THE FIVE-HOUR RULE USED BY BENJAMIN FRANKLIN, BILL GATES & ELON MUSK
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.
https://yourstory.com/2022/08/unlock-power-5-hour-rule-bill-gates-elon-musk/amp
Unlock the power of the 5-hour rule used by Bill Gates, Elon Musk
“An investment in knowledge pays the best interest.” – Benjamin Franklin.
Being successful is a choice. And the choice is made up of simple different habits which we inculcate in our day-to-day lives.
The same time which you spend on social media can be spent on the ‘5-hour rule.’ Now, this 5-hour rule is a daily habit of some of the most eminent personalities like Bill Gates, Jack Ma, Elon Musk, and even Benjamin Franklin.
Benjamin Franklin was a firm believer in the 5-hour rule though the concept was coined by Michael Simmons. The rule is that you dedicate at least one hour every day- five hours a week to learning and reading. This one hour can be at any time of the day.
Read:
Elon Musk, the founder of SpaceX, learned how to build rockets by reading. Bill Gates, on the other hand, is known to read at least 50 books a year and it is said that he carries books with him even on vacations! Just pick up a book and start. Not a fast reader? Read a chapter. New to reading books? Go for books with simple language. But just start.
Reflect:
Consuming too much knowledge without reflecting can get overwhelming. Reading or learning should always be followed up with reflection. Try to write down your thoughts after reading the book. You can also write down any questions you may have in your mind and you will notice in the long run that you can successfully reflect on the events of the day and take action accordingly.
Experiment:
One of the common things which all successful people have is the confidence to experiment. If Elon Musk wouldn’t dare to experiment, SpaceX wouldn’t be the first private company to launch a rocket into space and return to Earth intact. If Jack Ma didn’t experiment with Alibaba, he wouldn’t have been able to secure Goldman Sachs and Softbank as its initial investors. He even recommends applying the knowledge gained from books to real-life scenarios.
Focus on improvement:
Like mentioned earlier, success is made up of multiple small habits and improvement is one of them. Self-improvement to be precise. Now, many of us might confuse self-improvement with productivity.
Understandably, some of you might struggle with getting into the habit of the 5-hour rule at first. If one hour a day is overwhelming, start with fifteen minutes.
Bill Gates shares his book recommendations every year and our top tip is you pick one. It may be challenging to be consistent at first but you will surely love all the knowledge that will come to you over the due course of time. Give the 5-hour rule a try and who knows you can well be on your way to becoming the next most successful person the world has known!
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I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an N.C. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
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I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
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