Invest in Knowledge

“If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the highest return.”

—Benjamin Franklin, American Founding Father

A client recently shared with me a book titled Rich Habits: The Daily Success Habits of Wealthy Individuals by Tom Corley.

From Corley’s years of research into hundreds of rich and poor people, I learned that of the wealthiest people:

  • 88% read for 30 minutes or more each day.
  • 63% listen to audio-books during their commute.
  • 94% read about current events.
  • 50%+ read biographies of successful people.

In contrast, only about one in fifty of those struggling financially engaged in daily self-improvement reading.

EXERCISE:

How can and will you invest the time and resources in your personal and professional development efforts to lead an even more richly rewarding life?

The more that you read

“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.”

-Dr. Seuss, pen name of Dr. Theodor Seuss Geisel

Image of The Cat in the Hat reading today's quote

image from Dr. Suess Entrprises

Dr. Seuss really knew what he was talking about with this quote!

According to DoSomething.org:

  • 2/3 of students who cannot read proficiently by the end of fourth grade will end up in jail or on welfare.
  • One in four children in America grows up without learning how to read.
  • Students who don’t read proficiently by the third grade are four times likelier to drop out of school.
  • Nearly 85% of the juveniles who face trial in the juvenile court system are functionally illiterate, proving that there is a close relationship between illiteracy and crime.

EXERCISE:

How will you, in this new year, make a greater commitment to reading and continuous learning, to support yourself and those you care about going to more wonderful places?

another mind in your hands

“When you read a book, you hold another’s mind in your hands.”

-James Burke, British broadcaster and author

image from cntraveler.com

image from cntraveler.com

Throughout my childhood and into my early adult years it was rare for me to read anything but an occasional comic book. My mother, Rose, meanwhile, was a voracious reader, often consuming 10-12 books every three weeks—the maximum allowed by our local library.

Although her formal education ended when she graduated from high school, she was more highly intelligent, articulate, and “in the know” than most college graduates. I greatly admired this quality in her and adopted her practices to a good degree throughout my various careers. This is especially true in my work as a Coach, in which I often get to share the minds of others through their wonderful, world-expanding books.

EXERCISE:

How would a good book related to your existing interests, challenges, or priorities provide a mind-expanding contribution to your world?

Consider the practice of always having a good book handy, so your mind is always expanding.

Click THIS LINK to see some of the world’s most amazing and beautiful libraries. They clearly demonstrate the honor given to books and learning.

From Harold S. Geneen

“You read a book from beginning to end. You run a business the opposite way. You start with the end, and then you do everything you must to reach it.”

– Harold S. Geneen

I know a few people who actually read the last chapter of a book to determine if they wish to read the book from the beginning.

Yet few of us ever want to be told a joke’s punch line first, to be told how a sporting event turns out, or to know how a popular movie ends. We like to see how things evolve.

Achieving professional or personal goals is different. We like to ensure a happy, successful ending, and therefore this quote suggests that we begin with the end in mind.

Exercise:

What are your personal and professional goals? Take at least two to three minutes to actually write them down.

Take another two to three minutes to write out steps and milestones along the way that will help you reach them.

Consider doing this exercise with family members, colleagues … or a coach. 🙂

(You can find details of my coaching services here: http://www.dempcoaching.com/professional-services