TRS 027: The 4 Hour Work Week in 2019

TRS 027: The 4 Hour Work Week in 2019

Today on the podcast my good friend Mitch Loar returns to discuss a book that is near and dear to both of us – The 4 Hour Work Week by Tim Ferriss. Since starting this podcast The 4 Hour Work Week has quickly become the most mentioned and sighted resource and there is a good reason for that. It essentially created, or at least brought to the mainstream, the digital nomad and location independent movements.

The issue is that while being so important, it hasn’t been updated since 2009 and in 10 years many things have changed. What Mitch and I set out to do in this episode is to evaluate what has aged well in this book and what hasn’t. Essentially if we had to rewrite The 4 Hour Work Week for 2019, this podcast is what it would say.

Before we jump into the interview I want to take a slightly personal turn. This past week was a difficult one for me and my family because my dog and essentially my sibling Bars passed away suddenly. It’s something that has torn me up over the last few days because I was thousands of miles away instead of there with him when it happened.

I would like to dedicate this episode, covering one of my favorite books, to my favorite reading buddy Bars. It’s important to remember that while location independence is often times used as a means to travel, at the end of the day it’s all about allowing you to be where you want to be the most and sometimes that can mean back home with your loved ones.

What You’ll Learn

  • Why Mitch rereads The 4 Hour Work Week every year
  • Why having a big audacious goal can help you be successful
  • Why defining your fears in detail is so important for the pursuit of success.
  • How to eliminate the non-important to make space for the things that will move you forward
  • What is “batching” and how to incorporate it in your life
  • What you should batch and what you shouldn’t and can you go too far with batching?
  • Why “you’re the average of the 5 people you spend the most time with” is the truest statement ever
  • The part of the 4HWW that has aged the worst and needs to be thrown out
  • Why it may be better to hire a VA from a hiring service as opposed to hiring on your own
  • Why Geoarbitrage is the most beautiful word in the location independent dictionary
  • Why medical tourism is such a huge opportunity for location independents
  • Understanding Tim Ferriss’ “muse” and what it is
  • Why passive income is amazing but you shouldn’t aim for it
  • Why you shouldn’t listen to the business advice in the 4HWW but should pay attention
  • Why no one reads the last section of the 4HWW (Liberation) but it is one of the most important ones
  • Why defining the difference between remote work and location independent is so important if you are seeking employment
  • How to fill the void created by location independence and financial independence

Thanks for Listening!

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