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The New Rich

By: Stephen Dew

The Four Hour Work Week (T4HWW) author Tim Ferriss.

A short summary of the book by Tim Ferriss.

Ferriss uses the acronym DEAL for the four main chapters in his book. The acronym stands for: Definition, Elimination, Automation, and Liberation. Furthermore, Ferriss makes note that if somebody has a regular job, the order of steps will be DELA, not DEAL.

I read through the book in a matter of days and the key ideas are:

  1. Principles- The philosophy of life! Set goals and targets.
  2. Time Management - Become more efficient. The biggest wasters of time being; lack of empowerment, Time wasting and Time consuming activities which don't achieve your goal. He discusses eMail at depth.
  3. Manage people and processes.
  4. Create an income machine.

There are some challenges in implementing Ferriss' plan:

In conclusion, a terrific insight into one persons journey to different lifestyle. It's all about how to get to a 4 hour work week.... Yes! I said 4 hour work week. I have recommended the book to people I know, so get a copy and read how you can take control of your life and become one of the "New Rich".

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