It’s a New World . . .
A new world of entrepreneurship, lifestyle design, and income generation has arrived — and it’s quite different from anything most people have ever experienced.
Even if you’re not terribly interested in the business world, I highly recommend that you read these books. It’s always good to know what’s actually possible … and this certainly isn’t “business as usual” or your parents’ world of 9–5.
These five books provide a basic curriculum for the new entrepreneurship. I recommend them all. Read them all and they might change your world.
— D.R. Fideler
First published in 2007, Tim Ferriss’s book expanded people’s ideas of what is actually possible through creative planning and lifestyle design.
Straight out of college, Ferriss landed a dead-end job with a California startup making cold calls, where he was earning $40,000 a year. Right before he was fired, he created his own small business that took off and brought in $40,000 each month. The only problem is that he had created an administrative monster. It was close to overwhelming his life and driving him crazy.
The 4-Hour Workweek details the tools and concepts Tim used to restructure his company so that it became an entirely automated business. This allowed him to travel the world and monitor things online less than four hours a week.
From lifestyle design, to virtual assistants, to working in the most effective way, to creating automated cash-flow businesses (“muses”), to restructuring your work so you can take “mini-retirements” around the world, The 4-Hour Workweek has it covered. I used the information in this book as a blueprint to sell my house in the United States and relocate my business (and myself) to Sarajevo. It worked perfectly.
The 4-Hour Work Week was a New York Times #1 bestseller and is one of the top ten highlighted books on Amazon Kindle of all time.
In Choose Yourself, James Altucher, writer, entrepreneur, humorist, and former hedge-fund manager, explores the changing world of employment and personal opportunities. He explains how that over the last forty years real wages have declined in relation to inflation and how corporations now want to eliminate as many positions as possible.
While the traditional world of work and retirement isn’t looking very good, Altucher argues this is the best time in history to start your own business and “choose yourself.” What choose yourself actually means is to create your own opportunities — and to reach your own professional goals without allowing traditional gatekeepers to stand in the way. For example, you can now easily publish your own books now without having to rely upon the gatekeepers at New York publishing companies. The entire world is changing, in large part to the Internet.
Filled with hilarious true stories, inspiring case histories, good business ideas, and wise insights, Choose Yourself was named one of the “12 Best Business Books of All Time” by USA Today and appeared on the Wall Street Journal list of bestselling books.
In this follow-up volume to Choose Yourself, James Altucher continues his exploration of how making tiny improvements each day to one’s physical, emotional, mental, and spiritual health can lead to the creation of wealth in the outer world.
Altucher also continues his exploration of the importance of generating new ideas each day, and how we have entered a new period in which good ideas are more valuable to money. As he notes, “Ideas are the new currency of the 21st century.” In the end, idea generation is the key also to generating wealth. If you can’t generate your own good ideas, you are likely to end up to being a slave to someone else’s bad or dead-end ideas.
In addition, the book contains plenty of unconventional business and financial advice, including a look at changing, long-term economic trends, and how you could profit from them. Highly recommended.
This book is a nice continuation of the analysis that James Altucher offers in Choose Yourself about how the world of work is rapidly changing. Taylor Pearson takes that theme and documents it further by presenting some carefully researched and startling statistics.
What he concludes is that we live in a unique time when it has become less risky to start your own business and become an entrepreneur and actually more risky to hold a traditional job. As he notes, “Those that don’t adapt are becoming trapped in the downward spiral of a dying middle class.”
Taylor insightfully discusses the relationships between wealth, freedom, and meaning (a theme also explored by Tim Ferris), and explains how the new era of entrepreneurship allows people to lead more secure, exciting, and meaningful lives.
After running a number of business that didn’t do very well, Dan Norris reached the end of his rope and started a new company, in just a few days, that immediately started generating thousands of dollars of recurring revenue in the first month and continued to grow dramatically. He tells the full story in The 7-Day Startup and explains how you can do something similar.
Whether it takes you seven days to launch or a month, who cares? This concise volume explains the central criteria and issues involved in launching a new venture. It explains how to launch in the most efficient way and how to evaluate whether your ideas are good. Most importantly, it highlights important things to avoid.
This book is a real gem and a page turner. As someone who has started over half-a-dozen businesses, I read it with a palpable sense of excitement. If you want to create a real business, I’m convinced that you’ll get more out of this little book than if you pursued an entire MBA. In short, this is how it’s done.
Resources Available From This Website
Brainstorm Every Day — How to start a daily idea practice and generate 10 new ideas a day, based on the work of James and Claudia Altucher and my own personal experience.
The 12 Tools and Hacks I Use to Run My Business From Overseas — This resource guide describes in depth the 12 tools I couldn’t live without that allow me to operate my U.S. business from overseas. As an added bonus, it also explains how to get free airline tickets — something I’ve been doing for years.
The Lifestyle Design Resource Guide — How to find the most interesting, low-cost living locations around the world to visit, work, or live. It explains how to find the exact monthly living costs for each location (and other in-depth information), how to get the lowest cost airfares possible, and more.