Discover how to optimize the power of time that billionaires Elon Musk and Bill Gates both apply

After a long day at work, many people come home exhausted and stressed. Therefore, they want to use the rest of the day to watch their favorite movie and relax, taking a break from work.

However, many experts say that this habit is not very healthy. That’s why the world’s top successful people like billionaires Elon Musk, Bill Gates or Jack Ma… all spend their free time cultivating knowledge.

During a five-year study of more than 200 self-made millionaires, the author of “Thomas Corley’s Habits of Success” found that these people don’t watch TV. Instead, 86% claim that they spend their time. In addition, 63% said they listen to audiobooks during their morning commute.

“Certainly rich people love to read, but they like non-fiction, especially self-improvement books,” Thomas Corley said.

Billionaire Bill Gates often shares his favorite titles. Photo: Gates Notes.

Billionaire Elon Musk is famous for having taught himself rocket science by reading books and talking to industry heavyweights. On the other hand, billionaire Bill Gates reads 50 books a year and often shares his favorite titles with everyone.

So how do these billionaires find time to read every day? According to the Entrepreneur writer, they adhere to the “5 hour rule”.

This rule was coined by Michael Simmons, founder of Empact and bestselling author. He believes that successful people no matter how busy they are, they always spend at least 1 hour a day or 5 hours a week for purposeful learning, which brings long-term benefits. Those hours can be divided into 3 categories:

Read

Reading is an important part of the 5-hour rule. This is also an indispensable part of the life of billionaire Bill Gates. He once told The New York Times that “reading is one of the main ways for me to learn and has been a habit since I was a kid”.

Library warehouse at Xanadu 2.0 mansion of billionaire Bill Gates. Photo: Archute.

Meanwhile, self-made millionaires including Mark Cuban and Dan Gilbert spend 1-3 hours a day reading. And billionaire Jack Ma said that reading helps give you a good start. Compared to other people, people who read books regularly can grasp many strategies and tactics of multidisciplinary.

Even if you can’t spend at least an hour a day reading, you can build the habit by spending about 20-30 minutes. If you’re on the go, you can listen to audiobooks or podcasts. Also, don’t forget to carry your favorite book so you can read it whenever you have free time, instead of wasting time scrolling through your phone.

Think

Just reading the book is not enough. The point of regular reading is to learn, accumulate knowledge, and reflect on what you read. You absorb too much knowledge but do not digest and digest it, then reading will become futile.

Try writing down your thoughts and questions about the acquisition. For some people, they keep a journal or a diary of their life experiences, whether they fail or succeed. When they reflect on their successes and failures, they can learn from them, limit their mistakes, and build on their strengths.

Billionaire Warren Buffett says “The Intelligent Investor” has changed his life. Photo: Inc. Magazine.

Test

Experimentation is the key to applying your reading and thinking skills to real-life situations, helping you to become creative and innovative. You have to put the ideas digested in the actual input and turn them into reality. Importantly, you shouldn’t worry about failure. Even if the experiment fails, you can still learn from the practice.

Have you ever wondered how Google became one of the most influential companies in the world? That’s because the company allows its employees to experiment. Or Thomas Edison became one of the great inventors thanks to many times of experimenting with new ideas.

When you create study habits, you can be more successful and effective in different areas of your life. By investing in the habit of reading, you can ensure that you are developing yourself every day.

Without going through the testing process, billionaire Elon Musk’s SpaceX will not be the first private company to launch a rocket into space and then return to Earth intact. Photo: CNBC.

According to MoneyControl