100 Days of Book Reading-LG

Day 29/100 November 29, 2015;

Success/Failure: 18/11

Read: Effective Time Management – Using Microsoft Outlook to Organize

Page 90+

Time spent: 30 minutes

Thoughts:

Don’t look for details on an income statement. Account balances are often condensed and summarized.

Accountants never just “do” or “make out” these statements or schedules. They prepare them. It sounds more dignified, mystical, and professional-and beyond the reach of mere mortals. And they never charge you money, they have fees for which they send “statemets for services rendered”. All these discrete euphemisms sounds genteel and political correct, but its easy to see past the smoke screen.

Cost of good sold: this usually appears as one amount on an annual report, but it takes a little figuring to come up with.

But they hope one day to live up to its name and actually make things.

When that happens, its cost of goods sold will be made up of purchases of raw materials, finished components, and a bunch of other things like the labor that goes into producing what it makes.

Earnings per share: net income divided by the number ofcommon stock the company has sold= shares outstanding.

The higher earnings per share are, the more spectacular job management is doing running your compan-if you own shares.

Market price is usually higher than book value. That’s the way it is with a publicly traded company. In our case, people aren’t buying shares in what we have. They are buying shares in what they think we will become in the future.

“book value bears some relationship to market value. If only as a reference point；

A balance sheet fleshes out what accountants call the ” basic accounting equation.”

The balance sheet freezes the company’s account balances at a single point in time. The balance sheet can be obsolete the very next day.

Owner’s equity is the stake or interest that the owners have in the company. In a corporation, owner;s equity is called stockholders’ equity. If the company is a partnership, it would be partners’ equity. If the business is a sole proprietorship, owner’s equity could also be called capital or net worth.

Balance sheet is a snapshot statement.

A service business will most likely not have an invenory of any of value.

Last January’s retained earnings, plus the net income or profit that the compan made this year. minus dividends, equals the retained eanrnings on the balance sheet. And when you add in the par value of its comon stock and the capital received in excess of par, you have the total stockhlders’ equity.

If your outgo exceeds your inflow, then your upkeep will be your downfall.

11-29-2015

Because a cash0flow statement shows sources and uses of cash, it can be used to:

1. Forecast future cash flows. How? Previous cash receipts and disbursements establish a pattern. Mnagement can use it to predict where cash is most likely to come from and go to next ear.

2. Show the company’s owners and creditors how much management invested last year in new equipment and facilities.

…to stay on the cutting edfe of productivity.

If a firm has bonds outstanding, management will have to contribute enough cash to a sinking fund each year-an account set up specifically to hold money used to pay off both bond interest and principal. (COmpanies sually invest the money in their sinking funds with the hopes that they can earn returns good enough to retire bonds early.

Cash flows from investing activities: cash may come in and go out because of various investing activities that are not connnected to business as usual.

The investment in property and equipment is an investment in the company’s future; it sould enhance its competitive position

A company that’s forced to do that is like a sinking ship that jettisons its cargo to stay afloat.

Healthy companies are able to meet their normal cash requirements through operations.

A negative cash flow from operations means that the company failed to meet its cash needs. In that case, the company must lower expenses quickly or raise cash.

Chapter 5: Financial Analysis: Number-Crunching for Profit:

-Return on investment for the products this department produces

-Companywide things like sales per employee and return on net assets

Don’t we have plenty of bean counters at corporate to worry about stuff like that?

It is part of my early warning system. It tells me about the overall health of the company.

If the sales-per-employee figure is slipping, for example, then I’m careful about requesting funds for a new hire. If the return on assets or equity is declining, I can expect some kind of belt-tightening program. It’s not a question of if, but when.

But I suspect they (senior managers) are doing what I do: Comparing them to figures for our competitors.

…a list of common ratios for our industry. It’s compiled by the XXX. To be part of the organization, you have to submit financial data.

Sure, if it were up to me alone. But that figure will benefit you in other ways. I just got the approval to hire another developer, which will take the load off the rest of us. And we will be getting to a new test bench next month.

But how can you gently strip away its corporate clothing layer by layer to reveal whether that company is really in great shape or just trying to dazzle you with the business version of a facelift, tummy tuck….

Because statements conceal lots of important (and sometimes delightful or terrifying)facts just by the way they are laid out.

Precautions first:

PRECAUTIONS here means there is no one best calculation you can do with a company’s ifnancial statements that neatly answers the questin.

How is the business doing? some of the calculations we’ll do may show that it is in great shape. Others may show it si ntrouble.

Comparative data means what’s typical for other companies in the same line of business as XX can refer to several possible places:

-The company’s trade association, which should be able to summarize the average performance  for a company in that particular industry.

-Dun & Bradstreet, which publishes key ratios for more than one hundred lines of business each year. (charges fees)

Robert Morris Associates (now called RMA)

One more tidbit, remember that what’s considered good performance in one industry may be not so good in another. It depends on the nature of the business itself. Retailing businesses, for example, are very different creatures from cement producers, computer manufacturers, or companis that write softwares. Each group of animals in the business zoo has distinct norms and behavior.

just like no one calculation shows you everything that is going on inside a company. You have to do a number of them.

-Ratio of Net Income to Net Sales: whether the result is good or not depends on what’s typical for the industry. This formular also yields a figure for something you have probably heard of-net profit margin. It is expressed in percentage form.

In the supermarket industry, two to five cents on each dollar of net sales is about average year in and year out.

When you get the answer, write it down and put it the form ” :$1″ because ratios compare one thing to another.

-Ratio of Net Sales to Net Income:

Day 28/100 November 28, 2015;

Success/Failure: 17/11

Read: Effective Time Management – Using Microsoft Outlook to Organize

Page 90+

Time spent: 30 minutes

Thoughts:

Day 27/100 November 27, 2015;

Success/Failure: 16/11

Read: Effective Time Management – Using Microsoft Outlook to Organize

Page 90+

Time spent: 30 minutes

Thoughts:

Day 26/100 November 26, 2015;

Success/Failure: 15/11

Read: Effective Time Management – Using Microsoft Outlook to Organize

Page 90+

Time spent: 30 minutes

Thoughts:

2015-11-25 18:00:23Many messages can be processed when you read them for the first time; others may require two or three steps. Therefore, when you start with your email block, go through all messages one after the other and evaluate them according to the following aspects and questions (Delete, Act Now, File – or the DANF System, for short):

2015-11-25 20:48:03Ask yourself whether it requires a response, follow-up activity, or simple answer on your part (and whether it is really necessary).

2015-11-25 22:16:50Think Before You Communicate2015-11-25 22:17:56It pays to invest a little bit more time into choosing your words wisely. In the end, you will find yourself coming up with more con-crete and to-the-point answers, which lead to fewer inquiries and thus to noticeable time savings on both sides.

2015-11-25 22:28:46If you need results, make sure the recipient knows what exactly you need and in which format; if necessary, give him an example. Using a sentence such as “Please send me a status report every Friday by noon; see attached template (one page only, please)” not only avoids 20 superfluous pages and some wasted hours for the other people, it also saves you from receiving a lot more data or answers and questions than you need.

Day 25/100 November 25, 2015;

Success/Failure: 14/11

Read: Effective Time Management – Using Microsoft Outlook to Organize

Page 90+

Time spent: 30 minutes

Thoughts:

Day 24/100 November 24, 2015;

Success/Failure: 13/11

Read: 4-Hour Work Week; by Timothy Ferriss

Page 90+

Time spent: 30 minutes

Thoughts:

Success/Failure: 11/8

Read: 4-Hour Work Week; by Timothy Ferriss

Page 80+

A man is rich in proportion to the number of things he can afford to let
alone. —HENRY DAVID THOREAU, naturalist

his puzzling decision to
wear a mustache. His book is all about how outsourcing to India and China
is not just for tech support and car makers but is poised to transform every

2015-11-17 06:46:29

John will now digress and lead you into a conversation about nothing,
from which you will have to recover and then fish out the ultimate
purpose of the call.

2015-11-17 06:48:45

He proceeded to deliver on his promise.

2015-11-17 06:49:49

Fresh off four years of rigorous academic training, I immediately
jumped into explaining the prospect profiles, elaborate planning
I’d developed, responses to date, and so forth and so on.

2015-11-17 06:55:07If things are
well-defined, decisions should not take more than 30 minutes.

Day 15/100 November 15, 2015;

Success/Failure: 8/7

Read: 4-Hour Work Week; by Timothy Ferriss

Chapter 4 System Reset; Page 71-80

Spent Time: around 60 minutes

9-5 illusion and Parkinson’s law

The world has agreed to shuffle papers between 9 and 5, and since you’re trapped in the office for that period of servitude, you are compelled to create activities fo fill that time. Time is wasted because there is so much time available.

This schedule is a collective social agreement and a dinosaur legacy of the result-by-volume approach. How is it possible that all the people in the world need exactly 8 hours to accomplish their work.

Parkinson’s Law dictates that a task will swell in importance and complexity in relation to the time allotted for its completion.  It is the magic of the imminent deadline.

-Limit tasks to the important to shorten work time (80/20)

-Shorten work time to limit tasks to the important (Parkinson’s Law)

If you haven’t identified the mission-critical tasks and set aggressive start and end times for their completion, the unimportant becomes the important.

Fat-free performance and time freedom begins with limiting intake overload.

We struck up a conversation.

Ask yourself the following question: Am I being productive or just active? Or: Am I inventing things to do to avoid the important?

“We create stress for ourselves because you feel like you have to do it. You have to. I don’t feel that anymore”-Oprah Winfrey

Simplicity requires ruthlessness.

What would you eliminate to keep the negative effect on income minimum?

What are your crutch activities?

(Crutch: something that a person uses too much for help or support)

It is often the case that you have to fire certain freinds or retire from particular social cirlces to have the life you want.  Poisonous people do not deserve your time.

To think otherwise is masochistic. (Masochistic: adj of masochistism: enjoyment of pain)

diminish psychological dependency.

If this approach is too confrontational for you, just politely refuse to interact with them.

Be in the moddle of something when the call comes, and have a prior commitment when the invitation to hang out comes. It hurts like pulling out a splinter.

Don’t ever arrive at the office or in front of your computer without a clear list of priorities. You’ll just read unassociated email and scramble your brain for the day.

Do not multitask.:

Doing more to feel productive while actually accomplishing less. As stated, you should have, at most, two primary goals or tasks per day. Do them separately from start to finish without distraction. Divided attention will result in more frequent interrruptions, lapses in concentration, poorer net results, and less gratification.

Use Parkinson’s Law on a Macro and micro level

 Shorten schedules and deadlines to necissitate focused action instead of deliberation or procrastination.

If you are under the  hawklike watch of a boss, we will discuss the nuts and bolts of how to escape in later chapter. (nuts and bolts: the working parts or elements)

On a mcro task level, limit the number of items on your to-do-list and use impossibly short dealines to force immediate action,

If someone is going to ask,or asks, “Where should we eat?”…do NOT reflect it back with “what do you want to…”. Offer a solution. Stop the back-and-forth and make a decision. Practice this in both personal and professional environents.

Using my crib notes approach to workd affairs…

I also retain more than someone who loses the forest for the trees in a sea of extraneous details (extraneous: not forming a necessary part of something)

From an actionable information standpoint, I consume of one-third of one industry magazine and one business magazine per month, for a grand total of approximately four hours. That’s it for results-oriented reading.

I judge people based on actions and not words; thus I asked friends in Berlin who had more perspective outside of US media propaganda, how they judged the candidates based on their historical behaviour.

Here are four simple tips that will lessen the damage and increase your speed at least 20% in 10 minutes with no comprehension loss:

1. Two minutes: Use a pen or finger to trace under each line as you read as fast as possible. Reading is a series of jumping snapshots (called saccade) and using a visual guide prevents regression.(Regression: a trend or shift toward a lower or less perfect state)

(saccade: a small rapid jerky movement of the eye especially as it jumps from fixation on one point to another)

2. Three minutes: Begin each line focusing on the third word in from the first word, and end each line focusing on the third word in from the last word.

This makes use of peripheral  vision that is otherwise wasted on margins.

(I skipped the rest two techniques as I don’t think this will work fore me. For me, digesting the contents fully is the goal)

No web surfing at the desk unless it is necessary to complete a work task for that day. Necessary means necessary not nice to have.

Replace the newspaper at breakfast with speaking to your spouse, bonding with your children, or learning the principles in this book.

If you complete them with time to spare, do the exercises in this book.

Each day, at lunch break, get your five-minute news fix.

Be strict with yourself. I can prescribe the medicine, but you need to take it.

“It is impossible to have perfect and complete information at any given time to make a decision.

Do your own thinking independently.  Be the chess player, not the chess piece.

There was always a big bully and countless victims, but there was also that one small kid who fought like hell, thrashing and swinging for the fences. He or she might not have won, but after one or two exhausting exchanges, the bully chose not to bother him or her. It was easier to find someone else.

Be that kid.

Doing the important and ignoring the trivial is hard because so much of the world seems to conspire to force crap upon you.

Day 8/100 November 7, 2015;

Success/Failure: 8/0

Read: 4-Hour Work Week; by Timothy Ferriss

Chapter 4 System Reset; Page 62-70

Spent Time: around 60 minutes

Chapter 4 System Reset

-Being unreasonable and Unambiguous

“Would you tell me, please, which way I ought to go from here?”

“That depends a good deal on where you want to get to,” said the Cat. “I don’t much care where…”said Alice.

“Then it doesn’t matter which way you go,” said the Cat.

-Lewis Carroll, Alice in Wonderland

The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.

-George Bernard Shaw

(Is it really possible for me?) Most of them would be putting in 80-hour weeks as high-paid coffee fetchers unless I showed that the principles from class could be actually applied.

Results plus style.

The task was designed to test their comfort zones while forcing them to use some of the tactics I teach.

It was simplicity itself: Contact three seemingly impossible-to-reach people: J. Lo, Bill Clinton, J.D Salinger, I don’t care and get at least one to reply to three questions.

Of 20 students, all frothing at mouth to win a free spin across the globe.

It was a difficult challenge, perhaps impossible, and the other students would outdo them. Since all of them ouverestimated the competition, no one even showed up.

 Firepower up the wazoo and no trigger finger.

(Firepower: the amount or strength of military weapons that can be used against an enemy

Wazoo: the part of the body you sit on)

The second group just embraced what I told them before they started, which was ” Doing the unrealistic is easier than doing the realistic”.

From contacting billionaires to rubbing elbows with celebrities-the second group of students did both-it’s as easy as believing it can be done.

It is lonely at the top. 99% of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre.  The level of competition is thus fiercest for “realistic” goals, paradoxically making them the most time-and energy consuming.

If you are insecure, guess what? The rest of the world is, too.  Do not overestimate the completion and underestimate yourself. You are better than what you think.

Having an unusually large goal is an adrenaline infusion that provides the endurance to overcome inevitable trials and tribulations that go along with any goal.

(tribulation: unhappiness, pain or suffering)

If the potential payoff is mediocre or average, so is your effort.

 The fishing is best where the fewest go, and the collective insecurity of the world makes it easy for people to hit home runs while everyone else is aiming for base hits. There is just less competition for bigger goals.

Doing big things begins with asking for them properly.

What do you want?

Most people will never know what they want.

It is a matter of specificity.

 “What do you want” is too imprecise to produce a meaningful and actionable answer.

“What are your goals?” is similarly fated for confusion and guesswork.

To rephrase the question, we need to take a step back and look at the bigger picture.

What is the desired outcome that makes all the efforts worth-while? happiness is no longer the answer. Happiness can be bought with a bottle of wine and has become ambiguous through overuse. There is more precise alternative that reflects what I believe the actual objective is.

What is the opposite of happiness? Sadness? No. Crying out of happiness is a perfect illustration of this.  The opposite of love  is indifferent, and the opposite of happiness is boredom. (here is the clincher: a fact of statement that make something certain or final).

What you should strike to chase: excitement.

It is the cure-all.

When people suggest you follow your “passion” or your “bliss”, I propose that they are, in fact, referring to the same singular concept: excitement.

When I started ** LLC., it was with a clear goal in mind: make $ per day whether I was banging my head on a laptop or cutting my toenails on the beach. It was to be an automated source of cash flow. If you look at my chronology, it is obvious that this didn’t happen until a meltdown forced it, despite the requisite income. Why? the goals wasn’t specific enough. I hadn’t defined alternate activities that would replace the initial workload.  Therefore, I just continued working, even though there was no financial need. I needed to feel productive and had no other vehicles.

It was such an acute phobia. (acute: very serious or dangerous; phobia: an extremely strong dislike or fear of someone or something), and such a perfect metaphor for the sum of all fears, that it became a pattern interrupt between myself and fellow lifestyle designer and entrepreneur. He and I traveled parallel paths for nearly 5 years, facing the same challenges and self-doubt and thus keeping a close psychological eye on each other. Our down periods seem to alternate, making us a good team.

Whenever one of us began to set our sights lower, lose faith, or “accept reality”, the other would chime in via phone or email like an A A sponsor:

The prospect was terrifying enough that we always got our asses and priorities back on track immediately. The worst that could happen wasn’t crashing and burning, it was accepting terminal boredom as a tolerable status quo.

Remember, boredom is the enemy, not some abstract “failure”.

Correcting course: get unrealistic:

Dreamlining: it is much like goal-setting but differs in several fundamental respects:

1-the goals shift from ambiguous wants to defined steps.

2-the goals have to be unrealistic to be effective.

3-it focuses on activities that will fill the vacuum created when work is removed. Living like a millionaire requires doing interesting things and not just owning enviable things.

How to get George Bush Sr. or the CEO of Google on the Phone:

to connect with luminary-level business mentors and celebrities of various types.

Fail Better By Adam Gottesfeld

“I felt that if I could help students overcome the fear of rejection with cold-calling and cold-email, it would serve them forever”

It forces you to reconsider your self-set limitations.

“find a personal e-mail if possible, often through their little-known personal blogs, and ask one simple-to-answer but thought-provoking question in that email related to their work of life philosophies.

 Just as words are inadequate to explain true happiness, so too are words inadequate to express my thanks.

I deal with rejection by persisting, not by taking my business elsewhere.

Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.

Most people can do absolutely awe-inspiring things. sometimes they just need a little nudge.

Life is too short to be small. -Benjamine Disraeli

Q&A:

1. What would you do if there were no way you could fail? If you were 10 times smarter than the rest of the world?

6 months: five things you dream of having: material wants, being, and doing in that order. Do not limit yourself, and do not concern yourself with how these things  will be accomplished.

This is an exercise in reversing repression.

Be sure not to judge or fool yourself. If you really want a Ferrari, don’t put down solving world hunger out of guilt. If something will improve your feeling of self-worth, put it down.

House; Finance Manager/controller; pass French exam

2. Drawing a blank

consider these questions:

     -what would you do, day to day, if you had $100 million in the bank?

     -What would make you most excited to wake up in the morning to another day?

     One place to visit (Paris)

     One thing to do before you die -a memory of a lifetime (take my son to World Chess Championship)

     One thing to do daily: (book reading daily and writing; yoga 45 minutes)

     One thing to do weekly (update website weekly; one movie per week)

     One thing you’ve always wanted to learn (guitar)

3. What does “being” entail doing?

Convert each being into a “doing”

(finance manager: read more technical documents)?

4. What are the four dreams that would change it all?

Using the 6-month timeline, star or otherwise highlight the four most exciting and/or important dreams from all columns. Repeat the process with the 12-month timeline if desired.

-H

-F

-C

-French

5. determine the cost of these dreams and calculate your target monthly income for both timelines.

Day 7/100 November 6, 2015;

Success/Failure: 7/0

Read: 4-Hour Work Week; by Timothy Ferriss

Chapter 3:Dodging Bullets: Fear-setting and escaping paralysis; Page 51-61

Spent Time: around 30 minutes

Thoughts:

How do I free myself from this Frankenstein while making it self-sustaining?

Conquering fear=defining fear

…cut back on eating out.

Uncovering fear disguised as optimism:

There is no difference between a pessimist who says:”It’s hopeless, so don’t bother doing anything,” and an optimist who says,” Don’ bother doing anything, it’s going to turn out fine anyway.” Either way, nothing happens.

Fear comes in many forms, and we usually don’t call it by its four-letter name. Fear itself is quite fear-inducing. Most intelligent people in the world dress it up as something else: optimistic denial.

Most who avoid quitting their jobs entertain the thought that their course will improve with time or increase in income.  This seems valid and is tempting hallucination when a job is boring or uninspiring instead of pure hell.  Pure hell forces action, but anything less can be endured with enough clever rationalization. (Totally agreed: the worst thing is the situation better than pure hell; you get used to it and endure with your integrity and ethic)

You have comfort. You don’t have luxury. And don’t tell me that money plays a part. The luxury I advocate has nothing to do with money. It cannot be bought. It is the reward of those who have no fear of discomfort.

If you are nervous about making the jump or simply putting it off out of fear of the unknown: Write down your answers, and keep in mind that thinking a lot will not prove as fruitful or as prolific as simply brain vomiting on the page.

Write and do not edit-aim for volume.

1. Define your nightmare, the absolute worst that could happen if you did what you are considering.

     Doubt:Fears: “what-ifs” Would it be the end of your life? What would be the permanent impact, if any on a scale of 1-10? Are these things really permanent? How likely do you think it is that they would actually happen?

2. What steps could you take to repair the damage or get things back on the upswing, even if temporarily?

3. What are the outcomes or benefits, both temporary and permanent, of more probable scenarios?

4. If you were fired from your job today, what would you do to get things under financial control? (Apply for EI right away; start looking for a job right away)

5. What are you putting off out of fear? Usually what we most fear doing is what we most need to do. (TRUE: I will send that email on Sunday evening) Define the worst case, accept it and do it. I will repeat something you might consider tattooing on your forehead: what we fear doing most is usually what we most need to do.

A person’s success in life can usually be measured by the number of uncomfortable conversations that he or she is willing to have. Resolve to do one thing every day that you fear. (Start socializing, maybe one person per day; join the table for lunch; start talking about the weekend; what we do in evenings etc.)

6. What is it costing you-financially, emotionally and physically-to postpone action?

7. What are you waiting for?

Day 6/100 November 5, 2015;

Success/Failure: 6/0

Read: 4-Hour Work Week; by Timothy Ferriss Page 35-37

Spent Time: around 20 minutes

Thoughts:

5: ask for forgiveness not permission

Most people are fast to stop you before you even start it but hesitant to get in the way if you are moving.

6. Emphasize strengths, don’t fix weaknesses

Most people are good at a handful of things and utterly miserable at most.

It is far more lucrative and fun to leverage your strengths instead of attempting to fix all chinks in your armor.

7. Things in Excess Become Their Opposite

Lifestyle design is thus not interested in creating an excess of idle time, which is poinsonous, but the positive use of free time, defined simply as doing what you want as opposed to what you are obligated to do.

8. Money alone is not the solution

9. Relative Income is more important than absolute income.

Relative income uses two variables: the dollar and time, usually ours.

10. Distress is bad, eustress is good

There are two separate types of stress, each as different as euphoria and its seldom-mentioned opposite, dysphoria.

Distress refers to harmful stimuli that make you weaker, less confident and less able. Destructive criticism, abusive bosses, and smashing your face on a curb are examples of this.

Role models who push us to exceed our limits, physical training that removes our spare tires, and risks that expand our sphere of comfortable action are all examples of eustress-stress that is healthful and the stimulus for growth.

People who avoid all criticism fail. It’s destructive criticism we need to avoid, not criticism in all forms. Similarly, there is no progress without eustress, and the more eustress we can create or apply to our lives, the sooner we can actualize our dreams.

The trick is telling the two apart.

The new rich are equally aggressive in removing distress and finding eustress.

Day 5/100 November 4, 2015;

Success/Failure: 5/0

Read: 4-Hour Work Week; by Timothy Ferriss Page 29-35

Spent Time: around 20 minutes

Thoughts:

I can’t give you a surefire formula for success, but I can give you a formula for failure: try to please everybody all the time- Herbert Bayard Swope

I won by reading the rules and looking for loopholes.

The following rules are the fundamental differentiators to keep in mind throughout this book.

1. Retirement is Worst-Case-Scenario Insurance

..becoming physically incapable of working and needing a reservoir of capital to survive.

2.  Interest and Energy Are Cyclical

It is unsustainable…

How else can my 30-year-old friends all look like a cross between Donald Trump and Joan Rivers?It is Horrendous -premature aging fueled by triple bypass frappuccinos and impossible workloads.

Alternate periods of activity and rest is necessary to survive, let alone thrive. Capacity, interest, and mental endurance all wax and wane. Plan accordingly.

The NR aims to distribute “mini-retirements” throughout life instead of hoarding the recovery and enjoyment or the fool’s gold of retirement.

3. Less is not laziness.

..Our culture tends to reward personal sacrifice instead of personal productivity.

4. The timing is never right

“Someday” is a disease that will take your dreams to the grave with you.

It it’s important to you and you want to do it “eventually”, just do it and correct course along the way.

Day 4/100 November 3, 2015;

Success/Failure: 4/0

Read: 4-Hour Work Week; by Timothy Ferriss Page 14-29

Spent Time: around 20 minutes

Thoughts:

The commonsense rules of the “real world” are a fragile collection of socially reinforced illusion.

Singular importance of being a “dealmaker”.  The manifesto of the dealmaker is simple: Reality is negotiable. Outside of science and law, all rules can be bent or brokem and it does not require being unethical.

The deal of deal maker is also an acronym for the process of becoming a member of the New Rich.

The setp-by-step process you’ll use to reinvent yourself:

D for Definition: turns misguided common sense upside dowm and introduce the rules and objectives of the new game.

E for elimination: kills the obsolete notion of time management once and for all. Increase your per hour result ten times or more with counterintuitive NR techniques for cultivating selective ignorance, developing a low-information diet, and otherwise ignoring the unimportant.  This section provides the first of the three lucury lifestyle design ingredients: time.

A for automation: puts cash flow on autopilot using geographic arbitrage (the practice of buying something such as foreign money, gold, etc in one place and selling it almost immediately in another place where it is worth more.

L for liberation: mobility. It is the mobile manifesto for the globally inclined. The concept of mini-retirements is introduced, as are the means for flawless remote control and escaping the boss. Liberation is not about cheap travel; it is about forever breaking the bonds that confine you to a single locaiton. Last but no least, much of what I recommend will seem impossible and even offensive to basic common sense-

It is time to have fun and let the rest follow.

Day 3/100 November 2, 2015;

Success/Failure: 3/0

Read: 4-Hour Work Week; by Timothy Ferriss

Spent Time: around 20 minutes

Thoughts:

“People don’t want to be millionaires-they want to experience what they believe only millionaires can buy.

(What enters the picture for me?: ski chalets, butlers, and exotic travel)

“Perhaps rubbing coca butter on your belly in a hammock while you listen to wave rhythmically lapping against the deck of your thatched-roof bungalow?”

” The fantasy is the lifestyle of complete freedom it supposedly allows”

” a tolerable and comfortable existence doing something unfulfilling. The last is most common and most insidious” my situation is like this)

“The goal is fun and profit”

“this book is not about finding your dream job, I will take as a given that, for most people, somewhere between 6 and 7 billion of them, the perfect job is the one that takes the least time. The vast majority of people will never find a job that can be an unending source of fulfillment, so that is not the goal here; to free time and automate income is.”

Day 2/100 November 1, 2015;

Success/Failure: 2/0

Read: CPA magazine, November 2015

Spent Time: around 60 minutes

Thoughts:

” To have and to Hold

-CPA magazine

“I often hired people early in their careers because I have a strong interest in mentoring”

“I looked for people with passion because I knew I couldn’t teach that. The rest was just a matter of cultivating their skill sets.”

“If senior management wasn’t going to recognize talent, I wanted my people to leave and work where they’d be appreciated. Maybe it was a risky move, but I couldn’t look someone in the face and tell him that this entry-level position, with  an entry-level salary, was all he amounted to. It simply wasn’t true.

If they are constantly struggling with the same bottleneck, technical issue, or lack of resources, they’re not going to be happy in their work.

Most people have aspirations beyond the roles that are currently doing. Supervisors should support that ambition.

Big fan of touch-point meetings.

One person might love having lots of face time with the boss while someone else will feel micromanaged.

If work becomes drudgery, no one’s going to look forward to coming in to the office.

I am not just a number with a price tag. It was about so much more than that.”

Day 1/100 October 31, 2015;

Success/Failure: 1/0

Read: Using Microsoft Out look to orgabize your work and personal life

By Lothar Seiwert; Holger Woeltje; P22-29

Spent Time: around 30 minutes

Thoughts:

1. Create and use your own folder strucutre:It takes appoximately two hours to design and set up a meaningful folder structure for messages and to file the saved messages in the corret locations within them.Experience shows that it works the best to use no more than 7 main folders (in addition to Inbox, Drafts, and the other defailt Outlook folders). you should also try to keep your structure to  no more than 7 subfolders per level, so that you can later orientate yourself quickly and confidently.The setup that works best for you depends on your area of work and your personal thinking style-each person’s brain is wired differently.Mine: Reference; sent diretly to me; CC folder. Now I think the last two folders are not necessary.what is my working style? No style; used to rush to get things done. As for the new one, no ideas about what I should be expecting. But the more organized, the better.Two heads put together sometimes come up with better ideas.Some example criteria for how you can divide your folder structure:

• Persons/contacts (colleagues, clients, suppliers) I possibly can follow this; create folders for my boss, principal co-worker etc.

• Topics/areas of expertise: Budget/Payroll/FinnacialStatements

• Projects/products: Not applicable; 

• Priority (see Chapter 2): Is it the same as #7 underneath?

• Locations (countries, cities, company locations, plants): Good to create one

• Product numbers, reference numbers, customer numbers

• Deadlines (Must be completed by tonight, By this weekend, This month)Revision: It mght initially take you a litle while to get used to this new structure. However, if after three to at most five weeks, you still find your structure to be cumbersome or unclear, and you continue to have a difficult time assigning or finding your messages, you should revise your structure, taking your experience into consideration.Try to develop a system for yourself with up to six colors. For example, red could mean “Important and must be taken care of as quickly as possible,” green tasks can wait until the end of the week, and blue tasks can wait until the end of the month. Yellow might mean that it is theoretically due by the end of the week, but that it’s just something that’s nice to have and could be deleted if you don’t have time, and you only look at purple items if you have some extra time, but otherwise they will be deleted at the end of the month.Reminder functions:For example, if you have sent an email message to Robin Wood, you can set a reminder to yourself for two weeks later, and politely check in with him if he hasn’t sent you a reply yet—without an automatic reminder appearing in his Outlook Inbox.Let outlook presort your inbox for you:I like the idea but not sure how it can work for me and make my life easier.

  For example, you need the Movie Newsletter when you want to select a movie to watch—not on Thursday morning, when it arrives in your inbox and you have something else to do. By using the correct rule, you can make sure it gets automatically moved into the appropriate folder as soon as it arrives. You no longer need to move it manually,
  and you don’t see it unless you feel like going to the movie theater and you open your Private events/Movie news folder.