At any given time you can reset your Nexus 4 smartphone to the factory default settings, meaning you will bring your phone back to the same state as it was on a day when you took it out of the box.
In case you didn't know, you can turn you LG G2 Android powered smartphone into a Wi-Fi hotspot and use it to surf the web with any other wireless device like notebook, tablet or a smartphone.
If for some reason your Android powered smartphone does not perform as good as it used to, or you want to sell it I suggest you to bring it to its original factory state.