Products and services depreciate, and knowledge - no
We are at the beginning of an era of rapid demonetization. Thanks to technology, products and services that have been expensive become cheap or even free. For example, cameras, watches, audio player, maps, encyclopedias - all this used to cost money, and now is in every smartphone.
1 . Define valuable knowledge in time
The value of knowledge depends on their rarity. When new technologies change an industry, there is a shortage of people with the right skills - and a high compensation for these skills. Over time, more people acquire them and the amount of compensation is reduced.
2 . Get new skills quickly
Opportunities appear and disappear unexpectedly. Therefore, it is important to quickly learn new skills. To understand and apply mental models is a universal skill necessary for everyone. Mental models form the basis of knowledge that will be useful in any field. With their help, you will learn faster.
3 . Explain the value of your skills to others
People with the same skills sometimes receive completely different salaries and occupy different positions. It depends on the ability to convince others and explain. Most spend years on mastering technical skills, but forget about the skills of communication.
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