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. 

@averyb33

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Problem Solving

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Charlie Munger
i>“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.”</
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.

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. 

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

  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. 
Mahatma Gandhi
Live as if you were to die tomorrow. Learn as if you were to live forever.” 
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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RELATED IDEAS

The 5-Hour Rule

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

The 5-Hour Rule is the most critical practice we can all adopt for long-term career success. However, almost no-one takes it as seriously as they should.

7

IDEAS

Being a polymath sets you up to solve more complex problems. Many of the largest problems that face society and individuals benefit from solutions that integrate multiple disciplines.

Use job crafting

... to connect your work to a clear purpose or intention. The main reason we can’t find Flow at work is because our goals aren’t clear. Job crafting consists of looking at your job at multiple levels—task, relationships, identity—and adjusting each one to find more purpose.

For example, you could adjust your daily tasks to include more challenging ones. Deepen your relationships with people inside or outside your department. Or change your job title to be more aligned with what you see as your most important work.

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