The 4 Hour Work Week: (Ultra Condensed Cliffnotes #37)

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich Tim Ferris notes by Kingston S Lim

Below are my personal notes of The 4 Hour Work Week. These highlights were what I used to write my personal development book, Wiser Next Week, a condensation of many different self improvement books.

Note this is the last entry in the Ultra Condensed Condensed Cliffnotes Series.

Entrepreneurship: shifting economic resources from an area of lower yield to higher yield

  • Finding a market before designing it is smarter than the reverse
  • The truth is most people prefer unhappiness over uncertainty, as uncertainty entails unlimited potential pain vs the fixed amount of pain in unhappiness
  • Those that avoid quitting their job tell themselves that their course will improve overtime. Pure hell forces action, anything less can be endured with rationalization   
  • Ask yourself: Are you better off than you were a year ago?  If not, you must be a catalyst for change
  • Worst case scenario is not failing, but accepting mediocrity       
  • Think of money as monthly cash flow rather than a grand total. This unlocks the mindset of living how you want to live, rather than deferring life to achieve a lump sum. 
    • Determining How Much Cash Flow You Need:
  1. Create a want list for 6 months and 12 months out
  2. Circle the 4 most important ones that will bring you the most happiness
  3. Determine its monthly cost
  4. Multiply the sum by 1.3, this is your monthly required income
  5. Define how you will earn that income
  • Elimination:
    • What you do is infinitely more important than how you do it
    • Pareto’s Law: 80% of outputs result from 20% of inputs
      • Which 20% of activities bring me 80% of my problems and concerns?
      • Which 20% of actions lead to 80% of my happiness?
      • Focus on the latter and forget the former
  • Most activities make no difference. Being busy is a form of laziness, lazy thinking and indiscriminate action
  • Parkinson’s Law: Tasks expand or shrink to the time allotted to them, if you want more done in less time, decrease the alloted time
  • Increased productivity is::
    • Limiting tasks to the most important to decrease time spent (Pareto’s)
    • Shorten work time to limit task to the important (Parkinson’s)
      • In other words, identify a few critical tasks (the One Thing, and schedule them with a tight deadline
  • Ask: If this is the one thing I accomplish today, will I be satisfied?
  • Ask if it sounds reasonable, it’s hard for people to label it unreasonable          
  • Delegate only what remains after eliminating inefficiencies                     
  • “Make mistakes of ambition and not mistakes of sloth. Develop the strength to do bold things, not the strength to suffer.” Niccolo Machiavelli
  • Raising children: each child is given a virtual amount of cash for every hour of good behavior. The same amount is subtracted for breaking the rules. All goodies are purchased from that account, no balance, no goodies.                                                        
  • Differentiate between results driven activities (exercise) characterized by routine, and enjoyment driven activities (recreations, travel) characterized by variation.    

If these brief notes peaked your interest in The 4 Hour Work Week, you can check it out on Amazon here.

And be sure to check out my book, Wiser Next Week.

All Previous Entries:

The Magic of Thinking Big: Ultra Condensed Cliff Notes #1

Millionaire Fastlane: Ultra Condensed Cliff Notes #2

The 7 Habits of Highly Effective People: Ultra Condensed Cliffnotes #3

30 Lessons for Living: Tried & True Advice from the Wisest Americans: Ultra Condensed Cliff Notes #4

Awaken the Giant Within: Ultra Condensed Cliff Notes #5

The End of Jobs: Ultra Condensed Cliffnotes #6

Slipstream Time Hacking: Ultra Condensed Cliffnotes #7

Think and Grow Rich: Ultra Condensed Cliffnotes #8

Influence: The Psychology of Persuasion: Ultra Condensed Cliffnotes #9

Mindset: The New Psychology of Success: Ultra Condensed Cliffnotes #10

The Obstacle is the Way: Ultra Condensed Cliffnotes #11

Meditations: Ultra Condensed Cliffnotes #12

Why Loyalty Matters: Ultra Condensed Cliffnotes #13

Walden: Ultra Condensed Cliffnotes #14

Self Reliance and Other Essays: Ultra Condensed Cliffnotes #15

Relentless: From Good to Great to Unstoppable: Ultra Condensed Cliffnotes #16

Letters From A Stoic: Ultra Condensed Cliffnotes #17

On the Shortness of Life: Ultra Condensed Cliffnotes #18

Principles Life & Work: Ultra Condensed Cliffnotes #19

As A Man Thinketh: Ultra Condensed Cliffnotes #20

Getting to Yes: Negotiating Agreements without Giving In (Ultra Condensed Cliffnotes #21)

The 5 Elements of Effective Thinking: (Ultra Condensed Cliffnotes #22)

Man’s Search for Meaning: (Ultra Condensed Cliffnotes #23)

Mini Habits: Smaller Habits, Bigger Results: (Ultra Condensed Cliffnotes #24)

Unlimited Memory: (Ultra Condensed Cliffnotes #25)

The One Thing: (Ultra Condensed Cliffnotes #26)

You Are Not Your Brain: The 4 Step Solution for Changing Bad Habits: (Ultra Condensed Cliffnotes #27)

How to Lead When You’re Not In Charge: (Ultra Condensed Cliffnotes #28)

Psycho-Cybernetics: (Ultra Condensed Cliffnotes #29)

The Game of Life and How to Play It: (Ultra Condensed Cliffnotes #30)

How to Live On 24 Hours a Day: (Ultra Condensed Cliffnotes #31)

Be Obsessed or Be Average: (Ultra Condensed Cliffnotes #32)

Philosophy For Life and Other Dangerous Situations: (Ultra Condensed Cliffnotes #33)

The Science of Getting Rich: (Ultra Condensed Cliffnotes #34)

How To Win Friends and Influence People: (Ultra Condensed Cliffnotes #35)

The Richest Man in Babylon: (Ultra Condensed Cliffnotes #36)

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