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Ask HN: What's the most valuable thing you can learn in an hour?

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Re: Ask HN: What's the most valuable thing you can learn in an hour?

#641
post #517
post #474

Earlier quoted context omitted.

Alright, I'll bite. This is such a victimhood mentality and a ridiculous statement. I wasn't wealthy when I started investing. Hell, the first dollar I put into my long term portfolio was when I was living in my car! I started with ~$200 that I made from doing a collection of odd jobs (mowing lawns, computer repair, moving dirt, etc.). Every extra penny I made went into investing into a moderate portfolio focusing on…

A bit of calculation would show that a lot of people have no chance of building "great passive income" in 10 years. They simply do not have enough income to save that much. "I started with $200" tells us nothing useful. I can start with $5 and have great passive income if I'm making $100k and wife is making $70k and both of us are capable of saving a good chunk per year. I can start with $5000 and have little more th…

There are a lot of blogs out there about people retiring early and living off residuals. When I looked closely the people involved were not like “normal” people. One couple were high paid lawyers and the wife could basically freelance a few times a year and make a killing. Another couple moved to Portugal and somehow kept $100k++ remote jobs from companies in NYC. Another was a very high paid Microsoft manager in Seattle.

My father in law is out of touch as well. He talks about maxing out your 401k. He pays he son $15 an hour on 1099 and talks about how he should be saving, impossible. When my wife was making $40k right out of college he preached it as well. If you’re making $40k you can’t put $18.5k into the bank.

Re: Ask HN: What's the most valuable thing you can learn in an hour?

#642

Memorize important phone numbers (eg, close friends and family). Memorize at least one of your credit card numbers. It's not uncommon to find yourself in a situation without a phone or wallet. Can't tell you how many times a would-be tricky situation was easily resolved by having a particular number in memory.

Don't forget to memorize the security code!

And expiration date!

Re: Ask HN: What's the most valuable thing you can learn in an hour?

#646

CPR/Choking/First Aid course is probably close to an hour. How to change your own oil - probably lots of other money-saving home and auto DIY things... Speed reading and memory tricks can be a multiplier on learning other skills. How to use automation tools like Zapier and IFTTT - again, a force multiplier. You might be interested in this book https://www.amazon.com/First-20-Hours-Learn-Anything/dp/1591... - the auth…

I’m always amazed when the “change your own oil” option comes up in these discussions as it’s a very classic example where having specialized tools s and doing it a lot really speeds you up. And it’s a dirty job without a lot of intellectual interest. Further you can get it done for you in 10 minutes for approaching minimum wage. Unless you work on your car for fun and have things like a lift sitting around it seems…

Agreed. Which brings me to something I learned in an hour (from Ricky Yean's insightful piece on "mindset inequality" [1]) and which I'm still learning recognize in myself -- i.e. the disadvantaging qualities of a poverty mindset.

Quote from article: "Being poor makes you suck at using money as a resource. My time was always cheaper growing up, so I got used to opting to spend time rather than money. I had to fix this way of thinking when we raised our first seed round, but it took quite some time. A simple decision to hire a new employee, for example, took a very long time–to the point that it cost us growth."

When you're raised in poverty or a poor student (like I was), resources are expensive but time is cheap, so the tendency is/was to use my own time to save a couple of bucks here and there.

When you're no longer a poor student, this poverty mindset can actually work against you if you apply it to everything. It can be growth limiting step. When you have money, time is much more precious and and the time/money trade-off looks very different. In many situations, money is "cheaper" than time. One therefore needs to learn how to redeploy that money to access cheaper less expensive resources than time. But if you have a poverty-mindset, you never learn how to do this and hence are at a disadvantage in life, even as you become middle-class or better.

Take oil changes for instance. 5W20 non-synthetic oil costs about $10. An oil change costs about $25 here in Chicago, and can be done in 15 minutes -- and done impeccably. The difference is $15. If I were to do it myself -- without the right tools, plus I don't have a garage and it's really cold outside -- it would take an hour and it would be a sloppy job. $15 is a fraction of what I make per hour, and I figure if I pay someone to do it, I can redeploy that time (plus any number of 1 hour chunks spent on things where I have no competitive advantage) to thinking and cultivating myself or even just relaxing (idleness is crucial to creative thinking), the culmination of which is top-line growth, and I figure I'd make back that $15 (3 times a year = $45/yr) many times over.

It's ok to DIY for fun and for self-enrichment (I admire handy people), but as a universal prescription, it can potentially be a rate limiting step for many people.

Side note: if you're landlord/homeowner however, DIY is very high leverage (vs. paying tradespeople) and one's payback can be huge. One has to make that calculation for oneself.

[1] Silicon Valley founders who grew up poor can’t shake “mindset inequality” https://qz.com/602770/silicon-valley-founders-who-grew-up-po...

Re: Ask HN: What's the most valuable thing you can learn in an hour?

#649
I can't be sure that my path to relative success will work for everyone, so take my tips with a pinch of salt. I find though that the steps I've taken below have made me a valuable team member that continues to be sought after for years at a time with teams I have and continue to work with...

1. Learn to drop your ego. This is one of the single biggest things that change the dynamic of your interactions with those around you. It will change the quality of every relationship you have for the better. It will make you more approachable. It will make people want to include you, confide in you and will help them trust you.

2. Meaningful interaction with your peers. Learn to understand things from the point of view of others, and I don't mean just those that think and believe the same as you. I mean those that in some cases think and believe the exact opposite. Become someone valuable to others. Someone they can rely on. Someone they will not go to battle without, and someone they will not leave behind in a firefight. This takes time and effort. Do what you say you're going to do. Be there when you say you're going to be there. Say you're going to be there. Show up. Like Othello, this one you can learn the principles in 10 minutes, but it takes a lifetime to master and takes conscious discipline every day. But like compound interest, it adds up exponentially.

3. Learn to be seen in a way that people respect. People tend to respect those that grant them respect. Don't let their respect or any resulting admiration give you a big head. Your greatest value is being there to serve others.

These were the most difficult ones but are the ones that will catapult your relationships forward. Relationships are the key to your success. I believe they're the key to all of our successes. They're the difference between making it because of sheer dumb luck, and making it because you made a difference to those that have the power to drag you forward and effect positive change in your life. The fun thing about these points is they're all free and you can do them whether you're homeless living on the streets with no money or already earning millions of dollars a year.

... next up, some tangible skills that are valuable... these are likely to cost some money, so unfortunately, they're pretty inaccessible to those that don't have access to resources that will allow them to learn.

4. Right now the market is making a steady and urgent march towards AI and machine learning. If you're not already aware of it, get on board. Maintain discipline enough to learn something every day capitalizing on what you learned yesterday, even if it's the tiniest steps. The few people you can't automate out of a job are the ones that are building the automation and work in areas that benefit the march towards automating all the things. You don't need to learn AI specifically, this is but one niche. Take a look at market trends more than specific things. Especially in our industry tools go in and out of vogue overnight. But trends stick around for the longer haul. The trend towards cloud computing, the trend towards machine learning, the trend towards what will come after which will be related to the problems we cause today developing things we're not capable of fully comprehending until it's too late - which is a trend humanity has proven we fail at since the dawn of time.

5. Learn to apply your skills with massive growth and scalability. Learn how to execute, predictably and reliably. This is what will earn you a great reputation that you can build on for your entire career.

6. Now you've built all that up, if you've done everything right along the way, you're now in the perfect spot to do it all for yourself and earn a billion dollars.

I presently sit between 5 and 6 and hope that my journey into building my own company will allow me to use what I have learned in my career to help drive those behind me forward.

I know Kevin Spacey may not be the greatest role model, all things considered, but he did say one thing that stuck with me.

"If you're lucky enough to do well, it is your responsibility to send the elevator back down."

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