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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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.
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.
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.
“Live as if you were to die tomorrow. Learn as if you were to live forever.”
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.
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.
... 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 discovered from across fields to help them be more effective in their core field.
Specialists, on the other hand, just focus on knowledge from their own field.
... 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 triggered by a clear set of goals and having your skills pushed just beyond their breaking point while receiving and reacting to continuous feedback. Through Flow, we can work more and be happier, feel more accomplished, and get better at our jobs.
❤️ Brainstash Inc.