5-Hour Rule: If you're not spending 5 hours per week learning, you're being irresponsible
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“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.”
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.
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.
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.
Knowledge is the new money. While goods and services are becoming demonetized and replaced by machines, knowledge is becoming increasingly valuable.
“Live as if you were to die tomorrow. Learn as if you were to live forever.”
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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A negative mind will never give you a positive mind.
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A five-year study of more than 200 self-made millionaires found that they don't watch TV. Instead, an impressive 86 percent claimed they read — but not just for fun. What's more, 63 percent indicated they listened to audiobooks during their morning commute. So how do they find the time to read daily? They adhere to the five-hour rule.