People that read a lot make way more money (2.3 times more?!!!!)
For a list of my recommendations: https://lnkd.in/eANYsvs
Here is an astounding fact – readers make more money – a lot more! It’s true. According to a number of studies, business people who read at least 7 business books a year earn over 2.3 times more than people who read only 1 book per year.
Why exactly do readers earn so much more money? One of the core reasons is that they have a constant stream of new ideas and strategies they can use to help their careers (e.g., developing core competencies), their teams and their companies.
The Japanese call this act of using a stream of new ideas to improve business practices “Kaizen”. They constantly use new ideas to make incremental improvements, which over time, stack up one on top of the other to create massive success.
The same success principle applies to managers. But where can you find a stream of new and practical ideas to help drive your success?
The easiest and most underutilized method is to learn directly from the world’s business experts (e.g., the Harvard Business Review). Many of them have written great books that offer their proven strategies and winning ideas – ideas and strategies that took years to develop and perfect. This information is just sitting there for the taking – ready to propel you to the next level.
The problem is, who has the time to do all that reading?
A recent study showed that 74.9% of all managers understand they need to read more to stay ahead of the curve, but they simply don’t have the time. And this troubling reality is directly impacting their incomes – not to mention their careers!
There is a solution! Just read.
Last year I had a student with a “BOOKS READ” section on her resume and it included a combination of business professional and personal pleasure books. She had a list of around 10 books. I am curious, if you had this section on your resume, what would that list look like? Note, many of my students say that section would be empty.
Pick up a book
Both Gates and Buffett make a point to read every day, a habit that research shows reduces stress and boosts intelligence.
“Reading books is my favorite way to learn about a new topic,” Gates writes on his blog. “I’ve been reading about a book a week on average since I was a kid. Even when my schedule is out of control, I carve out a lot of time for reading.”
Every evening before bed, he reads for one hour. By making time every day, he reads a whopping 50 books each year.
Buffett too credits much of his prowess to reading. He says he starts every morning by poring over several newspapers and estimates he spends as much as 80 percent of his day reading.
Recommended Business Books to Read, the classics…