THE 4-HOUR WORK WEEK (BY TIM FERRISS)

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The “New Rich” is a group of people who have realized that living like a millionaire, doesn’t require that one is a millionaire. They’ve also realized that you can live like a millionaire without working your ass off till age 65, building a Fortune 500 company, or consuming millions of annual reports. In this video, I will summarize the (in my opinion) most important takeaways from Tim Ferriss’ The 4-Hour Work Week.
Playlist of books on how to start your first business: bit.ly/391czmD
Top 5 takeaways from The 4-Hour Work Week:
0:00 Intro
01:02 1. The Step-By-Step Process of Joining the New Rich
03:23 2. Relative Income Trumps Absolute Income
05:52 3. How to Be More Productive
08:21 4. Become the Ghost in The Machine
10:21 5. Create Unrestricted Mobility (Even as an Employee)
TL;DW:
- Joining the new rich is a four-step process with the acronym DEAL.
- Relative income beats absolute income once you have enough cashflow to support your dreams
- Be more productive by prioritizing tasks and setting short deadlines. Remember Pareto’s and Parkinson’s law.
- Outsource tasks to multiply yourself and become the ghost in the machine
- Create unrestricted mobility for yourself, so that you can experience everything that the world has to offer.
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.

[@TheSwedishInvestor]

Playlist of books on how to start your first business: bit.ly/391czmD

[@ruimarques1408]

can you do a video on high output management? :)

[@dianhamilton9953]

​@@ruimarques1408I

[@TrailRunnerLife]

As someone who runs an organization remotely, I can attest it will make you feel like a billionaire, even if your income statement doesn't. The really great news is that more people than ever will get to experience that feeling as remote work becomes the norm.

[@Telugumemestuff]

This book short summary kzbin.info/www/bejne/aJLUiZ9obaqHmsU

[@fishnsteve]

Teach me please? 😢

[@yassinsallam886]

how can i contact you

[@ntuthukokhumalo7838]

1. DEAL 2. Relative 3. 20% 4. Outsourcing/Automating/delegating 5. Trial for Remote work option

[@PassiveIncomeTom]

This was a fantastic book and summarizes how many entrepreneurs work today. It's about working smarter and not harder. 😉

[@TheSwedishInvestor]

100% 👍 If it's working, don't fix it, but when feeling stuck, it may be time to reevaluate current routines. Look for elimination and automation

[@audiobooksummary5279]

you're right. Fantastic book!

[@Telugumemestuff]

Short summary of this book kzbin.info/www/bejne/aJLUiZ9obaqHmsU

[@xoxo3836]

I don't usually sit through explainer videos (not because I'm not interested in learning, but because I find the simplification/spoonfeeding boring), but I found yours interesting! I like your teaching style!

[@profitspecialists]

Your videos are awesome! Thanks for taking the time to summarize the best points from all the best entrepreneurial books.

[@grizgriz6640]

Thanks from Ireland for the great content! part of my morning routine now

[@Ways2Success]

SUCH A GREAT BOOK, THANKS FOR SHARING!!😊😊😊

[@mrmysterycake]

Well this summary has made me want to NOT pick up this book! As a handyman, I love working w/ my hands. As an entrepreneur, I love working... period. Happy I saw this.

[@rizzleriz4457]

Hey, plus working (especially physically) leaves you more healthy IMHO.

[@bigadobesmth]

great summary! insightful! thanks!

[@user-pf6rg2lf9f]

Very informative and real

[@LifeWithCandis]

This is amazing, thanks! 🙏🏽💪🏽💚

[@anne-mariel3256]

Not sure I understand everything but thank you for summarizing it

[@mr.mister7426]

The best channel for book summaries💯

[@TheSwedishInvestor]

Make my day Mr. Minster! Thank you for your support! 😁

[@mr.mister7426]

@@TheSwedishInvestor Just returning the favour

[@huysaysoui]

Wh This is a gold mine for entrepreneur. Definetely recommend, you got a new fan here in Finland

[@GenExDividendInvestor]

I really loved this review. Super helpful insights. Now I need to get my wife to watch, lol.

[@TheSwedishInvestor]

Ahahaha GenExDividendInvestor, cheers mate 😂 Best of luck!

[@NomadicChad]

Well done on the video!

[@kdog333]

I finally found something to outsource to the Indian companies Tim mentions. About to try it out.

[@davidndahura7437]

Knowledge is real in the world the book is amazing.

[@11Alisher]

I need to read that FU money book!!! But started investing hopefully it will repay me next 10-15 years

[@GirlOpinion]

thank you so much for sharing this valuable information and the graphical content is very well done. are you conducting trainings how to create informative videos like this? I'd love to hear from you soon.

[@TheSwedishInvestor]

Thank you GirlOpinion! I appreciate it! Unfortunately, I don't do any training like that and I don't expect that I will. I may teach some investing in the future if you are interested in that though :)

[@GoodasCoffee]

First! Such excellent content. Thank you!!

[@TheSwedishInvestor]

Cheers CryptoRepublic! 😁

[@walnutinvesting689]

Doesnt go into much details about investing for passive income but still the overall big picture goal is exactly what most of us want

[@RajniSharma-hk8nj]

Hey... Swedish investor , you are doing a great job, can you give us summaries of some of the best "REAL Estate" books

[@audiobooksummary5279]

This book is very useful. Must read!

[@lvy9133]

I enjoy ur videos a lot, pls make summary videos for Buffet & Howard Marks annual letters & Marks latest book

[@NickPeitsch]

I’ve heard this book being referred by SO many people... Will definitely be getting it soon 👍

[@TheSwedishInvestor]

It's a really good one 😊 Quite interesting how even a lot of the advice on software still is relevant today, 10 years later. Tim Ferriss was an early-adopter indeed.

[@Tr3ndalWorldWide]

same, thats why I looked this up online. There is an audiobook as well

[@jonasaugustsson7806]

Thanks for not having background music. THAT if something, is going against the stream

[@fopavirgiline4778]

Absolutely amazing

[@petercardoz128]

Hey bro I have seen many summary channels but you really make things so simple to digest ...it’s a Osim learning platform ....try and review this book The founders Delemmas ...🙏🙏🙏🙏

[@rosasalazar1467]

Thank you for these videos. 👍💕

[@TheSwedishInvestor]

Cheers rosa! 😁

[@brainchilddesigner]

I never knew about the Paretos and Parkinson theories. As always, thank you for the enlightening content.

[@booksummaryai]

Thanks for the video!

[@colettebeaudrycassio2142]

1. DEAL 2. RELATIVE INCOME 3. 20% 4. Outsourcing 5. Revocable Trial

[@wolfofdubai]

Great book 📚 the question is: How to go back to work once read 😂

[@vishnukaruppasamy2977]

😮 I am your sub too I thought it is fake channel ID 😂

[@timolemke2477]

How about "Moonwalk with Einstein"? May you do a video on this book?

[@chris.asi_romeo]

Great video.💯👏👍. Explained well

[@bobcrane2720]

Tim Ferriss should write a 'Post Covid' 4 hour work week, it's easier to telecommute; but it's harder to be a world traveler.

[@chiaramaya6752]

Loved this summary. Thank you. I'd love to use this video as a reference for clients. One request: Could you add captions for watching on silent and more retention? Thank you!

[@larryorlando264]

Nice ready guys, I realized that the secret of making millions is saving for a better investment.. I always tell myself you don’t need that vacation in Paris just yet and that mindset helps me make more money investing. Fore example last year I invested $45,000 in his platform (with the help of mr Jason McQueen) and made $495,000, but guess what? I put it back and traded with him again and now I’m rounding up to million. Hoping to get to 2 in months time.. You can reach him on Instagram @Jason_real.fx

[@Tr3ndalWorldWide]

This was definitely useful. Will definitely read this book all the way through

[@frenklinfarrelwong9435]

Could you make a review about The Warren Buffett Way book? Thank you :)

[@cubeeism]

Great summaries

[@proviahachie2872]

"Whether therefore ye eat, or drink, or whatsoever ye do, do all to the glory of God." 1 Corinthians 10:31 (KJV)

[@flippinbluntreviews3876]

I smashed the like button mainly because u said “mainly for the KZbin algorithm”. I really love this transparency

[@GanpatiRam]

Thank you🤗❤

[@hersheath]

Thanks to tim for his advice on outsourcing my work and compensating in rupees. As someone living in India, it's the most helpful thing I've ever heard. Kudos to swedish investor too!

[@Disciple808]

I retired 2 years ago at age 28, although I don't have to work any more, I choose to because I enjoy creating finances.

[@samuelbuis6587]

How did you achieve this?

[@samsofian8291]

Can share?

[@dafingaz]

Thanks!

[@Lindsweightloss]

I haven't read this book yet, it's definitely on my reading list! I'm currently reading "Ask and it is given". What are all of you reading right now, I would love to get some ideas :))

[@TheSwedishInvestor]

Lindsey Spiteri Bellizzi I can definitely recommend it! Among the upcoming books on this channel are many that are more focused specifically on investing - such as those of Peter Lynch, Philip A Fisher, George Soros, Carl Icahn and Joel Greenblatt 😊

[@Lindsweightloss]

@@TheSwedishInvestor Thank you so much for your reply! I'm looking forward to your upcoming videos :)

[@jessicam.calugay3132]

fu money

[@gatheringgrit]

Everyone after watching this video: *becomes financially independent and a millionaire* Me: *writes down* Meatballs taste better in Sweden.

[@tnnenkaka66]

This is great and all however My concern is this. Once you start doing all that and make less workload for yourself, bosses also start dumping more workload on you because they will think you can handle more since you’re doing great on the current workload. This will be a vicious cycle, how to deal with this? Another thing, what if you work in a startup and don’t have a lot employees, then you don’t have a lot to delegate and also you can’t outsource since it will be considered revealing confidential documents. I’m interested to get some thoughts on this

[@jinn3764]

Do you have any recommendations how to apply these steps for a Restaurant Manager working in the hospitality?

[@arleanali731]

1. DEAL 2. RELATIVE 3. 20% 4. OUT SOURCING 5. REVOCABLE TRIAL

[@LEOFADS]

Great video

[@Stovetopcookie]

The Takeaway seems to be both in terms of money and time that it is not how much you earn, but how much you keep

[@josefranciscojimenez7016]

Human Action! Misesssss!!! Pleeeeeaseeeee PS: I love you

[@tyrellwhite868]

1.Deal 2.relative 3.20% 4.outsourcing 5.remote

[@timolemke2477]

Which tool do you use to create your animated videos?

[@mindfulmac23]

Where did you design the animated video, what software did you use ?

[@javierjp8549]

Could you make a video showing how your investments have been following the suggestion that these books have given you?

[@larryorlando264]

Nice ready guys, I realized that the secret of making millions is saving for a better investment.. I always tell myself you don’t need that vacation in Paris just yet and that mindset helps me make more money investing. Fore example last year I invested $45,000 in his platform (with the help of mr Jason McQueen) and made $495,000, but guess what? I put it back and traded with him again and now I’m rounding up to million. Hoping to get to 2 in months time.. You can reach him on Instagram @Jason_real.fx

[@WintaLe]

Define- be with family, travel Eliminate- mow yard, but this helps me get out and do work Automation- not sure Liberation- travel Relative income 80/20 law Task fills in time it takes to do the task

[@hpsingh13]

please review value migration by Adrian S

[@annkelsey6075]

1. DEAL 2. Relative 3. Company profit 4. Outsourcing 5. Revocable trial period

[@annkelsey6075]

20% of the causes is the answer to number 3

[@zemintan4359]

How app you used to make your video?

[@mubeenkp1875]

Hi Erik please start podcasts on spotify

[@TheSwedishInvestor]

That's a good idea Mubeen kp. I will keep it in mind 👍

[@tigoxbrata]

Great video as always but man sure did lose quite a lot of trust when you mentioned Dan lok’s book

[@SB-ok3xc]

Thanks for sharing but I'm afraid you're wrong about meet balls they're better in Napoli.

[@elfredafigueira1328]

1. DEAL 2. Relative 3. 20% 4. Outsourcing

[@singyeh99]

Liked for the algo and your honesty

[@TheSwedishInvestor]

Haha, cheers Joe Ng! 🙌

[@MikeVloggin]

Can you please upload books about stocks? Thank you

[@larryorlando264]

Nice ready guys, I realized that the secret of making millions is saving for a better investment.. I always tell myself you don’t need that vacation in Paris just yet and that mindset helps me make more money investing. Fore example last year I invested $45,000 in his platform (with the help of mr Jason McQueen) and made $495,000, but guess what? I put it back and traded with him again and now I’m rounding up to million. Hoping to get to 2 in months time.. You can reach him on Instagram @Jason_real.fx

[@captainawasome8985]

Yes, I could write a book about how to make money... But starting a channel on youtube is probably better and can get you money directly by ads. The difficulty lies in being unique and finding the right topic. And precious time is wasted and running out as we speak.

[@harrisonkangaho]

Awesome

[@fallingxshadow]

I recently read this book and I am here to tell all of you that this book includes A LOT of helpful information for everyone. Except, it's PRIMARILY focused on employees who typically work in an office environment. Therefore, if you work on a trade say as an auto mechanic, electrician, plumber, landscaper etc., the majority of the solutions provided in this book will be impossible for you to do. The jobs I mentioned physically require you to be there & this book concentrates on automation which means having tasks being taken care of without requiring your presence. Either somebody else does it or... believe it or not, it does itself. (The brilliance of this book.) Now, I will say this though. It's not entirely all about work! There's plenty of philosophy & life advice that will change your perspective on retirement. Seriously, you'll be glad you read it. Conclusion: Read this book regardless of your occupation. It's worth the time & attention!

[@TheSwedishInvestor]

100% agree! Thanks for sharing Falling Shadow!

[@adriennemiller.music.]

i still don’t know how to start :( can somebody offer some guidance?

[@umarkhatab5578]

1.DEAL 2.RELATIVE 3.20% 4.OUTSOURCEING 5.REVOCABLE TRIAL

[@prosperthedubaiexplorer8980]

ANSWER TO THE QUESTIONS 1-DEAL 2-RELATIVE INCOM 3-20% 4-ELIMINATING 5-SUGGEST A REVOCABLE TRIAL

[@VLAD9809]

Here's an advice for you. Book called: The success system that never fails or Believes and Achieve. You get the idea: author-name W. Clement Stone.

[@dannyput8979]

The succes system that never fails is such a good book! I would also recommend it.

[@ninjahatori2614]

Hello i'm from indonesia and i am very happy to see your videos. But my english is not good enough. So i don't understand very well your video. Can you help me to turn on the subtitle into bahasa indonesia? Fyi in Indonesia all books that you told in videos, all of that was in English, so, if you mind to translate (turn on the subtitle) it could be more usefull and Indonesian will so be glad to watching it. Thank you 🙏

[@TheSwedishInvestor]

Thank you for this feedback ninja hatori. I will be adding subtitles (in English though) soon to this video. Would that help?

[@manimnaHusna]

ninja hatori Indonesian here Learn to understand the content using English Subs. It will help you on English test such as toefl or ielts. It will force you to enrich your vocabulary and sharpen the sense of understanding English. Keep learning

[@glx484]

7:00 How do you fire a customer?

[@DrJohnnyJ]

You stop selling to them. When someone becomes a bigger bother than they are worth, you stop selling to them.

[@petkoelenkin5713]

Do you buy your books or lend them?

[@t.diddy2263]

“Life is negotiable”

[@alirezvanimehr]

Deal, relative, 20%, machine, revocable trial

[@hassanpushe5819]

Let me tell you something working 4 hours a week is not possible 🙂 Working 4-6 hours a day doing what you love is possible

[@total2992]

That is, two years of work by a banker give a return of 12.5 years of work in this method. And those two years are enough to buy an apartment for you and the children. Or invest them wisely and earn even more. Then you will not even have to work 4 hours a week. But you'll do it just or fun :)

[@Bill0102]

I'm mesmerized by this. I read a book with similar content, and I was truly mesmerized. "Mastering Money Mindfulness" by Benjamin Hawk

[@kazuakikawahara6022]

I noticed he was a Swedish when he mentioned about Swedish meatballs

[@aoinagasaki3170]

Where do you get these drawings?

[@troyervillebest]

I bet he outsources to multiply himself! A great first read as I begin my own journey and create my own relative income.

[@AimHigherWindowCleaning]

Who else, when’how to be more productive’ came on the screen, answered less KZbin?

[@danielkover7157]

I have to disagree with your meatball claim, Erik. Italian meatballs, my friend! 😋

[@chendaddy]

How do you afford to send your kids to top tier universities in the west using this method?

[@InvestingEducation]

Do what u like and it won't feel like work

[@TheSwedishInvestor]

👌

[@Lindsweightloss]

Love this one!!

[@InvestingEducation]

@@Lindsweightloss yup!

[@Lindsweightloss]

@@InvestingEducation :))

[@asmrfoodbank4159]

The idea works great on paper but i want to make money quick and retire at an early age. The author already made his money and automated the process. Some of you rubes need to work that 80hr workweek to make ends meet.

[@sidjtd]

11:01 What kind of accent is “Rio de Ha-nay-ro?”. In English it’s “Rio day Jay bay row” and in Brazilian Portuguese it’s “Hee-oh Janay-roo”

[@jimintae3284]

💜

[@4ng3lL33]

I quitted this video when you recommended Dan Lok's book... so sad!

[@ralph7862]

He said check out his review about Dan Loks book. His REVIEW

[@YoungDen]

Better late then never

[@KfelineK]

👏🏻👏🏻👏🏻

[@AcesizOfficial]

🙌🏽🇬🇧

[@yesi558]

10:59 you've said it in Spanish instead of Portuguese

[@stassji5041]

been there, done that. ;)