Discover Your Career Path

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What is the currency of the new rich according to Timothy Ferriss?

Social status

Luxury goods

Money and power

Time and mobility (correct)

What is the importance of being a dealmaker according to the text?

To negotiate reality (correct)

To make more money

To gain power and control

To be unethical in negotiations

What does the word DEAL stand for in the context of the text?

Determine, Evaluate, Analyze, Limit

Demonstrate, Evaluate, Analyze, Learn

Definition, Elimination, Analysis, Limitation (correct)

Determine, Evaluate, Act, Learn

What is the uncommon conclusion that the text leads to?

The common sense rules of the 'real world' are a fragile collection of socially reinforced illusions Signup and view all the answers

What is the New Rich's approach to work-life balance?

Taking mini-retirements throughout their lives Signup and view all the answers

What does the author suggest about sacrificing personal productivity for the sake of work?

It is not productive and should be avoided Signup and view all the answers

What is the author's advice on waiting for the right time to pursue important things?

Do it now and correct the course as you go Signup and view all the answers

What does the author recommend regarding focusing on strengths and weaknesses?

Focus on leveraging strengths for better results Signup and view all the answers

What did the author do to conquer his fear of uncertainty?

He envisioned all possible worst case scenarios and realized they were not as bad as he thought Signup and view all the answers

What did the author realize about his worst case scenarios?

They were only temporary and not as bad as he thought Signup and view all the answers

What did the author's clients often say to him after experiencing his services?

God, I wish I could do what you do Signup and view all the answers

What did the author realize about fear disguised as optimism?

It leads to the same result as fear disguised as pessimism - nothing happens Signup and view all the answers

What is the main difference between the 'New Rich' and the 'Deferrers' according to the text?

The 'New Rich' prioritize quality of life and pursuing their dreams, while the 'Deferrers' prioritize accumulating material possessions. Signup and view all the answers

What is the 'E' in the 'ELA' lifestyle design recipe according to the text?

Elimination Signup and view all the answers

What is the 'A' in the 'ELA' lifestyle design recipe according to the text?

Automation Signup and view all the answers

What is the 'L' in the 'ELA' lifestyle design recipe according to the text?

Liberation Signup and view all the answers

What is the main reason people avoid quitting their jobs?

They believe everything will improve Signup and view all the answers

What is the difference between enduring a boring job and enduring pure hell?

Pure hell forces action, while a boring job can be endured without action Signup and view all the answers

What is the fear of the unknown disguised as?

Optimism Signup and view all the answers

What is the main message the author is trying to convey?

Don't save it all for the end Signup and view all the answers

What is the measure of a person's success, according to the text?

Their willingness to have uncomfortable situations Signup and view all the answers

What should you consider when measuring the cost of inaction?

The potential downsides of action and the atrocious cost of inaction Signup and view all the answers

What is the 'freedom multiplier' according to the text?

The number of options you have in life Signup and view all the answers

What is the flaw with retirement planning according to the text?

It is predicated on the fact that you don't like what you are doing during the most physically capable moments of your life Signup and view all the answers

What is the author's view on following popular models?

They are never effective and should be avoided at all costs Signup and view all the answers

What is the important distinction between official rules and self-imposed rules according to the text?

Self-imposed rules are more important than official rules Signup and view all the answers

What is the meaning of eustress according to the text?

Stress that is healthy and promotes growth Signup and view all the answers

What is the importance of relative income according to the text?

It is more important than absolute income Signup and view all the answers

What is the author's view on using money as a solution to problems?

Adding more money isn't the answer to problems Signup and view all the answers

What is the definition of free time according to the text?

Time spent doing what you want to do Signup and view all the answers