Tim Ferriss’ book The 4 Hour Work Week starts off with a bang.
People don’t want to be millionaires – they want to experience what they believe only millions can buy.
Perhaps the statement is obvious to some, but to me it was an immediate eye-opener. It is easy to focus on money as an enabler, and lose the forest for the trees. This shift in perspective really changes one’s approach to life. It is no longer about working to generate money, in order to add money to the bank, in order to one day live the life you want to live. Instead, it is about removing “money” as the focus and instead focusing on lifestyle.
So what does it mean to live like a millionaire?
According to Tim, it is about how many “W’s” you control – what you do, when you do it, where you do it, and with whom you do it. The more freedom you have, the easier it will be to create the lifestyle of your choice.
Think about it – do you want to be a doctor who has $1 million in the bank but works 80 hours a week, or are you okay with $25k in the bank but working 20 hours a week with the freedom to take a 3 month vacation each year? Obviously, there is some minimum amount you need to make to be comfortable, but more often than not that minimum is much lower than you think.
If you’re like me, thinking these thoughts elicits a mixed response of both fear and excitement. Fear because we were not raised to think this way; excitement because deep-down, we know there is a ring of truth to it. What I love about this initial chapter is that it immediately makes you question some long-held beliefs that don’t stand up very well to scrutiny. Why do you work 40/60/80 hours a week? To earn money, a lot of you would say.
But for what?Go to “The 4 Hour Work Week” on Amazon