporations do. The book suggest that if you can’t act upon something then you should just let it be. Of course there are times where your power may seem minimal but you should still try. However, more often than not we often spend too much time worrying about stuff that we can’t control. We need to learn to let it go.

Time is highly valuable.

When we thinking about making lots of money, we often neglect the massive amounts of time involved. I have a friend that makes really good money. Unfortunately, he’s pretty much always working. He works two jobs and they consume the majority of his time. His bank account is nicely padded, but at what cost? Are you willing to give up all of your free time? I’m certainly not. After reading this book I’ve started to highly value my time. Time away from activities that bring me pleasure and from loved ones needs to be justified. I’m no longer willing to spend all of my time on work. There needs to be more to life.

What have you learned from the 4-Hour Workweek? Do you view the book as a scam or has it helped you out? Please share with us.

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Comments

[…] The Financial Blogger shares the insights he learned from the 4-hour workweek book. […]

The FHWW was a little hit and miss as a book, but the main point of it was absolutely spot on. When you’re deciding what to do with your time and money, challenging your own assumptions and testing is critical. Your point about time and what it’s worth was also a great takeaway.

The book 4-hour week is not a scam; it has really helped many!

What really struck a cord with me was the combination of pareto’s law with the parkingson’s law. Ultimate productivity.

I also loved everything about how time is much more valuable than anything else. You need books like that to remind you of what’s really important.

[…] you have read The Four Hour Work Week you probably remember Tim Ferris’ mini retirement. In his book, he suggested that we should enjoy […]

[…] What I Learned From The 4-Hour Workweek and Is a Four Hour Work Week Attainable? by The Financial Blogger. The Four-Hour Workweek is the fast-paced, dynamic, possibly breathless book by Timothy “Tim” Ferriss. It was the stuff that Internet-powered dreams were kindled with, but to people who want the realistic bottom line, it may need to be taken with a grain of salt. The Financial Blogger picks out and points out the good things he took away from the book. Check out the related links for the more sobering review of the bad parts. […]