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The Top 13 New Rich Mistakes

Top 13 mistakes that New Rich make

[This was taken from page 302 of the The 4-Hour Workweek. I put it here for reference and to remember to avoid those 😉 ]

If you don’t make mistakes, you’re not working on hard enough problems. And that’s a big mistake. – Frank Wilczek

Since it’s way too easy to fall back into my bad habits of W4W (Work for Work), I’m transcribing here Tim Ferriss 13 Top New Rich Mistakes. When you’re born a workaholic, it takes a lot of time and patience in order to fix it. You must brainwash yourself into new habits until it sticks, so this is the reason I put this list on my site. After a terrible month of November, I opened the book at a random page (can only do that with paper, damn you Kindle) and fell right on that page. I though it was a perfect coincidence, since the patient needed it!

The top 13 New Rich Mistakes (or New Rich to become)

1- Losing sight of dreams and falling into work for work’s sake (W4W)

2- Micromanaging and emailing to fill time

3- Handling problems your outsourcers or co-workers can handle

4- Helping outsourcers or co-workers with the same problem more than once, or with noncrisis problems.

5- Chasing customers, particularly unqualified or international prospects, when you have sufficient cash flow to finance your nonfinancial pursuits

6- Answering emails that will not result in a sale or that can be answered by a FAQ or auto-responder

7- Working where you live, sleep or should relax

8- Not performing a thorough 80-20 analysis every 2 to 4 weeks for your business and personal life.

9- Striving for endless perfection rather than great of simply good enough, whether in your personal or professional life

10- Blowing minutiae and small problems out of proportion as an excuse to work

11- Making non-time-sensitive issues urgent in order to justify work

12- Viewing one product, job, or project as the end-all and be-all of your existence

13- Ignoring the social rewards of life


Joel Alain is on a quest to the 4 Hour Workweek Lifestyle, Accelerated Growth & Meta Learning. He rejects status quo and the so called "common sense" and creates his own vision of reality. The goal being to live the life you've imagined, no matter how crazy that is. Hop in.
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