5-Hour Rule: If you're not spending 5 hours per week learning, you're being irresponsible
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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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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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 suc...
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While you are happy that you've prepared for your profession, the knowledge you've learned is fast becoming outdated. We can safely assume that in 10 years, 50% of the facts in the field would be outdated.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.
When we consider the future of work, there are two trends we should keep a note of. They are:
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... 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...
Even if you're merely competent in these skills, combining them can lead to a world-class skill set.
Example: Scott Adams, the creator of Dilbert, one of the most popular comic strips of all time, was not the funniest person, not the best cartoonist, and not the most experienced employee. But by combining his humor and illustration skills while focusing on business culture, he became the best in the world in his niche.
Most creative breakthroughs come via making atypical combinations of skills.
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... where we are so immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity that we lose sense of space and time.
It is thought to be t...
... 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.
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