Showing posts with label lifestyle design. Show all posts
Showing posts with label lifestyle design. Show all posts

Escaping The Self Employment Trap: The 5 Secrets To More Time, Money And Freedom Review

Escaping The Self Employment Trap: The 5 Secrets To More Time, Money And Freedom
Average Reviews:

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This is a dense book full of actionable AND insightful ideas. Think of The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It, The 80/20 Principle: The Secret to Success by Achieving More with Less, and to some extent, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich.
Victor is simply brilliant. I'm on a mailing list of entrepreneurs, many of whom are very, very successful. Victor occasionally replies to people's questions, and his advice is always concise, thoughtful and very helpful. I found myself paying extra attention to what he had to say. I ended up teasing him that "you should write a book!"
It turned out he had ... several of them.
I've read many books on business, lifestyle design, financial freedom and so forth. Provided you have a business idea, this is the best there is. (If you don't have an idea for a business, the Four Hour Workweek might give you some.) You may think because I'm slightly acquainted with the author, I'm biased. Not so. I'm writing this review to help -you-, not him.
The E-Myth Revisited sells you on setting up a system so you can "work on your business, instead of in it." This book shows -how-.
The 80/20 Principle tells you to focus on activities that will bring the most return for the least effort. This book shows exactly what those activities are - at each step of the way. (There's 5 steps.)
The 4-Hour Workweek discusses lifestyle design and gives some good ideas about how to do it. It also talks about how to recruit virtual assistants to free up your time. Victor explains a bit about lifestyle design - how to make sure your business revolves around your life instead of vice versa. That's it - no explanation of all the cool things you can do with your free time. Instead expect an explanation of how to get free time. Lots of it. You'll learn in depth about how to create -systems- to delegate all those annoying things that need doing, without having to do it yourself. In particular, the explanation of having a results description instead of a job description lets you recruit the perfect candidate.
I've been looking for the magic bullet to recruit the right people. My own experience has been very hit or miss, but I eventually found some great people. "Escaping the Self Employment Trap" is second only to Smart and Gets Things Done in giving guidance in how to recruit people. However, Smart and Gets Things Done is for recruiting programmers, and "Escaping" is better overall for recruiting people to run your business systems for you.
There's a lot more in here than what I just explained above. For example, there's a chapter on turning marketing into an investment instead of an expense. This is a key concept that can turbocharge your growth. Victor explains how he took a business from $500 a month in revenues to $30,000 a month, in just 90 days. He also explained his mistake that cut his profits in half, and how to easily avoid it.
If you are running your own business (big or small), and want to figure out how to make your life easier, and your business grow much faster, get this book. You won't regret it.

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The 4-Hour Workweek, Expanded and Updated: Expanded and Updated, With Over 100 New Pages of Cutting-Edge Content. Review

The 4-Hour Workweek, Expanded and Updated: Expanded and Updated, With Over 100 New Pages of Cutting-Edge Content.
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The title and cover draws people in. 4 Hour Work Week, it's too good to be true. Then we read the first couple of pages, maybe the first couple of chapters. The first chapters are the typical motivational, "you can do it" montage. I'm not going to lie, I felt motivated to give this book a try after reading the first part of the book without even knowing what this book is all about. But as I began to get out of the fluff, and actually found myself reading the core subject of the book, I was utterly disappointed. D is for Definition
In this section Ferriss tells us to do an important task: define what you want. And I agree that most of us live through life not knowing what we want; just following the crowd like a herd of sheep. This section was the motivational, make you feel good section. This wasn't the how, it was the why, and it downright made me pumped.
E is for Elimination
Okay, so he basically says to eliminate all the junk in your life. For example: watch less TV, don't check your e-mail 50 times a day, don't look at your phone 100 times a day, don't surf the web 3 hours a day, etc. It's all good advice, nothing too fancy, or new, just plain old, "don't waste your time" advice. So far so good.
A is for automation
This is where I ran in to problems with Tim's method of creating a "4 hour workweek". First he tells us to outsource a big chunk of our lives using a VA (virtual assistant) from India or Shanghai or wherever. Basically a virtual assistant is a person who assist you in everyday task (checking emails, making reservations, doing research for your job that you got hired to do,set up appointments, etc) so basically an online-personal assistant you hire for dirt cheap. So if you are okay with some guy in India knowing your personal information (SSN, bank account number, phobias, any illnesses you might have, problems in life, and many more as Ferriss states) go ahead and outsource the things you can already do yourself to a guy in India you never met. But Ferris says that misuses of sensitive information are rare; well there could be bias behind that statement, but I'm not willing to find out if it's true or not. The irony of oustourcing your life is that you become dependent on your VA. You no longer have the urge to take control of your own life when it comes to paying bills, making reservations, or doing research for your job because your VA does it for you. So that's the paradox: out source your life, but become more dependent on a foreigner. And Ferriss quotes Ralph Waldo Emerson throughout his book as a motivational spice. But it's apparent that he never read "Self Reliance", the cornerstone of Emerson's philosophy. (Tim if you're going to use Emerson's words, how about not making a book that totally contradicts the philosophy of Emerson? Thanks).
A is for automation Pt. 2
Ferriss then goes on to tell us how we can make up to 40,000 dollars a month of automated income (little work). Basically you create a product and sell it. Plain and simple. He tells you to find a market, find the demographics of your product, make a product and sell it. Yup, your average entrepreneurship. It's nothing new, and Ferris is not an expert entrepreneur. He did have a company BrainQuicken which sells "Neural Accelerator" supplements. The site is 99% advertising and 1% scientific: It sells because it's precisely that. And the product that Ferriss started is not something revolutionary, I'll take my 200mg of caffeine before a workout any day than pay 50.00 dollars plus shipping for BrainQuicken. So if you want to make your own product, market it, sell it and make millions of dollars go ahead. Tim tells you exactly how, but what Tim doesn't tell you is that it takes a lot of work in the beginning, a lot more than 4 hours a week.
L is for Liberation
More like L is for not showing up to work, and being cynical. Now I'm against the 9-5 hours of work. I think that human beings are more efficient enough to get things done in a short period of time, and I believe that society is slowly catching on. But here's Tim's idea of "liberation". Escaping the office: not doing your job or worse, not showing up. Killing your job: quit your job. Mini retirement: take a month vacation every 2 months of work (or pattern that works best for you). Filling the Void: filling in the emptiness and the boredom you feel with fun stuff like becoming a horse archer, learning tango, and winning a fight championship by cheating.
So okay, let's say everything goes well: you are making 40,000 dollars a month, you are working no more than 4 hours a week... now what. Even Ferriss says that you will feel a void... well that sucks doesn't it? Why don't you go and talk to your VA about your problems?
Now obviously I'm against Tim's advertising methods, it's misleading. The book only sells because of the hope it gives 9-5 workers that it's possible. Oh, it's possible but unlikely. Tim is no Bil Gates, Steve Jobs, Warren Buffett, or Clint Eastwood he is nowhere close to them. You see great testimonials from people from Yahoo!, Wired, Silicon Valley, and hell, from Jack Canfield about Tim's book, but not from people like Gates, Jobs, Buffett, Eastwood, or any other highly successful people, why? Because those four know that true success comes from years of hard work, and building lasting relationships with people. Those four know that decreasing your work hours, outsourcing your life, and making a tons of money is not the road to true happiness. Those four people, even if they read this book, will probably throw it in the fire. But for the cynical, "how do I work little and make tons of money" people out there (which is most of the population) this book will initially look like the next Bible. The fact that this book sold well says a lot about our society.
This is a misleading book, there are tons of other great books you can read for true success: Talent is Overrated (no BS way how people become great at what they do), 7 Habits of Highly Effective People (classic), and How to Have Confidence and Power in Dealing with People... to name a few. Very few will read this review before buying, and more copies of this book will sell due to the cynical and lazy nature of people. Don't be one of those people, don't buy this book.

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More than 100 pages of new, cutting-edge content. Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, The 4-Hour Workweek is the blueprint. This step-by-step guide to luxury lifestyle design teaches: •How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week•How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want•How blue-chip escape artists travel the world without quitting their jobs•How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist•How to trade a long-haul career for short work bursts and frequent "mini-retirements"The new expanded edition of Tim Ferriss' The 4-Hour Workweek includes:•More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point•Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal•How Lifestyle Design principles can be suited to unpredictable economic times•The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either

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Time Off From Work: Using Sabbaticals To Enhance Your Life While Keeping Your Career On Track Review

Time Off From Work: Using Sabbaticals To Enhance Your Life While Keeping Your Career On Track
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Curious about taking time off from work? This book provides great advice and inspiration on doing it. It's very similar to the book Six Months Off (see my review of that one), and you'll need to make the decision between them or decide to read both. I found that Six Months Off provides more ideas on what to do during your time off, especially terrific programs that would enhance both your life and professional resumes. Time Off From Work provides better coverage of the before and after concerns. Both do a great job of providing real-life case studies of people who've done it. In fact, the author of this book even covers one of the co-authors of Six Months Off as an example. In short, if you're stuck on the how's and why's then read this book; if you're convinced you want and can manage to take a sabbatical but don't have a clear idea of how to make the most of it, then read Six Months Off instead.

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A sabbatical may be just the change you need. More and more men and women are successfully taking an extended break from their jobs--a sabbatical. Once the exclusive preserve of academics, sabbaticals are revitalizing today's business world. Recognizing that the decision to take a sabbatical is a major step, Lisa Rogak mixes a wealth of practical how-to facts and advice with the real-life stories of over forty professionals detailing every aspect of the process. Whether you want the time off to travel, explore other careers, discover new interests, go back to school, stay with your family, do volunteer work, or simply slow down and recharge your batteries, you'll find information on:* Approaching your boss and negotiating the leave you want* Turning your sabbatical into a career asset* Determining your eligibility for the Family Medical Leave Act* Financing a sabbatical creatively* Preparing and planning to get the most out of your time off* Troubleshooting a sabbatical that's not working out* Adjusting to the workplace once your sabbatical is over

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