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#1 |
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HyperActive Warrior
Join Date: Oct 2008
Location: Singapore
Posts: 244
Thanks: 8
Thanked 33 Times in 21 Posts
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80/20 Rule
There are only 24 hours a day in our life and what does that mean? It means that our time is finite and there is a limit on how much time we can utilize. Do you want to be able to double your productivity and and double your time off? Yes! Of course you want. So what can you do to achieve that? This is where the 80/20 rule comes into play. So what is the 80/20 rule? Bill Perreto was an economist who observed that in Italy, 80% of the income was received by 20% of the Italian population and he later found that a small proportion anything was responsible for a larger proportion. The general idea is, a small portion of things are always responsible for creating the larger portion of things happening. So the relationship is always like, 20% of the people are earning 80% of the money or 80% of the world's greenhouse gases were produced by 20% of the population. It is not the exact figures but it is the general idea of how things are according to proportion. 80/20 Rule applies in our life too. What if you are spending 80% of your time on activities that produced 20% of value to you? Inefficient isn't it? Why would anyone want that? It is just like giving you 50 cents for 1 dollar of yours. In order to double your productivity and double your time off, you need to focus your energy and use 20% of your time to produce 80% of value to you. Examples of 80% activities that produce 20% of value. - Watching television - Spending huge amount of time on the phone. - Hanging around with colleagues at the pantry Examples of 20% activities that produce 80% value - Creating a sideline income - Writing a book - Investing in yourself to learn a new skill When you start to focus your energy on the 20% activities that produces 80% of value, you will find that you can double your productivity and double your time off. Most importantly, you will find your life back instead of slogging your life away. P.S: What are the activities that contribute more value to your life and are you doing them regularly? Cheers Vincent Personal Development Blogger |
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#2 |
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Advanced Warrior
War Room Member
Join Date: Nov 2008
Posts: 612
Thanks: 19
Thanked 50 Times in 36 Posts
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Making money contribute more value and I do that regularly..But I thought you would have gone into talking more about improving the efficiency of the efforts you put into doing anything. As for me, I'm always looking for easier ways to do things. If there's a way to dramatically quicken the process, yet produce higher output, then I'd learn it, even if it takes a while to learn and grasp. |
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#3 |
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Advanced Warrior
Join Date: Aug 2005
Location: Sydney, Australia.
Posts: 746
Thanks: 28
Thanked 77 Times in 70 Posts
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Also included in the 80% could be time spent hanging out in forums although, I must admit, I've gained a lot of useful ideas from the Warriors.
I find it useful to have a daily target or list of direct money-making activities that must be given priority - like building sales pages for specific products, starting or contributing to a blog which promotes one or more of my websites, etc. Today I'll launch 4 new blogs that are on mini sites I've set up. Sales pages are in place. Quality content has been gathered (and continues to be gathered for new blogs I have planned). Christmas is approaching and sales are afoot! Ivan |
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#4 |
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Warrior Member
Join Date: Dec 2006
Location: , , USA.
Posts: 25
Thanks: 3
Thanked 0 Times in 0 Posts
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I agree with the theory just fine. And it is easy to create a To-Do list with actionable items for each and every day. The thing is I can go a little nuts doing the same thing day after day.
There must be something I can do to cut down in the daily sense of "friction" I sometimes feel. Or maybe it is just something to push past. |
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#5 |
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HyperActive Warrior
Join Date: Oct 2008
Location: Singapore
Posts: 244
Thanks: 8
Thanked 33 Times in 21 Posts
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By focusing on doing the things that provides the most value to your life, you can tremendously increase your output and quality of life. This 80/20 rules help in guiding you to find the most efficient and effective way of doing things.
Cheers Vincent Personal Development Blogger |
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Sick of mediocrity? Click here to download your free copy of Unleash Your Maximum Potential.
Personal Development Blog -HealthMoneySuccess.com |
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| 80/20, doubling, personal development, producitivity, productivity, success |
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