Tim Ferris and The Four Hour Workweek
You may have already heard the buzz of Tim Ferris and his book, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich. I’ll tell you what it’s all about and most importantly how you can use some of this information to improve your life.
What is The 4-Hour Workweek?
In his book, Tim Ferris describes how he drastically reduced the amount of time that he works each week, followed his dreams of dance, martial arts, and surfing, and at the same time continues to grow his business. How did he do this? The details are in his book, but at its simplest level I believe it comes down to organization, delegation, and elimination of time wasters.
How Does Tim Ferris Do It?
He delegates his email, his phone calls except emergencies, mundane business decisions,Â has a “low-information diet” (opposite of news junky), and is very clear and organized about how he wants to spend his time.
How CanÂ YOU Reduce Work Time, Increase Play Time and Maintain/Raise Productivity?
- ANALYZE:Â Log how you spend your time for a day or two. Calculate what your time is worth on hourly basis. (Yearly income divided by 2000 hours). Identify the mundane tasks that can be delegated. If you can delegate a low cost task, that will free up your time to be spent on higher revenue producing task, thus enabling you to potentially INCREASE your productivity!
- DELEGATE: Start small and build over time. Examples to delegate: filing, data entry, article submissions, housecleaning, grocery shopping, etc. Make a list of the things you can delegate and implement one each week. Go slow and build for success.
- DELEGATE TO WHOM?
- Virtual assistants cost anywhere from $4-10/hour (try Elance)
- Your kids! Make it fun. Incent them and praise them. Good learning opportunity for them.
- Neighborhood teens need to earn money. They can do yardwork, cleaning, filing, probably even some computer tasks too.
- Local services: cleaning services, grocery shopping services, accounting, please share your other suggestions in the comments!
- PLAN YOUR TIME: How much time do you think you waste each day, reading catalogues, browsing the web without purpose, watching TV, etc? And then we say “I don’t have time to do the things I want to do.” THINK AGAIN:
- Start with “How do I want to spend my time?”
- ELMINATE: have a plan for how you will avoid or minimize the time waster activities that creep into our day. Either set a specific time for doing them or commit to not doing them, whichever is your desire.
- Plan Your Day, Week, and Future. SeeÂ Getting Things Done: The Art of Stress-Free Productivity for more great information.
- FAILPROOF YOUR PLAN: Put time frames around your daily action plan. Use a countdown timer if you tend to get over-involved in a task. Here’s how: estimate the time needed and set your timer (watch, online appointment, online stopwatch) and when the timer goes off, stop what your doing even if your not finished. Analyze your progress and what you need to do to finish, and review what is next on your daily plan.
- MAKE ROUTINES: Make certain tasks automatic by establishing routines. This will help increase your efficiency. Here’s an example:
- Morning: Exercize, Creative Tasks, Most Difficult tasks, Phone Calls
- Mid Morning: Break. This is important to clear your head and review your progress on your daily plan. (use a some reminder tool to ensure that you don’t miss this). 5 minutes is enough, but 15 minutes is fine too. Dale Carnegie was a big believer in this!
- Lunch: Again, if you tend to miss or put lunch off till you’re exhausted use a reminder tool like online stopwatch.
- Afternoon: Review your daily plan, mundane tasks, easier tasks, easier phone calls, research work
- End of Work Day: Review day and make plan for tomorrow.
- Evening: Dinner, relax time, reading time, longer term planning, meditate, stretch, sleep.
- Weekends: Chores, Errands, Fun time, Family time, Rest time, Exercize, Spiritual time, etc. Plan for it!
Let your plan serve you. Live the life you want to live. Analyze and plan for how to do that and your will succeed.
What little tricks do you use to get more work done andÂ to ensure “play time?”Â Even the smallest tips can make the biggest difference.Please share your valuable comments with us! Many thanks to recent commenters: Mike, Terry, Court, Ilker, Dee, Paula, and Philomena.
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