Being busy is a form of laziness - lazy thinking and indiscriminate action.

What you do is infinitely more important than how you do it.

The New Rich prioritize time and mobility over traditional wealth. Key principles:
<ul>
<li>Reject deferred-life plan (work 40 years, then retire)</li>
<li>Create luxury of choice through automated income</li>
<li>Use currency arbitrage (earn in dollars, live in cheaper locations)</li>
<li>Design lifestyle first, then build business to support it</li>
</ul>
This mindset shift transforms how you view money, time, and success. It's about maximizing per-hour output rather than face time.

The New Rich Mindset

The DEAL formula provides a systematic path to freedom:<ul><li>Definition: Replace self-limiting assumptions</li><li>Elimination: Remove unnecessary tasks and time-wasters</li><li>Automation: Build systems that work without you</li><li>Liberation: Break free from location dependence</li></ul>This system transforms an overwhelming workload into a manageable, location-independent business. Focus shifts from being busy to being productive.

DEAL Formula

Lifestyle design is about creating your ideal life now:
<ul>
<li>Define your perfect day in detail</li>
<li>Calculate the true cost of your dreams</li>
<li>Negotiate remote work arrangements</li>
<li>Use geographic arbitrage</li>
<li>Test assumptions through mini-retirements</li>
</ul>
Most dream lifestyles are more achievable than we assume. The key is testing assumptions and taking calculated action rather than dreaming indefinitely.

Lifestyle Design

An information diet eliminates mental clutter and reclaims time:
<ul>
<li>Check email only twice daily</li>
<li>Eliminate news consumption</li>
<li>Batch similar tasks together</li>
<li>Practice selective ignorance</li>
<li>Focus on action over information</li>
</ul>
Most information is noise that prevents effective action. By limiting input, you increase output and reduce stress.

Information Diet

Pareto's Law states that 80% of outputs come from 20% of inputs. Apply this by:<ul><li>Identifying your highest-value activities</li><li>Eliminating or delegating the rest</li><li>Focusing on critical few customers/products</li><li>Cutting wasteful activities ruthlessly</li></ul>This principle reveals that most of what we do is low-value busywork. By focusing on the vital 20%, we can dramatically increase results while reducing effort.

Pareto's Law

Creating automated income requires three key elements:<ul><li>A product that delivers value without your presence</li><li>Systems that handle marketing and sales</li><li>Outsourced fulfillment and customer service</li><li>Testing and optimization for consistent growth</li></ul>The goal is income independent of time—money that flows whether you're working or not. This requires initial effort but creates lasting freedom.

Income Autopilot

Tired of waiting for retirement to live your dreams? This explosive book shatters conventional wisdom about work and life. It's not about working harder—it's about working smarter and building a life worth living NOW, not someday. Get ready for a totally new way of thinking about what's possible in your career and life!

What do you do? Tim Ferriss has trouble answering the question. Depending on when you ask this controversial Princeton University guest lecturer, he might answer: “I race motorcycles in Europe.” “I ski in the Andes.” “I scuba dive in Panama.” “I dance tango in Buenos Aires.” He has spent more than five years learning the secrets of the New Rich, a fast-growing subculture who has abandoned the “deferred-life plan” and instead mastered the new currencies—time and mobility—to create luxury lifestyles in the here and now. Whether you are an overworked employee or an entrepreneur trapped in your own business, this book is the compass for a new and revolutionary world. Join Tim Ferriss as he teaches you: • How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want • How blue-chip escape artists travel the world without quitting their jobs • How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist • How to trade a long-haul career for short work bursts and freuent "mini-retirements" • What the crucial difference is between absolute and relative income • How to train your boss to value performance over presence, or kill your job (or company) if it’s beyond repair • What automated cash-flow “muses” are and how to create one in 2 to 4 weeks • How to cultivate selective ignorance—and create time—with a low-information diet • What the management secrets of Remote Control CEOs are • How to get free housing worldwide and airfare at 50–80% off • How to fill the void and create a meaningful life after removing work and the office You can have it all—really. From the Hardcover edition.

Tim Ferriss is author of three #1 NYT/WSJ bestsellers: The 4-Hour Workweek, The 4-Hour Body, and The 4-Hour Chef. He is also a start-up advisor specializing in positioning, PR, and marketing (Uber, Evernote, etc.). When not damaging his body with abusive sports, he enjoys chocolate, bear claws, and Japanese animation.

Pareto's Law

Similar ideas to Pareto's Law

The 80/20 Rule