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The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

Reflect

The five-hour rule also includes reflecting and thinking. This could be just staring at the wall or jotting down your thoughts.

Focusing on the past gives you a chance to learn from mistakes you've made, as well as assess what you did correctly. As a result, you’ll be better suited to achieve your goals and improve your life.

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The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

https://www.entrepreneur.com/article/317602

entrepreneur.com

4

Key Ideas

The five-hour rule

No matter how busy successful people are, they always spend at least an hour a day (thus five hours a week) learning or practicing. And they do this across their entire career.

Barack Obama is far from the only leader to credit his success to reading. Bill Gates, Warren Buffett, Oprah Winfrey, Elon Musk, Mark Cuban and Jack Ma are all voracious readers. 

Read

Besides expanding your knowledge, reading can give you a good head start; this is often what your peers cannot obtain. 

Even if you can't commit to an hour or more of reading every day, start with 20 to 30 minutes.

Reflect

The five-hour rule also includes reflecting and thinking. This could be just staring at the wall or jotting down your thoughts.

Focusing on the past gives you a chance to learn from mistakes you've made, as well as assess what you did correctly. As a result, you’ll be better suited to achieve your goals and improve your life.

Rapid experimentation

Experiments are so useful because you have facts, not assumptions. 

Experiments show you what’s working. You can learn from your mistakes and obtain feedback from others. 

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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While you are happy that you've prepared for your profession, the knowledge you've learned is fast becoming outdated. We can safely assume that in 10 years, 50% of the facts in the field would be outdated.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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Build good habits in two minutes

The “two-minute rule”  has two parts.

First, if something takes less than two minutes, do it now. Next, start building new habits for two minutes at a time. The rule for this is: When you start a new habit, it should take less than two minutes to do. The idea is to make your habits as easy to start as possible. 

Think of these “two-minute habits” as gateway habits that will lead to your overarching goal.

Complete tasks in batches

It takes time to get into a rhythm to work on a task. Instead of constantly starting and stopping that process, it’s better to keep your rhythm going by bundling similar tasks together.

By doing this, you avoid interruptions and prevents himself from procrastinating.

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Successful and rising entrepreneurs have a key behavior trait that propels them towards their goals: Motivation towards that goal, the constant fixation in their minds to what they want to achieve....

Define your Purpose

Successful entrepreneurs know what they want in life, and what is the purpose of their existence. They have chosen a destiny and defined their purpose of living.

Everyday Motivation

Successful entrepreneurs have a system, a daily set of habits, a power routine that defines their work ethic, eventually defining the course of their lives.

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