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| 4 Hour Work Week - Tim Ferriss - Are You Looking for A Muse?Tim Ferriss outlines the path to creating your own muse in 4HWW. But consider this...
By: Stacey Miller “Our goal is simple: to create an automated vehicle for generating cash without consuming time. That’s it. I will call this vehicle a “muse”…Muses will provide the time and financial freedom to realize your dreamlines in record time, after which one can (and often does) start additional companies to change the world or sell.” We can look at this as a business model where you set-it it and (kinda) forget it while it generates cash for us. The internet makes this possible more than ever before. In the book Ferriss uses the acronym DEAL for the four main chapters. It stands for: Definition, Elimination, Automation, and Liberation. Definition means to figure out what a person wants, get over fears, see past society's "expectations," Elimination is about time management, or rather about not managing time. This is achieved by applying the 'Pareto principle' or '80-20 Rule' (80% of your benefits come from 20% of your efforts) to focus only on those tasks that contribute the majority of benefit, and using Parkinson's Law (work expands so as to fill the time available for its completion) to limit the amount of actual time spent working. There's a difference, Ferriss says, between efficiency and effectiveness. The book's emphasis is on effectiveness. Automation is about building a sustainable, automatic source of income. This includes techniques such as drop-shipping, automation, Google Adwords and Adsense, and outsourcing. Liberation is dedicated to the successful automation of one's lifestyle and the liberation from a geographical location and job. Incidentally, Ferriss notes that if somebody has a regular job, the order of steps will be DELA, not DEAL. The book asserts that technology such as email, instant messaging, and Internet-enabled PDAs complicate life rather than simplify it. It advocates hiring virtual assistants from developing countries such as India and Philippines to free up personal time. *************************** Until you have worked out the mechanics of your own personal muse you may consider leveraging some cash flow from the one we have put together. And just for taking a look, and to say thanks, you get a 100% FREE mp3 download of one of the most popular wealth programs ever to hit the marketplace: http://mlwblog.com/ End
Page Updated Last on: May 28, 2012
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