How learning outside work hours craft your IT Career like PRO?
A very known fact prevailing in IT now a days: If you’re not spending 5 hours per week learning, you might get replaced shortly by your co workers or by people having skills better than you.
This make everyone of us feel worried with question
Are we spending right time and effort in upgrading ourselves as per technology needs?
Today Companies say why I should pay extra someone if he is not willing to learn new areas. Today's business need innovation and this innovation only comes when people more knowledgeable and understand complex business scenarios which can be solved majorly if they are knowledgeable and spend good amount of time in educating them self for their and employer betterment
Knowledge is the new money
We spend our lives collecting, spending, lusting after, and worrying about money —in fact, when we say we “don’t have time” to learn something new, it’s usually because we are feverishly devoting our time to earning money, but something is happening right now that’s changing the relationship between money and knowledge.
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We are at the beginning of a period of what renowned futurist Peter Diamandis calls rapid demonetization, in which technology is rendering previously expensive products or services much cheaper —or even free.
People at the bottom of the economic ladder are being squeezed more and compensated less, while those at the top have more opportunities and are paid more than ever before. The irony is that the problem isn’t a lack of jobs. Rather, it’s a lack of people with the right skills and knowledge to fill the jobs.
Today number of Jobs that pay you extremely high in number much higher compare to past but same times it demands lot of innovation and your skills to survive at such high paying jobs.
Former President Obama perfectly explains why he was so committed to reading during his Presidency in a recent New York Times interview: “At a time when events move so quickly and so much information is transmitted,” he said, reading gave him the ability to occasionally “slow down and get perspective” and “the ability to get in somebody else’s shoes.” These two things, he added, “have been invaluable to me. Whether they’ve made me a better president I can’t say. But what I can say is that they have allowed me to sort of maintain my balance during the course of eight years, because this is a place that comes at you hard and fast and doesn’t let up.”
Six essentials skills to master the new knowledge economy
So, how do we learn the right knowledge and have it pay off for us?
The six points below serve as a framework to help you begin to answer this question.
1. Identify valuable knowledge at the right time
The value of knowledge isn’t static. It changes as a function of how valuable other people consider it and how rare it is. As new technologies mature and reshape industries, there is often a deficit of people with the needed skills, which creates the potential for high compensation. Because of the high compensation, more people are quickly trained, and the average compensation decreases.
2. Learn and master that knowledge quickly
Opportunity windows are temporary in nature. Individuals must take advantage of them when they see them. This means being able to learn new skills quickly. After reading thousands of books, I’ve found that understanding and using mental models is one of the most universal skills that everyone should learn. It provides a strong foundation of knowledge that applies across every field. So when you jump into a new field, you have preexisting knowledge you can use to learn faster.
3. Communicate the value of your skills to others
People with the same skills can command wildly different salaries and fees based on how well they’re able to communicate and persuade others. This ability convinces others that the skills you have are valuable is a “multiplier skill.” Many people spend years mastering an underlying technical skill and virtually no time mastering this multiplier skill.
4. Convert knowledge into money and results
There are many ways to transform knowledge into value in your life. A few examples include finding and getting a job that pays well, getting a raise, building a successful business, selling your knowledge as a consultant, and building your reputation by becoming a thought leader.
5. Learn how to financially invest in learning to get the highest return.
Each of us needs to find the right “portfolio” of books, online courses, and certificate/degree programs to help us achieve our goals within our budget. To get the right portfolio, we need to apply financial terms—such as return on investment, risk management, hurdle rate, hedging, and diversification—to our thinking on knowledge investment.
6. Master the skill of learning how to learn.
Doing so exponentially increases the value of every hour we devote to learning (our learning rate). Our learning rate determines how quickly our knowledge compounds over time. Consider someone who reads and retains one book a week versus someone who takes 10 days to read a book. Over the course of a year, a 30% difference compounds to one person reading 85 more books.
To shift our focus from being overly obsessed with money to a more savvy and realistic quest for knowledge, we need to stop thinking that we only acquire knowledge from five to 22 years old, and that then we can get a job and mentally coast through the rest of our lives if we work hard. To survive and thrive in this new era, we must constantly learn.
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