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One habit that the ultra-wealthy have is that they are avid readers. They read. A lot.
Warren Buffet once said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”
He famously devotes most of his day to reading.
Bill Gates reads a book a week.
Elon Musk is an avid reader. When asked how he learned to build rockets, he said, “I read books.”
It’s a past time that the wealthy share. They read specifically to educate themselves.
An easy way to gain inexpensive access to books is to join your local library. So that takes that excuse away. You don’t have to devote 80% of your day reading, like Warren Buffet.
If you read 10 pages a day x 365 days in a year = 3650 pages per year
Some of you may be thinking, “who has the time?” I get it, I have kids and have a demanding job. Most days, the only thing I want to do is veg out to Netflix. Some days you need and deserve it. But if you dedicate ten minutes a day to reading, that’s ten more minutes of reading that you didn’t do before. All of your reading compounds over time like interest. Your brain connects all of this knowledge, over time, to form new solutions and creativity.
New research shows that reading can reduce stress, depression, and dementia. It also shows that readers feel happier and more fulfilled, compared to non-readers.
I’ve never had the attention span to read for long periods of time. So I was thrilled when I discovered the E-Learning platforms like Masterclass and CreativeLive. You can learn at your own pace from leading experts in their field like Howard Schultz, Tim Ferris, Gordon Ramsey, and many more.
Other great learning tools I use are: audio books, podcasts, and talk radio. As a sales rep, I spend a lot of time sitting in my car going to and from client meetings. When I’m not on the phone or listening to music, I make use of my time learning from — audio books, podcasts, and talk radio. An ancillary benefit to me is how relaxing audio books are to listen to.
When I’m feeling like I can concentrate, I like to read before bed. It’s generally the only time I have to do it and it helps me wind down before calling it a night.