As 99 per cent of the world believes they are incapable of achieving greatness, they aim for a mediocre life. The level of competition is fiercest amongst those battling to achieve “realistic” goals. Therefore, there is less competition for bigger goals. We tend to chase happiness generally. Happiness has become ambiguous through overuse. For the new rich,<ol><li>Happiness => Excitement</li><li>Sadness => Boredom.</li><li>'What do you want?' => 'What excites you?'</li></ol>Focus on activities to fill the vacuum of work once it’s removed, living like a millionaire requires doing interesting things, not just owning things

Is Happiness 'Overrated'?

<ol><li>Retirement is the worst-case scenario. </li><li>Distribute ‘mini-retirements throughout your life.</li><li>Less is not laziness. Learn to do more in less time, take frequent off time.</li><li>The timing is never right. Don't wait for 'someday.</li><li>Ask for forgiveness, not permission. People can deny permission, but they tend to accept it after it's a fact.</li><li>Emphasize strengths more. Don’t fix weaknesses.</li><li>Too much and too often of what you want will soon become what you don’t want.</li><li>Money alone is not the solution.</li><li>Look for both money and time, rather than just money.</li><li>Stress that helps you grow, is good!</li></ol>

10 Rules (Changed) To Become The New Rich

Imagine the worst-case scenario in detail. Then, work out how you could salvage your life if the worst came to pass.Ask these questions to assess:<ol><li>What is your absolute worst-case scenario?</li><li>What could you do to repair the damage if this came to pass?</li><li>What are the temporary and permanent outcomes and benefits of more probable scenarios?</li><li>If you were fired today, how could you take care of your finances?</li><li>What are you putting off due to fear?</li><li>What is the cost (emotionally, financially, and physically) of postponing action?</li><li>What are you waiting for?</li></ol>

Analyze the "worst-case-scenario", And Harmonize With It

It's always better to understand a new concept with the help of comparison. The difference between the Old and the New rich are: Old: I want to work for myselfNew: I want others to work for me. Old: I want to work whenever I want toNew: I prevent work for work’s sake and do the minimum Old: I want to retire youngNew: I want to regularly distribute adventures and recovery periods throughout my life. Old: I want to have moreNew: I want to have more quality and less clutter. Old: I want to have a lot of moneyNew: I want to make a lot of money for specific reasons with defined dreams

Understanding The New Rich:

You shouldn’t be trying to fill every second with work. Now that you’ve thought about what you want to do with your time, you’ve got to find a way to create more free time while maintaining or increasing your income. The key is to remember that what you do is infinitely more important than how you do it. Often, being busy is a form of laziness as it prevents you from thinking.Some principles to use:<ol><li>Pareto's Principle: 80% of output will result from 20% of input. Work on that 20%.</li><li>Parkinson's law: The importance of a task depends on how much time is left for completion! Cut down your deadlines!</li></ol>

Time management: Do You Really Need It? A New Perspective!

One of the most critical skills necessary for becoming a member of the New Rich is learning how to communicate. Within the system, develop automation that could do the work that might have required your presence. To automate:<ol><li>Hire an assistant.</li><li>Start small but think big. e Examine what causes you the most frustration or boredom, and delegate these tasks</li><li>Make things sync by using scheduling and calendars</li></ol>However, keep in mind that first try to eliminate things. No one should do work which is not vital, even your assistant! The order should be:Eliminate => Automate => Delegate.

Automate Things: Work On The Time Factor Of The New Rich.

An interruption is anything that prevents the completion of a critical task. The three main reasons for interruption are:<ol><li>Time wasters</li><li>Time consumers</li><li>Empowerment failures</li></ol>To deal with these, try using the following methods:<ol><li>Create systems that limit your availability, and deflect inappropriate interruptions. This could mean replacing a meeting with a concise email.</li><li>Batch activities to limit costs and to create more time.</li><li>Set autonomous rules with regular reviews of results. This prevents creating a decision bottleneck.</li></ol>

Dealing with interruptions: Learn to REFUSE and REJECT!

An edition expanded with more than 100 pages of new content offers a blueprint for a better life, whether one's dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management or just living more and working less.

remotework

Remote Work

career

Career

books

Books

What do you do? Tim Ferriss has trouble answering the question. Depending on when you ask this controversial Princeton University guest lecturer, he might answer: “I race motorcycles in Europe.” “I ski in the Andes.” “I scuba dive in Panama.” “I dance tango in Buenos Aires.” He has spent more than five years learning the secrets of the New Rich, a fast-growing subculture who has abandoned the “deferred-life plan” and instead mastered the new currencies—time and mobility—to create luxury lifestyles in the here and now. Whether you are an overworked employee or an entrepreneur trapped in your own business, this book is the compass for a new and revolutionary world. Join Tim Ferriss as he teaches you: • How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want • How blue-chip escape artists travel the world without quitting their jobs • How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist • How to trade a long-haul career for short work bursts and freuent "mini-retirements" • What the crucial difference is between absolute and relative income • How to train your boss to value performance over presence, or kill your job (or company) if it’s beyond repair • What automated cash-flow “muses” are and how to create one in 2 to 4 weeks • How to cultivate selective ignorance—and create time—with a low-information diet • What the management secrets of Remote Control CEOs are • How to get free housing worldwide and airfare at 50–80% off • How to fill the void and create a meaningful life after removing work and the office You can have it all—really. From the Hardcover edition.

Tim Ferriss is author of three #1 NYT/WSJ bestsellers: The 4-Hour Workweek, The 4-Hour Body, and The 4-Hour Chef. He is also a start-up advisor specializing in positioning, PR, and marketing (Uber, Evernote, etc.). When not damaging his body with abusive sports, he enjoys chocolate, bear claws, and Japanese animation.

Understanding The New Rich:

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The New Rich Mindset

10 Rules (Changed) To Become The New Rich