Episode
#181: How to ‘Waste Money’ To Improve the Quality of Your Life
Description
This episode is not going to deconstruct a world-class performer, per usual. This is a short, but very actionable and practical episode about the inner workings of my business. I was asked recently how I choose my projects. I riffed on this topic, and shared many thoughts on delegating tasks, future projects, and my involvement -- and break from -- the start-up community. I realized that the real question at the root of many of my decisions is: "How can I waste money to improve my quality of life?" This seems like a bad thing, but it is not. It is trading pennies for dollars. So how can you waste money to improve the quality of your life? I delve into this topic and much more. I hope you'll get a lot out of it. Please enjoy! Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This podcast is brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service led by technologists from places like Apple. It has exploded in popularity in the last two years and now has more than $2.5B under management. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it's all through smarter software instead of retail locations and bloated sales teams. Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they'll show you -- for free -- exactly the portfolio they'd put you in. If you want to just take their advice and do it yourself, you can. Well worth a few minutes to explore: wealthfront.com/tim. This podcast is also brought to you by Four Sigmatic. I reached out to these Finnish entrepreneurs after a very talented acrobat introduced me to one of their products, which blew my mind (in the best way possible). It is mushroom coffee featuring chaga. It tastes like coffee, but there are only 40 milligrams of caffeine, so it has less than half of what you would find in a regular cup of coffee. I do not get any jitters, acid reflux, or any type of stomach burn. It put me on fire for an entire day, and I only had half of the packet. People are always asking me what I use for cognitive enhancement -- right now, this is the answer. You can try it right now by going to foursigmatic.com/tim and using the code "Tim" to get 20 percent off your first order. If you are in the experimental mindset, I do not think you'll be disappointed.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapters
This episode of Ferriss Show is sponsored by Five Bullet Friday, a weekly email newsletter that Dan Ferriss sends out to millions of subscribers with five cool and unique things he found that week.
00:00 - 00:55 (00:55)
Summary
This episode of Ferriss Show is sponsored by Five Bullet Friday, a weekly email newsletter that Dan Ferriss sends out to millions of subscribers with five cool and unique things he found that week.
Episode#181: How to ‘Waste Money’ To Improve the Quality of Your Life
PodcastThe Tim Ferriss Show
The host promotes his Five Bullet Friday newsletter and the nutritional supplement Athletic Greens.
00:55 - 04:17 (03:21)
Summary
The host promotes his Five Bullet Friday newsletter and the nutritional supplement Athletic Greens. He explains how he uses Athletic Greens to get his essential vitamins and minerals, and how Five Bullet Friday is the best way to get early access to his exclusive deals.
Episode#181: How to ‘Waste Money’ To Improve the Quality of Your Life
PodcastThe Tim Ferriss Show
Tim Ferriss shares tips on delegation and choosing priorities, emphasizing the importance of understanding the tasks before delegating and finding the highest yield activities, such as the lead domino or the thing that makes other tasks easier or irrelevant.
04:17 - 09:43 (05:25)
Summary
Tim Ferriss shares tips on delegation and choosing priorities, emphasizing the importance of understanding the tasks before delegating and finding the highest yield activities, such as the lead domino or the thing that makes other tasks easier or irrelevant.
Episode#181: How to ‘Waste Money’ To Improve the Quality of Your Life
PodcastThe Tim Ferriss Show
The host discusses the value of focusing on tasks that are uniquely yours before delegating and shares his experience in investing in the start-up ecosystem.
09:43 - 15:43 (06:00)
Summary
The host discusses the value of focusing on tasks that are uniquely yours before delegating and shares his experience in investing in the start-up ecosystem.
Episode#181: How to ‘Waste Money’ To Improve the Quality of Your Life
PodcastThe Tim Ferriss Show
Tim Ferriss talks about making effective decisions by focusing on effectiveness, not efficiency, especially when you have achieved a level of stability in your life.
15:43 - 22:23 (06:39)
Summary
Tim Ferriss talks about making effective decisions by focusing on effectiveness, not efficiency, especially when you have achieved a level of stability in your life. He also discusses journaling exercises and creating an abundance mindset for better decision-making.