The Pareto Principal - AKA The 80/20 Rule

 One rule of life that has been widely accepted as a smart concept in balancing tasks and effectiveness is the 80/20 rule. Also known as the Pareto principal, the concept was invented by Italian economist, Vilfredo Pareto. The principal is basically that 80% of our results or outputs come from 20% of our actions or inputs. The idea is simple, but implementing it into our lives is the complicated part. While I’m doing my best to make this a part of how I life, here are a few tips that may also help you to make this part of your daily assessment.

Make the most of your time

Identify the important activities that produce the results you are looking for. For example, if you have a goal to expose one person a day to your business opportunity, then spend 20% of your daily activities making calls and inviting them. Within a 10 day period you can feel confident that 8 days will be filled with meetings just based on those calls.

So where do you find the 20% of time to devote? Avoid time wasting activities that will not get you closer to the goal. If that same 20% of your day is devoted to surfing the web or monitoring Facebook, then replace those activities. The reality is that making your calls would be easy to do. Reality also is that it's easy not to do. Focus on what's important.

Fight stress

Using the 80/20 rule can help minimize stress. Consider 20% of what you think about or what you do produces 80% of what you feel. If 20% of your daily activities or thoughts have negative, self-doubting, or depressing undertones, your mood will be affected adversely. Consider what produces your stress and eliminate those activities or change them. If you cannot change the activities, change the way you look at the activities.

Make more money

Use this concept to increase your earnings. 20% of your activities produce 80% of your income. This principal also determines where your money goes since 20% of your spending produces 80% of the value we get. Eliminate unnecessary expenses and devote 20% of your money into money-making activities.

Get better relationships

20% of your relationships make up 80% of what matters the most. So focus on the 20% of most important people in your life and improve the relationships you have with them. This can produce 80% of the strongest relationships in your life and increase the bond within those relationships.

Have a happier life

Minimize the activities that cause stress and begin to focus 20% of your time towards the things most important. I'm still learning how to apply this concept to my life. Any feedback or ideas you may have are appreciated!