Wednesday, September 19, 2007

4 Hour Work Week of Tim Ferriss

Previously, I posted about chasing a thousand rabbit holes, when I spent almost 24 hours on the Internet jumping from one interesting topic and website to another. Whatever I said about it, it was simply about information overload, a sickness best articulated and obliterated by Tim Ferriss's "low information diet", one of the many invaluable concepts from his book "4 Hour Work Week".

Tim is unbelievably successful at such a young age (30, a year older than me). He has the very profitable BrainQuicken company, he travels around the world regularly, he is a Kickboxing champion, his book is a bestseller and on and on...

To save time I'll bullet point some of his most important ideas as I understand them:

DEAL
Define - what you want to achieve, your dreams and where you are right now
Eliminate - non-essentials, things that waste your time.
Automate - processes for your business and personal life. Delegate.
Liberate - yourself from your comfort zones and from physical, environmental limitations

ON TIME MANAGEMENT and PRODUCTIVITY
Refuse unimportant information. Read only what you need to read and act on immediately.

Combine Pareto's 80/20 principle and Parkinson's Law:
a. limit tasks to important to shorten work time
b. shorten work time to limit tasks to the important

Multi-tasking is stupid. Do one thing at a time with full focus.

GET OUT OF YOUR COMFORT ZONES
Identify and do the things you avoid, most probably they are the things you have to face and learn. For me they are talking to strangers, studying accounting and finance, etc. Act outside the box.

DREAM BIG, IT'S MORE REALISTIC
Goals that are seemingly "impossible" have more power to inspire you to move and act on than goals that are "achievable, feasible".

Read More......

The Blog of Author Tim Ferriss

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