Great book. I think this is certainly a book I will be picking up again in a few years as the information is so beneficial to those who are currently stuck in the 9-5 lifestyle. Some things I particularly enjoyed learning about were:
- The entire concept of joining the 'New Rich'. This idea that there are so many ways in which you can live a 'rich' lifestyle without having to earn 7-8 figures if you learn how to tactically minimise time spent on specific tasks.
Time is so precious and there are several things we all tend to do very often where it only is needed once a day, or even once a week.
- Practical advice I loved was in chapter 7 about the art of refusal. Tim mentions that if you MUST take a phone call, do not encourage chit chat and a prolonged conversation that can be resolved through getting directly to the point.
Ways in which to do this he shows is first by explaining you are 'in the middle of something' , how can I help you? If the caller says I can call back, then say 'No I have a minute, what can I do for you? This way you have immediately set the tone for no chit-chat and to get straight to the point. If it is a lengthy problem Tim suggests to just interrupt with their name and then say you have a call in five minutes, can you send me an e-mail?
This whole idea of not wasting your time on unimportant things is key to freeing up time to spend on things that matter. Things that will make you grow.
- The section all about the economist, Vilfredo Pareto and his 80/20 rule is really incredible. It originated from 80% of the wealth and income was produced and possessed by 20% of the population.
Now Tim expands this idea to outside economics and says: "80% of the results come from 20% of the effort and time".
I related to this immensely as I found that I myself get caught up doing unproductive tasks where I could have massively minimised the time spent if for example: I turned off my phone.
A lot of lessons were learnt from this book and I will add that I have now started switching off my phone from after I finish working out (9am) to the end of the day (7pm) and I have seen drastic improvements in my productivity. I could list countless lessons learnt from this book but the ones mentioned above were the specific ones that I related to most and shared with you.
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