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.
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.
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.
Other concepts on Entrepreneurship
Your team
Your business is only going to be as good as the people who run it. All successful entrepreneurs know that putting together the right team of professionals is one of the most critical steps for any businesses success, while newbie entrepreneurs often try to do it largely alone. Learn to surround yourself with superstars, and you are sure to succeed in any endeavor.
Niche
A niche denotes products, services or interests that have a high appeal to a select smaller group of people, as compared to the general populace. By laser focusing your services and communication to the needs of this smaller group, you can gain much higher relevance than trying to target everybody.
Commitment & Perseverance
Perseverance is the continued effort to do or achieve something despite difficulties, failure, or opposition. You are sure to come up against obstacles, challenges, doubts and failures as you progress towards your goals. People who succeed persevere with their efforts no matter how hard the challenges, while others give up on their dreams once the going gets too tough.
Create Value
All business and professions are about one thing – creating value for someone else. When you are able to create value for someone, you can expect to be paid for it. The more value you can create, the more you will earn. Focus on creating value and you will have a valuable enterprise.