One of the many habits of the self-made millionaires in my study was daily learning. Some of the millionaires learned by doing and others learned by reading and then applied that knowledge to their job, business, or in some side revenue stream they were investing their time and money in and trying to grow. The key here is putting knowledge to use. Knowledge without action is eventually forgotten and of little use. Many of those millionaires engaged in certain extracurricular activities that helped them maintain or grow their knowledge. Some of those activities included: teaching, writing (articles, blogs, books, etc.), speaking engagements, webinars, seminars, podcasts, etc. Teaching others knowledge that you have helps commit that knowledge to working memory, making you more effective and making access to that knowledge more efficient. When you know more than your competition, you add value to yourself. This translates into more clients, customers, promotions and ultimately more money. Increasing your working knowledge sets you apart from your competition. Clients, customers and employers don’t fire the best. They do everything to retain them.
About Thomas C. Corley
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