Posts tagged Online Success for Beginners
4-Hour Work Week Strategy
Nov 16th
Serial Entrepreneur & Ultravagabond
Timothy Ferriss, author of the 4 Hour Work Week, is a self-described “serial entrepreneur and ultravagabond” who lives a lifestyle that most of us could only dream about — until now.
Ferriss presents a step-by-step guide to his free-wheeling lifestyle, allowing us to follow in his footsteps and realize lifelong dreams. Some people consider him to be heroic, like an “Indiana Jones for the digital age”.
This exciting book has been number one on three different best seller lists: Wall Street Journal, NY Times and BusinessWeek.
Replace Obsolete Assumptions
His basic premise is that we need to fill the vacuum created by replacing outdated assumptions with the “Rules of the New Rich”.
Entrepreneurs need to replace the limiting assumptions that prevent us from enjoying life now. We should replace limiting assumptions that waste our time and force us to live in a particular location.
Freeing our time and increasing our mobility are pathways to the lifestyle of the New Rich (NR).
Rules of the New Rich
According to Ferris, the “Rules of the New Rich” include the following:
- Retirement is Worst-Case Scenario Insurance
- Interest and Energy are Cyclical
- Less is Not Laziness
- The Timing Is Never Right
- Ask for Forgiveness, Not Permission
- Emphasize Strengths, Don’t Fix Weaknesses
- Things in Excess Become the Opposite
- Money Alone is Not the Solution
- Relative Income is More Important than Absolute Income
- Distress is Bad, Eustress is Good
The 4HWW Model
His model provides us with a roadmap for realizing our own lifelong dreams. He shows us how to:
- Live like a millionaire
- Free time and automate income
- Outsource our lives to overseas virtual assistants for $5/hour
- Travel the world without quitting our jobs
- Eliminate 50% of our work in 48 hours
- Trade a long-haul career for short work bursts and mini-retirements
He uses the DEAL acronym to describe his model, where:
- D = Definition
- E = Elimination
- A = Automation
- L = Liberation
He encourages us to use “Dreamlining” to design our own luxurious lifestyles. Using principles of elimination, simplification and outsourcing are keys to creating our own lives among the New Rich (NR).
Lifestyle Design (LD) incorporates elements of both art and science. Another key component of the lifestyle design process is automation, i.e., creating systems and processes that remove ourselves as bottlenecks. But he cautions that we should never automate something that could be eliminated, and we should never delegate something that could be automated or simplified.
Carpe Diem!
Use these guidelines to recognize opportunities and sieze them – Carpe Diem. Along the way, you’ll come to realize that having options; i.e., the ability to choose is powerful.
This is a very compelling book and presents a plan that is easy to understand and apply.
Following Ferriss’ lead, I plan to aggressively pursue my lifelong dreams. I plan to implement many of his ideas into my own life.
One superb starting place for collecting all the knowledge about internet marketing that you will need to be successful is to join the Online Success for Beginners course.
Downsized? Earn Cash While You Look For Your Next Job
Nov 16th
Have you recently been “right-sized”?
Since you’ve been laid off, have you discovered how difficult it is to find a new job during this recession?
Today’s Situation
If so, you have lots of company. Since December 2007, the official beginning of this recession, more than 5.7 million jobs have been lost. According to the Associated Press (AP), after the May 8th release of the April, 2009 unemployment numbers:
- 13.7 million individuals were unemployed in April, 2009, and that was the biggest number since 1948
- 539,000 jobs were lost in April alone
- 8.9% unemployment (the highest since September, 1983), but if those who’ve been laid off and just given up or taken part-time work, are included, that number jumps to 15.8% – the highest since 1994
If you’ve been out of work for over a month, you may be feeling depressed, or maybe even a little panicky as you observe the pages of the calendar turn, with still no work on the horizon. In addition to this immediate financial crisis, you’re probably concerned about the long term effects as well (e.g., college education for your kids, a comfortable retirement for you and your spouse).
There are essentially three choices in this situation:
- Panic
- Continue doing what you’ve always been doing (the same things that haven’t yet found you a new job), or
- Try something different
Option 1: Freak Out
The first option, panic, is entirely counter-productive, and should be avoided at all costs. A little fear is a good thing – it can help us focus and energize us for fight or flight. Panic overloads our nervous system, reduces our creativity, and generally degrades our ability to respond to life’s challenges.
Option 2: Continue Doing What You’ve Been Doing
If doing what you have been doing had been successful for you, you wouldn’t be reading this article right now. If you don’t change what you’re doing, you can only expect to get more of what you already have.
This economy has proved to be very challenging – good people I know have been unemployed for six months or more. Despite doing all the “right things” (e.g, answering help wanted ads and sending out resumes), what have they got to show for all that effort? Zero.
This economy is tough; my friends aren’t even getting preliminary callbacks about jobs.
Option 3: Try Something New
The third option – do something different – seems to be the only realistic solution. But when you have so many choices, it is difficult even to know where to begin?
Why don’t you start a home business .
- Don’t worry about being downsized again.
- Let this be the last time that you have to forfeit quality time with your family by bringing work home, working weekends, or having to travel way more than you’d like.
Take charge of your financial security; replace your old boss – with yourself! Start your own business!
One very good starting place for gleaning all the necessary knowledge about internet marketing that you will need is to join the Online Success for Beginners course.
The home-based business industry accounts for approximately 7 billion annually and provides many tax benefits, more control over your time, your work, and your money. If you were to apply the Law of Large Numbers to your personal situation, you could minimize your income risks during this recessionary economy. Insurance companies spread their loss risks over a huge number of customers.
If you start an online business, you could be spreading your recessionary risks across millions of potential customers, multiple geographic regions, and even, multiple countries. To increase your financial security, and income stability, apply the Law of Large Numbers to your personal situation.while building a life of your dreams