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Interview with Tim Ferriss of The 4-Hour Workweek – Part 2

Interview with Tim Ferriss of The 4-Hour Workweek – Part 2
Tim Ferriss

In Part 1 of this interview, I asked Tim Ferriss, author of The 4-Hour Workweek, about his productivity methodology – how can he combine 20/80 rules with Parkinson’s Law to effectively produce the best his can, and how does he focus eliminating on nonessential to become more productive.

Now for this part of the interview, we cover areas on how to plan and live on an ideal lifestyle, work life, and also how to scale the results with outsourcing.

Q: You mentioned about it is all about living the lifestyle with limited income. Do you mean it is all about controlling your input to get the output you really need, and use the spare cycles to do what you really want to do? What are your advice for people to idealize their actual lifestyle?

TTT: It’s actually not so much about living with limited income; it’s about determining exactly how much income you need to have your ideal lifestyle, then leveraging time and mobility (geoarbitrage and such) to get there in as short a period as possible, usually a few months. What would you have and do each day if you had $100 million in the bank and had already retired? This is not BS — this is THE question you have to answer. If you want to drive a yellow Lamborghini Gallardo, visit Fiji once a year, and ski in the Andes each winter for a month, add it all up and determine the average monthly cost. Add your current essential fixed expenses to this (there are free calculators for doing all of this), and you have what I call your TMI — Target Monthly Income — and TDI — Target Daily Income. The first step to achieving your ideal lifestyle is defining it and calculating the actual cost. It’s always less than you think.

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Here are just two personal examples of what’s possible once we reset the rules: for $250 USD, I spent five days on a private Smithsonian tropical research island with three local fishermen, who caught and cooked all of my food and took me on tours of the best hidden dive spots in Panamá; for $150 USD, I chartered a plane in Mendoza wine country in Argentina and flew over the most beautiful vineyards and snow-capped Andes with a private pilot and personal guide.

I’ve done even more outrageous things in places like Tokyo and Oslo. It’s really possible to do these things now, and it has nothing to do with going to third-world countries. There is no reason to wait 30 years.

Q: What advice do you give if one’s idealization on all about luxury which requires a lot of income to support that, and won’t settle for anything less?

TTT: I can show you how to drive a Ferrari Enzo and Larry Ellison’s famous McLaren F1 for $300. No joke. That said, once people create time abundance, showing off shiny objects becomes a far second priority to answering the question “what the hell do I do with my time?” The big existential questions most people face at college graduation, mid-life crisis, and retirement don’t go away with faster cars, bigger homes, and better martinis. I say go ahead and go nuts for a while with material excess, but if people streamline to the point where income generation only takes 4-10 hours per week, the “what to do” is the real challenge… and reward. I’ve never found an exception.

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Q: Do you think this is not suitable to people who are really passionate about their work? I do not mean a workaholic, but someone who is enjoying their work as much as traveling around the world.

TTT: Not at all. The title “The 4-Hour Workweek” is easily misinterpreted, but this book isn’t about idleness at all. It’s actually exactly the opposite. I’m always working on something, but that “something” is damn exciting to me and keeps me up like a kid on Christmas Eve. The 4HWW is about creating an abundance time and spending it on whatever excites or fulfills you most. Take this book launch, for example. I’ve spent a ton of time on it because I’m having an absolute blast. I did none of the really boring stuff, and my learning curve is insanely steep right now. As soon as that plateaus, I’ll disappear to Croatia for a few months or do something else.

But here’s the other issue: there is such a thing as too much of a good thing. Ask any pastor suffering from “compassion fatigue” or book editor with too many books on her plate. Even if you love your work, controlling the volume and keeping work and life separate is critical. I think “dream jobs” are a very misleading and dangerous myth.

Q: I have experienced couple outsourcing services and found out I spend a lot of time writing specific instructions for them to complete the work. Do you have examples of task which you have given them to work on? What are your tips to optimize the workflow/process between you and them?

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TTT: Hire teams that specialize in one or two functions, and use them for repetitive time-consuming tasks. If you follow just these two guidelines, you avoid training people more than once, you avoid overtaxing them with non-core expertise, and it becomes more of a “set it and forget it” model. Don’t look for a personal Jack-of-all-trades. Think in terms of departments and teams. If you want a great mix of smooth communication and unreal pricing, find Americans in developing countries. I have virtual American MBAs in places like Croatia and Jamaica who charge $5/hour.

I use one group for web design, another for online research and Excel spreadsheets, and another for researching purchase options and making suggestions (for a Baltic States trip or buying a high-altitude simulation chamber, for example, two recent projects of mine). Prevent expensive miscommunication by asking for a written progress report after three hours on any 10-hour+ task.

The range of tasks is truly mind-boggling. Anything you can do in front of a computer or phone can be outsourced, from white papers for a Fortune 10 conglomerate to your personal life. I outsourced all of my online dating for 4 weeks recently as a joke to win a bet. There were teams around the world competing to set me dates on an online calendar. The result? More than 20 dates in three weeks. It’s amazing what you can do. The options are limitless.

Q: Is outsourcing is the only way to scale? You mentioned productizing expertise on the other interview. What exactly do you mean? Do you have any other ideas to scale your efforts?

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TTT: Outsourcing is just one option, one small piece. It’s actually entirely optional but too fun for me not to recommend ;)

Let me rephrase the question a bit: how do you scale results without scaling effort? You need external products and processes. Get the expertise out of your head. For the business owner or manager, that might mean a comprehensive FAQ and step-by-step operational manual for each role in the company, or simply a small set of principles and rules you use for fast decision-making that others can duplicate. The switch is from adrenalin- or leader-driven to process-driven. For the employee or freelancer, “productization” simply means capturing your expertise in a physical form, whether a piece of software, a DVD, or a book. Only then are you able to totally separate income from time, remove ass-in-seat time as your limiter, and make $10,000 per day as easily as you make $100. Creating a scalable life isn’t as hard or time-consuming as it seems.

Q: Thank you so much for your time, Tim. Oh, and one last question, since you are a reader of lifehack.org, what are your favorite posts since you subscribed?

TTT: Man, that is hard. Here are two just from the last month that I still have around. “Top Ten Sources of Interruptions,” especially the David Spade Blackberry Intervention; and, as a Firefox geek, the “15 Coolest Firefox Tricks Ever” got me embarrassingly excited. Ah, the small pleasures!

Thanks for getting in touch! Keep up the rocking site.

If you want to get more information on how Tim reduces his work hour and enjoys his life, get a copy of Tim’s book – The 4-Hour Workweek.

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Leon Ho

Founder of Lifehack

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Last Updated on March 13, 2019

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

Have you gotten into a rut before? Or are you in a rut right now?

You know you’re in a rut when you run out of ideas and inspiration. I personally see a rut as a productivity vacuum. It might very well be a reason why you aren’t getting results. Even as you spend more time on your work, you can’t seem to get anything constructive done. While I’m normally productive, I get into occasional ruts (especially when I’ve been working back-to-back without rest). During those times, I can spend an entire day in front of the computer and get nothing done. It can be quite frustrating.

Over time, I have tried and found several methods that are helpful to pull me out of a rut. If you experience ruts too, whether as a working professional, a writer, a blogger, a student or other work, you will find these useful. Here are 12 of my personal tips to get out of ruts:

1. Work on the small tasks.

When you are in a rut, tackle it by starting small. Clear away your smaller tasks which have been piling up. Reply to your emails, organize your documents, declutter your work space, and reply to private messages.

Whenever I finish doing that, I generate a positive momentum which I bring forward to my work.

2. Take a break from your work desk.

Get yourself away from your desk and go take a walk. Go to the washroom, walk around the office, go out and get a snack.

Your mind is too bogged down and needs some airing. Sometimes I get new ideas right after I walk away from my computer.

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3. Upgrade yourself

Take the down time to upgrade yourself. Go to a seminar. Read up on new materials (#7). Pick up a new language. Or any of the 42 ways here to improve yourself.

The modern computer uses different typefaces because Steve Jobs dropped in on a calligraphy class back in college. How’s that for inspiration?

4. Talk to a friend.

Talk to someone and get your mind off work for a while.

Talk about anything, from casual chatting to a deep conversation about something you really care about. You will be surprised at how the short encounter can be rejuvenating in its own way.

5. Forget about trying to be perfect.

If you are in a rut, the last thing you want to do is step on your own toes with perfectionist tendencies.

Just start small. Do what you can, at your own pace. Let yourself make mistakes.

Soon, a little trickle of inspiration will come. And then it’ll build up with more trickles. Before you know it, you have a whole stream of ideas.

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6. Paint a vision to work towards.

If you are continuously getting in a rut with your work, maybe there’s no vision inspiring you to move forward.

Think about why you are doing this, and what you are doing it for. What is the end vision in mind?

Make it as vivid as possible. Make sure it’s a vision that inspires you and use that to trigger you to action.

7. Read a book (or blog).

The things we read are like food to our brain. If you are out of ideas, it’s time to feed your brain with great materials.

Here’s a list of 40 books you can start off with. Stock your browser with only the feeds of high quality blogs, such as Lifehack.org, DumbLittleMan, Seth Godin’s Blog, Tim Ferris’ Blog, Zen Habits or The Personal Excellence Blog.

Check out the best selling books; those are generally packed with great wisdom.

8. Have a quick nap.

If you are at home, take a quick nap for about 20-30 minutes. This clears up your mind and gives you a quick boost. Nothing quite like starting off on a fresh start after catching up on sleep.

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9. Remember why you are doing this.

Sometimes we lose sight of why we do what we do, and after a while we become jaded. A quick refresher on why you even started on this project will help.

What were you thinking when you thought of doing this? Retrace your thoughts back to that moment. Recall why you are doing this. Then reconnect with your muse.

10. Find some competition.

Nothing quite like healthy competition to spur us forward. If you are out of ideas, then check up on what people are doing in your space.

Colleagues at work, competitors in the industry, competitors’ products and websites, networking conventions.. you get the drill.

11. Go exercise.

Since you are not making headway at work, might as well spend the time shaping yourself up.

Sometimes we work so much that we neglect our health and fitness. Go jog, swim, cycle, whichever exercise you prefer.

As you improve your physical health, your mental health will improve, too. The different facets of ourselves are all interlinked.

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Here’re 15 Tips to Restart the Exercise Habit (and How to Keep It).

12. Take a good break.

Ruts are usually signs that you have been working too long and too hard. It’s time to get a break.

Beyond the quick tips above, arrange for a 1-day or 2-days of break from your work. Don’t check your (work) emails or do anything work-related. Relax and do your favorite activities. You will return to your work recharged and ready to start.

Contrary to popular belief, the world will not end from taking a break from your work. In fact, you will be much more ready to make an impact after proper rest. My best ideas and inspiration always hit me whenever I’m away from my work.

Take a look at this to learn the importance of rest: The Importance of Scheduling Downtime

More Resources About Getting out of a Rut

Featured photo credit: Joshua Earle via unsplash.com

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