In the beginning of the 20th Century, poor people came to the United States from all over the world to make a new life for themselves. They worked very hard, saved every penny, and many of them, who showed up with almost nothing in their pockets, became very rich. They became the new rich - otherwise known as the “nouveau riche”. Their strong work ethic has become the foundation for the financial success of the United States.
Then, 16 years ago, author Tim Ferris identified a big problem with this hard-working mindset. Tim said:
“What’s the point of working all the time and saving all your money if you never enjoy yourself or your life?” This just doesn’t make sense.
Tim wrote the mega best-selling book The 4-Hour Work Week: Escape the 9 to 5, Live Anywhere, and Join the New Rich. And this time, “new rich” meant rich with time as well as money. This book is Tim’s autobiographical account of running a passive income...