The 4-Hour Workweek – Bookcast #15

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (2007) by Timothy Ferriss

Forget the old concept of retirement and the rest of the deferred-life plan – there is no need to wait and every reason not to, especially in unpredictable economic times. 

This step-by-step guide to luxury lifestyle design teaches:
• How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and just a few hours per day
• How blue-chip escape artists travel the world without quitting their jobs
• How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
• How to trade a long-haul career for short work bursts and frequent “mini-retirements”

Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint.

Read and listen to “The 4-Hour Workweek” on Amazon!

Want more great books? Check out our MUST READ LIST!


“The 4-Hour Workweek” Show Notes

0:00 – Intro to “The 4-Hour Workweek”

  • Tim Ferriss’s goal is to help you take advantage of 21st century technology, time-management skills and non-location-based business in order to design your life the way you want it
  • Intended audience: Anyone who wants more money/time/freedom, anyone who believes that “retirement” is the goal, anyone who wants to travel the world, anyone who wants to upgrade their life
  • Who won’t like it: People who don’t believe in “outside the box thinking,” people who are unwilling to become uncomfortable to get what they really want, people who refuse to learn new things

6:00 – How easy is the book to read?

  • Easy to read
  • Print: 416 pages (8-10 hours to read – but you’ll be re-reading & referencing)
  • Audio: 8 hours

6:30 – Reviews and significance of “The 4-Hour Workweek”

  • Book (2007): 7,764 reviews – 4.4 stars
  • Currently: 
    • #3 Amazon – Job Hunting & Career Guides
    • #18 Amazon – Business Motivation & Self-Improvement
    • #1 Amazon – Time Management
    • #615 out of ALL Amazon books (Over 32 Million)

9:45 – Bio of Tim Ferriss

  • Born Timothy Ferriss July 26, 1977 (42 Years old)
  • Grew up in East Hampton, New York 
  • Graduated from St. Paul’s School, Concord, New Hampshire – exclusive boarding high school, paid for by his grandparents ($60k+/year)
  • Started Princeton but by his senior year he was in a “very, very dark” place and even contemplated suicide
  • He took a year off from college to teach Japanese and then work odd jobs in China
  • He came back and received a degree in East Asian Studies from Princeton University in 2000
  • After graduation, Ferriss started his own sports nutrition company BrainQuicken
  • Has written five books, all NY Times bestsellers:
    • The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans, Tribe of Mentors 
  • His podcast, “The Tim Ferriss Show,” has over 500 million downloads
  • His blog has been ranked #1 on the Top 150 Management and Leadership Blogs on the internet
  • Tim has been an early investor/VC for over 50 businesses, including Uber, FB, Twitter, Alibaba, Shopify, Duolingo and others.
  • First American in history to hold a Guinness World Record in tango
  • First American to win a championship for Chinese kickboxing (1999)
  • Speaks 5 languages (German, Japanese, Mandarin Chinese, Spanish and English)
  • Horseback archer (yabusame) in Nikko, Japan
  • Is a strong proponent for the medical use of psychedelic drugs for mood disorders and PTSD. Since 2016, Ferriss has donated over $2,000,000 for clinical research into psychedelics for John Hopkins University, the Imperial College in London and other schools.

12:00 – Major Themes of the Book

  • First you must reconfigure your assumptions and beliefs
    • Always ask “Why? Why? Why?”
  • Do what you fear most
    • Get comfortable with discomfort.
  • Think big, aim high
  • Money is the means, Freedom is the end.

DEAL

  • Define” what you want – motivation requires motive
    • ‘Dreamline’ excitement into your life.
      • What do you REALLY want?
    • “What is the meaning of life?” is a useless question (undefinable, can’t be answered)
      • Instead ask “What gets me EXCITED?”
  • Eliminate” all but the non-critical to create time and space.
    • Be effective AND efficient.
    • Do more of the right things.
    • Do less of the unimportant things.
  • Automate” whatever is left
    • Hire a virtual assistant.
    • Create an an automated income stream.
  • Finally, “Liberate” yourself physically and mentally
    • Escape from the office
    • Retire now (the art of mini-retirements)

17:30 – Jay’s Perspectives

  • What did you like best about The 4-Hour Workweek? 
    • Destroys so many barriers in my mind about what I can have. Hundreds of techniques to do more with less, travel, explore and experience. Plus all the great stories of readers using his techniques and transforming their lives.
  • Share a favorite quote (maybe 2). Why did this quote(s) stand out?
    • “What we fear doing most is usually what we most need to do.”
    • “The opposite of love is indifference, and the opposite of happiness is – here’s the clincher – boredom….Excitement is the more practical synonym for happiness, and it is precisely what you should strive to chase. It is the cure-all.”
  • What did you learn from this book / How did this book change you?
    • It’s only been 48 hours since I’ve read it but I’m already different. I’m excited about traveling the world. I’m ready to start an automated business. I’m ready to forget retirement and become one of what Ferriss calls the “New Rich”
  • What did you like least (critique)?
    • Ferriss is generally – but not 100% – ethical.
  • What question(s) would you ask the author?
    • What are you most afraid of right now…and what are you doing to overcome that fear?
  • Any other related/connected books that you’d recommend to others?

24:00 – Matt’s Perspectives

  • What did you like best about this book? 
    • I love how Ferriss focuses on helping people adjust their goals from achieving “money” to achieving “what you want” and using money to get that. The goal is NOT money.
  • Share a favorite quote (maybe 2). Why did this quote(s) stand out?
    • “What you DON’T do determines what you CAN do.”
  • What did you learn from this book / How did this book change you?
    • The value of batching and productivity
  • What did you like least? (critique)
    • The title is a little disingenuous
  • What question(s) would you ask the author?
    • What got him into Chinese kickboxing?
  • Any other related/connected books that you’d recommend to others?

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