Why Does Facebook Stop and Revert 2 Home Page While I'm Reading an Article

5-Hour Dominion: If you're not spending 5 hours per week learning, you're being irresponsible

Photo credit from left to right: Pete Souza, gatesnotes.com, Wikipedia Commons

"In my whole life, I have known no wise people (over a wide field of study thing area) who didn't read all the fourth dimension — none. Naught."
— Charlie Munger, Self-made billionaire & Warren Buffett's longtime business partner

Why did the busiest person in the earth, erstwhile president Barack Obama, read an hour a twenty-four hours while in office?

Why has the all-time investor in history, Warren Buffett, invested 80% of his time in reading and thinking throughout his career?

Why has the world'south richest person, Bill Gates, read a book a calendar week during his career? And why has he taken a yearly two-week reading holiday throughout his entire career?

Why practise the world's smartest and busiest people find one hr a day for deliberate learning (the 5-hour rule), while others make excuses about how busy they are?

What do they run across that others don't?

The reply is simple: Learning is the single best investment of our time that we can make. Or as Benjamin Franklin said, "An investment in knowledge pays the best interest."

This insight is cardinal to succeeding in our knowledge economy, all the same few people realize it. Luckily, once yous do understand the value of knowledge, information technology's simple to get more of it. Just dedicate yourself to constant learning.

Knowledge is the new money

"Intellectual capital volition always trump financial capital letter." — Paul Tudor Jones, self-made billionaire entrepreneur, investor, and philanthropist

Nosotros spend our lives collecting, spending, lusting after, and worrying about coin — in fact, when we say we "don't have time" to learn something new, information technology's commonly because we are feverishly devoting our time to earning money, but something is happening right at present that's irresolute the relationship between money and cognition.

We are at the offset of a period of what renowned futurist Peter Diamandis calls rapid demonetization, in which technology is rendering previously expensive products or services much cheaper — or even complimentary.

This chart from Diamandis' book Abundance shows how we've demonetized $900,000 worth of products and services you might have purchased betwixt 1969 and 1989.

This demonetization will accelerate in the futurity. Automated vehicle fleets volition eliminate ane of our biggest purchases: a car. Virtual reality will make expensive experiences, such every bit going to a concert or playing golf, instantly available at much lower cost. While the divergence between reality and virtual reality is almost incomparable at the moment, the rate of improvement of VR is exponential.

While education and health care costs have risen, innovation in these fields will likely pb to eventual demonetization equally well. Many higher educational institutions, for example, have legacy costs to support multiple layers of hierarchy and to budget their campuses. Newer institutions are finding ways to dramatically lower costs by offering their services exclusively online, focusing only on training for in-demand, high-paying skills, or having employers who recruit students subsidize the price of tuition.

Finally, new devices and technologies, such as CRISPR, the XPrize Tricorder, amend diagnostics via artificial intelligence, and reduced toll of genomic sequencing will revolutionize the healthcare system. These technologies and other ones like them volition dramatically lower the average price of healthcare by focusing on prevention rather than cure and management.

While appurtenances and services are becoming demonetized, knowledge is becoming increasingly valuable.

"The fundamental event of the twentieth century is the overthrow of matter. In applied science, economics, and the politics of nations, wealth in the course of physical resources is steadily failing in value and significance. The powers of listen are everywhere ascendant over the brute force of things." —George Gilder (engineering thinker)

Perhaps the best example of the ascension value of certain forms of knowledge is the self-driving car industry. Sebastian Thrun, founder of Google 10 and Google's self-driving car squad, gives the example of Uber paying $700 one thousand thousand for Otto, a 6-calendar month-quondam visitor with 70 employees, and of GM spending $ane billion on their acquisition of Cruise. He concludes that in this industry, "The going rate for talent these days is $10 meg."

That's $ten million per skilled worker, and while that's the most stunning case, it's non just true for incredibly rare and lucrative technical skills. People who place skills needed for future jobs — e.g., information analyst, production designer, physical therapist — and quickly larn them are poised to win.

Those who work really hard throughout their career but don't accept fourth dimension out of their schedule to constantly learn will be the new "at-adventure" grouping. They hazard remaining stuck on the bottom rung of global competition, and they hazard losing their jobs to automation, simply equally blue-collar workers did between 2000 and 2010 when robots replaced 85 percent of manufacturing jobs.

Why?

People at the lesser of the economic ladder are being squeezed more and compensated less, while those at the top accept more opportunities and are paid more than ever earlier. The irony is that the problem isn't a lack of jobs. Rather, information technology'due south a lack of people with the right skills and knowledge to fill the jobs.

An Atlantic article captures the paradox: "Employers beyond industries and regions take complained for years about a lack of skilled workers, and their complaints are borne out in U.S. employment information. In July [2015], the number of chore postings reached its highest level ever, at five.8 meg, and the unemployment rate was comfortably below the postal service-World War Ii average. But, at the same time, over 17 1000000 Americans are either unemployed, non working but interested in finding work, or doing office-time work only aspiring to total-time work."

In brusque, we can come across how at a key level noesis is gradually becoming its own important and unique course of currency. In other words, knowledge is the new coin. Similar to coin, noesis often serves as a medium of exchange and store of value.

But, unlike money, when y'all use noesis or give information technology away, yous don't lose it. In fact, it's the opposite. The more yous give away knowledge, the more you:

• Remember information technology
• Empathize it
• Connect it to other ideas in your head
• Build your identity as a role model for that cognition

Transferring knowledge anywhere in the world is free and instant. Its value compounds over fourth dimension faster than money. Information technology can be converted into many things, including things that coin tin't buy, such as authentic relationships and high levels of subjective well-being. Information technology helps y'all attain your goals faster and better. It'south fun to acquire. It makes your encephalon piece of work better. It expands your vocabulary, making you a better communicator. It helps you retrieve bigger and beyond your circumstances. Information technology connects you to communities of people you lot didn't even know existed. Information technology puts your life in perspective past essentially helping you live many lives in i life through other people's experiences and wisdom.

Onetime President Obama perfectly explains why he was then committed to reading during his Presidency in a recent New York Times interview:

"At a time when events move so quickly and and so much data is transmitted," he said, reading gave him the ability to occasionally "tiresome downward and get perspective" and "the ability to go far somebody else'due south shoes." These ii things, he added, "accept been invaluable to me. Whether they've made me a better president I can't say. But what I tin say is that they have allowed me to sort of maintain my rest during the course of eight years, because this is a place that comes at yous difficult and fast and doesn't let up."

6 essentials skills to main the new knowledge economy

"The illiterate of the 21st century volition not be those who cannot read and write, simply those who cannot learn, unlearn, and relearn." — Alvin Toffler

And then, how do nosotros learn the correct cognition and have information technology pay off for us? The six points below serve equally a framework to assistance you begin to respond this question. I too created an in-depth webinar on Learning How To Learn that you can watch for free.

1. Identify valuable knowledge at the right time. The value of knowledge isn't static. It changes every bit a office of how valuable other people consider information technology and how rare it is. As new technologies mature and reshape industries, there is often a deficit of people with the needed skills, which creates the potential for high compensation. Because of the high compensation, more people are apace trained, and the average compensation decreases.
2. Larn and principal that noesis apace. Opportunity windows are temporary in nature. Individuals must take advantage of them when they run across them. This means being able to acquire new skills chop-chop. After reading thousands of books, I've found that understanding and using mental models is one of the about universal skills that Everyone should learn. It provides a strong foundation of noesis that applies across every field. So when yous jump into a new field, you lot have preexisting knowledge yous can use to learn faster.
3. Communicate the value of your skills to others. People with the same skills can command wildly different salaries and fees based on how well they're able to communicate and persuade others. This ability convinces others that the skills yous have are valuable is a "multiplier skill." Many people spend years mastering an underlying technical skill and well-nigh no time mastering this multiplier skill.
4. Convert knowledge into money and results. There are many means to transform noesis into value in your life. A few examples include finding and getting a job that pays well, getting a raise, building a successful business organization, selling your cognition as a consultant, and building your reputation by becoming a thought leader.
5. Learn how to financially invest in learning to go the highest return. Each of u.s.a. needs to find the right "portfolio" of books, online courses, and certificate/degree programs to aid united states of america reach our goals within our budget. To get the right portfolio, we demand to apply fiscal terms — such as return on investment, take a chance management, hurdle rate, hedging, and diversification — to our thinking on knowledge investment.
6. Primary the skill of learning how to acquire . Doing and so exponentially increases the value of every hour we devote to learning (our learning rate). Our learning rate determines how quickly our noesis compounds over fourth dimension. Consider someone who reads and retains one book a week versus someone who takes 10 days to read a book. Over the course of a year, a 30% difference compounds to 1 person reading 85 more books.

To shift our focus from being overly obsessed with money to a more savvy and realistic quest for knowledge, we need to terminate thinking that nosotros only acquire knowledge from 5 to 22 years old, and that and then nosotros tin get a chore and mentally declension through the residual of our lives if we piece of work hard. To survive and thrive in this new era, nosotros must constantly learn.

Working hard is the industrial era approach to getting ahead. Learning hard is the knowledge economy equivalent.

Just every bit we have minimum recommended dosages of vitamins, steps per day, and minutes of aerobic exercise for maintaining physical health, we need to exist rigorous almost the minimum dose of deliberate learning that will maintain our economic wellness. The long-term effects of intellectual complacency are just as insidious as the long-term effects of not exercising, eating well, or sleeping enough. Non learning at least 5 hours per calendar week (the 5-hr rule) is the smoking of the 21st century and this article is the alarm label.

Don't exist lazy. Don't make excuses. Simply get it done.

"Live as if you were to dice tomorrow. Larn every bit if yous were to live forever." — Mahatma Gandhi

Earlier his daughter was born, successful entrepreneur Ben Clarke focused on deliberate learning every day from 6:45 a.m. to 8:30 a.m. for five years (2,000+ hours), but when his daughter was born, he decided to replace his learning fourth dimension with daddy-daughter time. This is the signal at which about people would give upwards on their learning ritual.

Instead of doing that, Ben decided to change his daily piece of work schedule. He shortened the number of hours he worked on his to do list in gild to make room for his learning ritual. Keep in mind that Ben oversees 200+ employees at his visitor, The Shipyard, and is always busy. In his words, "By working less and learning more, I might seem to get less done in a day, just I get dramatically more done in my yr and in my career." This wasn't an piece of cake decision by any means, merely it reflects the type of difficult decisions that we all demand to start making. Even if you lot're just an entry-level employee, in that location's no excuse. You can find mini learning periods during your downtimes (commutes, luncheon breaks, tedious times). Fifty-fifty xv minutes per 24-hour interval volition add upwards to nearly 100 hours over a year. Time and free energy should not be excuses. Rather, they are difficult, just overcomable challenges. By being one of the few people who rises to this claiming, yous reap that much more than in reward.

We often believe we tin can't afford the fourth dimension information technology takes, but the contrary is truthful: None of u.s.a. tin afford non to learn.

Learning is no longer a luxury; it'due south a necessity.

Start your learning ritual today with these three steps

The busiest, most successful people in the world find at least an 60 minutes to acquire EVERY DAY. So tin can you!

Merely 3 steps are needed to create your own learning ritual:

1. Observe the time for reading and learning fifty-fifty if you lot are really busy and overwhelmed.
2. Stay consistent on using that "found" time without procrastinating or falling prey to distraction.
3. Increase the results you receive from each hour of learning past using proven hacks that assistance you lot remember and apply what you learn.

Over the last three years, I've researched how pinnacle performers find the fourth dimension, stay consistent, and get more than results. There was as well much information for ane article, so I spent dozens of hours and created a free masterclass to help y'all main your learning ritual likewise!

Sign upwards for the free Learning How To Learn webinar here >>

This article was written with beloved and intendance using the blockbuster mental model .

If there'south a link to an Amazon volume, it'south an affiliate link, which means I get a small amount of bounty when yous buy the book. This compensation does not influence the specific books I recommend, as I merely recommend books that I read and love.

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Source: https://medium.com/accelerated-intelligence/the-5-hour-rule-if-youre-not-spending-5-hours-per-week-learning-you-re-being-irresponsible-791c3f18f5e6

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