Introduction to the New Rich | "The 4-Hour Workweek" Part 1

in blog •  2 months ago

Our society is plagued with arbitrary schedules and laborious "busy work" that neither make sense nor fulfill our individual destinies and desires. Most people find themselves digging an endless hole in the work environment. Earning money to buy more stuff that they don't need which ends up requiring them to make even more money.

Having a life of meaning is much more exciting. Doing the things that you've always wanted to do:

  1. Traveling the world
  2. Building a business around your passion
  3. Making content about your passion - being a creator

You don't have to be a hamster spinning in an endless wheel, running a marathon for no apparent reward or end game. Waiting your entire life until retirement is absolutely overrated and fundamentally unsound.


Intro to the New Rich (NR)

Tim Ferriss is one of my favorite authors, he's written several best selling books (I've lost count at this point) and I've been an obsessive listener of his podcast since I was 16 years old.

Back when I was 16, I read his book: The 4-Hour Workweek for the first time. I recently decided to pick it up again as things in my life have been drastically changing.

My life is going in a new direction now and I credit Tim's work for a lot of that.

He begins the book by explaining how he found himself overworked and running in an endless and meaningless loop in a quest for more money.

I found that I ran into a similar situation over the past several months. My business started to take up so much of my time that I had little time left over for the things I truly enjoy.

Reading Tim's book for the 2nd time has already been an incredible sense of relief. It forced me to rethink everything that I do and finally, I'm making more time for the things that I actually want to do in life - like start a vlog, read more, write more and be more creative in general.

"The New Rich (NR) are those who abandon the deferred-life plan and create luxury lifestyles in the present using the currency of the New Rich: time and mobility."

Having freedom of location and free time really comes down to automating your income, as Tim will go on to talk about in the book. Automating your income is hard, but it's not as hard as most people think. There are so many different paths you can take to automate your income, as long as your creative and honest with yourself, you too can achieve this "New Rich" status.

The first step is to define what you actually want in life. Most people think that they want to be a millionaire.

They think that having a million dollars in the bank will solve all their problems and make them happy because then they'd be able to do anything that they dream of.

In fact, having a mill in the bank isn't what you're actually chasing. You're not chasing the idea of being a millionaire... What you truly want is to live like a millionaire.

To live like a millionaire actually doesn't require that you be a millionaire. If you want to travel the world and adventure and enjoy a life filled with rich experiences, you simply need the qualities of the NR: freedom of time and location.

"The commonsense rules of the "real world" are a fragile collection of socially reinforced illusions. This book will teach you how to see and seize the options others do not."

For example, traveling the world can be done on a budget of $1,000 a month.. You'd be amazed at how far $1k/mo can go in terms of adventuring life and enjoying the best experiences that the world has to offer you.


A Unique Opportunity

What excites me most about re-reading this book now almost 5 years after I read it for the first time is that Steem has entered my life.

Steem didn't exist 5 years ago when I first read these ideas of becoming a part of the NR. Of becoming free of the burden of earning money in a physical location and for a certain amount of time each day.

Steem offers all of us Steemians a unique opportunity. A unique way to achieve the status of the NR that Tim talks about. The NR is closer to us Steemians than to anyone else on the planet.

You can start creating content today and start earning an income today. It may not be much at first, but if you're consistent and you put your heart and soul into what you do, then I'm confident that you can earn enough income each month to support your lifestyle.


More will follow this post. I'm going to keep digesting Tim's book and relating it to Steem, I hope you enjoy these posts as I compare and contrast Tim's ideas to the new world that we live in. A world where anything is possible and where anyone can join the NR by leveraging Steem and the DApps built on top of the blockchain!

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inspiring..

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Like
En sus inicios la la bicicleta no tenia pedales

nice experience

I think traveling is fine but love spending time building businesses more than just traveling for sake of traveling

Cool post, I am a big fan of Tim but I never actually read the 4 hour work week, although I have read some summaries of what it is and It seems a great idea. I am working now in the hope of doing the same.

This is how we live in a system where we ourselves decide whether to continue in or fulfill our dreams

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

Yeah...4 hour work would be better than the 100 hour work week most are doing

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100 hour per week? wow... most people I know have around 160 hours per month

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Yeah too many hours for sure...

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Motivated by this post. Thank you for sharing your knowledge. It will really help others especially the newbies.

parece un cuento de hadas maravilloso...muy interesante

Hi if we vote a post do we get a share on the reward , sorry cause im new here

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You have to vote early, you get more rewards if you're early and the post is popular

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Yeah... It's called curation rewards.

I knew when I read the title that you were talking about Tim Ferris. He has developed a game changing philosophy and I could not agree more.

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Beautiful, inspirational write up...

Agreed. Believe it or not, what I think he's referring to is itself a very old concept that has been abandoned in the pursuit of "stuff. "

And now I have another vlog to record. Thanks for the inspiration. <3

Hi @khaleelkazi I'm a bot, and wanted you to know that I've upvoted and re-steemed your post to help you with your promotion efforts! -exp

Excelentes Palabras.!!

Doings things i love to do?- travelling the world !!
Nice posting!!
Thank you for sharing!!

it's obvious that in this time and age one doesn't need to have 9/5 job to survive. There are are endless opportunities awaiting those willing to explore the inknown-- do things differently. The world has become linked in such a way that one can take advantage of the opportunities elsewhere--in another country from their sitting room. there has never been a time before where people can freely pursue their passion like now, thus, the chance to live a fulfilled life is much more feasible now than then in time past.

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I have not read this book, I might have to look for it. Your post describes exactly how I feel, and where we are in life with early retirement being the goal. Realizing that we are done with the hamster wheel. It wasn't awful spending most of our time running, but it will be so much more rewarding to be able to explore outside that one wheel of space. Looking forward to reading part 2!

Great post! I'm definitely gonna check out Tim Ferris and his books! Thanks!

Dear author, I really like your content! You’re writing in a very interesting manner!
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Wow
Inspiring and very educative but can steemit make u a millionaire?

Travelling is a good hobby.This is a learning and inspiration post. Thank you for sharing your experience.

It is a creatical profession. you can do it?

15 hours per day ...

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15 hours per day ...

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7 days a week

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Excelente post

We should know our boundaries and stop at right moment of our life to change. We are like runners but not be awaring of where we are going to.

Adventure😎😎😎

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Nice one

I would love to read that book it sounds amazing. It is all about the Lifestyle and not so much about the money

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inspiring..

I haven't read The 4-Hour Workweek, but I like what you're conveying about it! The only way a million bucks can give you freedom of time and place is if you use it to generate automated cash flow. Just to share my situation: I'm at an intermediate stage where I have freedom of place and a certain degree of freedom of time. As an independent trader/investor, my work hours are the hours of the U.S. stock market. They aren't flexible, and there's no paid time off, but there's no one who I need to ask for permission to take time off. In addition, I'm not a day trader; I only place an average of two trades a day (whether buy or sell). This means that, even during trading hours, I have a lot of time to work on my passion projects (for which I've just started using the Steem blockchain as a platform). And I'm building up assets that can be tapped for cash flow so that our (my family's) cash flow can be fully automated.

This is very inspiring, the very important point is automating your income after finding that just works and that is the hardest part also. Can you share more insights?

Congratulation https://steemit.com/@khaleelkazi very nice post and beautiful postpexels-photo-357189.jpeg