Have you ever really thought about what you really want? Most people say they want to be rich or want a million dollars; however this is not really what you want it is what you think the money will do for you. So what would you do if you were earning a million dollars a year?

Go travelling, be a full time parents, spend more time with your spouse… Well what if I told you that you can have all this and live like a millionaire without being one.

Welcome to the New rich…To live your dream life doesn’t necessary require a lot of money in fact it can be a surprising small amount when you really do the math. What you do need to be is use different strategies and think a little different from what you are doing now.

I am sure you have heard of the Pareto’s 80/20 Principle which states that 80% of your results come from 20% of your efforts.

We live in a wonderful era where the world is connected and you can access almost anything though a click of a mouse. This also includes other professional in other countries with MBA’s that are willing to do your work for pennies on the dollar. What am I talking about? Outsourcing!

To live like a millionaire you first need to identify and stop doing 80% that is only bring in 20% of the results and focus more on the 20% that results in 80% of your results. If you can’t stop doing them simply delegate them and outsource the tasks.

Let me give you an example. If you need to do tasks like research, send emails, formatting, etc you could hire a virtual assistant for $5 an hour so you can focus on more important tasks that bring in bigger results – the 20% If you do this you will have more time, less stress and will earn more money quicker simply because you are now focusing more on the 20% that brings in 80% of your results.

This can be done whether you are an employee or and business owner. Tim Ferriss has mastered this and has written a book called the 4 Hour Work Week, I highly recommend you read it and apply it. There truly is no end to what you can outsource, you simple just need to use your imagination.

Tim Ferriss is a master a life style design and show you how to live like a millionaire without being one.

Watch this funny experiment Tim did to see how far you can take this idea – Welcome to the new rich.

Click here to view the embedded video.