Aug
14
Four Hour Work Week Book Summary
Filed Under Book Summaries |
Www.elance.com ‘personal assistants’ or ‘virtual assistants’ - read client revieww $4
www.yourmaninindia.com $6.25 - 24/7
Vas with backup/
ymii - personal acct mgr, that routes tasks to most qualified individuals
never use a new hire , prohibit small operation vas directing my work to untested freelancers without my written permission
rules to minimize damage: never use debit cards for online transactions
create new login for websites for va to use
ask them to use it everywhere
www.myevents.com
excellent en,sentences should be clear to grade two person
ask vas to confirm understanding before getting started
use small groups, break tasks in groups
set order of importance
interview by phone
1wk testing on ebay
purchase no prod in advance
The place you find gold is where no 1@ is looking for it
out of the chaos clarity emerges
develop load tolerance for ambiguity
everything of the interest takes place on the border between chaos and order
remain receptive to chaotic representations within the image stream
mind is a pattern making machine
you get more of what u reinforce
consciously set the dsirection, then let go of the need for conscious involvement
establish an area that i want improvement in
think in sensory terms what would i see feel when goal is accomplished
Separate income from time
free time and automate income
reality is negotiable
an expert is someone who made all the mistakes he could make in his narrow field
find a market b4 designing a product
remove yourself as a bottleneck, profits will increase 40 percent
methodically destroy all of your assumptions about what can and cannor be done
goals should define very distinct and based on lifestyle priorities
visit fourhourworkweek.com for tools to establish priorities
minimum effective load - do min necessary for maximum effect
civilization had too nmany rules fdor me, so i had to rewrite themeverything popular is wrong
prevent work for the work sake
inactivity is not a goal , doing what excites u is
not be boss or employee, but be the owner
make a lot of money with specific reasons and a dreams to chase
ensure payday comes every day, cashflow first, big payday second
pursue the dream without reverting to work for work sake
if you free up time and location, ur money is worth 3 to 10 times more
replace assumptions
once you say u will settle for second - that,s what happens to u in life
rul
challenge status quo but dont be stupid; different is better when its more effective or more fun
rules:
retirement is worst case scenario insurance
2. Intertest and energy are cyclical
have cake and eat cake
r mnth oiverseas ffor 2 months od eork projects
focus on being productive, not busy
timing is never right
if you want to do it eventually - just do it and correct your course along the way
ask for forgiveness, not permission
if potential damage is reversible - don’t give people a chance to say no
emphasize strengths, don’t fix weaknesses
too much of what you want becomes smth you don’t want
do what u want, not obligated to do
relative income is more important than absolute income
(calculate per hour not per year)
goal - abour 5000 per hour
qanda - questions and actions
ask: what would happen if i would do the opposite of ppl around me
name your fear, vanish it if you can
2more strikes like this and i am out of here
risks are not that scary once you took them
you can always pick up ur career where u would leave it
actions may not always bring hjappiness, but there is no happiness without action
most of ppl will choose unhappiness over uncertainty
what are the limitations of the business model? Sometimes it’s at peak and u cannot sell it
why don’t i decide what my nightmare is, the worst thing that could happen as the result of my trip
conquering fear = defining feae
you have comfort, u don’t have luxury
define your nightmare
what steps you need to get life under control
what are the benefits of more probable scenarios
if u r fired, what would u do to get things under financial control?
What r u putting off out of fear
what we most fear doing is what we need to do the most
define worst case, accept it and do it
person’s success in life is measured by the number of uncomfortable conversations he or she is willing to have
don’t only measure cost of action, also measure cost of inaction
the reasonable man tries to adapt to the world, the unreasonable persists on adapting world to himself, therefore all progress depends on an unreasonable man
d - definition
level of competition is fiercest for the reasonable and realistic goals
making them the most time and energy consuming
there is less competition for big goals
ask:
what do u want?
chdefiange to - what would excite me? Add - adventure deficit disorder
make goal eg. I want to make 1k per day
automated source of cashflow
- define alternate activities to ‘what do i want’
worst case - accepting terminal boredom as status quo
boredom is the enemy, not some abstract failure
how to correct course?: get unrealistic
dreamlining - apply time to dreams
1. Goals shift from ambiguous wants to defined steps
2. Goals have to be unrealistic to be effective
being should be replaced with doing
perfection it’s not when there is no more to add, but when there’s no more to take away
being busy is the way to avoid few critica purpose clearly 84 each book, affirm after
few mins of break between the books
if
info later on will be activated spontaneously in various ciontexts
brain is encoded with info to generate new behaviors according to the needs
activation:
i am entering high
feel a wave@of relaxation, recall memory of a good feeling
focus awareness within, enter the learning state
here i have access to creativity, perceptual ability,and i am in contact with abundant resources of my mind and body, imagine that u perceive yourself on a timeline
with the line representing where i have come from and where i am going
past is to the left or behind, and future in opposite direction
imagine present moment,float gently over the timeline slightly above it,see the life in perspective far below, imagine past events leading up to the present moment of life, and extending the other way is the future - bright and full of possibilities
float to the future when
Listen to our feelings about our thoughts
Hr, sales,web comments,
do not use ur home address or u will get visitors
get used to acting outside the box
by working 8 hrs a day u may become a boss and work 12 hrs a day
goal - unrestricted mobility
separate activitied from a single environment
make mistakes of ambition, but not mistakes of slop
pride is stupid. Being able to quit things is being a winner
don’t confuse complex with the difficult - many things are simple, they are just emotionally difficult to act upon, you wont be worse off
love is like an ozon layer - u never miss it till its gone
several mankind phobias:
quitting is permanent
i wont be able tto paty the bills
how long could u survive with all the current assets/resources?
Few things are fatal, especially for smart people
simple advice for success: double ur rate of failure
2 types of mistakes: mistakes of ambition and mistakes of slop, when we decide not to do smth because of fear
consequences of bad decisions do not get better with age
only those who are asleep do not male mistakes
person who has more options has more power
simple wilingness to improvise in the long time is more vital thanresearch
there is more to life than increasing its speed
not see the world, but experience it
mini-retirement = recurring
fortune favours the bold
it takes 2-3 months to fully unplug urself from the routine
learn to slow down,get lost intentionally
luxury is limited by ur creativity and familiarity with ur locale
Find a person who can give 1000 word summary of one of business
Capital isn’t so important in business, experience isn’t - you can get both of these, ideas are
abc, if you don’t have faith, borrow mine!
Having best players is not enough, having best players in the right places(strength zones) is
Brickwork - only business, or Ymii - both business and personal
becoming nr is not about working smarter, it is about building a system to replace urself
va 1 - assign personal tasks
2 - business tasks that do not include financial info or identify ur company
review is required to prevent abuse of power
automation applied to efficient operations will magnify the efficiency
automation applied to inefficient opswill magnify inefficiency - bill gates
unless smth is defined and is important - no one should do it
never delegate smth that can be automated
eliminate before u delegatye
rule 1
refine rules and processes b4 adding ppl
2 each task delegated muist be time consuming and well defined
3 have someone in india send emails to ur friends as ur personal consierge to set lunch dates
find out costs, blueprints,
web research
scheduling meetings, appointments, online purchases, website maintenance content upload
monitoring, editing and publishing comments for online discussions, proofreading, document reation, online research for updating blogs, maintaining db for crm sw, recruitment mgt, upd invoices
voicemail transcription
bworks - market research, financial research, busoness plans, trend analysis, market assessment reports, preparing presentations, reports and newsletters,legal research, analytics, website development, seo, credit scoring, procurement processes
ymii reminders/wakeup,find jobs
reminding to collect parking fines
sending flowers to spouses of clients
ordering groceries based on specific diet plan
getting a job, finding parking in target city before trip,
keep pace with what client wants to read
4-15 per hr
metric - cost per completed task, not cost per hr
set hour cap
credibility indicator
www.contactanycelebrity.com
become an astute observer of what is already working and adopt it
www.domainsinseconds.com
dont assemble architecrture of strangers
fewer options = more revenue
Bill gates co-founder of ms: the vision is really about empowering workers, giving them all of the information about what is going on so they can do a lot more then they have done inthe past
as much of access to info and as much of decision making power as possible
goal is to grant
have@ a scalable model
people are smarter than u think, give them a chance to prove themselves
ask ‘is that reasonable?’
do not
relisten 26
profit is only profitable to the extent u can use it
the world is flat
brickwork - remote exec assistance
web research
ymii - pay bills, online shopping
have ppl work for u while u sleep
the future is here, it’s just not widely distributed yet
Best defense is good offence
More customers = more housekeeping, but not necessarily more revenue
min numb of cust and min housekeeping is the goal
apply 80 20 to
customers / sales
advertising - identify commonalities and isolate - use radio and television but not newspapers and magazines with long lead time
online affiliates and partners
being busy is a form of laziness
lack of time = lack of priorities
enough of caffeine to get entire olympics team disqualified
end product of shorter deadline is of equal or higher quality
by greater focus
approaches. 1 limit tasks to important 80 20
2 limit time to limit tasks to important
combine: identify few critical taskks that cont most to income and schedule them with short and very clear deadlines - parkinsons law
time is wasted in proportion to the amount that is available
low information diet
three times a day at scheduled times ask: am i being productive or just active? Am i inventing things to do to avoid important?
Demonstrate results vs showing dedication
key to having more time is doing less
define a short to do list and define not to do list
if u had heart attack and had to work two hours a day, wha t would u do?
If u had second heart attack and had to work 2 hrs per week, what would u do?
Remove 4/5th of activities, wht would u do to keep negative income to a minimum
always arrive to office with clear list of priorities
there should be no more than 2 missioncritical items for each day
if there are multiple items, ask - if this is the only item i would accomplish today, will I be satisfied?
Set post it note - r u inventing things to do to avoid important
do not multitask - it is a symptom of task creep
shorten schedules to impossibly short to focus on important - parkinsons law
leave at 4pm
minimize number of items in todo list
stop asking for opinions and start
proposing solutions
stop back and forth and make a decision
Use ‘can i make a suggestion’ or ‘let’s try… And then try smth else if it doesn’t work’
cultivate selective ignorance
wealth of information creates a poverty of attention
i don’t respond to emergencies, so emergencies don’t exist or dont come to me - they disappear as you remove yourself as the information bottleneck and empower others
there are many things a wise man wants to be ignorant about
e.g. unactionable’ interruptions
st1 develop low info diet, ensure that the right amount of information is from right sources
increased output necessitates decreased input
info: negative, irrelevant to ur goals, outside of ur influence
read autobio books ‘how i did it’
read sections with immediate next steps
develop template email and call script
pxmethod.com
no web suurfing unless itis necessary to complete tasks for that day
will i use info for smth immediate and important? If no, don’t consume it
practice art of non finishing
get 2 numbers
in school, make a long list of questions and bother TA for 3 hours so he thinks next time before giving me bad mark
learn to be difficult when counts
make bothering me more painful than leaving me in peace
meetings should be held only to find a solution to a pre defined situation
batches ege email to avoid switching costs
goal grant as much of authority, information and independent decision making as possible
to improve is to change; to be perfect is to change often
Be more growth oriented, than goal oriented
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