Have you ever heard of the 80/20 rule?
Or the 80/20 principle?
Also known as The Pareto Principle?
So…
What is it?
Originally, the Pareto Principle first started, as the story goes, in 1906 as an observation
back in Italy by a man named Vilfredo Pareto.
He noticed how 80% of Italy’s wealth belonged to only 20% of the population,
And in a different case of how 20% of the pea pods in his garden produced 80% of the
peas.
Again, just to clarify, the Pareto Principle first started as an observation and not a
law of nature that most things in life are not distributed evenly.
Okay.
You might be already wondering, alright cool… what does this observation have to do with
me?
What does this have to do with achieving more by working less?
Well, in this video, you will learn what the 80/20 rule is and how vital this principle
can really be for you when applied correctly into your life which has shown to drastically
improve productivity in a lot of people’s lives.
So….
Let’s talk about it!
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Alright, so…
The Pareto Principle helps you realize that the majority of results come from a minority
of inputs.
In short, 20% of the input creates 80% of the result.
Or vice versa that 80% of the input creates 20% of the results.
Interestingly, in today’s current day and age, Vilfredo is still not far off that 20%
of the world's population controls about 82.7% of wealth.
So…
Here’s a story for you to understand how it 80/20 can affect people’s lifestyle,
There are 2 guys.
One is Fred and the other is Jerry.
Fred is a hardworking man.
He’s the guy that you always see him working nonstop, at his job, at home, almost everywhere,
he’s on the run trying to get tasks done.
Trying to pay the bills, trying fix things, manage everything!
And there is Jerry.
This man is kinda like the opposite of Fred.
He works about 3 hours a day, and the rest of the day he does whatever he wants, when
he wants, and seems to always have the ability to enjoy hanging out with his friends and
family.
Now…
Let me ask you something…
Who do you think is more productive?
If you thought Fred, well…
In this case, Fred was actually the busiest guy but not the most productive.
You see, being busy doesn’t mean productive and that’s where the 80/20 rule comes into
play.
I said Jerry has the ability to work 3 hours a day, and he gets to do whatever he wants
afterwards.
Fred is working hard, but with the observation of the 80/20 rule, 80% of his effort is yielding
20% of the results.
Jerry on the other hand, learned early on how to use his time more efficiently into
tasks that takes 20% of his effort that produces 80% results.
Now, don’t take me wrong that I am not saying hard work is a bad thing.
Like I said, you can work hard with many of times working inefficiently so it’s always
important to keep that in mind to make sure your work is productive.
You see…
The 80/20 is what I use it to analyze productivity and business tasks, buying groceries, learning
skills or allocating free time.
Here’s a couple of life examples I had in life because I asked the 80/20 rule question.
Example number 1,
20% of my tasks were bringing me 80% of the results in a specific business goal, which
led to making those tasks top priority.
For example, my YouTube channel!
About 20% of my videos are actually bringing in about 80% of my viewers and this isn’t
a surprise honestly since this is very common among all other YouTubers.
I’m able to see what works, and what videos doesn’t and I focus on topics that worked
very well!
A second example is, in the past, 80% of the time spent on the phone was pretty useless
honestly.
And now my work has improved way more!
And these are only some of the changes I made in my lifestyle because of the 80/20 principle.
Again, how can this apply to you?
Well, when I read Tool of Titans by Tim Ferriss, I learned from that book that it's helpful
to organize your activities and think about your strengths and weakness.
In other words, which things you should be doing on your own and which you should delegate
or even remove from your schedule.
When you find something that is yielding more results, place your focus there and your time will
be used more efficiently thus you will able to become more productive.
Time is the most valuable currency.
It’s unreplaceable.
It is something you can’t get back.
By applying the 80/20 principle, your ability to better control your time on what yields
the most results will help YOU IMPROVE DRASTICALLY.
So…
What are your thoughts of 80/20 rule?
How will you apply it your life?
Let me know in the comments!
And if you’re new this channel, my name is Chris and I want to say welcome and if
you want to learn more about life improvement stuff, subscribe so you don’t miss out!
As always!
Thanks for watching!
And I will see you later!