4-Hour Work Week Impressions

Thursday, 13th November 2008

The 4-Hour Workweek is one of the most important books I have read in my life. Some of the information in this book might not suit certain people, but it suits me very well because I am a free spirit and this book gives me a roadmap on how to achieve a free and easy lifestyle.

I have read the book 2 and a half times and I am in the process of completing the exercises in the book. I am in the process of completing Tim’s Ideal Lifestyle Costing worksheet. It really is quite amazing how cheap I can live my ideal lifestyle outside of my country. Tim helped me to get out of my old and outdated idea that I had to be rich before I could travel and live in multiple countries.

According to Mercer’s 2008 Cost of Living Survey, Singapore is ranked the 13th most expensive city in the world, ahead of New York City, which is ranked 22nd. I plan to move to Australia next year and before that, I am planning to schedule a “mini-retirement” to Thailand. Both places have lower cost of living than Singapore and I would be able to stretch my USD earnings over there. The cool thing is, USD has rallied in recent days and weeks, while AUD has dropped below the SGD. That makes things cheaper for me in general because I earn in USD.

Tim Ferris is a big fan of outsourcing. I will implement some of his freelance suggestions to see how far it can take me and how much work I can delegate through freelancers without breaking the bank. I have recently purchased activeCollab to organize my work and documentations so that I can hire full-time freelancers to do some work for me.

I will write a full review of The 4-Hour Workweek once I have completed all the exercises in the book. Most people will never complete the exercises in the book and it took me a while before I got my act together to write down the answers to some of the exercises in the book. So, if you’re one of those procrastinators, just do it!

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