Notes taken while reading THE 4-HOUR WORKWEEK. I do not endorse the content of the books I summarize. I share these notes for pure educational purposes.
The new rich are unique in their thinking and behavior. They consciously pursue a life full of options. The are able to do so because the design their lifestyles—and set their goals—based on certain values and life-philosophies they believe in.
Consuming and accumulating possessions isn’t the main goal of the 4-hour workweek lifestyle. But one should be able to get what he/she desires (At least on paper).
Purposeful pursuit of material wealth using clearly-defined goals, deadlines, and roadmaps.
Be the owner (neither the boss nor the employee).
More quantity (assets, options, etc..), but not at the expense of the quality of your life.
Make sure your work towards frequent cash inflows instead of fantasizing about about a remote big payday in the distant future.
Make the freedom multiplier work for you by carefully controlling your 4Ws: what you do, when, where, and with whom you do it.
Don’t follow a model that doesn’t work. If the recipe sucks, it doesn’t matter how good a cook you are.The 4-Hour Workweek
Interest and energy are both cyclical and moody. Full retirement is the worst case scenario. Instead, aim for frequent and cyclical mini-retirement plans.