by Tim Ferriss
8*/10
Key Ideas:
What would you do if you could not fail?
What are you putting off, out of fear? What is it costing you? What are you waiting for?
Find your inefficiencies and eliminate them. Find your strengths and high leverage activities (80/20) and multiply them.
Other interesting notes:
There is nothing so useless as doing efficiently that which should not be done at all.
80/20 rule – I stopped contacting 95% of my customers, fired 2% of them, leaving me with the top 3% of producers to profile and duplicate.
Set deadlines. Work ‘expands’ to fill available time.
Interest and energy are cyclical. Work only when you are most effective and life is both more productive and enjoyable.
What would you do, day-to-day, if you had $100M in the bank?
Own a business and spend no time on it. How to do that? Outsourcing.
Learn the art of non-finishing. This is all about the sunk cost fallacy: just because you paid $10 to see a movie/read a book, it doesn’t mean it’s a good idea to finish.
Reduce clutter from your life.
Avoid television and nonfiction reading of any kind (including news, the web, etc.).
Check email only twice a day.
Ask for forgiveness, not permission. People deny things according to their emotions, but they can learn to accept them after the fact.
Money alone is not the solution. We often use not having enough money as a scapegoat for not self-reflecting and working out what we want out of life.
Being busy is most often used as a guise for avoiding the few critically important uncomfortable actions.
Set ambitious goals. 99% of people in the world are convinced that they are incapable of achieving great things, so competition is fiercest for the ‘realistic’ goals, making them more time and energy consuming.
Thoughts on the book:
*10/10 when it came out. The principles are more important than ever, and it’s fully packed with examples, so it’s worth reading (almost) end-to-end even if some examples are dated, just skip those sections.
Longer summary/notes: DS, Sivers, Ali’s video
If you like this, you’ll probably like: Tim’s Podcast, Essentialism, 80/20 principle, Atomic Habits, Navalmanack, The one thing, 4 Disciplines of execution, books
