Can a Mentally Slow Person Learn to Read
5-Hr Rule: If you're not spending 5 hours per calendar week learning, y'all're being irresponsible
"In my whole life, I have known no wise people (over a broad subject affair area) who didn't read all the fourth dimension — none. Cipher."
— Charlie Munger, Self-made billionaire & Warren Buffett'due south longtime business organisation partner
Why did the busiest person in the world, former president Barack Obama, read an 60 minutes a day while in office?
Why has the best investor in history, Warren Buffett, invested 80% of his time in reading and thinking throughout his career?
Why has the world's richest person, Bill Gates, read a book a week during his career? And why has he taken a yearly 2-week reading vacation throughout his entire career?
Why do the world's smartest and busiest people discover i hour a twenty-four hours for deliberate learning (the 5-hour rule), while others brand excuses about how busy they are?
What practise they run across that others don't?
The answer is simple: Learning is the single all-time investment of our time that we can make. Or as Benjamin Franklin said, "An investment in knowledge pays the best involvement."
This insight is fundamental to succeeding in our noesis economy, withal few people realize it. Luckily, once y'all practice understand the value of noesis, it'southward uncomplicated to get more of it. Just dedicate yourself to constant learning.
Knowledge is the new money
"Intellectual capital will always trump fiscal upper-case letter." — Paul Tudor Jones, self-made billionaire entrepreneur, investor, and philanthropist
Nosotros spend our lives collecting, spending, lusting after, and worrying about money — in fact, when we say we "don't have time" to learn something new, it'southward commonly because we are feverishly devoting our fourth dimension to earning money, only something is happening right at present that's changing the relationship betwixt money and knowledge.
We are at the beginning of a menstruation of what renowned futurist Peter Diamandis calls rapid demonetization, in which technology is rendering previously expensive products or services much cheaper — or even free.
This chart from Diamandis' book Affluence shows how nosotros've demonetized $900,000 worth of products and services you might have purchased between 1969 and 1989.
This demonetization will advance in the future. Automated vehicle fleets will eliminate one of our biggest purchases: a car. Virtual reality will make expensive experiences, such as going to a concert or playing golf, instantly available at much lower cost. While the difference between reality and virtual reality is almost incomparable at the moment, the charge per unit of comeback of VR is exponential.
While teaching and health care costs have risen, innovation in these fields will likely lead to eventual demonetization every bit well. Many higher educational institutions, for example, have legacy costs to support multiple layers of bureaucracy and to upkeep 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, better diagnostics via artificial intelligence, and reduced cost of genomic sequencing will revolutionize the healthcare arrangement. These technologies and other ones like them will dramatically lower the boilerplate cost of healthcare by focusing on prevention rather than cure and management.
While appurtenances and services are condign demonetized, noesis is becoming increasingly valuable.
"The central event of the twentieth century is the overthrow of matter. In technology, economic science, and the politics of nations, wealth in the form of physical resource is steadily declining in value and significance. The powers of mind are everywhere ascendant over the brute forcefulness of things." —George Gilder (technology thinker)
Peradventure the all-time example of the rise value of certain forms of noesis is the self-driving car manufacture. Sebastian Thrun, founder of Google 10 and Google's self-driving car squad, gives the example of Uber paying $700 million for Otto, a half-dozen-month-one-time visitor with 70 employees, and of GM spending $1 billion on their acquisition of Cruise. He concludes that in this industry, "The going rate for talent these days is $x million."
That's $ten million per skilled worker, and while that's the near stunning case, it's not just true for incredibly rare and lucrative technical skills. People who identify skills needed for future jobs — e.k., data analyst, product designer, concrete therapist — and quickly larn them are poised to win.
Those who work really difficult throughout their career but don't accept time out of their schedule to constantly learn will be the new "at-risk" group. They gamble remaining stuck on the bottom rung of global competition, and they risk losing their jobs to automation, just as blueish-collar workers did between 2000 and 2010 when robots replaced 85 percent of manufacturing jobs.
Why?
People at the bottom of the economical ladder are being squeezed more and compensated less, 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, 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 across industries and regions have complained for years about a lack of skilled workers, and their complaints are borne out in U.S. employment data. In July [2015], the number of job postings reached its highest level ever, at v.eight million, and the unemployment rate was comfortably below the postal service-World State of war II average. But, at the aforementioned fourth dimension, over 17 million Americans are either unemployed, not working but interested in finding work, or doing office-time piece of work merely aspiring to total-time work."
In short, we tin run across how at a fundamental level knowledge is gradually condign its own important and unique form of currency. In other words, knowledge is the new money. Similar to coin, knowledge frequently serves as a medium of commutation and store of value.
But, different coin, when you use cognition or give it abroad, y'all don't lose it. In fact, it's the reverse. The more than you lot give away knowledge, the more you:
- Remember it
- Understand it
- Connect information technology to other ideas in your caput
- Build your identity as a role model for that knowledge
Transferring noesis anywhere in the globe is costless and instant. Its value compounds over time faster than money. It tin be converted into many things, including things that money can't purchase, such as authentic relationships and high levels of subjective well-being. It helps you achieve your goals faster and ameliorate. Information technology'south fun to acquire. It makes your encephalon piece of work better. Information technology expands your vocabulary, making you a better communicator. Information technology helps you think bigger and beyond your circumstances. It connects you to communities of people you didn't even know existed. It puts your life in perspective by essentially helping you live many lives in i life through other people'south experiences and wisdom.
Erstwhile President Obama perfectly explains why he was and so committed to reading during his Presidency in a recent New York Times interview:
"At a time when events move so quickly so much data is transmitted," he said, reading gave him the ability to occasionally "slow down and become perspective" and "the ability to make it somebody else's shoes." These 2 things, he added, "have been invaluable to me. Whether they've made me a ameliorate president I can't say. Just what I can say is that they have immune me to sort of maintain my balance during the form of eight years, because this is a place that comes at you difficult and fast and doesn't let upward."
6 essentials skills to main the new knowledge economy
"The illiterate of the 21st century will non exist those who cannot read and write, merely those who cannot larn, unlearn, and relearn." — Alvin Toffler
So, how do nosotros learn the right knowledge and have information technology pay off for u.s.a.? The six points beneath serve every bit a framework to help you begin to answer this question. I also created an in-depth webinar on Learning How To Learn that you can sentinel for costless.
- Identify valuable knowledge at the right time. The value of knowledge isn't static. Information technology changes equally a role of how valuable other people consider it and how rare it is. As new technologies mature and reshape industries, there is oft a arrears of people with the needed skills, which creates the potential for high compensation. Because of the high bounty, more people are chop-chop trained, and the average compensation decreases.
- Larn and master that knowledge rapidly. Opportunity windows are temporary in nature. Individuals must take advantage of them when they run across them. This means being able to learn new skills speedily. After reading thousands of books, I've found that understanding and using mental models is one of the most universal skills that Anybody should learn. It provides a strong foundation of knowledge that applies across every field. And so when you jump into a new field, you accept preexisting knowledge you can use to learn faster.
- Communicate the value of your skills to others. People with the same skills tin 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 y'all take are valuable is a "multiplier skill." Many people spend years mastering an underlying technical skill and virtually no time mastering this multiplier skill.
- Convert cognition into money and results. There are many ways to transform knowledge into value in your life. A few examples include finding and getting a chore that pays well, getting a heighten, building a successful business, selling your noesis as a consultant, and edifice your reputation past condign a idea leader.
- Acquire how to financially invest in learning to get the highest return. Each of us needs to find the right "portfolio" of books, online courses, and certificate/caste programs to assistance us achieve our goals within our budget. To get the correct portfolio, we need to apply fiscal terms — such as return on investment, adventure direction, hurdle rate, hedging, and diversification — to our thinking on knowledge investment.
- Master the skill of learning how to learn . Doing so exponentially increases the value of every hour nosotros devote to learning (our learning rate). Our learning rate determines how quickly our knowledge compounds over time. Consider someone who reads and retains ane book a week versus someone who takes 10 days to read a book. Over the grade of a year, a xxx% difference compounds to one person reading 85 more books.
To shift our focus from being overly obsessed with money to a more savvy and realistic quest for knowledge, nosotros need to stop thinking that we only acquire knowledge from 5 to 22 years old, and that then we can get a chore and mentally coast through the rest of our lives if we 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 economic system equivalent.
Just as we take minimum recommended dosages of vitamins, steps per twenty-four hour period, and minutes of aerobic exercise for maintaining concrete health, we need to be rigorous about the minimum dose of deliberate learning that will maintain our economic health. The long-term effects of intellectual complacency are merely equally insidious equally the long-term furnishings of not exercising, eating well, or sleeping enough. Not learning at least 5 hours per week (the 5-hr dominion) is the smoking of the 21st century and this commodity is the warning label.
Don't be lazy. Don't make excuses. Only go it washed.
"Live as if you were to die tomorrow. Learn equally if you were to live forever." — Mahatma Gandhi
Before his daughter was born, successful entrepreneur Ben Clarke focused on deliberate learning every day from 6:45 a.one thousand. to 8:thirty a.one thousand. for 5 years (two,000+ hours), merely when his daughter was born, he decided to replace his learning time with daddy-daughter fourth dimension. This is the indicate at which most people would give up on their learning ritual.
Instead of doing that, Ben decided to change his daily work schedule. He shortened the number of hours he worked on his to exercise listing in gild to make room for his learning ritual. Keep in mind that Ben oversees 200+ employees at his company, The Shipyard, and is ever busy. In his words, "Past working less and learning more than, I might seem to get less washed in a 24-hour interval, just I get dramatically more done in my year and in my career." This wasn't an easy conclusion by any means, but it reflects the blazon of difficult decisions that we all demand to beginning making. Even if yous're merely an entry-level employee, there'south no excuse. You can observe mini learning periods during your downtimes (commutes, lunch breaks, ho-hum times). Fifty-fifty xv minutes per day will add up to nearly 100 hours over a year. Time and energy should not be excuses. Rather, they are hard, merely overcomable challenges. Past being one of the few people who rises to this challenge, yous reap that much more in reward.
Nosotros ofttimes believe we can't afford the time information technology takes, simply the contrary is true: None of us tin can afford not to learn.
Learning is no longer a luxury; it's a necessity.
Outset your learning ritual today with these iii steps
The busiest, well-nigh successful people in the world find at least an hour to learn EVERY 24-hour interval. So tin can yous!
Just 3 steps are needed to create your own learning ritual:
- Discover the time for reading and learning even if you lot are really busy and overwhelmed.
- Stay consistent on using that "plant" time without procrastinating or falling casualty to distraction.
- Increment the results you receive from each hour of learning by using proven hacks that assistance you remember and utilize what you learn.
Over the last three years, I've researched how top performers observe the fourth dimension, stay consistent, and go more results. There was as well much information for one article, and so I spent dozens of hours and created a free masterclass to help yous master your learning ritual as well!
Sign upwardly for the gratuitous Learning How To Larn webinar here >>
This article was written with love and care using the blockbuster mental model .
If there's a link to an Amazon book, information technology's an chapter link, which ways I get a small amount of compensation when you buy the book. This compensation does not influence the specific books I recommend, as I only recommend books that I read and love.
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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