How Long Would It Take You to Read the Whole Bible Using Prof Horner's Method

5-Hr Dominion: If you're not spending five hours per week learning, you're existence 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 broad field of study affair expanse) who didn't read all the time — none. Zero."
— Charlie Munger, Self-made billionaire & Warren Buffett'south longtime business partner

Why did the busiest person in the world, former president Barack Obama, read an hour a day while in function?

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

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

Why do the earth's smartest and busiest people detect one hr a day for deliberate learning (the v-hr dominion), while others make excuses near how busy they are?

What do they meet that others don't?

The answer is simple: Learning is the single best investment of our fourth dimension that we tin make. Or as Benjamin Franklin said, "An investment in cognition pays the best interest."

This insight is fundamental to succeeding in our cognition economy, notwithstanding few people realize information technology. Luckily, in one case y'all do understand the value of knowledge, it's simple to get more of it. Just dedicate yourself to constant learning.

Knowledge is the new coin

"Intellectual majuscule will always trump financial uppercase." — Paul Tudor Jones, self-made billionaire entrepreneur, investor, and philanthropist

Nosotros spend our lives collecting, spending, lusting afterward, and worrying virtually money — in fact, when we say nosotros "don't accept time" to learn something new, it's usually because nosotros are feverishly devoting our time to earning money, but something is happening right at present that'southward 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 Abundance shows how nosotros've demonetized $900,000 worth of products and services you might have purchased between 1969 and 1989.

This demonetization will accelerate in the future. Automatic vehicle fleets volition eliminate one of our biggest purchases: a car. Virtual reality will brand expensive experiences, such equally going to a concert or playing golf, instantly available at much lower toll. While the deviation between reality and virtual reality is nigh incomparable at the moment, the charge per unit of improvement of VR is exponential.

While instruction and health care costs have risen, innovation in these fields volition probable lead to eventual demonetization likewise. Many higher educational institutions, for example, have legacy costs to back up multiple layers of hierarchy and to upkeep their campuses. Newer institutions are finding means to dramatically lower costs past offer their services exclusively online, focusing simply on preparation for in-demand, high-paying skills, or having employers who recruit students subsidize the cost of tuition.

Finally, new devices and technologies, such equally CRISPR, the XPrize Tricorder, ameliorate 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 average cost of healthcare past focusing on prevention rather than cure and management.

While goods and services are becoming demonetized, cognition is becoming increasingly valuable.

"The cardinal issue of the twentieth century is the overthrow of matter. In technology, economics, and the politics of nations, wealth in the course of physical resource is steadily declining in value and significance. The powers of mind are everywhere ascendant over the animate being strength of things." —George Gilder (technology thinker)

Peradventure the best example of the rising value of certain forms of noesis is the self-driving car industry. Sebastian Thrun, founder of Google Ten and Google'southward self-driving car team, gives the instance of Uber paying $700 one thousand thousand for Otto, a six-month-former company with 70 employees, and of GM spending $1 billion on their acquisition of Cruise. He concludes that in this industry, "The going charge per unit for talent these days is $ten million."

That'south $ten million per skilled worker, and while that's the most stunning example, it's not merely true for incredibly rare and lucrative technical skills. People who place skills needed for futurity jobs — e.g., information analyst, production designer, concrete therapist — and speedily learn them are poised to win.

Those who work really difficult throughout their career but don't take time out of their schedule to constantly larn will be the new "at-risk" grouping. They chance remaining stuck on the bottom rung of global contest, and they run a risk losing their jobs to automation, just as bluish-collar workers did between 2000 and 2010 when robots replaced 85 percentage of manufacturing jobs.

Why?

People at the lesser of the economic ladder are being squeezed more and compensated less, while those at the top have more than opportunities and are paid more than than always before. The irony is that the problem isn't a lack of jobs. Rather, it's a lack of people with the correct skills and knowledge to fill the jobs.

An Atlantic article captures the paradox: "Employers across industries and regions have complained for years nigh 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 e'er, at five.viii 1000000, and the unemployment charge per unit was comfortably below the mail service-World War II average. Only, at the same time, over 17 1000000 Americans are either unemployed, non working just interested in finding work, or doing office-time work but aspiring to full-time work."

In short, we can see how at a key level knowledge is gradually condign its ain important and unique form of currency. In other words, knowledge is the new money. Similar to money, cognition often serves every bit a medium of exchange and shop of value.

But, unlike coin, when you lot utilise cognition or requite it away, yous don't lose it. In fact, it'south the reverse. The more than you give abroad noesis, the more you:

• Recollect it
• Empathise it
• Connect it to other ideas in your head
• Build your identity as a role model for that knowledge

Transferring knowledge anywhere in the world is free and instant. Its value compounds over time faster than coin. Information technology tin can be converted into many things, including things that money tin't purchase, such equally authentic relationships and high levels of subjective well-beingness. It helps you accomplish your goals faster and better. It's fun to acquire. It makes your encephalon work better. It expands your vocabulary, making yous a ameliorate communicator. It helps you think bigger and beyond your circumstances. It connects yous to communities of people you didn't even know existed. It puts your life in perspective by essentially helping you lot alive many lives in one life through other people's experiences and wisdom.

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

"At a fourth dimension when events move then speedily and so much information is transmitted," he said, reading gave him the ability to occasionally "tiresome down and become perspective" and "the ability to get in somebody else's shoes." These two things, he added, "have been invaluable to me. Whether they've made me a improve president I tin't say. But what I can say is that they accept allowed me to sort of maintain my residual during the class of 8 years, considering this is a place that comes at you difficult and fast and doesn't let up."

six essentials skills to primary the new knowledge economic system

"The illiterate of the 21st century will non be those who cannot read and write, but those who cannot larn, unlearn, and relearn." — Alvin Toffler

Then, how do we learn the right knowledge and have information technology pay off for the states? The six points below serve equally a framework to help yous brainstorm to answer this question. I also 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 as a role of how valuable other people consider it and how rare information technology 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 than people are quickly trained, and the boilerplate compensation decreases.
2. Larn and master that knowledge quickly. Opportunity windows are temporary in nature. Individuals must take advantage of them when they see them. This means beingness able to learn new skills speedily. Afterwards reading thousands of books, I've constitute that understanding and using mental models is one of the almost universal skills that EVERYONE should learn. It provides a strong foundation of knowledge that applies beyond every field. Then when you leap into a new field, y'all take preexisting knowledge yous tin can apply to learn faster.
3. Communicate the value of your skills to others. People with the same skills tin control wildly dissimilar salaries and fees based on how well they're able to communicate and persuade others. This ability convinces others that the skills you have are valuable is a "multiplier skill." Many people spend years mastering an underlying technical skill and nigh no fourth dimension mastering this multiplier skill.
4. Catechumen knowledge into money and results. There are many ways to transform cognition into value in your life. A few examples include finding and getting a job that pays well, getting a enhance, building a successful business concern, selling your knowledge equally a consultant, and building your reputation past condign a thought leader.
5. Learn how to financially invest in learning to get the highest return. Each of usa needs to find the right "portfolio" of books, online courses, and certificate/degree programs to aid united states achieve our goals inside our budget. To get the right portfolio, we need to employ fiscal terms — such as return on investment, risk management, hurdle rate, hedging, and diversification — to our thinking on knowledge investment.
6. Master the skill of learning how to learn . Doing so exponentially increases the value of every hour we devote to learning (our learning rate). Our learning charge per unit determines how quickly our knowledge compounds over time. Consider someone who reads and retains one book a week versus someone who takes 10 days to read a book. Over the form of a year, a 30% departure compounds to ane person reading 85 more books.

To shift our focus from being overly obsessed with money to a more than savvy and realistic quest for knowledge, we demand to terminate 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 residual of our lives if we work hard. To survive and thrive in this new era, we must constantly larn.

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

Just every bit nosotros have minimum recommended dosages of vitamins, steps per 24-hour interval, and minutes of aerobic practice for maintaining physical health, we need to be rigorous virtually the minimum dose of deliberate learning that volition maintain our economic health. The long-term effects of intellectual complacency are just as insidious equally the long-term furnishings of not exercising, eating well, or sleeping enough. Not learning at least 5 hours per calendar week (the 5-hour dominion) is the smoking of the 21st century and this article is the warning label.

Don't be lazy. Don't make excuses. Just get it done.

"Alive as if you were to die tomorrow. Larn equally if you were to alive forever." — Mahatma Gandhi

Earlier his daughter was built-in, successful entrepreneur Ben Clarke focused on deliberate learning every 24-hour interval from six:45 a.yard. to 8:xxx a.m. for five years (2,000+ hours), only when his daughter was born, he decided to supplant his learning fourth dimension with daddy-daughter time. This is the point at which virtually 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 practise list in social club to make room for his learning ritual. Keep in heed that Ben oversees 200+ employees at his company, 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, only I get dramatically more done in my twelvemonth and in my career." This wasn't an easy determination by any means, but it reflects the type of difficult decisions that we all need to outset making. Fifty-fifty if you're just an entry-level employee, there'southward no excuse. You tin observe mini learning periods during your downtimes (commutes, lunch breaks, boring times). Fifty-fifty fifteen minutes per day will add up to nearly 100 hours over a twelvemonth. Time and energy should not be excuses. Rather, they are difficult, but overcomable challenges. By beingness i of the few people who rises to this challenge, you reap that much more in advantage.

We often believe we can't afford the fourth dimension information technology takes, but the opposite is truthful: None of us tin afford not to learn.

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

Start your learning ritual today with these iii steps

The busiest, most successful people in the globe find at least an hr to learn EVERY DAY. Then tin you!

Just three steps are needed to create your own learning ritual:

1. Observe the time for reading and learning fifty-fifty if yous are really decorated and overwhelmed.
2. Stay consequent on using that "plant" time without procrastinating or falling casualty to distraction.
3. Increment the results you lot receive from each hour of learning by using proven hacks that assist you remember and apply what y'all larn.

Over the final three years, I've researched how acme performers find the time, stay consequent, and get more than results. There was too much data for i article, so I spent dozens of hours and created a costless masterclass to assistance you main your learning ritual also!

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

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

If at that place's a link to an Amazon book, it'due south an affiliate link, which means I get a minor amount of compensation when you buy the book. This compensation does not influence the specific books I recommend, every bit I only 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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