In my Rich Habits Study, 88% of the wealthy read an average of 30 minutes each day, strictly to gain knowledge.
Their reading topics?
- Career/Industry-Related
- Self-Help
- Educational
- Biographies of Successful Historical Figures
- History
- Current Events Related to Their Career/Industry
- Anything Related to a Dream or Goals
- Hobbies/Interests
While reading is important, retaining what you read is even more important.
One Tool I picked up from one of the self-made millionaires in my Study is something I call the Fact Binder. The Fact Binder helps me retain facts or easily access facts that are critical to helping me grow, improve and make money.
In my big Fact Binder (it’s a 6 inch Binder), I separate important facts into alphabetical Topic Sections that are specific to all of the things I need to know for each of my five businesses. Here’s an example:
- Author Business
- Book Summaries – I summarize every book I read. Some summaries = 1 page, some are as long as 10 pages.
- Brain Science
- Economics
- Financial Planning
- Genetics
- Government
- Habits
- Health
- Rich Habits-Related Studies
- Speaker Business
- Taxes
- Training Business
- Wealth
- Writing
My Fact Binder is my go to resource for everything I learn from all of the reading I do. It helps me to easily access facts that my brain has not committed to long-term memory. I use my Fact Binder every day.
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About Thomas C. Corley
Great strategy,Tom. I’m going to borrow it.