Vilfredo Paretos Principle: The 80-20 Rule: 80% of Results are Produced from 20% of Efforts

Vilfredo Pareto's Principle, or The "Pareto Principle," is more commonly known as the 80-20 rule. It suggests that a ratio of approximately 20% to 80% can be found as an effective measure for most things in life. Whether revenues generated per customer or value for hours worked, it usually can be found that 80% of all of our results in business and in life come from only 20% of our efforts!

As importantly, the 80-20 ratio seems to hold true for many input/outputs, causes/consequences, or efforts/results. It also holds true across the spectrum of relationships, business, finances, time- whatever the case may be.

Richard Koch, author of The 80/20 Principle, suggests that the key to earning more and working less is to pick the right thing to do and only those things that add the highest value. Contrary to public belief, "be intelligent and lazy" is NOT an oxymoron- in fact, it's an important theme of this book! Discarding low value activities in all areas of your life, the true essence of the Pareto Principle, will create the time and freedom for you to enjoy a more richly endowed lifestyle.

How can you apply Pareto's Principle?

Look for the evidence of Pareto's Principle in all areas of your life. As best you can, determine where 20% of your energies, resources, time, and talents should be invested for maximum benefit (The 80-20 Rule). Then do it.

In addition to concepts like Pareto's Principle, wizardZofwealth.com offers people of all income levels wealth-building strategies in the areas of small business, entrepreneurship, self development, personal finance, trading, and investing. The site's exclusive Wealth Notes presentation style makes learning easy for people seeking financial independence.

In The News:

Watch  Quartz
The Power of Journaling  Psychology Today
SEO Specialist  Charlotte Agenda
Summer 2020 Will Shape the Future of Internships  Twin Cities Business Magazine

Handling Procrastination

"TIME CANNOT BE 'MANAGED.' THE WHOLE CONCEPT OF TIME MANAGEMENT... Read More

Scheduling Productive Days - Dont Interrupt, Im Pouring Concrete

Almost everyone in business knows the balancing act between the... Read More

Setting Time Aside For Studying And Homework

When trying to achieve a quality education, everybody knows that... Read More

Time Management Wasters

I am an ordinary man - A middle class high... Read More

Time Management: 11 Tips

Work more efficiently and be more productive using these time-management... Read More

A Time-Saving Programming Tactic that Doesn?t Work

Let's say that you have a software project that's under... Read More

Taking Time Out to Play - Summertime and the Living is Easy

As the song goes, this is the time to relax,... Read More

Hey, Free Agent, Did You Eat Your Breakfast Today?

And when you finally sat down to eat breakfast, was... Read More

Time is Money - Dont Waste It

"If you control your time, you control your life" -... Read More

The Laundry Has Never Been More Fun Or The Pitfalls To Working At Home

As a home-based, self-employed woman, mundane tasks can be as... Read More

Productivity at Home

Increased productivity, the ability to get more value for our... Read More

Avoid 7 Time and Life-Robbing Mistakes and See Your Productivity Soar

41 practical and quick ways to get on top of... Read More

New Adventures - in Four Hours a Day

"Can you find four extra hours in your day?" a... Read More

More Precious Than Gold

In this world there is something more precious than gold.... Read More

First Things Last

Years ago clients would tell me they could not identify... Read More

The Rule of Three

It's amazing how many sayings there are in our culture... Read More

Oh, My Goodness! Where Has the Time Gone?

It's 6:00 a.m. I'm awake. I'm pumped! I'm ready to... Read More

Time Management Tips for Busy Moms

If you are like most moms I know you think... Read More

Time Management is Cause Control

Recently I've experienced a barrage of time wasters. Everything you... Read More

Effective Use of Your Online Time

The Internet is increasingly becoming a major time killer for... Read More

Too Many Unfinished Projects?

Q. I have several projects going at once -- but... Read More

What Are You Thinking?

What would be your reaction if someone said to you... Read More

Time Management Tips - How to Have a Filing System That Works

Recently I was working with a new client who had... Read More

Emergency Living

There are times, when I am driving in my car... Read More

Making the Best Use of Your Time

Time - it is the one thing that we are... Read More