5-Hour Rule: If you're not spending 5 hours per week learning, you're being irresponsible - Deepstash

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5-Hour Rule: If you're not spending 5 hours per week learning, you're being irresponsible

https://medium.com/accelerated-intelligence/the-5-hour-rule-if-youre-not-spending-5-hours-per-week-learning-you-re-being-irresponsible-791c3f18f5e6

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5-Hour Rule: If you're not spending 5 hours per week learning, you're being irresponsible
"In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none. Zero."  - Charlie Munger, Self-made billionaire & Warren Buffett's longtime business partner Why did the busiest person in the world, former president Barack Obama, read an hour a day while in office?

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Charlie Munger
“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none. Zero.”

Charlie Munger

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Learning is an investment

Learning is an investment

Benjamin Franklin said, “An investment in knowledge pays the best interest.”  It's the reason Warren Buffett (& other successful individuals) spends 80% of his time reading. 

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Automatization Problem

Automatization Problem
People at the bottom of the economic ladder are being squeezed more aby automation, while those at the top have more opportunities and are paid more than ever before. 

The irony is that the problem isn’t a lack of jobs. Rather, it’s a lack of people with the right skills and knowledge to fill the jobs.

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Knowledge has Compound Value

Knowledge has Compound Value

But, unlike money, when you use knowledge or give it away, you don’t lose it. In fact, it’s the opposite. The more you give away knowledge, the more you remember it, connect it with other ideas, etc. 

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Intellectual Capital

Knowledge is the new money. While goods and services are becoming demonetized and replaced by machines, knowledge is becoming increasingly valuable.

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Mastering the knowledge economy

  1. Identify valuable knowledge at the right time. Things move fast. 
  2. Learn and master that knowledge quickly. Take advantage of existing opportunities. 
  3. Communicate the value of your skills to others. 
  4. Convert knowledge into money and results. Get a better job, demand better fees, etc. 
  5. Learn how to financially invest in learning to get the highest return. Find the right “portfolio” of books, online courses etc. 
  6. Master the skill of learning how to learn. 

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Mahatma Gandhi

“Live as if you were to die tomorrow. Learn as if you were to live forever.” 

Mahatma Gandhi

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Demonetization (or Dematerialization)

Demonetization (or Dematerialization)

The term coined by futurist Peter Diamandis is a process by which technology is rendering previously expensive products or services much cheaper — or even free. 

It's mainly happening because we are moving hardware products to software. For example, the phone today has about $1M of applications from a decade ago.

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The most successful, busy people in the world dedicate at least 5 hours a week to deliberate learning.

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The Simple Math 

It takes about 6,400 hours of class time and studying to get a 4-year degree. Assume that it takes you only 5,000 hours to master your field.

While you are happy that you've prepared for your profession, the knowledge you've learned is fast becoming outdated. We can safely assume that in 10 years, 50% of the facts in the field would be outdated. This means that for you, just to keep up in your current field, you'd need to learn 5 hours per week, 50 weeks a year.

Trends To Consider

When we consider the future of work, there are two trends we should keep a note of. They are:

  1. Half-life of knowledge
  2. Law of increasing learning

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The modern polymath

... is someone who becomes competent in at least 3 diverse domains and integrates them into a top 1-percent skill set.

In another words, they bring the best of what humanity has discov...

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Creative breakthroughs

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Researcher Brian Uzzi, a professor at the Northwestern University Kellogg School of Management, analyzed more than 26 million scientific papers going back hundreds of years and found that the most impactful papers often have teams with atypical combinations of backgrounds.

Flow is the state of mind

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It is thought to be t...

Why it’s hard to achieve flow in your workplace

  • The processes, policies, and busy work gets in the way.
  • Most jobs don’t have a clear goal.
  • Feedback can be inadequate.
  • The pace of work has increased, and it’s hard for people to spend time thinking deeply.
  • Your skills aren’t well matched to the challenges you are allowed to pursue.
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Take more risks

... to push your mind beyond its comfort zone. Flow happens when we get a bit out of our comfort zone. Too much, and you get anxious; Too little and you get bored.

You need to know your physical or emotional limitations and consciously push past them.