Life

TED Talk: Tim Ferriss ‘Fear-setting’

TED Talk: Tim Ferriss 'Fear-setting'

As an entrepreneur, writer, podcaster, investor, motivational speaker, and life hacker, Tim Ferriss is a jack of all trades.

Like many of us, he’s obsessed with work and optimizing work habits. But he learned the hard way. A near suicide and a breakup with his girlfriend made him change. Instead of being goal-driven, he played with ‘what ifs’ in what he calls fear-setting.

To much chagrin, he left his business in 2004 to spend a month in London. It turned out all those fears he had – his company would collapse, the IRS would come after him — never happened. The opposite unfolded. He ended up traveling the world for a year where he lived more and worked less. an experience which led him to write his best-selling book The 4-Hour Work Week (Amazon).

At the core of Tim’s life-practice is stoicism, an age-old philosophy that has guided successful leaders from George Washington to Bill Belichick.

So around 300 BC in Athens, someone named Zeno of Citium taught many lectures walking around a painted porch, a “stoa.” That later became “stoicism.” And in the Greco-Roman world, people used stoicism as a comprehensive system for doing many, many things. But for our purposes, chief among them was training yourself to separate what you can control from what you cannot control, and then doing exercises to focus exclusively on the former. This decreases emotional reactivity, which can be a superpower.

There are two quotes Tim always keeps the top of mind in his daily life. The first is that “We suffer more often in imagination than in reality,” wrote the Stoic philosopher Seneca the Younger.

The second comes from a modern-day Stoic Jerzy Gregorek “Easy choices, hard life. Hard choices, easy life,” which became the backbone in his survival as a political refugee and endurance as four-time world champion Olympic weightlifter. 

Fear-setting is a life practice. It takes a lot of nerve to imagine our worst fears and take calculated risks, but the cost of inaction is even worse. Remember things are never as bad as they seem.