Categories: All - freedom - money - strengths - retirement

by Anthony Johnson 3 years ago

1435

The 4-Hour Workweek - Step 1: Definition

This text explores the concept of enhancing the practical value of money by controlling various aspects of one's life, such as where, when, what, and with whom activities are undertaken.

The 4-Hour Workweek - Step 1: Definition

The 4-Hour Workweek - Step 1: Definition

Fear-Setting and Escaping Paralysis

Optimistic denial
Conquering fear = defining fear

Cautions and Comparisons

The Freedom Multiplier
Money is multiplied in practical value depending on the number of W's you control in your life.

whom you do it with

where you do it

when you do it

what you do

The New Rich (NR)
Freedom to pursue your dreams
Payday every day

Cashflow first

More quality and less clutter
Have reasons for making money
Neither boss nor employee, but owner
Do all you want to do, be all you want to be
Prevent work for work's sake (W4W)
Have others work for you
The Deferrers (D)
Freedom to avoid what you dislike
Reach a big payoff
Have more
Make a ton of money
Be the boss
Buy everything you want
Retire young
Work when you want
Work for yourself

Being Unreasonable and Unambiguous

What do you want?
Dreamlining

Activities that will fill the vacuum when work is removed

Goals must be unrealisitic to be effective

Defined steps instead of ambiguous wants

ADD: Adventure Deficit Disorder
Excitement is a better synonymn for happiness
The opposite of happiness is boredom
Doing the unrealistic is easier than doing the realistic
There is less competition for bigger goals
People overestimate the competition and underestimate themselves

Everything Popular is Wrong

Distress is bad, eustress is good
Relative income is more important than absolute income
Money alone is not the solution
Things in excess become their opposite
Emphasize strengths, don't fix weaknesses
Ask for forgiveness, not permission
The timing is never right
Less is not laziness
Interest and energy are cyclical
Retirement is worst-case-scenario insurance
Don't play the game, beat the game
Find loopholes in the rules