A couple of months ago I read “The Four Hour Workweek.” The author, Timothy Ferriss, is at times kind of a jerk, but the book overall was very helpful to me.
The book recommends a “nouveau riche” lifestyle based on outcomes, rather than bankroll. For example, if you are saving money towards retiring to Sao Paolo, why not go ahead and get yourself an independent source of (US-denominated) income and move to Sao Paolo?
I say he’s kind of a jerk at times because the author doesn’t seem to be considering the suffering he may cause others. For example, he brags about becoming a Chinese kickboxing champion by (1) finding a loophole in the rules and (2) using some magical means to lose weight temporarily. He doesn’t seem to have any remorse for the people he beat using the loophole (he pushed people out of the ring).
That said, his four steps are:
- Define: figure out what you want, e.g. to live in Sao Paolo driving a Ferrari you need $X/mo.
- Eliminate: remove everything from your life that does not drive towards these outcomes, e.g. stop checking email
- Automate: for the stuff that’s left, the stuff you need to do, automate it to the extent possible, e.g. by hiring an Indian concierge service
- Liberate: chill out and repeat
(He does wax philosophic at the end and say that eventually you will no longer be satisfied by this lifestyle and your new goals will become more philanthropic.)
The book has been most helpful for me, so far, because he essentially re-iterates The 80/20 Principle. You should be doing whatever is high-value and low-effort, where high-value is defined according to step (1), “Define.”
To those ends, I have unsubscribed myself from virtually every listserv I was on. I’m talking like 30-40 listserves that I rarely read anyways. I am probably on 2-3 listserves now. It has probably taken me at least 15 hours just to unsubscribe from lists I didn’t even realize I was on!
Also, when I reply to email now, I try to “remove myself from the loop.” That is, I am spending more time thinking about each email, anticipating possible future questions and answering them. For example, “Yes, let’s send a present! I think we should send X, Y, or Z, but I think you should have the final say. Please feel free to decide. I’ll put in half the cost, up to $50. You can have it delivered to me at 123 My Address and I’ll wrap it and have it ready, or you can take care of it. Just let me know what you decide, and I’ll meet you on Thursday!”
I have yet to decide whether this is really annoying to other people
I’m also trying to decide on a “most important task” (MIT) for each day. I haven’t been very good about keeping these simple, but ideally the MIT should be done early in the morning. It doesn’t need to take very long.