Generating 7 Streams of Income

Book Review The 4-Hour Workweek by Timothy Ferris

I read this book a couple of months ago and it really started to make me think differently.

The book talks about “the New Rich” describing people who are “Rich” in the new currency of Time and Mobility. Basically the gist of the book is to show the reader how to generate income from multiple sources, yet providing you with the opportunity to generate these streams of income no matter where in the world you are. The book describes how you can generate income while traveling the world.

The book also describes many methods for reducing the amount of time you need to spend on generating your desired income, hence the title “The 4-Hour Work Week.”

Here are some tips I found very useful:

The goal is fun and profit….

Be neither the boss nor the employee, but the owner…

Think big but ensure payday comes everyday:cashflow first, big payday second…

By working only when you are most effective. life is both more productive and more enjoyable…

Focus on being productive instead of busy…

It is far more lucrative and fun to leverage your strengths instead of attempting to fix all the chinks in your armor…

The book is definitely worth a read and it really helps you to focus on using your time more efficiently and also helps you think “Why not travel the world now when I am young enough and fit enough…”

This entry was posted on Saturday, August 16th, 2008 @ 7:27 pm on the category Book Reviews, Generating Streams of Income, Location Independant Living. You can follow any responses to this entry through the RSS 2.0 You can leave a response, or trackback from your own site.

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Book Review The 4-Hour Workweek by Timothy Ferris

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