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Can you commit to ‘The 5-Hour Rule’ to guide your lifelong learning?

Commit to 5 hours a week

Dedicating five hours a week to learning creates space for innovation

What is the secret to success used by successful entrepreneurs like Bill Gates, Warren Buffett, Mark Zuckerberg, Elon Musk, and Oprah Winfrey? It’s a system of constant learning called the ‘5-Hour Rule’. Its proponents commit to five hours per week to learning new things. The reason? Lifelong learning boosts creativity and prevents status quo thinking from becoming a routine that stifles innovation and enjoyment.

Benjamin Franklin is said to have followed a similar pattern – he woke up early to read and write, set personal growth goals and tracked the results, and also created a community of like-minded artisans and tradespeople who hoped to improve themselves while they also improved their communities.

Champion martial artist Josh Waitzkin also applies the 5-hour rule to his practice. He says ‘”I have built a life around having empty space for the development of my ideas for the creative process. And for the cultivation of a physiological state which is receptive enough to tune in very, very deeply to people I work with … In the creative process, it’s so easy to drive for efficiency and take for granted the really subtle internal work that it takes to play on that razor’s edge.”

CEO of Microsoft, Satya Nadella, has said that lifelong learning is something that defines him as a leader. “I fundamentally believe that if you are not learning new things, you stop doing great and useful things.”

How can you benefit from making the same commitment to lifelong learning? Connect2Classes makes it easy with an extensive catalog of learning experiences and life skills training that can benefit your life including cooking and baking, DIY and home improvement, visual and performing arts, and more.

 

Parenting the Love and Logic Way is a course that gives students proven techniques, exercises, and tips that help kids become more responsible while the whole family has more fun.

Starting a New Business will help jump-start any new business.Generate cash faster and avoid common pitfalls. Start with the right legal, insurance, and accounting knowledge. Learn how to finance your product or service, identify key customers and develop a strong marketing platform.

If you are serious about pursuing an education in wine, Mastering the Art of Wine Tasting is the most important wine class you can take. It is a thorough grounding in the skills necessary to taste wines like a professional.

Or simply click to explore all of the courses offered on Connect2Classes.

 

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Are You Ready for Tax Time?

Tax Time

It is that time again – time to prepare for your taxes.

Classes in Excel, Quickbooks and More


Do you have to pour over a box full of receipts and ATM stubs to find all the information you need? Or are you organized with your online banking, credit card statements and some accounting software? Most of us are somewhere in between. Year after year I start off with a filing system, new tabs folders and a renewed attitude towards keeping everything organized. But when my accountant is ready for my paperwork I am always scampering around the house trying to figure out where I put things. Some things come in the mail, some are online, and some I need to print off my online bank and kid’s university account.

According to the IRS website, more than 10.25 million individuals file tax extensions each year. Is that because we are just not organized? Perhaps it is time for a little education.

Here are some simple ways to keep organized all year.

From Working Moms website:

    1. Label large envelopes with Income and Expenses. In the Income envelope store your W-2’s, 1099’s. Dividend Statements, Earnings Statements and Investment Statements. In the Expenses envelope store your non-reimbursed business expenses, job-related and job search expenses, medical receipts, childcare expenses, and energy savings home expenses. If you choose to, you can have envelopes for each expense.
    2. Throughout the year as you receive tax-related documents, drop them into the appropriate envelope. As you add an item to an envelope, list it along with the corresponding dollar amount on the outside of the envelope.
    3. Receipts for expenses should be handled carefully as they tend to fade over time. Make a copy of each receipt (or better yet, scan it) and file the copy in the appropriate envelope. For receipts that include multiple items, be sure to highlight the specific item(s) to be deducted. You might also consider making a note on the receipt of the specific reason for the expense.
    4. Remember to track your mileage. Keep a notebook in your car at all times. Each time you drive for business record the date purpose, odometer readings at the beginning and end of a trip and total miles driven. It is easiest if you have created columns for each of these headings in your notebook. At the end of each month, total the miles driven that month and year-to-date.
    5. Whether you prepare your tax return yourself or have someone else do it, gathering all of the necessary and required documents is quick and easy now that all of your documents are organised by category and stored all together in one location.
    6. Once your return is complete, keep a copy of it along with your corresponding document envelopes for that year. In the event of an audit, you’ll have everything you need all in one place.

 

Here are some tips about receipts from Entrepreneur.com

  1. Keep all your receipts.
  2. Make notes on the back of the receipt so you can remember what the item was for
  3. Scan your receipts and keep them for at least 6 years
  4. Take a picture with your phone – use an app to manage your expenses. Here is an article that has Ten Smartphone Apps That Can Help You Track Your Expenses.
  5. Keep a business journal.
  6. Stay away from cash.

Perhaps the best thing would be to take a class. Technology is changing things so quickly that there are certainly easier ways to do things all the time. Why not take advantage of the fabulous classes Seattle has to offer. You can find classes on Excel, Quickbooks and Small Business Accounting. Check out the options at Connect2Classes.com. Next year things could be a lot different.