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What is 80/20?
I had heard about the 80/20 principle or the Pareto Principle a few years ago but I never really spend the effort to implement it into my life. It was until I started HealthMoneySuccess.com and I found that I was easily overwhelmed by the amount of tasks and information that I have to consume.
It was then I read up an article on the 80/20 principle written by Yaro Starak and I found that the philosophy of the 80/20 principle can help me to eliminate 80 percent of the non-important work thus I can focus on the 20 percent that is truly important. This mean that I can free up more time and get more things done using a lesser amount of time.
So what is the 80/20 principle? The 80/20 principle states that 20 percent of our effort will result in 80 percent of our outcome. Pareto’s research had shown that the world is running in a similar order of the 80/20 ratio. The numbers may not be exactly 80/20 and may differs but the important point is that there are always things that matters more than the others and our choice of tasks will greatly affect our output (20 percent effort that will have 80 percent results or the 80 percent effort that will have 20 percent results).
Examples of 80/20 Scenarios
If we took notice of what is happening around us, we will find that there are lots of scenarios that is in the 80/20 ratio.
- 20 percent of the people in the world control 80 percent of the money in the world.
- 20 percent of your clothes get worn 80 percent of the time
- 20 percent of your 8 hours work time produces 80 percent of the results
- 20 percent (or may be much lower) of your contacts in your cellphone are contacted by you 80 percent of the time
- 20 percent of the files in your computer are used 80 percent of the time.
There are lots of examples that I can go on and on but the important point is that we need to know what are the few important (20 percent) tasks that we need to do daily to get the maximum output (80 percent) to make a great difference to our life.
How 80/20 Work For Me
In my typical work day, I will spend most of my time in front of my computer and this mean that I will be facing lots of distractions. Some distractions will be emails, Twitter, Facebook, clearing my Google Reader and receiving phone calls.
These are the tasks that takes up 80 percent of my time while producing 20 percent of my results. So it means that if I am able to eliminate or minimize those tasks, I will be able to focus more on important tasks (writing articles, sending out my email newsletter, writing my eBook) which is the 20 percent that will produce 80 percent of my results.
The 80/20 principle has help me to define what are the tasks that I need to spend more time on and also what tasks I need to eliminate or minimize.
How The 80/20 Principle Can Work For You
By correctly applying the 80/20 principle into your life, you can get more results in your life using the least effort. You may want to start observing what is happening around you and focus on the 20 percent tasks you are doing which creating 80 percent of the results and minimize the 80 percent tasks that is only creating 20 percent of the results.
The 80/20 principle is universal and can be applied to whichever field you are in. However one thing to take note is that you can apply the 80/20 principle in your life too.
Are you really loving what you do?
If you are not, most likely you are currently spending 80 percent of your time (your current job) to create 20 percent value. Instead you should find ways to spend more time working on what you really want to do and make the 80/20 principle work for you to create your desired lifestyle.
By applying the 80/20 principle into our work or life, we can get more results using the least effort and also create our desired lifestyle. Why not start implementing the 80/20 principle into your life and see the difference it can help you to create in your life.
Personal Development Blogger
**P.S**Are you using the 80/20 principle in your life? Share with us on what you think about the difference it would make in your life if you are implementing the 80/20.
**P.P.S**If you want to read up more about the 80/20 rule, you can start by reading up on the book The 80/20 Principle by Richard Koch.
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