How Does A 4 Hour Work Week Sound? Part 12

January 31, 2011

Here’s a quick list of a few of the fundamental differences Ferriss identifies between Deferrers (DF) and the New Rich (NR).  Some of their goals are similar; others are very different.  It’s a good synopsis of some of the ideas and concepts we’ll explore in depth later in this article series:

“Deferrers (DF): To work for yourself
New Rich (NR): To have others work for you

DF: To work when you want to
NR: To prevent work for work’s safe, and to do the minimum necessary for maximum effect (“minimum effective load”)

DF: To retire early or young
NR: To distribute recovery periods and adventures (mini-retirements) throughout life on a regular basis and recognize that inactivity is not the goal.  Doing that which excites you is.

DF: To be the boss instead of the employee; to be in charge.
NR: To be neither the boss nor the employee, but the owner.  To own the trains and have someone else ensure they run on time.

DF: To reach the big pay-off, whether IPO, acquisition, retirement, or other pot of gold
NR: To think big but ensure payday comes every day: cash flow first, big payday second.

D: To have freedom from doing that which you dislike
NR: To have freedom from doing that which you dislike, but also the freedom and resolve to purse your dreams without reverting to work for work’s safe (W4W).  After years of repetitive work, you will often need to dig hard to find your passions, redefine your dreams, and revive hobbies that you let atrophy near to extinction.  The goal is not simply to eliminate the bad, which does nothing more than leave you with a vacuum, but to pursue and experience the best in the world.”

You can probably see yourself as more of a Deferrer in some of these areas than the New Rich.  The more often this is the case, the more the employee mind set is still with you to this day and holding you back.

Filed under: Inspiration

Tags: 4 Hour Work Week, 80-20 Rule, 90-10 Rule, Ferriss, Four Hour Body, Four Hour Work Week, New Rich, Nouveau Riche, Pareto Principle, real estate, real estate agent, realtor, Tim Timothy, virtual assistant