The SECRET of success of all billionaires: the rule of "5 hours"

Well-known businessmen and entrepreneurs know about the importance of self-education, and daily spend time learning.

Many famous entrepreneurs and billionaires such as Elon Musk, bill gates, Warren Buffett and mark Zuckerberg — are similar to each other in one point: they do self-development.

Despite the constant employment every day they allocate at least an hour (in total five hours per week) for training and practice. Researchers call it the rule of "five hours". How does five hours of Often self-development includes three stages — this is a reading, reflection and practice.





1. Reading

It is known that the Nike founder Phil knight so values its library, forcing guests to take off their shoes before entering her. Oprah Winfrey also owes its success to books: "Books were my pass to personal freedom".

The love of reading she shared with the members of your book club. But knight and Winfrey are not alone in their addiction to literature. Just look at the other habits of billionaires:

• Warren Buffett pays daily five or six hours to the study of Newspapers and financial reports;
  
  
• Bill gates reads 50 books a year;
  
  
• Mark Zuckerberg reads at least one book every two weeks.
  
  
• Elon Musk, according to his brother, as a child reading two books per day;
  
  
• Mark Cuban spends every day reading for three hours;
  
  
• Arthur Blank, cofounder of Home Depot pays daily books for two hours;
  
  
• The billionaire businessman David Rubenstein reads six books a week;
  
  
• Dan Gilbert, the billionaire owner of the Cleveland Cavaliers, every day read at least one hour.
  
  

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2. Thinking

An important component of the rules-five hours is the reading comprehension or reflection.

The head of AOL, Tim Armstrong makes subordinates do meditation for four hours a week. Jack Dorsey is known for his thoughtfulness. The CEO of LinkedIn allocates every day for two hours for reflection. The founder of O2E Brands (capitalization of the company exceeds 250 million dollars) Brian Scudamore holds weekly for ten hours, thinking.

When Reid Hoffman need to think about a new idea, he calls one of his friends — Peter Thiel, max Levchin or Elon musk. If ray Dalio makes a mistake, he writes it in the General diary, available to all employees of the company. He then sets aside time to discuss it with his team.

Entrepreneur-billionaire Sara Blakely is known for his passion for diaries. In one interview she said that she has more than 20 notebooks where she writes down all the hardships and the joys.





3. Practice

Finally, rule five hours includes practice.

As you know, Google provides its employees to spend 20% of their time on experimentation with new projects. Facebook is also encouraging experiences.

But the most famous experimenter is Thomas Edison. Despite his genius, he always approached new projects as thoroughly. First, Edison had found all possible solutions, and then carefully checked each. According to one of his biographers, "although Edison knew all the theories of his time, he found it useless in solving new and unknown problems."

His approach was so unusual that Nikola Tesla once said: "If Edison needed to find a needle in a haystack, he with feverish diligence of a bee touched all the grass in her quest".

The advantage of rules five hours — the rapid development

Those who apply the rule to five hours, have the advantage over others: to their productivity and efficiency is the speed of self-development. Just a few hours of training a week can set you apart from the crowd.

Here's how says the entrepreneur billionaire mark andressen:

"I think the myth of the 22-year-old founder of a successful business devoid of any specifics. Society greatly underestimates the importance of skills and experience. People tend to overestimate the importance of decisive steps, because in reality without the necessary training, they almost always end in failure. There are not a lot of mark Zuckerberg. Most people will never become famous or rich. Therefore, for many of us it is vital to obtain the skills and necessary experience."

Later he added:

"If you study the biographies of truly great CEOs, you might find that they all possessed an encyclopedic knowledge. This is difficult to achieve in the last 20 years. It is much wiser to spend five to ten years to receive necessary experience."





Rule five hours should be considered as an exercise

You should go beyond the stereotype that learning should be gradually, but throughout life. Think, what is the minimum time you should devote to self-education to make a successful career.

Experts compiled a set of recommendations for daily intake of vitamins, duration of trips and the intensity of exercise — for those who lead a healthy life. But few people think about the same recommendations for daily training.

 



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The consequences of living without self-development and the pursuit of knowledge as insidious as the effects of an unhealthy lifestyle. The head of AT&T have said very well about this in his interview:

"If a person devotes five to ten hours per week of independent study, he risks permanently to keep up with life".published

 



Source: ru.insider.pro/digest/2016-12-19/vazhnejshie-ekonomicheskie-its-weeks/