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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.
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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 app...
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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.”
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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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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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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 knowle...
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The brain has an amazing way of connecting dots and ensuring we make the best use of all the knowledge we have.
When you are out of ideas, expand your range of knowledge by speaking with others and reading extensively on other topics.
This way, you give your brain more dots to conne...
The more we learn, the more we can apply that to create value for other people. The more value we create for others, the more we would earn.
Like knowledge, one has to be generous with money, trying not to cling to it. Even if we lose some money in some ge...
You lose money when the price you pay does not match the value you're getting. For example, when you're paying high interest on credit card debt or spending on stuff you hardly use.
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