Thursday, September 16, 2004

Time Is Money by Gary North

Great piece by Mr. North on how to make money and how to make even more money. Gary has become one of my favorite weekly reads and his common sense solutions and adroit way of looking at society are refreshing. Another recent article that I more than fully relate to was on if college was actually worth it -- NO! Before you dismiss this idea as completely absurd, check out the article. I've harbored these feelings since entering the workforce and ever preceeding that date (they probably began in 6th grade when school began to bore the crap out of me). I also strongly recommend his archieves.

INVEST IN YOURSELF

Because most people don’t like their work, they don’t like to work. The pioneer likes his work. He understands that the extra hours invested in his work are in fact invested in himself. He chooses his work in such a way that he is happy to invest the extra time in developing his skills and his business.

If you hate your work, you will find it difficult to work the extra hours needed to master the field. This is why a young person would be wise to take less pay in a job that draws him deeper into it. He will then be willing to invest that extra 25% or more that it takes to be successful in any field.

If you have above-average intelligence – that is, if "reality TV shows" bore you, with the possible exception of "The Apprentice" – an investment of 1,000 hours will make you competent in any field for which you have innate ability. An investment of 5,000 hours will make you a master.

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