The 80 20 Rule Explained (a.k.a. Pareto Principle) | Brian Tracy - Deepstash

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The 80 20 Rule Explained (a.k.a. Pareto Principle) | Brian Tracy

https://www.briantracy.com/blog/personal-success/how-to-use-the-80-20-rule-pareto-principle/

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The 80 20 Rule Explained (a.k.a. Pareto Principle) | Brian Tracy
The 80 20 rule is one of the most helpful concepts for life and time management. Also known as the Pareto Principle, this rule suggests that 20 percent of your activities will account for 80 percent of your results . This being the case, you should change the way you set goals forever.

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Make Dream a Reality

Make Dream a Reality

A dream is the root of all success, for having a dream does not limit you on what you can do. Successful people allow themselves to lean back and imagine the kind of life that is possible for them.

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Keys to Living Without Limits

Clarity. Have a clear vision of your desires and future to help you stay focused on your goals.
Competence. Commit yourself to doing something that enables you to become better at doing the most important things in your field.
Concentration. Persevere, without diversion or distraction, in a straight line toward accomplishing your goals.

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Identifying Productivity Constraints

Identifying Productivity Constraints

What restraints you from achieving your goals? Are they learned feelings of helplessness? Or are they just simply excuses? Remember, whatever you have learned, you can unlearn. 

If your real goal is to dream big dreams and to live without limits, you can set this as your standard and compare everything that you do against it.

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Brian Tracy

“When your goals are clear, you will come up with exactly the right answer at exactly the right time”

Brian Tracy

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Applying the 80/20 Rule in Goal Setting

  • Assess your goals. Work on the most valuable all the time.
  • Work on the tasks with the greatest impact.
  • Think like a wealthy person. Do what one does.

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The Pareto Principle Misapplications

  • Putting inputs and outputs on the same level: Inputs and outputs aren’t the same thing and, therefore, can’t be put into the same pie chart.
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Neglecting 80/20 = Mental Clutter

Not having clear goals makes it hard to focus well on your priorities at hand. Applying the 80/20 rule will lift that mental clutter and enable you to focus better on your priorities. By me...

Identifying What's Truly Important

20% of your activities will account 80% of the results, and vice versa. Start working on the most important tasks, it may be complex or difficult but it holds majority of the outcome.