10 Mind-Blowing Lessons from Tim


Tim Ferriss net worth is over $100 million, most of which has been acquired through his businesses and early investments in billion-dollar companies including Alibaba, Facebook, Uber, Twitter, and more.

Tim graduated from Princeton University in 2000. 

In 2001, Tim founded BrainQUICKEN which is an internet-based nutritional supplements business, while still employed in sales at a data storage company. 

In 2007, he published the NYT best-selling book “The 4-Hour Workweek” which has been later translated into 40 languages and has sold more than 2.1 million copies worldwide

So how does Tim Ferriss went from making $40K a year to have a net worth of over $100 million? Let’s find out.

Who is Tim Ferriss?

tim ferriss

Timothy Ferriss (aka Tim Ferriss) is an American entrepreneur, investor, best-selling author, and lifestyle guru. 

Tim has been listed as one of Fast Company’s “Most Innovative Business People”. He is an early-stage technology investor/advisor for billion-dollar companies like Uber, Facebook, Shopify, Duolingo, Alibaba, and more.

He’s also the author of five #1 New York Times and Wall Street Journal bestsellers, including The 4-Hour Workweek and Tools of Titans.

Tim Ferriss Biography:

  • Tim Ferriss’s Age: 44 years old
  • Birth Date: 20 July 1977
  • Birth Place: East Hampton, New York, United States
  • Nationality: American
  • Status: Unmarried

Tim Ferriss in Numbers:

  • Tim is the host of The Tim Ferriss Show podcast which has over 600 million downloads. It is also the first business/interview podcast to pass 100,000,000 downloads
  • Over 1.7 million people follow Tim Ferriess on Twitter, here’s the Twitter handle of Ferriss
  • Over 900,000 people have subscribed to his YouTube channel
  • Over 1.1 million people follow Tim Ferriss on Instagram

Are you ready to discover the success secrets that helped Tim Ferriss to become one of the influential entrepreneurs? Want to know how Tim Ferriss net worth went from $0 to over $100 million? Let’s find out.

10 Inspiring Lessons to Learn from Tim Ferriss

tim ferriss net worth

Lesson 1: Build a massive following

Tim Ferriss has a HUGE following online. 

Over 1.5 million people have subscribed to his email list. His newsletter series called “5-Bullet Friday” is one of the popular newsletter series where Tim sends out an exclusive email with the five incredible things he has found (or explored) that week.

His ability to build a big following is the reason Tim Ferriss net worth is over 100 million dollars.

Tim also has a massive following on social media networks such as Instagram, YouTube, Twitter, etc.

If you want to become successful like Tim, learn to build a loyal following on social media. Here are some of the best ways to grow your following online.

Start with ONE platform: When you’re just getting started and looking to grow your following on social media, pick just one platform (such as Facebook or Twitter). 

Don’t spend your time across all social media networks as it’s not going to work. Pick one platform. Spend more time to share useful stuff. Connect with the influencers. Engage with your followers. 

Analyze your competitors: Make a list of all the competitors in your niche and figure out what strategies they are using to build a social media following. 

  • Find out the timing of your competitors’ social media posting schedule
  • Find out how frequently your competitors are posting on social media
  • Identify their top-performing contents on social media

Key takeaway:  When you have a huge audience, it becomes easier to understand your customer base. You can easily find out what they want and launch products according to their needs. So start building an audience. Start a blog today if you haven’t yet. Grow your social following.

Lesson 2: Freedom is the new wealth

In 2001, Tim Ferriss founded an internet-based nutritional supplements business called “BrainQUICKEN” while still employed.

BrainQuicken was marketed as the world’s first neural enhancer and soon he started earning over $40,000 per month from that business. 

Although he was making such a huge amount of money, he often found himself working 12 to 14 hours every single day to run his business.

That’s when Tim realized that “freedom is the new wealth”.

So… he decided to take a year-long vacation to backpack through Europe to introspect himself.

While he’s on vacation, he also realized his business is still doing well! He learned a lot of incredible lessons along the way which led him to write one of his best-selling books “The 4 Hour Workweek”.

Key takeaway: It’s always better to earn $5K working 4 hours a week rather than making $10K working 8 hours a day. Find out how to get more things done in a day. Try to achieve freedom as freedom is the new wealth.

Lesson 3: Start a blog or website

One of the key secrets behind Tim’s success is his blog. Tim’s blog has a huge readership all around the world. Most of his blog posts receive thousands of comments and social shares.

If you don’t have a blog yet, this is the RIGHT time to start. Here’s a quick tutorial on starting a WordPress blog (WordPress is the #1 CMS in the world) within a budget.

Visit this link to visit Hostinger’s website. 

Quick note: Hostinger is one of the most affordable web hosts that’s trusted by over 29 million users worldwide.

Once you’re on Hostinger’s site, scroll down to see their shared hosting pricing plans which look like this;

hostinger plans

Pick any web hosting plan that suits your needs. Go for their Premium Shared Hosting plan as you can install more websites along with a free domain.

If you want the cheapest hosting plan from Hostinger, you can choose their Single Shared Hosting plan which costs you around $60 for 4 years of hosting.

Enter our promo code ANILAGARWAL to get more discounts. After the discount, here’s the pricing for their cheapest shared hosting plan;

hostinger coupon

See that? Make the payment and you’ll get a confirmation email from Hostinger along with your login details. That’s it, you can then install WordPress on Hostinger to start a blog.

Key takeaway: Blogging helps you build an audience from scratch. It helps you with more traffic, networking, conversions and sales. Build a blog, create great content and engage with your readers. 

Lesson 4: Smartly monetize your audience

tim ferriss podcast

Tim knows how to smartly monetize his businesses. 

Did you know that per-episode sponsorship on Tim’s podcast is currently $43,200?

He asks for a minimum of 2 episodes to start. That means, one has to spend close to $100,00 to become his podcast sponsor.

More than 80% of his podcast sponsors renew, and many book 6 to 12 months in advance to lock the pricing.

Yes, Tim’s podcast “The Tim Ferriss Show” is often the #1 business podcast on Apple Podcasts and is frequently a top-10 podcast across all genres.

But… that’s A LOT of money per episode, right?

Wrong!

Because… nearly 40% of his podcast listeners earn more than $100,000 per year (according to Tim’s survey). 

Just imagine getting a word about your brand or product to high-income people.. Most of them will convert if your brand or products match their needs.

Key takeaway: Find ways to cleverly make money from your audience and following. Also, make sure to produce 10x better results for those who’re doing collaborations or sponsorships with you. It’s a win/win approach. 

Lesson 5: Educate yourself to become an author (Tim Ferriss book recommendations)

Tim Ferriss is an NYT best-selling author.

He experimented with a lot of things in his life. He tried, failed and learned. 

Then, he talked about what worked BEST for him in his books. He practiced whatever he had written in his books. That’s the major reason Tim’s books are instant best-sellers. 

Tim Ferriss has written five books which are listed below along with their brief summary and purchasing links (starting from recently published books).

Key takeaway: Learn from people. Learn from your mistakes. Experiment with a ton of things. Document them. Then try putting the BEST advice in the form of books. You might become the next best-selling author – you never know! 

Lesson 6: Face your fears & grow with them

In one of his TED talks, Tim talks about “Fear Setting”. Tim says he does the “fear-setting” exercise at least once a quarter, often once a month.

To do or not to do? To try or not to try? Most people will say no if they’re faced with difficulties and fear.

If you’re insecure and scared, you’re NEVER going to create an impact in the world. 

Maybe you wanted to ask for an income raise, or quit your job to start a company but your mind goes into self-protection mode to find excuses. Once you face the fears, they’ll disappear. 

Just be calm and consider the benefits of taking action and also consider the consequences of inaction. That’s it!

Key takeaway: Implement Tim’s fear-setting exercise to examine your fears more closely. Face your fears and grow with them – that’s the key to your success in life and business. 

Lesson 7: Your network is your net worth

“Don’t dismiss people, don’t be a dick, and don’t rush. Play the long game.” – Tim Ferriss

Tim Ferriss has an influential network. He’s friends with some of the most influential people in the world.

He knows how to build an incredible network really fast. That’s why he was able to get tips and advice for his book “Tribe of Mentors” from over 130 celebs.

Tim Ferriss has three tips to build and grow a great network.

  • Create trust before you ask anything
  • Build before you need to
  • Assume you will know each other long-term

Make sure to implement Tim’s advice on networking if you want to see better results in your career. 

Key takeaway: Whenever possible, meet people in person to build your network. Learn how to interact with A-listers in your industry. Always think long-term while networking with others. Find how you can offer help.

Lesson 8: Ignore the haters

For every book Tim Ferriss wrote, he received a lot of criticism. Many people consider Tim Ferriss and his best-selling book The 4 Hour Workweek as a scam.

He also receives a ton of negative reviews on his books, tweets, blog posts, etc.

Did he stop creating content, products or books? Did he stop doing interview podcasts with other influencers?

NO!  

Tim considers criticism as a good thing. He thinks the criticism is good for creativity. Be positive and ignore the haters. That’s the reason Tim Ferriss net worth is growing rapidly  

Key takeaway: Criticism is also a form of communication. When someone criticizes your work, think positively and come up with new ideas. If you’re facing just trolls, ignore them. 

Lesson 9: Turn your ideas into execution

One of the indicators of successful people is this: they put their ideas into action REALLY FAST.

Most people have ideas but they never put those ideas into practice. That’s why most people don’t succeed.

Tim doesn’t care about the results and focuses mostly on the “execution”. He also validates his ideas through his email lists, blog posts, videos, tweets, etc. That’s how he often creates life-altering products and books. 

So make sure to focus on executing your ideas instead of going for perfection.

Do the most important things first. 

Always ask yourself  “If this were the only thing I accomplished today, would I be satisfied with my day?” and do it first.

Key takeaway: A ton of really useful and innovative ideas never become a reality because most people don’t act on their ideas. Break down your ideas into smaller steps so you can start taking immediate action instead of delaying them further. 

Lesson 10: Don’t underestimate yourself

Tim Ferriss lives by Leo Tolstoy’s quote ― “Everyone thinks of changing the world, but no one thinks of changing himself.”

If you want to change the world, change yourself first.

Tim Ferriss does what he does because he enjoys it. 

NEVER underestimate yourself. Create big goals. But make sure to take action every single day. That’s how you achieve success in any industry.

Key takeaway: Always make sure to enjoy the journey. Be positive and not end up exhausted with a pocket full of business cards that do nothing. 

Top 10 Tim Ferriss Quotes That Will Inspire You to Keep Hustling

Looking for inspiring quotes by Tim Ferriss? Here are the top 10 Tim Ferriss quotes about entrepreneurship, leadership, and hustle.

Tomorrow becomes never. No matter how small the task, take the first step now!

You are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends. If someone isn’t making you stronger, they’re making you weaker.

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.

If you spend your time, worth $20-25 per hour, doing something that someone else will do for $10 per hour, it’s simply a poor use of resources.

It’s lonely at the top. Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre. The level of competition is thus fiercest for ‘realistic’ goals, paradoxically making them the most time and energy-consuming.

Creating demand is hard. Filling demand is easier. Don’t create a product, then seek someone to sell it to. Find a market — define your customers — then find or develop a product for them.

Doing less meaningless work, so that you can focus on things of greater personal importance is NOT laziness. This is hard for most to accept because our culture tends to reward personal sacrifice instead of personal productivity

It is possible to become world-class, enter the top 5% of performers in the world, in almost any subject within 6-12 months, or even 6-12 weeks.

To become “successful,” you have to say “yes” to a lot of experiments. To learn what you’re best at, or what you’re most passionate about, you have to throw a lot against the wall.

Information is useless if it is not applied to something important or if you will forget it before you have a chance to apply it.

FAQs on Tim Ferriss

Here are some of the frequently asked questions about Tim Ferriss.

What is Tim Ferriss net worth?

Tim Ferriss has a net worth of $100 million dollars, which is acquired through various ventures and investments in companies like Facebook, Uber, Twitter, etc.

Who is Tim Ferriss’ wife?

Tim Ferriss is a single man, and he is not married yet.

What is the Tim Ferriss podcast?

Tim Ferriss’ podcast is called The Tim Ferriss Show which is the first business/interview podcast to pass 100 million downloads.

What are the books written by Tim Ferriss?

Tim Ferriss has written five books including The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans, and Tribe of Mentors.

How much does Tim Ferriss earn per podcast?

Tim Ferriss makes most of his podcast money through sponsorships. According to a source, he charges around $43,000 per episode and does two sponsorships per episode which mean he earns roughly $90,000 per podcast episode.

How to contact Tim Ferriss?

You can email Tim at timferriss@gmail.com or tf@fourhourbody.com. You can also tweet him at @tferriss

Few More Net Worth Related Posts:

Final Thoughts on Tim Ferriss Net Worth

Tim Ferriss is successful because he often over-delivers. Most of his blog posts are long and every single book he published is long. He ALWAYS over-delivers.

He also believes that being early is much less important than doing great. That’s how he was able to create such a massive following through podcasting and social media. 

Did you like our detailed case study on Tim Ferriss net worth? What did you learn from Tim Ferriss’s massive success? Please share your thoughts in the comments.

You Might Also Like:





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *