Summary of 5-Hour Rule

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“Knowledge is the new money,” learning entrepreneur and best-selling author Michael Simmons argues. In the 21st-century knowledge economy, he posits, you either sink or learn. Taking his cue from some of the world’s most successful people, including Bill Gates and Warren Buffett, he advocates for spending at least five hours per week reading and learning. Simmons’s article is for everybody who seeks advice on how to establish a lifelong learning habit or who needs the extra motivation to finally do so.

About the Author

Michael Simmons is an award-winning social entrepreneur, best-selling author, and contributor to publications like Forbes, Business Insider and HBR.

 

Summary

Knowledge and skills are replacing money to become the 21st century’s most valuable currency.

As technology advances, money is becoming an increasingly less valuable asset. Many products or services that used to be expensive are now cost-free parts of your smartphone. The trend will likely continue. The launch of automated vehicles will mean that people won’t need to save up for cars anymore, and innovations in education and health care will make even those areas significantly less costly. Knowledge is displacing money as a winning asset in a world of rapid technological transformation. Workers who prioritize knowledge acquisition over money acquisition will win out in the end. Demand for highly skilled...


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