The 4 Hour Work Week by Tim Ferriss (animated book summary) - Escape The 9-5
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- čas přidán 13. 12. 2018
- You can get this eye-opening book here:
US: amzn.to/2rCb76r
EU: amzn.to/2S2NnE3
This is how today's society thinks your life should look:
You have go to school for the first 20 years of your life. Then you have to find a high paying job that you'll work for the next 40 years. And after that, you can retire and finally enjoy your life for the last 20 years. If you're lucky to live that long of course.
The 40 years of soul-crushing work has been accepted as the default path. But is this the only way? Not at all.
Today we're going to challenge this notion by summarizing one of my favorite books. The Four Hour Workweek by Tim Ferriss.
Many people think that the point of this book is to work just four hours per week, however it's actually about working smarter and not harder.
I would recommend this book to anyone with aspirations to have more freedom in their life.
Images © Piers Baker www.svgdoodlewhiteboard.com - Zábava
You can get this eye-opening book here:
US: amzn.to/2rCb76r
EU: amzn.to/2S2NnE3
The general assumption is that we hate our jobs. I actually loved my job as a engineering professor, and now I’m enjoying retirement in a foreign country where my money goes a long way.
Good advertising
I have always felt too stupod to make money online.. But thats my dream....aa of now i bought refriferated trucks in mexico...and is ok.. I have no time for anything. How can i do onkine business.
Money cannot buy happiness
I’m reading it now! Very good, I’m highlighting so much to prepare for the 2nd read through where I’ll take notes of it. So damn good
Meditation, study, exercise, explore where you live, support others and avoid working too hard
life goals mate
🙌
I’ve been a freelancer all my life. Here in Germany everybody is telling each other how long and how hard they work. I discovered those are lies necessary to be respected in a performance society. I reduced my schedule to 6x45min each day, on 5 days a week. Within these 45min I work focused on clearly defined tasks. I achieve anything I need to match my goals.
22.5 hour week. What is your annual income approximately, if you don't mind saying? Many thanks.
Istari 2 Ich bin Illustrator.
Coral Harmony Knight don’t wanna share my income online. It’s not huge but enough for me and my kids.
I 1. reduced my work to stuff that actually generates income. I 2. really work hard and focused within my time frames. I am pretty exhausted after every 45min block.
Coral Harmony Knight but I have to say I spend 5 days a week 8-17 in my studio. It’s just that I put the actually work in the 45min timeframes. This commentary for example is written outside my worktime but inside my studio. 😉
Once you realize time is the ultimate currency you radically change your lifestyle and habits.
@Garrett Patten yeah i dropped out of school and enlisted in the infantry. You gotta find what you want
I learned that precious lesson after I graduated from college right after I quit my first job. That was one of the most pivotal moments of my life.
Time is the only asset that exists. It is the bedrock foundation of all assets. Time is the most real thing there is.
Trouble is most never realize this hence why most are born float around and just exist and slowly die
@@damonm4440 The problem is that the realization of any particular truth is easier, or harder, based on whether you have rejected The Truth or not.
My grandparents worked like crazy all their lives. Never went on holiday. Finally after decades of this grind and ONE year into retirement my Grandad was playing tennis. He had a heart attack and sadly passed away. My grandmother was left over 25 years alone. Never assume your next day is guaranteed.
Maybe they couldn't do it to raise their children and pay their debts. Or maybe they were raised like that. Seeing the war and hunger makes people prepare for the worst. The older people get the less they change so thats why they lived always like that.
That's so sad 😞
sad
They say retirement kills people... Active people who stop being active often die soon after they retire...
This is why I refuse to work until retirement age. Both my parents died not even 2 yrs into retirement.
Recommend to set playback speed to 1.25x
John Paul always at 1.5x unless it’s music lol
1.75x.
me 2x
Alright you lot not everything has to be a fucking competition
@@mxc8469 hahahah focus on the vid
This is so spot on. I retired three years ago and it was one of the worst decisions I ever made. My Dad told me retirement wasn't what it was cracked up to be. He was right. We've all been lied to about it. I have arthritis in my feet and felt I had to retire to get off my feet. But I went home and did nothing because that's what society tells you you're suppose to do. Society is oh so wrong. I'm working on changing that. It's harder because nobody wants to hire retired people but I know I'll be okay. Thanks for the encouragement.
John Howard pick up a hobbie you enjoy..there is an infinit amount of them. People get brainwashed in thinking life is about working and Bill's. Good luck mate:)
At 66, I have NO intention of retiring... ever. I have saved over the years, invested wisely, and lived below my means. I've seen too many folks retire,, and die. "Success" is simply peace of mind.
Yeah, everyone just tells us to retire and move to QLD 😭
I’m still playing around with what I want to do in life and am thinking about selling art. You could always try your hand at a TAFE course? I have always thought about just doing an apprenticeship or a trade that doesn’t require too much manual labour- being a baker for example. They’re always in high demand.
My dad is the same where he thinks the concept of retirement is still the same as how it is back in the old days.
Now its starting to creep up to him on how we keep telling him hes wrong
Hey John pick up a hobby or volunteer it will keep you alive
We are like cars, if you don't drive it it becomes scrap💯🍺😎
I semi retired 7 years ago and the reason I could cause I moved to a third world country that allows me to do so. We all get caught up on the rat race and don't realize that time is the only one thing you can never get back.I work seasonal work 6 months then the other 6 months I relax in beautiful Mexico 🇲🇽💯🍺🥩
You associate yourself with people that have free time like yourself.
Join a club of any hobby you love and that's how you meet new people. I never get bored, cause there's so much to do and discover the beautiful world we live in.
I always love painting and could never get a chance when I was working 50 hrs per week.
So now I'm blessed looking at nature and with a glass of wine I can paint whenever I want.
There are many more activities I do, we have BBQ'S with friends every weekend etc God Bless 💯🇲🇽🇨🇦🇺🇾
Guys, since I am in poor health at a young age and forced to live like a 70 year old most of the time and knowing I will not reach retirement - let me tell you this: Your lifetime and energy are ALL you have. Once you look your mortality into the face, you will learn exactly the same lesson every person learns at a certain point in life. However, most are just not forced to realize their mortality, because they are young and sure that they have a „later“. It is like the recklessness of adolescence that needs some kind of age to wear off. Well, here I am, not even middle aged and already learnt: Every hour of my life needs to be spent well, in a sense of me feeling content. Stuff that I do needs to „earn“ my time, because that has the highest value. I have a seriously hard life, but that gave me a gift: seeing the value of life in its best way. I can be happier watching some birds on the balcony or enjoying the light on water than anyone drinking their ass off or anyone buying a new car.
So yes, if you are not in danger of dying from hunger or living on the street, then you CAN work less and do something you enjoy. And because you enjoy it, you willprobably excel at that! What you lack, is not opportunity, but guts.
I wish you happiness and so that you can enjoy your time. 😊🤗
Very useful and sincere advice, thank you
GOD BLESS YOU AND THANK YOU FOR THIS COMMENT. IT WAS REALLY NEEDED!
It's good to have people like you to share your experiences. You help other people to grow.
😪
I walked out of my job and went back to school. I got my degree in two years, then took a year "off". That was an extremely busy year. You would be amazed at how much you can accomplish when you don't have a job.
@Wojciech Pordzik You missed the point Debbie Downer.
This "9-5" is the most soul crushing thing anyone can put on a young person. That's the reason I quit my job 3 days ago. I only worked here because my parents put me here, and whenever I wanted to leave, they said no and yelled. Take control of your future, you only have one life.
Who works 9-5? 8-5:30, 6:00, etc. work thru lunch, or 1/2 hr lunch, is more what most managers do.
U shod see some people work 10 to 11 hours here
I hope ur doing well now!
Here in Mexico all the works minimum wage or not are 12-15 hours work shifts. All I want is to leave this country asap
How you doin now my dude? What do you do to make money?
Tim's book is filled with unrealistic goals. Outsourcing your time to others usually means you are just passing the shit to someone else, which doesn't really solve the underlying issues. Instead of trying to be rich with 4 hr work weeks, do what you love but be happy with what you have if you can.
How does outsourcing not solve the underlying problem?
thanks! for me... try to enjoy every moment of your life.. even if youre working... its so true... dont wait to retire and enjoy or do what matters to you..by that time...youre old..fragile... you may not have enough energy...may even be suffering to an illness already..since our body doesnt last forever... its inevitable to get weak at old age....do it while youre still strong...and dont forget exercise... i read in a book before.. the only time we live.. is in the present...not in the past nor in future...i wish you all a happy life! lets figure this out! ..love from the philippines! 😊
**Takeaways:**
* Retirement is also very boring.
* What if retirement wasn't an option?
* Don't have the retirement as the end goal!
* One dollar could value more than one dollar!
* It depends where you live and how much the cost of living is.
* The absolute income is not correct, but the relative income is.
* Avoid work for work's sake
* Doing less is not equal laziness.
* Efficiencty vs. effectiveness.
* Efficienency:
* Performing a task in the best way.
* Effectiveness:
* Doing the right thing.
* **So be effective then be efficient!**
* Pareto's Law
* 80% of consequences come from 20% of causes.
* 20% of your efforts produce 80% of the result.
* Identify the 20% and focus on efficiency.
* Buy youself time by outsourcing
* Doing is not the end goal. Doing what you love is.
* Spending your free time to learn. (**To live is to learn**)
I have a pretty great memory, so I just put my effort into memorizing everything he said in the video while watching it, so I could save myself the time of writing it down. But now you did it for me, so now all I have to do is copy and paste it into a document. Indeed, not all heroes wear capes..
This video is wrong in many ways.
I make 120k working 50hr a week living in the midwest. This isn't a crazy goal to achieve. I have a family and my Wife is soon to be a nurse. We save a lot, but still put enough money on the side to do fun things. We saved over 45k last year, all went into ETFs and Index funds. Sure I could have spent this on improving our lifestyle, but honestly people are better off trying to create generational wealth. My kids are being taught the value of money, so they can use it to their advantage. Not their disadvantage.
I'm sorry, but you can't just think about the now. You gotta plan for the future too, and balance both. Sure a freelancing job with low hours and good pay is great, but if you are not investing money for the future you are screwing yourself. Which is sadly why the lazy people in my generation that think living the luxury life now is the way to go are going to get hurt the worse later in life.
Unless you like the idea of working until you die, you better plan on having around 2million+ in your retirement accounts when you retire.
Ty
@@halo37253 good argument but key is balance of both worlds I think!
@Andrew LaRue If you're able, do it now. It's the best advice I never took.
Travel the world, climb those mountains. Once you get into the 'work to live' cycle you'll find it hard to do all those things later. Also, as you get older your priorities will change.
So do it, go now and don't regret a thing.
I'm nobody but I wish to leave my 2 cents on this:
A good job for me is a job that enables me to learn new things everyday. Everyday being a different day, with different challenges. Experience comes from learning.
If your job is tedious then the only benefit is the salary. If you are learning, then you are taking something that is worth more and you probably can use it as an leverage to a new, more valuable job.
Stuff like this is for people who don't want to work. They fall for it because it makes them feel good, when the truth is right in their face. The people who have done this and who are not trying to sell you something can tell it's 50-80 hrs a week to be successful at this scam.
@@JaysonT1 what are you talking about? I've done exactly what this guy is describing and it's worked wonderfully for me. The main thing is finding jobs that can teach you how to advance and that have an advancing opportunity in same or similar fields. For instance I started washing dishes for 2 different restaurants which lead me to a car washing job. That car washing job taught me how to detail a car completely, wash, wax, and buff a car the right way completely. Wasn't long until I started using tools and helping with body work. The four years there lead me into a job building tractors with similar tools and auto body experience. Which lead into construction, heavy machinery operations, which lead me to an engineer position where I'm now going to school to because a architectural engineer. It's all about your drive, intelligence and strategy.
I was blessed enough to be able to retire early 11 months ago, after doing almost 40 years in a job I hated of course. It was a cheating wife and divorce that drove me to re-evaluate everything and get out a few years early. I love retirement. This past 11 months have been the most enjoyable and satisfying of my whole life... maybe retirement isn’t for everyone, but it worked for me.
@Mochizuki Tadayoshi I wish you well 😀. Three years in and I’m still loving this life.
Everyone in my family has always been telling me that you need to make as much money as possible. You then use that money to buy a giant house, and new fancy cars. That's just what you do, that's the goal of life. It took me many years to realize that I don't care about giant houses and new fancy cars. It took me many more years to realize that if I don't need that expensive stuff, I don't need a lot of money. Why am I aiming at making a lot of money, if there isn't even anything that I want to buy with it?
thats because they have the wrong idea of what life realy is. but you know what life is realy about. but you do want to make as much money as you can. notfor materialisticthings, but for financial freedom and make sure you will never be in a money pickle
@@richyoung4051 this is the only reason i want money stability, i decided i dont want all the fancy things im not 10 years old anymore dont need shiny things. Am happy to have a flat/ appartment but travelling the world making memories with or without family is what life should be about.
You may want to read this book: "rich dad poor dad".
I think I Just Want Freedom and To Be Able to Go live Near a Beach and Just Enjoy Life!
If you're bored on retirement, it is because you have no hobbies. In your 30-40 years of working, you should be building your hobbies up and when you finally retire, you devote your time to that rather than giving up 1/2 of your day you are awake. If you retire with no hobbies, you will probably go nuts (especially since you will likely be alone - your kids grown and left and your wife/husband won't want to be around you 16 hours a day).
My dad's hobby in retirement is watchimg TV. It's hasn't been a very healthy retirement imo.
Ya or pay it back! What the heck. Life is what you make it, no matter where you are in your life. Volunteer. Do something for your community or those in need. Make a difference, lend an ear...small narcissistic whats in it for me thinking is the silent pandemic
I read this one recently - your summary is great and you really get to the point. I love this refresher!
This reminds me of a story read once where an IT guy out sourced his job to somebody in india and basically had the guy do his job for him. lol
True XD I live in Bangladesh and I work for 5 dollars an hour xd it's good pay here though.
@TJ Thunder Guys, thanks for these infos, it is such a goood thing to know lol!
@tj thunder couldn’t have put it into better words 👌🏾
@TJ Thunder I work in Mortgage.. A company I worked for once had a call center in Mexico. They were great and did a really good job. And getting paid like 300 a month. I knew once I was done training them Id be let go. Lol
BodhiZaffa lol I remember this story. The guy got in massive trouble does because it was a government job. It had a lot of personal information included.
I remember working in manufacturing where there was "mandatory overtime". These generally hardworking but underpaid guys slowed down in the first 40 hours to make sure they would get the overtime they needed to pay their bills. I was called to the carpet by my boss for a lack of willingness to work overtime, despite getting more work done in 40 hours and chewed out by my coworkers for threatening their overtime. Ugh!
James Dunkerson, well yeah. They want the extra pay
well to be fair, if you could you should've just ask that you want don't want to do overtime and get home early than the others. I just tell my boss that i'll be going home early since I finished my work on the day and it ends up just fine.
This isn't so much a reply as it is a comment on overtime. Overtime is a game. Some people want as much overtime as possible because it usually pays time and a half here in the USA. I found out real quick when I thoroughly looked at my check stubs that I was getting bent over barrel by the tax I was paying by working overtime! Don't mget me wrong, some overtime is good, but it can work against you if you have too many hours of overtime. Too much overtime can also take a serious toll on your body and overall health. Take care folks and don't get taken advantage of. Peace
八雲黒崎 well unfortunately not all bosses are so understanding... I’d think that if this person could’ve just asked and gotten that granted, they probably would’ve
"lack of willingness to work over time" what does this bitch expects?? That you waste even more time in that shitty office?
You are amazing! I'm so happy and blessed to even see you in the sea of videos in youtube! You explain things in ways that are easy to understand even have examples of it! I hope many people will see your videos! They make my day :)
"What if retirement wasn't an option?" I haven't read a phrase that forces me to think about in such way in a long time.
First being effective(doing the right thing) then become efficient(performing a task inthe best way possible). 🔥🔥🔥this enlightened me!
Brilliant summary of a great book - THANKS!
I received my confirmation from this video that the DEVINE has sent to me....i knew i was doing the right thing....working smarter not harder....thank you for the Awesome video...will get that book!!
Working for a boss sucks after 40 years you have lost every thing good (Time, Health, dreams, Hope) To pay for the last +-20 Years medical bills and making The Pharma Industrie Richer
I am loving your videos man. Thank you very much for posting these.
Never got bored at home...
Something my math teacher said in high school stuck with me, and that was over 20 years ago. He said, 'Mathematicians are some of the laziest people in the world.' Lazy? Maybe. Stupid? No. This guy was a Mensa member and ran circles around most people.
I think outsourcing can quickly become a slippery slope. Outsourcing a lot of things is an efficient way of doing things, but only works provided your income remains high. If your situation changes, you may find yourself molding your life to facilitate all the stuff you've outsourced in the first place (cleaner, gardener, accountant). A lot of menial jobs that we don't like are often outsourced first, and it's those jobs that should give you joy, they can be the most mindful!
So grateful for this video. The book has always intrigued me, but now I know it is full of basic info I'm glad I didn't waste time on this.
So happy your channel is baaaackkkkk
The four hour work week is a book that changed my life.
Great subject!
Right now I can't buy you a coffee but I can express my gratitude for this video!
Keep going, nice job!
As the other videos, I love this a LOT ! Thank you for creating them!
If you refuse to go into debt or rent your lodgings you never really need to work a standard week in a standard job. You may have to make early sacrifices in your life to do this, but you'll reap the rewards in time and money.
By the time I started college I'd already paid cash for a VW camper to live out of--in a southern state. I bartered my cooking skills for the opportunity to park my van on rural land, which also allowed me to cook on the cheap. By living in a minimalist way while pursuing my education and doing odd jobs, I'd saved enough to buy a small piece of land.
Marrying a likeminded person allowed both of us to live out of that van while building a basic home. Eventually, we hooked up electricity, put in a well, and converted the outhouse area to a septic system. Our first refrigerator ran on propane and we still have it. Since then we have put in solar ourselves, to run LED lighting and supplement. Instead of getting jobs, we created jobs in the local farming industry. By keeping our needs small we kept our dreams big!
Thank you for this 👏
You’re not going to feel like doing too much when you’re old if you get bad arthritis in later years. Live your life now.
Currently reading 4 hour work week. This is a great refresher for whenever I need it
The first video of yours I watched was about doing a dopamine detox.
I did it and that day was better than the day before.
Most every video you put out is literally helping me to be “Better than yesterday”.
Thanks for putting so much work into explaining things clearly. Also you have a cool accent!
Thank you for this video, really enjoyed it and helped a lot! 👍🏻
Thanks for watching :)
What you call outsourcing makes me think of Ricardo's Law of Comparative Advantage
Great video 👍
Thank you ,God bless you.
Great summary of a classic 👍🏼
Great video! I'm still very young so I definitely try to build my life according to all these tips
Jane: I've won. But at what cost?
This was a great video! Thank you 🙏🏽
I can recommend the book. It does a great job of giving you examples and tools you can use to streamline your work. The virtual assistant was one of the best parts for me. The first half of the book was more to inspire the change, the second half was how to continue that change and make you more efficient. At least that's how it came across too me.
I agree. Want to mention though, when deciding if you should do something yourself, it is important to think about your income divided by 16 hours. We don't make money every hour of the day. We are awake for 16. Otherwise you could say getting food delivered if better because it is not worth your time, but in reality you should go get it because you do not make enough divided by 16 hours
Why 16 hours? A day has 24 hours. Not everybody sleeps 8 hours a day. Some people less. Some people more. Some people earn money when they sleep
(a so-called passive income, for which he invested time on forehand) but we all spend money while we are sleeping.
A millionaire: “Hey cook, I am hungry, serve the dinner.”
The cook: “Can’t do it, I am in Thailand, focusing on a more important things.”
How you are going to live if people who fix roads and pipes, sell food and cook, wash your cars, all start living what you recommend? Where you are going to take time to do all of that yourself? Can you even? Any approach should be a thoughtful win-win system for each and everyone, not a recipe for privileged to use others. Otherwise it is a dead end, it is not scalable, there is no synergy. If there are 8 billion people and all 8 billion need a cook to delegate to, then no one gets a cook, not a single one, so this entire idea is conditional, selective, and thus not working for everyone.
If everyone did their part, we would have already been working FEWER hours and increasing the quality of everyone's lives. But greed and lust turned the rich and middle class into, entitled entrepreneurs. I see why few righteous people would tell me to walk in Christ's footsteps. Because if we all contribute for the greater good fairly, the world would be a better place. I'm personally working on that while I'm unemployed and newly homeless. I pray the world would share this vision together now. There's no need for billions of dollars sitting in banks when our full potential in humanity is priceless! The most precious resource is caring for each other.
This is a ridiculous comment. If I am the only cook in the entire world, I'm going to charge $10,000 for 30 minutes of my time so only the ultra rich can afford me, and then I'll pay someone to do everything else for me.
If you don't understand how basic supply and demand works, this video is going to be very confusing for you. Also, you shouldn't even be thinking about scalability without basic economic knowledge.
@@benbosco7904 Well, you won't have people to delegate to. They all are dead because they starved, because they were not ultra rich enough to efford the food from you. So ... doesn't work.
Imagine an 8 hour surgery, and right in the middle the surgeon says it has been 4 hours already so he is going home. Or the power grid damaged, and electrical engineer will be available next Monday at 2 pm only. What I was trying to say, is that there are so many hard working people behind the infrastructure we live every day, we take it for granted. But they have to keep going those services 24/7. Here and now. Not via zoom from Fiji.
@@benbosco7904 you're going to charge 10K for ramen noodles? You're part of the problem, money was used in early civilizations to civilize barbarians who were tired of their miserable existence in the natural world.. also universal income is nearly here and China is implementing Social Credit by the end of 2020. So we can expose the bullshitters like you (I hope). We're slowly phasing out money and focusing on merit because there's alot of snakes in the grass. But there's enough good people in power that see the potential in the general population. People like you is why past civilizations and societies collapsed. Because eventually tyrants get decapitated. You wouldn't be a cook, you'd be a crook!
@@Tetianka.Ukrainka that rebuttal was well put. If I had a friend like you to talk about the "funnies" in the comment section I'm sure we'd be best friends by now... because you're absolutely right. It takes a village was not just an expression. I'm sure tribesmen figured out that they should take turns sleeping in the middle of the night, JUST IN CASE. No need for further explanation... not unless that ultra rich cook has an ultra rich solution for that situation as well...
You are doing a wonderful and necessary work. Thank you and cheers!
Hmm this gives me an idea. Very interesting ideas. Thank you for filling in a blank or 2 I was missing some info to make some things happen.
There are a few good concepts in this video but that comparison was so extreme and rare that it hinders the author’s point. I’ve never worked more than 48 hours in a week and don’t know anyone that topped 70 so the regular 80 hour work week in the example is ludicrous. That’s 13 hours and 20 minutes of work every day for 6 days a week for 50 weeks! Also, I doubt the cost of living for both cases. I know that travel home to visit family, visa costs, and health insurance add to the Thailand living expenses. I think a better comparison would be the median wage, work week and living expenses. Then, how easy is it to make $50,000 working 20 hours a week? It’s kind of rare. So, the comparison is bogus but it does illustrate the point to consider all costs when evaluating employment opportunities. I agree with considering alternative work and self-employment but most folks in the gig economy and vloggers are working more than 20 hours a week and few are making $50,000 or more.
Americans work more than 40 hs/week because they can't pay shit.
Zorish, the average hours worked per week in the US was 34.4 hours in April 2019 and 34.2 hours in April 2020 (for those that have employment) according to BLS.gov.
You haven’t been to Texas lol 70 hours a week is normal
Thank you for summarizing..
Best video I’ve seen today 👍🏽
the thing I always get stuck on is the following: imagine we all would do this, found companies and stuff. We still need the people that work for us, need the amount of people to pay for our product or service. Even real estate, it would not work if everyone would start to buy real estate. Because there simply is not enough.
That's the question I always ask myself. Can this work for all of us?
And if not, what I think so far, what can we do?
And thats why I think concepts like UBI are so great. Everyone would receive enough money to survive and on top of that they can pursue a job they really enjoy. I mean, not everybody wants to found a business. And people like us need good employees.
Property taxes have made retirement impossible.
In TX
@@Gyaj2 I haven't had health insurance since 1985. Anyway, I'm retired, so I have Medicare.
Healthcare costs are more.
Thanks for Givin the advice on life lessons truly means alot.
"You are not a brand, you are not a job title, you are not a social media bio.
Whatever set notion you have of who you are, what you're capable of, what you're supposed to be doing, forget it.
You're a complex human being filled with imagination and wild ideas.
You can pursue any and all of them anytime you choose.
Go ahead, explore every talent, every interest and passion that no one, not even you saw coming.
The world is full of surprises. But so are you."
Definitely productivity is the most important thing and companies are slowly shifting their organization structures to apply these concepts. In the example of the video, sure Mike might have more time but Jane can leverage that experience to earn more and eventually become a CEO or start her business which will generate her good amount of compensation. It's not necessary a bad thing if you work 80 hours a week for a year or two in order to set yourself up for bigger things. Of course that's not for everyone though. Like the video mentions in the end, you should do what excites you and have a plan and purpose of what you want to achieve in life.
Good point! Like you said it depends on each person’s goals and what excites them... but if you do fall in that category of people working a ton to advance and become CEO, make a ton of money etc, it’s definitely important to ask yourself why you desire to have way more money than you need. Like he mentioned in the video, wealthy people often end up feeling depressed and empty, and that could be because wealth really didn’t bring them the happiness they sought. Studies have shown that there’s a plateau of level of happiness once a person reaches a certain salary (not a very high number, I think it was about $75,000 if i remember correctly)... just goes to show that chasing money is probably a waste of time to a point
Mikes eyes are drifting a little below Jane’s eyes there
Loool
Yes but mike has the money to woo her
he even hearted your comment lmao
Well deserved cup of coffee. Thank you for the content you make
Powerful life-changing concepts inside this book. Thank you for the review
Your channel needs more subscribers
Absolute awesome summary! Very well structured video. Great work. I need to reread this one :)
Thanks! I skim through it at least once a year, to remind myself of some key lessons :)
@@BetterThanYesterday I'll adopt that practice as well😊 That's smart.
I like the narrator. Clear pronunciation.
Thanks for an amazing video & I just bought the book aswell. So looking forward to it. Thanks
So, the answer is that everybody should work online.. Clever
Or it means not to try so hard at werk
Thats also my issue with this video. Not everybody can just outsource and work online, though those who try hard enough might achieve this lifestyle.
And some work isn't that boring, it's just what you do with it and how you feel about it. Some people work a meh job and are just content with what they do. And any job can get shitty, even if it's a dream goal you work towards. And some people are happy with a simple lifestyle and feel alright. It's the stress that stresses you out and not the job itself
I got an opportunity that may work for you, let me know 💪🏽
This app makes perfect sense until I remember I have a wife and kids who don't think the same and are quite happy Eith their lifestyle
I think the point is work the way you love, if you love your job the way it is, then do it
What program did you use for the animation?
i really love what you put out there
I read this book in 2016 and it changed my outlook on my life and my career. Fortunately, I love my job but I'm also developing a side business that means I'll should be financially independent in the years ahead and free to do whatever I like. If that means staying in my job, that's OK. If it means doing something entirely different, that'll be OK too. Either way, I'll be free to choose.
wowww i didnt know i needed to be on 50 grand a year and only work 4 hours a week, thats where i going wrong, thanks for telling me it would of never of occurred
Have fun with your retirement! All concepts just flew right over your head :)
good presentation
Thanks!
This book has helped so many entrepreneurs, it is amazing.
Good job man, its just another perspective to see the same world we all live in. Very motivational.
Great book...Clearly explained..Loved this video...
Its funny, one of the attributes I look for in employees is laziness. I want the person who doesn't want to work 12 hour days and is going to find a way to speed up and automate everything.
Are you hiring?
I just heard this!! NASA often hires the laziest people as they find the quickest way to get something dobe
‘I’m the laziest person I know’-Benjamin Franklin
@@peterfallon4018 Winston Churchill also famously lazy and would often work from his bed. He referred to it as "an economy of effort."
That's not how the real world works... in my experience the hard working employees are the ones trying to maximise their value to the business, and they also try to automate as much as possible & eliminate manual tasks as part of this. Lazy employees, on the other hand, are happy with the status quo, they don't try to innovate or change things, they just keep doing the same thing over & over again, and clock off at 5 on the dot every day. I think you might be talking about "lazy" people amongst a pool of brilliant candidates, who are already amongst the smartest & most hardworking of the population.
Great tips, grateful for the wisdom.
I really enjoy your videos, they're quite informative and very knowledgeable. Great job man 💪😎🤘 you got a new follower
Time is money & money is time. U either pay money to free up time or use time to free up money.
this is me, I make 20,000 a year and can't save money cuz literally the cost of living is too damn high
Thank you for saving my job and my life.
i always go back to your page for reminder, your content really help me thank you
So nobody's gonna talk about what mike's eye is lock onto?
LMAO
Mind your own business.
I thought I was a perve. So many other people caught Mike's gaze and I missed it. Well done. Perve =D
I was able to retire at 40....I'm 45 now, and have been enjoying freedom.
So are you saying you agree or disagree with what's being presented here? Did you get there by just working like crazy, or with the methods explained here?
@@boneymacaroni13
I do have an MBA and was planning on following the mindless way of life of the USA......but I found a short cut without planning it.
Retired from the military, my wife retires next year at the age of 40 also.
And we will move to the Philippines to stretch even more our retirement.
So in part...yes.....we had already planned to follow the concept of lower cost of living for better quality of life.
@@Dangic23 So part planning, but also kind of blind luck in a way... man if that doesn't seem to be the common thread for experiences such as these.
Thanks for sharing, and I hope you both really enjoy your freedom 💜
@@boneymacaroni13
Yes....the military one was blind luck...lol....had no plans to stay in, was just taking advantage of the free education benefits to complete my MBA.
Dangic23 how can people NOT know what to do with their freetime? that’s the most depressing thing about a capitalistic society: you’re so not used to have freetime to just BE YOURSELF that when you do you don’t know what to do with it. all we are taught to do is work. is this what human life came to be?
Best video I have ever seen👍
This video clarified a lingering question.....ty!
I work from 8 am to 6 pm 5 days and then from 8 to 2 on saturday, sometimes we do not finish the job on time and gotta work after hours or skip our meal time
9-5 and weekends off seems like a dream to me
Quit. Plain and simple. Quit. Quit. Quit. Quit. Quit. Quit. Quit. Quit. Quit. Quit. Quit. Not worth it bro.
It's sometimes not that easy. But yeah. If it's possible
Had to work a job where traveling back and forth took one and a half hours. I was young then and it was my first decent paying job plus my parents really put the pressure on me to keep this "dream job". It turned out to be a nightmare, the monotony and almost no time broke me and i ended joining the military for a short contract to reset myself. It i had known that im better than that worthless job i could have found another one to pay my rent instead of falling to depression..
What kind of job do you have?
Man thanks. I just finished university last year and before the lessons ends, i find a job with a company in Swizerland, which wanna make a videogame with educational purpose.
Now i study videogames for 4 year and this opportunity is something amazing, i still work now. But i had to change place again and now i'm in Germany, so learning a new language, new home and still living with my parents.
They(as i think) want that i try to find a job in a company here... but i pref live by working from home with my current job and game development, and after this game i still have one idea i wanna show them and maybe get another opportunity for my game(yes, even mine have educational purpose).
I really wanna work from home by making games and having my fun time, my breaks, etc... i don't really wanna wake up in the morning, go to the office and stay there till the end of day! kinda boring.
It's better like i do now, i'm only the programmer and i'm not alone in this development. What i like is i decide how/when to work, ofc i do it in balance, and i can keep a break or end when i want or i can be free to take a day and go out to meet new people and speak better Germany.
That's my dream and i hope i can achieve that one day. But first i have to finish this project and hope it can help me make enough money to move out from my parents and be able to live alone and without their help(financial support i mean).
PS: who know's maybe one day i will meet a girl like who have some skill in game development and we will work from home as life style :D now that's an EXTRA on "My Dram+"
Excellent summary! This is "food for action" for me. 10:32
"Again the point is to free your time to focus on bigger and more important things." Or more profitable.
11:40
So the basic idea here
is to get in to the habit of outsourcing unimportant things and to buy yourself time so you can
focus on the things that are important to you.
3:31
You want to continuously challenge yourself, not be idle. Start playing a sport, learn a
new language or play an instrument. Read more books, focus on improving yourself....
14:00
... Always keep on improving yourself and do what excites you.
Great video really insightful.
Brother, this content is so refreshing. Everything the next generation needs to hear as they step into the work force. Keep up the work!
I never understood people who become depressed when idle, i.e. during a long period of no work. I once made a sabbatical for 1 year and 3 months and did not work a job at all, apart from some work in a garden to grow my own vegetables. It was one of the best times of my life. I didn´t miss the fucking office a single day. It is just awesome to wake up in the morning without alarm clock, no annoying e-mails to check, no horrible useless meetings, no phony pretending that you like your job. You can just be lazy all day long, perhaps not even get out of bed until 3 or 4 in the afternoon, you can read the greatest novels of the greatest writers that ever lived, learn languages, work in your homestead, whatever, or just sit around and be with your thoughts for hours. I think depression due to idleness is only happening to people with low intelligence. Intelligent people on the other hand see the profane tasks of earning money as a necessary ordeal and once they´re free from this annoying obligation, they can finally start their "real life". I can´t wait to finally retire early and say goodbye to office life forever.
Thanks! Keep up the good work :)
Good summary! If someone already read it. But the book keeps a lot of important details to offer. So, for those, who only saw this clip, don't rush to make final conclusions... Especially if You are looking in a real change in your lifestyle...
“There’s only so many pina coladas you can drink before you want to do work again”
Say what now?
This theory has not yet been proven
The “deferred life enjoyment” plan
Great animated summary!
Great summary!
We've got an important update. We've contacted Jane and Mike for comment.
Jane said that job was her life passion, which made her feel blessed and excited for every new day. Those 80k was enough to care for her sick mother and to provide both of them with everything they needed to live in the city they loved. The other 20k they donated to various charities every year. Eventually, she took over the CEO chair of the compny she had helped to built from scratch.
Our email to Mike has been left unreplied. Later, his father, Anthony, shared with us that unfortunatelly Mike had tragically passed away from choking on a durian after he learned somebody had stolen a hosting password to his funny socks dropshipping business and his blog on how to start a blog. The two hadn't seen each other for 7 years prior to the accident.
What if Jane should have been taking care her kids like God intended and finding a good man like Mike. If Jane was there like a good mother her kids wouldnt have joined the local street gang and hooked on that good San Francisco Crack Rock. Now all Janes neighbors are mad at her because her kids are stealing there stereos and laptops.Thats my thought
Rolo Orozco, No one deserves to be poor just because of old fashioned values. Though it would be nice if at least one parent could always be home to look after the children, that can’t always happen. (I know of a lot more men willing to stay home with the children and be a househusband though, so I said parent rather than mother).
I have a coworker so dependent on her job (missing is detrimental) that she can’t afford even one day off to take care of her son, so she brings him into work when he doesn’t have school or is sick.
Be more flexible and don’t judge. But live the life you want to live. That’s one of the best things you can do. :)
@@roloorozco1489 - ..........or Jane simply never wanted kids so she didn't have them. Or maybe she had them and her spouse was the primary at home parent. I dunno where you pulled 'Jane must be a single mom neglecting her kids' from but your hypothetical sounds like it's from 1958.