Archive for the ‘Entrepreneurship’ Category

Million Dollar Stock Market Blogger

December 3, 2008

A month ago I posted on entering into the world of stock market investing, just before the bottom fell out of the market. Some of my investments are “penny stocks” which means they are risky but if they go up, it is by a huge amount. I certainly don’t claim to be an expert, I am just dabbling in the shallow end. But Timothy Sykes seems to know what he is doing by short selling penny stocks and selling his own system online so compounding his income with internet sales. 

Check out Entrepreneurs Journey audio interview with him on making his first million, technology, blogging and trading.

Tim Ferriss: 4 Hour Work Week Video Review

October 15, 2008

If you haven’t heard of this book, then you definitely need to watch this video!

Some top quotes and ideas from the book:

  • Lifestyle Design.  You don’t have to live the high stress, long hours life. You can assess the lifestyle you want and then design it. You don’t have to work all your life to sit on a beach at 65…you can go sit on one now for very little money. 
     
  • Outsource as much as possible. Weigh up how much time you spend on things. Automate them. Outsource them. Pay other people to do them if it gives you more time. Spend $30 on a cleaner once a week and spend a few hours with the family. Get someone from http://www.elance.com to write your articles for you. Virtual assistants are the way forward. [Note from JP: I have used several since reading this book and they are brilliant]
     
  • Be, do , have. Decide what you want in your life. Who do you want to be? What do you want to do? What do you want to have? and then get on with achieving it. Life is too short to be stuck in the office. Set extreme goals that are worth achieving. Question everything. 
     
  • What are you passionate and excited about? Go do that.
     
  • Elimination. Have a “not to do” list and make sure you don’t do it. Don’t watch TV. Cut down your email to once a day (and then once a week). Don’t waste time being busy. Be productive in less time and spend the difference achieving your splendid goals. 
     
  • Find your muse. Discover a way to make money by virtual and outsourced means and free up your time to do what you love. This may take time to achieve, but you can make a plan and achieve it, so you can live a freer life. 
     
  • Empower people to make decisions without you. So you can have free time.
     
  • If you don’t set the rules, they will be set for you. 
     
  • Living more is the objective. 
     
  • Know what you will do with this abundance of time. Look at your passions and missions. Move from a life of survival to one of passion and excitement. 
     
  • Experiences override possessions every time. Live life, don’t postpone it. 

I found this book inspirational and it is JAM-PACKED with information and links to great sites. 

Tim’s own site is here and it has calculators for your new life, and all kinds of free information to get you started => http://www.fourhourworkweek.com/

Tim also has a great blog – check it out here => http://www.fourhourworkweek.com/blog/