... or the 80/20 principle was coined in the early 1900s by Vilfredo Pareto, an Italian economist. He observed that the pea pods in his garden were producing peas at this rate. 20 percent of the pea pods produced 80 percent of the peas. This output was then observed by him on a larger scale, across industries, societies and companies.
This principle states that 80 percent of the output or results comes from 20 percent of the input or effort.
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The Pareto principle has been seen working in various fields, and domains:
We have never considered this before but the same principle applies to our lives.
The 80/20 law, like gravity, is everywhere in your life.
Check your money flow, relationships, possessions, and the things you spend your time on, and find if there is any improvement that can be made in your life.
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.