Episode

The Tim Ferriss Show

Tim Ferriss: Bestselling Author, Human Guinea Pig

Business, Investing, Education, Health

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Business 3
Investing 1
Top 200 24

Tim Ferriss is a self-experimenter and bestselling author, best known for The 4-Hour Workweek, which has been translated into 40+ languages. Newsweek calls him "the world's best human guinea pig," and The New York Times calls him "a cross between Jack Welch and a Buddhist monk." In this show, he deconstructs world-class performers from eclectic areas (investing, chess, pro sports, etc.), digging deep to find the tools, tactics, and tricks that listeners can use.

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Should You Start a ’Startup’ or Build a Cash-Flow Business?

October 10th, 2015

Episode 201 of 407 episodes

"I should be used as a mercenary, not a lifer."-Tim Ferriss In this episode, we have a change of pace... Expa (@expa)is a startup studio. It was foundedby Garrett Camp, who co-founded Uber. Every once in a blue moon, they put together a night of education. I was invited to participate. In this episode, I discuss thetopic of startup design vs. lifestyle design. Some of you may be aware thatI've been involved with various startups ranging from Uber to Facebook, Twitter and DuoLingo, and other businesses that have grown to more than 100 million users and customers. Simultaneously, I have written many times aboutlifestyle design,and I've suggested that it should come before career planning. The question is, how do we reconcile these two different approaches to business? Should youfocus on building your muse and creating cash-flow focused business to fuel your ideal lifestyle...or should you swing for the fences and bet it all on a startup that is equity driven? This podcast explores these topics -- and many more -- and aims to answer the questions that I think are under-examined. Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This podcast is brought to you by99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results. Click this link and get a free $99 upgrade. Give it a test run... This podcast is also brought to you by Wealthfront. Wealthfrontisa massively disruptive (in a good way) set-it-and-forget-itinvestingservice, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last 2 years, and now has more than $2.5B under management. In fact, some of my goodinvestorfriendsinSiliconValley havemillionsoftheir own moneyinWealthfront. 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 riskassessmentquiz, which only takes 2-5 minutes, and they’ll showyou—for free–exactlytheportfolio they’d putyouin. If you want to just take their advice and do it yourself, you can. Or, as I would, you can set it and forget it. Well worth a few minutes:wealthfront.com/tim. Mandatory disclaimer:WealthfrontInc.isanSECregisteredInvestmentAdvisor. Investing in securities involves risks, and there is the possibility of losing money. Past performance is no guarantee of future results. Please visit Wealthfront dot com to read their full disclosure.

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