Myron Golden "The Learning Gap is The Earning Gap."

Times have changed.

In the not too distant past, you could’ve graduated from college and then worked the same job until it was time to cash in a very healthy pension.

You could’ve gotten away with reading maybe one book a year and left it up to your workplace to train you on the requisite skills.

Unfortunately, most people are stuck in days gone by. Struggling to survive in an economy that for the most part no longer exists.

In my opinion, this is probably the most overlooked aspect of the current income gap. Yeah, we can discuss social and political factors until we’re blue in the face. Some valid ones, others not so much. But if you’re attempting to close a 2024 income gap with a 1987 mentality, you’re doomed.

I can usually tell when someone is struggling financially. When I ask them what book they’re reading, they go blank in the face. When I ask which skills they’re developing, they’re not quite sure what I mean by that.

In today’s knowledge-based economy, if you’re not learning, you’re not earning. If you’re not developing skills, potential customers and clients aren’t interested in your run-of-the-mill services.

In a highly competitive marketplace, it’s the ones who commit themselves to reading, taking courses, and innovating novel solutions for other people’s problems, that rise to the top of the income brackets.

They don’t moan and groan about how they “don’t know how.” Instead, they understand that all the knowledge you’ll ever need (the knowledge that some think they don’t have access to) is literally on your phone. FOR FREE.

Want to know how to start a business? Go to YouTube and punch “how to start a business” into the search bar. It’s all there.

Want to know how to invest your money? See above.

Want to know how to create generational wealth with a podcast, a blog, or a YouTube channel? You can find everything you need to know on about a million podcasts, blogs, and YouTube channels.

Many of the content creators who provide open access to this valuable information earn well-above average incomes teaching you what they know. They’ve embraced economic reality instead of flailing in the quicksand of a strategy well past its prime. They operate economically in the present day.

Anyone who complains about how “they don’t know how” is choosing to not to know. For a myriad of reasons. But mostly the fear of potentially failing despite learning.

If you don’t know how, but you spent 20 hours this weekend watching the playoffs, you don’t really want to know how.

If you haven’t cracked open one of the 257 books that show you how, you’re choosing your own stuckness.

In these times, there are no excuses for not knowing how. None.

On today’s episode of the podcast, Myron Golden reveals why the key to shrinking the earning gap is in your commitment to closing the learning gap.

Source: The More You Learn The More You Earn