While the vast majority of people chase money, the ‘new rich’ have learnt the value of finding an optimal balance of TIM (Time, Income & Mobility) instead. There are 2 major advantages of focusing on TIM – (1) Having time and location flexibility, can lead to your money being worth a lot more (2) Time and Location independence can lead to happiness and content, which money simply can’t buy.
Advice from Masters – Quotes & Tips on TIM (Time Income Mobility)
Freedom Multiplier: Money is multiplied in practical value depending on the number of W’s you control in your life: what you do, when you do it, where you do it, and with whom you do it. I call this the “freedom multiplier.” If you can free your time and location, your money is automatically worth 3–10 times as much.
Mini-retirements: Retirement Is Worst-Case-Scenario Insurance. The New Rich aims to distribute “mini-retirements” throughout life instead of hoarding the recovery and enjoyment for the fool’s gold of retirement. By working only when you are most effective, life is both more productive and more enjoyable. Personally, I now aim for one month of overseas relocation or high-intensity learning (tango, fighting, whatever) for every two months of work projects.
Your path: The question you should be asking isn’t, “What do I want?” or “What are my goals?” but “What would excite me?
Location & Time flexibility: Work wherever and whenever you want, but get your work done.
Tim Ferris – Author – 4-hour workweek / Tools of Titans / Tribe of Mentors
You don’t have to live your life the way other people expect you to.
What if you save for 40 years, putting off all kinds of opportunities, then get hit by a bus the day before retirement? Better to plan for the future while also living in the present.
The new reality is that working at a job may be the far riskier choice.
It’s better to be at the bottom of the ladder you want to climb than the top of one you don’t.
Chris Guillebeau – Author – The $100 Startup / The Art of Non-Conformity / Side Hustle / Born for This / The Happiness of Pursuit
A desk is a dangerous place from which to view the world
John Le Carre
Top 7 Books to Inspire you to Escape the Rate Race and Leave Your 9 to 5
It’s time to let go off being a corporate slave and leave your 9 to 5 job. These books will inspire and show you how to quit the rat race for good, while continuing to earn an income.
The 4-Hour Workweek
Authors: Timothy Ferriss,
Since today is all you have for sure, Timothy Ferriss shows you how you can make the most of it. In The 4-Hour Workweek, you will learn how to earn your yearly income in one month, reduce your working hours and find more time for travel and leisure. All of this, without compromising on your performance.
Side Hustle: From Idea to Income in 27 Days
Authors: Chris Guillebeau,
A “side hustle” is an additional source of income that will guarantee job security and freedom. It is for people who aren’t ready to forgo their day job. It doesn’t require professional qualifications nor does it require specialised skills such as those needed in marketing. Chris Guillebeau provides invaluable advice that will show you how you can start and develop your side hustle.
Lifestyle Entrepreneur: Live Your Dreams, Ignite Your Passions and Run Your Business From Anywhere in The World
Authors: Jesse Krieger,
Before he even reached his thirties, Jesse Krieger had travelled to over 25 countries. He is also in a band, a professional relationship advisor and an entrepreneur. Lifestyle Entrepreneur consists of his secrets and some of the best strategies he has followed. With this book, you too can travel the world and make your dreams come true.
Crushing It!: How Great Entrepreneurs Build Their Business and Influence and How You Can, Too
Authors: Gary Vaynerchuk,
Have you ever wondered how some entrepreneurs and influencers have managed to build such successful corporate and personal brands? Are you looking for inspiration to do the same? In Crushing It!, world-renowned social media marketing expert, Gary Vaynerchuk, gives you the tried and tested ways of building your own success in today’s social media driven market — just like he did.
48 Days to the Work You Love
Authors: Dan Miller,Dave Ramsey
Soon, a majority of America’s working population will consist of entrepreneurs, freelancers and consultants. Dan Miller prepares you for this change, so you can engage in a profession that guarantees job security and satisfaction. He helps you identify your strengths and talents and shows you how you can use them to do the work you really love.
Quitter: Closing the Gap Between Your Day Job and Your Dream Job
Authors: Jon Acuff,
Do you want to quit your boring day job and start doing what you are really passionate about instead? In Quitter, Jon Acuff helps you identify where your passion lies, so that you can work on what you love, rather than spend 5 days of the week doing something you hate.
Escape from Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur
Authors: Pamela Slim,Guy Kawasaki
Pamela Slim addresses the entire corporate world in this book, especially those who have a brilliant idea for an enterprise but can’t decide whether quitting their job is the best choice. Her insights will help you analyse your life as a corporate prisoner and allow you to determine whether starting an enterprise is really for you.
Other concepts on Entrepreneurship
Test Marketing
Often there can be significant differences between our perceptions of what our customers want, and what our customers truly want. Gut and Instinct are often poor predictors of actual consumer demand, as are the encouraging words of our close friends and family. Before you invest significant time, energy and money into developing a product, it is essential that you actually test if people will buy what you are creating.
Execution
Everybody has great ideas, but it is only a few that can actually act on a good idea and turn it into a viable business. The execution of an idea is often much more important than the idea itself. To succeed as an entrepreneur, it is vital that you and your team have the ability to execute.
1000 True Fans
‘1000 true fans’ is a concept that explains why it is not essential to be famous and have a huge following to earn a successful living working on your passion. In fact, all you need are a much smaller set of passionate fans (1000 for example), who become your marketing evangelists and core customers.
Dominate – Don’t Compete
People who truly succeed big, never try to compete – they choose instead to dominate their particular niche and become known as the ‘go-to’ person or company for those specific requirements. Domination allows you to never have to compete on price, not get involved in feature wars and bring along free marketing.