The conventional wisdom surrounding work and life is misguided. | Sonu Goswami
The conventional wisdom surrounding work and life is misguided. Many people are caught in a vicious loop trying to solve problems the same way. They Work Hard, Save Up, and Dream of Retiring Rich. BUT this is a flawed way of thinking. What's the point of retiring when you're too old to do anything fun❓ Today, let's focus on a new life philosophy called the ❇ New Rich ❇ . Instead of focusing on being Cash-Rich before retirement, we should live a wealthy lifestyle with mini-retirements in-between. Our work lives should not make us lose control of the 4️⃣ W's. 1.What we do 2.When we do it, 3.Where we do it, 4.and whom we do it with. The more control you have over these four things, the more freedom you will have in your life. This philosophy favors freedom over earnings. A smaller paycheck and more freedom is a better trade-off than a larger paycheck and less freedom. Good morning Everyone 😊 🙏 , 4-Hour Workweek by Timothy Ferriss is a groundbreaking book that challenges traditional notions of work and retirement. Ferriss introduces a new paradigm for achieving lifestyle design and financial freedom, where individuals can escape the 9-to-5 grind and create a life of flexibility, productivity, and adventure ❇ Key Points: 1️⃣ . 80/20 Principle: Focus on the most productive 20% of work, eliminate the rest. 2️⃣ . Parkinson's Law: Set tight deadlines, be selective, and achieve more in less time. 3️⃣ .DEAL Strategies: Ferriss offers DEAL as a set of strategies to join the New Rich lifestyle: ✳ D for Definition: Challenge conventional wisdom and redefine objectives to achieve extraordinary results. ✳ E for Elimination: Cut out unnecessary tasks and time-wasting activities to focus on what truly matters. ✳ A for Automation: Create passive income streams and automate business processes to free up time. ✳ L for Liberation: Embrace the freedom to work from anywhere and experience life to the fullest. 4️⃣ . Mini-Retirements: Embrace "mini-retirements" throughout life, travel, pursue passions, and recharge. 5️⃣ . Geoarbitrage: Leverage cost of living differences, live luxuriously abroad for less. 6️⃣ . The Muse Concept: Create a passive income-generating muse for financial independence. 7️⃣ . Living Like a Millionaire: True wealth lies in meaningful experiences, not just possessions. ✅ Lesson: Your work should be so #enjoyable and so #reachable that you can continue to work without retirement. Escape the conventional, embrace the extraordinary, and design a life of #freedom and #fulfillment --- Not a Burden. | 105 comments on LinkedIn
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The conventional wisdom surrounding work and life is misguided. Many people are caught in a vicious loop trying to solve problems the same way. They Work Hard, Save Up, and Dream of Retiring Rich. BUT this is a flawed way of thinking. What's the point of retiring when you're too old to do anything fun❓
Today, let's focus on a new life philosophy called the ❇ New Rich ❇ . Instead of focusing on being Cash-Rich before retirement, we should live a wealthy lifestyle with mini-retirements in-between.
Our work lives should not make us lose control of the 4️⃣ W's.
1.What we do
2.When we do it,
3.Where we do it,
4.and whom we do it with. The more control you have over these four things, the more freedom you will have in your life.
This philosophy favors freedom over earnings. A smaller paycheck and more freedom is a better trade-off than a larger paycheck and less freedom.
Good morning Everyone 😊 🙏 , 4-Hour Workweek by Timothy Ferriss is a groundbreaking book that challenges traditional notions of work and retirement. Ferriss introduces a new paradigm for achieving lifestyle design and financial freedom, where individuals can escape the 9-to-5 grind and create a life of flexibility, productivity, and adventure
❇ Key Points:
1️⃣ . 80/20 Principle: Focus on the most productive 20% of work, eliminate the rest.
2️⃣ . Parkinson's Law: Set tight deadlines, be selective, and achieve more in less time.
3️⃣ .DEAL Strategies: Ferriss offers DEAL as a set of strategies to join the New Rich lifestyle:
✳ D for Definition: Challenge conventional wisdom and redefine objectives to achieve extraordinary results.
✳ E for Elimination: Cut out unnecessary tasks and time-wasting activities to focus on what truly matters.
✳ A for Automation: Create passive income streams and automate business processes to free up time.
✳ L for Liberation: Embrace the freedom to work from anywhere and experience life to the fullest.
4️⃣ . Mini-Retirements: Embrace "mini-retirements" throughout life, travel, pursue passions, and recharge.
5️⃣ . Geoarbitrage: Leverage cost of living differences, live luxuriously abroad for less.
6️⃣ . The Muse Concept: Create a passive income-generating muse for financial independence.
7️⃣ . Living Like a Millionaire: True wealth lies in meaningful experiences, not just possessions.
Lesson: Your work should be so #enjoyable and so #reachable that you can continue to work without retirement. Escape the conventional, embrace the extraordinary, and design a life of #freedom and #fulfillment --- Not a Burden.