Timothy Ferris quotes page 3
The customer is not always right - "fire" high-maintenance customers. Not all customers
created equal. Apply the 80/20 principle to time consumption: What 20% of people are
consuming 80% of your time?
Don't suffer fools or you'll become one.
The most important actions are never comfortable. Fortunately, it is possible to condition
yourself to discomfort and overcome it.
People who avoid all criticism fail. It's destructive criticism we need to avoid, not criticism in
$1,000,000 in the bank isn't the fantasy. The fantasy is the lifestyle of complete freedom it
Resolve to do one thing every day that you fear.
I open each class with an explanation of the singular importance of being a "dealmaker." The
manifesto of the dealmaker is simple: Reality is negotiable.
Learn to be difficult when it counts. In school as in life, having a reputation for being
assertive will help you receive preferential treatment without having to beg or fight for it
Adversity doesn't build character; it reveals it.
Having an unusually large goal is an adrenaline infusion that provides the endurance to
overcome the inevitable trials and tribulations that go along with any goal. Realistic goals,
goals restricted to the average ambition level, are uninspiring and will only fuel you through
the first or second problem, at which point you throw in the towel.
Is more distribution automatically better? No... From ipods to Rolex and Estee Lauder,
sustainable high-profit brands usually begin with controlled distribution. Remember, more
customers isn't the goal; more profit is.
It is usually better to keep old resolutions than to make new ones.
If you don't prioritize, everything seems urgent and important. If you define the single most
important task for each day, almost nothing seems urgent or important. Oftentimes, it's just a
matter of letting little bad things happen (return a phone call late and apologize, pay a small
late fee, lose an unreasonable customer, etc.) to get the big important things done. The
answer to overwhelmingness is not spinning more plates - or doing more - it's defining the
few things that can really fundamentally change your business and life.
Options - the ability to choose - is real power.
Risk, to me, is the potential for an irreversible, negative outcome.
Eliminate before you delegate. Never automate something that can be eliminated, and never
delegate something that can be automated or streamlined. Otherwise, you waste someone
else's time instead of your own, which now wastes your hard-earned cash.
Fun things happen when you earn dollars, live on pesos, and compensate in rupees.
Being financially rich and having the ability to live like a millionaire are fundamentally two very
different things. Money is multiplied in practical value depending on the number of W's you
control in your life: what you do, when you do it, where you do it, and with whom you do it. I
call this the "freedom multiplier."
Lack of time is actually lack of priorities.
The beauty and the horror of the Internet is that it gives everyone a voice. That includes the
geniuses, it also includes all the idiots.
The best way to maintain a habit is not to expect yourself to follow it at all times.
I've seen the promised land, and there is good news. You can have it all.
Before we can escape the goblins of the mind, we need to face them. Principal among them is
speed addiction. It is hard to recalibrate your internal clock without taking a break from
constant overstimulation. Travel and the impulse to see a million things can exacerbate this.
Slowing down doesn't mean accomplishing less; it means cutting out counterproductive
distractions and the perception of being rushed.
Regret is past-tense decision making. Eliminate complaining to minimize regret.
There are two synergistic approaches for increasing productivity that are inversions of each
1. Limit tasks to the important to shorten work time (80/20).
2. Shorten work time to limit tasks to the important (Parkinson's Law).
The best solution is to use both together: Identify the few critical tasks that contribute most
to income and schedule them with very short and clear deadlines.
The Internet is a full-contact sport... In the beginning it was very tough - I tried to treat the
Internet as if it were a conversation with a civil human being in a livingroom. And it's not the
Sports evolve when sacred cows are killed, when basic assumptions are tested. The same is
true in life and in lifestyles.