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.

---

Are You Really Swamped or Just Disorganized

"Time is what we need the most and what we... Read More

Are You Running Out of Time?

Here's some time management tips to try:1) Set strict office... Read More

Career Redesign Tools For Work-Life Balance

Partnering with the University of Pennsylvania Law School and the... Read More

Save Your Time - Delegate!

Frustration is when an obstacle blocks your ability to achieve... Read More

Creative Leadership; Inspirational Power ( Part 2 )

Time management is absolute crucial nowadays where business decisions have... Read More

Time Invested Wisely = Your Dreams

This past Friday I was asked to speak with a... Read More

Realistic Time Budgeting Tips

I'm sure we've all had the experience of having a... Read More

How to Find More Time in Your Day-Balancing Career and Family

Goal Planning-Achieving balance in a person's life requires assessment of... Read More

Time Management - Honor Your Time and Energy

Your time and energy are the two most precious gifts... Read More

Time Management

Isn't it amazing that some people can produce huge results... Read More

House Cleaning - Three Ways To Finding The Time

It's always a challenge finding time to clean my house.... Read More

Time Management - Working Smarter at Work

Let's look at your time management skills. Most of us... Read More

Time Management: A Non-Renewable Resource

Benjamin Franklin wrote: "If you want to enjoy one of... Read More

Tips to Manage Incoming E-mail

Friends, colleagues, and clients are all telling me that one... Read More

Winning The Fight Between You And The Clock

"Slaves to the clock" was the cover story in the... Read More

10 Time Management Tips for Busy Professionals

If you feel like your life moves faster than a... Read More

Biggest Time Management Mistake

The biggest time management mistake you can ever make is... Read More

How A Simple Four-Letter List Can Make or Break Your Business

One of the biggest problems most people have when it... Read More

Mercury Retrograde and Time Management

The concept of Mercury Retrograde is very well known even... Read More

Time Management Basics

"At my back I always hear time's winged chariot hurrying... Read More

The Kaizen of Goal Setting

There is an old way of goal setting and a... Read More

Balancing Your Work, Family and Social Life

Balancing Your Work, Family and Social Life... 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

The Key to High Productivity is Energy Management

One of the issues most often raised by my clients... Read More

Talkin About Chicken

Yesterday, I'd just gotten comfortable at my favorite table in... Read More

Are You Always Late?

"Fashionably late" is no longer in fashion. In today's heavily... Read More

How Would You Like to Capture Some Time?

Women's health issues often are focused on goals to reach:... Read More

Priorities: Dont Dry Your Dishes

Do your dishes really need to be dried, or could... Read More

Effective Time Management - Delegating Techniques

Do you manage your time or does your time manage... Read More

Living on Purpose: Achieving Balance Between Work And the Rest of Your Life

Many of us get so caught up in day-to-day pressures... Read More

How To Manage Your Time

I would like to touch upon a subject that it... Read More

Reading -- 10 Ways to Find The Time

Why Read?It's been said that there are three kinds of... Read More

The Power of Limited Time

The most powerful resource that we have is time. Everything... Read More