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The 5-Year Rule
There are very few things in life that yield large results from small, infrequent and superficial efforts.
Iām sure we can all relate to asking ourselves in some way or another: āWhere should I spend more of my time and energy in order to ensure results down the line?ā
Nobody likes the idea of constantly starting afresh.
It may be exciting in the short-term, but none of us are getting any younger. We need progress.
Deep down, I believe we all value the idea of getting better at something, being recognised for it, growing from the experience and yielding bigger returns from it in the process.
Alongside my āfull-timeā medical career, Iāve been trying hand my hand at various endeavours in order to see what really clicks with me, things I can juggle alongside a traditional job that can: provide a creative outlet; ensure consistent self-improvement; help build towards financial freedom and develop respect within the communities I value.
Iāve failed at a lot. Iāve been bored, a lot. Iāve even discovered that some pursuits wonāt stand the test of time.
Taking deep dives into small, niche projects teaches you enough lessons about yourself so that when you take a step back, you get the big pictureāāāWhat you need to be investing your time in.
Thatās when I started thinking about the 5-year rule (I coined this 5 minutes before writing this articleāāābut the message still stands).
Instead of simply giving you a one-line definition, I think it would be better explained using personal examples of what Iāve chosen to invest my time in:
Blogging
I used to believe blogging was for outsiders, those who couldnāt fit in and had to seek validation from communities on the internet.
Harsh, I know. Thankfully, those ignorant days are behind me!
First I respected it, but it was only later that the revelation cameā Blogging might be more for the writer than it is the reader.
No, I donāt mean the fame and fortune that might result from a successful blog; I mean the benefits of publicly recording your thoughts even if no one reads it.
Hereās why you need to consider it too:
š§ Clarity of thought.
Whatever you seek to achieve in life, clear and effective communication will put you light-years ahead.
Whether it be social and formal interactions, pitching ideas, presenting information or even selling, itās probably up there with the must-learn skills of life.
I, like many other people, struggle to refine my thoughts into effective written and spoken communication. I know what I want to write or say, but somehow I can never seem to use the right combination of words that accurately reflect exactly how Iām thinking it.
Infact, I donāt think anyone has ever been able to communicate their exact thoughts and emotions as well as they can think it.
Blogging makes me stop and think about how I can communicate better.
I think, draft, rethink and redraft until Iām left with something thatās closer to what Iāve been trying to say from the very beginning.
This helps me to communicate better with colleagues and patients at work, improve my marketing efforts online and refine my teaching presentations.
āš½Recording ideas.
Each week I attempt to condense a seemingly large topic into a small bite-sized article.
During the sessions in which I write these, I think hard about everything I currently know about the topic, distilling it down into key points and nuggets of actionable information.
Having these ideas saved on the internet means that Iāve kept a record of them all, allowing me to reflect and refer back to them in the future.
Every week I add another edition to a collection.
Itās like a personal (and public) hub of compounding knowledge.
šThe power of email.
Building an email list is incredibly powerful.
Almost every company youāve ever bought from has likely made an attempt to get you signed up to their mailing list/newsletter. They know how valuable it is.
The reason? By subscribing to someoneās mailing list, youāre making the voluntary decision to allow them access to some of your time and attention.
In this day and age, attention is currency. The more attention you can hold, the higher your influence and earning potential.
Thatās why I choose to have people sign up to a newsletter rather than leaving everything on a blogging site.
Newsletters cut out the noise and allow me to connect directly with my audience without having to repeat my marketing efforts over and over.
Why does blogging pass the 5-year rule?
If Iām constantly refining my thinking, I get better at speaking and writing. If that improves, I reap the rewards of effective communication in every situation Iām in.
Weāll be communicating in one way or another throughout our lifetimesāāāthatās something thatāll pay lifelong dividends.
Even if no one read these articles, Iāve got good reason to continue.
Content Creation
Iāve discovered that I love to create things.
Whether itās editing a video, creating a website or even uploading a photo for Instagram, putting something together for others is the only thing that has ever made me lose track of time.
If content creation wasnāt monetisable, it would be a bittersweet waste of time.
Luckily, itās one of the most effective and fun ways to earn a living and bring attention to the things you care most about.
Hereās why you need to consider creating content:
š¤People are curious about people.
Whilst a blog may take a while to ātake offā, a podcast will likely attract higher levels of engagement. Thatās because itās easier to connect with a human voice than with words on a screen. The same principle applies to the higher tier: video content.
If you want to get a message across to someone, videos are the best form of content (when done right)āāāItās the very reason I plucked up the courage to make a Youtube channel (link at the end).
ā°It doesnāt require a fixed commitment.
Whilst it does take time and commitment to build a following, each piece of content you produce can be independent to the last.
In other words, you only have to be committed to finishing one project at a time. The breaks in between allow you to rest, get re-inspired and take on fresh new challenges.
Unlike starting a company, which is like a marathon, creating content is often a series of short sprints. You focus on small projects at a time and cement them on the world wide web when theyāre ready to passively work for you.
šItās a great lead generator.
As I mentioned before, creating content is great for holding peopleās attention.
Better yet, content is great for generating leads to build a following and sell products.
As someone whoās used content to sell books and courses, I can tell you that learning how to produce high-quality content really pays off in the form of marketing and lead generation.
Why does content creation pass the 5-year rule?
Whether itās to share a message, sell a product or teach something, high-quality content is a gift to your audience that helps you to achieve the desired results.
I can see myself dabbling in entrepreneurship in the future. I can see myself offering value to a community of people who share similar interests and values to me. I even see myself being heavily involved in teaching for the rest of my career.
Teaching
Teaching others is a social interaction that benefits everyone involved.
When done right, itās not only informative and enjoyable for the recipients, but itās also super rewarding for the teacher.
Hereās why I choose to invest time in teaching:
š¤For my learning.
Similar to the last two examples, teaching is as much for me as it is for them (Iām probably sounding super selfish by this point, but hear me out).
I really value education. Iām incredibly blessed to have learnt what I have and itās enabled me to get to where I am today.
To hold myself accountable for lifelong learning, teaching keeps me on my toes. It pushes me to consistently revalidate what I know and should know.
The social implications of being a bad teacher would cause me embarrassment, so I force myself to teach things in order to drag my lazy brain back to the books.
šøPassive income.
As you progress within your career (or a hobby), you build up a bank of knowledge that becomes valuable to other people. Package this up in an educational and enjoyable way and you leverage your hard work into a potential income.
The teacher earns a living; the student receives information that theyāre willing to exchange money for. Everybody wins.
Why does this pass the 5-year rule?
I love learning new skills, taking up new hobbies and revalidating my medical knowledge in order to become a better doctor. Iām fairly confident that my wish to continue these things will stand the test of time.
Additionally, If Iām able to take what Iāve learnt and create passive streams of revenue from teaching it, Iād be earning money from doing what I love and having fun teaching it in the process!
The 5-year rule.
In short, the examples above tick multiple boxes for what I consider to be most valuable to me.
Blogging helps me to clarify my thoughts and ensure effective communication, something Iāve identified to be one of the most important skills I ought to hone. It also helps me to build a following of like-minded individuals.
In 5 years, Iāll still value these things.
Content creation appeals to the creator in me, the kid who loves to build things for other people and see how they respond to it. It allows me to mingle with other creatives and earn a side-income from doing the things I enjoy.
In 5 years, I believe creating content will still be beneficial to for me.
Teaching allows me to give back to those who need it, revalidating my knowledge in the process. It also gives me the opportunity to turn all those hours of hard work into passive income, through physical and digital goods.
Learning is a lifelong process; I can certainly see myself teaching for the above reasons in 5 years time.
Notice how I didnāt say anything specific like āblog about self-improvementā, ācreate videos on productivityā or āteach medicineā.
Itās not the specifics I can see myself doing in 5 years time, itās the bigger picture.
š”If you liked this article, you might like this one too: 3 Lessons Iāve Learnt From Juggling Multiple Projects
šŗI recently created a Youtube channel, you can check out my first video below!
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āļø About the Author:
šØš½āāļøFaisal is a Junior Doctor working in the NHS and the founder of YoungAcademics.
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