10,000 Hours to become an Expert!

September 6, 2018 | Filed under: Credit Spreads, Stock

Strategy: Don’t become an Expert, but Manage Experts.

A lot of folks, want to become experts in specific areas, but often don’t realize the amount of time and effort involved. So, let us say, you want to become an expert in Real Estate. The quoted average is 10,000 hours of study and work to become an expert. So, if you decide, to “do it yourself” you will be busy for the next….. 10-40 years.

10,000 hours is lot. And I imagine,  once you master real estate, you want to learn about business, or stock, or asset protection. That could be a whole life time. I know. I did that plan and mid way I realized it is better to tap someone else expertise. Think about it.

If you dedicate 5 hours a week that means 38.4 years to master one topic. On area of expertise. Yes you are the master, but their is major opportunity cost with that kind of strategy. I spent 10 years, getting good at real estate. When I wanted to master stock, I did a different plan. I bought a mentor (Credit Spreads). Yes I still learned strategies, investing 20 hours, not 10,000. I compressed time with a Mentor. Got to stock market expertise, in 2 years not 38! Even if you dedicate more time each week, it still is a long haul to mastery:

  • 10 hours a week, then only 19.2 years.
  • 20 hours a week, then  8.6 years.
  • 40 hours a week, 4.3 years. That working at IT (topic)  full time to master a skill set.

Hey there is a much better way. Take your money. Take your time and KEEP it. Invest a little bit of time, a little bit of money.  Just get a mentor, or coach on your team that has the hours. That has the result you want all ready. BUY success. In the long run, you master more areas.

Take advice from Henry Ford who under questioning about his expertise in the car business said:  “Let me remind you that I have a row of electric buttons in my office. All I have to do is press one of them to call the person who can answer any question on any subject I wish to know, relative to the business at hand. I take care of the business, they take care of the questions. Now would you be so good as to explain why, just to answer you questions, I should have a brain stuffed with general culture, when I am surrounded by employees who can supply any information I might want to know? ” Henry Ford.

Manage your success! 🙂

PS: If you are thinking about Mastering Stocks. The first thing you should do is build cash flow with Credit Spreads. Monthly income. Spreads win 9 out of 10 times. High probability system, with past results to prove the numbers. Usually earning 6-8 percent per month. A winning system. Invest 8-12 hours and master a kill for a lifetime of income. http://www.creditspreadsystem.com

 

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